# Africa
Latest news and articles about Africa
Total: 7 articles found
Memory Crunch Halves Profits at 'King of African Phones' — A Warning for Low‑cost OEMs
Transsion’s 2025 net profit fell by 53.4% as rising memory‑chip prices and heavier sales and R&D spending squeezed margins. The company’s heavy reliance on low‑end handsets in price‑sensitive African and South Asian markets limits its ability to pass on cost increases, forcing a strategic pivot toward diversification and a Hong Kong IPO amid potential shareholder selling risks.
Transsion’s Tough Year: Africa’s Smartphone King Faces Margin Squeeze and Intensifying Competition
Transsion reported a sharp drop in 2025 profits as soaring memory prices and intensified competition from Chinese brands squeezed margins in its low‑end, Africa‑focused business. The firm is pursuing a Hong Kong listing and a strategic shift toward an ecosystem model, but that transition will be capital‑intensive and slow while market pressure persists.
Transsion’s Rough Patch: Memory Shortages and Chinese Rivals Erode the ‘King of Africa’
Transsion Holdings reported sharply weaker 2025 results as surging memory prices and intensified competition from Chinese brands squeezed margins. The company still leads Africa but is losing momentum and must invest heavily and shift strategy to rebuild resilience.
Beijing Reasserts Military Ties with Africa as a Pillar of Its Global Security Pitch
China’s Defence Ministry reiterated on 10 February that Beijing remains Africa’s most trustworthy security partner, framing military cooperation as a legacy of anti‑colonial solidarity and a pillar of contemporary partnership. The pledge signals deeper institutionalised defence ties — training, exercises, peacekeeping and counter‑terrorism — and underscores Beijing’s aim to be a prominent security provider in Africa alongside its economic engagement.
African Leaders Warn Takaichi’s Rhetoric and Japan’s Militarisation Threaten Post‑War Order
African political figures have criticised Japanese prime minister Sanae Takaichi’s recent rhetoric and Japan’s military expansion as threatening the post‑World War II international order. They warn that such moves risk inflaming regional tensions, undermining treaties and norms, and alienating countries that uphold principles of sovereignty and non‑interference.
African voices warn Japan’s hawkish turn risks unraveling the post‑war order
African public figures have criticised remarks by Japan’s Prime Minister Sanae Takaichi and Tokyo’s perceived tilt toward military expansion as threats to the post‑World War II international order. Their comments highlight wider anxieties about remilitarization, colonial nostalgia, and possible ramifications for regional stability around Taiwan and East Asia.
Zijin’s Big Bet: CAD5.5bn Purchase of Four African Mines Pushes Chinese Miner Toward 100‑Tonne Gold Club
Zijin Mining has offered CAD5.5 billion in cash to acquire a Toronto‑ and New York‑listed gold company owning four African mines, a deal that would lift Zijin’s annual mined gold output above 100 tonnes. The purchase capitalises on favourable infrastructure and high gold prices but increases balance‑sheet and integration risks as Zijin accelerates its global expansion.