The Russian newspaper "Svabodnaya Prasa" published a report by Konstantin Olshansky, in which he said that China has been a major creditor to many African countries since the beginning of the 21st century, and has invested hundreds of billions of dollars in the brown continent, and Chinese engineers have built roads, bridges, airports and even new cities in Africa with money tray.
The report added that the volume of new Chinese loans to African governments reached its peak in 2016, exceeding $28.4 billion, and then gradually declined mainly due to the repercussions of the Corona epidemic.
In 2019, it amounted to about $8.2 billion, and in 2020 it amounted to $1.9 billion.
China is also - according to the author - a more responsible, transparent and reliable partner, unlike Western financial institutions that consume all of Africa's bounties.
Olshansky considered that it was Chinese funding that contributed to the prosperity of infrastructure in many African countries, and that Beijing was a lifeline for many countries that had survived wars or coups.
He reviewed some of the countries that China has supported, such as Angola, to which Beijing has provided infrastructure loans since the end of the civil war in 2002 at a value of 42 billion dollars, and in the Republic of the Congo, China has paid 4.1 billion dollars for 18 infrastructure projects as well.
China also became Kenya's largest creditor, with a total debt of $6.8 billion, and Zambia also turned to Beijing for help when the country needed money to modernize.
This policy opened the door for the Chinese economy to gain access to Zambian natural resources, especially copper, gold and manganese.
Olshansky says that the Americans are unable to compete with Chinese projects in Africa, and he believes that Beijing - unlike Western creditors - is showing a prudent financial policy.
It does not want to be the cause of the debt crisis in Africa, and therefore remains wary of the West's domination of the international financial institutions that plunged Africa into the abyss of neo-colonialism.
He pointed out that the West tried to influence the relationship of African countries with China by accusing Beijing of being the cause of the debt crisis, while the experts of the "Chatham House" Institute say the opposite and see that the debt disaster in Angola or Kenya is due primarily to internal management problems, so it was unable to Governments to assess the commercial value of their projects.
He pointed out that Western propaganda exaggerates China's failures and deliberately conceals its successes.