French TV Canal+ acquires ROK film studio from IROKOtv for an undisclosed amount

French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. The company founded by Jason Njoku in 2010—and backed by $45 million  in VC—IROKOtv boasts the largest online catalog of Nollywood film content in the world reports TechCrunch Based in Lagos, ROK film studios was incubated to create original content for IROKOtv, which can be accessed online anywhere in the world. Actress and producer Mary Njoku—IROKOtv CEO Jason Njoku’s wife—founded ROK studios and will stay on as Director General under the Canal+…

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Regulate? Mobile-based online lending firms may be money laundering channels says Central Bank of Kenya governor

Mobile-based lenders pose money laundering risk, says CBK

Mobile-based online lending firms should be regulated to avoid their usage as channels for introducing illegally-obtained cash into the financial system, Central Bank of Kenya governor Patrick Njoroge has said. In a presentation to parliamentarians Wednesday, Dr Njoroge singled out Tala, Branch and Okash — three highly-popular digital money lenders — as credit-only mobile lending institutions that could be easily used to launder illicit cash. Money laundering, which involves transferring and disguising illegally obtained cash to make it look legitimate, is mostly used by criminals and the corrupt to clean…

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EurAfrican Forum 2019: Siyanda Mohutsiwa: “A shared imagination is behind some of society’s greatest achievements”

A Conversation Between Presidents Eurafrican Forum 2019, July 4-5 EAF19_BoaOnda

CASCAIS, July 9, 2019 For the second year, Portugal was the stage of the EurAfrican Forum 2019, that gathered 450 participants from Europe and Africa on July 4-5, with the theme “Partnership of Equals: Sharing Values, Sharing Prosperity” – a new approach and paradigm for the relationship between Europe and Africa, changing the narrative for both continents to create an accountable, prosperous and sustainable future together. As Siyanda Mohutsiwa, Satirical Writer from Botswana and living in the USA stated, “A shared imagination is behind some of society’s greatest achievements: technology,…

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Payment app Venmo has 40 million users, parent company PayPal discloses

payment app Venmo has ushered in 40 million users to the platform, its parent company PayPal announced

Popular payment app Venmo has ushered in 40 million users to the platform, its parent company PayPal announced on Wednesday. This is the first time PayPal has disclosed user numbers for the millennial-focused, peer-to-peer app. In its first-quarter earnings report, PayPal said it now has a total 277 million total customer accounts — including 22 million merchant accounts. Total payment volume for Venmo grew 73% year over year to $21 billion in the first quarter, the company said. PayPal said Venmo is still on pace to do $100 billion in…

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MumsVillage enters ecommerce to help mothers earn revenue

MumsVillage enters ecommerce to help mothers earn revenue

Isis Nyong’o’s MumsVillage has diversified into ecommerce to help mothers make money with the launch of MumsVillageShop. The move into ecommerce has been supported by impact investor Gray Matters Capital’s digital accelerator program – GMC Calibrator. MumsVillage also participated in the Unilever-DFID TRANSFORM partnership and Alibaba efounders Fellowship. “It is great to see one of the members from the first class of the eFounders program bring their vision to life. The program aims to empower young entrepreneurs to be champions for an inclusive digital economy, and the growth of MumsVillage serves as a…

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Google debuts Google News Initiative challenge for Middle East, Africa, Turkey

Google on Tuesday opened the Google News Initiative (GNI) challenge for media publishers in the Middle East, Africa and Turkey. The Head of Google News Initiative Innovation, Ludovic Bleacher, made the disclosure at the unveiling of the initiative in Lagos. The News Agency of Nigeria (NAN) reports that the Google News Initiative is a journalism-focused programme that will help publishers earn money and fight fake news. It will also introduce an open-source tool called Outline, which will make it easier for news organisations to set up secure access to the…

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Startups and Partnerships, EurAfrican Forum enables cross pollination of ideas: Dr. Precious Lunga – Baobab Circle

Search Results Featured snippet from the web Dr. Precious Lunga is CEO and Co-Founder of Baobab Circle, a health technology company delivering innovative health solutions via phones across Africa. She will be joining the 2nd edition of the EurAfrican Forum in Portugal as a speaker.

Dr. Precious Lunga, CEO and Co-Founder of Baobab Circle, will be joining the 2nd edition of the EurAfrican Forum in Portugal as a speaker, taking place on July 4-5. The EurAfrican Forum exists to explore and promote the power of diasporas as a connecting force between cities, regions and continents, between cultures, companies and people. It is an action-oriented gathering of leaders that aims to foster stronger collaboration between Europe and Africa to promote a shared green and inclusive growth for the two continents, fostering mechanisms for collaboration and creating…

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Swvl, Egyptian bus bokking app raises $42 million for expansion into more African countries

Swvl, an Egyptian app for booking buses, has raised $42 million as it looks to expand into other parts of Africa, including Nigeria.

Swvl, an Egyptian app for booking buses, has raised $42 million as it looks to expand into other parts of Africa, including Nigeria. The two-year-old company, which started in Cairo and also operates in Alexandria and Nairobi in Kenya, got the money from venture-capital firms including Sweden’s Vostok, Dubai-based BECO Capital, China’s MSA and Endeavor Catalyst, based in New York. “The plan is to be in at least two or three more African cities by the end of the year,’’ Mostafa Kandil, the 26-year-old founder and chief executive officer, said…

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Has your Instagram account been hacked? You can recover it this way

Previously, if your Instagram account was taken over by an attacker, recovering it would require wading through choppy customer support, or calling for assistance from white-hat hackers. Now, Instagram is rolling out new measures to help you get your account back more easily. On Monday, Instagram announced it is testing changes that could make it easier for users to regain access to hacked accounts, as well as security features that could make it harder to steal Instagram usernames in the first place. The news comes after a wave of Instagram…

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goAfrica partnership with Foxconn, iFP targets local market with cheaper iPhones

Ordinary Kenyans can now afford to buy iPhones at lower prices after goAfrica, an online platform, partnered with Foxconn and iFP to ship reconditioned smartphones to the local market. The smartphones are expected to retail at between 20 and 30 percent lower than what new smartphones cost in Apple Stores. “We are offering quality products to the market at an affordable price,” said goAfrica general manager Boniface Munywoki. The appetite for iPhones has grown steadily in the local market in the past few years, but the high cost of new…

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