China has cancelled a part of the debt owed by DR Congo to help the sub-Saharan giant fight the coronavirus epidemic, the Congolese presidency said on Thursday.
Foreign Minister Wang Yi made the gesture to put 180 million yuan back into government coffers during a visit to the country this week.COVID-19: Morocco Approves AstraZeneca/Oxford Vaccine China is a major investor in the Democratic Republic of Congo, and researchers from Johns Hopkins University in the US have estimated that Chinese entities have extended more than $2.4 billion in loans over the past two decades.
“The cancellation of the debt should enable the DRC to fight effectively against the Covid-19 pandemic,” the Congolese presidency said in a press release. Since the first coronavirus cases were detected on March 10, DR Congo has officially registered 18,738 cases and 610 deaths.
Hope chinko will also cancel the $3.12b of Nigeria debts? Is there any possibility to that? But I don't think so.
$28Million from a total of $2.56Bn In perspective, they reduced the debt to $2.28Bn. 😅😅😅
Comma bone gbese for ma father land too na🤗
Oh so generous of Xi and his team
Would they extend this gestures to Nigeria?
A takeover has happened already. Congrats to the new colony of Congo.
Make dem cancel Naija debts too
Incredible.
Nothing goes for free, they must have gotten a very tangible thing for this...Fear China
Chinko no remember nigeria
😳 Lavish 🤣