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Africa Roundup: Partech Venture’s launches $70M fund, TPG Growth acquires TRACE, Rensource raises $3.5M

Last month we characterized 2017 as the year Sub-Saharan Africa’s startup scene found its stride. Twenty-eighteen looks to be the year of numerous VC investments. TPG acquires TRACE January got the funding party started. U.S. based private equity firm TPG Growth acquired a majority stake (of an undisclosed value) in entertainment company TRACE. TRACE is …

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TPG Growth and CAA’s investment firm Evolution Media buy into Africa’s music business

Private equity and media giants from the U.S.  yare starting to pay attention to Africa’s burgeoning music scene. TPG Growth, the middle market and growth equity investment arm of private equity giant TPG, and Evolution Media, the investment and advisory services firm created by Creative Artists Agency and TPG, have …

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Developing countries need to wake up to the risks of new tech

Technological advances associated with the fourth industrial revolution – including artificial intelligence – allow the automation of an increasingly wide array of processes in increasingly interactive and sophisticated ways. These advances will likely give rise to many opportunities for economic and social development in developing countries, for instance by increasing …

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A look back at the year that the Sub-Saharan African startup scene found its stride

African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships, and some surprise failures. Africa is fast becoming home to a dynamic tech sector. Here’s a snapshot of the news that …

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Internet of Elephants uses AR to get up close to endangered species, turns their migrations into a game

Wildlife conservation groups have made a lot of strides in raising awareness of animals whose populations or natural habitats are endangered, and what we can do to help. Now a startup out of Kenya is tapping into advances made in augmented reality, mapping and app-based games to further the cause. …

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