Gemueva Karina
Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing
Publication Type:

ISSN 2542-0240 (Print)

DOI 10.23932/2542-0240-2018-11-5-55-73

Chinese companies are actively involved in building infrastructure facilities in sub-Saharan Africa (SSA), with a substantial part of the projects funded by Chinese banks. According to some estimates, more than 60% of all Chinese loans granted to the SSA countries from 2000 to 2015 were provided to this end. Vast majority of the projects are carried out by the state-owned enterprises (SOEs). Their main advantages are the opportunity to obtain concessionary financing for the project, a special Chinese model of financing, a government support of activities serving the national strategic goals and the expertise gained from the implementation of similar projects in China. This combination of Chinese banks and companies is an effective tool for promoting China’s strategic economic and political interests. Meanwhile, it gives the SSA countries a unique opportunity to implement large-scale infrastructure projects necessary for further socio-economic development. China’s participation in infrastructure projects in the SSA countries began in the 1960s, and there has been a marked increase in the scale and number of projects since the first decade of the 21st century. In response to the launching “One belt, one road” initiative, the focus is shifting towards cross-border and transregional mega-projects. Chinese financing model profile described in the article comprise “tied” loans, no-political-strings-attached approach (except for the recognition of the “one China” principle), combined schemes to reduce the risk of non-repayment of loans and non-transparent transaction terms. The key areas of infrastructure development by Chinese companies in the SSA countries, i.e. energy, transport and telecommunications, are considered in detail. Particular attention is paid to the largest projects in each area. The problems arising during the implementation of Chinese infrastructure projects, as well as features of the project implementation environment on the African continent are analyzed.

Keywords: Sub-Saharan Africa | China | loan financing | energy infrastructure | transport infrastructure | telecommunications |

Russian Science Citation Index


Aleshin Alexander
Стратегия Великобритании в Африке южнее Сахары после Брекзита // Азия и Африка сегодня. 2020. № 12. С. 27-33. DOI 10.31857/S032150750012795-6.

Gemueva Karina
Comparison of Major External Actors` Strategies for the Power Sector Development in Sub-Saharan Africa. Comparative Politics Russia. 2021;12(1):49-68.

Mogilevkin Ilya
Russia in the Global Infrastructure. Optimization of Transport-Communication Policy in the Changing World Economic Environment. Moscow, IMEMO RAN, 2008.

Stefanovich Dmitry
Космическая инфраструктура первого контрсилового удара: реальность, восприятие, перспективы [Текст] / Д. В. Стефанович // Россия в глобальной политике. – 2020. – № 5 (105).

Varnavskii Vladimir
Концессии в транспортной инфраструктуре: теория, практика, перспективы. М., ИМЭМО РАН, 2002, 147 с.

Dmitriev Sergey
United States: the claim for world leadership in hydrocarbon energy

Dmitriev Sergey
Electric Cars – "Pipe Dream" of B. Obama or Investment in the Future?

Grigoriev Mikhail
Инвестиционные проекты и транспортная инфраструктура арктической зоны Российской Федерации // Научные труды Вольного экономического общества России. 2021. Т. 228, № 2. С. 265-282. DOI 10.38197/2072-2060-2021-228-2-265-282.

Trofimova Olga , Shchedrin Alexander
Economic priorities of Russia and Sub-Sharan Africa relations

Mogilevkin Ilya
Глобальная инфраструктура: механизм движения в будущее. М., Магистр, 2010, 317 с.

Nikulin Kirill
Российское присутствие на рынках Центральной и Восточной Африки (на примере Республики Конго и Республики Кении) // Восток. Афро-азиатские общества: история и современность = Vostok (Oriens). 2020. № 5. С. 106-118. DOI 10.31857/S086919080011730-0.

Varnavskii Vladimir
Глобальная транспортно-логистическая инфраструктура // Вестник Российской академии наук. 2021. Т. 91, № 2. С. 157-166. DOI 10.31857/S0869587321020110.

Volodin Andrey
Поучительный анализ [Электронный ресурс] / А.Г. Володин // Мир и политика. – 2011. – № 7 (58). – С. 84-88

Migration in Developing Countries of Asia and Africa: Government Regulation Experience. Moscow, IMEMO RAN, 2010

Gemueva Karina
Chinese Export to the African Countries: Links with Chinese Energy Projects. Outlines of global transformations: politics, economics, law. 2021;14(2):145-163. (In Russ.)

Миграционные процессы в развивающихся странах Азии и Африки (основные проблемы, попытки решения). Отв. ред. к.э.н. А. А. Рогожин. М., ИМЭМО РАН, 2008, 86 с.

Kondrat’ev Vladimir
Infrastructure as a Factor of Economic Growth.

Dmitriev Sergey
Modernization of US Infrastructure – “Washington Fantasy" or Rational Imperative?

Volodina M.
Competition of External Players for Transport and Logistics Projects in Western and North Africa (on the Example of Sea Ports. Comparative Politics Russia. 2021;12(1):34-48.

Zhukova Tatiana
Модель промышленного роста Испании 1950–1991 гг., основанная на банковских кредитах [Текст] / Т. В. Жукова // Банковские услуги. – 2018. – № 3. – С. 26-36.
Related publications

Comments (0)

No comments

Add comment

First news
Institute News

A meeting of the Academic council of IMEMO was hold at the Academician N.N. Inozemtsev conference hall.



The next issue of the MEMO Journal (No. 7 for 2024) opens with the topical rubric "Security Problems in the Modern World", which features articles by A. Arbatov "The Bearing Structure of Global Security" and A. Krivopalov "The Southern Flank of U.S. Deployment in Eastern Europe".


Recently Published