Editor’s Notice
- Week 31, 2022
- Learn time: 5 minutes
Sadly, the tech lay-offs proceed unabated. In the meantime, the Nigerian authorities plans to extend VAT on cellular providers. As you comply with these unpalatable tales, I hope they don’t dampen your weekend. Shield your peace. ❤
Kelechi Njoku,
Senior Editor, TechCabal.
Editor’s Picks
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Elevated price of calls, SMS, and knowledgeWhat retains going up? The price of the whole lot. Calls, SMS, and knowledge are about to get costlier in Nigeria. In a scramble to get extra non-oil income, the federal government is ready to impose an extra 5% tax on these. |
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Sendy lays off 10% of its workersLogistics startup Sendy has despatched 10% of its 300-strong workforce house. Following the footsteps of African startups like Vezeeta and Swvl, the corporate is thinning its operational workers to answer the present financial downturn impacting tech corporations globally. |
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OpenServe splits from Telkom Group
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Instagram’s NFT help involves AfricaNFTs are prepared for the world of social media. Are you prepared for it? Regardless of the web3 hacks and cryptocurrency dips, the social media companies are executing their plans to undertake NFTs. Instagram’s NFT Assist might be rolling out to about 100 nations in a number of continents together with Africa. |
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MTN to slash 136 staff
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Corporates warned about utilizing memesThoughts your memes— it may be another person’s enterprise. The Kenya Copyright Board has warned that memes are mental properties and shouldn’t be generated or used for industrial functions with out the permission of the copyright homeowners. |
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Amazon Prime will get its first Nigerian unique films.
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Companion Content material
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MultiChoice and others fined for airing BBC report on banditryMultiChoice could also be regretting its option to air the current BBC report on banditry in Nigeria on DStv. Nigeria’s Nationwide Broadcasting Fee has fined MultiChoice and others for broadcasting the report. The nation’s regulators assume it glorifies bandits and undermines nationwide safety. |
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DStv ordered to reinstate axed eMedia TV channelsAfter a short-lived victory over eMedia within the Competitors Tribunal, DStv has misplaced the following court docket case on the competitors excessive court docket. Now it has to return 4 eMedia TV channels which it minimize off from its satellite tv for pc TV service. |
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The ANC requires shutdown of 2G and 3GOut with the outdated, in with the brand new! South Africa’s ruling get together, African Nationwide Congress (ANC), is advising the authorities to close down 2G and 3G connectivity. That is in a bid to modernise South Africa’s cellular networks. |
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13,000 Egyptians in cellular sports activities eventThe English Premier League is on, however have you ever heard of a cellular sports activities event? It’s precisely what it seems like—a sports activities event performed totally on the telephone. It’s about to open in Egypt and 13,000 have already utilized. |
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ANC to control Netflix and Disney+ in SAWithin the spirit of honest competitors, South Africa’s African Nationwide Congress (ANC) has proposed that the South African authorities regulate and tax streaming providers like Amazon, Disney+, Netflix, and so forth . This may stage the taking part in discipline for native streaming providers—and doubtless enhance the price of utilizing the platforms. |
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Airtel to roll out 5G communityAirtel will roll out 5G providers in August. The community is working with know-how companions Ericsson, Nokia, and Samsung to begin 5G deployment for it’s clients. |
Who introduced the cash this week?
- This week, Homzmart, a web based retail startup based mostly in Egypt, raised $23 million in a pre-series B spherical.
- Kenya-based insurtech startup Lami Applied sciences closed a $ 3.7 thousands and thousands seed extension in a spherical led by Harlem Capital.
- Cape City-based gaming startup, Skrmiish, raised a $2.5 million seed spherical.
- Youverify, an id verification firm secured a $1 million seed spherical extension, bringing its whole seed increase to $2.5 million.
- South African auto restore platform Michanic secured $400k in debt capital from the MultiChoice Innovation Fund.
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