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
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Nigeria to launch new forex notesThis 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. |
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54gene CEO steps down
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Safaricom pilots 5G commercially in Kenya
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Journey-hailing drivers strike in KenyaThree 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. |
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MTN in hassle over false promotingIn 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. |
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Spotify launches $100,000 fund for African podcastersStreaming 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. |
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Nestcoin launches new platform for African creators
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Binance and Utiva to coach 50,000 Africans
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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.
- Egyptian proptech firm, Seqoon raised $500,000 in a pre-seed spherical from Banque Misr’s pilot program and a few angel buyers.
- Kiwe, an Egyptian fintech, secured an undisclosed quantity in funding from ValU.