Billionaire of Bitcoin Wallet Xapo wants to Invest in Kenyan Tech Company

Billionaire of Bitcoin Wallet Xapo wants to Invest in Kenyan Tech Company

44-year old Argentian born tech-preneur, Mr Wences Casares is in Nairobi to celebrate the Sh4.8 billion joint investment in Kenyan-owned digital payments firm Cellulant earlier this month by US firms Endeavor Catalyst and Rise Fundhas. The founder and CEO of Hong Kong-based Xapo, a four-year old firm that also enables investors to spend their digital cash (bitcoins) via a debit card. “My biggest regret is that I have sold startups for billions of dollars. Yes,…

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TPG Growth acquires stake in Kenya’s Cellulant for $47.5 million

TPG Growth acquires stake in Kenya’s Cellulant for $47.5 million

Africa’s fintech industry has won another big gold mine investment score after the Rise Fund, an impact fund run by private equity group TPG Growth, made its African first, leading a $47.5m deal to buy an unspecified stake in digital payments provider Cellulant. The deal, according to the Rise Fun, also included Endeavour Catalyst and Satya Capital, is the largest involving a fintech company that does business only in Africa. “Much of the [fintech investment]…

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Kenya’s Chebet Lesan is the winner of CookStoves Woman Entrepreneur of the Year Award

Kenya’s Chebet Lesan is the winner of CookStoves Woman Entrepreneur of the Year Award

May 2, 2018, Lisbon — At the Sustainable Energy for All Forum today, The Global Alliance for Clean Cookstoves announced Chebet Lesan as the winner of its Woman Entrepreneur of the Year Award. The award program, in its second year, recognizes outstanding female leaders in the household energy sector who are advancing clean cooking solutions in emerging markets. Chebet founded BrightGreen in 2015 to create cost-cutting, eco-friendly cooking fuel for low-income families in Kenya. BrightGreen…

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Fezile Dhlamini was rejected by Uber & Taxify ten times, It inspired him to launch Green Scooter in South Africa

Fezile Dhlamini was rejected by Uber & Taxify ten times, It inspired him to launch Green Scooter in South Africa

Entrepreneurship is one of the biggest buzzwords in today’s vocabulary, almost every youth is looking to be the new Bill Gates, Steve Jobs or even nearer home Aliko Dangote, Strive Masiyiwa. Rarely have such opportunities come by on a silver platter, some like the amazing story of our entrepreneur of the Month Fezile Dhlamini, the Founder and Managing Director of South Africa’s only Green Scooter (PTY) Ltd truly inspire. Fezille set out to tell us how…

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Michaella Rugwizangoga appointed CEO of Volkswagen Mobility Solutions Rwanda

Michaella Rugwizangoga appointed CEO of Volkswagen Mobility Solutions Rwanda

Volkswagen Group South Africa has appointed Michaella Rugwizangoga as the Chief Executive Officer of Volkswagen Mobility Solutions Rwanda. Rugwizangoga, a Chemical Engineer by profession comes to Volkswagen with a wealth of strategic planning, project management and product development experience. As a World Economic Forum’s Global Shaper and an active member of the Kigali Hub, Rugwizangoga will be able to use her international experience and Rwandan heart to lead Volkswagen Mobility Solutions Rwanda to become an…

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Amazon’s Jeff Bezos beats Bill Gates as world’s richest person briefly after shares surge

Amazon’s Jeff Bezos beats Bill Gates as world’s richest person briefly after shares surge

The founder Amazon, Jeff Bezos momentarily beat Microsoft Founder Thursday morning as the world’s richest person. The result was due to a spike in the Amazon.com Inc. shares. This advance of the online retailer’s earnings report briefly propelled to make him top richest person. Shares of the online retailer fell 0.7 percent to $1,046 at 4 p.m. in New York, after surging as high as $1,083.31 four hours earlier, the climb gave Bezos a net…

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M-Pesa boss quits after a year at Safaricom

M-Pesa boss quits after a year at Safaricom

The head of M-Pesa Ronald Webb has exited Safaricom after just an year at the job. Mr. Webb he company’s director of financial services had been poached from Equity Bank and is leaving at a seemingly critical juncture when the Safaricom firm is undertaking a major upgrade of the mobile money platform. The CEO of the telco, Bob Collymore, Safaricom’s, on Monday informed his employees through a memo of Mr Webb’s imminent departure, saying he…

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Uber CEO Travis Kalanick Resigns after Susan Fowler’s Blog triggered an Avalanche

Uber CEO Travis Kalanick Resigns after Susan Fowler’s Blog triggered an Avalanche

Uber CEO Travis Kalanick has finally resigned joining an un-prestigious club of many other CEOs and start up founders who have been forced out of their company due to various reasons. Last week Mr. Kalanick penned a letter to Uber’s employees that he was taking a sabatical, some time off of the day-to-day to grieve my mother. This started speculations that he had lost his boardroom. According to a post by  the New York Times,…

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MainOne CEO, Funke Opeke is top influencer transforming data center & cloud in EMEA

MainOne CEO, Funke Opeke is top influencer transforming data center & cloud in EMEA

The CEO of MainOne, West Africa’s connectivity and data centre solutions firm, Ms Funke Opeke, has been nominated as one of 50 top influencers transforming the data center and cloud landscape in Africa, Middle East and Europe (EMEA) at the DataCloud Europe 2017 conference in Monaco. The DataCloud Europe conference which was attended by over 1,800 Data Center and Cloud executives from more than 60 countries. Gbenga Adegbiji, General Manager of MainOne’s MDXi Data Centers,…

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Ghanaian Tech Exec. Bozoma Saint John Leaves Apple to Join Uber

Ghanaian Tech Exec. Bozoma Saint John Leaves Apple to Join Uber

Uber has announced that one of Silicon Valley’s top black female executives, Bozoma Saint John, is leaving tech giant Apple to join Uber. Ms Saint John, who was born in Ghana before moving to the US when she was a teenager, was a marketing executive at Apple and has now taken on the role of Uber’s new Chief Brand Officer, the company announced on Twitter. Bozoma Saint John is hitting the road with us as…

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