June in Africa: Taxi wars, smarter cities and increased investments

Some major companies are getting heavily involved in Africa’s tech space, with global mobile operator Orange leading the way in June. The company has announced the launch of an Africa-focused arm of its early-stage investment program Orange Digital Ventures, US$56 million to the new initiative. Orange Digital Ventures Africa will invest in early-stage innovation projects, and will focus on the areas of new connectivities, fintech, internet of things (IoT), energy and e-health. Other international firms are also stepping up their operations on the continent. London-based VC company TLcom last month confirmed the close of a US$40 million fund for African…

This story continues at The Next Web


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