From what I can tell it mostly is. Most countries are run by totally corrupt governments or worse by dictators. Even South Africa has back slid into a racial morass. The Northern part is in chaos for the most part - thanks to Islamic radicals and Obama’s efforts. The Chinese are trying to strip mine the whole continent and even they are flummoxed by the apathy, stupidity and corruption. It is almost humorous if it wasn’t so sad.
I’m honestly surprised the Chinese haven’t started more or less openly annexing pieces they like.
This is why the Chinese welcomed the ouster of Mugabe, if they didn't actually make it happen. One of the first acts of the new regime was to invite the white farmers to return to their farms. Rhodesia was the breadbasket of southern Africa, Zimbabwe is a shithole. The Chinese need the white guys to run things and provide a stable food source for the workers who are going to dig up every mineral they can as feedstock for Chinese factories.