South Africa led Africa with $6.25bn of Chinese FDI stock in 2024, over 14% of the continent's total

Key Takeaways

  • South Africa held the largest Chinese FDI stock in Africa at $6.25 billion in 2024.
  • South Africa, DR Congo and Nigeria held 30% of Africa’s Chinese FDI stock.
  • The top 10 countries accounted for 64% of the continent’s total Chinese FDI stock.
  • Niger led the remaining top 10 countries with $2.45 billion, followed by Mozambique at $2.28 billion.

South Africa's $6.25 billion of Chinese FDI stock at the end of 2024 was larger than DR Congo's $4.27 billion and Nigeria's $2.72 billion, and together those three held about 30% of the continent's $43.80 billion.

The top ten countries accounted for about 64%, so Chinese investment was concentrated in a few markets: Niger ($2.45 billion), Mozambique ($2.28 billion), Angola ($2.13 billion), Mauritius ($2.11 billion), Ethiopia ($2.04 billion), Kenya ($1.91 billion) and Algeria ($1.86 billion) made up the rest of the top ten.

Source:

CARI, Johns Hopkins SAIS

Period:

2024
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