Here are some of the African countries that heavily owe chine
1. Angola:
It is the most indebted African country, as per the africa insider, with an estimated debt of $25 billion (about Sh2.5 trillion).
2. Ethiopia:
The Eastern Africa country comes in a distant second on the list, with a reported $13.5 billion debt. Most of this debt was used to fund infrastructure projects.
3. Kenya:
Kenya is third with about $7.9 billion (about Sh800 billion).
4. Republic Of Congo:
Next is Republic Of Congo with a $7.5 billion(Sh750 billion) bill. It is reported that corruption has played a major role in the escalation of the debt to such engregious level.
5. Sudan:
Makes to the list in fifth place. The conflict torn country has an estimate of over $6.4billion(Sh640 billion).
6. Zambia:
Just like kenya, China has Sponsored a lot of projects in the landlocked country which has left it with a whopping $6.5 billion (Sh650 billion).
7. Cameroon:
The West Africa Nation's $5.5billion (Sh550 billion) bill places it 7th on the list it was however recently revealed that China was in talks to cancel part of the debt.8. Nigeria:
Nigeria owes China $4.8billion(Sh480 billion)
with the ties between the two countries so deep the African nation has accepted the chinese yuan as a reserve currency .
9. Ghana:
It's debt to ghazi sits at $3.5billion (about Sh350 billion)
10. The Democratic Republic Of Congo:
Completes the top ten list of countries that owe China at $3.4billion(Sh340 billion), China has reportedly asked for precious natural resources and minerals in Exchange of case.