https://www.spreaker.com/podcast/africa-tech-news--5512041From Social Media to Agric-tech, Legal tech, Fintech, Health-tech, Edtech, etc; All the stories, events, and fundraising, catch the latest juice right here from Monday to Friday

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>enTech NewsCopyright Africa Business Radiohttps://d3wo5wojvuv7l.cloudfront.net/t_rss_itunes_square_1400/images.spreaker.com/original/1530d0e642b06517a9893769a9381458.jpghttps://www.spreaker.com/podcast/africa-tech-news--5512041Tue, 26 Aug 2025 12:03:29 +0000Africa Business RadioAfrica Business Radioinfo@africabusinessradio.comAn exclusive podcast reporting daily on the happenings in the world of tech in Africa. From Social Media to Agric-tech, Legal tech, Fintech, Health-tech, Edtech, etc; All the stories, events, and fundraising, catch the latest juice right here from...From Social Media to Agric-tech, Legal tech, Fintech, Health-tech, Edtech, etc; All the stories, events, and fundraising, catch the latest juice right here from Monday to Friday

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>falseepisodicSupport the podcast!https://www.spreaker.com/episode/amazon-and-spacex-accused-of-trying-to-demolish-national-labor-law--58741295SpaceX and companies that, like Amazon, have repeatedly faced labor law violations from the federal agency have recently made similar attacks that threaten national worker protections.
Amazon claims that the NLRB’s structure is unconstitutional because administrative law judges are insulated from presidential oversight, thus violating the separation of powers. The company also argues against the structure of NLRB itself, as well as its ability to fine a company for unfair labor practices after a hearing, rather than a full jury trial.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58741295Wed, 21 Feb 2024 08:02:20 +0000Africa Business RadioAmazon alleged in a legal filing published that the National Labor Relations Board is unconstitutional. SpaceX and companies that, like Amazon, have repeatedly faced labor law violations from the federal agency have recently made similar attacks...SpaceX and companies that, like Amazon, have repeatedly faced labor law violations from the federal agency have recently made similar attacks that threaten national worker protections.
Amazon claims that the NLRB’s structure is unconstitutional because administrative law judges are insulated from presidential oversight, thus violating the separation of powers. The company also argues against the structure of NLRB itself, as well as its ability to fine a company for unfair labor practices after a hearing, rather than a full jury trial.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,amazon,labour_law,spacex,tech_newsfalsefullhttps://www.spreaker.com/episode/partech-closes-its-second-africa-fund-at-300m-to-invest-in-series-c--58741291Partech Africa, which originally targeted €230 million before its fundraising efforts started, solidifies its position as the largest fund dedicated to African startups.
Amidst a backdrop of global VCs and institutional investors pulling back from Africa, Partech Africa’s recent fund closure is significant.
The continent witnessed a notable decline in investor activity, with a 50% decrease in 2023 compared to the previous year, as highlighted in a Partech report.
This retreat, influenced by global economic shifts and local challenges, translated into reduced venture capital inflows for African startups, totalling between $2.9 billion and $4.1 billion last year, down from $4.6 billion to $6.5 billion in 2022.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58741291Wed, 21 Feb 2024 07:56:57 +0000Africa Business RadioPartech has closed its second Africa fund, Partech Africa II, at $300 million+, just one year after reaching its first close. Partech Africa, which originally targeted €230 million before its fundraising efforts started, solidifies its position as...Partech Africa, which originally targeted €230 million before its fundraising efforts started, solidifies its position as the largest fund dedicated to African startups.
Amidst a backdrop of global VCs and institutional investors pulling back from Africa, Partech Africa’s recent fund closure is significant.
The continent witnessed a notable decline in investor activity, with a 50% decrease in 2023 compared to the previous year, as highlighted in a Partech report.
This retreat, influenced by global economic shifts and local challenges, translated into reduced venture capital inflows for African startups, totalling between $2.9 billion and $4.1 billion last year, down from $4.6 billion to $6.5 billion in 2022.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>113africa_business_radio,funding,partech,seed_funding,tech_newsfalsefullhttps://www.spreaker.com/episode/kenyan-ev-startup-roam-secures-24m-to-scale-production--58741293The $14 million Series A funding round was led by Equator Africa and participation from At One Ventures, TES Ventures, Renew Capital, The World We Want, and One Small Planet, among other prominent private and institutional investors.
The $10 million debt facility was provided by the International Development Finance Corporation.
Estimates from the BloombergNEF show that EV sales are projected to reach 16.7 million in 2024, representing a 20% increase from the previous year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58741293Wed, 21 Feb 2024 07:52:22 +0000Africa Business RadioRoam, a Kenya-based electric vehicle company has raised $24 million in equity and debt to expand local manufacturing capabilities in Kenya, scale up production at its new 10,000 sqm Roam Park facility, invest in research and tooling for cost...The $14 million Series A funding round was led by Equator Africa and participation from At One Ventures, TES Ventures, Renew Capital, The World We Want, and One Small Planet, among other prominent private and institutional investors.
The $10 million debt facility was provided by the International Development Finance Corporation.
Estimates from the BloombergNEF show that EV sales are projected to reach 16.7 million in 2024, representing a 20% increase from the previous year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>106africa_business_radio,ev_startup,kenya,roam,tech_newsfalsefullhttps://www.spreaker.com/episode/starlink-importation-use-and-resale-a-criminal-offence-in-botswana--58741292The importation, use, and resale of Starlink devices are punishable offences in Botswana, according to the Botswana Communications Regulatory Authority.
Starlink is not yet licensed in the country and the regulator has stated that it is currently vetting the service’s application.
