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Subtle racism and insidious neocolonialism in Nigeria’s startup ecosystem

Subtle racism and insidious neocolonialism in Nigeria’s startup ecosystem: Paul Adepoju

One of the big stories in Africa’s startup ecosystem this month was the announcement of Chan Zuckerberg Initiative’s $24 million investment in Nigeria-linked startup Andela. We saw it as a great moment for the African tech space.

MTN's latest turnaround strategy involves poaching top executives from its arch rival

MTN's latest turnaround strategy involves poaching top executives from its arch rival

Africa’s largest telecom is appointing a new CEO, and shaking up its board and top executives.

Ghana's leading off-grid solar company PEG raises $7.5 million to expand activities in West Africa

Ghana's leading off-grid solar company PEG raises $7.5 million to expand activities in West Africa

PEG, the leading off-grid solar company in Ghana, announced on Thursday that it has closed a $7.5 million Series A round.

Rob Shuter, incoming CEO, MTN Group

South Africa's MTN names Vodafone Europe Head Rob Shuter as CEO

South African mobile phone operator MTN Group named the head of Vodafone Europe as its new CEO on Monday, bringing in an outsider with a risk-management background 10 days after it agreed to pay a $1.7 billion fine in Nigeria.

Nigeria's naira is tumbling after a currency float, but that's a good thing

Nigeria's naira is tumbling after a currency float, but that's a good thing

After the first day of trading following a currency float, the value of Nigeria’s naira dipped by 31%, selling at 288.85 naira as markets closed on Monday (June 20).

Trace TV buys pan-African VOD platform Buni.tv

Trace TV buys pan-African VOD platform Buni.tv

Trace TV has announced the acquisition of pan-African VOD service Buni.tv, in preparation for the launch of its own VOD platform Trace Play, slated for later this year.

Chimamanda Ngozi Adichie

Akosua Adoma Owusu to Adapt Chimamanda Ngozi Adichie Short Story

Another novel by acclaimed Nigerian author Chimamanda Ngozi Adichie is getting the film treatment.

UberEverything will have to get round logistics difficulties in cities like Lagos. (AP Photo/Sunday Alamba)

Uber Africa will diversify beyond car rides this year with its UberEverything service

Having nearly perfected the business of moving people around on the continent, Uber is set to diversify the core of its business in sub Saharan Africa with the introduction of UberEverything.

African internet traffic to grow six-fold by 2020

Fact of the Day: African internet traffic to grow six-fold by 2020

Africa’s internet traffic will grow six-fold by 2020, when the Middle East and Africa internet traffic will be equivalent to 527 times the volume of the region’s in 2005.

Taste Holdings - Leading Starbucks' African Charge

Taste Holdings: Leading Starbucks' African Charge

Lattes were selling like hotcakes at the Starbucks in the Johannesburg suburb of Rosebank during the grand opening on April 21st.

Tanzanian stock exchange's IPO oversubscribed nearly five times

Tanzanian stock exchange's IPO oversubscribed nearly five times

The sale of shares in Dar es Salaam Stock Exchange (DSE) to the public was oversubscribed by nearly five times, the bourse said on Thursday.

Issam Darwish, Executive Vice Chairman & CEO, IHS Towers

IHS Towers closes the first African mobile infrastructure consolidation transaction with HTN Towers

IHS Holding Limited (IHS), the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has completed the acquisition of Helios Towers Nigeria Limited’s (HTN) 1,211 diversified tower sites throughout Nigeria.

Ebi Atawodi, General Manager, Uber Lagos

Uber, the sharing economy and the future of transportation in Lagos

CNN says Uber could be bigger in Lagos than it is in London. In its first 16 months, Uber provided 30% more rides in Lagos than it did during its first 16 months in London.

This Startup Trains Africa's Elite Coding Apprentices For Giants Like IBM & Microsoft

This Startup Trains Africa's Elite Coding Apprentices For Giants Like IBM & Microsoft

As a teenager growing up in Lomé, the capital of Togo, Faiçal Tchirou taught himself to code at a cybercafé. He wanted to help his mother manage the small pharmacy she owned.

With Kenya's Safaricom, Uber will face a rival it won't be able to beat so easily

With Kenya's Safaricom, Uber will face a rival it won't be able to beat so easily

In Africa, local taxi companies and startups have been working hard to compete with Uber but the ride hailing company has managed to outmaneuver most of them.

