Meta fined $220 million by Nigerian government over abusive and invasive data practices

FCCPC made the announcement today via its X account, sharing that the commission’s findings were released after a 38-month investigation between May 2021 and December 2023.

Logistics startup Logidoo secures $50,000 in grant funding

African logistics startup Logidoo has recently secured a $50,000 grant fund to promote AI solutions in the African market

BD Insider: Why Telkom is stalling on launching 5G on phones

In this letter, we explore; d.light to power up East Africa with $176 million funding, Why Telkom is stalling on launching 5G on phones, OpenAI releases a more affordable and smarter AI model.

World’s biggest power project in DRC to be revived by group of development finance institutions

Development finance institutions plan to revive the biggest electricity generation project in the world, located in Congo.

Klasha, China-Africa Chamber of Commerce in Yiwu, and Rocher Global signed an MOU to further China-Africa trade and cross-border payments

Klasha, China-Africa Chamber of Commerce in Yiwu, and Rocher Global signed an MOU to further China-Africa trade and cross-border payments

Crypto exchange, OKX announces plans to exit Nigeria market.

Cryptocurrency exchange OKX has announced its plans to exit the Nigerian sector. According to an email sent to its Nigerian customers on Wednesday, it intends to discontinue services in the Nigerian market because of the country's unfavourable regulatory conditions.

Grey Expands International Presence And Services To LATAM, SEA Markets

The company announces new payout support in multiple countries, serving a wider audience of digital nomads as it expands its services and operations to Latin America and Southeast Asia.

TerraPay secures $95 million debt to finance low-cost remittance transactions across Africa

TerraPay, has recently raised $95 million in debt financing to contribute to lowering remittance costs, improving reliability and faster transactions

BD Insider: Egypt finally plans to join the 5G party

In this newsletter, we look at; Egypt's set to launch its first 5G network this year, Kenyan ride-hailing drivers strike for fair pay and pricing power, and Ghana cracks down on data breaches with licenses to 51 cybersecurity providers.

d.light raises $176 Million debt to provide off-grid solar power in East Africa

d.light, has recently closed a new $176 million securitization deal to support affordable solar solutions for low-income households in Kenya, Tanzania, and Uganda.

Nigerian government plans to develop a web app to train more farmers

The Nigerian Federal Government intends to facilitate a web app to address the shortage of extension workers and better train farmers.

Ride drivers in Kenya commence five-day protest over Uber and Bolt’s non-implementation of 18% commission.

Kenyan Ride-hailing drivers have resorted to public protests over commission rates demanding that the government limit Uber and Bolt’s service fees