China has already disbursed more than 45 billion USD in 22 years of partnership with Angola.

Angola is China's largest economic partner and debtor in Africa, with a total of 258 projects already financed.

A report by the Center for Global Development Policy at Boston University reveals that China has already lent a total of 45 billion dollars to the Angolan economy from 2000 to 2022.

According to that body, in these 22 years, the Asian country's investment in the national economy is estimated at approximately 41 billion and 40 billion KZ. The loans and financing were directed to 258 projects, focused on the energy and transport sectors.

The energy sector has allocated a total of US$26 billion in 37 loans, equivalent to KZ 23 billion and 712 billion, but the largest number of loans comes from the transport sector, with US$6.2 billion (KZ 5 billion and 473 billion) channelled to 67 projects.

Angola is also the largest recipient of Chinese financing, followed by Ethiopia, with US$14.1 billion (KZ 12 billion and 768 billion), and Kenya, with US$9.7 billion (KZ 8 billion and 214 billion) since the beginning of the century.

At continental level, the Asian giant has lent US$170 billion (KZ 155 billion and 40 billion) to 1,243 initiatives. Of this total, almost US$60 billion (KZ54 billion and 720 billion) went to energy projects and almost US$50 billion (KZ45 billion and 600 billion) went to transport projects.

While still the continent’s largest partner, Chinese financing to African countries fell to less than US$1 billion (KZ91 billion and 200 million) in 2022, the latest year for which data is compiled, representing the lowest amount in almost two decades.

Since the peak of US$28.5 billion (KZ22 trillion and 804 billion) reached in 2016, in 2021 China made only seven loans worth US$1.22 billion (KZ932.64 billion), and in 2022 the value fell to US$994 million (KZ906 trillion and 528 million), with only nine financings, thus reaching the lowest level since 2004.