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Seedstars World to embark on a 20-country African tour in 2016

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Seedstars World, the global seed stage startup competition for emerging markets and fast-growing startup ecosystems, has announced an African tour that will see it travel through 20 countries looking for promising entrepreneurs as it seeks startups to compete at the global final in Switzerland with a chance of walking away with up to $1 million… Read More »

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Facebook hires Google Exec. Regina Dugan to Lead Its New Hardware Division Called “Building 8”

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On Wednesday, Facebook unveiled its’ research lab to develop hardware products and hired a top Google executive to lead the effort, underlining the social-networking company’s broadening technology ambitions. The new head Regina Dugan — a former Pentagon research chief who joined Alphabet Inc.’s Google in 2012 and who helped shape such Google initiatives as Project Tango (3-D mapping capability… Read More »

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Tritech Media acquires controlling stake in SA advertising startup Ionizr

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South African digital media firm Tritech Media has acquired an effective 51 per cent interest in local real-time proximity advertising startup Ionizr. Ionizr, which was launched in September 2015 markets itself as the first company in South Africa to combine technology, internet of things (IOT), analytics, marketing and digital media to provide advanced data-driven location-based… Read More »

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PayPal co-founder raises $100M for his lending startup Affirm

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Max Levchin, a longtime entrepreneur who previously served as co-founder and chief technology officer at PayPal, has raised $100 million for lending startup Affirm, which he co-founded in 2012. Affirm gives consumers without a credit history or savings buying power. The startup offers financing for online purchases, such as a couch or guitar, which is… Read More »

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Alibaba pays $1 billion for a controlling stake in E-Commerce Startup Lazada

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On Teusday, Chinese Internet giant Alibaba Group Holding Ltd. announced that it had acquired a controlling stake in Singapore e-commerce startup Lazada Group, its biggest overseas acquisition to date. The move will capitalize on growth in the populous Southeast Asia. The acquisition of Lazada—which sells everything from rice cookers to smartphones and operates e-commerce platforms… Read More »

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Product Hunt: Disrupting the Tech and Startup Space

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Starting a business is not an easy task. However, with the help of mobile marketing and social media apps they could help grow your business. Have you tried Product Hunt yet? Product Hunt is a free online community for product-loving enthusiasts to share news and info about the latest items in tech. That includes websites,… Read More »

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What can we expect from Facebook F8?

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Facebook’s annual developer conference F8 is starting in San Francisco today. Over the course of the next two days we’re expecting to see a range of announcements coming from the social media giant, including updates to Messenger, Instagram, virtual reality and live video. The main focus, similar to what we saw at Microsoft’s Build last month, is expected… Read More »

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Tech Incubator Techstars gears up for first-ever African program

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Startup incubator Techstars has announced the first 10 businesses – all in fintech – for its newly opened Barclays Accelerator partnership program in Cape Town. The lucky companies are: Inuka Pap (from Kenya), BimaAfya (Tanzania), Social Lender (Nigeria), Beyonic (US, focused on Uganda and Kenya as its initial markets), tech4farmers (Uganda), Asoriba (Ghana), Reable (Lebanon),… Read More »

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