Reports indicate that some owners of Starlink devices, who claim to be using them for personal use, are being barred from entering the country with them at the Kazungula border post with Zambia, where the service has officially launched.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58741292Wed, 21 Feb 2024 07:39:21 +0000Africa Business RadioBotswana’s telecoms regulator has warned the public against the importation, use, and resale of Starlink devices in the country. The importation, use, and resale of Starlink devices are punishable offences in Botswana, according to the Botswana...The importation, use, and resale of Starlink devices are punishable offences in Botswana, according to the Botswana Communications Regulatory Authority.
Starlink is not yet licensed in the country and the regulator has stated that it is currently vetting the service’s application.
Reports indicate that some owners of Starlink devices, who claim to be using them for personal use, are being barred from entering the country with them at the Kazungula border post with Zambia, where the service has officially launched.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,botswana,starlink,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-s-disha-pauses-all-activity--58741294Flutterwave’s CEO Olugbenga Agboola says at the time, that he considered Disha the creator version of Flutterwave Store which now serves over 900,000 businesses across 154 countries.
Early in 2022, Flutterwave also paused its Barter by Flutterwave, its virtual dollar card service, due to problems its partner company, Union54, faced with chargeback fraud.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58741294Wed, 21 Feb 2024 07:36:25 +0000Africa Business RadioDisha announced the product will be paused indefinitely from March 31, 2024. Its 100,000 creators have until then to migrate their content and profiles to other platforms. Flutterwave’s CEO Olugbenga Agboola says at the time, that he considered...Flutterwave’s CEO Olugbenga Agboola says at the time, that he considered Disha the creator version of Flutterwave Store which now serves over 900,000 businesses across 154 countries.
Early in 2022, Flutterwave also paused its Barter by Flutterwave, its virtual dollar card service, due to problems its partner company, Union54, faced with chargeback fraud.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,disha,flutterwave,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeran-state-to-use-tech-to-track-kidnappers--58741290Security officials in the country’s tech capital of Lagos have announced the reactivation of tracking devices to apprehend kidnappers.
The Lagos State Commissioner of Police says that it’s working with several other agencies to apprehend culprits in hot zones.
The tech used to track SIM cards and match the national identity numbers registered to the cards has been deactivated since 2021.
The sources also revealed that the payment for the tracking service at the NPF was suspended at the same time.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58741290Wed, 21 Feb 2024 07:31:04 +0000Africa Business RadioThe country, in 2019, approved $433 million to bankroll a five-year project that would provide everyone with unique 11-digit identification numbers that would be registered to every SIM card. So far, about 102.39 million NINs have been registered....Security officials in the country’s tech capital of Lagos have announced the reactivation of tracking devices to apprehend kidnappers.
The Lagos State Commissioner of Police says that it’s working with several other agencies to apprehend culprits in hot zones.
The tech used to track SIM cards and match the national identity numbers registered to the cards has been deactivated since 2021.
The sources also revealed that the payment for the tracking service at the NPF was suspended at the same time.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa_business_radio,nigeria,security,surveillance,tech_news,technologyfalsefullhttps://www.spreaker.com/episode/oregon-considers-right-to-repairbill--58681597Last month, Google lent its support in an open letter, calling Senate Bill 1596 “a compelling model for other states to follow.
The bill, sponsored by a sextet of state senators and representatives, was inspired in part by California SB 244, which Governor Gavin Newsom signed into law in October.
Apple openly supported that bill — a rare endorsement from a tech giant that loves playing it close to the vest. Cupertino is, however, less enthusiastic about certain inclusions in the Oregon legislation that were absent from the California law.
John Perry, Apple's senior manager, of Secure System Design, says Apple agrees with the vast majority of Senate Bill 1596 and appreciates her willingness to engage in an open dialogue.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58681597Wed, 14 Feb 2024 10:17:03 +0000Africa Business RadioOregon may soon become the latest state to pass right-to-repair legislation. Last month, Google lent its support in an open letter, calling Senate Bill 1596 “a compelling model for other states to follow. The bill, sponsored by a sextet of state...Last month, Google lent its support in an open letter, calling Senate Bill 1596 “a compelling model for other states to follow.
The bill, sponsored by a sextet of state senators and representatives, was inspired in part by California SB 244, which Governor Gavin Newsom signed into law in October.
Apple openly supported that bill — a rare endorsement from a tech giant that loves playing it close to the vest. Cupertino is, however, less enthusiastic about certain inclusions in the Oregon legislation that were absent from the California law.
John Perry, Apple's senior manager, of Secure System Design, says Apple agrees with the vast majority of Senate Bill 1596 and appreciates her willingness to engage in an open dialogue.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,apple,oregon,right-to-repair_bill,tech_newsfalsefullhttps://www.spreaker.com/episode/ethiopia-ban-importation-of-non-electric-cars--58681596Transport Minister Alemu Sime, says prioritises both green energy and reducing dependence on fuel imports.
The ban will involve smoke tests for current vehicles, with those failing considered unsuitable for road use.
The government intends to establish a robust network of EV charging stations to support the expected increase in electric vehicles. The government’s decision in 2022 to offer tax exemptions for electric cars also underscores its commitment to green initiatives.
However, several companies are starting to assemble and sell EVs locally, including Hyundai and Marathon Motor Engineering.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58681596Wed, 14 Feb 2024 10:09:40 +0000Africa Business RadioEthiopia is placing a ban on gasoline and diesel car imports, and express admission on electric vehicles. Transport Minister Alemu Sime, says prioritises both green energy and reducing dependence on fuel imports. The ban will involve smoke tests...Transport Minister Alemu Sime, says prioritises both green energy and reducing dependence on fuel imports.
