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Uber and Bolt Competitor DiDi to start Operating Soon in Mzansi

Uber and Bolt Competitor DiDi to start Operating Soon in Mzansi

Chinese ride-hailing company DiDi Chuxing to start operations in South Africa soon. Founded in 2012, the Beijing based company operates in more than 400 cities in China. It claims to serve over 550 million users in 16 countries across Asia, Europe, Latin America and Australia. This South African expansion (first launch in Cape Town) marks...

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TikTok parent company ByteDance hires CFO in a step towards IPO

TikTok parent company ByteDance hires CFO in a step towards IPO

TikTok owner ByteDance has hired Xiaomi executive Shou Zi Chew for a newly created role as chief finance officer, in a sign that the tech company is moving towards a much-anticipated initial public offering of one or some of its businesses. ByteDance has been considering whether to go for a standalone public listing for Douyin,...

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Nigeria Startup Vendease is building Amazon Prime for restaurants in Africa

Nigeria Startup Vendease is building Amazon Prime for restaurants in Africa

For small and mid-sized restaurants in Nigeria and most of Africa, food procurement can be a complex process to manage. The system is such that a business can easily run out of money or have considerable savings. Most restaurants don’t have access to deal directly with farms to get better deals because they lack the staffing to chase them. Besides, they...

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Man Utd sign new sponsorship deal with tech firm TeamViewer

Man Utd sign new sponsorship deal with tech firm TeamViewer

Manchester United have agreed a five-year deal with technology company TeamViewer to become their principal shirt sponsor from next season in a reported £47 million-a-year deal, it was announced on Friday. The German-based firm will replace American car manufacturers Chevrolet, who have been the Premier League side’s main shirt sponsor since 2014. No figures were...

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LG mobile is Shutting Down – Life’s Not Good

LG mobile is Shutting Down – Life’s Not Good

LG Electronics is considering to end its mobile business rather than to sell its operations. According to Bloomberg, this comes after failed negotiations with Germany’s Volkswagen AG and Vietnam’s Vingroup JSC on possible sale of the smartphone business unit. The beginning of January this year, LG Electronics’ CEO Kwon Bong-eok had said all options were...

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Flutterwave Collab with PayPal to make Payments Seamless to African Merchants

Flutterwave Collab with PayPal to make Payments Seamless to African Merchants

Nigerian fintech companies are making moves and the the world is paying attention. After closing a $170 million Series C funding round, Nigerian FinTech startup Flutterwave has announced a new collaboration with payments giant PayPal to allow customers worldwide the option of sending and receiving payments from African merchants, TechCrunch reports. According to the outlet, it has been...

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Universal and Boomplay Strike Deal to Expand Licensing to 47 Countries Across Africa

Universal and Boomplay Strike Deal to Expand Licensing to 47 Countries Across Africa

Universal Music Group has struck an expanded deal with African music streaming service Boomplay to extend licensing of UMG’s global music catalog to upwards of 47 countries across Africa, Music Business Worldwide reports. These new markets include key territories in countries such as South Africa, Ethiopia, Côte d’Ivoire, Cameroon and Senegal. News of the expanded deal...

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NFVF And Netflix Sign Partnership To Fund Local Filmmakers

NFVF And Netflix Sign Partnership To Fund Local Filmmakers

The National Film and Video Foundation (NFVF), an agency of the Department of Sport, Arts and Culture, is proud to announce its latest partnership. Netflix, the world’s leading streaming service with 204 million subscribers globally is joining forces with the NFVF in a partnership valued at R28 million to produce six South African feature films....

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