From Lagos to Nairobi

Nigerian mobility fintech startup Moove, backed by Uber, has acquired Kovi, a Brazilian car rental startup, in an all-stock transaction. This move strengthens Moove’s presence in Latin America’s largest ride-hailing market and furthers its global expansion, with operations now spanning 19 cities across five continents. As part of the deal, Kovi’s investors—including Accel, Spectra Investments,…

Airtel Kenya’s mobile money service, Airtel Money, significantly increased its market share from 2.9% to 7.6% by September 2024, according to data from the Communications Authority of Kenya (CA). This growth was driven by free Airtel-to-Airtel transfers, lower fees for sending money across networks compared to Safaricom’s M-PESA, and cheaper withdrawal charges. During the same…

Jan 27 – U.S. President Donald Trump revealed on Monday that Microsoft (MSFT.O) is negotiating the acquisition of TikTok and expressed interest in seeing a competitive bidding process for the app. Microsoft has declined to comment on the matter, and neither TikTok nor its Chinese owner ByteDance responded to Reuters’ inquiries outside regular business hours….

Summaries of the things that happened around tech today!

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