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Editor’s Note
- Week 24, 2023
- Read time: 5 minutes
Hello 👋🏾
Here is a number of of this week’s most attention-grabbing tech tales from accross the world this week.
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
 | Meta’s case in Kenya drags onA June 2 court docket ruling discovered that Meta is the principal employer of 184 content material moderators. Sama, its former content material accomplice, is caught in the center whereas Meta appeals the ruling. Learn extra. |
 | Globus Bank will get hackedThrough a sneaky USSD glitch, hackers wiggled their means into Globus Bank’s system and made off with ₦1.755 billion ($3.7 million) from unsuspecting clients’ accounts. Learn extra. |
 | 45 Fluterwave accounts frozen in KenyaNigerian fintech firm, Flutterwave, has been sued by 2,468 Nigerian nationals in a Kenyan court docket, for allegedly being the medium via which they have been defrauded of Ksh1.6 billion ($12.04 million). Learn extra. |
 | MTN caught in a crossfire in CameroonThe checking account of MTN’s department in Cameroon, which incorporates 14 billion CFA francs ($22 million) has been seized in the center of a combat that MTN has nothing to do with. Now it’s affecting all of MTN’s operations in the nation. Learn extra. |
 | No dividends for Multichoice shareholdersThe dividends of Multichoice’s shareholders are taking a detour this 12 months. The firm is diverting all that cash to funding of its streaming platform, ShowMax, as a result of it believes that ShowMax can convey in blockbuster returns. Learn extra. |
 | Green metropolis will get half of Kenya’s ICT price rangeThe Kenyan authorities has allotted $110 million for the ICT trade. However, practically half of that quantity can be used to develop Konza, a inexperienced metropolis outdoors Nairobi Learn extra. |
 | Kenyan Hustlers get extra fundingStill on the topic of budgets, Kenya has allotted Ksh. 10 billion ($72 million) to Ruto’s Hustlers Fund. This fund was launched in 2022 to help Kenyan SMEs and has reportedly reached 16 million individuals to date. Learn extra. |
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 | Nigeria unifies alternate feeNigeria’s Central Bank (CBN) has floated the naira in a bid to loosen its management of the alternate fee, and ultimately unify it. Learn extra. |
 | Proposed content material creator tax down to five%Cue the sigh of reduction! Content creators in Kenya received’t should pay 15% tax anymore. Just per week after President William Ruto issued his command to evaluation Kenya’s proposed content material creator tax, the tax has be minimize down to five% Learn extra. |
 | YouTube relaxes monetisation guidelinesYouTube is stress-free the foundations for its accomplice program, so new creators can begin incomes as early as attainable from their video-making careers. However, it’s nonetheless not rosy for brand spanking new content material creators.
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Who introduced the cash this week?
- Nigerian communications-as-a-service startup, Termii, raised $3.65 million in pre-seed funding.
- Egyptian logistics firm, Trella, obtained $3.5 million in an undisclosed funding spherical from non-public fairness fund, Avanz Capital Egypt.
- South African agri-tech firm, Maltento, raised $3.3 million in an undisclosed funding spherical from Sand River Venture Capital.
- Nigerian logistics firm, Messenger, raised an undisclosed quantity in pre-seed funding. The spherical was led by Nama Ventures, with participation from Aidi Ventures and different angels.
…. to be continued
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Copyright for syndicated content material belongs to the linked Source : TechCabal – https://techcabal.com/2023/06/17/metas-case-in-kenya-drags-on/