Tech

Amazon displaces Emaar Malls to acquire Souq.com
Tech

Amazon displaces Emaar Malls to acquire Souq.com

Amazon has agreed to buy Middle East online retailer Souq.com. The news finally thwarts Emaar Malls plan to acquire the same company for USD800 million. The last minute scramble to snatch Souq from Amazon was spearheaded by by Dubai billionaire Mohamed Alabbar’s Emaar Malls. According to Reuters News Agency, the […]

SuperDAO brings Ethereum training to Lagos
Cryptocurrency Tech

SuperDAO brings Ethereum training to Lagos

SuperDAO, an Ethereum decentralized autonomous governance system for incentivized collaborative management of disruptive, economical viable dapp has announced a training and hiring programme in Lagos. According to the organisers, the meetup will be bringing applicants opportunity involving paid training and work opportunity with SuperDAO. Participants will learn more about the […]

Emaar Malls lockhorn with Amazon to acquire Souq
Tech

Emaar Malls lockhorn with Amazon to acquire Souq

The battle is on for the acquisition of Souq, a Dubai-based eCommerce company that was valued at USD1 billion. Emaar Malls PSJC, a unit of Emaar Properties PSJC, Dubai’s largest real estate company said has been linked to a counter negotiation to acquire Souq. Earlier this week, Amazon disclosed it […]

Kenya sells M-Akiba, the world first mobile bond sale
Tech

Kenya sells M-Akiba, the world first mobile bond sale

Kenya has started selling M-Akiba, a government bond that will be sold exclusively via mobile phones, a first of its kind aimed at expanding the pool of investors in a country that needs money for infrastructure projects and where many people don’t have a bank account. The three-year bond, (M-Akiba) can […]

Indian Flipkart raises USD1 billion from Tencent
Tech

Indian Flipkart raises USD1 billion from Tencent

It is very likely that Flipkart, an Indian homegrown eCommerce company must have raised about USD1 billion from Tencent Holdings. Speculative reports also stated that Flipkart might be closing to raising an extra USD1 billion in the coming months. People familiar with the matter claimed the new funding round was […]