Follow CGSP on Social Media

Listen to the CGSP Podcast

The Future of Chinese Infrastructure Finance in Africa

Nigerian Transportation Minister Rotimi Amaechi acknowledged this week that he will no longer rely on China to fund two major railways and will have now have to look elsewhere for the money. The minister’s comments shouldn’t come as a big surprise, though, given the plunge in overseas development lending by China’s two major policy banks in recent years.

China is now largely out of the business of loaning large amounts of money to build major infrastructure projects in Africa and is instead focusing on smaller, more targeted initiatives in the health, digital, power and green energy sectors that have clearer path to profitability.

  • 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.