Djibouti’s location on the Horn of Africa’s Bab-el-Mandeb Strait, that controls access to the Red Sea and the Suez Canal, has made it a major destination for Chinese capital. Photo: AP
Djibouti’s location on the Horn of Africa’s Bab-el-Mandeb Strait, that controls access to the Red Sea and the Suez Canal, has made it a major destination for Chinese capital. Photo: AP
China-Africa relations
China /  Diplomacy

Djibouti suspends China and other loan repayments, banks on forgiveness

  • Strategically important Horn of Africa nation is struggling under mounting financing pressures
  • The decision affects two of its bilateral creditors, with China holding vast majority of Djibouti’s debt

Jevans Nyabiage
Jevans Nyabiage

Updated: 2:54pm, 29 Nov, 2022

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Djibouti’s location on the Horn of Africa’s Bab-el-Mandeb Strait, that controls access to the Red Sea and the Suez Canal, has made it a major destination for Chinese capital. Photo: AP
Djibouti’s location on the Horn of Africa’s Bab-el-Mandeb Strait, that controls access to the Red Sea and the Suez Canal, has made it a major destination for Chinese capital. Photo: AP
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