Israel News

Omobola Johnson, Senior Partner, TLcom and Nigeria's former Minister of Communication Technology. Credit: ITU

VC firm TLcom rakes in $40 million for new Africa fund

London and Nairobi-based venture firm TLcom Capital has raised $40 million for its new Africa fund. The target is $100 million. TIDE Africa Fund will focus on tech startups in Sub-Saharan Africa.

Alassane Ouattara, President of Ivory Coast

President Alassane Ouattara sees transformative potential in Ivory Coast's economic comeback

President Alassane Ouattara sees transformative potential in Ivory Coast’s economic comeback — not just for his country, but also for the largely untapped and underserved west African market of more than 300m.

South African mercenaries are reportedly operating in Nigeria's remote north-east, fighting the Boko Haram insurgents.

Mercenaries in Africa: South Africa struggles in vain to ban soldiers of fortune

During the 1980s, Leon Lotz fought for the “Koevoet” (“crowbar” in Afrikaans), a South African apartheid-era paramilitary unit charged with rooting out nationalist guerrillas in what is now Namibia — acting as “the crowbar which prises terrorists out of the bushveld like nails from rotten wood,” in the words of South Africa’s then minister of law and order, Louis le Grange.

Harmattan wind

How not to write about Africa: Use "African Spring"

On October 30, as thousands of determined Burkinabe put an end to the 27 year rule of their Western-backed autocratic leader, Blaise Compaoré, journalist Hewete Selassie asked a question (in a tweet) that pops up whenever mass protests break out somewhere in Africa: “So is #BurkinaFaso the beginning of the African #Arabspring?”

Easy Taxi

Easy Taxi, which operates in 32 countries including Nigeria, Ghana, Kenya and Egypt, secures additional $40M in series D fund raising

Easy Taxi, a leading mobile taxi app in Latin America, Africa, Middle East and Asia, secured USD 40m in Series D funding led by the Russian Phenomen Ventures with participation of Tengelmann Ventures, the investment company of Germany’s multi-sector retailer Tengelmann Group.

Stephen Olabisi Onasanya, managing director of First Bank of Nigeria, and Efi Dahan, PayPal's regional director of Israel and Africa shake hands at the announcement of a partnership between First Bank and PayPal.

First Bank confirmed as PayPal's official partner in Nigeria

Nigeria’s oldest commercial bank, First Bank Nigeria, has been announced the official partner of PayPal in Nigeria.

Avigdor Liberman, Foreign Minister, Israel

Israeli Investors Woo African Companies

Israel’s government is leading 50 executives this week on a tour of Africa in a bid to diversify business interests amid the threat of international boycotts and irritation over new corporate taxes.