Telcos roll out the red tape for Starlink
South African telcos MTN, Vodacom, and Telkom are open to Starlink but demand a socio-economic impact assessment before allowing operations. Starlink's broadband service is seen as a threat to local telcos due to its affordability and speed.
Silverbacks’ OmniRetail Exit Showcases Africa’s Startup Strength and Investment Upside
Silverbacks Holdings recorded its ninth successful exit through a partial sale of its stake in OmniRetail. The deal delivered a fivefold return on the original investment, reinforcing Silverbacks' performance in Africa's startup scene.
Moove acquires Kovi to fuel LatAm growth
Moove acquired Brazilian mobility company Kovi, making it a wholly owned subsidiary. The acquisition increases Moove's fleet to 36,000 vehicles and doubles its annual recurring revenue to $275 million.
Moove acquires Brazilian startup Kovi to expand Latin American operations
Moove acquires Brazilian car rental startup Kovi in an all-share deal. Moove officially expanded to Mexico in October 2024.
