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Breaking business and technology news in Africa, Asia, Latin America, Eastern Europe, and the Middle East.

Chinese tech companies cut shipments to Russia

Chinese tech companies cut shipments to Russia

Chinese tech companies including Lenovo and Xiaomi are reportedly pulling back and cutting shipments to Russia, amidst pressure from U.S. sanctions and suppliers, according to the Wall Street Journal.

China is dumping foreign PCs

China is dumping foreign PCs

China has ordered its own government agencies and state-backed companies to replace foreign-branded PCs with domestic alternatives that would run on local operating systems over the next two years, reports Bloomberg.

Elon Musk buys Twitter for $44 billion

Elon Musk buys Twitter for $44 billion

Twitter on Monday announced that it has reached a deal to be acquired by an entity wholly owned by the world's richest man, Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. * The deal, which is expected to close in 2022, subject

Asia-based startups raised more than $1.3 billion in VC funding this week

Asia-based startups raised more than $1.3 billion in VC funding this week

This week on The Draft, we tracked more than 75 tech and startup funding deals across emerging markets worth over $1.8 billion.

African payments giant DPO Group gets licence in Nigeria to take on Flutterwave and Paystack

African payments giant DPO Group gets licence in Nigeria to take on Flutterwave and Paystack

In case you were wondering what DPO Group, a payments services provider for African businesses, which was acquired by Dubai-headquartered payments giant, Network International back in 2020 for $288 million has been up to - we've got an update for you. While the takeover was expected to have closed in

Lipa Later, SeamlessHR, Anka, Bfree, Lead School, Pluang, Curefoods, Muvin, Recykal, IppoPay, Koinworks, Tul, Pentera, Placer, and Dawul

Lipa Later, SeamlessHR, Anka, Bfree, Lead School, Pluang, Curefoods, Muvin, Recykal, IppoPay, Koinworks, Tul, Pentera, Placer, and Dawul

We tracked more than 30 tech funding deals across emerging markets worth over $1.5 billion, with companies in Africa and Asia alone raising over $1 billion.

Honey Ogundeyi, Founder and CEO of Edukoya

Nigerian EdTech platform Edukoya raises $3.5 million in pre-Seed round, and more

The Draft is a weekly news series that brings you the most important tech news across key emerging markets in Africa, Asia, Eastern Europe, Latin America, and the Middle East from the Techloy News Team.

Opontia gets $42M to continue its e-commerce brand buying spree in the Middle East and Africa

The Draft is a weekly news series that brings you the most important tech news across key emerging markets in Africa, Asia, Eastern Europe, Latin America, and the Middle East from the Techloy News Team.

Equinix acquires MainOne for $320 million

Equinix acquires MainOne for $320 million

U.S.-based digital infrastructure company Equinix has announced its acquisition of MainOne, a leading West African data center and connectivity solutions provider, with a presence in Nigeria, Ghana, and Côte d'Ivoire. The deal, expected to close around the first quarter of 2022, and subject to regulatory approvals has an