Chinese foreign direct investment in Africa increased by 8% in 2020 compared to the previous year, from $2.7 billion to $2.96 billion. Including the 2020 investments, the total Chinese FDI on the continent amounts to $47.4 billion, according to data in a new report published by the China Africa Business Council (CABC).
But the distribution of Chinese investment on the continent remains highly unequal with just 12 countries, mostly resource-rich states, accounting for two-thirds of all FDI in Africa. South Africa tops the list with $6.5 billion, or 14% of the total, followed by the Democratic Republic of the Congo with $5.8 billion and $3.4 billion in Zambia, according to the CABC report.
Lead the Conversation on China
Subscribe Today to Get Full Access to The China-Global South Project
The China-Global South Daily Brief delivered to your inbox at 6AM Washington time
Full access to exclusive news and analysis from editors based in the Global South
Transcripts of CGSP’s twice-weekly podcasts