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The Chinese Mobile Phone Company That Dominates in Africa is Now Worth $4 billion

The Shenzhen-based parent company of the hugely popular Tecno brand of phones in Africa went public this week and raised $395 million dollars in an initial public offering on Shanghai's brand new NASDAQ-like tech-focused stock exchange. Transsion Holdings sold 80 million ...

What African Banks Can Learn from Chinese Fintechs

In 2017, mobile technologies and services generated 7.1% of GDP across Sub-Saharan Africa, and Mckinsey found a sharp rise in the number of mobile financial services such as peer-2-peer borrowing, group savings and micro-loans among others. ...

China, Africa and the PRC's Massive New Development Bank

57 countries including two from Africa, are among the founding members of China's new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank's primary objective will be develop infrastructure projects in Asia, as its name suggests, there is widespread anticipation (mixed ...
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