Be wary of Chinese loans, US warns Nigeria, others

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The United States Secretary of State, Rex Tillerson, yesterday, told African countries to be wary of Chinese government and its loan facilities.

Tillerson warned that African countries should weigh Chinese loans carefully, adding that Washington was not trying to keep Chinese investment away from the continent.

Rex Tillerson

The US Secretary has been taking a dig at China and its investment in Africa in the past few days, although he had been roundly condemned by Russian Foreign Minister, Sergei Lavrov, who is also visiting Zimbabwe, yesterday.

On Tuesday, he said China “encouraged dependency, utilised corrupt deals and endangered Africa’s natural resources.”

Tillerson, a former Exxon Chief Executive, is seeking to bolster economic and security alliances on a continent increasingly turning to China for aid and trade.

The US diplomat is also believed to be seeking smooth…



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