Category: Business

"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 ...