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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 hackers
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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? |
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Samsung breaks the law in Kenya
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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? |
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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. |
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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? |
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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. ADVERTISEMENT
Learn extra. |
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A Safaricom CEO steps down
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Load-shedding bites one other gaint
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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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