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Congo-born Chinese Siblings Raise $7.5 Million to Build Crypto-Powered Super App of Africa

The Congo-based cryptocurrency & blockchain (aka web3) start-up raised $7.5 million in seed funding. The company was founded by James Zhang and his sister, also born in the Congo, who saw the opportunity for blockchain-enabled applications in the gaming and education sectors that are becoming increasingly popular ...

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.

Nigeria-Based, Chinese-Backed Mobile Money Platform OPay Raises $400 Million From Softbank-Led Round

The Nigeria-based, Chinese-owned mobile payment platform OPay closed its latest funding round with $400 million of new investment in a deal that values the company at an impressive $2 billion. This latest fundraising round marks was led by Japanese ...

OPay Seeks to Raise $400 Million For Expansion Signaling Chinese VCs May Be Ready to Return to Africa

The Chinese-backed African fintech platform OPay is reportedly in talks with investors to raise as much as $400 million at a valuation of more than $1.5 billion, according to a report in The Information. That valuation, by the way, is three times higher than the ...

Billions of New FDI Flowing Into West Africa. Where’s the Chinese Money Going?

$1.46 billion of new foreign direct investment made its way to Nigeria in the third quarter of 2020, according to new data from the National Bureau of Statistics, but very little is coming from China. In fact, China (ex Hong Kong) wasn't among the list ...

Analysis from Cobus van Staden

BRICS Announces Numerous New Initiatives

The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...

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 ...

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 ...