Certainly not. I would just point out that about 20 years ago, with some concerted debt relief plans, the average debt of sub-Saharan African countries was reduced by over half, which was a huge win. Regional debt started going up again a lot recently... and the rush of Chinese loans is not coincidental.
The logic behind Chinese investment is no different from the West. Pump in money, secure political support and powerful economic interests over important resources (China has of course focused on resource-rich countries). China is remarkably unbothered by the morality of who it invests in, but that means China is helping prop up a number of awesome scumbags... just like the West ever did. Where China is arguably safer is that China's ability to intervene is more limited by the fact it has no established power and influence to really screw with these places. But that ability to screw with African countries is precisely what it's buying, right now. Inasmuch as one can argue that an army amassing on the border prior to invasion is better than actually being invaded, sure, China's looking a good deal... right up until the invasion happens.