Editor’s Note
- Week 04, 2023
- Read time: 5 minutes
Greetings, expensive readers, and welcome to a different version of TC Weekender. We are thrilled to current to you essentially the most vital information from throughout the African continent. This week, South Africa, Kenya, and Nigeria are significantly noteworthy.
South Africa has lately welcomed the arrival of a brand new knowledge middle, 2Africa’s submarine cable, and has established guidelines for the promoting of cryptocurrency. Nigeria has made historical past by launching the first domestic card on the continent. Kenya, then again, has been inflicting disappointment to digital lenders and its residents by delaying the digital lenders licensing course of and reversing earlier rulings on cellular cash.
Read on to remain knowledgeable about these and different thrilling developments.
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
Nigeria launches a domestic card
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Kenyan excessive courtroom okays cellular switch pricesThe Kenyan High Court has dominated for banks within the nation to renew prices on transfers between financial institution accounts and cellular cash operators. This ruling comes lower than two weeks after the identical courtroom ordered the suspension of such prices ending the two-year run of free transfers. Learn extra. |
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Kenya drafts new regulatory sandboxThe Communications Authority of Kenya has printed a draft of the “Framework for Emerging Technologies Regulatory Sandbox” and is looking for the general public’s suggestions by February 3, 2023. The sandbox is a managed atmosphere by which innovators can conduct dwell assessments of latest merchandise that the present rules don’t adequately cater to. Learn extra. |
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SA will get one other knowledge centreCape Town has gotten one more knowledge centre—a 20MW IT load facility that’s anticipated to be up and working by mid-2024. The nation is changing into the information hub of the continent regardless of the electrical energy troubles it has been experiencing. Learn extra. ADVERTISEMENT |
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Swvl tries to undo Volt acquisitionLow on money and excessive on losses, the Cairo-born Nasdaq-listed bus operator Swvl desires to undo its 2022 acquisition of Turkish transportation-as-a-service operator Volt Lines. for $40 million because it searches for a technique to survive and change into worthwhile this yr. Learn extra. |
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Swvl escapes Nasdaq delisting
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The State of Tech in Africa Report
Our State of Tech report for This fall 2022 can be obtainable for obtain quickly. Till then, obtain the Q3 report in case you nonetheless haven’t.
Delayed CBK licence threatens digital lenders
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New guidelines for crypto adverts in SA
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Cape Town to pay residents for energy
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2Africa’s submarine cable lands in South Africa2Africa’s submarine cable has landed in South Africa, from the place it would journey to different touchdown factors in Africa to energy superior web infrastructure. It landed in a Vodacom facility in Gqeberha and is scheduled to start full operations in 2024. Learn extra. |
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Naspers plans to layoff 30% of workforceNearly 3 months after asserting its shaky 2022H1 monetary outcomes, Africa’s Most worthy public firm, Naspers, and it subsidiary, Prosus, are planning a 30% workforce discount over the course of the yr.
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…. to be continued
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