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Wave is the only African startup on YC’s top-earning startup list

For the second time in a row, Senegalese fintech Wave has been listed as the only African Y Combinator (YC) alumni with the highest revenue, according to the 2024 list. 

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West African subsea cables repaired after weeks-long damage

Following enduring weeks of disruptions, West Africa is on the brink of getting back steady internet connection via normal routes

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Kenya’s comms regulator deplatforms dozens of TV stations

The Communications Authority of Kenya (CA), continuing its crackdown on broadcasting services, has ordered the closure of more than 58 television stations and at least 6 courier companies serving the East African country. 

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Binance and Yellow Card missing from South Africa’s licensed crypto firms’ list

South Africa released a list of 75 licensed crypto asset service providers, but major players like Binance and Yellow Card are missing.

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Nigerian big banks race to raise funds by capital hike deadline

Nigerian banks are facing a capital reshuffle. In March, the Central Bank (CBN) significantly raised the minimum capital requirement, especially for international commercial banks, which now need ₦500 billion.

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ThriveAgric and Acorn Rabo Bank join forces to generate $56 million in carbon revenue for 30,000 Nigerian farmers

With a market size of over $103 billion, the carbon credits market is a multibillion-dollar market that is growing steadily.

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Kenyan traveltech Triply is the third African startup in YC 2024 winter batch

Kenyan traveltech startup Triply has joined Y Combinator's 2024 winter batch as the third African company selected.

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TikTok’s sister app LetsChat shuts down in Africa

LetsChat, the instant messaging app owned by TikTok's parent company ByteDance, has been shut down.

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25 days in detention: Binance execs still held in Nigeria

The duo identified as Tigran Gambaryan, who leads their criminal investigations team, and Nadeem Anjarwalla, the company's regional manager for Africa, were arrested by the office of the national security adviser hours after they arrived in Abuja, the country's capital to discuss the government's recent restrictions on cryptocurrency exchanges.

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AI for Justice: Receive a €10000 grant in the Next Cohort of the HiiL Justice Accelerator Programme

The HiiL Justice Accelerator provides startups with a four-month program that includes €10,000 in non-equity seed funding, business development support (training, coaching, and mentorship)

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South Africa grants regulatory nod to 59 crypto firms

South Africa's Financial Sector Conduct Authority (FSCA) reportedly granted crypto asset service provider (CASP) licenses to 59 crypto firms as of March 12, 2024. This information is based on media reports citing an FSCA representative

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Jessica Long, Co-founder Maad, on building a company from a tiny garage and being comfortable with rejection

This week, we meet Jessica Long, the President and Co-founder of Maad, a tech company modernising informal retail in Francophone West Africa