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
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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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