OmniRetail shakes up Africa’s B2B e-commerce market with $20M Series A

When Deepankar Rustagi last raised money for OmniRetail in 2022, excitement was high for African startups addressing the supply chain and operational challenges in the fast-moving consumer goods (FMCG) sector. At one point, these startups received more capital than all sectors, except fintech. Recently, though, the industry’s enthusiasm and venture capital’s interest have faded, as…

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The Latest Standoff in the South China Sea

A tiny sandbar in the disputed South China Sea has become the latest flashpoint in tensions between China and the Philippines, with each side displaying its flag to reinforce competing claims on the island. Earlier this month, members of the Chinese Coast Guard landed on the disputed reef, Sandy Cay, unfurled a flag and “exercised…

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