Forbes lists 10 Emerging Women Entrepreneurs To Watch In Africa

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In June this year, She Leads Africa, a Nigerian-based social enterprise that aims to foster business growth in Africa by providing female startup entrepreneurs with the knowledge, networks, and financing to build and scale strong businesses, launched a business pitch competition. The purpose of the competition was to select ten exceptional young female entrepreneurs doing business in Africa to participate in an  Entrepreneur showcase, whereby the entrepreneurs would pitch their businesses to a panel of esteemed business leaders and investors, including Nigerian multi-millionaire telecoms tycoon Hakeem Belo-Osagie, Standard Chartered Nigeria…

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Reddit Is Raising Big Funding of $500 Million

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Reddit, the social news site with a big Web footprint, is raising a big funding round — with help from some of the people who helped launch the site nine years ago, including co-founder Alexis Ohanian and other people associated closely with startup incubator Y Combinator. Sources said the almost-anything-goes site has reached a preliminary agreement to sell less than 10 percent of the company for more than $50 million. That could give the company a valuation of upwards of $500 million. Given investors’ new-found appetite for content companies — see:…

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Most U.S consumers ‘unlikely’ to purchase or use bitcoin

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A study conducted by the Massachusetts Division of Banks on the bitcoin use found that close to two – thirds of those who responded said they were unlikely to buy or use the virtual currency. The article by Andrew Moran also highlights a study from the U.K. where 71 percent of British consumers don’t want to use bitcoin for their shopping needs. Of course we are very early in the game and the age of the respondent’s matters, those in their late teens and twenties may be more willing to…

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European Court of Justice to Rule If Bitcoin is VATable

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The European Court of Justice will rule if bitcoin transactions are subject to its value-added tax rules (VAT). If that top court decides to impose VAT regulations on member nations with bitcoin businesses, they could suffer an economic setback. Others could miss out on the opportunity to establish business initiatives associated with bitcoin. VAT is one way the EU raises tax revenues. It’s essentially a consumption tax, paid by buyers as part of the purchase price. That case before the Court is C-264/14 Skatteverket v David Hedqvist and it raises the issue:…

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Facebook unprecedented reveals search warrant of hundreds of accounts

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Facebook revealed that since last summer it’s been fighting a court order that required it to disclose social-media information involving hundreds of people. “This unprecedented request is by far the largest we’ve ever received — by a magnitude of more than ten — and we have argued that it was unconstitutional from the start,” Chris Sonderby, Facebook’s deputy general counsel, wrote in a statement Thursday. The situation raises concerns over privacy in the digital age, when much of a person’s sensitive information is often available online and on mobile devices.…

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CentralNic contracts to acquire Internet.BS

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CentralNic has contracted to acquire the business and certain of the assets of Internet.BS Corp, a leading retailer of domain names registered in The Bahamas, for a maximum consideration of $7.5m. CentralNic says Internet.BS is one of the world’s top 30 domain name retailers, and it serves a global customer base from 199 countries. It has been trading for eleven years and it is accredited by the global regulator ICANN as well as the numerous operators of country codes including .eu for Europe and .in for India. Internet.BS is a…

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Email exchanges between NSA and Google executives reveal far cozier relationship

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Email exchanges between National Security Agency Director Gen. Keith Alexander and Google executives Sergey Brin and Eric Schmidt suggest a far cozier working relationship between some tech firms and the U.S. government than was implied by Silicon Valley brass after last year’s revelations about NSA spying. Disclosures by former NSA contractor Edward Snowden about the agency’s vast capability for spying on Americans’ electronic communications prompted a number of tech executives whose firms cooperated with the government to insist they had done so only when compelled by a court of law.…

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Tablet adoption in EU-5 to surpass 100 million this year

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Tablet adoption in the EU-5 continues to rise steadily, and according to new eMarketer estimates, the region’s tablet user base will surpass 100 million by the end of 2014. By 2018, more than 146 million people will use a tablet at least once per month. More than half of all users in the region—52.3 million people—will reside in the UK or Germany, the EU-5’s largest tablet markets. France also has a significant tablet audience, with 22.8 million users, or 22.5% of the total. Italy and Spain will have smaller tablet…

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Discovery Communications to sell HowStuffWorks.com for 18 % of its 2007 purchase price

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The Wall Street Journal has reported that Discover Communications will be selling the popular website, HowStuffWorks.com at a loss on the sale as they are only realizing 18% of their 2007 purchase price. Read the WSJ Report here For Discovery Communications Inc., DISCA -0.49% the website HowStuffWorks.com proved to be one investment in digital media that didn’t work. Discovery said Monday it would sell the site, which offers explanations on topics such as “How magnets work” and “How do they make hollow chocolate Easter rabbits?” for $45 million, or less…

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Politics curtailing Silicon Valley’s fast-growing financial ties with Russia’s tech sector: Entrepreneurs, investors say

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SAN MATEO, Calif. (AP) – Entrepreneurs and investors say Silicon Valley’s fast-growing financial ties with Russia’s tech sector are being slowed down by current political tensions between the White House and the Kremlin. “It’s safe to say a lot of investors here are taking a step back to see how the situation will unfold,” said Alexandra Johnson, who manages a $100 million venture fund called DFJ VTP Aurora, a Menlo Park, Calif., branch of Russian bank VTB. For decades, Russia’s sophisticated scientists and engineers remained at arm’s length from Silicon…

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