The ban will involve smoke tests for current vehicles, with those failing considered unsuitable for road use.
The government intends to establish a robust network of EV charging stations to support the expected increase in electric vehicles. The government’s decision in 2022 to offer tax exemptions for electric cars also underscores its commitment to green initiatives.
However, several companies are starting to assemble and sell EVs locally, including Hyundai and Marathon Motor Engineering.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,electronic_cars,ethiopia,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-to-penalise-unregistered-ai-firms-with-6-250-fine--58681591The Kenya Robotics and Artificial Intelligence Society Bill 2023 introduced the fine to regulate and support the growing sector.
The bill also outlines the establishment of the Robotics Society of Kenya (RSK), a proposed regulatory body empowered to issue licences and levy the $6,250 fine on unlicensed businesses. Failure to comply could even land offenders in jail for two years. This body will also advise the government on emerging trends in AI and robotics.
The proposal has sparked discussions among AI enthusiasts and advocates, who view the law as a severe threat to innovation and growth and believe that it is merely another avenue for the government to create unnecessary bureaucracy and generate revenue.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58681591Wed, 14 Feb 2024 10:07:26 +0000Africa Business RadioKenya has proposed an AI and robotics law that includes fines of up to $6,250 for unlicensed businesses. The Kenya Robotics and Artificial Intelligence Society Bill 2023 introduced the fine to regulate and support the growing sector. The bill also...The Kenya Robotics and Artificial Intelligence Society Bill 2023 introduced the fine to regulate and support the growing sector.
The bill also outlines the establishment of the Robotics Society of Kenya (RSK), a proposed regulatory body empowered to issue licences and levy the $6,250 fine on unlicensed businesses. Failure to comply could even land offenders in jail for two years. This body will also advise the government on emerging trends in AI and robotics.
The proposal has sparked discussions among AI enthusiasts and advocates, who view the law as a severe threat to innovation and growth and believe that it is merely another avenue for the government to create unnecessary bureaucracy and generate revenue.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>106africa_business_radio,ai_firms,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/leatherback-ceo-sues-efcc-for-defamation--58681594Ibitade deemed the EFCC’s actions bullying and is now seeking accountability for the agency’s lack of due diligence.
Leatherback denied the rumours, of lost money to SDQ Facilitators but an EFCC investigation into SDQ Financials was launched. The investigation revealed that SDQ used Leatherback’s naira and USD wallets, but Leatherback claims they were unaware of any fraudulent activity.
Leatherback says it will continue its trajectory towards success, as the company claims it processed $500 million in monthly transactions by June 2023 and was nearing the $1 billion mark before the EFCC episode.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58681594Wed, 14 Feb 2024 09:55:58 +0000Africa Business RadioIbrahim Ibitade, CEO of Leatherback, a cross-border payments startup that operates in seven countries, has successfully cleared his name following an intense episode with Nigeria’s anti-graft agency, the EFCC. Ibitade deemed the EFCC’s actions...Ibitade deemed the EFCC’s actions bullying and is now seeking accountability for the agency’s lack of due diligence.
Leatherback denied the rumours, of lost money to SDQ Facilitators but an EFCC investigation into SDQ Financials was launched. The investigation revealed that SDQ used Leatherback’s naira and USD wallets, but Leatherback claims they were unaware of any fraudulent activity.
Leatherback says it will continue its trajectory towards success, as the company claims it processed $500 million in monthly transactions by June 2023 and was nearing the $1 billion mark before the EFCC episode.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa,africa_business_radio,defamation,efcc,leatherback,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-to-recover-24-million-lost-to-unauthorised-pos-transactions--58681595The fintech company will reach out to over 6,000 account holders across 35 banks and financial institutions involved in unauthorised transactions.
A recent High Court ruling will allow Flutterwave to contact account holders via email, SMS, and WhatsApp messages, with assistance from a recovery agency to recover the funds, according to court documents

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58681595Wed, 14 Feb 2024 09:51:46 +0000Africa Business RadioAfrican fintech giant Flutterwave is seeking to retrieve $24 million illegally transferred in October 2023 through a combination of a technical glitch and potentially fraudulent activity by POS merchants. The fintech company will reach out to over...The fintech company will reach out to over 6,000 account holders across 35 banks and financial institutions involved in unauthorised transactions.
A recent High Court ruling will allow Flutterwave to contact account holders via email, SMS, and WhatsApp messages, with assistance from a recovery agency to recover the funds, according to court documents

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,flutterwave,pos,tech_news,transactionsfalsefullhttps://www.spreaker.com/episode/bayobab-lands-two-subsea-cables-in-nigeria-and-ghana--58681593TechCabal reports that the cable was set to land in Nigeria in November 2023.
The 45,000-kilometre cable is being hailed as the world’s largest subsea cable project, and Bayobab, which is backed by Meta, says the cable will provide Ghanaian and Nigerian internet providers with more capacity and fairer access to data centres, leading to faster, more reliable internet for businesses and individuals alike.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58681593Wed, 14 Feb 2024 09:46:49 +0000Africa Business RadioMTN-owned fibre solutions Bayobab announced that its subsea internet cable, 2Africa, has landed in Nigeria and Ghana. TechCabal reports that the cable was set to land in Nigeria in November 2023. The 45,000-kilometre cable is being hailed as the...TechCabal reports that the cable was set to land in Nigeria in November 2023.
