Bolt secures funds for expansion

The European Investment Bank (EIB) has signed a EUR 50-million venture debt facility with Bolt, an on-demand transportation platforms in Europe and Africa. The financing is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the...

SAI Global QPRO and SAIGAS acquisition deal closes

NOSA Group has announced the closing of the transaction to acquire QPRO and SAIGAS, the Assurance South African businesses of SAI Global. The acquisition, through its wholly owned subsidiary Aspirata (trading as NOSA Testing, Inspection and Certification (TIC)),...

Kingson kicks off first Silicon Valley Bootcamp

South African based Venture Capital firm, Kingson Capital, will be sending five South African tech startups to Silicon Valley next week as part of its first Silicon Valley Bootcamp programme. In August 2019, in partnership with AKRO Accelerate, Kingson held the...

Archana Deskus is Intel’s new CIO

Intel has announced the appointment of Archana (Archie) Deskus as senior vice-president and chief information officer (CIO), effective 30 January. Deskus will oversee Intel’s global information technology operations and report to Intel chief financial officer...

New regional director at Facebook

Derya Matraş has been appointed as regional director of Facebook in the Middle East, Africa and Turkey. In this role, Matraş will lead Facebook to serve businesses and communities and to grow the company’s economic and social impact across the region. “The...

Insight Partners to acquire Veeam in $5bn deal

Software investor Insight Partners has entered into a definitive agreement to acquire Veeam Software for $5-billion. Under the ownership of Insight Partners, Veeam will become a US company, with a US-based leadership team, while continuing its global expansion from...