A cargo train in 2017 rode from the port containers depot in Mombasa, Kenya, on a Chinese-backed railway costing nearly US$3.3 billion. Such Chinese investments have dropped sharply in the years since, a new report notes. Photo: AP A cargo train in 2017 rode from the port containers depot in Mombasa, Kenya, on a Chinese-backed railway costing nearly US$3.3 billion. Such Chinese investments have dropped sharply in the years since, a new report notes. Photo: AP
A cargo train in 2017 rode from the port containers depot in Mombasa, Kenya, on a Chinese-backed railway costing nearly US$3.3 billion. Such Chinese investments have dropped sharply in the years since, a new report notes. Photo: AP

China’s loans to Sub-Saharan Africa projects rose a bit last year, report finds

  • Chinese lenders advanced US$3.3 billion in 2020, a slight increase from 2019’s US$2.2 billion, according to Baker McKenzie
  • Lending is still sharply down from 2017, when Chinese banks lent US$11 billion to African infrastructure projects

Topic |   China-Africa relations
A cargo train in 2017 rode from the port containers depot in Mombasa, Kenya, on a Chinese-backed railway costing nearly US$3.3 billion. Such Chinese investments have dropped sharply in the years since, a new report notes. Photo: AP A cargo train in 2017 rode from the port containers depot in Mombasa, Kenya, on a Chinese-backed railway costing nearly US$3.3 billion. Such Chinese investments have dropped sharply in the years since, a new report notes. Photo: AP
A cargo train in 2017 rode from the port containers depot in Mombasa, Kenya, on a Chinese-backed railway costing nearly US$3.3 billion. Such Chinese investments have dropped sharply in the years since, a new report notes. Photo: AP
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