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, the telecom firm that is already an investor in the business. The deal size […]
View More Netflix rival Iflix offloads its Africa business to focus on AsiaCategory: africa
IBM Africa and Hello Tractor pilot AI/blockchain agtech platform
IBM Research and agtech startup Hello Tractor have developed an AI and blockchain-driven platform for Africa’s farmers. The two companies will pilot the product in 2019.
View More IBM Africa and Hello Tractor pilot AI/blockchain agtech platformByju’s targets global expansion for its digital education service after raising $540M
India-based educational startup Byju’s was widely reported to have raised a massive $400 million round and now the company is making things official. The ten-year-old company revealed today it has pulled in a total of $540 million from investors to go after international opportunities. The round is led by Naspers, the investment firm famous for […]
View More Byju’s targets global expansion for its digital education service after raising $540MPitbull took on Toto’s ‘Africa’ for the ‘Aquaman’ soundtrack, so it looks like we’re all done here
Future acoustic prodigies, I regrettably must inform you… your services will not be needed. The peak of mankind’s musical ability has already been reached.
There are a lot of reasons to see Aquaman, not the least of which is the absurd ba…
OffGridBox raises $1.6M to charge and hydrate rural Africa with its all-in-one installations
The simplest needs are often the most vital: power and clean water will get you a long way. But in rural areas of developing countries they can both be hard to come by. OffGridBox is attempting to provide both, sustainably and profitably, while meeting humanitarian and ecological goals at the same time. The company just raised $1.6 million to pursue its lofty agenda.
View More OffGridBox raises $1.6M to charge and hydrate rural Africa with its all-in-one installationsAfrican fintech startup Jumo raises $12.5M more to fund Asia expansion
Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, […]
View More African fintech startup Jumo raises $12.5M more to fund Asia expansionNigerian logistics startup Kobo360 raises $6M, expands in Africa
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 SimbaPay launches Kenya to China payment service over WeChat Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capital Nigerian trucking logistics startup Kobo360 has raised $6 million […]
View More Nigerian logistics startup Kobo360 raises $6M, expands in AfricaNetflix rival Iflix launches $5M search for up-and-coming filmmakers in Asia
Netflix is increasing its efforts in Asia after it commissioned more local content and began testing more aggressive price points, but one local rival is hitting back with a program to spotlight promising creators in the region. Malaysia-headquartered Iflix, which operates in 26 countries across Africa, the Middle East and Asia, today announced a $5 million program […]
View More Netflix rival Iflix launches $5M search for up-and-coming filmmakers in AsiaSimbaPay launches Kenya to China payment service via WeChat
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 Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capital Nigerian data analytics company Terragon acquires Asian mobile ad firm Bizense Forging another link between Africa […]
View More SimbaPay launches Kenya to China payment service via WeChat“The problem is Facebook,” lawmakers from nine countries tell Zuckerberg’s accountability stand-in
A grand committee of international parliamentarians empty-chaired Mark Zuckerberg at a hearing earlier today, after the Facebook founder snubbed repeat invitations to face questions about malicious, abusive and improper uses of his social media platform — including the democracy-denting impacts of so-called ‘fake news’. The UK’s DCMS committee has been leading the charge to hold Facebook […]
View More “The problem is Facebook,” lawmakers from nine countries tell Zuckerberg’s accountability stand-inFive years and one pivot later, Trueface emerges with a promise for better facial recognition tech
Shaun Moore and Nezare Chafni didn’t initially intend to develop a new standalone facial recognition technology, when they first got started developing the technology that would become their new company, Trueface.ai. When the two serial entrepreneurs were planning their next act five years ago, they wanted to ride the wave of smart home technologies with […]
View More Five years and one pivot later, Trueface emerges with a promise for better facial recognition techAfrica’s agtech wave gets $10 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 VC funds surge, Naspers ramps up and fintech diversifies Kenya’s Twiga Foods has raised $10 million from […]
View More Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capital