Day: December 10, 2019
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New Data Confirms China’s Transsion Holdings’ Near-Total Dominance of the African Phone Market
International Data Corporation released third-quarter African mobile phone market data that revealed near-total dominance by Shenzhen-based Transsion Holdings in both the smartphone and feature phone markets. Overall, African mobile phone growth remained solid with smartphone shipments up 4% in the last quarter and the total overall market-topping ...
Kenya’s Embattled SGR Suffers Major Setback as Burundi, DRC Opt for Tanzania Route to Port of Dar es Salaam
Kenyan President Uhuru Kenyatta's longheld dream of extending his $4.9 billion Chinese-financed Standard Gauge Railway across East Africa suffered a major setback this week as both Burundi and the Democratic Republic of the Congo both opted to go with Tanzania's SGR for direct access to the port ...
China’s Resources-for-Infrastructure Financing Mechanism is Evolving Into the “Sino-Africa Swap”
Decades before China embarked on countless Resource-for-Infrastructure deals in Africa, Japan pioneered the model in China as far back as the 1970s. The rapidly industrializing Japanese economy needed oil Chinese oil, minerals and other raw materials and China, one of the poorest countries at the time and ...