Huawei will participate in financing research on ICTs in Tanzania with $90,000. These funds will be granted exclusively to the African Institute Nelson Mandela of Science and Technology (NM-AIST). According to East African Business Week, the program is to reinforce the skills of post-graduate students and PhD students while allowing them to perform research in the ICT sector.
The Chinese firm is multiplying its investment and is thus continuing its plan to penetrate the African market. With a R&D unit in South Africa, seven training centers in the continent specifically in DRC, Egypt and Morocco, Huawei doesn’t seem to be backing down on the means to set foot permanently in Africa.
The Chinese manufacturer is hoping to have a 30% increase of its revenue thanks to the African continent within the next 3 years.