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Loss-Stricken Byju’s Seeks Easier Terms on $1.2 Billion Loan
According to persons familiar with the situation, Indian online-education company Byju's is looking to renegotiate its $1.2 billion loan as it battles with high losses and cost-cutting targets.
- Categories
- Education, Telecommunications
- Region
- Asia Pacific
- Tags
- edtech, telecommunications
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Taking a Virtual Trip to the Last Mile: How an Innovative Program is Harnessing Virtual Reality to Advance Progress Toward the SDGs
Boosted by growing internet access and fueled by the pandemic, the virtual reality (VR) market has become the fastest-growing media segment, projected to reach US $185 billion by 2026. According to Julia Winterflood at Kopernik, the immersive nature of VR makes it uniquely suited to raising awareness of social challenges, and the technology is finding applications in the global development sector. She explores how Kopernik is leveraging virtual reality videos to document challenges faced by underserved communities and accelerate progress toward the SDGs.
- Categories
- Social Enterprise, Technology, Telecommunications
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GSMA Publishes Vision for a ‘Circular Economy’ of Mobile Devices
In the lead-up to COP27, the GSMA has published a new, long-term vision for how the mobile industry can increase the circularity of its supply and production chains for mobile devices.
- Categories
- Technology, Telecommunications
- Region
- Global
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Safaricom Gets Approval to Launch M-Pesa in Ethiopia
M-Pesa, the Kenyan mobile money service success story that began in 2007, is continuing its expansion, this time into Ethiopia.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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South African Digital Identity Startup iiDENTIFii Raises Record $15 Million
Cybercrime within the financial sector is a growing threat to Africa. iiDENTIFii will use this investment to fund its expansion across the continent.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Wiocc Secures R540-Million Equity Investment for Expansion in Africa
This investment supports our goal of establishing an integrated, open-access, core-to-edge cloud ecosystem throughout the African continent.
- Categories
- Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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M-Pesa Completes Bill Payment Interoperability in Kenya
To boost financial inclusion, Kenya wants to interconnect the various mobile money platforms that are active in the national territory.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Press Release: D.light and SFC Announce Industry-Leading USD $238 Million Multi-Currency Receivable Financing Facility
The new financing vehicle will pave the way for d.light to sustainably expand its PayGo operations across Africa.
- Categories
- Energy, Telecommunications
- Region
- Sub-Saharan Africa
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