Africa topped China’s Belt and Road investments in the first half of 2025, reaching $39 billion, according to a new report.
The investments were driven by private sector companies including East Hope Group, Xinfa Group, and Longi Green Energy, found a report by Fudan University’s Green Finance & Development Center and the Griffith Asia Institute.
Oil and gas spending surged to a record high of about $44 billion — higher than in all of 2024 — particularly through construction contracts with processing facilities in Nigeria.
Green energy investment also reached new records, the report found, with $9.7 billion spent on wind, solar, and waste-to-energy projects. China also continued to invest in coal-related activities through the construction of coal mine infrastructure.
