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South Africa-based vehicle rental startup, Planet42, has announced that it has closed a $100 million round to scale its operations across South Africa and Mexico.More in #TCDaily.
Days after announcing a $530 million investment in Africa, ride-hailing company Bolt has laid off 24% of its Nigerian staff. About 17 of its 70 employees lost their jobs in what the company describes as a restructuring process.
Multinational ride-hailing company Bolt is doubling down on its Africa operations. Yesterday, the company announced its intentions to invest €500 million ($530 million) in Africa over the next two years.
South African insurtech startup Naked has raised $17 million in a Series B round. The startup wants to use the new funding to expand into new markets, grow its team, and invest in technology. More in #TCDaily.
This week, Telkom revealed that it's embarking on a restructuring process that will affect 15% of its 11,000 workers—about 1,650 people.