Tanzania Says No to Chinese Loan, Mocks Terms and Conditions
John Magufuli, the President of Tanzania, has announced that he is canceling a US$10 billion loan offered by China. He called the terms and conditions of the loan so ridiculous that “only a drunkard” would accept it. Chinese loans to Tanzania The canceled Tanzanian loan was signed when the predecessor of Magufuli, Jakaya Kikwete, was ...
