Sunil Bharti Mittal, Chairman of Bharti Enterprises and founder of Bharti Airtel, has urged the world to invest in Africa, calling it the last continent of hope. Mittal s own experience with Airtel s operations in Africa has given him insight into the continent s potential. Airtel Africa struggled initially, but has since turned around its business through rationalization, debt reduction, and network expansion. The company aims to become the leading player in the African market, benefiting from low user penetration and increasing data usage.
(Bloomberg) Marcelo Claure, the former chief operating officer of SoftBank Group Corp., has a new gig: executive chairman and managing partner of his own venture firm, Bicycle Capital. The firm is targeting $500 million for its inaugural fund, and has amassed $440 million in commitments so far.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleElizabeth Holmes Objects to $250-a-Month Victim Paym