The 45,000-kilometre cable is being hailed as the world’s largest subsea cable project, and Bayobab, which is backed by Meta, says the cable will provide Ghanaian and Nigerian internet providers with more capacity and fairer access to data centres, leading to faster, more reliable internet for businesses and individuals alike.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_buiness_radio,bayobab,ghana,mtn,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/starlink-clamps-down-on-south-african-resellers--58681592Starlink won’t acquiesce to South Africa’s equity requirement: that 30% of its company or any foreign company launching in the country must be owned by South Africans.
South Africans are however using Starlink though via resellers like IT Lec and StarSat.
Starlink says resellers are violating its terms of use, and its copyrights by using the Starlink logo for their marketing.
The SpaceX-owned company has also asked resellers to cease all unauthorised resales immediately.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58681592Wed, 14 Feb 2024 09:37:49 +0000Africa Business RadioThe Space X-owned service which kicked off in Nigeria has snaked its way across the continent, launching in Kenya, Rwanda, Zambia even eSwatini, all while avoiding South Africa. Starlink won’t acquiesce to South Africa’s equity requirement: that 30%...Starlink won’t acquiesce to South Africa’s equity requirement: that 30% of its company or any foreign company launching in the country must be owned by South Africans.
South Africans are however using Starlink though via resellers like IT Lec and StarSat.
Starlink says resellers are violating its terms of use, and its copyrights by using the Starlink logo for their marketing.
The SpaceX-owned company has also asked resellers to cease all unauthorised resales immediately.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>97africa_business_radio,resellers,south_africa,starlink,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-s-central-bank-scraps-exchange-cap-for-international-money-transfer-operators--58575712CBN previously controlled the exchange rate at which International Money Transfer Operators like Western Union and MoneyGram could sell foreign currency to Nigerians.
The CBN previously allowed the IMTOs to deviate from the official rate by a maximum of 2.5% (-2.5% to +2.5%).
The new development is in response to the suspected hoarding of foreign currency by Nigerian commercial banks.
The FG earlier gave a directive to commercial banks to release non-essential foreign currencies—currencies not needed for legitimate import payments, overseas travel allowances, or student tuition fees—to tame the naira’s depreciation against the dollar.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58575712Wed, 07 Feb 2024 07:00:22 +0000Africa Business RadioThe Central Bank of Nigeria eliminated the cap on exchange rates quoted by International Money Transfer Operators. CBN previously controlled the exchange rate at which International Money Transfer Operators like Western Union and MoneyGram could sell...CBN previously controlled the exchange rate at which International Money Transfer Operators like Western Union and MoneyGram could sell foreign currency to Nigerians.
The CBN previously allowed the IMTOs to deviate from the official rate by a maximum of 2.5% (-2.5% to +2.5%).
The new development is in response to the suspected hoarding of foreign currency by Nigerian commercial banks.
The FG earlier gave a directive to commercial banks to release non-essential foreign currencies—currencies not needed for legitimate import payments, overseas travel allowances, or student tuition fees—to tame the naira’s depreciation against the dollar.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>108africa_business_radio,money_transfer,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/eu-s-ai-act-passes-last-big-hurdle-to-adoption--58575713The development follows the political agreement reached in December — clinched after marathon ‘final’ three-way talks between EU co-legislators which stretched over several days.
The work to turn agreed positions on scrappy negotiation sheets into a final compromise text for lawmakers approval kicked off — culminating in today’s Coreper vote affirming the draft rules.
The planned regulation sets out a list of prohibited uses of AI (aka unacceptable risk), such as using AI for social scoring; brings in some governance rules for high risk uses (where AI apps might harm health, safety, fundamental rights, environment, democracy and the rule of law).

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58575713Wed, 07 Feb 2024 06:58:25 +0000Africa Business RadioThe European Union’s AI Act, a risk-based plan for regulating applications of artificial intelligence, has passed what looks to be the final big hurdle standing in the way of adoption after Member State representatives today voted to confirm the final...The development follows the political agreement reached in December — clinched after marathon ‘final’ three-way talks between EU co-legislators which stretched over several days.
The work to turn agreed positions on scrappy negotiation sheets into a final compromise text for lawmakers approval kicked off — culminating in today’s Coreper vote affirming the draft rules.
The planned regulation sets out a list of prohibited uses of AI (aka unacceptable risk), such as using AI for social scoring; brings in some governance rules for high risk uses (where AI apps might harm health, safety, fundamental rights, environment, democracy and the rule of law).

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>116africa_business_radio,ai,european_union,tech_newsfalsefullhttps://www.spreaker.com/episode/e-motorcycle-startup-cake-files-for-bankruptcy--58575714The Swedish company was in the middle of a funding round, just prior to the filing, but apparently the withdrawal of an investor was what tipped the company over the edge.
Ytterborn says that he had nothing else in mind but to find a solution in one format or another.
Cake raised a $14 million Series A in 2019. It followed that with a $60 million Series B round in 2021 led by Swedish pension fund AMF.
The capital was meant to fund manufacturing facilities in Europe, North America and Asia and to scale up its retail capabilities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58575714Wed, 07 Feb 2024 06:57:09 +0000Africa Business RadioCEO Stefan Ytterborn says Electric motorcycle startup Cake filed for bankruptcy February 1. The Swedish company was in the middle of a funding round, just prior to the filing, but apparently the withdrawal of an investor was what tipped the company...The Swedish company was in the middle of a funding round, just prior to the filing, but apparently the withdrawal of an investor was what tipped the company over the edge.
Ytterborn says that he had nothing else in mind but to find a solution in one format or another.
