Category: Investment
China’s Doing More But Spending Less in Africa
China is engaged in more Belt and Road-related projects in Africa but spending far less than it is in the Middle East and South Asia, according to new data from the Washington, D.C.-based consultancy RWR Advisory. In its latest IntelTrak report ...
More African Countries Are Now Members of the AIIB But It’s Still Very Much an ASIAN Development Bank
This week's announcement that Liberia will become the newest member of the Beijing-based Asian Infrastructure Investment Bank (AIIB) highlighted the growing prominence that Africa now has in the bank. Currently, ten African states are members, with another nine waiting for their applications to be approved. ...
Transsion’s VC Fund Makes First Investment in an African Fintech Start-Up; the Chinese-owned Opera Mobile Browser Well Positioned to Capitalize on Financial Services
International interest in Africa's burgeoning fintech sector dropped considerably in the first half of the year due to the ongoing COVID-19 pandemic but now we're starting to see some of the first signs of interest from Chinese VCs and other investors.
Chinese Companies Went on a Global Buying Spree in Q1 But Just Not in Africa
The London-based analytics firm GlobalData released a new report this week that highlights how Chinese companies are looking to buy distressed assets around the world as prices slump due to the deteriorating global economy. The Chinese appear eager to ...
Professor: Who Needs “Debt Traps” When China Can Just Buy African Assets on the Cheap?
University of Notre Dame China scholar, Professor Joshua Eisenman, used this month's $221 million equity infusion by the state-owned China Harbour Engineering Company (CHEC) into the Lekki Deep Sea Port Project currently under construction at the Lagos Free Trade Zone as another point of evidence as to why ...
Did Tanzania’s President Really Cancel the Bagamoyo Port Deal with China? Probably Not.
There's widespread speculation circulating that Tanzanian President John Magufuli canceled the controversial $10 billion Bagamoyo port deal with China Merchants Holding International (CMHI). The story surfaced last week after the little-known website "Nairobi Mini Bloggers" website published a post ...
Reports of Arson Attacks Against Chinese Businesses in Nigeria and Arrest of Archbishop Protesting Treatment of Africans in Guangzhou Highlights Growing Tensions
Videos are spreading rapidly on Nigerian social media, purportedly showing hundreds of young men burning down Chinese-owned businesses and factories in the Ogun-Guangdong Free Trade Zone outside of Lagos in southwestern Nigeria. Although these videos were shot last week and posted ...
Mobolaji Adeoye: More Chinese VC Investment is on its Way to Africa in 2020
Mobolaji Adeoye, founder of Consonance Investment Managers, is a highly-regarded early-stage investor in the African start-up sector and provided his outlook for the year ahead in the VC space that attracted $1.27 billion of venture capital investment in 2019. Mobolaji Adeoye's ...
AEI: Chinese BRI Spending Plummeted in 2019
Agathe Demarais, Global Forecasting Director at the Economist Intelligence Unit, shared this compelling chart today that illustrates a dramatic drop off in Chinese investment and construction spending in 2019. She noted: Financing for BRI projects ...
So the UK Now Wants to Compete With China in Africa. Here’s What They’ll Need to Do
15 African heads of state were in London yesterday for the inaugural UK-Africa Investment Summit that was hosted by Prime Minister Boris Johnson and Prince Harry. Like so many other "Africa Summits" in Russia, Japan, Turkey, and India among other places, China, although rarely mentioned, loomed large ...
In a Bid to Challenge China, Britain Will Reallocate $500 Million of its Aid Budget to Jump Start Private Sector Investment in Africa
African leaders from 20 countries are in London today where they will take part in the UK-Africa Investment Summit. The summit, hosted by Prime Minister Boris Johnson, aims to chart a new post-Brexit course for British foreign policy on the continent that has ...
Yun Sun: Chinese Debt Fatigue in Africa Opens Opportunities for New Emerging Powers
Brookings Institution non-resident fellow Yun Sun writes today that the Chinese debt-led financing model in Africa may be starting to wear thin as a growing number of countries across the continent become increasingly concerned about repaying all those Chinese loans. "As ...