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Ladoke Akintola University of Technology (LAUTECH) screening 2024 will be underway soon. Here, we show you, in detail, what to expect through the process: The Lautech screening basics Lautech screening has had established minimum requirements…
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Despite a decline in fraud incidents in Q1 2024, financial industry players agree fraud is an existential challenge. Traditional banks and fintechs have historically fought fraud through internal controls, strengthening security infrastructure, and having adequate…
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Copia Global, the Kenyan B2C e-commerce startup that entered administration on May 24, is still a going concern despite layoffs that affected 1,060 employees on Thursday. Administrators told employees in termination letters on Friday that…
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Following important changes to Know Your Customer processes by the Central Bank, fintech startups must now physically verify the addresses of POS agents (if they offer agency banking services) and all other customers. While the…
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C opia layoffs will raise questions about the company’s future two weeks after it entered into administration. Two weeks after an internal memo showed that the B2C e-commerce platform was struggling to make payroll, Copia…
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This article was contributed to TechCabal by Salma Baghdadi . In an era where talk of Startup Acts, Innovation Bills, and the emergence of new tech hubs saturates political discourse, it’s crucial to scrutinise the…
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This article was contributed to TechCabal by Rossie E. Turman III , Deangeor Chin , and Waleey Fatai of Lowenstein Sandler, Africa Practice . Startup funding in Africa increased steadily from 2016 until the pinnacle…
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The Central Bank of Kenya (CBK) has maintained interest rates at 13%, the same as in April 2013, in a move to strengthen recent economic gains. The decision follows a period of interest rate hikes…
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Ride-hailing apps Uber and Bolt have argued that their Kenyan operations may be unsustainable if the country’s parliament approves the 6% Significant Economic Presence Tax (SEP) proposed in the Finance Bill 2024. “By introducing the…
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Five months after the Kenyan government directed state corporations to audit their employees’ qualifications, the cash-strapped Postal Corporation of Kenya (PCK) fired over 20 staff with fake academic papers. John Tonui, postmaster general, told TechCabal…
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Bolt, a ride-hailing platform that has been accused of holding its drive partners to poor standards, has blocked over 6,000 drivers in South Africa over the last six months for misconduct. “The company will continue…
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The Bank of Uganda (BoU) held its benchmark interest rate at 10.25% on Tuesday, its monetary policy committee (MPC) said, to allow inflation to continue falling to the desired level. Uganda’s interest rate, which rose…
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