Africa News Roundup: A $500m bid for 9mobile, MutliChoice fined ₦5.9bn

by | Jan 29, 2018

Here are last weekend’s top headlines on startups, entrepreneurship, innovation and tech around Africa.

A 2-horse race? Coming on the heels of rumours that Globacom was favoured to takeover 9mobile, there are fresh reports that suggest otherwise.

It appears that Teleology Holdings Limited — run by Adrian Wood, former MTN Nigeria CEO — and Smile Communications Limited are the only two telcos that so far have placed substantial bids to acquire the struggling telco. Read more on The Cable.

MultiChoice. Following an eight year battle against the Musical Copyright Society of Nigeria, MultiChoice has been ordered to pay ₦5.9bn in “special damages” by the Federal High Court in Lagos. Read more on IT News Africa.

Off Grid Electric, a Tanzania and Rwanda based ‘Solar-as-a-Service’ company, has just raised $55m in Series D funding. This is coming after a $16m Series C round in 2014. Read more on Innovation Village.

MainOne has announced a 15-year contract with the West and Central African Research and Education Network (WACREN) to provide high-speed bandwidth services. Read more on TechCity.

UberEATS, Uber’s food delivery service, is set to launch in Egypt this year. Read more on iAfrikan.

Múyìwá Mátùlúkò
Múyìwá Mátùlúkò

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