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From Lender to Trader: China's Africa Model Evolves Around the AfCFTA

2026-06-02

The shift reflects debt concerns, African priorities for industrialization and value addition, and the opportunities created by the African Continental Free Trade Area.

New research describes a more diverse and cautious partnership as infrastructure lending declines and direct investment remains important.

Wider zero-tariff access to the Chinese market could support African agricultural and manufactured exports, while the AfCFTA gives investors access to a larger integrated market.

The central challenge is balancing fast-growing two-way trade by strengthening African exports, regional value chains, industrial capacity, and sustainable finance.