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In Brief: Uber is finally expanding to Rwanda

Earlier this week, we reported that Uber was expanding to Mauritius after finding out that the company was hiring for a country lead position. However, a few days later, the ride-hailing...
webuycars funding

Naspers has invested $94M in SA’s Webuycars through OLX Group

Naspers has today announced that it made a $94 million (1.4 billion Rand) investment in South Africa Webuycars, a specialized car buying service. The investment was through Naspers' Classifieds business, OLX...
Careem

Uber apparently wants to acquire Careem for around $2B to $2.5B

Rumors of Uber acquisition of Careem won't go away, even when the Egyptian Competition Authorities warned them against any mergers. Bloomberg first reported in July that Uber was looking to merge...
Uber new logo

Uber continues with expansion across Africa. Next stop is Mauritius

Uber is expanding to Mauritius, an Indian Ocean island nation known for its beaches, lagoons, and reefs. That is according to a job advert on the company's website. Uber is looking...
Jumo CEO Andrew Watkins-Ball. funding

Cape Town based Jumo closes $52M from Goldman Sachs

Jumo, a company that offers loans to the unbanked in Africa, has closed $52 million in a venture round according to TechCrunch. Goldman Sachs led the round, though, there was participation from...
The Carlyle Group

The Carlyle Group has completed the acquisition of Uganda’s Abacus

The Carlyle Group has announced its acquisition of Uganda's Abacus, a pharmaceutical company. "The Carlyle Group announces that it has completed the acquisition of a majority stake in AK Life Sciences...
tpay logo A15

Egypt’s A15 sells its 76% stake in Dubai’s TPAY to Helios

A15, a tech investment fund, has sold a 76% stake in U.A.E. based fintech company TPAY to Helios Investment Partners. There were no specific monetary details revealed. According to A15, the sale...
Uber new logo

Uber re-brands with new and simpler logo

Last week, Uber unveiled its new identity with a new and simpler logo. The company dropped their previous all-caps logo and opted to go with a custom typeface that has only...
Sisu Global Health

The Funding Brief: Sisu Global raises $1.2M to expand to Africa, and more

From MEST's $700,000 planned investment in 7 startups to SnapChat's $150,000 investment in South Africa's Hashtag Our Stories, here's all the funding activity for the week. 1. Investec, Crossfin concludes Series-A round...
Safeboda academy boda bodas

Safeboda launched academy to professionalize boda bodas

Yesterday , Uganda's ride-hailing startup, SafeBoda launched their training academy to professionalize boda bodas. "SafeBoda has a new training center in Kyebando, Kampala," wrote the startup. Dr. Kasima Stephen (AIGP), the...