Via Rest of World, a report on how Mexico’s biggest convenience store chain wants to become a superbank: Since late November 2021, Mexico’s ubiquitous Oxxo stores have been covered with bright purple signs. “Get your Spin by Oxxo card!” Spin by Oxxo, a ready-to-use Visa debit card and app, is the company’s latest attempt to merge […]
Read more »Via WorldCrunch, an article on how – in an area the size of Singapore – Egypt is building its new capital under the close control of the military and the head of state. But will it turn out to be a ghost city? The concrete structure rises to a height of 1,263 feet (385 meters) […]
Read more »Via Quartz, a report on Google’s subsea cable for Africa which is making its first landing in Togo: Equiano, Google’s subsea internet cable in Africa, will make its first landing in Togo this month. First announced in 2019, Equiano is Google’s 14th investment in internet subsea cables but the first dedicated to internet access in Africa. It […]
Read more »Via TechCrunch, a report on the New York hedge fund which has invested in nine African startups across ten deals since marking its return in 2021: You can count on one hand the number of funds bigger than Tiger Global. But in terms of influence, speed and number of investments made since 2021, Tiger has led […]
Read more »Via Foreign Policy, an article on Africa’s potential to provide gas to Germany: With the United States and United Kingdom banning Russian energy exports and the European Union announcing it will reduce Russian gas imports by two-thirds by the end of the year, the West is urgently debating how to replace Russian energy deliveries. The […]
Read more »Via Reuters, a report that the African Development Bank has secured $32.8 billion for projects in Africa: The African Development Bank (AfDB) has secured $32.8 billion in investment commitments for projects in Africa, the bank’s president said at the closing of a meeting with investors on Thursday. The largest deal secured at the three-day Africa Investment […]
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