Category: Business

MTN chief executive Ralph Mupita told his company's shareholders on Friday that if given the chance, he'd like to resubmit a bid for an Ethiopian telecom license. MTN and its backers from the Silk Road Fund of China were outbid last ...

Uganda, like many African countries, suffers from an enormous trade deficit with China. Last year, according to UN figures, Uganda exported just $40 million worth of goods to China but imported more than $1.3 billion in return. The government in Kampala ...

South African telecom company MTN together with the state-owned Silk Road Fund of China are reportedly preparing to make another bid to secure a telecom license in Ethiopia. MTN was outbid last week by a Kenyan-Japanese consortium ...

A leading Congolese mining expert wants to dispel the notion that President Félix Tshisekedi's efforts to renegotiate foreign mining contracts is going to benefit ordinary people. "It is, of course, a first step," acknowledged Jean Pierre Okenda, a well-known expert in DRC mining issues and head of the extractive ...

China's largest mobile phone maker Oppo is targeting South Africa's youth market with a new mid-range device, the A74 5G. Oppo's announcement comes less than a week after another Chinese company, Transsion's Itel division, announced that it too is targeting a similar ...

The CEO of the world's largest cobalt mining company issued a stern warning to U.S. and European automakers that they had better get their acts together to secure supplies of this precious metal or else risk becoming dependent on China for batteries to power their electric vehicles. ...

Geely, China's largest independent automaker, launched its new Coolray SUV in Nigeria in what's become a big push by Chinese auto companies to expand their presence in Africa. The SUV category is especially popular, as evidenced by the strong performance in South ...

The Chinese-owned African mobile phone giant Transsion is targeting South Africa's youth market with the launch of the Vision1 Pro smartphone from its Itel brand -- a 6.5-inch waterproof device that costs around $120. Although Transsion's suite of brands dominates the ...

2021 has been a big year for music streaming in Africa. Global streaming giants are flocking to the African market with Swedish music streaming provider Spotify announcing a sweeping expansion to 40 new countries on the continent. As Spotify attempts to expand its reach in Africa, ...

A spirited debate is underway in Ghana over the implications of China's entrance into the global cocoa market. Various commentators, cocoa industry officials, and political leaders have all expressed concern over the past week that China will do to the cocoa market what it's done ...

Ethiopian Airlines is hoping that a new Chinese-made COVID-19 rapid testing facility at its hub in Addis Ababa will resuscitate its passenger business. The airline partnered with BGI Health Ethiopia, a subsidiary of China's biotech giant, the BGI Genomics Co, to build the new testing center at Bole ...

Tecno, for the first time, edged out Samsung to become the top smartphone brand in Africa in 2020 thanks to a steady stream of new, affordable devices backed with robust marketing budgets, according to the latest data from Counterpoint Research’s Market Monitor service.