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PalmPay launches in Nigeria on $40M round led by China’s Transsion
Africa focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed-round led by Chinese mobile-phone maker Transsion. The...
China
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South African rand steady, focus on new US – China tariffs
South Africa’s rand steadied in early trade on Monday, struggling for momentum as the appetite for risk waned as Washington and Beijing put additional...
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IMF approves Congo Republic bailout after China debt deal
The International Monetary Fund’s (IMF) executive board approved a bailout worth nearly $449 million for OPEC member Congo Republic on Thursday, poten...
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Chinese shipbuilding firm unveils world’s first smart oil tanker
China has launched the world’s first intelligent very large crude carrier (VLCC) at the country’s shipbuilding major, Dalian Shipbuilding Industry (DS...
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China says Africa projects should be sustainable, denounces criticism
Chinese development projects in Africa must be sustainable, the government’s top diplomat told senior African ministers on Tuesday, as he denounced “o...
South African rand falls on risk aversion as US-China trade war heats up
South Africa’s rand weakened in early trade on Monday, giving up some of the election inspired gains, with risk aversion driving currency markets afte...
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BRICS development bank approves $790 million funding for South African projects
The development bank of the BRICS group of emerging economies has approved funding of $790 million for three South African projects, the bank’s presid...
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Airbus shares ascend after China recently ordered 300 aircraft
Airbus shares rose on Tuesday after the European plane maker won a deal worth tens of billions of dollars to sell 300 aircraft to China. Airbus was up...
US think tank cautions Africa on increasing Chinese projects
Kenya and other African countries could reap net benefits from Chinese investment, but that favourable outcome hinges on whether host countries adopt ...
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US to cut troops in Africa as focus shifts to China, Russia
The U.S. military will withdraw hundreds of troops focused on counterterrorism operations in Africa over the next several years to support the Pentago...