South Africa has landed itself on the “gray listing” for monetary crime, courtesy of the Paris-based Monetary Motion Job Pressure (FATF). It seems the nation has been caught snoozing on its efforts to fight illicit monetary flows and terrorism financing.
Sama’s “layoff get together” was cancelled weeks in the past, and now the Kenyan court docket is asking the previous content material moderation upstart to make sure that the moderators it has been attempting to fireplace receives a commission their salaries.
Safaricom Ethiopia scored a license from the Nationwide Financial institution of Ethiopia to supply cell cash providers. With Safaricom’s observe document, the Ethiopian fintech scene ought to anticipate the telecom to spice issues up and produce the warmth.
MTN desires to promote its West African belongings
It seems that MTN is dialing down its operations in sure areas. Phrase on the wire is that MTN is partaking in talks to unload a few of its West African belongings to Axian Group, a pan-African investor in telecoms.
A Nigerian Federal Excessive Court docket has dropped a bombshell ruling, saying that the Nigerian Broadcast Fee (NBC) doesn’t have the facility to dish out fines to broadcast stations for any purpose.
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Zimbabwe’s gold foreign money
Zimbabwe is transferring ahead with the launch of its gold-backed digital foreign money this week. Regardless of the IMF labeling it a unsuitable transfer, the nation used practically 140 kilograms of gold reserves to again the primary sale of its digital cash.
Khazna plans for $250 million information centre in Egypt
Guess who’s becoming a member of the get together? Khazna, the UAE-based wholesale information heart supplier is about to shell out a staggering $250 million to construct a brand-new information heart in Egypt.
South African Well being-Tech firm Quro raised $1.3 million in an undisclosed funding spherical from Mineworkers Funding Firm (MIC).
Egypt-based fintech firm Balad closed an undisclosed quantity in a pre-seed funding spherical. The spherical was led by Acasia Ventures. Different buyers within the spherical embrace Launch Africa, Future Africa, V&R, Magic Fund, First Circle, Sunny Aspect, and several other household workplaces.
Kenyan fundraising firm, Elevate, secured undisclosed funding from Carta, a San Francisco-based firm specialising in capitalisation desk administration and valuation software program.
DigsConnect, a South African pupil housing firm, received undisclosed funding from Itaba Capital.
Kenya says Sama should pay moderators
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