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China nears completion of its GPS competitor, increasing the potential for Internet balkanization

China nears completion of its GPS competitor, increasing the potential for Internet balkanization On Friday, China announced that it would complete its competitor to the U.S.-operated global positioning system network by the first half of next year, increasing the pace of its decoupling from U.S. technologies. China’s Beidou network of satellites — […]

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Nigeria’s Rensource raises $20M to power African markets by solar

Nigeria’s Rensource raises M to power African markets by solar Nigerian startup Rensource Energy has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar network. The renewable energy company builds and operates solar powered micro-utilities that provide electricity to commercial community structures, such as open-air trading […]

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Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

Africa Roundup: Nigerian fintech gets 0M, mints unicorn, draws Chinese VC November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised […]

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Facebook bowed to a Singapore government order to brand a news post as false

Facebook bowed to a Singapore government order to brand a news post as false Facebook added a correction notice to a post by a fringe news site that Singapore’s government said contained false information. It’s the first time the government has tried to enforce a new law against ‘fake news’ outside its […]

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Sim Shagaya’s uLesson African edtech startup raises $3.1M

Sim Shagaya’s uLesson African edtech startup raises .1M Nigerian founder Sim Shagaya is back with a new startup —  uLesson — that has raised a $3.1 million seed round led by TLcom Capital. The venture is integrating mobile platforms, SD cards, culture-specific curriculum and a network of tutors to bridge educational gaps […]

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Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Opera’s Africa fintech startup OPay gains 0M from Chinese investors Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to […]

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Chaka opens up global investing to Africa’s most populous nation

Chaka opens up global investing to Africa’s most populous nation Fintech startup Chaka aims to open up online investingd to Africa’s most populous nation, Nigeria. The seed-stage company recently went live with its mobile-based platform that offers Nigerians stock trading in over 40 countries. Chaka positions itself as a passport to local […]

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Senegal’s NIMA Codes to launch address app in 15 African countries

Senegal’s NIMA Codes to launch address app in 15 African countries Senegalese startup NIMA Codes — a digital mapping service for locations without formal addresses  —  has upgraded its app and plans to go live in 15 African countries in 2020. The pre-seed stage startup launched in 2018 around an API that […]

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Nigeria’s #StopRobbingUs campaign could spur tech advocacy group, CEOs say

Nigeria’s #StopRobbingUs campaign could spur tech advocacy group, CEOs say Nigeria’s #StopRobbingUs campaign to curb police harassment of techies could grow into a formal lobbying group for the country’s tech sector, according to founders Bosun Tijani and Jason Njoku. Tijani, the CEO of Lagos based innovation center CcHub and now Kenya’s iHub, […]

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Waresix hauls in $14.5M to advance its push to digitize logitics in Indonesia

Waresix hauls in .5M to advance its push to digitize logitics in Indonesia Waresix​, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business. This new investment, Waresix’s Series A, is led […]

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