Africa's Debt to China: A Surprising Twist

China has become a major creditor for many African nations, funding infrastructure projects and driving economic growth. This financial relationship has drawn both praise and concern, with some worrying about debt sustainability. A recent ranking of African countries with the highest debt to China reveals some unexpected results.

While many might assume that Africa's most populous nation, Nigeria, would top the list, that's not the case. Nigeria, known for its significant economic influence on the continent, occupies the 5th position. This might come as a surprise, considering its economic output and population size.

So, which country holds the largest debt burden? The answer is Angola. This oil-rich nation has received substantial Chinese loans, primarily tied to its energy sector. The reliance on this single commodity has made Angola particularly vulnerable to fluctuations in global oil prices, impacting its ability to repay its debts.

Here's the full list, showcasing the surprising reality of African debt to China:

1. Angola

2. Ethiopia

3. Zambia

4. Kenya

5. Nigeria

6. Cameroon

7. Sudan

8. Ghana

9. Egypt

10. Republic of Congo

11. South Africa

12. Uganda

13. Mozambique

14. DR. Congo

15. Tanzania

16. Cote d'Ivoire

17. Djibouti

18. Senegal

This list highlights the diverse nature of Chinese lending across Africa. While countries like Angola have borrowed heavily, others like Senegal have a relatively smaller debt. The reasons for borrowing vary, from large-scale infrastructure projects to bolstering specific sectors of the economy. It's also worth noting the presence of major economies like South Africa on the list, indicating the widespread nature of this financial relationship.

Posted on: Fri May 16 2025 Back to posts