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Retired from Alibaba, Jack Ma Says He Now Wants to Develop Entrepreneurial Talent in Africa

Jack Ma, the founder of e-commerce giant Alibaba, is looking to empower entrepreneurs in Africa so that they can help drive change. “Entrepreneurs are the most important element to promote society,” said Ma, who spoke in public for the first time ...

Insiders Dismiss Rumored Cell C-China Mobile Deal

"Well-placed sources" are refuting last week's reports that South Africa's embattled #3 mobile carrier is in late-stage talks to be acquired by China Mobile. The prospect of a Chinese state-owned telecoms company buying into the South African market prompted widespread speculation ...

China Mobile Reportedly in Talks to Buy One of South Africa’s Largest Mobile Operators

Cell C has been in distress for quite some time and now there are reports that state-owned China Mobile is considering buying the embattled South African mobile operator. South African tech news site Tech Central quoted a source familiar with the negotiations who ...

Why the Next Tech Superstars Like Alibaba and Jack Ma Could Come From Africa

One afternoon, in Nairobi, the capital of Kenya, a courier of the clothing e-commerce company, Sarai Afrique Fashion House, stopped his Boda and picked up a paper bag with a company logo. Running directly to the third floor of the apartment building, ...

Chinese Company Bids to Buy One of East Africa’s Largest Cement Companies

Chinese building materials manufacturer Huaxin Cement Company is bidding to buy ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million, according to a report in Construction Kenya. The deal, still subject to regulatory approval, highlights a key trend ...

Analysis from Cobus van Staden

The Year of the Mobile Phone is Transforming China-Africa Relations

In the
history of China-Africa relations, 2019 may come to be known as the year of the
mobile phone. It was a year when phones took on an outsized commercial and
political importance. Selling its Tecno phones in Africa carried Transsion, a
relatively unknown Chinese company, to an IPO north of $4 billion. Mobile
phones dragged Africa into the fight between Huawei and the US ...

The Chinese Mobile Phone Company That Dominates in Africa is Now Worth $4 billion

The Shenzhen-based parent company of the hugely popular Tecno brand of phones in Africa went public this week and raised $395 million dollars in an initial public offering on Shanghai's brand new NASDAQ-like tech-focused stock exchange. Transsion Holdings sold 80 million ...

What African Banks Can Learn from Chinese Fintechs

In 2017, mobile technologies and services generated 7.1% of GDP across Sub-Saharan Africa, and Mckinsey found a sharp rise in the number of mobile financial services such as peer-2-peer borrowing, group savings and micro-loans among others. ...

China, Africa and the PRC's Massive New Development Bank

57 countries including two from Africa, are among the founding members of China's new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank's primary objective will be develop infrastructure projects in Asia, as its name suggests, there is widespread anticipation (mixed with some hope) the bank will ...