China Cash Flowed Through Congo Bank to Former President’s Cronies

By artappraiser on Sun, 11/28/2021 - 8:05pm |

Leak of 3.5 million documents shows how a Chinese-run company moved millions of dollars to former Congo President Joseph Kabila’s family and allies.

NEW: Africa’s biggest leak of financial information reveals how Chinese mining companies moved millions of dollars to allies of Congo’s former President Joseph Kabila

Read The Big Take ⬇️ https://t.co/whuKgpQ8u1
— Bloomberg Wealth (@wealth) November 29, 2021

URL:

https://www.bloomberg.com/news/features/2021-11-28/africa-s-biggest-data-leak-reveals-china-money-role-in-kabila-s-congo-looting

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China to take over Uganda’s Entebbe International Airport for default on debt repayment.

China has rejected Uganda's request to re-negotiate toxic clauses in the $200m loan picked six years ago for the Airport expansion.

The Airport is the only Intl Airport in the country. pic.twitter.com/EXkYwFBG6y
— Tanzania Updates (@TanzaniaUpdates) November 26, 2021

by artappraiser on Sun, 11/28/2021 - 8:11pm

That is how the whole continent of Africa operates maybe forever. It's part of why countries like Morocco and Sudan accepted Israel overnight. Good luck changing it. All those western charity and aid efforts for Africa end up in someone's bank account too.

You could send a whole bunch of people who think they know a lot better over there to show them the way but that was called Rhodesia. You could get someone to try to bring the continent together so that it wouldn't need to scheme as hard but that was Muommar Gaddafi. Both Rhodesia and Gaddafi's Libya had the highest standards of living in Africa for their respective time.

by Orion on Mon, 11/29/2021 - 12:06am

speaking of Libya, the latest

Gunmen Attack Court, Blocking Gaddafi Son's Appeal to Run for President: https://t.co/5PzruMry27 #Libya pic.twitter.com/vPRZwKCmzH
— allAfrica.com (@allafrica) November 29, 2021

by artappraiser on Mon, 11/29/2021 - 3:14am

Before him, there was a bid by one of Gaddafi's former generals.

by Orion on Mon, 11/29/2021 - 1:54pm

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