China’s extensive investment in Africa is prominently showcased on the banknotes of several African countries, reflecting their significant infrastructure contributions. Here’s a look at the African nations that have highlighted Chinese-funded projects on their currencies:
- Madagascar
- 20,000 Ariary: Chinese Hybrid Rice
- Malawi
- 200 Kwacha: Parliament Building
- 2000 Kwacha: University of Science and Technology
- DR Congo
- 500 Francs: Kinsuka Bridge
- Guinea
- 20,000 G Francs: Keleta Hydro Station
- 5000 G Francs: Hydropower Station
- Morocco
- 20 Dirhams: Mohammed VI Bridge
- Sudan
- 100 Pounds: Merowe, Roseires, Upper Atbara Dams
- Algeria
- 500 Dinars: Alcomsat-1 Satellite
- 1000 Dinars: Great Mosque
- Egypt
- 50 Piastres: CBD Building
These banknotes feature various projects, from rice paddies and hydroelectric stations to bridges and educational buildings. This reflects the substantial impact of Chinese investments on Africa’s infrastructure development.
China’s “Going Out Policy,” initiated in the late 1990s, aimed to enhance its global economic presence by investing abroad, particularly in Africa. The Forum on China-Africa Cooperation (FOCAC) has further cemented this strategic partnership, with China now being Africa’s largest trading partner. The recent FOCAC 2024 highlighted these achievements and announced a new pledge of $50.7 billion in support of African infrastructure projects and job creation.