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South Africa: Broadband Infraco to be acquired by Vodafone

Vodafone Group Plc’s South African unit is considering a bid for unprofitable state-owned Internet company Broadband Infraco, as the country works toward the privatization of some government assets. The potential sale of Broadband Infraco would follow a report commissioned by President Jacob Zuma that showed South Africa should consider selling stakes in state-owned companies to private entities […]

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Africa: Mozambique & Malawi Open for Business

Scottish Secretary David Mundell has signed-off his trip to south-east Africa with an appeal for Scottish companies to invest in the region. Mr Mundell said Mozambique and Malawi were “definitely open for business” and urged firms north of the border to “take advantage of that”. Mozambique could become one of the world’s largest gas producers […]

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Africa: Kuruka.com aims to ease intra-continental travels

An exciting new travel start up Kuruka.com which has been added to the online travel industry in sub-Saharan Africa seeks to introduce great excitement into the online travel industry. The online site is already causing great ripples on the online travel front of the continent and revolutionizing the way of doing things in the industry. […]

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Africa: Goldman Sachs invests into Africa Internet Group

The big tech news is the recent torrent of capital to Africa Internet Group (AIG)—that owns online retailer Jumia and 9 other e-ventures. Recently, AIG announced €300 million ($326 million) in funding from backers including Goldman Sachs and MTN. CEO Sacha Poignonnec confirmed the new financing brings company equity to €1.005bn ($1.08bn). This clears the hurdle for AIG to become Africa’s first startup unicorn. There […]

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Africa: Dangote Group emerges the African Company of the Year

Dangote Group has emerged “African Company of the Year” at the just-concluded Africa CEO Forum held in Abidjan, Cote d’Ivoire. To clinch the General Electric (GE) sponsored award, Dangote Group emerged top among eight other international companies nominated through a special process that considered several factors. Also, the Chairman of Honeywell Group, Chief Oba Otudeko, […]