Shoprite, South Africa’s largest retail group, has secured $205 million in green and “sustainability-linked” loans from two big banks Standard Bank and Rand Merchant Bank (RMB).
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Y Combinator, Sequoia Capital, and other tech investors advised portfolio companies in May to buckle up for hard times and plan for the worst. Heeding that advice, African startups started responding with firings.
Safaricom's financial report shows that half of its profits came from M-Pesa. Endeavor Catalyst raised $292 million. Tesla's rivals are recruiting its laid-off talent. Read more in #TCDaily.