Tanzania has suspended the construction of the $10-billion Bagamoyo port project. The project, which broke ground in 2015, would have been the largest gateway in East Africa and was a key component in China’s $900-billion Belt and Road Initiative, an ambitious transnational infrastructure building program.
Tanzanian President John Magufuli accused the Chinese project backers of presenting “exploitative and awkward” terms in exchange for financing. Chinese financiers set “tough conditions that can only be accepted by mad people,” Magufuli told local media.