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El-Rufai to launch $100M fund for startups in Northern Nigeria

Nasir El-Rufai, former governor of Kaduna state has revealed that he plans to launch a $100 million venture fund to invest in the innovative ideas of young Nigerians, starting with the tech ecosystem in Northern Nigeria.

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Sky.Garden makes a comeback a year after its acquisition by Lipa Later

Kenyan e-commerce startup, Sky.Garden has relaunched operations, one year after its acquisition by Lipa Later, a Kenyan fintech.

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OneWeb looks to rival regulation-hit Starlink in South Africa

OneWeb, owned by satellite operator Eutelsat, is set to introduce its low-earth orbit (LEO) broadband service in South Africa.

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Sam Altman officially resumes CEO role at OpenAI

Sam Altman has returned to Open AI as CEO, barely a fortnight after being ousted by the board at the artificial intelligence startup

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Kenya’s startup bill set to become law by April 2024

President Williams Ruto has announced that the Kenyan Startup Bill will be signed into law in April 2024. Here are a few things you need to know about the legislation.

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We tracked over 26 African tech acquisitions in 2023

As of November, we tracked about 26 acquisitions in the African tech ecosystem, with the fintech sector representing the highest number of deals in 2023.

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SA’s telecoms authority cracks down on Starlink, declares service illegal

Elon Musk's satellite internet service must register as a company to have a legal presence in South Africa and cede 30% of equity to economically disadvantaged groups.

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Nigeria to automate passport application, plans to launch e-gates at airports in 2024

Nigeria’s minister of interior, Olubunmi Tunji-Ojo has disclosed that the automated passport application in the country will become operational in a week’s time.

Entertainment

Paystack CEO’s football club wants to train its players at uLesson’s Miva University

Sporting Lagos wants its footballers to acquire degrees at Miva University even as they pursue their football careers at Nigeria’s top-tier league.

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Ahead of COP28, EchoVC launches $2.5M fund to back cleantech startups in Africa

Pan-African VC firm, EchoVC has closed $2.5 million in partnership with Shell Foundation and UK Aid, to invest in cleantech startups

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The top 20 cryptocurrencies make up 85.93% of the total market

Bitcoin emerged as the leader, capturing a significant 49.11% of the market share, followed by Ethereum with 16.50%.

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LemFi ceases Ghanaian operations amid regulatory obstacles

In response to the central bank's crackdown on unlicensed remittance providers in Ghana, LemFi has suspended its operations in the country.

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