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Careem in talks to raise as much as US$500mn in new funds

R106 Abdullah Elyas Mudassir Sheikha Magnus Olsson Founders Careem 22 9 2016 2602Ride-sharing app Careem is in early talks to raise as much as US$500mn in new funds from investors, Reuters reported citing sources

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France’s Orange distributes solar panel kits in some African countries

Orange AfricaOrange SA said it would distribute solar panel kits in certain African countries, in a move to potentially gain customers in emerging economies amidst a price war with low-cost rivals in its home markets

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Naspers to sell 190mn shares of Tencent for about US$10.64bn

Tencent QQSouth Africa's Naspers said it would sell 190mn shares or 2 per cent of its stake in social media giant Tencent Holdings Limited for about US$10.64bn to "reinforce" its balance sheet and boost growth

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Uber, Tigo Tanzania partner to let customers use taxi app without data costs

Tigo Tanzania and Uber Partner to Offer Exciting New Offers to Customers in Dar Es Salaam.JPGRide-sharing company Uber entered a deal with telecom company Tigo Tanzania to let Tigo's customers in Dar es Salaam to use the Uber app without data costs

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Standard Bank acts as lead adviser on M-BIRR’s US$9.87mn equity raise

m birrStandard Bank Group has acted as exclusive financial adviser to M-BIRR Ltd, which recently completed a successful equity raise of US$9.87mn

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