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Editor’s Note
- Week 23, 2023
- Read time: 5 minutes
Hello whats up everybody 👋🏾
While you agree in for the lengthy weekend, learn a couple of of this week’s most fascinating tech tales from the house entrance and overseas
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
Binance is illegal in NigeriaIn a round revealed yesterday, Nigeria’s Securities and Exchange Commission directed Binance Nigeria Limited to instantly cease soliciting Nigerian traders in any kind in any respect. Learn extra. | |
Is Tingo a rip-off?Tingo seems to be tango-ing in an online of lies. Hindenburg analysis group accused the NASDAQ-listed agri-fintech firm of being an “exceptionally obvious scam.” Learn extra. | |
Twiga prunes its workersTwiga Foods is saying “Go big or go home.” Last 12 months, the agritech fired 211 full-time salespersons and changed them with “free agents”. There are additionally 2000 folks ready in line to interchange these free brokers if Twiga fires them for underperforming. Learn extra. | |
MTN is set to go off-gridTelecom operator MTN is in search of a manner out of South Africa’s load shedding because the nation’s energy instability is taking a toll on its enterprise. Now the yellow telco is getting ready to go inexperienced with off-grid renewable vitality. ADVERTISEMENT Learn extra. | |
Mara’s second layoffAfter a 21 million greenback fund elevate, Web3 startup Mara has laid off its workers for the second time. This new wave of layoffs comes six months after it let go of practically half its workers final 12 months. Learn extra. | |
Bolt affords the drivers on strike additional cashFuel costs are touching the sky in Nigeria, and Bolt drivers have gone on strike to compel Bolt to extend its minimal price to ₦2000. However, Bolt refused. Instead, it is providing them a bonus of ₦6,000 with phrases and circumstances to cease the strike. Learn extra. | |
Chipper Cash lays off COOIn its third spherical of layoffs to this point, Chipper Cash let go of extra of its workforce final week, and this time, even the COO was affected. So far, the fintech has laid off over 150 workers members in a bid to restructure and deal with core merchandise. Learn extra. |
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Tinubu suspends CBN governorEleven days after his inauguration, Nigeria’s president, Bola Ahmed Tinubu, has suspended the governor of the nation’s apex financial institution, Godwin Emefiele. Learn why. | |
Nigerian banks get a reductionNigeria’s Inter-Bank Settlement System (NIBSS) has decreased the price of transactions for Nigerian banks. However, this discount in charges won’t be prolonged to the financial institution clients. Learn extra. | |
Jumia goes offlineJumia is going offline in rural areas. On its eleventh anniversary, the ecommerce firm introduced that will probably be increasing its offline gross sales mannequin (J-force) to rural areas in Uganda. Learn extra. | |
Another expensive AppleApple unveiled a mind-blowing blended actuality and 3D digital camera headset this week. It prices $3499, so don’t begin digging into your sofa cushions for free change. Good factor it received’t come out until 2024; you can begin saving now.
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Who introduced the cash this week?
- This week, Helium Health, a Nigeria-based well being tech firm, acquired $30 million in Series B funding in a spherical led by AXA IM Alts.
- Nigerian logistics firm Haul247 raised $3 million in seed funding. The spherical was led by Alitheia Capital, with participation from Investment One.
…. to be continued
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