Archive for June 2016

Tata Comm sells majority stake in its Africa ISP Neotel for $428M

Tata Comm sells majority stake in its Africa ISP Neotel for $428M

Tata Communications has signed an agreement with Liquid Telecom to sell its majority stake in South Africa based telecom provider Neotel for ZAR 6.55 billion.(~$428 million). The deal will allow Liquid Telecom to expand its telecom operations in South Africa, making it the largest pan-African broadband provider once it receives all regulatory and shareholders’ approval.
In [...]

Wendel makes its first investment in the African shopping malls sector by acquiring a stake in SGI Africa

PARIS, June 28, 2016 /PRNewswire/ — Wendel has signed an agreement to acquire 40% of the capital of SGI Africa, alongside the CFAO group.
SGI Africa is a fast-growing pan-African property company created by CFAO to support its retail development plan. SGI Africa develops and operates shopping centers primarily through its PlaYce brand. The company opened [...]

Blockchain Upstart Wades into World’s Leading Mobile-Payment Market: China

Blockchain Upstart Wades into World’s Leading Mobile-Payment Market: China

Circle Internet Financial, which uses bitcoin network for money transfers, raises $60 million for push
Circle Internet Financial Ltd., maker of an app that lets people send money to each other via bitcoin’s blockchain—the Internet network underlying the digital currency—says it is heading to China.
The Boston-based startup, backed by Goldman Sachs Group Inc., Breyer Capital, Accel, [...]

Aziz Ben Amor : Grâce aux OTT ,les services télécoms vont devenir des commodités

Aziz Ben Amor : Grâce aux OTT ,les services télécoms vont devenir des commodités

Le nombre d’utilisateurs des smartphones dans la région africaine devra atteindre bientôt 300 millions d’utilisateurs contre 60 millions en 2012, a -t-il précisé Mr Aziz Ben Amor , lors du salon SITIC Africa 2016, au parc des expositions du Kram.
Notant que le nombre des pays équipés par les réseaux 3G et 4G devra passer d’une [...]

Brexit Q & A’s: Finance and Financial Services

June 2016
Brexit Q & A’s: Finance and Financial Services
The Brexit process
What is the mechanism for leaving the EU?
The UK government is likely to use Ar cle 50 of the Treaty on European Union, under which a member state wishing to leave the EU must give no ce of its inten on to withdraw (a [...]

30 jeunes entrepreneurs africains parmi les plus prometteurs en 2016, selon le magazine Forbes

30 jeunes entrepreneurs africains parmi les plus prometteurs en 2016, selon le magazine Forbes

Les Kenyans, les Sud-africains et les Ghanéens dominent le classement des 30 jeunes entrepreneurs africains les plus prometteurs en 2016 publié par le magazine américain Forbes. Le Kenya place en effet six entrepreneurs dans ce classement qui recense les business angels âgés de moins de trente ans qui connaissent des réussites éclatantes dans divers domaines [...]

The evolution of the mobile payment

The evolution of the mobile payment

It’s anticipated that there will be more than 4.8 billion individuals using a mobile phone by the end of 2016. A recent report noted that 39 percent of all mobile users in the U.S. had made a mobile payment in 2015. This is up from 14 percent in 2014 and by my estimations will in [...]

European VC firm Draper Esprit raises over £100m from IPO

European VC firm Draper Esprit raises over £100m from IPO

The tech investment fund behind LOVEFiLM, graze and Lyst is thought to be the first of its kind to list on AIM
European venture capital (VC) fund Draper Esprit raised an initial £102m after floating on the Alternative Investment Market (AIM) and Dublin Stock Exchange yesterday.
Its decision to make its initial public offering (IPO) is said [...]

Fintech start-up Onfido closes $25m to break the US

Fintech start-up Onfido closes $25m to break the US

VC firms including Wellington Partners have backed Series B round in the Young Gun-founded background checking service
Onfido, the intelligent identity verification service founded by Growing Business Young Guns, has announced today that it has secured a $25m Series B round to “penetrate” the UK and US markets.
Wellington Partners, Idinvest Partners, and Crunchfund were among those [...]

La French Tech se met à l’heure africaine

Source : http://business.lesechos.fr/entrepreneurs/communaute/0211028253662-la-french-tech-se-met-a-l-heure-africaine-211448.php?xtor=EPR-21-%5Bentrepreneurs%5D-20160616-%5BProv_%5D-2110567%402