The Daily Brief: Egypt's Buseet secured funding from Cairo Angels & 500 startups

Egypt has witnessed an increasing amount of funding activity in the past few months. From Vezeeta to MAYDAY and now Buseet. You can check out more on our deals section. That and more is what we have in today's brief.

Seacom acquires SAI to speed up growth in KZN

Seacom has completed the 100% acquisition of SME-focused Internet service provider, SAI, in KwaZulu-Natal. In a statement, the telecoms company says the acquisition follows the launch of Seacom Business in 2015 and supports its plans to deliver. Full details on IT Web.

BeForward Moves Into Online Real Estate

BeForward is known for selling cars, but they are now moving into real estate. BeForward Real Estate (BFR) launched earlier this year in Zambia and they are also operating in Tanzania. Like many other property listing websites, BeForward Real Estate allows users to advertise their properties on the website free of charge. Full details on TechZim.

Alibaba to aid in Kenya’s quest to conserve its wildlife

Kenya’s Ministry of tourism and wildlife is set to partner with China-based Alibaba Group through its cloud-computing arm. The two entities will collaborate to develop a suitable strategy for the deployment of cloud computing technology to help in wildlife protection in Kenya. Full details on TechMoran.

BBOXX, GE partner to power schools, businesses in DRC

First of GE's Hybrid Distributed Power (HDP) system has been deployed in the city of Goma through a partnership with BBOXX. The aim is to provide energy access to small businesses, schools, and other organizations in Goma, Democratic Republic of Congo (DRC). Full details on ITWeb Africa.

Transport Tech Startup Buseet Secures Funding From Cairo Angels And 500 startups

Cairo-based transport tech startup Buseet has successfully closed a seed investment round from a group of investors. The startup did not reveal the amount of funding it received. Though the round was led by Cairo Angels with participation from 500 Startups. Full details on Forbes Middle East.

French ICO framework could enrich Africa’s Blockchain ecosystem

France recently introduced a legislative-backed framework to regulate the conduct of initial coin offerings (ICOs) and the initiative could be taken up in Africa. ICOs, a new Blockchain-based mechanism for start-ups to crowdfund by issuing tokens in support of their projects, has gained global momentum but remains largely unregulated. Full details on ITWEB Africa.

Standard Bank withdraws MTN Nigeria-related cautionary

Standard Bank Group has withdrawn a cautionary announcement to shareholders related to demands placed on it by Nigeria’s central bank (CBN) after receiving a letter from the CBN promising a review of the situation. This comes weeks after Nigeria wanted to end a dispute with MTN Group over a claim that the telecommunications operator illegally transferred $8.1-billion out of the country. Full details on Tech Central.

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