Ecobank mobile app reaches four million users accounts in Africa

Ecobank mobile appThe upgraded version of Ecobank’s mobile app has attracted three million new customers in six months, thus taking the total number of users to four million

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PayPal to partner with African mobile money companies

PayPalThe US-based e-commerce giant PayPal has announced plans to collaborate with African mobile money companies to provide services to the region’s unbanked population

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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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