South Africa’s Eskom to pay residents for saving electrical energy

South Africa’s Eskom to pay residents for saving electrical energy

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Editor’s Be aware

  • Week 20, 2023
  • Learn time: 5 minutes

Settle into your favourite studying spot to learn in the present day’s version, because it entails the largest tech tales from throughout Africa.

Take pleasure in!

Pamela Tetteh Editor, TechCabal.

Editor’s Picks

Kenya to domestically assemble smartphones

Kenya is edging nearer to native smartphone meeting. In keeping with the ICT Cupboard Secretary, the smartphones will price the proposed quantity of $40, and might be launched in July.

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Nigerian telecoms might disconnect USSD

Nigerian telecoms are set to cease facilitating banks’ USSD providers as a result of banks’ failure to pay over ₦120 billion ($260 million) in USSD money owed.

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SA to pay residents for saving electrical energy

Eskom plans to reward South Africans with as a lot as R3 million ($154,000) for each megawatt of energy they save. That is to scale back the growing hours of blackouts within the nation.

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Zimbabwe sells $39 million of gold-backed token

Zimbabwe took a leap of religion and landed proper on its toes! The Reserve Financial institution of Zimbabwe’s first gold-backed digital foreign money sale bought 14 billion Zimbabwean {dollars}’ price of gold-backed digital tokens—price round $39 million.

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MTN’s $320 million venture

MTN has kicked off a brand new venture, Mission East2West, which is able to make investments R6 billion ($320 million) to attach 10 African international locations between 2023 and 2025 with a fibre cable community.

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Egypt sells stake in Telecom Egypt

The Egyptian authorities has bought 9.5% of its stake in Telecom Egypt to pay its debt. The authorities needs to lift $2 billion by promoting its stake in 32 corporations by June.

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Ghana secures $3 billion IMF bailout

Ghana’s request for a $3 billion bailout from the IMF has been accepted. Traders had been betting on this information over the previous six months, making Ghana’s cedi the world’s top-performing foreign money in opposition to the US greenback.

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Africa to get one other knowledge centre

Africa Information Centres has revealed its plans to begin development on lately acquired land in Accra, Ghana’s central enterprise district. The upcoming facility would be the largest in West Africa, excluding Nigeria, to this point.

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‘Golf Mafia’ cleared of any wrongdoing

Keep in mind these alleged Zimbabwean gold mafia members who have been accused of looting the nation’s valuable gold reserves? They’ve simply been cleared of all wrongdoings because the investigations revealed no proof of gold smuggling on their half.

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Miva secures on-line college license

Miva has been granted an internet college license by the NUC. The college will begin providing levels in eight programs earlier than increasing to different fields.

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Who introduced the cash this week?

  • This week, Kenya-based fintech firm M-KOPA raised $250 million in debt and fairness funding. 
  • Jia, a Kenyan fintech startup, received $4.3 million in seed funding. The spherical was led by TCG Crypto. Different collaborating buyers embrace BlockTower, Hashed Emergent, Saison Capital, World Coin Analysis, Packy McCormick, Anand Iye, Jared Hecht, and Rory Eakin.
  • Figorr Nigerian chilly chain expertise firm raised $1.5 million in seed funding. The spherical was led by Atlantica Ventures. Different collaborating buyers embrace Vested World, Jaza Rift, and Katapult.
  • Egypt’s auto-tech firm Helpoo raised an undisclosed quantity in funding from Saudi agency Morni.
  • Chari, a Moroccan B2B e-commerce firm, raised undisclosed follow-on funding from Plug and Play. 
  • South-African cybersecurity firm Port443 raised an undisclosed quantity in funding from Iziko2.0, a expertise funding agency, and RMB Ventures.

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