Tech in Africa: All the news you shouldn’t miss from the past month
You have to take the rough with the smooth, and that is exactly what the African tech scene did in October. Along with the usual batch of acquisitions, funding rounds and new launches, there were some notable shutdowns and downsizings that took off some of the shine. Notable acquisitions The month saw some sizeable acquisitions as parts of the scene continue to move towards consolidation. Pan-African integrated payments firm Interswitch acquired Kenyan company Paynet, with the two companies set to combine their businesses in East Africa. Interswitch said the new East African company will provide an “unrivalled payment infrastructure”, uniting financial institutions on a single network, integrating transaction…
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