American billionaire Ronald Lauder through Pan African Investment Company (PIC) funds an undisclosed amount in convertible debt to Kenyan car manufacturing startup Mobius to produce Africa's cheapest car.
Industry
RRsat sees video distribution market shifting to outsourcing
New technologies in digital media services and an industry shift towards outsourcing will bring strong growth opportunities in the coming years, said Avi Cohen, chief executive of Israel's RRsat Global Communications Network.
VCs eye big cloud software returns despite dwindling valuations
A cloud software boom has nudged startups into unlikely realms such as dairy farms, yoga studios and back-of-the-building loading docks, leading venture capitalists to hope for stratospheric returns.
Time to embrace the Internet, Iran president says
Iran should embrace the Internet rather than see it as a threat, President Hassan Rouhani has said, in remarks that challenge hardliners who have stepped up measures to censor the Web.
Apple strikes a new chord in the future of music
More than a decade ago, the late Steve Jobs pulled one of his trademark reality distorting maneuvers, browbeating music label executives into selling songs on Apple Inc's then-nascent iTunes digital store for a mere 99 cents apiece.
Latest News
Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars.
The Florida Venture Forum will host its seventh annual Early Stage Conference May 15 together with the 4th Annual Statewide Collegiate Business Plan Competition in Florida attended by 20 choice ventures positioned for equity financing.
Singapore-based asset manager Dymon Asia Capital has received a commitment worth $500 million from Temasek Holdings to start a hedge fund seeding venture at a time the Asian industry is starting to recover after six years of sluggish growth.
The collapse of the $35 billion merger of New York-based Omnicom with France's Publicis is likely to lead the world's biggest ad agencies to think small as they try to counter the challenge from internet giants like Google.
Shakr Media hooks $2.3 million in a Series A round to expand tech platform. Their sole investor is POSCO Venture Capital, who assisted with receiving funds from the South Korean government.
Internet entrepreneurs made their television debut in April with the fictionalized comedy series Silicon Valley. Now start-up entrepreneurs are getting a self-help TV show in which aspiring tech moguls can call in anonymously and get advice from experienced industry players.
More than 100 technology companies, including Google Inc, Facebook Inc, Twitter Inc and Amazon.com Inc, have written to U.S. telecom regulators to oppose a new "net neutrality" plan that would regulate how Internet providers manage Web traffic.
Dr Kiprono Kittony, the chairman of the Nigeria-Kenya Chamber of Commerce, announced in a meeting in Abuja Monday that 7 of the 46 newly discovered oil fields will be granted to Nigerian business men.
Silicon Valley need have no fear, but look out for the latest upstart to enter the tech arena: Miami.
