Follow CGSP on Social Media

Listen to the CGSP Podcast

An Update on Chinese Lending in Africa (It’s Not Good News)

This week’s launch of the new Lagos to Ibadan Standard Gauge Railway may be the last time for a long while that a big multibillion dollars infrastructure project like this is built in Africa using Chinese loans. Chinese development finance lending in Africa and elsewhere throughout the Global South has cratered in recent years and it appears that Beijing has, at least for now, lost interest in loaning vast sums of money to poor countries to build infrastructure.

To be sure, Chinese creditors are still making loans, just that they’re a lot smaller, less risky, and demand air-tight feasibility studies that almost guarantee they’ll get their money back.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.