Tech

Naspers invests additional USD69 million into Takealot
Tech

Naspers invests additional USD69 million into Takealot

Africa’s largest tech investor, Naspers Limited has announced additional funding for Takealot, its eCommerce startup in South Africa. Naspers said in statement that it putting additional ZAR960 million into Takealot Online (Pty) Ltd This is a follow up funding from Tiger Global and Naspers in 2015 and underlines the continued […]

India’s Flipkart raises USD1.4 billion
Tech

India’s Flipkart raises USD1.4 billion

After announcing its plan to acquire Snapdeal, its struggling competition Flipkart has just raised USD1.4 billion. The funding round was bankrolled by eBay, Microsoft, and Tencent of China. Under the deal, Flipkart will be acquiring Ebay’s operation in India which is an exchange for its equity stake in Flipkart. Commenting […]

Why Twitter withdrew lawsuit against U.S Government
Tech

Why Twitter withdrew lawsuit against U.S Government

Twitter withdrew its lawsuit against the U.S. Department of Homeland Security after the agency abandoned efforts to identify an anonymous user who’s been highly critical of the Trump government. The social media company pulled its suit in U.S. District Court in California a day after it was filed. Twitter pursued […]

Cynthia Gordon joins Kinnevik board
Tech

Cynthia Gordon joins Kinnevik board

After releasing its annual report, Kinnevik has announced Cynthia Gordon as its new Director of the Board. Kinnevik disclosed in an email statement that Cynthia Gordon is currently a member of the Board of Tele2, and was until February 2017 CEO of the Africa Division at Millicom. Prior to joining […]

Sky acquires social content maker Diagonal View
Tech

Sky acquires social content maker Diagonal View

Sky, a BskyB company said it has acquired Diagonal View. The company is a producer of social via online channels. Diagonal View uses Alltime10s as well as The Football Daily with content production services for brands as well. Sky said in a statement announcing the acquisition that the deal will […]

Barter virtual Mastercards product review
Tech

Barter virtual Mastercards product review

The continuous drought of Forex to pay for goods and services has led some smart thinkers to developer Barter. This is yet another player introduced into the Nigerian fintech space. Barter is simply a dollar-denominated virtual Mastercard that allows anyone to pay for any goods and or services anywhere online […]