How Starlink is Shaking Up Africa’s Internet Market
Plus: Prop Tech Nawy raises $52 million and Chowdeck officially launches in Ghana
SpaceX’s Starlink is disrupting Sub-Saharan Africa’s broadband landscape by offering fast, widely accessible internet, especially in areas underserved by traditional ISPs.
But performance varies widely, and high latency remains a hurdle.
This is according to a report from Ookla.
In The News This Week:
MaxAB-Wasoko Acquires Fatura to Accelerate Africa-Wide E-Commerce Play
MaxAB-Wasoko, Africa’s leading retail e-commerce and supply chain platform, has acquired Fatura, an Egypt-based B2B e-marketplace, from EFG Finance, a subsidiary of EFG Holding.
South Africa May Bend Ownership Rules To Bring Starlink Online
South Africa’s government is reportedly offering a workaround to its Black ownership laws to allow Elon Musk’s Starlink to operate in the country.
Egypt’s Sylndr Raises $15.7 Million To Take On The Used-Car Market
Sylndr, a Cairo-based startup bringing structure to Egypt’s chaotic used-car market, has raised a $15.7 million Series A round led by DPI Venture Capital via the Nclude Fund.
In the rest of the news (ICYMI):
Ghana’s Wahu Mobility Seals Landmark Carbon Credit Deal with Switzerland
Bolt Launches Flight Tracking for Airport Pickups in South Africa
South Africa Approves Canal+ MultiChoice deal — With Conditions
Crypto Regulation to Spur Innovation, Attract Investment – Says Gillian Darko of YellowCard