Uber Loses $1 Billion in Q1 2019, Helios to Invest $1.35 Billion Fund in African Companies and Startups, and More

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We wish you a happy new Month and a great week ahead.

Techpoint Inspired 2019 took place on Saturday, June 1st, 2019 in Lagos Nigeria. If you missed out, go to the event page of www.techgistafrica.com to see highlights.

Uber made our biggest story today. The ride-hailing company released its financial report for the first quarter of 2019. The report shows a loss of $1.1 Billion as a result of rider’s promotions, driver’s incentives, cost of self-driving cars, and the expansion of Uber Eats.

A private equity company, Helios Investment Partner, has plans to invest $1.35 billion in funding African startups. The funds will be invested in telecommunications, media, financial services, power, travels, distribution, logistics, and agro-allied companies.


See also: MEA Investments in Artificial Intelligence Skyrockets to $530 million by 2022 – IDC, South Africa National Blood Services Unveils Blood Delivery Drone and Mor


Altron BPS has collaborated with Microsoft to startup a cloud academy for training professionals. This academy will help professionals learn how to configure cloud storage, install and maintain Azure environments, etc. At the end of the program, professionals will receive Microsoft Azure certificates.

Facebook realized that information is crucial to health organizations planning health campaigns or responding to a disease outbreak. They have launched three maps to provide insight into the population of people living within demography.

Finally, Google has rolled out a paid Ad Blocker Feature on Chrome. Hence, only paying customers can update Ad Blockers on their browser. So be prepared to start seeing so many ads or pay for AdBlockers updates.

Hope you had a good read.

Stay tuned for the latest gist on @techgistafrica and enjoy the rest of the day.

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