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Home » Tag Archives: Chinese loans

Tag Archives: Chinese loans

Tanzanian President tells China what to do with their $10 billion port loan

Tanzanian President John Magufuli

PortandTerminal.com, April 24, 2020 DODOMA, TANZANIA – Tanzania President John Magufuli has cancelled a Chinese loan worth $10 billion signed by his predecessor Jakaya Kikwete to construct a port in his country. The project, which broke ground four years ago and was set to be run by China Merchants Holding International, would have been the largest port in East Africa. …

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