UAE aims to convert oil wealth into tech prowess
H.E. Al Olama recently spoke about the burgeoning Emerati startup and venture capital ecosystem, and the country’s approaches to attracting U.S. VC investment.
Crypto trading volume drops in India as additional taxes hit investors
India on July 1 implemented a 1% tax on cryptocurrency trades over 10,000 Indian rupees, or about $127. There’s already been a chilling effect on Indian digital asset marketplaces.
Nigeria’s internet regulator releases draft to regulate Google, Facebook, TikTok and others
Nigeria has announced plans to regulate internet companies like Facebook, WhatsApp, Instagram (all owned by Meta), Twitter, Google and TikTok in a draft shared by the country’s internet regulator.
6 reasons to invest in startups from Ukraine
For more than three months, Ukraine has been at war with Russia. That might look like a red flag from an investor's perspective, but everything is not so black and white in the country's tech sector.
Fears grow for smaller nations after ransomware attack on Costa Rica escalates
The Russia-linked ransomware gang demanded $20 million in ransom — and the overthrow of Costa Rica's elected government. Where does that leave smaller, equally vulnerable nation states?
Norebase raises $1M to allow companies start, scale, and operate in any African country
Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. And in trying to sweet-talk investors, what’s not taken into c
Sudan’s first YC-backed startup is helping consumers protect and grow their wealth
Anglophone East Africa is home to over 400 million people, with half under 25. The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in East Africa do not
Russia says it will block Facebook, its latest effort to control the narrative on Ukraine
A week after introducing partial restrictions on Facebook, the Russian government announced Friday that it would begin blocking the social network in the country outright. Russia’s internet regu
With a Section 1045 rollover, founders can salvage QSBS before 5 years
Section 1045 allows a founder or stockholder whose company has been sold before the five-year holding period to defer the capital gain by rolling the sale proceeds into a replacement QSBS.
Portuguese VC Faber to launch Faber Blue, a €30M fund for ocean sustainability
Portuguese VC Faber is launching a new fund, Faber Blue Pioneers I, to invest in early-stage startups — primarily from Portugal and Southern Europe — developing innovative “deep tech sol
Pivoting from offline into virtual events for enterprises nets Tame a $5.5M seed round
In March 2020, Tame had a digital event suite for offline corporate events. But with the pandemic hitting, it did a hard pivot into providing a highly customizable virtual events platform, primarily u
US cuts trade ties to Myanmar, leaving internet access uncertain
The U.S. government has cut trade ties to Myanmar, two months after the country’s military staged a coup overthrowing the country’s president and also its de facto leader, Aung San Suu Kyi
Jamaica’s JamCOVID pulled offline after third security lapse exposed travelers’ data
Jamaica’s JamCOVID app and website were taken offline late on Thursday following a third security lapse, which exposed quarantine orders on more than half a million travelers to the island. JamC
Bringing micromobility to Africa
When you look at maps of micromobility across the world, it appears there’s not a ton of activity throughout Africa. Well, that’s because there’s not, Gura Ride founder and CEO Tony
PandaDoc employees arrested in Belarus after founders protest against Lukashenko regime
Yesterday four employees (pictured) of U.S.-headquartered enterprise startup PandaDoc were arrested in Minsk by the Belarus police, in what appears to be an act of state-led retaliation, after the com
Opera’s OPay still plans Africa expansion on Nigerian super app
Opera’s Africa fintech startup OPay remains committed to building a multi-service super app in Nigeria as the foundation to expand on the continent. OPay also continues to operate ORide for limi
Goldman-backed ventures Jumia and Twiga partner on produce in Kenya
Pan-African e-commerce company Jumia and B2B agtech startup Twiga Foods are partnering to deliver produce in Kenya using adaptive measures during COVID-19. Jumia offers online goods and services verti
Jumia adapts Pan-African e-commerce network in response to COVID-19
Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19. The Nigeria headquartered operation — with online goods and services verticals in 11 Afric
CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak
Africa’s largest innovation incubator, CcHub, will offer funding and engineering support to tech projects aimed at curbing COVID-19 and its social and economic impact. The Lagos and Nairobi base
After VCs spend millions Nigeria restricts ride-hail motorbike taxis
Nigeria’s commercial hub of Lagos has shaken up its transportation order. At the center are the West African country’s motorcycle taxis — referred to locally as okadas — which face new