This Week: African creators get a lift

Editor’s Observe

Week 43, 2022
Learn time: 5 minutes

This week is for the creators! From Spotify’s $100,000 fund launch to assist African podcasters to the launch of Breach, a brand new publishing platform for writers, there’s lots of curiosity within the African inventive scene currently.

Learn on to study extra about this, and different fascinating tales like how MTN South Africa is on the hook for falsely promising subscribers chargers. Completely happy studying!

Pamela Tetteh Editor, TechCabal.

Editor’s Picks

	Nigeria to launch new forex notes This week, the Central Financial institution of Nigeria (CBN) introduced that the apex financial institution can be redesigning 4 of the nation’s notes: the ₦100, ₦200, ₦500, and ₦1,000 notes. Why? To stem the circulation of counterfeit notes and retain management of money movement. Read more about it.
	54gene CEO steps down Nigerian genomics startup, 54gene introduced that its CEO and co-founder, Dr. Abasi Ene-Obong has resigned from his place. This comes two months after it laid off 95 workers as a consequence of funding restraints, and some weeks after one other C-Suite worker, Ogochukwu Osifo, who was vice chairman of engineering, resigned. More about it here.
	Safaricom pilots 5G commercially in Kenya Safaricom has rolled out 5G commercially in Kenya. The telco began testing 5G again in April 2021, piloting in choose Kenyan cities, together with Nairobi, Kisii, Kisumu, and Kakamega. Nonetheless, cell knowledge customers in Kenya should wait their flip as Safaricom is barely launching 5G on its WiFi service. More details here.

	Journey-hailing drivers strike in Kenya Three months in the past, Kenya enacted the Digital Taxi Hailing Regulation which can cap all commissions on ride-hailing apps at 18%. Now drivers in Kenya are protesting as a result of the federal government is taking too lengthy to implement the legislation. Read more.

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	MTN in hassle over false promoting In South Africa, MTN is at loggerheads with the nation’s promoting regulator, the Promoting Regulatory Board (ARB). The ARB dominated that MTN misled prospects by not disclosing phrases and circumstances for a promotion which promised subscribers free chargers. Here’s the news.
	Spotify launches $100,000 fund for African podcasters Streaming platform Spotify invested $100,000 into the African podcast scene. The platform introduced a brand new grant known as the Africa Podcast Fund which is aimed toward supporting up-and-coming podcasters throughout the continent. More here.
	Nestcoin launches new platform for African creators Crypto firm, Nestcoin has relaunched Breach, its educative web site, as a content material platform the place African creators can write, edit, publish and share their work. Read more.
	Binance and Utiva to coach 50,000 Africans World crypto platform Binance has partnered with Nigerian edtech Utiva to teach 50,000 youths (ages 18–35) from 19 African nations by offering them entry to an e-learning platform for 12 months.The programme will even award 1,000 individuals with a scholarship to study high know-how abilities at Utiva. Read more.

Who introduced the cash this week?

Nexta, an Egyptian fintech firm, raised $3 million in funding led by eFinance, Egypt’s main supplier of digital funds options, and the spine of the Egyptian authorities’s digital transformation technique.

Egypt-based cleantech, Karmsolar received $2.4 million from Qatar nationwide financial institution Alahli (QBN ALAHLI) and Ezdaher Monetary Advisory, an Egypt-based debt advisory agency.