M-Pesa and WeChat link up
EconomyTechnology 15th Oct 2019 0
Money transfers between China and Kenya made easier thanks to a partnership between M-Pesa and WeChat London-based fintech firm, SimbaPay, established the link between the two tech giants Millions of people in Kenya use M-Pesa, a cellphone-based service that offers money transfers, financing and microfinancing. Founded in 2007, M-Pesa... Read more
There are key lessons that can be learnt from China for sustainable growth in the agricultural industry Solutions at scale and innovation are key China offers various lessons on sustainable growth in the agricultural business. They are: Finance The long-term sustainability of agriculture relies on natural resources, which are... Read more
Chinese firms in Kenya have created around 130 000 jobs for Kenyans 50 000 local jobs created in 2018 Over 400 Chinese operated businesses in Kenya have collectively created about 130 000 jobs for local residents, according to the 2018/19 Social Responsibility Report by the Kenya China Economic and Trade Association. In... Read more
China invests $16 billion into Nigeria’s oil sector China faces dwindling oil production at home China has invested US$16 billion in Nigeria’s oil and gas industry, according to Nigeria’s state-owned National Petroleum Corporation. As Africa’s top oil producer, Nigeria produces two million barrels of oil a day, which it... Read more
Sunday 7 July saw leaders from 54 African nations meet to agree on the pan-continental free trade zone China is said to have played a part in the trade agreement The African Continental Free Trade Area, AfCFTA, is a continental free trade zone that, if successful, will connect 1.3... Read more
Strengthening of ties between Chinese and African universities China-Africa meet opens in Uganda for vocational education China and Africa are increasingly working together on educational initiatives. Scholars from various African universities recently visited institutions and cultural centres in China, where they agreed to collaborate with the Chinese on joint... Read more
Deals totalling $20.8 billion concluded at first China-Africa Economic and Trade Expo 1 600 delegates attended from 53 African countries Trade between Africa and China grew by US$20.8 billion following the first China-Africa Economic and Trade Expo held in Hunan province, China, from 27-29 June. The conference, with the theme... Read more
Chinese and SA companies sign 93 trade agreements The deals are valued at R27 billion Chinese and South African companies signed 93 trade agreements to the value of R27 billion at a signing ceremony in Cape Town on Friday 21 June. Trade and Industry Minister Ebrahim Patel thanked Chinese... Read more
The first expo of its kind is set to take place in China’s Hunan province The expo will be the first of many, to be held every two years The first joint Sino-African trade expo will take place in the capital of Hunan – Changsa – from 27 to... Read more
Africa is growing with China’s help
EconomyTechnology 3rd Jun 2019 0
Africa-China relations have strengthened over the years In turn, Africa has benefited from China’s input Africa has seen steady economic transformation over the years – in part, assisted by the relationship between Africa and China. The transformation is visible in infrastructure, agriculture, communication technology and manufacturing, among others. China’s... Read more