Want to learn about African immigrants? Mr. President, meet Africa’s tech sector

 President Trump’s comments about immigrants coming from “shithole” countries are continuing to stir up a shitstorm internationally. And while the language itself is bad enough, the President and his advisors need to also reboot their assumptions about the African continent — not just for the immigration debate but for U.S. foreign policy considerations. Among other… Read More

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A look back at the year that the Sub-Saharan African startup scene found its stride

 African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships, and some surprise failures. Africa is fast becoming home to a dynamic tech sector. Here’s a snapshot of the news that shaped that transition over the last year. Investment Andela’s… Read More

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Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending market

 After twelve years working for banks and consulting firms on the digital transformation of financial services, Creditas founder Sergio Furio finally found a problem he felt he could build a business around while at dinner with his Brazilian wife. Over dinner in their New York apartment one night in 2011 she casually mentioned that consumers in her country were paying over 200% interest rates… Read More

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Naspers, Innova Capital invest $82 million more for Movile’s iFood delivery business

 Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile — primarily to increase Movile’s stake in iFood, a Latin American food delivery vendor. Read More

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Brainly raises $14 million for its Quora-for-kids education tech

 It may not be as cool as Elon Musk building a rocket ship to Mars, but every day 100 million kids ages 12 to 18 are using Brainly to ask and answer homework questions. That simple service, at that massive scale, has convinced a new investor to commit another $14 million to the company as it seeks to expand its presence further in the U.S. Brainly already has 10% of the market of kids in that… Read More

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