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.