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Africa Roundup: CcHub’s iHub acquisition, Andela’s $50M run-rate and layoffs, Transsion’s IPO

Africa Roundup: CcHub’s iHub acquisition, Andela’s M run-rate and layoffs, Transsion’s IPO Two of Africa’s powerhouse tech incubators joined forces in September. Nigerian innovation center and seed-fund CcHub acquired Nairobi based iHub. The purchase amount was undisclosed, but CcHub will finance the deal out of its real-estate project to build a new 10-story […]

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Africa’s top mobile phone seller Transsion lists in Chinese IPO

Africa’s top mobile phone seller Transsion lists in Chinese IPO Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch.  Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa under its Tecno brand. The company has also started to support […]

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What is Andela, the Africa tech talent accelerator?

What is Andela, the Africa tech talent accelerator? As someone who covers Africa’s tech scene, I’m frequently asked about Andela . That’s not surprising, given the venture gets more global press (arguably) than any startup in Africa. I’ve found many Silicon Valley investors have heard of Andela but aren’t exactly sure what […]

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Former Google X ecec Mo Gawdat wants to reinvent consumerism

Former Google X ecec Mo Gawdat wants to reinvent consumerism Mo Gawdat, the former Google and Google X executive, is probably best known for his book Solve for Happy: Engineer Your Path to Joy. He left Google X last year. Quite a bit has been written about the events that led to […]

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

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund 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 a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture […]

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

Y Combinator-backed Trella brings transparency to Egypt’s trucking and shipping industry 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 companies has benefitted more from Y Combinator’s attention than startups from emerging markets tackling the the […]

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Africa’s top mobile phone seller Transsion to list in Chinese IPO

Africa’s top mobile phone seller Transsion to list in Chinese IPO Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market,  Transsion confirmed to TechCrunch.  The company—which has a robust Africa sales network—could raise up to 3 billion yuan (or $426 million). “The company’s listing-related work is […]

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VertoFX raises $2M for its African and EM currency trading platform

VertoFX raises M for its African and EM currency trading platform VertoFX, an Africa and emerging markets focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses […]

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Uber is paying $3.1BN to pick up Middle East rival Careem

Uber is paying .1BN to pick up Middle East rival Careem After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7BN to be paid in convertible notes and $1.4BN in […]

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Nigeria’s Gloo.ng drops consumer e-commerce, pivots to e-procurement

Nigeria’s Gloo.ng drops consumer e-commerce, pivots to e-procurement Nigerian startup Gloo.ng is dropping consumer online retail and pivoting to B2B e-procurement with Gloopro as its new name. The Lagos based venture has called it quits on e-commerce grocery services, shifting to a product that supplies large and medium corporates with everything from […]

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