Ride-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 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
Uber, Tigo Tanzania partner to let customers use taxi app without data costs
Ride-sharing company Uber entered a deal with telecom company Tigo Tanzania to let Tigos customers in Dar es Salaam to use the Uber app without data costs
Standard Bank acts as lead adviser on M-BIRR’s US$9.87mn equity raise
Standard Bank Group has acted as exclusive financial adviser to M-BIRR Ltd, which recently completed a successful equity raise of US$9.87mn