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Editor’s Note
- Week 20, 2023
- Read time: 5 minutes
Settle into your favourite studying spot to learn immediately’s version, because it entails the most important tech tales from throughout Africa.
Enjoy!
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
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Kenya to domestically assemble smartphonesKenya is edging nearer to native smartphone meeting. According to the ICT Cabinet Secretary, the smartphones will price the proposed quantity of $40, and might be launched in July. Learn extra. |
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Nigerian telecoms could disconnect USSDNigerian telecoms are set to cease facilitating banks’ USSD providers due to the banks’ failure to pay over ₦120 billion ($260 million) in USSD money owed. Learn extra. |
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SA to pay citizens for saving electricityEskom plans to reward South Africans with as a lot as R3 million ($154,000) for each megawatt of energy they save. This is to scale back the rising hours of blackouts within the nation. Learn extra. |
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Zimbabwe sells $39 million of gold-backed token
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MTN’s $320 million challengeMTN has kicked off a brand new challenge, Project East2West, which is able to make investments R6 billion ($320 million) to join 10 African nations between 2023 and 2025 with a fibre cable community. ADVERTISEMENT Learn extra. |
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Egypt sells stake in Telecom Egypt
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The Next Wave
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Ghana secures $3 billion IMF bailoutGhana’s request for a $3 billion bailout from the IMF has been permitted. Investors had been betting on this information over the previous six months, making Ghana’s cedi the world’s top-performing foreign money in opposition to the US greenback. Learn extra. |
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Africa to get one other knowledge centre
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‘Golf Mafia’ cleared of any wrongdoingRemember these alleged Zimbabwean gold mafia members who had been accused of looting the nation’s treasured gold reserves? They have simply been cleared of all wrongdoings because the investigations revealed no proof of gold smuggling on their half. Learn extra. |
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Miva secures on-line college licenseMiva has been granted a web based college license by the NUC. The college will start providing levels in eight programs earlier than increasing to different fields.
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Who introduced the cash this week?
- This week, Kenya-based fintech firm M-KOPA raised $250 million in debt and fairness funding.
- Jia, a Kenyan fintech startup, acquired $4.3 million in seed funding. The spherical was led by TCG Crypto. Other taking part buyers embrace BlockTower, Hashed Emergent, Saison Capital, Global Coin Research, Packy McCormick, Anand Iye, Jared Hecht, and Rory Eakin.
- Figorr Nigerian chilly chain expertise firm raised $1.5 million in seed funding. The spherical was led by Atlantica Ventures. Other taking part buyers embrace Vested World, Jaza Rift, and Katapult.
- Egypt’s auto-tech firm Helpoo raised an undisclosed quantity in funding from Saudi agency Morni.
- Chari, a Moroccan B2B e-commerce firm, raised undisclosed follow-on funding from Plug and Play.
- South-African cybersecurity firm Port443 raised an undisclosed quantity in funding from Iziko2.0, a expertise funding agency, and RMB Ventures.
…. to be continued
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