Silvertree Capital News

World Bank launches program, XL Africa, to support Africa’s top tech entrepreneurs. Credit: infodev.org

World Bank launches program, XL Africa, to support Africa's top tech entrepreneurs

With support from prominent African investment groups, XL Africa will help 20 selected startups attract early stage capital of between $250,000 and $1.5 million.

Jumia staff in Lagos, Nigeria

The web startups looking to cash in on 1 billion African consumers (Photos)

It is a cliched image. Passengers lined up at the check-in desk for various flights back to African capitals, trolleys overloaded and suitcases straining at the weight limit.

Justin Clarke, CEO, One Africa Media & Acting CEO, Ringier One Africa Media

Ringier Africa and One Africa Media form joint venture

Ringier Africa and One Africa Media (OAM) have agreed to merge their pan-African Classifieds assets to create and grow Africa’s largest classifieds group.

Nigerian e-commerce site DealDey gets acquired by Swiss media group Ringier (Infographic)

Nigerian e-commerce site DealDey gets acquired by Swiss media group Ringier (Infographic)

The African subsidiary of Swiss media and e-commerce company Ringier has acquired Nigerian online shopping startup DealDey for an undisclosed amount.

South Africa's Silvertree Capital to invest $10M in African startups

South Africa's Silvertree Capital to invest $10M in African startups

Silvertree Capital, the investment arm of Cape Town-based Silvertree Internet Holdings (SIH), plans to invest US$10m (about R170m) in consumer-focused Internet start-ups in 2016, it said on Tuesday.