French Insurer Alan Acquires Senegal's Tanel in First Africa Move
Paris-based digital health insurer Alan has bought Senegalese insurtech Tanel, marking the first African acquisition by a European digital insurer of this profile.
The Nigerian identity and credit-data infrastructure startup is one of 200 companies picked from thousands of applicants to pitch at TechCrunch Disrupt in San Francisco this October.
As Uber winds down 12 years of Nigerian operations, inDrive's price-negotiation model puts it in pole position to convert cost-sensitive riders and disgruntled drivers into its own.
Two of the world's most valuable tech companies restructure leadership and headcount in the same week, with direct implications for Africa's role as a supplier and market.
A closely watched survey shows confidence among South African businesses has fallen to its weakest point in two years, sitting below the threshold economists consider necessary to drive new investment.
Paris-based digital health insurer Alan has bought Senegalese insurtech Tanel, marking the first African acquisition by a European digital insurer of this profile.
The Johannesburg-based VC becomes one of the few South African-led funds to reach a first close of this size, as a second fund — Capital F — simultaneously raises $17M targeting women-led startups across Africa.
South Africa's two biggest listed retailers posted divergent but positive annual results, with Shoprite's double-digit earnings growth outpacing Woolworths' steady online-led gains.
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