Tag "Nigeria"

Update on Nigerian fintech firm Interswitch and its speculative IPO

August 30, 2019 0

Nigerian fintech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange. Last month Bloomberg News ran a

African incubator MEST has a new MD and 11 fresh startup investments

August 21, 2019 0

Pan-African incubator MEST announced investments in 11 startups from its 2019 cohort that will each receive $100,000 in financing. The $1.1 million backing for a

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

August 16, 2019 0

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is

Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs

August 14, 2019 0

Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from

Y Combinator-backed Trella brings transparency to Egypt’s trucking and shipping industry

August 11, 2019 0

Y Combinator has become one of the key ways that startups from emerging markets get the attention of American investors. And arguably no clutch of

Canal+ acquires Nollywood studio ROK from IROKOtv to grow African film

July 15, 2019 0

French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010—and backed

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

July 2, 2019 0

Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding

Google is building a new private subsea cable between Portugal and South Africa

June 28, 2019 0

Google today announced Equiano, a new private subsea cable that will connect Portugal and South Africa. The cable will be built by Alcatel Submarine Networks

MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria

June 20, 2019 0

Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation of Japanese manufacturer Yamaha. Based in Lagos,

Days after pledging to expand internet, Ethiopia’s government shuts it off

June 15, 2019 0

Days after Ethiopian ICT officials made public pledges to improve net access, the government began playing on-again, off-again with the internet — shutting it down

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