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CcHUB selects Money Africa, Gradely and 10 other Nigerian startups for edtech fellowship

After three months of application and selection process, Africa's largest innovation hub Co-Creation Hub (CcHUB) has selected 12 startups for its inaugural Mastercard Foundation-backed edtech Fellowship Program.

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Naira has not devalued, CBN says

The Central Bank of Nigeria has debunked reports saying that the Naira has devalued. According to the bank, the Naira exchange rate at the I&E window is currently ₦465 to $1.

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Why Ghana is building a cybersecurity centre for banks and fintechs

The Bank of Ghana has launched the Financial Industry Command Security Operations Centre (FICSOC) to provide threat intelligence-sharing, industry situational awareness and incident response among its regulated financial institutions.

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Kenyan digital lenders kick against 20% excise duty

In Kenya, digital lenders have rejected the proposed 20% excise duty remission required by the Kenyan government, citing economic realities and imbalance implementation.

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Lagos relaunches Workspace Voucher Program for startups

The Workspace Voucher Programme by Lagos Innovates has been relaunched to facilitate access to well-equipped workspaces for Lagos-based startups.

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Bank of America opens applications for Breakthrough Lab accelerator

The 6-month accelerator program offers early-stage startups from underrepresented communities a platform to scale their business model, establish industry connections and pursue funding.

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AWS selects 25 startups for its inaugural ‘fintech in Africa’ accelerator

Out of the 25 startups selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort, eleven are Nigerian companies.

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Kunda Kids secures $700K to teach African history to kids in the diaspora

Between 2017 and 2019, only 7% of all children books published in the UK contained characters from minority ethnic groups including those of African descent. Amidst this low percentage, the University of Manchester says 33.5% of the school population in the UK are from these minority groups.

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Jumia Nigeria appoints Lere Awokoya as chief marketing officer

Lere Awokoya, an experienced marketing expert, has been promoted to the position of Chief Marketing Officer at Jumia

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In Q1 2023, Data breaches in Nigeria increased by 64%

The latest study by cybersecurity company Surfshark ranks Nigeria as the 32nd most breached country in Q1’2023. Globally, a total of 41.6 million accounts were breached last quarter.

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Tyme raises $77.8 million to fuel global expansion

This comes as the group's South African flagship, TymeBank, celebrates its seven million customer milestone this month

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In July, Kenya will launch “the cheapest smartphone in Africa”

Following President Ruto's announcement on Kenya's plan to manufacture the cheapest smartphones in Africa, the country says the launch will hold in July.

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