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Inside: Chowdeck onboards Shoprite, the failed acquisition of Bluewave by Lami, and the Nigerian tech journalist of the year award.
Inside: About 40% of Kenyan employers consider mass layoffs + Nigeria wants to launch 100 electric buses as carbon reduction initiative.
Inside: The arrest of Patricia's cyber hack culprit, a court ruling in Kenya on suing social media handles and Saviu Ventures’ plan to back startups in Francophone Africa.
Inside: Sam Altman gets a new job, and Emmett Shear is now Open AI's CEO. We also covered the unapproved IMTOs in Ghana.
Bolt Food has exited South Africa and Nigeria. We covered this and the Fixtbit shutdown in South Africa and the Pan-African Payment and Settlement System.
Elon Musk is in the news for Starlink's expansion to Benin Republic and outstanding severance payment at the defunct Twitter Africa office
Starting this Monday, the subscription prices will be higher than before.
₦30 Billion chargeback fraud hits Interswitch. We also covered Tizeti's plan to expand broadband penetration in Nigeria.
Starting in 2024, Kenya will be visa-free to African visitors. We also explored the shuttering of African logistics startups and the downscaling at MarketForce.
In a recent disclosure, Absa Bank Kenya has revealed a significant financial setback, with the bank losing KSh 107.7 million ($716,566) to fraudulent activities last year.
Patricia's escrow trustee has paused its appointment. We also covered the $72.5 million tax fine imposed on MTN Nigeria.
Hedging, Multiple income streams, and cost control are measures startups can adopt to weather currency devaluations.
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