By Esha Sarai
But in a city full of taxis and drivers who don’t have smartphones, the San Francisco-based company will have to overcome a lot of challenges to be useful to Dakar residents and turn a profit. The city, like most African capitals, has an abundance of taxis. In most parts of the city, any time day or night, it’s easy to find a ride. But the city is rapidly expanding, and Uber says it has seen an opportunity to move in. Read more
By Alexis Akwagyiram
LAGOS (Reuters) – Global ride-hailing firm Uber Technologies Inc is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive has said .
In much of sub-Saharan Africa there are low levels of personal car ownership, rapidly expanding populations and a lack of efficient mass transport systems in fast-growing cities. Read more
By Olumide Oyekunle
12 African leaders, over 1000 American and African private sector executives. Who is going and who is not?
Organizers hope to bring more than 1,000 American and African private sector executives, international investors, senior government officials, and multilateral stakeholders. The aim will be to open up the African market to US Investors in the wake of recent Chinese resolute incursions. Read more
American Tower agreed to buy Eaton Towers for about $1.85-billion including debt as one of the few international providers of telecommunications infrastructure expands in the fast-growing African market. Read more
Microsoft Corp will invest US$100 million to open an Africa technology development centre with sites in Kenya and Nigeria over the next five years, the company said.
Global tech giants, including Alphabet Inc and Facebook, have been increasing investment on the continent in recent years to take advantage of growing economies with rising access rates to the internet by a youthful population. Read more
By Tom DiChristopher
Occidental Petroleum has reached a deal to sell Anadarko Petroleum‘s oil and gas assets in Africa to French oil major Total for $8.8 billion.
The agreement is contingent on Occidental first reaching an agreement to buy Anadarko and closing the deal. Occidental is competing with Chevron to acquire Anadarko. Read more