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Ethio Telecom Launches New Huawei-Powered Mobile Money Service

Ethiopian Prime Minister Abiy Ahmed oversaw the launch this week of Ethio Telecom's new mobile money service "Tele- Birr" which will be powered by technology from Chinese telecom equipment giant Huawei. Ethiopian officials have high expectations for Tele-Birr's future ...

Huawei Mobile Money is Quietly Becoming an Important Fintech Engine For Emerging Market Payment Platforms

Most of the discussion about Huawei in places like Africa or the Americas centers on the company's 5G technology that officials in the U.S., Europe, and some Asian countries believe presents a security threat. But the Shenzhen-based company isn't generating $137 billion in annual ...

China’s Transsion Holds Firm to the Top Spot in Africa’s Smartphone Market

Transsion's dominance of the African mobile phone market remains fully intact despite last year's major economic disruption brought on by the pandemic, according to new data released by the research firm IDC. Transsion's suite of brands (Tecno, Infinix, and Itel) has a commanding 48.2% ...

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 ...

Analysis from Cobus van Staden

Reading the Smoke

As things slowly settle down in South Africa after the last ruinous week, the debates about who’s really to blame are catching fire. It’s now being called an insurrection attempt, and President Ramaphosa has referred to those responsible for fueling the protests as ‘enemies of democracy.’ One of the problems underlying the current crisis is that he’s both right and wrong. South Africa is indeed, as Ramaphosa called it, a ‘hard-fought-for democracy.’ ...

“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.

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 ...
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