China-Africa Trade, Loans, and FDI 2000-2022

 Boston University's Global Development Center posted on 1 April 2024 a report titled "China-Africa Economic Bulletin, 2024 Edition."

The paper provides useful summaries of China-Africa trade, loans, foreign direct investment, and debt from 2000 through 2022.  China's exports to Africa rose steadily throughout the period while Africa's exports to China peaked in 2012 and have been flat ever since, resulting in significant trade deficits for Africa with China.  

Chinese loans to Africa peaked in 2016 at $28 billion and subsequently fell to about $1 billion in 2021 and 2022.  Africa's debt to China was 13 percent of Africa's total external debt in 2022, which was about the same as debt owed to the World Bank and well under the 28 percent owed to bondholders.  

Djibouti: Silk Road International Bank (French and English)

The Oxford Business Group published on 26 April 2017 an article titled "Djibouti Moves to Increase Financial Inclusion."

The Silk Road International Bank (SIB) is owned by China's IZP Group, the Djiboutian government, and Silk Road E-Merchants. It has modest start up capital of $8 million. SIB is reportedly the first Chinese-funded lender to be granted a greenfield license in Africa.

External Financial Flows and Tax Revenues for Africa

The African Development Bank has just released its African Economic Outlook for 2015.  Chapter 2 titled "External Financial Flows and Tax Revenues for Africa" reports that private external flows in the form of investment and remittances now drive growth in external finance.  Foreign investments are expected to reach $73.5 billion in 2015.  Foreign direct investment is moving away from mineral resources and into consumer goods and services.  African sovereign borrowing is rocketing.  Remittances have increased six-fold since 2000 and are projected to reach $64.6 billion in 2015.  Official development assistance will decline in 2015 to $54.9 billion.