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South African Crypto Startup Luno Acquired By World’s Largest Blockchain Investor

Good news for founders and investors in leading South African cryptocurrency exchange, Luno. Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, has announced that it has acquired the company, 7 years after it was started. Good news for founders and investors in leading South African cryptocurrency exchange, Luno. Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, has announced that it has acquired the company, 7 years after it was started. Here Is What You Need To Know Nothing is however changing in the leadership team of the company as Luno’s team will remain intact and Swanepoel will lead acquisition...

Africa’s Great Green Wall Just 4% Complete Halfway Through Schedule

The world’s most ambitious reforestation project, the Great Green Wall of Africa, has covered only 4% of its target area but is more than halfway towards its 2030 completion date, according to a status report. More funds, greater technical support and tighter oversight will be needed if the plan to plant 100m hectares of trees and other vegetation is to be realised, say the authors of the study, which was unveiled on Monday at a meeting of regional ministers. The Great Green Wall was conceived in 2007 by the African Union as a 7,000km (4,350-mile) cross-continental barrier stretching from Senegal to Djibouti that would hold back the deserts of the...

Delivery Hero acquires InstaShop, MENA’s online grocery marketplace for $270m

Delivery Hero has acquired InstaShop, an online grocery marketplace in the Middle East and North Africa for $270 million, on a valuation of USD 360 million. The acquisition of InstaShop marks the next step in Delivery Hero’s quest to pioneer q-commerce – the next generation of e-commerce and will help it complement its position in grocery delivery. According to Niklas Östberg, CEO and Co-Founder of Delivery Hero, “I’m delighted to welcome InstaShop to the Delivery Hero family. The InstaShop team embodies our values and brings a strong vision and capabilities.” InstaShop was launched in June 2015 and is based in Dubai. The company generates approximately USD 300 million GMV on...

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