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25 - 06 - 2019

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Jumia Nigeria has launched a new delivery service called Jumia Prime. Launched as part of Jumia's anniversary offerings, Jumia Prime is a subscription based delivery service that provides users free deliveries anytime they shop on the platform. For now the service is only available in Lagos and Abuja and it only supports two types of subscription plans: one month or three months.

The price of Bitcoin has surged to more than $11,000 for the first time in 15 months. The cryptocurrency gained more than $2,000 over the past week; up from $8,500 at the start of June 2019. Coinbase chart shows the currency traded around $11,100 on Monday. Although the digital currency has been gaining value in recent months compared to last year, the latest bull run is buoyed by news of Facebook's new digital currency, Libra. Libra has been dubbed a game changer for the finance world, and its announcement has made cryptocurrency traders optimistic about Bitcoin's future.
Applications are now open for the 2019 Village Capital Africa Agriculture programme. The programme targets tech-inclined businesses run by women and African youth. Applications are open till June 28. You can apply here.
Five African startups have been selected to join the Global Business Forum (GBF) Mentorship Programme. The GBF programme helps to foster cooperation between the UAE and Africa, and helps selected startups model their businesses for the global environment. FarmGate Africa (Nigeria), Quip.Link (Kenya), Complete Farmer (Ghana), Engineering Hub Ltd (Ghana), and RideSafe (Kenya) have all been selected for this year's programme which holds in Dubai.
Logistics challenges facing eCommerce in Africa
Nigerian Solar Energy Startup, Anergy has closed a $9 million Series A funding round. The company will invest the funds to fuel its commercial growth with new business models and partnership opportunities, as well as consumer financing and channel expansion activities. The funding round was led by Breakthrough Energy Ventures, an impact investing firm. Other investors in the round include All On Energy, ElectriFI and Norfund.
WeWork, an America shared workspaces provider is expanding to Africa.  WeWork is in the office real estate business. It provides shared workspaces to startups at lower costs than they would have spent to own their own space. The company announced it will open its first offices in Cape Town and Johannesburg, both in South Africa, later this year. “Since announcing our expansion to South Africa, we’ve seen great interest from companies of all sizes, including Naspers, who will be moving into our first location in Johannesburg later this year", says Patrick Nelson, head of WeWork's European, Middle East and Africa division.

Nigerian ed-tech startup ScholarX has raised US$100,000 from angel investors as part of its pre-seed funding round. The startup wants to raise over $200,000 to allow it launch a new product called SkillsFund. SkillsFund is an educational platform that provides training on in-demand skills to fresh graduate with little to no job experiences. It also helps them secure job placements with local employers after getting certified on the platform. A pilot phase for the new product should begin in July this year, the company says.

From TechCabal  +  Startup Acquisitions Continue to Grow Big in Africa. What Does this Mean for VCs and Startups? +  Op-Ed: Slow and Steady is the Recommended Course for Healthcare Innovation

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