NBE Blog

Debt-trap ‘diplomacy’ is Colonialism 2.0

By Tesfu Telahoun Abebe – Old style colonialism went something like this: European covets a territory and makes acquaintances with the indigenous people, lubricating contacts by presenting manufactured trinkets like mirrors, spinning tops and beads. He gathers information on the local customs, tribal structures, long standing enmities among the region’s communities and other useful details.