Hey Guys,
It’s time for the Big 5 Daily gists. Let’s go!
ByteDance, Tiktok’s parent company, has reportedly announced that it will not sell TikTok’s US $50 billion worth of operations and source code to either Microsoft, Oracle, Twitter, Google, or Wallmart. So, who gets to save it from a looming ban?
Drone delivery company, Zipline has partnered with Walmart to run retail delivery services in the United States. It will focus on health and wellness products and gradually expand to accommodate general merchandize.
See Also: The BIg 5 Daily 14th September 2020
In other news, WomenWork and Mastercard have launched Rebuild, a $15 million fund for Kenyan women-led enterprises. The fund will offer emergency interest-free short-term loans to businesses, offer support, and train women entrepreneurs online.
In yet another partnership deal, KaiOS Technologies and Telkom Kenya have launched Kaduda T-Smart, a smart feature phone. This ‘significant upgrade’ is in a bid to address the growing demand for priced internet-enabled devices with affordable data plans.
Helios Towers, a leading telecom tower infrastructure company in Africa, led a $60 million Series B funding round for Thunes, a Singapore-based fintech startup. Helios has solidified its interest in the fintech space, after investing in Fawry which recently listed on the Egyptian Stock Exchange.
That’s all for today. You can check out some of our latest articles on the blog or visit our social media handles via techgistafrica.com