Category: Business
Meet Wang Yao, Entrepreneur, Vlogger, and a Guy Who Looks Like He’s Living His Best Life in Kenya
Wang Yao 王垚 is a truly unique character who's not only built a hugely successful second-hand clothing business in Kenya but has also become a celebrity on Chinese social media platforms where he now has almost 5 million followers. Wang first came ...
Chinese Beverage Brand Gante Thinks African Basketball Fans Will Want to Buy Its “Hundred Year Old” Bottled Water
Uganda upset Nigeria on Wednesday to move on to the quarterfinals of the AfroBasket 2021 tournament in Kigali... equally interesting, though, at the game were ads for the Chinese beverage brand Ganten and its 百岁山 (Hundred Year Old) bottled water brand that were on ...
Can Africa Learn Anything From How China Runs Its State Companies?
As African countries work to rebuild their economies from the wreckage caused by the ongoing COVID pandemic, policymakers will be looking at what they can do to bolster their countries' state-owned enterprises (SOE). That may prompt them to examine China's model ...
Don’t Blame Cheap Chinese Imports For Destroying Nigeria’s Textile Industry: It’s Our Fault, Say Industry Leaders
Nigeria's once-thriving textile sector is now fast disappearing due largely to competition from Chinese imports. But don't blame the Chinese, said Mansur Ahmed, president of the Manufacturers Association of Nigeria, who puts a lot of the responsibility for the industry's demise squarely at the ...
Nigeria-Based, Chinese-Backed Mobile Money Platform OPay Raises $400 Million From Softbank-Led Round
The Nigeria-based, Chinese-owned mobile payment platform OPay closed its latest funding round with $400 million of new investment in a deal that values the company at an impressive $2 billion. This latest fundraising round marks was led by Japanese ...
Tshisekedi Keeps Promise to Re-Negotiate Foreign Mining Contracts, Launches Investigation Into China Moly
DR Congo President Félix Tshisekedi is following through with his promise to review all foreign mining contracts, mostly with Chinese companies, to evaluate whether the deals that were struck during his predecessor's tenure are equitable.
Translation: Wu Jiangtao’s Lesson For Other Chinese Entrepreneurs in Africa
Editor's Note: the following is a summary translation of an article posted on the African Research Group's (微信公众号 非洲研究小组) WeChat channel. Minor edits and slight adjustments to the translation have been done to enhance clarity. Please click here to view the original version of the article ...
New Details on Rwanda’s Huge Dried Chili Deal With China
More information is emerging about the pioneering deal announced last week to open the Chinese market to Rwandan dried chili exporters. Rwandan agribusiness entrepreneur Dieudonné ‘Diego’ Twahirwa (photo) signed a contract with the food importer Chinese GK International Enterprises to ...
A Kenyan MP Reflects On What Achieving Real “Win-Win” Ties With China Will Take
With the triennial Forum on China-Africa Cooperation Summit coming up next month in Dakar, there's growing public discussion about how African stakeholders can achieve a more equitable arrangement with China. There's a sense in many quarters, that two decades into China's ...
Report: Human Rights Abuses Cloud China’s Investment Push in The Global South
The steadily growing presence of Chinese companies in developing countries has been accompanied by an increase in social, environmental, and human rights violations that threaten Beijing's ambitions to become a "responsible great power," according to the findings in a new report published Tuesday by ...
The Growing Demand for Chinese Second-Hand Clothing in Africa
Every year, Chinese consumers discard 26 million tons of used clothing. Much of it goes into landfills, some is incinerated and others are finding their way into developing markets like Africa, where shirts emblazoned with Chinese characters are apparently becoming more fashionable.
Automakers Keen to Reduce Reliance on Cobalt-Powered EV Batteries
Rumors are buzzing within the Chinese auto industry that Tesla is trying for the first time to produce a car without a cobalt-powered battery. Tesla is reportedly considering the use of Chinese EV giant BYD's LFP (Lithium iron phosphate) Blade battery. ...
