Browsing: Wakanda Network

You probably have witnessed the construction of the Nairobi expressway, or the standard gauge railway or even a sewerage line installation near your home.

In all these scenarios you have seen a Chinese national calling the shots, right?

If not that, you have seen most electronics and pharmaceuticals having the label with a ‘Made in China ‘ somewhere. Even a matchbox. Remarkable! These have been the sectors we have known China for, but detailed analysis shows that Chinese nationals are now investing in the financial sector with Microfinance Institutions (MFIs) and lending apps being the favourite expansion ground here in Africa.

Read: Is Bitcoin Market Price Going Down: Is it time to cash it?

Chinese investors in microfinance institutions

Robin Duan Wei, sole owner of Wakanda network saw to his company acquiesce 85 per cent of Choice Microfinance Bank Limited (Choice MFB) which was announced by the Central Bank of …