article thumbnail

How African startups raised investments in 2020

TechCrunch

Mauritius-headquartered companies received $110 million while African startups headquartered in the U.K. Due to unfriendly regulations, business and tax conditions, Nigerian startups are increasingly incorporating their startups abroad and other African countries like Seychelles and Mauritius. Those in South Africa claimed $119.7

article thumbnail

Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

” The traditional options involve the painstaking process of interfacing with various law and accounting firms, trademark registries and hiring a team to manage these processes. These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dispute between founders and board leaves Capiter in arrears to employees and creditors

TechCrunch

the holding company initially based in Mauritius and now in Abu Dhabi. The board is working to find a legally and operationally viable avenue to pay the balance of August salaries, as expeditiously as possible, that does not undermine the financial and legal restructuring process nor subvert Egyptian law,” said the board in a statement.

Egypt 81
article thumbnail

ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

Italy’s data protection authority has just put out a timely reminder that some countries do have laws that already apply to cutting edge AI: it has ordered OpenAI to stop processing people’s data locally with immediate effect. Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.

API 82