Follow CAP on Social Media

Listen to the CAP Podcast

As Angola Gets Debt Relief From Its Creditors, Kenya Hopes For the Same From China

by Eric Olander

Yesterday marked the first major development we’ve seen on the debt story in Africa in quite some time. The fact that Angola was the beneficiary was significant, given its outsized position in China’s loan portfolio on the continent.

Angola alone makes up almost a third of Chinese debt stock in Africa, according to Johns Hopkins Professor Deborah Brautigam, and accounted for 41% of all the African debt service that was paid to official Chinese creditors in 2020.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More

You Might Like

CARI: Chinese Lenders Have Provided $7.6 Billion in Debt Relief Since Last Year, Mostly to Africa

Angola is the primary beneficiary of Chinese debt restructuring activities over the past year, accounting for $6.2 billion out of $7.6 billion of total relief provided by Beijing to developing countries in 2020-2021, 

China, Kenya Close to Reaching Debt Relief Deal

China and Kenya appear to be closing in on a debt restructuring arrangement just days before a major railway loan comes due. The Chinese embassy issued a vague statement on Monday that said ...

With Major Repayments to China Coming Due, Kenya’s Debt Servicing Costs Gobble Up More of the National Budget

Beginning in July, Kenya’s debt repayment will cross the psychologically important barrier of 1 trillion shillings ($9.15 billion), according to the National Treasury, prompting renewed concerns over the country’s ability to sustain ...

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

Subscribe