Aaron Mc Nicholas
China’s Fintech Footprint in Africa
With money for building African infrastructure drying up in China, the future looks brighter for fintech investments.
The Wire China, 2024
What's inside?
The rise of OPay in Nigeria is emblematic of China’s increasing role in African fintech development.
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.
Summary
About the Author
Aaron M. Nicholas is a Washington, DC-based journalist.
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