China Supports 301 Infrastructure Projects Worth $357 Billion in Africa

According to a new report by British financial advisory firm Deloitte, named the ‘2015 Africa Construction Report’, China still remains “the largest source of finance for infrastructure projects in Africa.” The report showed that the Asian giant has supported a total 301 infrastructure projects across Africa in different sectors with total value of about $357 billion.

Of these projects, Southern Africa contributed the biggest share with 109 projects worth $140 billion, followed by West Africa with 79 projects values at $116 billion. East Africa, particularly Kenya and Ethiopia, are the biggest beneficiaries of mostly Chinese financed projects, with 20 and 12 upcoming infrastructure projects in just these two countries out of the 61 ongoing constructions in the region. Read more on China-Africa trade here.