Editor’s Recent
- Week 30, 2022
- Read time: 5 minutes
In a week-plus, Kenyans will bolt to the polls in what stands to be one amongst the most anticipated elections in Africa this twelve months. As election day draws stop, Facebook has tried to aid by utilizing its platform to curb disinformation and despise speech at some level of the duration. But it absolutely looks the social media huge isn’t working as speedily as some stakeholders in the East African nation would favor. Read all about that in today time’s edition of TC Weekender.
Peace,
Kelechi Njoku,
Senior Editor, TechCabal.
Editor’s Picks
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Kenyan banks to lower ties with Flutterwave and Chipper CashUnicorn fintechs, Flutterwave and Chipper Cash, were caught in a flood of sad recordsdata. This week, the Central Monetary institution of Kenya acknowledged that Flutterwave and Chipper Cash aren’t licensed to operate in Kenya and has directed banks to lower ties with them. |
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NITDA’s new invoice seeks to tax and aesthetic Nigerian tech companiesHow thin is the highway between regulation and restriction? A newly-current invoice by Nigeria’s Nationwide Info Technology Pattern Agency (NITDA) is toeing that line. While it affords for the rights of potentialities, it additionally taxes tech startups and threatens to aesthetic or imprison defaulting parties. |
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Nigeria’s House of Reps passes the Nigeria Startup Invoice
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Kenya threatens to slump FacebookFacebook is coping with an ultimatum to fetch despise speech off its platform in 7 days or bolt away Kenya. This comes after it became once reported that the boom material moderation tools facebook instituted for upcoming Kenya election did not detect despise speech in election adverts outdated to check the platform. |
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AFC make investments $100 Million in Angola’s Cabinda Refinery
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Telkom drags SA’s President Ramaphosa to court docketSouth African cell community operator Telkom has asked the Pretoria High Court docket to repeat President Cyril Ramaphosa to elevate his nostril out of its industry. The president had ordered the Special Investigating Unit to study allegations of maladministration and misconduct at Telkom. |
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Binance provides 12 Nigerian banks to its P2P platformCryptocurrencies are dipping but Binance is deepening its recognize-to-recognize (P2P) quantity. The crypto platform added 21 banks across the African continent to its P2P platform. Though crypto associated transactions are banned in Nigeria, 12 Nigerian banks were incorporated. |
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Fashioned Chartered Monetary institution shuts down global useWeeks after, various African fintechs shutdown their virtual buck card products and companies, British multinational bank Fashioned Chartered Monetary institution, told its potentialities that from August 1, it’d be suspending global use on its naira playing cards. |
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UK’s BII to make investments $6 billion in AfricaWithin the heart of this financial downturn, UK-owned funding company BII is planning to originate a $6 billion funding in Africa.The funding could be revamped the following 5 years in renewable energy, digital infrastructure, and girls folks-owned agencies. |
Who brought the cash this week?
- Correctly being tech startup Ubenwa secured $2.5 million in a pre-seed funding spherical led by Radical Ventures.
- Egyptian e-commerce startup The Style Kingdom raised a seed funding of $2.6 million in a spherical led by Egypt-based fully venture capital firm CVentures.
- Nigeria’s Hashgreed, an NFT market,raised over $1 million to finance its growth targets.
- Hybrid hardware-instrument company Qwili, based fully in Cape Metropolis, raised $1.2 million in an oversubscribed seed spherical led by E4E Africa.
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High Tweets of the Week
What else to learn this weekend?
- South Africa’s taxman wishes its portion of a $1.7 billion scam.
- Abidjan is a hidden gem—but for the methodology lengthy?
- A document on the order of tech in Africa for Q2 2022.
- Nigeria’s Kwik launches e-commerce solution for African agencies.
- How to untag yourself from any tweet using Twitter’s Unmention characteristic.
- Advert tech company Hivestack launches a marketplace for programmatic adverts in South Africa.
- Vantage Info Centers launches a hyperscale recordsdata centre in South Africa.
- African fintech Moove and Uber partner to supply fetch entry to to automobile possession in India.
- Mobility tech platformMAX partners with Yamaha to originate bigger operations across the continent.
- South African fee gateway PayGate provides Samsung Pay as a fee methodology.