Chinese Investors Back Projects Worth Over $16 Billion in Africa
This step comes amid African nations' resolve to secure a larger share of earnings from natural resources.
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
7 November 2026, 1:40 pm · 1 min read
This story was written by AI from the sources listed below; every claim and number in it was checked against them before it went up. How we check
According to a South China Morning Post report, Chinese investors have backed mineral processing and manufacturing projects worth over $16 billion across Africa. This was revealed in a new report by Beijing-based consultancy Development Reimagined, highlighting Beijing's support behind resource-rich countries' campaigns to capture a larger share of natural asset earnings.
The African continent is a major international supplier of key minerals such as copper, cobalt and iron ore. According to the report, countries like the Democratic Republic of Congo, Guinea and Zimbabwe had earlier imposed bans or restrictions on mineral exports to promote local processing.
This study examined China's commitments under the action plan agreed upon after the 2024 Beijing Summit of the Forum on China-Africa Cooperation. According to the report, a total investment of $41.2 billion has been made in 32 mining, exploration and development projects across 15 countries up to June of the current year.
Failure to Administer Vitamin K Injection to Newborns Risky, Bleeding Risk Increases by 47%
Study of over 52 lakh children reveals that Vitamin K deficiency increases the risk of cerebral haemorrhage by 2.4 times.
22 killed in airstrike near Yemen's capital Sana'a
Houthis allege most of the deceased are women and children
Canada's New Immigration Plan: 2 lakh additional permanent residency opportunities from 2027 to 2029
Canada has opened new pathways for permanent residency for people already living in the country while maintaining annual targets for the next three years.