Cake raised a $14 million Series A in 2019. It followed that with a $60 million Series B round in 2021 led by Swedish pension fund AMF.
The capital was meant to fund manufacturing facilities in Europe, North America and Asia and to scale up its retail capabilities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,bankrupcy,cake,e-motorcycle,tech_newsfalsefullhttps://www.spreaker.com/episode/multichoice-to-invest-89-million-in-showmax--58575716MultiChoice is now in talks to be acquired by Canal+ after the French giant offered to acquire all outstanding shares they don’t already own in the company for R105 ($5.65) per share—an increase from the broadcaster’s current share price of R79 ($4.25). Canal+ began acquiring shares in the South African company in 2020, and steadily increasing its stake to 31.7% by June 2023.
Vivendi, owners of Canal+ stated that it was increasing its stake in MultiChoice for international expansion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58575716Wed, 07 Feb 2024 06:55:03 +0000Africa Business RadioMultiChoice says it will make a new $89 million cash injection in Showmax, its streaming platform, by the close of March 2024. The latest development comes as Showmax gears up for its February 12 relaunch. MultiChoice is now in talks to be acquired...MultiChoice is now in talks to be acquired by Canal+ after the French giant offered to acquire all outstanding shares they don’t already own in the company for R105 ($5.65) per share—an increase from the broadcaster’s current share price of R79 ($4.25). Canal+ began acquiring shares in the South African company in 2020, and steadily increasing its stake to 31.7% by June 2023.
Vivendi, owners of Canal+ stated that it was increasing its stake in MultiChoice for international expansion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,multichoice,showmax,tech_newsfalsefullhttps://www.spreaker.com/episode/botswana-rejects-starlink-satellite-internet-application--58575715The low-orbit satellite service, owned by Elon Musk’s SpaceX, was denied its application to operate in the African nation ahead of a planned Q4 2024 launch.
The regulator says that the company did not share all the necessary information. It is unclear which information Starlink did not provide in its original application.
Starlink also continues to face regulatory pushback in Southern Africa. The South African government rejected its application for failing comply with a mandatory requirement of 30% ownership to historically disadvantaged people.
In Zimbabwe, legislators based their rejection of Starlink’s application on an EU investigation into X.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58575715Wed, 07 Feb 2024 06:53:35 +0000Africa Business RadioStarlink has had its application to launch in Botswana rejected The low-orbit satellite service, owned by Elon Musk’s SpaceX, was denied its application to operate in the African nation ahead of a planned Q4 2024 launch. The regulator says that the...The low-orbit satellite service, owned by Elon Musk’s SpaceX, was denied its application to operate in the African nation ahead of a planned Q4 2024 launch.
The regulator says that the company did not share all the necessary information. It is unclear which information Starlink did not provide in its original application.
Starlink also continues to face regulatory pushback in Southern Africa. The South African government rejected its application for failing comply with a mandatory requirement of 30% ownership to historically disadvantaged people.
In Zimbabwe, legislators based their rejection of Starlink’s application on an EU investigation into X.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,botswana,elon_musk,starlink,tech_newsfalsefullhttps://www.spreaker.com/episode/airtel-africa-reports-a-99-plunge-in-profits-in-2023--58575711The telecom giant recently released its 9-month financial report ending December 2023, of a profit before tax of $2 million, a significant decline from the $523 million profit it recorded in the same period in 2022.
Airtel witnessed a significant drop in profits last year due to the decrease in the value of currencies in some of its main markets: Nigeria, Malawi, Zambia, and Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58575711Wed, 07 Feb 2024 06:52:26 +0000Africa Business RadioAirtel Africa, a telecom company operating across 14 African countries faced headwinds from Nigeria’s naira devaluation and reported a loss after tax of $151 million in its Q1—April 1 to June 30, 2023 results. The telecom giant recently released its...The telecom giant recently released its 9-month financial report ending December 2023, of a profit before tax of $2 million, a significant decline from the $523 million profit it recorded in the same period in 2022.
Airtel witnessed a significant drop in profits last year due to the decrease in the value of currencies in some of its main markets: Nigeria, Malawi, Zambia, and Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa,africa_business_radio,airtel,tech_newsfalsefullhttps://www.spreaker.com/episode/spotify-calls-apple-s-dma-compliance-plan-extortion--58513370Apple earlier this week announced a host of changes that comply with the letter of the EU law.
The company say that app developers in the EU will receive reduced commissions, but it also introduced a new core technology fee that requires developers to pay €0.50 for each first annual install per year over a 1 million threshold, regardless of their distribution channel.
Epic Games CEO Tim Sweeney, whose company sued Apple over antitrust concerns, already condemned Apple’s plan, saying it was a case of malicious compliance and full of junk fees, and now Spotify is essentially saying the same.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58513370Wed, 31 Jan 2024 14:23:24 +0000Africa Business RadioSpotify issued its response to Apple’s new DMA rules, calling the new fees imposed on developers extortion and Apple’s compliance plan a complete and total farce that demonstrated the tech giant believes that the rules don’t apply to them. Apple...Apple earlier this week announced a host of changes that comply with the letter of the EU law.
The company say that app developers in the EU will receive reduced commissions, but it also introduced a new core technology fee that requires developers to pay €0.50 for each first annual install per year over a 1 million threshold, regardless of their distribution channel.
Epic Games CEO Tim Sweeney, whose company sued Apple over antitrust concerns, already condemned Apple’s plan, saying it was a case of malicious compliance and full of junk fees, and now Spotify is essentially saying the same.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>107africa_business_radio,apple,dma,spoitfy,tech_newsfalsefullhttps://www.spreaker.com/episode/indian-government-fixes-website-bugs-exposing-residents-sensitive-documents--58513368The bugs existed on the Rajasthan government website related to Jan Aadhaar, a state program to provide a single identifier to families and individuals in the state to access welfare schemes.
