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Editor’s Note
- Week 25, 2023
- Read time: 5 minutes
Hello 👋🏾
How are you doing? Read on to your weekly dose of related tech information from throughout the continent.
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
 | Glade loses $214,000 to hackersGlade has joined the checklist of Nigerian monetary service suppliers which have had a not-so-merry encounter with hackers. This time, $214,000 was misplaced. What is the founder saying? |
 | Google to speculate $4 million in black foundersGoogle is granting equity-free funds, $4 million, to startups in Europe and Africa by means of its Black Founders Fund (BFF). Which startups? |
 | Samsung breaks the law in KenyaToeing the steps of Apple, Samsung and different telephone suppliers are defying the South Africa’s ICT regulator’s pointers by promoting telephones with out chargers in Kenya. What is Kenya doing about it?. |
 | Somalia launches QR codeThe Central Bank of Somalia has launched a Quick Response Code (QR code) normal—the SOMQR—to facilitate cashless fee throughout the nation. Is this an enormous deal? |
 | Airtel Nigeria launches 5GAirtel Nigeria has joined the 5G gang. It launched its 5G community in 4 states in Nigeria—Lagos, Ogun, Abuja, and Rivers states. Learn extra. |
 | Kenya will get contactless feeKCB and Visa have partnered to supply contactless funds powered by NFC. Telco Safaricom had tried to tug off one thing comparable with M-PESA however failed greater than 5 years in the past. How will it work? |
 | A dear information violationIn this week’s episode of pricey classes, 100 banks and establishments in Nigeria paid over ₦200 million ($289,885) as penalties for violating the information privateness of Nigerian residents. Learn extra. |
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 | A Safaricom CEO steps downAnwar Soussa is exiting his function as CEO of Safaricom Ethiopia. He was the first CEO of the telecom, which launched in the nation in 2021. Learn extra. |
 | Load-shedding bites one other gaintSouth African retail big Mr Price has blamed its multi-million greenback loss on load-shedding. Other publicly traded corporations together with MultiChoice, Vodacom, Telkom, and MTN have finished the very same factor too. Wondering what number of hundreds of thousands of {dollars} the enterprise misplaced? Find out. |
 | Heritage Bank denies fraudLast week, studies surfaced that ₦49 billion ($83 million) had been stolen from the Nigeria-based Heritage Bank’s accounts. This week the financial institution has denied all studies.
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Who introduced the cash this week?
- South African photo voltaic vitality firm Yellow raised $14 million in Series B funding, in a spherical led by Convergence Partners.
- Nigerian electronics B2B market Eze acquired $3.7 million in seed funding.
- Egypt’s fintech firm Agel raised an undisclosed quantity in an undisclosed funding spherical from Sand River Venture Capital.
…. to be continued
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