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Chinese Investment Plummets; Private Clean Energy Surges in Africa

6/7/2025

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Summary

Story summary

Chinese development finance in Africa has dramatically dropped by over 85% since 2015, causing public funding for energy projects to plummet to just $20 billion in 2024. However, this decline has sparked a surge in private investment, especially in clean energy, which has soared to nearly $40 billion, with solar power taking the lead.

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Story summary

Chinese development finance in Africa has dramatically dropped by over 85% since 2015, causing public funding for energy projects to plummet to just $20 billion in 2024. However, this decline has sparked a surge in private investment, especially in clean energy, which has soared to nearly $40 billion, with solar power taking the lead.