Egyptian motorcycle hailing startup Halan raises funding
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Africa remains in the good books of global private equity investors. A new study by the African Private Equity and Venture Capital Association (AVCA) says PE investors are looking to increase their allocations and doubling down on their decade-long plans. In 2016, private equity firms invested $3.8 billion in 145 deals across Africa up from $2.5 billion in 2015.
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Venture capital firm Village Capital has released a report titled “Capital Evolving” that takes a look at alternative funding methods through interviews with about 50 entrepreneurs and over 200 investors, asset managers, foundations, family offices and pension funds.
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| Egyptian motorcycle and tricycle hailing startup Halan has raised an undisclosed amount of funding from Singapore’s Battery Road Digital Holdings and Egypt’s Algebra Ventures, Ventureburn reports. Halan will reportedly use the funding to expand to more cities and more countries, offer more services and to build better technology. |
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Techcentral’s Duncan McLeod interviewed Naspers CEO Bob van Dijk and they talked about the effect of the US-China trade war on Naspers’ Tencent stake, its unbundling of Multichoice and plans for its Naspers Foundry fund.
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HP has announced that it will train 100K people in Africa over the next three years through the HP Foundation’s HP LIFE program. The tech giant also launched a new tech-enabled HP LIFE Center in South Africa.
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| TechCrunch is headed to Lagos to host its second Startup Battlefield Africa competition on December 11, 2018. Sub-Saharan Africa’s best innovators, makers and technical entrepreneurs are invited to attend this year’s TechCrunch Startup Battlefield Africa. If you missed out on our ticket giveaway, you can still get your tickets now! |
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We’ll see you tomorrow.
– Akindare.
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