John Brennan on Pipe Bomb: Donald Trump Incites ‘Anger, If Not Violence’

Former CIA director John Brennan, the target of a potential bomb sent to CNN on Oct. 24, pinned blame on President Donald Trump in an interview just hours after the incendiary device was discovered. “Unfortunately I think Donald Trump, too often, has helped to incite some of these feelings of anger, if not violence.” CNN’s headquarters was ...

Tech Stocks Lifted the Market This Year. Now They May Be Leading It Into a Correction

It’s official. The Nasdaq Composite, a stock index heavily weighted toward big-name tech companies, is in a correction. That’s because some of the biggest names in tech are getting hit especially hard this month. The Nadsaq fell 4.4% Wednesday as some tech companies warned about slowing demand. The drop was more severe that those in the Dow Jones ...

Exxon Mobil Sued by New York State for Deceiving Stockholders on Future Costs of Greenhouse Gas and Carbon Rules

New York’s attorney general, Barbara Underwood, has sued Exxon Mobil for allegedly misleading investors about how the company managed risk related to the ever-increasing costs and restrictions of climate change regulations. While it may sound like an accounting blip, the suit states that Exxon is undercounting costs by many billions of dollars ...

Video interviewing startup Droque wins Seedstars Lagos

AI-based video interviewing startup Dropque has been named the winner of the Nigerian leg of the Seedstars competition, booking a place in the global final for the chance to pitch for up to US$1 million in equity investment. Global early-stage startups competition Seedstars has already picked African winners in Egypt , Tunisia , Zimbabwe , ...

New initiative to encourage fintech, MFI cooperation

FINCA International and USAID PACE have launched FINCA Forward, a fintech innovation platform aimed at bringing early-stage fintechs and microfinance institutions (MFIs) together to accelerate financial inclusion and market-based development. The two-year pilot of FINCA Forward will be managed by microfinance organisation FINCA International and ...

SA’s GreenFingers Mobile launches SaaS platform for digital farmer management

Cape Town-based agri-tech startup GreenFingers Mobile (GFM) is launching an enhanced version of its farmer management system this week. GFM replaces traditional pen and paper systems with a digital tool, and brings large markets to smallholder and emerging farmers. Its new system is a full Software-as-a-Service (SaaS) platform with increased ...

AfDB invests $8m in Partech Africa Fund as it approaches target

The African Development Bank (AfDB) has approved a EUR7 million (US$8 million) equity investment in the Partech Africa Fund, which is designed to support innovative growth-stage tech startups with high growth potential. Partech Ventures , which was founded in 1982 in Silicon Valley and now has a team spread across offices in Paris, Berlin, San ...

Angolan startup Balus makes tournament organisation more efficient

Angolan startup Balus has developed cloud-based tournament software that helps with organising registrations, brackets, teams, matches, coaches and athletes, making the running of sports events more efficient. Formed at the end of 2017 and made available to users last month, Balus is an online for platform for organising tournaments and leagues, ...

Seedstars Africa Summit set for Tanzania in December

The annual Seedstars Africa Summit will take place in Dar es Salaam, Tanzania in December, bringing together local winners with regional stakeholders. Global early-stage startups competition Seedstars has been holding local pitch events across the continent, and has already picked winners in Egypt , Tunisia , Zimbabwe , Morocco , Ghana , Rwanda , ...

SA crowdfunding platform Uprise.Africa secures funding

South African equity crowdfunding platform Uprise.Africa has raised an undisclosed investment from Silicon Valley-based VC firm Nexxus Ventures. Launched in October last year, Uprise.Africa aims to help innovative local businesses raise capital while gaining market validation. Two campaigns have been hosted on the platform to date – one failing ...
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