Chinese Space Contractor to Install New Satellite Ground Station in Southern Argentina

On May 23, the Argentinian government announced that a local commercial satellite manufacturer, Ascentio Technologies SA, will partner with a Beijing-based counterpart, Satelliteherd (also known as Beijing Aerospace Yuxing Technology Co. Ltd.), to install a satellite ground station at an industrial park situated on National Route 3 in Argentina’s southern city of Rio Gallegos. Rio Gallegos was specifically selected for its proximity to the ...

Huawei-Built Mobile Money Platform, Telebirr, Launches in Ethiopia Amidst Pursuit of Cashless Economy

On May 11, Ethiopia’s state-owned telecommunications company Ethio Telecom launched the country’s first mobile money platform, TeleBirr, which was developed by Huawei. The new mobile app will allow Ethio Telecom customers to send, store, and receive money through their telephone number. State-owned Ethio Telecom, which has a monopoly over Ethiopia’s telecommunications service, expects TeleBirr to facilitate 40-50% of Ethiopia’s total ...

Chinese Role in Major Turkish Canal Project May Be More Likely as Turkish Lenders Express Reluctance

On April 27, senior banking sources in Turkey disclosed to Reuters that Turkish lenders are reluctant to finance the $13 billion Kanal Istanbul waterway project, citing the project’s environmental risks and exorbitant costs. As Beijing has shown consistent interest in both the financing and construction of Kanal Istanbul since its introduction in 2011, the resistance of Turkish banks could push the Erdogan administration toward China. ...