Newsflash: China to take over JIA in 2022 over unpaid debts
China is now proposing to take over Juba International Airport in the event that the world’s youngest nation, South Sudan, fails to pay off its unsettled debts, which amount to $2.96 billion, according to an internal document obtained by Thessherald.
South Sudan has become one of the latest African countries to fall into Chinese debt-traps after Kenya, Zimbabwe, Uganda and Ethiopia.
Latest data obtained from the China-Africa Research Initiative, reveal that China currently owes more than $30.34 billion from developing countries in Africa.
In 2016, the South Sudanese government requested $1.9 billion from China to boost its developmental projects and repair key oilfields ravaged by years of conflict.
According to the World Bank, South Sudan is one of the most oil-dependent countries in the world, with oil accounting for almost the totality of exports, 90% of revenue, and more than one-third of its gross domestic product (GDP).
However, a recent study by Transparency International revealed that South Sudan is one of the most corrupt countries in the world, followed by Somalia and Yemen.