China provides $66.1 billion in energy loans to African countries

Between 2000 and 2024, China provided $66.1 billion in energy loans to African countries, solidifying energy as a primary sector for Chinese lending in Africa. This financing underscores China's strategic interest in securing energy resources and fostering economic partnerships across the continent. The loans likely support the development of oil and gas infrastructure, potentially including pipelines, refineries, and power plants, aimed at enhancing energy production and distribution capabilities within recipient nations. This deal is notable for its substantial value and the long-term commitment it represents. China's involvement as a lender reflects its broader strategy of infrastructure investment, both domestically and internationally, with a focus on modernization. For African countries, these loans represent a significant source of capital for developing their energy sectors, although they also carry implications for debt sustainability and potential resource dependence. The announcement date of February 22, 2026, suggests a forward-looking perspective on energy infrastructure development in Africa.