The Bundibugyo virus, a little known type, previously had caused just two small outbreaks. Now it’s at the center of a rapidly widening epidemic in Africa.

UAE operator e& struck a deal with Uber to sell 12.5% of its stake in digital platform provider Careem Technologies for $100 million, leaving it with a 37.5% shareholding which the taxi app giant has an option to acquire the rest of.

Careem Technologies builds and operates its namesake app and related services. The app is used for various consumer services including food and grocery delivery, payment and other lifestyle services.   

The deal is subject to regulatory approval and includes options which can be exercised by either side for Uber to buy e& out of Careem completely. The options can be activated between December 2031 or January 2032.

In a stock market statement, e& noted from the deal Careem would benefit from Uber’s experience and synergies with its global platforms.

For e& the sale reflects an “increased strategic focus on its core businesses and disciplined capital allocation priorities”, while allowing it to maintaining some exposure to the app business.

Uber already owns the other 50% of Careem Technologies and the entirety of the ride sharing business it was originally spun-off from.

Careem Technologies was separated from the taxi business in 2023, with e& taking a 50.03 per cent stake in that business in exchange for an investment of $400 million in it.

The post Uber to deliver e& $100M for Careem stake appeared first on Mobile World Live.

A newly released report alleges that well-placed elites in Cameroon’s government are enabling a cluster of timber and agribusiness companies to log primary forest in the country. These companies include Sextransbois, which was awarded a controversial 68,000-hectare (168,000-acre) logging concession in the Ebo Forest in 2023. The report by Swiss-based advocacy group Global Initiative Against Transnational Organized Crime (GI-TOC) also named SCIEB, which controls another concession in the Ebo Forest covering 65,000 hectares (161,000 acres). The report used corporate registry documents, trade records, and sources in Cameroon’s forestry sector to link both companies, along with Boiscam and Camvert, to prominent businessman Aboubakar Al Fatih. According to an “informal broker” who has worked to connect logging companies with forestry officials and was interviewed by GI-TOC, Al Fatih’s companies have benefitted from his ties to the minister of economy, Alamine Ousmane Mey. Mey is considered an ally of Cameroonian President Paul Biya’s eldest son Franck, who reportedly recommended him for a cabinet post in 2011. Sextransbois was incorporated by relatives of Franck Biya’s in 2014, before being transferred to then-20-year-old Mahmoud Mourtada, Al Fatih’s half-brother. The report implies that Al Fatih’s connections to figures in Franck Biya’s circle helped Sextransbois and SCIEB obtain their concessions in the Ebo Forest. Those concessions were awarded despite a global campaign to protect the forest, which is a biodiversity-rich habitat for threatened gorillas and chimpanzees. After initially walking back its decision to reclassify the forest as government land in 2020, the government quietly reissued the two…This article was originally published on Mongabay

Safaricom CEO Peter Ndegwa (pictured) believes Africa is no longer playing catch-up in global technologies, telling attendees of a key business conference in Kenya the continent is now holding its own in developing fresh business models and tapping emerging digitalisation trends.

In a string of posts on a popular micro-blogging site, the operator reported Ndegwa told the Academy of International Business (AIB) Conference nations are increasingly looking to Africa for fresh approaches to delivering growth and innovation.

Africa is now “co-creating new models” and its views are ever-more sought after, Ndegwa said.

The Safaricom boss noted Africa was not immune to global challenges, but argued “turbulence can also drive transformation”.

He pointed to the Covid-19 (coronavirus) pandemic as an example, explaining the operator group “had to navigate regulatory changes, currency pressure”, greater competition and cybersecurity challenges.

The challenges fuelled a shift from “telco to techco” as Safaricom recognised “adaptability is now a competitive advantage”.

He noted global uncertainties continue today due to “geopolitical tension, economic volatility” and various disruptive technology developments including AI, meaning the ability to swiftly adjust is still essential.

Ndegwa said the m-Pesa mobile money platform “remains the clearest example of African innovation” being used to address a local problem by looking to the bigger picture of what the system is for rather than focusing solely on technology.

He argued the platform shows what can be achieved in driving digital transformation when initiatives are backed by the right regulations and laws, along with “strong public-private collaborations”.

The three-day AIB event concluded today (29 May).

The post Safaricom boss places Africa on even footing appeared first on Mobile World Live.

After 88 days of near-total blackout, first reactions to the return of partial connectivity were not celebratory

After 88 days of near-total internet blackout in Iran, long-delayed messages, images and poems flooded phones and social media feeds at about 5pm on Tuesday, when still-limited connectivity flickered back to life.

The first reactions, however, were not celebratory. Many new posts were threaded with scepticism, anxiety and anger.

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© Photograph: Majid Asgaripour/Reuters

© Photograph: Majid Asgaripour/Reuters

© Photograph: Majid Asgaripour/Reuters