After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7BN to be paid in convertible notes and $1.4BN in cash. Careem was founded as a ride-hailing rival to Uber in 2012 but has […]View More Uber is paying $3.1BN to pick up Middle East rival Careem
Lagos based online lending startup OneFi is buying Nigerian payment solutions company Amplify for an undisclosed amount. OneFi will take over Amplify’s IP, team, and client network of over 1000 merchants to which Amplify provides payment processing services, OneFi CEO Chijioke Dozie told TechCrunch. The move comes as fintech has become one of Africa’s most […]View More Nigerian fintech startup OneFi acquires payment company Amplify
After the Federal Aviation Administration issued a statement late yesterday doubling down on its decision to keep the Boeing 737 Max planes at the heart of two accident investigations flying, Canada has become the latest nation to ground the plane. “There are — and I hasten to say not conclusive — but there are similarities,” […]View More After FAA doubles down on 737 decision, Canada grounds the planes amid reports of complaints from U.S. pilots
Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price, and timeline for public stock sales will be determined over the coming weeks for the Nigeria headquartered company. With a smooth filing process, Jumia will […]View More African e-commerce startup Jumia files for IPO on NYSE
Nigerian startup Gloo.ng is dropping consumer online retail and pivoting to B2B e-procurement with Gloopro as its new name. The Lagos based venture has called it quits on e-commerce grocery services, shifting to a product that supplies large and medium corporates with everything from desks to toilet paper. Gloopro’s new platform will generate revenues on […]View More Nigeria’s Gloo.ng drops consumer e-commerce, pivots to e-procurement
Crypto represent a ‘border-less’ that anyone can own, but actually getting hold it isn’t easy for everyone. Amun, a company that wants to make buying crypto as easy as stock, has pulled in $4 million in funding to offer more established channels for crypto ownership. The startup currently offers punters an ETP (exchange-traded product) on […]View More Amun raises $4M to give stock-like buying options for crypto investors
Facebook isn’t responsible for government decisions to clamp down on free expression. But the question remains: How can companies stop assisting authoritarian governments, inadvertently or otherwise?View More Facebook is not equipped to stop the spread of authoritarianism
Uber, which is gearing up to go public early next year, is really doubling down on this whole multi-modal transportation provider effort. Earlier this month, Uber CEO Dara Khosrowshahi announced the launch of Uber Bus, a minibus service in Cairo, Egypt. “I’m excited to be in Cairo to launch Uber Bus, a product that will improve […]View More Uber launches a bus service in Egypt
Some people have crazy sex fantasies — no judgment. However, doing it, or portraying yourself doing it, on top of one of the seven wonders of the ancient world may be crossing the line. Danish photographer Andreas Hvid did exactly that, which instantly pissed off a lot of people and caused Egyptian officials to launch an investigation. He doesn’t plan to travel to Egypt again anytime soon. Check out our video to see the controversial image. Read more…View More A Danish photographer’s ‘sex’ photo atop the Great Pyramid of Giza is causing an uproar
At an excavation of a pharaoh’s 4,500-year-old pyramid complex, Egyptian archaeologists discovered dozens of mummified cats — in addition to 100 ornate cat statues.
Egyptian Minister of Antiquities Dr. Khaled El-Enany announced the ancient cat artifacts on Nov. 10, and the Ministry took to Twitter to share images of the long-deceased felines, wrapped in ribbons of cloth.
Ancient Egyptians may not have worshiped their cats, but there’s ample evidence that they viewed the small mammals as divine.
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 Tarform debuted new e-motorcycles but is there a U.S. market? Naspers announces $300 million initiative to support startups and tech in South Africa Africa’s VC landscape is becoming more […]View More Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies
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 African financial technology startups move beyond payment services Africa Roundup: Paga goes global and 4 startups raise $99M in VC If mobile money was the first phase in the […]View More African financial technology startups move beyond payment services