If you’ve been reading startup tech blogs and news outlets, you might think it’s an exciting time to be a fintech startup in East Africa and India. There are some notable exits coming out of India, like the 2016 acquisition of Citrus Pay by Naspers’ PayU for $130 million, one of the largest-ever acquisitions for the country’s fintech industry.
MUA MISSION, Malawi — If ever there was an example of American and African military bonhomie, it was at a recent summit meeting here over glasses of South African Pinotage and expectations of Pentagon largess.
A auto bomb and gun attack by Islamist militants on a busy hotel in the Somali capital of Mogadishu has witnessed the death of no less than 19 people, reports say. Somalia’s security forces early Thursday morning ended a night-long siege by al-Shabab Islamic extremists at the popular “Pizza House” restaurant in the capital.
Frontier Services Group (FSG), co-founded by Erik Prince who created the U.S. security firm Blackwater, said on Thursday it would provide logistics, aviation and security services for a regional development project in Somalia.Hong Kong-listed FSG said the deal was signed with the Free Zone Investment Authority of the South West State of Somalia, one of the federal regions set up under efforts in the Horn of Africa nation to rebuild its political structures and economy.
There has been promising news coming from Somalia and South Sudan. The Famine Early Warning Systems Network (FEWS NET) — a U.S.-funded body that tracks food insecurity around the world — releases regular reports on affected areas.
Shutting down Al-Jazeera and its affiliate stations is one of the demands Qatar has to agree upon within the next 10 daysActing as a mediator, Kuwait has presented Qatar a long-awaited list of demands from Saudi Arabia, Bahrain, the United Arab Emirates and Egypt, four Arab nations that cut ties with Qatar in early June. A copy of the list was obtained by The Associated Press and translated from Arabic.
Mogadishu: At least 10 people were killed when Shabaab militants drove an explosives-laden minibus into local government offices in the Somali capital Mogadishu on Tuesday, according to the security ministry.
A food security crisis is considered a famine when, according to the United Nations, “20 percent of households face extreme food shortages with a limited ability to cope; acute malnutrition rates exceed 30 percent; and the death rate exceeds two persons per day per 10,000 persons.”