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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.
Patricia is still struggling to repay debts. We also covered the MoU between Syndicate Bio and the Nigerian Institute of Medical Research.
The hardware kits are now available at $386. We also covered 2Africa's Arrival in Nigeria and Tanzania's VPN Permit.
Stakeholders talked about the future of tech in Africa and the unstoppable rise of the creator economy at the TC Moonshot Conference.
August saw the formation of a Kenyan parliamentary committee tasked with investigating the operations and activities of Sam Altman's crypto initiative, Worldcoin, within the nation.
VFD has received approval to list its shares on the Nigerian Exchange Limited. We also cover the launch of Paystack's virtual terminal.
Important warning: Nigerian Police urges caution on dating sites. Also, insights on Kenya's PAPSS membership and MTN's remittance play in South Africa.
10 African startups selected for Techstars Toronto's 2023 summer cohort. We also curated other noteworthy information including opportunities for African founders and Nigerian SMEs.
Incentro Africa has filed insolvency against Twiga Foods, a Kenyan agritech startup. We also covered the acquisition of Chaka by Risevest in an undisclosed deal.
Kenya gets more funding to drive e-mobility. We also covered the latest about BioNTech's vaccine factories in Africa and the landing of 2Africa in DRC.
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