‘China Is Anywhere’ In Africa’S Rising Era Industry

Tecno, a smartphone maker under Hong Kong parent company Transsion Holdings, has embodied Chinese companies’ winning formulas on the continent.
But he added that China was making its presence felt not just in East Africa generally, but also as far north as Egypt and Morocco and as far south as South Africa.
For Gagliardone, success in Africa boiled down to cost, with Chinese companies offering cheaper alternatives than their U.S. and European competitors.
It’s a match made in business heaven: Chinese technology companies hungry for expansion are diving into the less-developed African continent, where several countries are targeting double-digit economic growth.
The China-Africa tech story began two decades ago, with the expansion of Chinese telecommunications giant ZTE, followed by Huawei, which provides similar services.

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