Editor’s Note
- Week 09, 2023
- Read time: 5 minutes
This version of TC Weekender comes bearing excellent news for all cash-strapped Nigerians, the plans the introduced winner of Nigeria’s presidential election has for tech within the nation, and Messi shopping for his World Cup-winning teammates gold iPhones.
Read on to remain knowledgeable about these and different thrilling developments.
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
 | Old notes stay authorized tenderAfter some intense theatrics, hair-pulling queues, and forking over ₦2,000 simply to pocket ₦5,000 from POS sellers, the Supreme Court of Nigeria has lastly killed the Naira redesign plan. Additionally, the court docket has decreed that the outdated ₦200, ₦500, and ₦1,000 payments shall keep their forex standing till December 31, 2023. Learn extra. |
 | CBN lowers tenure limits at banksNigeria’s Central Bank has made one other head turning determination that’s shaking up the banking business. The apex financial institution has revised the tenure restrict for execs and non-execs in banks. Now, bankers will solely have the ability to serve as much as twenty years on the board. Learn extra. |
 | Tinubu’s plan for NigeriaAt 4am on Wednesday, Bola Ahmed Tinubu was introduced as Nigeria’s President-elect. Although doubts persist in regards to the election’s credibility, it’s worthwhile to look at Tinubu’s blueprints for the tech ecosystem to gauge what’s in retailer if his win prevails. Learn extra. |
 | Corporate shakeup in SafaricomKenya’s high telco, Safaricom, has continued its company shakeup with the appointment of recent board members. After changing John Ngumi, who served as chairman for solely six years, Safaricom has introduced Karen Kandie and Ory Okolloh as new members of the telco’s board of administrators. Learn extra. |
 | MTN to disable non-RICA’d SIMs in SAAnyone who will get a brand new MTN SIM card in South Africa has to RICA (activate it with their private particulars) inside three days, or it’s hasta la vista, child! This is to cut back the variety of SIM playing cards which can be in limbo and might also assist the police to trace criminals and crime witnesses quicker. Learn extra. |
 | Jumia’s now liable for dangerous itemsThe Common Market for Eastern and Southern Africa (COMESA) has been investigating Jumia’s phrases and circumstances since September 2021 and has now dominated that the corporate will now not have the ability to keep away from accountability for items bought by third events on its platform. Learn extra. |
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 | Messi presents gold iPhones to teammatesLionel Messi has been making rounds with information of his £175,000 buy of customised gold iPhones for his 2022 world cup-winning group. Talk a few golden contact on and off the sphere! Learn extra. |
 | Payday appears to be like to lift fundingAccording to paperwork seen by TechCabal, Payday is seeking to increase $1.5 million to broaden its product and engineering group, and operations. Learn extra. |
 | Showmax makes a comebackMultichoice, NBCUniversal, and Sky have introduced a partnership which is able to see the relaunch of a brand new model of Showmax. The partnership will see Showmax streaming English Premier League matches. Learn extra. |
 | MultiChoice to speed up 11 startupsThe MultiChoice Africa Accelerator Programme has rounded up 11 startups from 9 African nations that MultiChoice thinks will not be simply potential moneymakers, but in addition have the potential to resolve real-world points with their tech options. Which startups have been chosen? Find out. |
 | Sasol to speculate $53 million in greentechSouth African chemical compounds and power firm Sasol has introduced that it has established Sasol Ventures to advance and fund its decarbonisation and 2050 internet zero ambitions by means of enterprise capital.
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Who introduced the cash this week?
- South African e-health firm, Envisionit, raised $1.65 million in an undisclosed spherical from New GX Ventures SA.
- Hollydesk, a fintech firm primarily based in Egypt, raised $1 million in debt funding from undisclosed traders.
- Morocco-based ed-tech firm KoolSkools raised $960,000 in an undisclosed spherical from the Azur Innovation fund.
- Nigerian blockchain firm Wicrypt Network acquired $150,000 in grants from LEAP 2023 Rocket Fuel Pitch Startup Competition.a
…. to be continued
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