The bugs exposed the copies of Aadhaar cards, birth and marriage certificates, electricity bills and income statements related to registrants, as well as personal information such as their date of birth, gender and father’s name.
Security researcher Viktor Markopoulos, working for cybersecurity company CloudDefense.ai, found the bugs in the Jan Aadhaar portal in December and asked TechCrunch for help in disclosing to the authorities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58513368Wed, 31 Jan 2024 14:21:00 +0000Africa Business RadioThe Indian state government has fixed security issues impacting its website that exposed the sensitive documents and personal information of millions of residents. The bugs existed on the Rajasthan government website related to Jan Aadhaar, a state...The bugs existed on the Rajasthan government website related to Jan Aadhaar, a state program to provide a single identifier to families and individuals in the state to access welfare schemes.
The bugs exposed the copies of Aadhaar cards, birth and marriage certificates, electricity bills and income statements related to registrants, as well as personal information such as their date of birth, gender and father’s name.
Security researcher Viktor Markopoulos, working for cybersecurity company CloudDefense.ai, found the bugs in the Jan Aadhaar portal in December and asked TechCrunch for help in disclosing to the authorities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>99africa_business_radio,hack,indian,tech_news,website_bugfalsefullhttps://www.spreaker.com/episode/sama-activates-multi-cloud-integration-in-kenya--58513367Customers can now keep their data on their preferred cloud and Sama can still access it securely, and train their models faster and more efficiently. With multi-cloud integrations, customer onboarding time is reduced to one day, expediting the entire process by up to seven times.
Sama’s multi-cloud integration ensures data stays on your chosen cloud platform (AWS, Google Cloud, or Microsoft Azure, potentially lowering data transfer and development expenses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58513367Wed, 31 Jan 2024 14:17:54 +0000Africa Business RadioSama which preps datasets for AI training, ensuring models meet high accuracy standards, now connects to three cloud storage providers: AWS, Google Cloud, and Microsoft Azure. Customers can now keep their data on their preferred cloud and Sama can...Customers can now keep their data on their preferred cloud and Sama can still access it securely, and train their models faster and more efficiently. With multi-cloud integrations, customer onboarding time is reduced to one day, expediting the entire process by up to seven times.
Sama’s multi-cloud integration ensures data stays on your chosen cloud platform (AWS, Google Cloud, or Microsoft Azure, potentially lowering data transfer and development expenses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,ai,cloud_storage,kenya,multi-cloud_integration,sama,tech_newsfalsefullhttps://www.spreaker.com/episode/ten-agritech-startups-awarded-11-000-from-4irta--58513366Ten Agritech Startups will focus on using these 4IR technologies to improve various agricultural sub-sectors including forestry, crop production, fishery and livestock.
The ministry announced that 10 startups were placed in the programme.
The selected agritech startups are Agri-Wing Project, Ranch.ID LivestockPro, Precision Farm Management, Automated loT-Based Irrigation System, Geospatial Intelligence model for enhanced prediction of crop yield and crop stress assessment, AgriTrust Solutions by Ledger Labs Ltd., Alfor Livestock diseases and health reporting, loT Climate-Smart Device, Smart Pond (SP) and Future Fish Farms.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58513366Wed, 31 Jan 2024 14:15:03 +0000Africa Business RadioOctober Cadre Harmonise says an estimated 17 million Nigerians grappling with critical food insecurity, and an estimated 25 million Nigerians were likely to be food insecure between June and August of 2023. Ten Agritech Startups will focus on using...Ten Agritech Startups will focus on using these 4IR technologies to improve various agricultural sub-sectors including forestry, crop production, fishery and livestock.
The ministry announced that 10 startups were placed in the programme.
The selected agritech startups are Agri-Wing Project, Ranch.ID LivestockPro, Precision Farm Management, Automated loT-Based Irrigation System, Geospatial Intelligence model for enhanced prediction of crop yield and crop stress assessment, AgriTrust Solutions by Ledger Labs Ltd., Alfor Livestock diseases and health reporting, loT Climate-Smart Device, Smart Pond (SP) and Future Fish Farms.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>1144irta,africa_business_radio,agritech,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/access-holdco-completes-acquisition-of-arm-pensions--58513369Take Nigeria’s Access HoldCo, completed its third acquisition of the month. It acquired Nigeria’s second-largest independent pension fund manager, ARM Pensions.
ARM will be Access’ third acquisition this month—with Zambia’s Atlas Mara and Megatech Insurance as the first two—and the third overall that showcases the bank’s strong venture into other plays like insurance and pension.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58513369Wed, 31 Jan 2024 14:10:59 +0000Africa Business RadioThe African tech ecosystem continues to witness significant M&A activities in 2023, 30 acquisitions took place, including Bitmama’s acquisition of PayDay. Commercial banks are however way ahead of startups in this M&A game. Take Nigeria’s...Take Nigeria’s Access HoldCo, completed its third acquisition of the month. It acquired Nigeria’s second-largest independent pension fund manager, ARM Pensions.
ARM will be Access’ third acquisition this month—with Zambia’s Atlas Mara and Megatech Insurance as the first two—and the third overall that showcases the bank’s strong venture into other plays like insurance and pension.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104access,acquisition,africa_business_radio,africa_tech_news,arm_pensionfalsefullhttps://www.spreaker.com/episode/terraform-labs-files-for-chapter-11-bankruptcy--58404371Terraform Labs, which confirmed its Chapter 11 bankruptcy protection filing, says the filing is a strategic step that will enable it to continue its operations and support litigation pending in Singapore and U.S. litigation involving the Securities and Exchange Commission.
