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Editor’s Note
- Week 08, 2023
- Read time: 5 minutes
Hey hey, hey!
In this version, we’ve obtained updates from Kenya, Ethiopia, and Angola. We even have information from Nigeria, the place the locals are flexing their democratic muscle groups and casting their ballots within the common elections.
Keep scrolling for all of the deets!
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
 | Fewer factcheckers for Nigeria’s electionsSocial media platforms appear to be taking a ‘hands-off’ method to faux information, by letting go most of their content material moderators. How will this have an effect on the overall elections getting in Nigeria? Learn extra. |
 | China mines lithium in NigeriaKaduna, a state in northern Nigeria with vital lithium deposits, has chosen China’s Ming Xin Mineral Separation Nig Ltd to construct the nation’s first lithium-processing plant, with a plan to provide batteries for electrical autos (EVs). Kaduna’s future is trying vivid and electrical! Learn extra. |
 | Kenya to ban IPv6 gadgetsKenya is banning the sale of gadgets that may’t deal with IPv6 from July 2023. This means no extra historical IPv4 addresses for cell phones, computer systems, printers, and scanners. Learn extra. |
 | Sonatel discovers a $200,000 hackInfamous hacker Massa Diouf dialled up some hassle and swiped CFA143 million ($200,000) from Senegalese telco chief Sonatel.The cyber theft was perpetuated by way of the cell cash app Andadoo. Learn extra. |
 | Starlink enters RwandaLooks like Starlink is connecting extra dots in Africa! This week, the web service supplier lit up Rwanda’s digital skyline. This thrilling improvement comes on the heels of Starlink’s official launch in Nigeria a couple of weeks in the past. Learn extra. |
 | Bolt’s Nigerian layoffsLooks like Bolt’s guarantees in Nigeria hit a velocity bump! The ride-hailing firm lately laid off 17 out of its 70-man workforce, simply days after promising to inject a contemporary $500 million into its African operation. Learn extra. |
Report: Trends in verification and onboarding
Discover the most recent developments in identification verification and person onboarding throughout Africa. Download our report to realize beneficial insights on failed verification charges, in style verification channels, and extra.
 | Kenya is in talks to legalise cryptoThe Kenyan Senate Standing Committee on Information, Communication, and Technology is in talks with the Central Bank of Kenya to hash out insurance policies that can allow the nation to take a “byte” into the world of digital currencies. Learn extra. |
 | Angola to speculate $89 million within the cloudThe Angolan authorities has pledged to speculate $89 million for the implementation of the infrastructure of the National Cloud of Angola, in response to the nation’s ministry of telecommunications, data applied sciences and social communication. Learn extra. |
 | Another Chippercash layoffTwo months after shedding 12.5%—50 folks—of its workforce, fintech unicorn Chipper Cash is imposing a second spherical of layoffs. Now, the startup has laid off one-third of its 350 staff—about 100 staff—throughout completely different departments. Learn extra. |
 | Ethiopia’s $150 million licence priceEthiopia may be opening up its telco financial system, but it surely’s not doing so cheaply. Last week, the National Bank of Ethiopia proposed $150 million because the licence price for all cell cash operators who need to arrange store within the nation.
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Who introduced the cash this week?
- This week, South African automobile subscription startup, Planet42, raised $100 million in mixed fairness and debt funding to assist it speed up its enlargement.
- Co-Creation Hub closed a brand new partnership with the Mastercard Foundation underneath the Mastercard Foundation Ed-Tech Fellowship Programme to launch a $15 million ed-tech accelerator initiative in Kenya and Nigeria.
- Tanzanian agritech startup BioBuu obtained $200,000 in seed funding from the GIIG Africa Fund.
- Jumba, a B2B building startup primarily based in Kenya, raised $4.5 million in funding in a spherical led by LocalGlobe. Other contributors embrace Enza Capital, Foundamental, Seedstars International Ventures, Logos Ventures, VelocityInvest, First Check Africa, and Alumni Angel Network.
Game: Sweet & shiny
Play this recreation. It’s like Wordle but it surely comes with a touch.
What is good and glossy? Take 5 guesses.
Top Tweet of the Week
…. to be continued
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