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CBN to halt controversial social media KYC requirement

The House of Representatives has adopted a motion asking the Central Bank of Nigeria to suspend the implementation of the social media KYC requirement that was introduced last month.

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PharmaRun wins $10,000 Pitch2Win startup competition

With this integration, Changera is expanding its reach worldwide as the first African-based custodial wallet collaborating with MoneyGram.

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Kenya withdraws 30% shareholding rule for Big Tech

Kenya has reversed its shareholding rule that insists that Big Tech companies must sell 30% of their shares to Kenyan locals.

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Flutterwave is partnering with IATA to facilitate flight payments in sub-Saharan Africa

Flutterwave has joined International Air Transport Association's payment orchestration platform to enable global airlines to collect local currencies.

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Uganda to impose 5% tax on non-resident digital companies

On Tuesday, the Ugandan Parliament amended its Income Tax Act to include tax from non-resident digital service providers like Meta, Google, Amazon and other big tech companies operating in the country.

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Flutterwave launches Tuition, responds to growing FX demand for international school fees

Flutterwave has launched Tuition to allow African users to pay various fees to educational institutions within Africa and overseas using their local currencies.

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BD Insider 170: Telecoms attracted $75.6 billion investment in Nigeria

MTN Group says it will invest over $3.5 billion in Nigeria in the next five years. We covered this and India's plan to establish a technology institute in Tanzania.

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Nigerian government suspends 5% telecoms tax

President Bola Tinubu has suspended the implementation of 5% excise duty on telecom services to address business unfriendly fiscal policy measures and multiplicity of taxes.

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Mobility fintech Moove raises $8 million to expand its fleet in Ghana

The funding will be used to bolster Moove’s expanding vehicle fleet in Ghana

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Nuru’s $40 million Series B will drive electrification in DRC

Cleantech startup Nuru has secured a $40 million Series B to drive its efforts to provide 24-hour electricity to five million people in the Democratic Republic of Congo.

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Meet the 15 finalists for the $10,000 Pitch2Win 2023 contest

The grand finale of the Pitch2Win Competition will take place on July 11th 2023 in Lagos, Nigeria, and will be marked by a memorable award ceremony.

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Eden Care becomes first Rwandan company to join Y Combinator

Health-focused insurtech Eden Care is the first Rwandan company to join Y Combinator (YC). The company is participating in the on-going summer batch of the accelerator.

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