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What we know (and don’t) about Goldman Sachs’ Africa VC investing

What we know (and don’t) about Goldman Sachs’ Africa VC investing Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-commerce venture Jumia, which listed on the NYSE in 2019. Though […]

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Wikipedia blames malicious DDOS attack after site goes down across Europe, Middle East

Wikipedia blames malicious DDOS attack after site goes down across Europe, Middle East Wikipedia was forced offline in several countries Friday after a cyber attack hit the global encyclopedia. Users across Europe and parts of the Middle East experienced outages shortly before 7pm, BST, according to downdetector.com. Wikimedia’s German Twitter account posted: […]

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U.S. border officials are increasingly denying entry to travelers over others’ social media

U.S. border officials are increasingly denying entry to travelers over others’ social media Travelers are increasingly being denied entry to the United States as border officials hold them accountable for messages, images and video on their devices sent by other people. It’s a bizarre set of circumstances that has seen countless number […]

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AWS follows Microsoft into the Middle East, opening new region in Bahrain

AWS follows Microsoft into the Middle East, opening new region in Bahrain AWS, Amazon’s cloud arm, announced today that it has opened a Middle East Region in Bahrain. The Middle East is an emerging market for cloud providers and this new region is part of a continuing expansion for the cloud giant. […]

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China’s coffee upstart Luckin pushes into India and Middle East

China’s coffee upstart Luckin pushes into India and Middle East Luckin continues to expand at jaw-dropping speed as it announced plans to open shop overseas for the first time. On Monday, the Starbucks challenger from China said it has signed a memorandum of understanding to set up a joint venture with Americana […]

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Streaming video service Iflix raises more than $50 million led by Fidelity International as it prepares to go public

Streaming video service Iflix raises more than million led by Fidelity International as it prepares to go public Iflix, the streaming video service that competes with Netflix in Southeast Asia and other emerging markets, announced today that it has raised a new round of funding led by Fidelity International, with participation from […]

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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 CTO says competing with Didi is ‘very healthy’ despite their complicated relationship

Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber it’s a situation that is not only normal but essential. That’s according to the ride-hailing giant’s […]

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Pavegen, which harvests energy and data from footsteps, secures crowd and Hinduja Group funding

Pavegen, which harvests energy and data from footsteps, secures crowd and Hinduja Group funding Pavegen, a UK startup which harvests energy from people’s footsteps and also tracks that data, has raised £2.6m on its crowdfunding push having doubled its initial £950k target. The campaign secured funds from over 1,400 investors, including partnership […]

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Splyt wants to connect the world’s ride-hailing apps for easy international roaming

Splyt wants to connect the world’s ride-hailing apps for easy international roaming The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and Russia coupled with the failure of its rivals to develop a proposed roaming system, means that global travelers must install multiple […]

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