The outfit also says it would meet all financial obligations to employees and vendors during the Chapter 11 case without requiring additional financing.
Terraform Labs’ estimated assets and liabilities range from $100 million to $500 million, while the number of creditors is between 100 and 199.
Terraform Labs plans to continue expanding its Web3 business and recently acquired Pulsar Finance, a cross-chain portfolio manager and data provider, and launched Station v3, a cryptocurrency wallet, earlier this month.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58404371Wed, 24 Jan 2024 07:38:28 +0000Africa Business RadioSingapore-based Terraform Labs, the company behind digital assets TerraUSD and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022. Terraform Labs, which confirmed its Chapter 11 bankruptcy...Terraform Labs, which confirmed its Chapter 11 bankruptcy protection filing, says the filing is a strategic step that will enable it to continue its operations and support litigation pending in Singapore and U.S. litigation involving the Securities and Exchange Commission.
The outfit also says it would meet all financial obligations to employees and vendors during the Chapter 11 case without requiring additional financing.
Terraform Labs’ estimated assets and liabilities range from $100 million to $500 million, while the number of creditors is between 100 and 199.
Terraform Labs plans to continue expanding its Web3 business and recently acquired Pulsar Finance, a cross-chain portfolio manager and data provider, and launched Station v3, a cryptocurrency wallet, earlier this month.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>117africa_business_radio,chapter_11_bankruptcy,tech_news,terraform_labsfalsefullhttps://www.spreaker.com/episode/globacom-gets-an-extra-21-days-to-pay-interconnect-fees--58404372Globacom reportedly owes MTN about ₦6 billion ($6.7 million) in interconnect fees, which led the NCC to approve the partial disconnection of Globacom from MTN Nigeria on January 8.
In 2019, MTN disconnected Globacom for five days, resulting in Glo paying ₦2.6 billion ( out of a total ₦4.4 billion owed, in interconnect fees. During the same period, Airtel also issued threats to disconnect Glo.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58404372Wed, 24 Jan 2024 07:35:46 +0000Africa Business RadioThe Nigerian Communications Commission has granted the telecom a 21-day extension to settle interconnect fees owed to MTN, delaying a planned phased disconnection. Globacom reportedly owes MTN about ₦6 billion ($6.7 million) in interconnect fees,...Globacom reportedly owes MTN about ₦6 billion ($6.7 million) in interconnect fees, which led the NCC to approve the partial disconnection of Globacom from MTN Nigeria on January 8.
In 2019, MTN disconnected Globacom for five days, resulting in Glo paying ₦2.6 billion ( out of a total ₦4.4 billion owed, in interconnect fees. During the same period, Airtel also issued threats to disconnect Glo.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,globacom,mtn,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/openview-sues-dstv-s-supersport-for-monopoly--58404373The eMedia parent company argues that Multichoice, through its sports channel SuperSport, unfairly excludes other platforms, like the South African Broadcasting Corporation channel from airing the popular event, hindering competition and limiting viewer choice.
However, MultiChoice says e-media is seeking to reap where it has not sown.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58404373Wed, 24 Jan 2024 07:33:31 +0000Africa Business RadioSouth African broadcaster Openview has taken MultiChoice to court for monopolising broadcasting rights for the Rugby World Cup. The eMedia parent company argues that Multichoice, through its sports channel SuperSport, unfairly excludes other...The eMedia parent company argues that Multichoice, through its sports channel SuperSport, unfairly excludes other platforms, like the South African Broadcasting Corporation channel from airing the popular event, hindering competition and limiting viewer choice.
However, MultiChoice says e-media is seeking to reap where it has not sown.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,dstv,openview,supersport,tech_newsfalsefullhttps://www.spreaker.com/episode/amazon-prime-to-lay-off-staff-and-stop-producing-african-content--58404374The streaming platform, the third largest in Africa, is restructuring its business model to focus on its European market.
Barry Furlong, the vice president of Prime’s EMEA division, says that the decision was made to focus on the areas that drive the highest impact and long-term success.
Amazon Prime will still be present in Africa, but the platform will stop approving local shows in sub-Saharan Africa, the Middle East and North Africa.
Africa’s streaming market is projected to have at least 18 million paying streaming customers by 2029, up from 8 million customers last year

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58404374Wed, 24 Jan 2024 07:31:46 +0000Africa Business RadioAmazon Prime, the global streaming giant, is laying off staff and scaling back its local content production in Africa and the Middle East. The streaming platform, the third largest in Africa, is restructuring its business model to focus on its...The streaming platform, the third largest in Africa, is restructuring its business model to focus on its European market.
Barry Furlong, the vice president of Prime’s EMEA division, says that the decision was made to focus on the areas that drive the highest impact and long-term success.
Amazon Prime will still be present in Africa, but the platform will stop approving local shows in sub-Saharan Africa, the Middle East and North Africa.
Africa’s streaming market is projected to have at least 18 million paying streaming customers by 2029, up from 8 million customers last year

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa,africa_business_radio,amazon_prime,tech_newsfalsefullhttps://www.spreaker.com/episode/patricia-announces-five-year-repayment-plan-for-customers--58404375Patricia has tried several measures to repay its customers including an app relaunch, a stablecoin backed by the dollar, and fundraising.
