The 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
Mobile
PayPal to partner with African mobile money companies
The 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
Careem in talks to raise as much as US$500mn in new funds
Ride-sharing app Careem is in early talks to raise as much as US$500mn in new funds from investors, Reuters reported citing sources
France’s Orange distributes solar panel kits in some African countries
Orange 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
Naspers to sell 190mn shares of Tencent for about US$10.64bn
South Africas 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