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Tech

Vantage Mezzanine Fund III Invests USD16.6 Million In Vumatel

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has disbursed the second and final tranche of a ZAR250 million (USD16.6 million) expansion capital facility to Vumatel. The funds will be used for the on-going expansion of Vumatel’s fibre-to-the-home, FTTH network in a growing number of Johannesburg and […]

Movile Raises USD40 Million From Naspers
Tech

Movile Raises USD40 Million From Naspers

Movile, Latin America’s leading mobile commerce platform, announced today it has raised USD40 million in Series F funding from Naspers through its Naspers Ventures division. Naspers, is Movile’s strategic partner and majority shareholder of Movile since 2008, led the round with participation from Innova Capital, an investment fund focused on […]

Who Is Going To Take on Jumia?
Tech Uncategorized

Who Is Going To Take on Jumia?

Last week, Jumia said it has swallowed all former companies belonging to its parent company, Africa Internet Group AIG. The plan seeks to make Jumia a one stop shop for everything eCommerce was activated last week. According to a newsletter sent to its customers, Jumia said “Jumia Market (previously Kaymu), Jumia […]

The Tough Road Ahead Of Jumia
Tech

The Tough Road Ahead Of Jumia

As predicted last week, Africa Internet Group, AIG has finally put to rest all speculations about the future of its eCommerce group- Jumia. The company now has only one platform that will now be operating in the eCommerce space. Jumia-group.jumia.com. Prior to this time, AIG used to have Jumia, Jovago, Everjobs, […]

Orange Acquires Airtel Burkina Faso
Tech

Orange Acquires Airtel Burkina Faso

Another major merger and acquisition, M&A deal has just been announced. This time around, it is about Orange Telecom. Orange said it has acquired a competing mobile operator, Airtel Burkina Faso Airtel is the 2nd largest mobile operator in Burkina Faso, with close to 4.6 million customers in the country. […]

About The Smart-City Lagos Plan
Policy Tech

About The Smart-City Lagos Plan

For many reasons, Akinwunmi Ambode, the executive governor of Lagos, seems to be doing, signing and saying the right things that interests many of us. From his light up Lagos projects, Fourth Mainland Bridge and now Smart City Project; Ambode seems to be the most bullish city manager in Nigeria. […]

Microsoft Is Buying LinkedIn For USD26.2 Billion
Tech

Microsoft Is Buying LinkedIn For USD26.2 Billion

This is a big deal that is about to be closed. Microsoft is planning to buy LinkedIn in a USD 26.2 billion deal. According to sources at Bloomberg, “Microsoft will pay $196 per share in an all-cash transaction, including LinkedIn’s net cash, a 49.5 percent premium to LinkedIn’s closing price […]