Uber is paying $3.1BN to pick up Middle East rival Careem

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 […]

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Nigerian fintech startup OneFi acquires payment company Amplify

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 […]

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After FAA doubles down on 737 decision, Canada grounds the planes amid reports of complaints from U.S. pilots

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,” […]

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African e-commerce startup Jumia files for IPO on NYSE

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 […]

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Nigeria’s Gloo.ng drops consumer e-commerce, pivots to e-procurement

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 […]

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Amun raises $4M to give stock-like buying options for crypto investors

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 […]

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Facebook is not equipped to stop the spread of authoritarianism

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?

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A Danish photographer’s ‘sex’ photo atop the Great Pyramid of Giza is causing an uproar

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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…

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Dozens of cat mummies unearthed in ancient Egyptian tomb

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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. 

#Tens of #cats #mummies were unearthed in #Saqqara #necropolis along with 100 wooden #gilded #statues of #cats and a bronze one dedicated to the cat #goddess #bastetpic.twitter.com/g0oSQPBhL8

— Ministry of Antiquities-Arab Republic of Egypt (@AntiquitiesOf) November 10, 2018 Read more…

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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 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 […]

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African financial technology startups move beyond payment services

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 […]

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