ihub News of 10/23/19
Kenyan Telco Safaricom’S Alpha Incubator Faces Uncertain Future
Safaricom’s Nairobi based Alpha innovation incubator may have an uncertain future, according to sources. With two high-level departures, and the passing of Safaricom’s CEO Bob Collymore, there are questions on how or if Alpha ...
Nigeria’S #StopRobbingUs Campaign Could Spur Tech Advocacy Group, CEOs Say
Nigeria’s #StopRobbingUs campaign to curb police harassment of techies could grow into a formal lobbying group for the country’s tech sector, according to founders Bosun Tijani and Jason Njoku . Tijani, the CEO of Lagos based ...
Africa Roundup: CcHub’S IHub Acquisition, Andela’S $50m Run-Rate And Layoffs, Transsion’S IPO
Two of Africa’s powerhouse tech incubators joined forces in September. Nigerian innovation center and seed-fund CcHub acquired Nairobi based iHub. The purchase amount was undisclosed, but CcHub will finance the deal out of its real-estate ...
Nigeria’S CcHub Acquires Kenya’S IHub To Create Mega Africa Incubator
Two of Africa’s powerhouse tech incubators will join forces. Nigerian innovation center and seed-fund CcHub has acquired Nairobi based iHub — CcHub CEO Bosun Tijani confirmed to TechCrunch. The purchase amount is undisclosed, but ...
Africa Focused Andela Cuts 400 Staff As It Confirms $50m In Revenue
Africa focused tech talent accelerator Andela will cut 400 junior engineers across Kenya, Uganda, and Nigeria, CEO Jeremy Johnson told TechCrunch. The layoffs come as the startup released first time income figures indicating it will surpass ...
African Incubator MEST Has A New MD And 11 Fresh Startup Investments
Pan-African incubator MEST announced investments in 11 startups from its 2019 cohort that will each receive $100,000 in financing. The $1.1 million backing for a graduating class is the largest to date for the Accra-based organization — which ...
Diving Deep Into Africa’S Blossoming Tech Scene
Jumia may be the first startup you’ve heard of from Africa. But the e-commerce venture that recently listed on the NYSE is definitely not the first or last word in African tech. The continent has an expansive digital innovation scene, the ...