It’s becoming very cloudy in Africa with some of the world’s largest tech companies fighting for control in the sky. There’s been a rush of new entrants vying for their slice of the African cloud computing market that’s estimated to be worth $200 billion globally with Amazon’s (AMZN -0.89%) AWS leading the way, according to Statista. The reason for this rush is clear: data is the new oil, and Africa has a lot of it.
The NBA is continuing to shoot its shot at finding the next global superstar who hails from Africa. It wants to find the next generation of stars in the continent, where basketball is one of the fastest-growing sports. Already, the ball seems to be rolling with the NBA’s Basketball Africa League, alongside notable investors like Grant Hill, Dikembe Mutombo, and former President Barack Obama contributing to its $1 billion valuation.
By Claire Obae The NBA is looking to Africa for its next global superstar as the sports popularity grows across the continent NBA’s Basketball Africa League includes notable investors like Grant Hill, Dikembe Mutombo, and former President Barack Obama contributing to its $1B valuation The NBA is continuing to shoot its shot at finding global
Zimbabwe is blaming the rise in the inflation rate across the country on mobile money, and wants to prevent the U.S. dollar taking over as the de facto currency once again. The country has declared a ban on lending by banks, shutdowns of fintechs and strict requirements on the use of mobile money in a bid to give the local currency a standing chance. In March, the local currency was trading at 210 Zimbabwean dollars for $1 and now at 400 Zimbabwean dollars for $1.
Zimbabwe is blaming the rise in the inflation rate across the country on mobile money, and wants to prevent the U.S. dollar taking over as the de facto currency once again. The country has declared a ban on lending by banks, shutdowns of fintechs and strict requirements on the use of mobile money in a bid to give the local currency a standing chance. In March, the local currency was trading at 210 Zimbabwean dollars for $1 and now at 400 Zimbabwean dollars for $1.
By Claire Obae Mike Tyson wants you to chomp down on his latest cannabis snack “Mike Bites,” ear shaped gummies The global cannabis infused edibles market could exceed $11.5B by 2025 Former HeavyWeight boxer Mike Tyson wants you to chomp down on his latest cannabis snack “Mike Bites,” ear shaped gummies. The shape of his
By Claire Obae 8 African fintech companies managed to raise $100M in 2021 A huge chunk of the investment came from foreign investors who showed a keen interest in the fintech sector A new class of African startups just got a major stamp of approval with eight start-ups hitting the $100 million mark in fundraising.
By Claire Obae 8 African fintech companies managed to raise $100M in 2021 A huge chunk of the investment came from foreign investors who showed a keen interest in the fintech sector A new class of African startups just got a major stamp of approval with eight start-ups hitting the $100 million mark in fundraising.
