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Jumia’s Woes Deepens as Rocket Internet Divests Stake

Jumia’s key investor, Rocket Internet, has sold its stake in the giant e-commerce firm leading to speculations that all may not be well with Jumia. Rocket Internet, the German tech investment firm appears to have taken the option of divesting and severing ties with Jumia which has seen its shares fall steadily since going public last April. Read more from source article: https://afrikanheroes.com/2020/04/06/jumias-woes-deepens-as-rocket-internet-divests-stake/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Global VC firm Antler commits up to $500k in funding to startups battling COVID-19

In response to the COVID-19 outbreak, the company is inviting startups to propose solutions in mitigation, medical equipment, remote health and digital tools, and plans to invest in up to five teams and deploy up to US$500,000. Read more from source article: https://disrupt-africa.com/2020/04/global-vc-firm-antler-commits-up-to-500k-in-funding-to-startups-battling-covid-19/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

UK govt in Africa renewable energy push

UK’s government has prioritised the renewable energy sector as key to its Africa push, as it works to strengthen ties with the continent following its exit from the European Union. Key renewable energy areas of focus will include solar, wind and hydro power. The UK will also halt investments into non-renewable energy generation sources such as coal powered generation plants. Read more from source article: https://peafricanews.com/__trashed-2/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

PowerGen Conference & African Utility Week

With an expected audience of more than 10,000 power and T&D professionals from over 85 countries, POWERGEN Africa and African Utility Week will provide a comprehensive end-to-end power focus that encompasses generation, transmission and distribution, new technologies and water.  Read more from source article: https://www.powergenafrica.com/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Coronavirus Drives 72% Rise In Use Of Fintech Apps

The coronavirus has driven a massive 72% rise in the use of fintech apps in Europe, according to new research published today by deVere Group. At a time when most sectors of the global economy are beginning to feel the effects of what may already be a worldwide recession, the sharp jump in app adoption and usage provides encouraging news for the fintech industry. And it comes as yet another indication that the long-term legacy of the coronavirus will be an increasingly digital and online society. Read more from source article: https://www.forbes.com/sites/simonchandler/2020/03/30/coronavirus-drives-72-rise-in-use-of-fintech-apps/#460f241166ed Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

FinTech Startups & Tech Raise US$260.6M in Q1 of 2020

African startups and tech companies raised more than US$260.6 million over 57 disclosed deals in the first quarter of 2020. A total of 79 deals in the form of equity, debt and grant were raised from over 80 investing institutions and individuals as captured by the Founder360° team. Read more from source article: https://founder360mag.com/fintech-leads-as-african-startups-tech-companies-raise-us260-6m-in-q1-of-2020/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Fintech in Africa to Grow from $200M Currently to $3 Billion by 2020

Millions more people in Africa now have access to financial systems thanks to cashless systems using digital technology, and more and more people are seeing the benefits of mobile banking, according to Ecobank, the leading independent pan-African banking group. Speaking at the Africa Tech Summit in Kigali, Rwanda, Nshuti Lucy Mbabazi, Assistant Vice President, Push Payments for the Ecobank Group, explained the importance of fintech and moving towards a cashless society: “Digital technology is central to what we do at Ecobank. Technology offers us great opportunities to open up new markets, increase choice and speed delivery of services.” Read more from source article: http://thespiritedhub.com/nshuti-mbabazi-fintech-in-africa-to-grow-from-200m-currently-to-3-billion-by-2020/ Click here to subscribe...

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