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Editor’s Note
- Week 19, 2023
- Read time: 5 minutes
The weekend is right here, allow us to rejoice! Start off your weekend studying the compelling tales that await you on this version of Tc Weekender.
Enjoy!
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
Kenya to tax content material creatorsKenyan content material creators are in for a tax-y trip! The Kenyan authorities is slapping a 15% withholding tax on each fee that goes into the pockets of our beloved digital creators. Learn extra. |
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SA will get on the greylistSouth Africa has landed itself on the “grey list” for monetary crime, courtesy of the Paris-based Financial Action Task Force (FATF). It seems the nation has been caught snoozing on its efforts to fight illicit monetary flows and terrorism financing. Learn extra. |
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Sama must pay moderatorsSama’s “layoff party” was cancelled weeks in the past, and now the Kenyan court docket is asking the previous content material moderation upstart to make sure that the moderators it has been making an attempt to fireside receives a commission their salaries. Learn extra. |
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Safaricom’s new license
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MTN needs to promote its West African propertyIt seems that MTN is dialing down its operations in sure areas. Word on the wire is that MTN is participating in talks to unload a few of its West African property to Axian Group, a pan-African investor in telecoms. Learn extra. |
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NBC can not effective stations
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TC Daily
Get essentially the most complete insights and tales about Africa’s tech and enterprise ecosystem. TC Daily goes out each week at 7 AM (WAT).
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Zimbabwe’s gold foreign moneyZimbabwe is shifting ahead with the launch of its gold-backed digital foreign money this week. Despite the IMF labeling it a improper transfer, the nation used almost 140 kilograms of gold reserves to again the primary sale of its digital cash. Learn extra. |
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Mozambique will get 5G
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Khazna plans for $250 million knowledge centre in EgyptGuess who’s becoming a member of the social gathering? Khazna, the UAE-based wholesale knowledge middle supplier is ready to shell out a staggering $250 million to construct a brand-new knowledge middle in Egypt. Learn extra. | |
Updates from Google I/0At this yr’s Google I/O, the tech big introduced a folding telephone, key software program updates, and naturally, generative AI which is able to most notably be coming to Search.
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Who introduced the cash this week?
- South African Health-Tech firm Quro raised $1.3 million in an undisclosed funding spherical from Mineworkers Investment Company (MIC).
- Egypt-based fintech firm Balad closed an undisclosed quantity in a pre-seed funding spherical. The spherical was led by Acasia Ventures. Other buyers within the spherical embody Launch Africa, Future Africa, V&R, Magic Fund, First Circle, Sunny Side, and several other household workplaces.
- Kenyan fundraising firm, Raise, secured undisclosed funding from Carta, a San Francisco-based firm specialising in capitalisation desk administration and valuation software program.
- DigsConnect, a South African scholar housing firm, acquired undisclosed funding from Itaba Capital.
Kenya says Sama must pay moderators
…. to be continued
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