Could China help make Africa a factory for the world?

中国人非洲疯狂建厂

Economist

2026-05-01

9 分钟
PDF

单集文稿 ...

  • A decade ago Jua Power, a family-owned solar-energy firm,

  • had little reason to leave China in search of customers.

  • With the country in the midst of a green-energy boom,

  • "we had plenty of orders domestically," recalls Xu Bo, its chief executive.

  • But as China's economy has slowed

  • and profits in its solar industry have fallen, Mr Xu's calculus has shifted.

  • In March 2025 he decided to build a factory in Tatu City,

  • a special economic zone (SEZ) in Kenya.

  • It is the firm's first direct overseas investment in its nearly six-decade history.

  • Jua Power joins a growing wave of Chinese manufacturers

  • who have recently landed in Kenya and other parts of Africa.

  • In 2025 Chinese foreign direct investment in manufacturing in Africa surged to $12.3bn,

  • spread across 64 new projects—the highest number in a single year in at least a decade,

  • according to fDi Markets, a data provider.

  • (Total capital expenditure announced in 2023 was $24.6bn, but spread across 35 projects.)

  • Between 2023 and 2025 China invested more than America and Europe put together.

  • Never before has Africa been so attractive to Chinese manufacturers,

  • says John Mwendwa, the head of Kenya's investment authority.

  • Not all planned projects will come to fruition.

  • But at a time when Chinese lending to Africa is shrinking,