Over the years, China has become one of the biggest African trade partners. The Chinese have invested billions of dollars into the African continent in form of debts given to these countries.
Below is a list of the top ten African countries with the largest Chinese debt:

1. Angola
Angola is the most indebted African country to China. It has an estimated debt of over US$25 billion. Shocking, but that’s the reality at hand. Most of Angolan oil is going towards the repayment of Chinese debts, despite Angola being the second largest producer of oil in Africa.

2. Ethiopia
All those Chinese infrastructural development projects in the East African country are coming at a heavy price. Ethiopia has an estimated debt of US$13.5 billion. The debt levels have slowed down some projects due to repayment issues, but there is now a new structure for these debts that makes it a little bit affordable for Ethiopia to repay.

3. Kenya
Even after the discovery of oil in the northern part of the country, nothing in essence is working towards cutting down the levels of debt to China. Kenya has an estimated debt of US$7.9 billion. The country has been taking money to facilitate the fruition of its infrastructural projects. But as lack of transparency and accountability come into play, a lot of money has been lost to corruption.

4. The Republic of Congo
Congo, which may be popularly known as Congo-Brazzaville, has an estimated debt of US$7.3 billion. Again, corruption has played a major role in ballooning the debt to such egregious levels.

5. North Sudan
The conflict-torn country has an estimated debt of over US$6.4 billion. Although China has written off the country’s debt incurred in 2015, it still has a long way to go.

6. Zambia
Zambia is increasingly getting mired in the tentacles of Chinese debt. The Chinese have sponsored a lot of projects in the country. The country has an estimated debt of US$6 billion. China is taking Zambian firms as part of repayment plans, and there were reports that ZESCO, the national power utility, was being taken over by China, even ZNBC, the country’s national broadcaster.

7. Cameroon
Cameroon has an estimated debt of US$5.5 billion. However, it was recently revealed that China was in talks to cancel part of the country’s debt. But with China, nothing is so certain.

8. Nigeria
The West African country has an estimated debt of US$4.8 billion. Nigeria has accepted the Chinese yuan as a reserve currency.

9. Ghana
Ghana stands at number 9 with an estimated debt of US$3.5 billion. The country’s opposition has involved the IMF to help look into the country’s debt

10. The Democratic Republic of Congo (DRC)
The DRC could easily be one of the richest countries in the world considering how it is abundantly endowed with precious natural resources and minerals. However, plundering of these resources has set the country back, including unending conflict. It has an estimated debt of US$3.4 billion. DRC was quick to exchange mineral resources for loans with China.



https://www.smokedscreen.com/2019/02/10-african-countries-with-the-highest-debt-to-china/

Angola I can understand. They had a civil war from 1975 to 2003 or thereabout. 28 years civil conflict and the devastation it brings is not a joke.

The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

Thank God Nigeria is not one of them

Well at least we are not the number 1

Nigeria owes China $4.8bn, meanwhile total investment inflow into Nigeria in 2018 excluding Treasury bills and bonds sales which is debt is $4.7bn.

Moreover this is excluding the $10.5bn borrowed via treasury bill/bonds sales, which would be paid with interest at 10% interest rate on maturity.

Are you moving forward or backward?...

I knew Nigeria will be among. Surprised sha that we are not number 1. We try sha.

You can see the ethiopias debt in the infrastructures

This is crazy,I mean crazyines

the op is trying to justify buhari loan. there is no accountability to buhari loan

Chai

I always hate this concept of Afro-Asian collaboration.

VOTE PDP and take us back to where it started

VOTE APC to remain in slavely

VOTE AAC to join the fight of freedom regardless how the two rogues play their games

China and their Greek gift that can run your stomach like mad.when they give you loan they come with their labourers, workers and machine to take back their money.

Toh

The Chinese scare me.

Every sensible African narion have moved away from World bank and IMF loans.

MrRichmond:
The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

Yeah and we should be expecting their military and drone bases like their American and French counterparts.

stagger:
Angola I can understand. They had a civil war from 1975 to 2003 or thereabout. 28 years civil conflict and the devastation it brings is not a joke.

And we had corruption from 1960 to 2019 thereabout
. 59 yrs of sabotage, selfishness and the poverty it brings is painful

MrRichmond:
The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

with the senilty and dementia of the president if he his elected again ,"the cabal " might just hand him a document officially selling Nigeria to china, he will sign it without knowing .

The worse part of this is that the Asians are the worse set of racist on the face of the earth . you think Europeans were bad,wait till you meet Asians.

Those slant eyed yellow monkeys and brown savages are the crudest of them all.

I want this country to be recolonized o. E go better be that.

enemyofprogress:
Thank God Nigeria is not one of them

uncle IPOB are you blind? You must be that Cameroonian brother.

No wonder China keeps seizing their property.


Apart from Angola and Nigeria, which country on the list has what it takes to sustain the loan they’re collecting.


Population NO
Crude oil NO


So why go borrow such huge funds. People should stop comparing Nigeria to those countries we are far above them.

Wow!....Angola #1 with $25B..... hmmmm.....but $60B not enough to fix our power supply.
Why should Nigeria be owing when we have the resources they want?....why should most of the countries be owing when they have what China wants? African leaders....always signing bad contracts and the locals be shouting good development.

homealone00:
uncle IPOB are you blind? You must be that Cameroonian brother.

did you see Nigeria on the list

africa is owing just one country almost 90billion..

and they say two heads are better than one

enemyofprogress:
did you see Nigeria on the list

like for real? Did you check no. 8 ?

enemyofprogress:
Thank God Nigeria is not one of them

Demented you read, you see, and you forget everything

Other African countries uses their debt judiciously but nigerian government uses it debt to fund buhari's campaign.