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Digest Africa saysAfrica's tech companies recorded investments worth $1.19B in 2018 across 454 deals. Note that the companies involved in 103 of the 454 deals did not disclose their amounts. This is contained in a report that summarises investments into Africa's early stage technology companies for the year 2018.
Quartz Africa reports that Zimbabwean government has shut down internet amidst protests over fuel price hikes. On Monday, the Zimbabwe Congress of Trade Unions and activists called for a national shutdown in protest over fuel price hikes and protesters took to the street.
Eskom, the South African utility company, is expected to lose more than $1.1 billion dollars in the year. The company has said its situation is unsustainable and suggested the state take some of its debt onto its own balance sheet, an option not favoured by the country's president. Bloomberg has more.
Founder of Microtraction and former country manager at Starta, Yele Badamosi, has joined Binance, one of the world’s largest cryptocurrencies exchanges as a director of Binance Labs, the venture capital arm of Binance. "Yele will focus on developing the blockchain ecosystem in Africa, as well as sourcing blockchain projects and leading the Lagos chapter of Binance's Incubation Program."
mPharma, a company that makes prescription drugs accessible in Africa has raised $9,729,000 though it set out to raise $12 million in Series B funding. mPharma, with operations in Ghana, Nigeria, Zambia, and Zimbabwe, has now raised over $21.3 million in total funding.
Microsoft South Africa has appointed Lillian Barnard as its new Managing Director, effective March 1, 2019. She is replacing Zoaib Hoosen who resigned after almost five years in the position.
Africa made up a tiny fraction of the world’s gaming player-base in 2018 according to Steam, a digital distribution platform developed by Valve Corporation for purchasing and playing video games.
Our Health-tech Town Hall and public launch of the Nigerian Health-tech Industry Report will now take place on Friday, January 25, 2019. The time extension will enable us to provide a more sturdy and insightful platform to discuss the sector's current state, progress so far and its future with key stakeholders in attendance. We will also be presenting our Nigerian Health Tech Industry report. Please sign up here so we can notify you when registration goes live in a few days.
South African National Space Agency has been designated as the regional provider of space weather information to the entire African airspace sector by the International Civil Aviation Organisation (ICAO). Every aircraft flying in the African continent’s airspace will rely on SANSA for space weather information as part of its flight plan.