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Ghzlan Mahmoud Abdul Aziz
China has also been supporting a number of African govern-
ments economically, through providing loans as a major instrument

of growth, which is considered the second important reform of China
policy to grant importance free of charge loans and subsidized export

credits in order to support Chinese trade and investment in Africa.

And the first favorable credit plan was signed with Zimbabwe

in July 1995, and by three years China had signed additional fifty-
six treaties on favorable conditions with forty-three states, counting

twenty-three African states . These loans as a significant source of
(37)
foreign direct investment from China go to resource-rich states, like

Angola, invest in farming and develop particular trade and economic
collaboration zones in several states, including Nigeria, Ethiopia,

and Zambia (38) . These types of loans and credit are provided by the
People’s Bank of China, the China Development Bank, the Export-

Import Bank of China, and the China-Africa Development Fund.

In the period from 2000 to 2015, the Chinese government, banks
and contractors extended $94.4 billion worth of loans to African gov-

ernments and state-owned enterprises (SOEs). Angola receives the
majority of Chinese loans, with $19.2 billion in growing loans over

15 years, nearly a fifth of all Chinese loans. The top recipients of
Chinese loans were; Uganda, Kenya and Senegal .
(39)

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