Quite a few financial institution accounts frozen for unlawful transfers from Flutterwave

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Editor’s Be aware

Week 10, 2023
Learn time: 5 minutes

One other week, one other lineup of fascinating, insightful, and generally controversial tech tales from across the continent. Welcome to a different version of TC Weekender.

Take pleasure in!

Pamela Tetteh Editor, TechCabal.

Editor’s Picks

	Quite a few accounts frozen for Flutterwave On Sunday, funds fintech Flutterwave denied a Techpoint report that hackers had stolen ₦2.9 billion of their clients’ funds, insisting that no funds have been misplaced. However a number of sources instructed TechCabal a distinct story. Learn more.
	Fintechs stand up in opposition to fraud Amidst hack allegations, Flutterwave and a flock of Nigeria’s largest fintech startups are making a joint technique to sort out fraudulent transactions inside their networks. Learn more.
	Safaricom sued for $2.4 billion Three plaintiffs have indicted Safaricom and Vodafone in a lawsuit which claims that Safaricom is working its M-Pesa arm and Fuliza, its overdraft service, illegally. Learn more.
	Nigeria kicks off open banking The Central Financial institution of Nigeria has launched open banking tips, making Nigeria the primary nation in Africa to undertake open banking laws. Learn more.
	Uniform shortcodes for Nigerians For simple memorisation by customers and a extra cohesive regulatory setting, Nigeria’s telecoms trade has begun implementing uniform shortcodes. Learn more.
	Kenya desires to spy on cellular cash Kenya can not afford excessive taxes. They stifle progress, lower funding, and deter enterprise. Nevertheless it additionally can not afford its mounting debt. So the federal government plans to throw a much bigger tax internet—one vast sufficient to tax cellular cash funds. Learn more.

Occasion: TechCabal At 10

Right here’s a listing of all of the Twitter Areas we’ll be holding to have a good time our Tenth-year anniversary. Hyperlinks are coming quickly.

March 14—Beyond Funding: Meet the crew main TechCabal’s newsroom. Why is TechCabal telling the sorts of tales we’re telling now, and the way this pondering has influenced our growth drive? How is TechCabal’s editorial management driving this?

March 16—Building newsletters readers want. How has TechCabal grown to construct seven publication merchandise, and what drove this progress? How does TechCabal measure success in the case of its publication merchandise, and what are its plans?

March 21—Meet the team telling African tech stories that matter. TechCabal captures the gamers, human influence and enterprise of tech in Africa. We offer the content material, reporting, information, and context to assist the world perceive how tech is altering Africa. Who’re the journalists doing all of this vital work?

March 23—What is the future of tech in Africa? Within the final 10 years, the African tech ecosystem has advanced rapidly. We all know this firsthand at TechCabal. What does the longer term seem like? Be a part of us for an insightful dialog with Ola Brown, Stephen Deng, Hope Ditlhakanyane, and Ngozi Dozie the place we reply these questions.

March 30—The role of the media in covering African tech. How can the media assist Africa’s growing tech ecosystem? What duty does the media owe the ecosystem, and what can the media count on in return? Ought to the media solely cowl good tales?

	Alerzo lays off 400 individuals In additional layoff information, tech platform Alerzo has laid off 400 of its staff. September 2022 noticed the startup’s first layoff spherical, the place it reportedly laid off over 100 employees in what the corporate described as a cost-saving measure. Learn more.
	Twiga Meals farms with the Kenyan authorities B2B meals commerce startup, Twiga Meals, has commenced maize farming as a part of a public-private partnership with Kenya’s authorities to scale up meals manufacturing. Learn more.
	Osun accelerates digitisation plans Governor Ademola Adeleke of Osun State has cancelled Proper of Approach charges! He has introduced that telecom corporations and web suppliers can now lay their fibre optic cables within the state free of charge. Learn more.
	MFS Africa and Western Union accomplice in Madagascar MFS Africa not too long ago introduced a partnership with the worldwide cash switch behemoth Western Union, revealing plans to pilot in Madagascar. This choice has left tech fanatics across the continent quizzical. Find out.
	The 27 ladies impacting the ICT sector We labored with MTN Nigeria to curate a listing of 27 ladies who’ve 20 years price of contributions in numerous capacities within the ICT trade. This record featured Adia Sowho, Funke Opeke and lots of others who’ve impacted the ICT sector. Read more.