Tesco
China’s Fintech Footprint in Africa
Article

China’s Fintech Footprint in Africa

With money for building African infrastructure drying up in China, the future looks brighter for fintech investments.

Aaron Mc Nicholas
The Wire China, 2024
Read the article

Read or listen offline

automatisch generiertes Audio
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
automatisch generiertes Audio

Editorial Rating

7

Qualities

  • Eye Opening
  • Hot Topic
  • Engaging

Recommendation

China is expanding its digital technology footprint in Africa as part of its Digital Silk Road, which seeks to improve connectivity among Europe, Africa, and Asia. This initiative differs from the typical grand-scale, high-risk infrastructure projects that China has traditionally undertaken. Journalist Aaron Mc Nicholas explores the ascent of OPay as one of many examples of China’s forays into Africa’s electronic payments business. 

Take-Aways

  • China is making inroads into the digital payments business in Nigeria.
  • The Chinese government’s launch of the Digital Silk Road (DSR) initiative in 2015 marks a shift in Chinese investment focus.
  • China enjoys success in fintech ventures beyond Nigeria.

About the Author

Aaron M. Nicholas is a Washington, DC-based journalist.

Comment on this summary or Diskussion beginnen