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Posts Tagged ‘Countries’

Africa Roundup: Nigerian fintech gets $360M, 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 for the entire continent in 2018, according to Partech stats. A notable trend-within-the-trend is ...

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 borders. The post by fringe news site States Times Review (STR), contained “scurrilous accusations” according to the ...

Gloria brings international soccer scouting into the 21st century

Lionel Messi, who’s still arguably the greatest soccer player in the world, signed his first contract with FC Barcelona when he was thirteen years old. Although he grew up in a small town in central Argentina, he had captured the attention of some of the world’s most famous soccer teams when he was only eleven ...

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 and global investing. The startup has created an API and interface that allows ...

Solar based ISP startup Tizeti launches 4G LTE network in Nigeria

Nigerian internet service provider Tizeti has launched its first 4G LTE network. The Y-Combinator backed startup — that uses solar powered towers to deliver net connectivity — has built its premier 4G capable tower in the city of Port Harcourt, where Tizeti will offer its first 4G and ISP services. The company operates primarily in ...

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, helped spearhead the movement last month in response to detainment and extortion of ...

Sahara Reporters founder Sowore remains detained in Nigeria

The founder of African investigative digital media site Sahara Reporters Omoyele Sowore remains detained in Nigeria on charges including treason, his wife Opeyemi Sowore told TechCrunch. Her husband founded Sahara Reporters to create and aggregate news content, social media tips, and self-digital reporting toward exposing corruption in Africa and his home country of Nigeria. After ...

Rwanda to phase out gas motorcycle-taxis for e-motos

The government of Rwanda will soon issue national policy-guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos. The country’s president Paul Kagame previewed the plan last week. “We will find a way to replace the ones you have now. We urge taxi-moto operators to help us when the phase-out process comes,” ...

Waresix hauls in $14.5M 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 by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV ...

Nigeria’s Gokada raises $5.3M round for its motorcycle ride-hail biz

In many large cities across Africa, motorcycle taxies are as common as yellow-cabs in New York. That includes Lagos, Nigeria, where ride-hail startup Gokada has raised a $5.3 million Series A round to grow its two-wheel transit business. Gokada has trained and on-boarded over 1000 motorcycles and their pilots on its app that connects commuters ...