Category: Finance
China to Challenge Facebook’s Libra With Its Own Cryptocurrency and Africa Could be Huge Potential Market
A quick follow-up from the story we shared yesterday about how the dominance of Chinese mobile phone companies in Africa could create a "walled garden" that would exclude Facebook's proposed cryptocurrency Libra. Now, CNBC reports that the Chinese government is expediting the development of ...
2019 Oxford Economics Africa Risk-Reward Index
Oxford Economics' annual African investment risk assessment report is a useful companion with the EY Attractiveness report to evaluate foreign investment trends in Africa, albeit not specifically focused on China. Three Recommendations From This Year's Risk-Reward Index:
Financing the Future of the Belt and Road Initiative in Africa
The London-based think tank Overseas Development Institute convened a panel discussion this week to explore how China plans to finance future development along its Belt and Road Initiative (BRI). This discussion is particularly timely given that a slowing economy back home is being credited for
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 ...
The U.S. Wants to Challenge China’s Dominance in Lending to Developing Countries. Here’s How They Plan To Do It.
U.S. president Donald Trump signed the Better Utilization of Investments Leading to Development, also known as the BUILD Act, into law on October 5th, creating a powerful new development finance organization that is aimed at challenging China’s dominance in lending to developing countries. The ...
The China Economy: What Lessons for Africa?
When African policymakers scan the globe in search of inspiration on how to structure their economies, that search often leads to Beijing. Not surprisingly, African leaders look at what China has done over the past 30 years ...
The BRICS Bank: China's Drive To Shake Up Development Finance
Brazil, Russia, India, China and South Africa (aka the 'BRICS') are moving forward with an ambitious plan to shake up the clubby world of development finance. The new BRICS bank announced over the summer 2014 is expected to have a profound impact on the ...