From down to top, we will discuss about top 10 most indebted African countries to China. Without time wasting the list will be provided to you in this post.
MOST INDEBTED AFRICAN COUNTRIES TO CHINA: 10 and 9.
DR CONGO – 3.4 BILLION DOLLAR
Due to extensive forest lands, crisscrossing rivers, vast geography and low population density, the country faces the most daunting infrastructure challenge on the continent of Africa.
With the return of peace in the region, there has been improvements.
Meanwhile, urgent infrastructure is to increase the generation of power.
Subsequently, the country recently embarked on grading road construction. Furthermore, First African country to exchange mineral resources for loans
GHANA – 3.5 BILLION DOLLAR
A West African country not far from Nigeria. Its location provides a standard advantage for infrastructural development. Similarly, Ghana is setting a goal to providing enough scale of productivity, vast private sectors in operation and job creation in place.
MOST INDEBTED AFRICAN COUNTRIES TO CHINA: 8 and 7.
NIGERIA – 4.8 BILLION DOLLAR
Popularly known as the giant of Africa, Nigeria has advanced road, power supply, rail and several information & communication technology sectors.
It was the fastest growing economy in Africa, but currently facing economic hardship due to unbalance sharing of national budget.
Nigeria accepted Chinese Yuan as its reserved currency.
CAMEROON – 5.5 BILLION DOLLAR
A French-speaking African country, it has a poor scale of infrastructure that causes a retard economic growth in place.
Probably,China agreed to cancel part of Cameroon’s debt. Hence, it has an aim of improving its economic growth. Cameroon aim to strategize its agriculture, national roadway, telecommunication, solar energy and inclusive cities development project.
MOST INDEBTED AFRICAN COUNTRIES TO CHINA: 6 and 5.
ZAMBIA – 6 BILLION DOLLAR
Currently facing huge challenges, Zambia aim to anchor its full support in constructions of roads, hydropower stations, diversification of energy sectors, and modernization of airports.
Currently, China dominates the Zambian discourse after pumping millions of dollar into Zambian economy.
The country explored debt/asset swap. In addition, the country might be at the high risk of debt distress.
NORTH SUDAN – 6.4 BILLION DOLLAR
The country’s population is scattered with only few significant growth noticed. Consequently, Its main challenge in increasing its infrastructure is mainly in waters resources and transport systems.
Certainly, other solution to the country’s infrastructural development is to encourage private-public partnership. Likewise, There is an undergoing process of written off country’s debt by China.
MOST INDEBTED AFRICAN COUNTRIES TO CHINA: 4 and 3.
REPUBLIC OF CONGO – 7.3 BILLION DOLLAR
The country has been playing a role in addressing its building capacity issues through public private partnership. As a result, this process will play a vital role in enhancing infrastructure services. Subsequently, it has been states that corruption played a role in the country’s debt issues.
KENYA – 7.9 BILLION DOLLAR
In 2016, Kenya marked the country with the greatest number of larger infrastructure in the whole east African region. While, the country has an extensive road network. There has been a deterioration in Kenya Railways services. Kenya’s main seaport is port of Mombasa serving a major role.
Even more, Kenya took the loan to finance infrastructure. Subsequently, corruption played its game in effects.
MOST INDEBTED AFRICAN COUNTRIES TO CHINA: 2 and 1.
ETHIOPIA – 13.5 BILLION DOLLAR
Seems like, Ethiopia’s infrastructure leading mark is in the development of Ethiopian airlines. Even more, The country has a strong power generation. In contrast, it has shipping lines that provide logistic services.
ANGOLA – 25 BILLION DOLLAR
Lost oil in repayment to debt despite being the second oil producer in Africa. Another, the country is having a problem in transportation network. Most noteworthy, lots of its paved road networks need repair. For the country’s economic development to be in full pace, road, railway and bridge are fundamental factors.