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Opera’s Africa fintech startup OPay gains $120M from Chinese investors

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Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet...

Google finishes the install of its private Curie cable, announces Panama...

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Google today announced that it has finished the install and test of its private Curie cable. When it was announced, Curie, which connects the...

Solar based ISP startup Tizeti launches 4G LTE network in Nigeria

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Nigerian internet service provider Tizeti has launched its first 4G LTE network. The Y-Combinator backed startup — that uses solar powered towers to deliver net...

Naspers Foundry is open for South African startup pitches, CEO says

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Naspers’ 1.4 billion rand (≈$100 million) VC fund to support South African startups — Naspers Foundry — is accepting pitches, after making its first...

Voter manipulation on social media now a global problem, report finds

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New research by the Oxford Internet Institute has found that social media manipulation is getting worse, with rising numbers of governments and political parties...

Canal+ acquires Nollywood studio ROK from IROKOtv to grow African film

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French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010—and backed...

South African SME finance startup Lulalend raises $6.5M Series A

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South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital. The Cape Town based startup uses...

Nigerian data analytics company Terragon acquires Asian mobile ad firm Bizense

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Nigerian consumer data analytics firm Terragon Group has acquired Asian mobile marketing company Bizense in a cash and stock deal. Based in Singapore, with operations in India and Indonesia, Bizense...

Africa Roundup: Local VC funds surge, Naspers ramps up and fintech...

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Jake Bright Contributor More posts by this contributor Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies Tarform debuted new e-motorcycles but...

Naspers announces $300 million initiative to support startups and tech in...

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Jake Bright Contributor More posts by this contributor Marieme Diop and Shikoh Gitau to speak at Startup Battlefield Africa Local venture capital fund formation is...