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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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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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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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Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June with participation of Japanese manufacturer Yamaha. Based in Lagos, […]

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Telegram’s crypto tokens are (kind of) going on sale to the public for the first time

Telegram’s crypto tokens are (kind of) going on sale to the public for the first time Telegram, the most hyped ICO in the history of ICOs, is finally making its tokens available to retail investors through a limited listing that will precede a full sale later this year — but there are […]

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Seven Africa-focused startups present at Y Combinator’s Demo Day

Seven Africa-focused startups present at Y Combinator’s Demo Day The seven African-focused companies which presented as part of Y Combinator’s 200 strong cohort of Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growing significance of African ventures in YC’s […]

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Netflix rival Iflix offloads its Africa business to focus on Asia

Netflix rival Iflix offloads its Africa business to focus on Asia Iflix, the emerging market Netflix competitor that’s backed by Sky, is leaving Africa to double down on its business in Asia. The Malaysia-based company announced today it has sold the remaining shares in its Africa business — Kwesé Iflix — to Econet Group, […]

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Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capital

Africa’s agtech wave gets million richer as Twiga Foods raises more capital Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Nigerian data analytics company Terragon acquires Asian mobile ad firm Bizense Africa Roundup: Local […]

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Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia

Africa’s Jumo raises M led by Goldman to bring its fintech services to Asia Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office […]

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African experiments with drone technologies could leapfrog decades of infrastructure neglect

African experiments with drone technologies could leapfrog decades of infrastructure neglect Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Harley-Davidson is opening a Silicon Valley R&D center to power EV production With a $10 […]

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