China and the loans

China maintains economic relations with almost all African countries and grants loans to numerous countries on the continent. Particularly close partnerships exist in the context of infrastructure projects, commodity exports, and trade. 794 The recipients of Chinese loans include: Angola: With approximately USD 20 billion, Angola is one of China's largest borrowers in Africa. 46 Ethiopia: Ethiopia received approximately EUR 12 billion in loans, making it the second-largest recipient of Chinese funds on the continent. 6 Kenya: Kenya has also received several billion US dollars in loans from China, which has a significant impact on its national debt. 4 Other countries: Countries such as Tanzania, Zambia, Nigeria, Congo (DRC), Sudan, and many others also benefit from Chinese investments and loans, particularly for infrastructure projects such as railways, roads, ports, and power plants. 297 China is the most important sovereign creditor for more than half of all African countries and has lent approximately $170 billion to African governments and institutions since 2000. 479 Only a few African countries, such as Burkina Faso, Eswatini, and São Tomé and Príncipe, do not maintain diplomatic relations with China, but recognize Taiwan. 7 Economic cooperation exists with all other African states.