Tag: technology
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FOCAC Is About 6 Weeks Away. Here’s What Might Be On the Agenda
With everything surrounding the upcoming Forum on China-Africa Cooperation (FOCAC) summit shrouded in secrecy and uncertainty, previewing what will happen at the Dakar event is admittedly a risky undertaking. So, these predictions are suggestive at best, given how much hearsay is swirling around the summit.
FOCAC Comes as Both China and the U.S. Are Evolving Their Africa Policies
The upcoming FOCAC summit comes at a critical time when both the United States and China are actively transitioning their engagement strategies in Africa. For the Chinese, the summit will provide an opportunity to formally lift the veil on a new set ...
Chinese Mobile Phone Brands Want to do in Latin America What They’ve Done in Africa
Chinese mobile phone makers are steadily expanding their market share in Latin America where they're now among the top three brands in some of the region's largest markets including Mexico, Peru and Chile, according to data from the telecommunications research agency Counterpoint.
Chinese EV Battery Makers Push New Cobalt-Free Power Packs
Two seemingly contradictory trends are underway in China's electric vehicle battery market. On the one hand, there's a greater push to import ever-larger quantities of cobalt from the Democratic Republic of the Congo. At the same time, there are also rapid moves to develop ...
Chinese Mobile Phone Brands Lead Africa’s Mobile Phone Market Rebound
Chinese mobile phone brands led by Shenzhen-based Transsion hold firm to their places as the unrivaled market leaders in Africa's mobile phone market, according to second-quarter data from the technology research firm IDG: - 64% of all ...
Even Amid a Pandemic, Chinese FDI in Africa Jumped Almost 10% Last Year
Chinese foreign direct investment in Africa increased by 8% in 2020 compared to the previous year, from $2.7 billion to $2.96 billion. Including the 2020 investments, the total Chinese FDI on the continent amounts to $47.4 billion, according to data in a new report published by the ...
MSA Capital is the Chinese VC Firm to Watch When it Comes to Investing in African Start-Ups
Announcing yet another early-stage Africa-focused company being backed by the Beijing-based MSA Capital is becoming a monthly ritual. African mobile money start-up PawaPay is the latest to attract MSA Capital financing as part of a $9 million seed round.
China’s Tech Lead in Africa Highlights B3W’s Biggest Problem
When Joe Biden took over from Donald Trump, many predicted that Trump’s foreign policy would soon follow him out the door. A few months down the line, it’s become clear that they agreed more frequently than expected even if their styles are very different. One example is ...
China Plans to Ramp Up Digital Engagement in Africa
The Chinese government announced new plans this week to increase engagement in Africa's tech sector by expanding partnerships in a number of areas including digital economy, smart cities, and 5G mobile communications. “China will share the achievements of digital technology with Africa to ...
New Paper Calls For the Creation of a China-Africa Digital Currency Trading Hub
With cryptocurrencies becoming more popular around the world, China is now moving quickly to establish its own digital currency as a global standard, particularly in emerging markets like Africa where the mobile payment sector is booming. Early on, Beijing outlawed the ...
Ethiopia Seeks to Follow China’s Example By Creating Its Own Social Media Apps as Alternatives to Facebook and Twitter
China's nationalist model of cyber sovereignty received another endorsement in Africa on Monday when Ethiopian officials unveiled new ambitions to "replace" U.S.-made social media and communications apps with local versions that can be regulated and censored.
Welcome to the New Era of China-Africa Relations
China's apparent decision to bail on financing the $2.8 billion AKK pipeline in Nigeria is the latest evidence that Beijing's strategy to engage the continent has changed, a lot. This pipeline is now the third major project in Nigeria ...