Africa News Roundup: Impending African unicorn alert

by | Nov 27, 2017

Econet could become valued at over $8 billion, new board appointments and putting a stop to telecoms vandalism. Here are last weekend’s top headlines on startups, entrepreneurship, innovation and tech around Africa.

Impending Econet IPO. Big news. African telecoms giant, Econet is reportedly seeking to go public on the London Stock Exchange at a valuation of $8 billion, with a possible secondary listing in Johannesburg. Read more on Bloomberg.

Unilever appoints Chika Nwobi as non-executive director. Pioneering tech entrepreneur and African investor, Chika Nwobi is best known for his roles in the founding of Jobberman, L5Lab and 440ng. He was recently appointed to the board of Unilever Nigeria. Read more on Enterprise54.

Interswitch gets new chairman. Meanwhile, African digital payments company, Interwswitch recently announced the appointment of Kenneth Olisa to replace former chairman, Adedotun Sulaiman. Read more on TechCity.

Improving STEM education across Africa. Nigeria’s Co-creation Hub (CcHUB) has joint-raised €1.5m to partner with 7 European and African countries towards improving participation in STEM subjects across Africa. Read more on CcHUB website.

Defenders of the telecomverse. Earlier this year, during a visit to the Nigerian Communications Commission (NCC) headquarters, the Nigerian Security and Civil Defence Corps (NSCDC) offered to defend ICT infrastructure in Nigeria against prevalent vandalism and theft. The deliberations of that meeting have finally come to fruition as the NCC and NSCDC, on Wednesday signed an MOU to that effect. Read more on Vanguard News.

Múyìwá Mátùlúkò
Múyìwá Mátùlúkò

Chief Servant. I bully myself because I make me do what I put my mind to.

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