INSUBCONTINENT EXCLUSIVE:
deal out of its real estate project to build a new 10-story HQ in Lagos, CcHub CEO Bosun Tijani told TechCrunch.Details are emerging on how
the two entities will operate together, but Tijani noted some degree of autonomy
Tijani is now co-CEO of both organizations.Nekesa Were continues as iHub managing director
governance.CcHub will also use the iHub addition to expand the investment scope of its Growth Capital Fund.The acquisition brings together
million in revenues for 2019.On the disjointed news, Andela CEO told TechCrunch the layoffs were due to a shift in market demand for the
to a lack of demand or financial woes
Only one VC-backed digital company has revealed annual revenues between $50 and $100 million
packages and are receiving placement assistance from partners, including incubators CcHub and iHub.Chinese mobile phone and device
in Shenzhen, Transsion is a top seller of smartphones in Africa under its Tecno brand
The company has also started to support venture funding of African startups.Transsion issued 80 million A shares at an opening price of
35.15 yuan (? $5.00) to raise 2.8 billion yuan (or ? $394 million).Transsion plans to spend 1.6 billion yuan (or $227 million) of its STAR
Market raise on building more phone assembly hubs, and around 430 million yuan ($62 million) on research and development, including a mobile
phone R-D center in Shanghai.Transsion has a manufacturing facility in Ethiopia and announced plans to build an R-D facility in India.There
First, the public listing and accompanying capital could mean more venture funding for African startups.Transsion-funded Future Hub already
