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U.S. tells Africa: ‘Don’t Forfeit Your Sovereignty for Chinese Money’

U.S. Secretary of State Rex Tillerson said on Thursday that African countries should weigh Chinese loans carefully, while adding that Washington was not trying to keep Chinese investment away from the continent.

“We are not in any way attempting to keep Chinese dollars from Africa,” Tillerson told a news conference in the Ethiopian capital during his first diplomatic trip to the continent. “(But) it is important that African countries carefully consider the terms of those agreements and not forfeit their sovereignty.”

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Tillerson, a former Exxon chief executive, is seeking to bolster security alliances on a continent increasingly turning to Beijing for aid and trade.

The top U.S. diplomat’s comments followed a speech earlier this week in which he criticised “China’s approach” to Africa which he said encouraged dependency through “opaque contracts” and “predatory loan practices”.

However booming trade has made China Africa’s biggest trade partner in less than two decades. According to the International Monetary Fund trade volume between China and Africa reached its peak of over $200 billion in 2015.

China is also the largest job creator on the continent.

According to Jeremy Stevens, an economist at South Africa-based Standard Bank Group, China has created close to 30,000 jobs in Africa over the last two years.

In addition to talking about trade and security, Secretary Tillerson may also attempt to smooth America’s relations with Africa after U.S. President Trump reportedly dismissed some African nations as “shithole countries” in January. Trump later denied making the comment and some African leaders say it’s time to move on.

The chairman of the African Union Commission says he considers President Donald Trump’s slur about Africa to be an incident “of the past.”

Both Chairman Moussa Faki and Tillerson were questioned during a news conference in Addis Ababa about Trump’s alleged remark. Neither man was anxious to address to eager the topic.

Faki said Trump sent him and other African leaders a letter shortly after the incident in which he affirmed his respect for Africa. He said Tillerson’s visit is evidence of the close U.S.-Africa relationship.

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Written by How Africa

One Comment

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  1. What a typical western imperialist hypocrite. Did America did not get the memo? America is losing the global stage and China and Russia is filling the void! He is f**** irrelevant just like the DOA/Dead weak superpower ‘Dived States Of Murica’. T-Rex Tillerson’s America is the dinosaur age. What have US done for Africa! Jack shit but stole Africans. Then, looted the continent with never ending wars from past to present. T-Rex Tillerson needs to stop running across Africa preaching about Africa getting exploited blah blah, when USA is doing it! Jealousy is real from the dinosaur west. Africa is rising, Middle East is rising, Russia and China is rising. If they are so jealous about China. Why cant they stop aid and wars and create meaningful investment for world infrastructure that competes. Africa is not a concern for USA. Africa can take care of its economic needs. So USA should minds its own business. Africa is not a child! What USA should be doing, is looking after its own people since its ‘America First’ lol. Oh, can’t fix your debt celling that you owe to China. Poor desperate hungry pigs. You need Africa more than Africa needs you. Oh, poor USA, hard times! When you have economic recession. Just wanting to steal a little before the economic crash in a couple of weeks with a blind economic reset from China, holding the country’s treasury and debt and flushing it into the toilet and launching Petroyuan replacing the fiat petrodollar. And Russia upgrading its military becoming smart and also their own economic reset with the Rouble. Then, the BRICS doing their own economic reset. Then, Iran ditching the dollar! So……America should focus domestically in their wild home with the school shootings, tariff regimes trading issues with EU and WTO and its economic slump into recession which will lead into a crash due to another deregulation of Wall Street by both partisan parties. Poverty is rising in America!

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