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Facebook’s Africa partner, Sama quits content moderation operations

Sama, Facebook's largest content moderator has discontinued its services for the social media company.

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Flutterwave wants to acquire UK fintech, Railsr

Global payments company, Flutterwave wants to acquire Railsr, a UK-based fintech company, according to Sky News UK.

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Catalyst Fund invests $2M into 10 African cleantech-focused startups

Catalyst Fund has invested $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change.

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Starting February 2023, Google will charge 16% VAT on ads in Kenya

Starting February 2023, Google will charge Kenyan users a 16% VAT on ads following local tax regulations.

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Jetstream secures $13M pre-series A to power cross-border logistics services in Africa

Ghana-based e-logistics company, Jetsream has secured $13 million pre-series A to power cross-border logistics in Africa.

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Releaf secures $3.3 million pre-series A, launches Kraken II and SITE

Nigerian agritech, Releaf has secured $3.3 million pre-series A funding and has launched two new technologies to drive profitability for consumer goods manufacturers

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BioNTech acquired Tunis-born AI startup, InstaDeep for $680 million

The acquisition of InstaDeep supports BioNTech’s strategy to build world-leading capabilities in AI-driven drug discovery.

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Cowry Card set to power payments for Lagos’ intra-city railways

Cowry Card, by Nigerian YC-backed fintech company—Touch and Pay, will power payments for Lagos State's intra-city railway system.

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CBN increases cash withdrawal limit to ₦500K weekly for individuals

The Central Bank of Nigeria has revised weekly cash withdrawal limits to ₦500, 000, ₦5 million for individuals, corporates

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Visa Everywhere Initiative will launch in Kenya in 2023

In 2023, a global payments company, Visa will launch the Kenyan edition of Visa Everywhere Initiative (VEI) and She's Next—a women’s empowerment program.

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ARM Labs Lagos Techstars Accelerator appoints Oyin Solebo as Managing Director

ARM Labs Lagos Techstars Accelerator has appointed Movemeback co-Founder Oyin Solebo as Managing Director.

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BD Insider: Facebook’s algorithm fuelled the Ethiopia civil war?

In BD Insider, Letter 142, we examine Facebook's alleged role in Ethiopia's civil war and why Wise suspended Ghana cedi transfers.

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