Article Trunk



Posts Tagged ‘africa’

Russia building nuclear science center in Rwanda

Russia's state nuclear company Rosatom announced on Twitter today they have signed a deal with The Republic of Rwanda to build a center for nuclear science and technology.

The Kremlin and the industries it controls are trying to expand in this Central African country and beyond, just like China is doing with its investments throughout the ...

After poacher crackdown, Tanzanian endangered rhino and elephant populations are staging inspiring recoveries

Four years ago, there were 15 known black rhinos left in Tanzania -- "ground zero of the poaching crisis" -- and today there 167 of them; elephant populations (which dropped 60% between 2009-2014) are rebounding too, up to over 60,000 from a low of 43,330.

The recovery is attributed to the administration of resident John Magufuli, ...

Zipline’s new $190 million funding means it’s the newest billion dollar contender in the game of drones

With a valuation of over $1 billion and $190 million in new financing, Zipline has become the latest contender to be the leader in the game of drones. The competition to be a leading vendor of delivery drone services is fierce, but Zipline has already built its billion-dollar business selling its hardware and services as ...

Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital. The payments company also persuaded 500 Startups and Liquid 2 Ventures—co-founded by Joe Montana—to join the round. Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend directly. “He was quite excited about what ...

WorldCover raises $6M round for emerging markets climate insurance

WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures. Y-Combinator, Western Technology Investment, and EchoVC also participated in the round. WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones, and data analytics to create insurance options for farmers whose crops ...

Africa Roundup: Jumia’s IPO, DHL launches Africa e-Shop, Cathay’s $168M VC fund, ConnectMed acquired

The biggest news in a month of weighty African headlines was Jumia listing on the New York Stock Exchange. After filing SEC IPO docs in March, the Pan-African e-commerce company’s shares began trading on the NYSE April 12, opening at $14.50 under ticker symbol JMIA. Jumia stock rose north of 70 percent on its first ...

If you watch one celebrity-filled, anally obsessed charity video before Earth Day, make it this one

Lil Dicky, the white comedy rapper with questionable taste but an impressive rolodex, has come up with a millennial’s Earth Day answer to the 80s celebrity-studded, charity hit “We are the World“. Dicky isn’t tackling African famine, instead he’s come up with an oddly anally-fixated paean to the Earth’s climate and the disaster the world ...

Startups Weekly: Lessons from a failed founder

In this week's startups newsletter: Uber files its S-1, Defy Partners nabs $262M and the Vision Fund backs a travel business. ...

African e-commerce startup Jumia’s shares open at $14.50 in NYSE IPO

Pan-African e-commerce company Jumia listed on the New York Stock Exchange today, with shares beginning trading at $14.50 under ticker symbol JMIA. This comes four weeks after CEO Sacha Poignonnec confirmed the IPO to TechCrunch and Jumia filed SEC documents. With the public offering, Jumia becomes the first startup from Africa to list on a major global ...