Daily Digest Friday, 10 September 2021
Funding In Africa
Glovo wants to expand its operations across Africa with a $60mn investment
The company predicts that the investment will allow 6.5 million individuals to use its app, furthering its goal of making everything available to everyone in all towns and cities. Read more
Funding In Emerging Markets
BCI Holding receives US$30mn from IFC to aid its expansion drive-in Africa
The financing will help BCI develop regional supply chains for polyurethane, a versatile product used in insulation, footwear, packaging, and other industries. Read more
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Latest News
South African startup Enlabeler partners with Telkom to launch translation platform
According to Telkom, the izwe.ai platform has a unique ability to interpret South African accents. It also uses machine learning to constantly improve its translations. Read more
MTN Partners with FinTech Unicorn Flutterwave
MTN MoMo is a fintech platform providing consumers and businesses with an electronic wallet, enabling electronic transfers and payments as well as access to digital and financial services. Read more