This is where China’s “debt trap diplomacy” might actually be beneficial for Kenya…

China’s loans serve to improve the top-line (economic growth), and China’s loan concessions don’t affect that. When Kenya puts Mombasa Port’s 50-year operating and port fees up for collateral, that’s a hit on the bottom line (Kenya’s government revenues) but does not change the fact that the port still exists to drive economic growth. Moreover, often the short-term hit in port revenues is less than the interest that would’ve been paid on the loan, so these collateralized loans are often cashflow neutral or even cashflow positive to default on.

The IMF and World Bank are more focused on padding the bottom line (tax revenues) by increasing taxes and decreasing subsidies. What an insane policy.

If a country can’t grow, how can you expect it to pay off it’s loans? The entire principle of government loans in the 21st century is that GDP growth makes loans progressively less expensive. The IMF and World Bank exist only to keep developing countries poor.

I’m cautiously optimistic that the burger empire will embrace HSR like the rest of the advanced world. America’s competition is no longer the Soviet Union, but China.

Considering the fact that uranium prices have been shooting up for the past year, the fact that this mine has been sitting idle until last week was seen by Niger as an indicator that the French were snubbing Nigerien uranium (that could have generated jobs, tax revenues, etc.).

Good move by Niger imo