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Chinese companies called to invest more in Africa's green and digital sectors

By Li Jing | chinadaily.com.cn | Updated: 2026-10-23 16:31
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Chinese companies should expand investment in Africa's green and digital industries and maintain a long-term commitment to the continent, the China-Africa Business Council said in a report released on Thursday.

The annual report, titled Chinese Investment in Africa 2026: Unlocking New Growth Drivers and Practicing Long-termism, was launched in Beijing. It also urged private Chinese companies to make better use of zero-tariff opportunities.

China-Africa trade hit a record $348.05 billion in 2025 and has grown 22.3 percent year-on-year in US dollar terms in the first nine months of this year, the General Administration of Customs said.

On May 1, China expanded its zero-tariff treatment to all 53 African countries with which it has diplomatic relations, providing fresh momentum for bilateral trade and economic cooperation and creating new opportunities for deeper financial ties.

Wu Yanming, the council's chairman, said China-Africa investment partnerships were broadening in scope, while Chinese companies were placing greater emphasis on the long-term value of their investments on the continent.

Supportive policies were needed to help businesses realize the benefits of market opening, Wu said at the launch.

The report examines changes in China-Africa investment ties, the opportunities offered by zero tariffs and closer cooperation across industrial supply chains, new drivers of investment, and sustainable business practices.

Published annually since 2021, the report draws on trade and investment data and corporate case studies to guide Chinese investors and offer recommendations to support Africa's sustainable development.

The report series has been included in the Forum on China-Africa Cooperation's Dakar Action Plan for 2022-2024 and Beijing Action Plan for 2025-2027.

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