Thursday, March 7, 2019

Chinese Energy Financing in Africa

Boston University's Global Development Policy Center published in February 2019 a report titled "Global Risks and Investment Uncertainty: Chinese Global Energy Finance in 2018" by Xinyue Ma, Kevin P. Gallagher, and Xintong Bu.

The report notes that of China's global energy financing between 2008 and 2012, Africa received on average 7 percent of the total. Between 2013 and 2017, this percentage increased to 20 percent annually. In 2018, Africa received almost $4.8 billion of a global total of $8.6 billion or about 55 percent. Chinese energy loans to Africa in 2018 were used primarily for coal and hydropower power generation.