Chinese lending to Africa dropped by nearly half to US$2.1 billion in 2024 compared with the previous year, according to a new report. The decline formed part of a decade-long trend. Lending had been on an upward trajectory since 2006 and peaked between 2012 and 2018 – a period that saw the launch of the Belt and Road Initiative – when it passed the US$10 billion mark each year. At its height in 2016, Beijing lent US$28.8 billion. But since 2020, the annual total has not crossed the US$5 billion...