Nico Bezuidenhout, incoming CEO, FastJet

FastJet names Mango Airlines CEO Bezuidenhout as CEO

FastJet has hired Nico Bezuidenhout, CEO of Mango Airlines, South African Airways’ low cost unit, as CEO to help revive the U.K. discount airline following a plunge in its share price and an escalating spat with a top investor.

Kenya's Safaricom to launch local rival to Uber.

Little Cabs: Kenya's Safaricom to launch local rival to Uber

Kenya’s biggest telecoms company Safaricom is joining up with a local software firm to launch a ride-hailing company to take on Uber as it seeks new sources of revenue, its CEO said.

Phuthuma Nhleko, Executive Chairman, MTN

MTN settles Nigeria fine & looks at listing on the Nigerian Stock Exchange

MTN Group has agreed to pay a reduced fine of 330 billion naira ($1.7 billion) in a settlement with the Nigerian government of a long-running dispute over unregistered SIM cards, sending shares in the South African telecoms group soaring.

Uber Nigeria

Nigeria leads the way promoting ridesharing in Africa: Ebi Atawodi, General Manager, Uber West Africa

At the start of the last century, just one in seven people worldwide lived in cities. Today, it’s half and the UN predicts that by 2050, another 2.5 billion people will be living in urban areas.

Stephen Keshi is one of two people to win the Cup of Nations as a player and manager, and the only black African ever to coach at a World Cup. Photograph: Pius Utomi Ekpei/AFP/Getty Images

Stephen Keshi: Brawler, talker and most successful black African coach of all time

The former Nigeria and Togo manager, who died on Tuesday evening aged just 54, was, at the international level, the finest African coach of his generation.

Edoh Kossi Amenounve, General Manager, BRVM

West African BVRM exchange's revenue more than doubles in one year to $362M

Turnover on West Africa’s BRVM bourse more than doubled over the past year, reaching 209.26 billion CFA francs ($362.2 million) in late May.

Larry Illg, CEO, Naspers Ventures

Africa's largest company Naspers invests $60M in US online learning company Udemy

Udemy, a global marketplace for learning and teaching online, announced on Thursday a strategic investment of $60 million from Naspers through its Naspers Ventures division. Larry Illg, CEO of Naspers Ventures, is joining Udemy’s Board of Directors.

Kenya vs. Tanzania: The race to build Sub-Saharan Africa's largest port. Credit: bbc.com

Kenya vs. Tanzania: The race to build Sub-Saharan Africa's largest port

Kenya and Tanzania have long competed to have the most important port in East Africa and their rivalry is about to become more intense as they compete for the region’s business.

David Morley, Partner & Head of Real Estate, Actis

Actis raises $500M for largest ever real estate private equity fund targeting sub-Saharan Africa

Actis, a leading growth markets investor, recently announced that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totaling more than $500m, comfortably exceeding its original $400m target.

As it expands in Africa, Uber adapts to local markets and adopts cash payments

As it expands in Africa, Uber adapts to local markets and adopts cash payments

While Uber continues its push into Africa the company is making allowances to local markets and testing unique service models users wouldn’t see in other parts of the globe.

Interswitch: Africa’s first ‘unicorn’? Credit: eyefortravel.com

Interswitch: Africa's first 'unicorn'?

An integrated digital payments and transaction processing company in Nigeria has travel companies queueing up, writes Sally White.

Philip Akesson, Country Manager, Travelstart Nigeria

Travelstart appoints Philip Akesson as Nigeria Country Manager

Travelstart has just announced the hiring of Philip Akesson as Nigeria Country Manager, effective June 1st, 2016. Akesson will be based in Travelstart Nigeria’s office in Ikeja, Lagos.

Ashish Thakkar, Founder, Mara Group. Credit: thenational.ae

GE, Mara Group & Atlas Merchant Capital partner to invest in infrastructure across Africa

General Electric Africa (GE), Mara Group and Atlas Merchant Capital have partnered to help address infrastructure challenges in Africa through investments in equity projects.

David White, Chairman, Emerging Africa Infrastructure Fund (EAIF)

Emerging Africa Infrastructure Fund appoints Investec Asset Management to manage $670M fund

Following a competitive tender process that brought interest from over 30 companies, from across Europe, Africa and North America, the Emerging Africa Infrastructure Fund Limited (EAIF or the Fund) has appointed Investec Asset Management (IAM) as its fund manager.

Taxify's driver app, putting the driver first. Credit: Taxify/qz.com

Uber's rivals in Africa think they can win with happier drivers, traffic jam deals and even price haggling

Wherever there is a car, a decent road and a reliable GPS connection, there is Uber.