Day: October 16, 2019

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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 ...

China to Challenge Facebook’s Libra With Its Own Cryptocurrency and Africa Could be Huge Potential Market

A quick follow-up from the story we shared yesterday about how the dominance of Chinese mobile phone companies in Africa could create a "walled garden" that would exclude Facebook's proposed cryptocurrency Libra. Now, CNBC reports that the Chinese government is expediting the development of ...

With 53 Million Users, Chinese-owned Boomplay Now Turns to Francophone Africa to Drive Growth

The Chinese-owned streaming music joint venture (Transsion Holdings & Netease) currently dominating the African market is now looking to grow its base of 53 million users by expanding beyond its base in anglophone West Africa into francophone countries. Boomplay's Big Plans

Fueled by Chinese Loans, Kenya’s National Debt Tops $57 Billion

Kenya's Treasury released new information about the country's rising debt load, announcing that it's about to reach Sh6 trillion ($57 billion.) Last week, Parliament approved a new, higher debt ceiling of Sh9 trillion ($87 billion) in part to accommodate 44 new loan requests to ...

Two Competing Views of the New Chinese-built Naivasha Standard Gauge Railway Line in Kenya

The Chinese-financed and constructed Standard Gauge Railway in Kenya is an extremely polarizing issue for many people in Kenya and throughout East Africa. Critics of President Uhuru Kenyatta see it as a financial boondoggle that will never pay for itself, leaving future generations to pick up the ...

Analysis from Cobus van Staden

China-Led Study Proposes Global Energy Network

A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.

The study focused on how areas with high solar and wind capacity (such as deserts) can be linked to ...