FOREIGN INVESTMENT IN THE MINING SECTOR IN AFRICA A FOCUS ON CHINA IN SHURUGWI ZIMBABWE

Description

The Chinese` s foreign policy has seen an aggressive new way of international policy. The Chinese foreign policy ischaracterized by giving government loans which have undisclosed clauses. The Chinese loans do not look at issues of democracy or accountability making it a darling of autocratic regime’s. From East Asian countries like Sri Lanka to Southern Africa Chinese funding has been distributed but to what end and what is the end deal. Zambia at one point has had its airport confiscated by the Chinese for failing to pay the back a loan. They have been a case where the Chinese money was directly channelled to the family of former DRC president Joseph Kabila. The Chinese have not been shy to spoil authoritarian leaders in 2020 they gifted the then Zambian president Edgar Lungu with a private jet. Chinese loans have led to mortgaging of natural resources by African governments who sort to gain on personal terms from the loans as they are no strict conditions compared to loans from the Briton Hood Institutes that have conditions.