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Editor’s Notice
- Week 22, 2023
- Learn time: 5 minutes
In South Africa and Nigeria, it looks as if the pockets of residents and the federal government are getting fairly the heatwave because of skyrocketing gas costs. Make amends for the scorching information and extra from all throughout Africa.
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
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SA approves $86 million for e-policingThe Gauteng province in South Africa has given the inexperienced mild to R1.7 billion ($86 million) for e-policing. This eye-popping sum shall be used to accumulate crime-fighting devices, together with drones. |
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Nigeria ends gas subsidiesNigeria has ended gas subsidies. This transfer has despatched transportation costs hovering to new heights. Now, it’s fueling fairly a debate about the way forward for work within the nation. Will people must pedal their technique to the workplace? |
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Eskom suffers from gas inflationGasoline can be burning holes in authorities pockets in different African international locations.The bills of South Africa’s state-owned energy utility, Eskom, have greater than doubled as a consequence of the price of gas. |
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CBN denies naira devaluationThe Central Financial institution of Nigeria (CBN) dismissed claims that it devalued the naira to ₦630 per $1 from the ₦461 it beforehand was. |
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Zero tax for EV producers
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Multichoice dabbles in funds
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Kenya discontinues Humda
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Second stage of Hustler’s fund
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500,000 prospects affected by knowledge breach
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NearPay wins award at GITEXNigerian fintech start-up Nearpays received the coveted Fintech and Blockchain Expertise on the inaugural Gitex Africa tech convention in Marrakech, Morocco. |
Who introduced the cash this week?
- Morrocan PrestaFreedom, a house providers market, raised $1.1 million in an undisclosed funding spherical from Azur Worldwide Fund.
- Zofi, an Uganda-based fintech firm, raised $1 million in pre-seed funding from Advancly, a Nigerian-based investor Advancly.
- Moroccan well being tech firm DataPathology received $1 million in an undisclosed funding spherical from Azur Innovation Fund.
- Zydii, a Kenya-based digital coaching firm, raised an undisclosed quantity in a pre-seed funding spherical from DOB Fairness, Kua Ventures, Kaleo Ventures, and NaiBAN.