Category: Investment
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 ...
India Exim Bank CEO: “Why Do We Have to Take on the Chinese” in Africa?
The head of India's Export-Import Bank brushed away concerns that India is being outdone in Africa and rejected the whole notion that somehow the two Asian giants must compete with one another on the continent.
China Emerges as Key Theme in Discussion on How to Create Jobs in Nigeria
The NewThink podcast is a new show hosted by two of Washington's most well-known Africa analysts, Aubrey Hruby from the Atlantic Council and Former Liberian Public Works Minister and current fellow at the Center for Global Development, Gyude Moore. In this episode that focuses on how ...
The Rise of Chinese Private Sector Investment in Africa
Chinese investors have been wary of the African market. For a long time, China's cash-rich venture capital, private equity, and corporate investors have preferred the stability in the U.S. or the cultural familiarity in Southeast Asia's markets. Africa, in their view, ...
“We’ve Been Waiting for China to Go All-in in African Digital in Full.”
The Bloomberg BusinessWeek Podcast featured an interview in their weekly show with TechCrunch journalist Jake Bright who's broken of the deal news around the recent spate of Chinese venture capital investments in African start-ups. The discussion with Bright that focuses on ...
Chinese Investors Have a Palpable Sense of Optimism About the African Market That Most Others Just Don’t Seem to Share
Atlantic Council Senior Fellow Aubrey Hruby shared her views about this weekend's "Netpreneur" competition organized by the Jack Ma Foundation in Accra, Ghana where she picked up on the same sense of optimism and excitement about the African market that Chinese investors seem ...
Latest $120 Million Series B Round for Opay Proves Chinese Investors Have Made an “Unmistakable Pivot to African Tech”
The pace of Chinese investment in Africa's tech sector appears to be heating up anew with a $120 million second funding round, also known as a Series B, for the Nigeria-based fintech company OPay. What's interesting here is that some of China's largest tech players, including the ...
OPay and PalmPay: Two Chinese-Backed Investments Battle it Out in Africa’s Rapidly Growing Mobile Payment Market
Nairobi-based Malawian tech entrepreneur Wiza Jalakasi offers his take on the Opay vs. PalPay duel that is emerging. Follow Wiza on Twitter at @wizaj and find out more about his portfolio on his personal website at wiza.jalaka.si.
Q&A: Chinese Venture Capital Firms Are Now Starting to Invest in African Start-Ups
Now that it's becoming more difficult for Chinese venture capital (VC) firms to invest in the United States where their money is increasingly regarded as "toxic," these investors are now looking farther afield for new opportunities and that's bringing them all the way to Africa. Evidence ...
Chinese Firm Dismisses Tanzania’s Claims on Stalled $10 Billion Port as “Not True”
China’s largest port operator accused the Tanzanian government of spreading “false information” and misguiding the public about the cause of stalled negotiations over the $10 billion Bagamoyo port development it is backing in the country. China Merchants Holdings International (CMHI) has ...