African countries seek relief from Chinese loans (The East African)

By Allan Olingo

From the article: 

Some African countries are now seeking to write off their loans from China while others are offering concessions using their natural resources and assets to manage their ballooning debt.

A new report by the US-based Centre for Global Development shows that China’s loans to Africa, currently standing in excess of $14 billion, continue to rise, putting a strain on borrowers and posing the risk of default.