Chinese companies lead their Indian and Japanese counterparts into African telecoms, the world's fastest growing market
The battle for African telecoms is on. From the ground up,
from the base stations and transmitting equipment to the rival
cellphone companies, Asian and European companies are competing
in Africa, searching for new markets and revenues. Almost every
African country has signed multimillion dollar contracts with
Asian telecoms equipment manufacturers and service companies.
Growth in equipment, maintenance and services continues. The latest
overtures from India's mobile operators suggest the competition
will get tougher still in Africa's telecoms. For now China
is assuredly in the lead (see map on page 2).
The two banks backing up Chinese investment in Africa
SINOSURE: China Export and Credit Insurance Corporation (Sinosure)
was established in December 2001 through a merger between the
People's Insurance Company of China and the insur...
The mighty Chinese banking triad
CHINA EXIM BANK: Established in 1994 under the Policy Banks
Law, China Exim Bank is currently the third largest export credit
agency in the world. China Exim Bank is tasked with ...