Devdiscourse
Development News Edition
Give Feedback
write for Us

Tanzania’s President John Magufuli prefers almost hassle-free Chinese loans


Devdiscourse News Desk dodoma Tanzania
Updated: 30-11-2018 16:41 IST
Tanzania’s President John Magufuli prefers almost hassle-free Chinese loans

Image Credit: Twitter

The President of Tanzania, John Magufuli has said that he prefers loans from China to Western aid as it comes with fewer hassles and conditions.

John Magufuli expressed his opinion at the inauguration of a library at the main university in Dar es Salaam. China assisted in building the $40.6m library. China has become a major investor in Africa, challenging Western influence on the continent. It has promised to spend $60bn in investment, aid and loans in Africa over the next three years, mostly in infrastructure development.

"The thing that makes you happy about their aid is that it is not tied to any conditions. When they decide to give you, they just give you," John Magufuli said, BBC reported.

According to Magufuli, China has highly helped Tanzania in various areas of development, hence two countries will reportedly continue strengthening ties.

COUNTRY : Tanzania

POST A COMMENT