Category: Business

Today's Tweet by ASENIA, an African entrepreneurs association, highlights the sense of pride that a number of African delegations have about attending the ongoing China import expo that's taking place now in Shanghai. A number of African delegations and attendees have posted photos on social media that ...

The French government has urged business leaders and investors at a key summit last week to be bold about investing in Africa. Paris is banking on the potential of small to medium enterprises (SME) to catch up in the race with China. But investors are reluctant to ...

Nigeria-based Onye Nkuzi is a popular commentator on Twitter where he has more than 115,000 followers. He regularly shares his insights on African political issues and China-Africa relations. You can follow Onye ...

The two-day Ambition Africa forum that gets underway today at the Ministry of Finance in Paris is intended to inject new energy into French business ventures in Africa that have increasingly been sidelined by Chinese and other competitors on the continent.

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 ...

"Well-placed sources" are refuting last week's reports that South Africa's embattled #3 mobile carrier is in late-stage talks to be acquired by China Mobile. The prospect of a Chinese state-owned telecoms company buying into the South African market prompted widespread speculation ...

Cell C has been in distress for quite some time and now there are reports that state-owned China Mobile is considering buying the embattled South African mobile operator. South African tech news site Tech Central quoted a source familiar with the negotiations who ...

Chinese building materials manufacturer Huaxin Cement Company is bidding to buy ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million, according to a report in Construction Kenya. The deal, still subject to regulatory approval, highlights a key trend ...

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 ...

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. ...

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 ...