Spotify in advanced talks to acquire Gimlet Media for over $200

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Spotify is in talks to acquire Gimlet Media, one of the leading podcast production houses. If this deal completes, it will signify a major change in the trajectory of podcasting as an industry. The significance of the deal goes well beyond that of the eye-opening $200 million valuation being discussed. Gimlet has raised approximately $28.5 million in venture funding from investors including WPP, Stripes Group, LioneTree Partners, Graham Holdings, Betawarks, Cross Culture Ventures, and Lowercase Capital. Two years ago, the startup was reportedly valued at roughly $70 million. Podcasting has…

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Pesapal starts Payment processing for low cost Kenyan Airlines

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Pesapal has this year started processing payments for low cost carriers in Kenya. Jetways Airlines, Silverstone Air and Skyward Express will from now on use Pesapal’s integrated payment system to process Mpesa, Visa, mVisa, MasterCard and American Express payments on their respective websites. This not only gives travellers the freedom to pay conveniently for their flights but also makes it easier for airlines to track payments and traveller flight information. These airlines join African Express Airways in Kenya and Eagle Air in Uganda showing Pesapal’s growth as a payment processor…

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Vodacom to pay ex-worker who invented the ‘Please Call Me’ idea after gridlock

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Nkosana Makate,  the former employee behind the Please Call Me service, says he is exploring his options after Vodacom decided on a “ridiculous and insulting” sum of money to settle a long-standing dispute between them. Vodacom said over the weekend it considered the matter  “finally settled and closed” after its CEO, Shameel Joosub, had decided on a “reasonable” payment for Makate, the former employee who came up with the idea in late 2000. The mobile operator did not disclose the amount, citing a confidentiality agreement. This comes nearly three years…

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Wearable device sales to hit $42 billion in 2019 says Gartner

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Gartner, Inc. forecasts that worldwide shipments of wearable devices will reach 225 million in 2019, an increase of 25.8 percent from 2018. End-user spending on wearable devices is forecast to reach $42 billion in 2019. Of that, $16.2 billion will be on smartwatches. “At the moment, the smartwatch market is bolstered by the relatively stable and higher average selling price (ASP) of the Apple Watch,” said Alan Antin. senior director at Gartner. “But the overall ASP of smartwatches is expected to slowly decline from $221.99 in 2018 to $210 in…

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Tech and sports titans pay tribute to Microsoft co-founder Paul Allen who has passed at 65

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Paul Allen, who co-founded Microsoft Corp. with fellow billionaire Bill Gates and used the fortune he made from the iconic technology company to invest in professional sports teams, cable TV and real estate, has died. He was 65. Allen, along with Gates, helped create an entire industry selling software for a new breed of smaller, more affordable and widely accessible computers. Allen died on Monday in Seattle from complications of non-Hodgkin’s lymphoma, according to a statement from Vulcan Inc., his investment firm. Allen’s source for his varied investments and sizable…

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Sources Intimate that Rocket Internet is preparing a Jumia IPO

Banking Crisis
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Reuters sources have intimated that German start-up investor Rocket Internet (RKET.DE) is preparing its African online shopping platform Jumia for a possible New York listing in the first quarter of 2019 which could value the firm at about $1 billion. Citi (C.N), Morgan Stanley (MS.N) and Berenberg are coordinating the IPO, the sources said. Shares worth up to $250 million may be sold, one of the sources said, adding that no final decision about the timing or metrics of the deal had yet been taken. The investor and the banks…

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Bitcoin Sinks Below $6,000 as Almost Every Cryptocurrency face downfall

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Bitcoin dropped below $6,000 and dozens of smaller digital tokens tumbled as this month’s selloff in cryptocurrencies showed few signs of letting up. The largest digital currency fell as much as 6.2 percent to $5,887 as of 3:07 p.m. in Hong Kong, the lowest level since June, according to Bloomberg composite pricing. Ether sank as much as 13 percent, while all but three of the 100 biggest cryptocurrencies tracked by Coinmarketcap.com recorded declines over the past 24 hours. The total market capitalization of virtual currencies dropped to $192 billion from…

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Miss.Africa Digital Announces the 2018 $7,000 Seed Fund Winners, Kumasi Hive scoops top prize

Kumasi Hive from Ghana wins the 2018 5,000 USD Grand Prize while, CRNS Tunisia and Eco-Sol Consulting (Full STEM Ahead!) Seychelles will take home the Second category prize of 1,000 USD.
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The Pan-African trust program of DotConnectAfrica (DCA) has released the winners of the 2018 Miss.Africa Digital Seed Funding for STEM Programs. The seed fund program is now in its third year Kumasi Hive from Ghana won the 2018 5,000 USD Grand Prize while, INTELLECT-Team at Laboratory of Technologies for Smart Systems (CRNS) Tunisia and Eco-Sol Consulting (Full STEM Ahead!) Seychelles will take home the Second category prize of 1,000 USD. Sophia Bekele, Founder & CEO of DotConnectAfrica Group, and the champion behind Miss.Africa Digital Program complimented the winners saying —…

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No VC: Facebook is not making any direct investments to African tech startups

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Facebook has been scaling up its operations in Africa and engaging more intently with tech startups on the continent, but the company has decided it will not be making any direct investments, Disrupt Africa reports That is according to Julien Decot, director of platform partnerships for EMEA at Facebook, who was speaking at last week’s MEST Africa Summit in Cape Town. He said the decision not to become an investor had come straight from Zuckerberg himself. “That was a Zuckerberg decision. The way Mark thought about it was – “this…

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Senegalese-Born Musician Akon To Launch Akoin Cryptocurrency

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The American-based Senegalese artist says the cryptocurrency will be the currency of choice in Akon Crypto City, a 2,000-hectare development which is under construction in an area just outside Dakar, Senegal’s capital city. The rapper describes the development as the real-life Wakanda. He also believes the technology has benefits for those on African soil, disadvantaged by political and social circumstances. Unfortunately, Akon didn’t reveal any technical details of the cryptocurrency. CANNES — Senegal-born star Akon — whose Lighting Africa project is bringing solar power to Africa — is at Cannes…

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