After finishing their trip to Nigeria, Zhang Yida and his party went to Ghana, Cote d'Ivoire, Senegal and other countries that are also West African countries.
The per capita GDP of these countries is similar to that of Nigeria, or even slightly less, only about US$2,000.
The population is not large either, ranging from just over 10 million to 30 million people.
Due to limited market potential, Chuanrui Company has less than 10 Chinese employees locally, which looks a bit miserable and deserted.
Zhang Yida's arrival made the local Chinese employees very happy. They did not expect that the big boss would come to visit them in such a quiet place.
At the best local hotel, Zhang Yida, on behalf of the company, invited these pioneering employees to have a meal together, learned about the local business development, and expressed his condolences, which moved these employees very much.
Zhang Yida also promised that as long as he achieves results, he will not begrudge bonuses and stock options, and may be transferred to Lagos or other prosperous cities in Africa in the future.
Most of the Chinese employees who are willing to work in Africa are paid three times their salary and have a very strong sense of professionalism.
Zhang Yida's statement made them all feel like they were in a state of shock.
After sending Zhang Yida away, he changed his previous idea of muddling along and devoted himself to work wholeheartedly.
I stopped going to the local bars and put aside my beach vacation. They all wanted to be rated as "advanced" this year and then embark on the road to promotion and salary increase.
Zhang Yida and his party took a private plane and took off from Dakar Airport, the capital of Senegal, preparing to cross the Sahara Desert and head to Egypt in North Africa.
Looking at the endless desert from high in the sky is a bit shocking at first sight, but after a long time it becomes a bit boring.
The Sahara is the largest desert in the world, covering an area of 9.06 million square kilometers, almost as big as China.
Senegal is almost 5,000 kilometers away from Egypt. The plane flew at a speed of Mach 0.85 and took nearly 5 hours to arrive at Cairo Airport. Almost half of the time was spent over the Sahara Desert.
There are no Chuanrui employees in Egypt, but the North African headquarters of Rexiang, where Resso and Musical.ly’s base camps in Africa are located.
North Africa is similar to the Middle East and West Asia. They are mainly Arabs and believe in green religion. Women on the street wear veils.
Musical.ly also works cautiously in content review in these areas and has recruited a large number of local employees because it is afraid of causing trouble on religious issues.
Egypt has a population of 97 million and a total national GDP of US$269.338 billion. It is the third largest economy in Africa and the largest economy in North Africa after Nigeria and South Africa.
The per capita GDP is not high, just a little better than Nigeria, which is almost 2,771 US dollars, and it is incomparable with China's 10,000 US dollars.
In addition to the inspection, Zhang Yida also visited the world-famous pyramids.
After staying there for two days, Zhang Yida and his party went south to Kenya, Tanzania, Ethiopia and other countries in East Africa.
Here, Zhang Yida saw the M-Pesa agent outlet that was rumored to be magical.
Even Bill Gates has highly praised Kenya's mobile payment, because M-Pesa has allowed a large number of poor people to enjoy convenient financial services, learn to save money, and reduce social costs. Kenya's entire country's economy has benefited from this.
Many countries, including India and Romania, are learning from Kenya and want to develop such a down-to-earth mobile payment system in their own countries.
In Kenya, the volume of transfer transactions initiated through M-Pesa can account for 80% of the country's GDP, while Paybay's figure in China is less than 6%.
With such a high market share, Chuanrui's PalmPay business is struggling to develop.
Not only PalmPay, mobile payment companies from other countries and local startups also have a headache when facing the beast of M-Pesa.
If you can't beat them, let's cooperate!
Under the recommendation of Reeves, Zhang Yida also met with M-Pesa's senior management on behalf of the company and negotiated a cooperation plan to enable the company and Touronghui to achieve international transfer and payment interoperability.
This will greatly facilitate the lives of Chinese people who go to Kenya to work or start a business, and local Kenyans who go to China to do business or study abroad will also benefit from this.
Of course, these foreign exchange transfers must also comply with Chinese laws and relevant regulations. Each person's foreign exchange limit is limited every year, no more than 50,000 US dollars.
Moreover, the investment and financing business is also carried out jointly with the Industrial and Commercial Bank of China, and these businesses are carried out under the supervision of relevant departments.
Whether traveling abroad or studying abroad, if the amount exceeds US$50,000, it is suspected of transferring property.
Chinese wealthy people buy properties overseas and spend lavishly. In addition to domestic guarantees and overseas loans, they also cut off the profits of their overseas registered companies.
If the money is not remitted back to the country, it will naturally not be subject to foreign exchange supervision.
Including Zhang Yida, a large number of his companies are registered overseas, and the profits have not flowed back to China.
This is not to facilitate one day to run away, but mainly to facilitate the operation of overseas capital.
…
News of the establishment of the "Wakanda Fund" spread quickly, even in Kenya.
Zhang Yida guessed that the big-mouthed Nigerian official must have spread the news.
But he's not angry either. You're investing. If you don't do some gimmicks, who will know about you?
The Kenyan government attaches great importance to education, and also values financial technology including mobile payments. Therefore, under repeated invitations from the local government, Zhang Yida decided to give a public lecture at the University of Nairobi in the capital, with the theme of "African Opportunities in the Context of Technological Entrepreneurship."
Jackma also gave a lecture at the University of Nairobi two years ago, which attracted a large number of Kenyan college students and young entrepreneurs.
Zhang Yida's international reputation is no less than that of Jack Ma. His status as a shareholder of Transsion alone makes Africans admire him endlessly.
Transsion is a brand familiar to Africans, and its advertising slogans are plastered all over the streets of Africa.
An African may not know Ahri, Penguin, and Ruixiang, but he must know Chuanyin.
Zhang Yida did not play those vain words, saying that he would cultivate 100 African entrepreneurial heroes in 10 years and bring 200 African entrepreneurs to Lin'an for training.
Zhang Yida directly talked about the current Internet infrastructure deficiencies in Africa.
He has visited so many African countries along the way and has a relatively clear understanding of the Internet situation in each country.
Don't praise too much, don't belittle too much, just seek truth from facts and objectively analyze real problems.
Zhang Yida also compared many domestic technology models, such as financial technology including mobile payment, and local life including food delivery.
Zhang Yida also emphasized that it took China 20 years to get the Internet to where it is today.
African entrepreneurs must also have a spirit of perseverance and delve into the market in order to usher in the final harvest.
Some people looked unhappy, and Zhang Yida almost said that the African Internet was useless, which was hard for them to accept.
There are also some down-to-earth young entrepreneurs who feel that Zhang Yida is very insightful and insightful.
Finally, Zhang Yida moved out the Wakanda Fund and directly stated that this fund, with an initial scale of US$100 million, was invested in the entire African market.
Entrepreneurs with ideas can visit the Wakanda Fund's official website after a while and send the business plan to the Wakanda Fund's email address.
As long as the project is good and has investment value, the Wakanda Fund will definitely help these entrepreneurs establish their own "Wakanda Business Kingdom".
The audience finally reached a climax, and everyone was very excited.
These people are all highly intellectual and have basically seen the movie "Black Panther". They all aspire to become African heroes and make their countries prosperous and powerful.
Zhang Yida's Wakandan Fund is very suitable for them. They feel as if they can start their own epic journey by accepting investment from the Wakandan Fund.
After leaving Kenya, Zhang Yida took Zhao Erya to Tanzania. June every year is a good time to see the great migration of East African grassland animals.
An army of millions of animals rolled across the vast prairie. The sight and momentum made me excited just thinking about it.