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Google-parent Alphabet makes offer to buy Fitbit, sending stock soaring

Google parent company Alphabet made an offer to acquire Fitbit, a source familiar with the matter told CNBC Monday. Reuters first reported that Alphabet made the offer to buy Fitbit. Fitbit’s stock was halted after skyrocketing more than 18%. The stock resumed trading and was up about 27% Monday afternoon, adding more than $280 million […]

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[Ghana] Jack Ma’s Africa Netpreneur Prize Initiative top 10 finalists announced

Alibaba founder Jack Ma’s Africa Netpreneur Prize Initiative (ANPI) has identified the top 10 finalists entrepreneurs for its grand finale event. The finalists were chosen from nearly 10,000 applicants from 50 African countries and will now go on to pitch their business directly to four finale judges. The judges include- Jack Ma, Founder of Alibaba Group and the Jack […]

[Kenya] Kenindia Assurance to use artificial intelligence to curb motor insurance fraud

With over 25% of Kenya’s insurance industry income fraudulently claimed, Kenindia Assurance has taken steps to curb the fraud by incorporating artificial intelligence in its motor insurance claim processes. The insurer is utilizing artificial intelligence to fast track its claims resolutions through the use of anomaly detection, sentiment detection, text analytics and a self-service portal. […]

AfriLabs admits 20 new hubs into its network

AfriLabs, the largest pan-African network of technology and innovation hubs has admitted 20 new hubs to its network, spreading its reach farther and wider. The admission of these 20 hubs expands the AfriLabs membership strength to an amazing 174 hubs in 45 countries across all the regions of Africa. In West Africa, AfriLabs grew its […]

Zambia’s BongoHive opens applications for Entrepreneurship Bootcamp

Zambian innovation hub BongoHive has opened applications for its Entrepreneurship Bootcamp, which provides entrepreneurs to turn their ideas in the retail and e-commerce sectors into businesses. The Bootcamp is an intense three-week programme that gives entrepreneurs the basic skills they need to launch their businesses, showing them how to refine and prototype ideas while getting a set […]

Why my startup scene is better than yours: Senegal

African tech is booming, but which ecosystem has the most going for it, either for launching a business or making investments? Disrupt Africa has been chatting to stakeholders from various African tech ecosystems to find out what it is that makes them such a good place to operate from. We’ve already heard from ecosystem players […]

Flat6Labs Cairo accepting applications for 11th cycle

The Cairo-based Flat6Labs is now accepting applications for the 11th cycle of its four-month accelerator programme, which offers selected startups access to training, mentorship and EGP300,000 (US$17,000) in seed funding. Flat6Labs, which has headquarters in Cairo, Jeddah and Abu Dhabi, is a regional startup accelerator programme that has invested in more than 50 companies to […]

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