US Internet giant Google has acquired a stake in East African e-logistics company Lori Systems for an undisclosed sum.
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Tencent plans to sell all or a bulk of its R400-billion stake in food delivery firm Meituan to placate domestic regulators, sources said.
Just 18 months ago, Tencent Holdings was on the cusp of becoming Asia’s second trillion-dollar company. No more.
The Takeover Regulation Panel has accused Rain of flouting companies regulations in announcing its plan to approach Telkom’s board about a merger.
DataProphet, a player in artificial intelligence and autonomous manufacturing technologies, has secured a further $4.5-million in series-A funding from existing investors.
Elon Musk sold $6.9-billion of his shares in Tesla, his biggest sale on record, saying he needed cash in case he is forced to buy Twitter.
African start-ups are expanding into Europe and other parts of the world, betting on providing more affordable services with a growing tech talent pool.
Nvidia warned its second quarter revenue would drop by 19% on weakness in its gaming business, sending the chip designer’s shares tumbling.
As funding for start-ups falls across the globe, Africa is standing out as a notable exception.
Apple’s share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years. Its latest earnings release will test that.