German investor Allianz X chooses Uganda’s SafeBoda as its first African investment

Meet SafeBoda, the African ride-hailing and fintech company

Ugandan bike-hailing startup, SafeBoda has secured a Series B investment co-led by Allianz X and Go-Ventures. This was announced on Tuesday, May 7 by Allianz X.

Allianz X is the digital investment unit of Germany’s Allianz Group, and part of the group’s Renewal Agenda while Go-Ventures is the venture capital arm of Indonesian startup—GOJEK, investing globally in early-stage ventures.

Allianz revenue of 130.6 billion euros places it firmly in the top 5 largest financial services companies in the world. Allianz X invest in digital growth companies that are part of their ecosystems related to insurance: Mobility, Connected Property, Connected Health, Wealth Management & Retirement, and Data Intelligence & Cybersecurity while also helping to drive innovation across Allianz operating entities.

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Middle East’s ’empty broken shopping baskets’ —they looked at the wrong numbers

CRIMSON TAZVINZWA, AIWA! NO!Inflation in the Middle East is typified by the same economic factors affecting most Sub Saharan AFRICAN countries.

Across the world, surging international food prices have become a major cause for concern and topic of debate. This is especially so in the Arab world, which is home to some of the largest food importers and where rising food prices have been one of the factors in recent political unrest.

In the context of ongoing political developments, governments across the region are responding to the rise in commodity prices with hikes in fuel and food subsidies, civil service wage and pension increases, additional cash transfers, tax reductions, and other spending increases. These measures will help poor households maintain their purchasing power and limit further increases in domestic food prices.

South African President Ramaphosa’s ANC retains power amid apathy, waning support

The African National Congress(ANC) was headed toward victory in South Africa’s election on Friday, though the party was on course for its worst performance since it swept to power a quarter of a century ago.

South Africans voting in Wednesday’s election for a new parliament and nine provincial legislatures expressed frustration at rampant corruption, high unemployment and racial inequalities that persist 25 years after the first all-races poll marked the end of white minority rule.

Rwanda’s development model wouldn’t work elsewhere in Africa. True or false?

A quarter of a century ago, in Rwanda, you stood a higher chance of getting flowing blood instead of running water if you opened a tap. That is, of course, if you were in one of the few areas that had access to piped water infrastructure. Elsewhere, poverty, pain and disease festered and the horror of death lurked, awaiting to claim the next victim. And there were many of them! Many stories of the suffering endured during this period are yet to be told in full, and many more will never be told in full for they bring into question the entire concept of humanity itself.

Regardless, a quarter of a century ago, a people decided to defy death, took a stance against an ongoing genocide and fought for freedom, dignity and prosperity. The Rwanda that is familiar in popular imagination today – environmentally clean, economically growing and politically stable – is the result of the sum of all the people who have chosen to be makers of their own history, not bystanders singing redemption songs to a selfish and disinterested international audience. It is a country that has vowed to never again go through the pain and suffering it did, losing over one million lives to ethnic chauvinism. It is also a country that, in building the future it desires, has come under severe criticism at best, and under serious attacks, some of which are – in fact – a threat to national security.

My African union, my identity

My African union, my identity.A video documentary By the state of the union SOTU Rwanda Coalition