…with estimates suggesting the total amount could be as high as $10 billion.
Zimbabwe is under sanctions and cannot cooperate with the IMF or the World Bank. China has eagerly filled this niche by lending and forgiving debts.
The reason is shown above. The map indicates all of China’s investments and forgiven debts in Africa. China is actively becoming the continent’s main trade and political partner. Considering that Africa is the only continent with a huge potential for development, these investments will likely pay off manifold in the future.