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The China-Funded Mobile Browser That’s Zeroing in on the African Market

Four years ago, Opera was most famous for Opera Mini, a simple data compression browser, gaining traction in African countries with high data costs. Today, Opera’s software holdings have developed into an interconnected nexus spanning file sharing, news, digital payments, ride hailing, food delivery and news.

Chinese Tech in Africa: What Happened to OPay & What Will Happen to Huawei?

Chinese-owned Nigerian tech company OPay started 2020 with $170 million of cash bursting from its pockets but even that much money wasn't enough to save the company from the dramatic economic downturn brought on by the COVID-19 ...

“Blitzscaling” in African Markets: Opera’s Opay Optimizes Its Operations

Recently, OPay, the Chinese-backed super app operating in Nigeria made an announcement that garnered plenty of attention. Best known for its lime-green ‘Uber for motorcycle taxis’ service, the company, which is backed by Softbank and Meituan Dianping (China’s other super ...

OPay’s Failure Prompts Reflection in Nigeria’s Tech Community

Last week's announcement by the Chinese-owned Nigerian-based e-commerce and payments company OPay to suspend four of its services (ORide, OTrade, OCar, OFood) caught a lot of people by surprise. After raising an impressive $170 million in a Series B funding round last fall from some ...

Transsion’s VC Fund Makes First Investment in an African Fintech Start-Up; the Chinese-owned Opera Mobile Browser Well Positioned to Capitalize on Financial Services

International interest in Africa's burgeoning fintech sector dropped considerably in the first half of the year due to the ongoing COVID-19 pandemic but now we're starting to see some of the first signs of interest from Chinese VCs and other investors.

Analysis from Cobus van Staden

Unpacking the Chinese Government’s New Development Vision

This weekend the Chinese government released a new white paper on development. It comes in unassuming guise – it’s basically a MS Word Doc with the workaday title of China’s International Development Cooperation in the New Era. But in its own way it’s eye-popping.If (like me) you have an irrational fetish for long lists of country names, this document is for you. The bulk of the white paper outlines the different kinds of ...

How China’s Technology Startups Are Scaling Across Africa

Computer Village in Lagos, Nigeria is a curious combination of old and new. Dirt roads are lined by hundreds of kiosks featuring the latest mobile phones and computers. Hawkers and criers call out deals at the entrance to both bric-a-brac sheet ...

Mobolaji Adeoye: More Chinese VC Investment is on its Way to Africa in 2020

Mobolaji Adeoye, founder of Consonance Investment Managers, is a highly-regarded early-stage investor in the African start-up sector and provided his outlook for the year ahead in the VC space that attracted $1.27 billion of venture capital investment in 2019. Mobolaji Adeoye's ...

2020 Will be a Big Year in the China-Africa Tech Sector

China's role in the African tech market is rapidly evolving away from just being a source of low-cost electronics to becoming the indispensable player in the continent's rapidly developing market for digital services, networking equipment and venture capital financing.

China is Rapidly Building a New Cryptocurrency That Everyone in Africa Should Know About 

Spurred on by the now flailing Facebook cryptocurrency Libra, China fast-tracked development of its own form of digital money that it initially thought would compete with the social network's but now may have vast portions of the global market to itself, particularly in Africa. ...

The Rise of Chinese Private Sector Investment in Africa

Chinese investors have been wary of the African market. For a long time, China's cash-rich venture capital, private equity, and corporate investors have preferred the stability in the U.S. or the cultural familiarity in Southeast Asia's markets. Africa, in their view, ...
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