Saviu Ventures Secures €12 Million, Targeting Francophone Africa’s Startups

INVESTMENTS

Saviu Ventures Secures €12 Million for Second Fund, Targeting Francophone Africa’s Startups

Saviu Ventures, a prominent venture capital firm with a dedicated focus on startups in Francophone Africa, has successfully reached an initial close of €12 million for its second fund. The funding round received strong support from private investors, including notable French and Kenyan family offices. Co-founded by Benoit Delestre and Samuel Touboul, Saviu Ventures is now poised to further develop and empower the burgeoning startup ecosystem in the Francophone region.…….read more

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DEVICES

📱Huawei’s smartphone spinoff Honor announces IPO plan

Honor, a spinoff of Chinese technology giant Huawei, recently announced that it is planning to go public, though the company did not disclose which country it would list in. The move to raise capital in the public markets underscores Honor’s aggressive push in the smartphone market as it looks to mount a serious challenge to Apple and Samsung in the high-end market.

Huawei was forced to sell Honor in 2020 to a consortium of buyers, which included the government of Shenzhen, the southern Chinese city where the company is headquartered. That was after numerous U.S. sanctions on Huawei crippled its smartphone business by cutting the Chinese tech champion off from critical technologies such as software and semiconductors.…….read more

📱Global smartphone sales rebound in October after declining for more than 2 years: Counterpoint

Global smartphone sales rose in October after declining for 27 straight months on a year-on-year basis, led by a recovery in emerging markets, data from Counterpoint Research showed.

Sell-through transactions, or retail sales volumes, grew 5% year-on-year in October, according to the report……read more

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COMPETITION

👨🏻‍💻 Nigerian students to win laptops in Young Innovative Builders programme 

The Minister of Communications, Innovation and Digital Economy, Dr ‘Bosun Tijani, has announced the launch of the Young Innovative Builders (YIB) programme for tertiary students to apply for a chance to win a laptop or tablet.

The YIB programme will showcase and reward innovative projects built by young Nigerians that align with the Ministry’s objectives to grow the digital economy. The top 48 projects in each state and the FCT will receive laptops while the next best 40 will receive tablets. 

Application has started. Click here to know more and apply.

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OTHER STORIES

👾 Nigeria Police Force Makes Breakthrough in Patricia Technologies Cybercrime Case

In a significant development, the Nigeria Police Force has achieved a breakthrough in the cybercrime case involving Patricia Technologies, leading to the arrest of one of the suspects, Wilfred Bonse. The arrest comes after an extensive investigation conducted by the National Cybercrime Center of the Nigeria Police (NPF-NCCC).

Earlier this year, Patricia Technologies, a cryptocurrency trading platform, reported a cybercrime incident to the Inspector General of Police, alleging theft and a breach of its platform. The breach resulted in the loss of funds belonging to depositors, prompting Patricia Technologies to suspend the platform to prevent further compromise of depositors’ funds..…….read more

📲 Orange Launches Max it: A Revolutionary Super-App Tailored for Africa

Max it is designed as a comprehensive “super-app” that serves as a portal for mobile services, catering to both Orange customers and non-customers across the continent. The app integrates three crucial services into a single interface; Account functionalities, Orange Moneys Services and E-commerce platform

The first version of Max it is already available in five African countries, including Cameroon, Senegal, Mali, Burkina Faso, and Botswana. The rollout will continue in waves, introducing functional updates in the remaining countries….read more