• It's not only ZTE that's reaping the benefits of stronger relations between China and Africa. Other companies are feeling its positive effects, too.

It's not only ZTE that's reaping the benefits of stronger relations between China and Africa. Other companies are feeling its positive effects, too. (Photo : Xinhua)

In the wake of strengthened relations between China and Africa after Xi Jinping's tour to the continent, Chinese and South African technologies are looking to tap into growth opportunities.

These economic forays are expected to boost all-round ties between China and Africa even more, thanks to a $60 billion funding package.

Like Us on Facebook

In front of top Chinese and African political and business leaders, President Xi Jinping revealed a 10-point initiative that aims to hasten industrialization in Africa. The project is backed by billions of dollars.

"Africa's telecoms market is among those growing at the fastest rate in the world," shared Huang Dabin, senior vice president of ZTE Corporation, one of the leading providers of telecoms equipment and network solutions in China.

In a span of nearly two decades, ZTE has managed to expand operations in the African continent, where it provides products and services to 48 African countries.

ZTE, along with over 60 other Chinese and South African companies, also participated at the Forum of China-Africa Cooperation (FOCAC) summit's equipment manufacturing show. It's a first for major Chinese tech companies to exhibit products together in the continent.

It's not only ZTE that's reaping the benefits of stronger relations between China and Africa. Other companies are feeling its positive effects, too.

"Our African business is now bringing in the most revenue," said Dr. Amy Pang, research managing director of StarTimes, in an interview with China Daily.

StarTimes, a paid TV service provider in China, established its operations in Africa back in 2007. Eight years after, the company has developed its customer base to seven million subscribers in 16 African countries. Pang says it's a result of the digital TV service trend in many African countries.

South African countries are also highly likely to reap benefits from China's new government policies toward Africa.