Patricia says this will help ensure a safe process for everyone, but it remains to be seen why the company would need video testimonials if it has records of all its users. It calls into question if Patricia is showing genuine concern or pulling a PR stunt.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58404375Wed, 24 Jan 2024 07:17:59 +0000Africa Business RadioPatricia’s, the crypto exchange’s latest time frame for repayment is now two to five years which the company says it set for expectation management purposes. Patricia has tried several measures to repay its customers including an app relaunch, a...Patricia has tried several measures to repay its customers including an app relaunch, a stablecoin backed by the dollar, and fundraising.
Patricia says this will help ensure a safe process for everyone, but it remains to be seen why the company would need video testimonials if it has records of all its users. It calls into question if Patricia is showing genuine concern or pulling a PR stunt.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,cryptocurrency,patricia,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-warns-airtel-and-telkom-over-poor-service--58404378The CA regularly tests mobile networks against benchmarks for call success rate, internet speed, and coverage.
To be considered compliant, networks must score at least 80% on these key performance indicators.
In the latest report covering June 2023, Safaricom, the market leader, exceeded expectations with 90%, but Airtel and Telkom significantly missed the mark with 79% and 65%, respectively.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58404378Wed, 24 Jan 2024 07:05:33 +0000Africa Business RadioKenya’s phone regulator, the Communications Authority of Kenya, has slapped Airtel and Telkom Kenya with warning notices and fines for failing to meet quality of service standards. The CA regularly tests mobile networks against benchmarks for call...The CA regularly tests mobile networks against benchmarks for call success rate, internet speed, and coverage.
To be considered compliant, networks must score at least 80% on these key performance indicators.
In the latest report covering June 2023, Safaricom, the market leader, exceeded expectations with 90%, but Airtel and Telkom significantly missed the mark with 79% and 65%, respectively.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,airtel,kenya,tech_news,telkomfalsefullhttps://www.spreaker.com/episode/telecom-egypt-to-test-5g-within-three-months--58404379Telecom Egypt has begun testing 5G services in five locations across the country, aiming for a full rollout later in 2024.
The company says the tests will span three months, followed by a nationwide rollout.
CEO Mohamed Nasr expects the financial impact to be evident by the end of 2024. Already the telecom saw a 48% net profit in 2023, and more subscribers means even better margins, especially with the $150 million hole in its pockets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58404379Wed, 24 Jan 2024 07:04:06 +0000Africa Business RadioEgypt’s government-owned telecom has announced that citizens can expect 5G this year. Telecom Egypt has begun testing 5G services in five locations across the country, aiming for a full rollout later in 2024. The company says the tests will span...Telecom Egypt has begun testing 5G services in five locations across the country, aiming for a full rollout later in 2024.
The company says the tests will span three months, followed by a nationwide rollout.
CEO Mohamed Nasr expects the financial impact to be evident by the end of 2024. Already the telecom saw a 48% net profit in 2023, and more subscribers means even better margins, especially with the $150 million hole in its pockets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,egypt,tech_news,telecomfalsefullhttps://www.spreaker.com/episode/google-pulls-binance-other-global-crypto-apps-from-india-store--58306520The ban comes two weeks after these global crypto exchanges were flagged for operating illegally in the South Asian market.
Financial Intelligence Unit, an Indian government agency that scrutinizes financial transactions, late last month issued show cause notices to nine crypto firms and alleged that they weren’t compliant with India’s anti-money laundering rules.
FIU had asked India’s IT Ministry to block websites of all the nine services in India.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58306520Wed, 17 Jan 2024 09:54:12 +0000Africa Business RadioGoogle pulled many crypto exchanges, including Binance and Kraken, from its Play Store in India in what is the latest blow to the world’s second-largest internet market’s already dwindling web3 dream. The ban comes two weeks after these global crypto...The ban comes two weeks after these global crypto exchanges were flagged for operating illegally in the South Asian market.
Financial Intelligence Unit, an Indian government agency that scrutinizes financial transactions, late last month issued show cause notices to nine crypto firms and alleged that they weren’t compliant with India’s anti-money laundering rules.
FIU had asked India’s IT Ministry to block websites of all the nine services in India.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,binance,google,india,tech_newsfalsefullhttps://www.spreaker.com/episode/cbn-appoints-new-board-members-for-nigerian-banks--58306525The Central Bank of Nigeria dissolved the board of directors of Union, Keystone and Polaris banks citing regulatory non-compliance and corporate governance failure.
The dissolution and replacement of board members comes weeks after Jim Obazee’s investigation into the Central Bank under former Governor Godwin Emefiele’s alleged questionable bank acquisitions. Obazee’s report claims Emefiele used proxies to purchase these banks without evidence of payment.
Yetunde Oni takes over the helm of affairs at Union Bank alongside Mannir Ubani Ringim, the bank’s new executive director. Hassan Imam will head KeystoneBank as CEO.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58306525Wed, 17 Jan 2024 09:45:19 +0000Africa Business RadioNigeria’s apex bank has appointed new board members for the three commercial banks whose boards it dissolved. The Central Bank of Nigeria dissolved the board of directors of Union, Keystone and Polaris banks citing regulatory non-compliance and...The Central Bank of Nigeria dissolved the board of directors of Union, Keystone and Polaris banks citing regulatory non-compliance and corporate governance failure.
The dissolution and replacement of board members comes weeks after Jim Obazee’s investigation into the Central Bank under former Governor Godwin Emefiele’s alleged questionable bank acquisitions. Obazee’s report claims Emefiele used proxies to purchase these banks without evidence of payment.
Yetunde Oni takes over the helm of affairs at Union Bank alongside Mannir Ubani Ringim, the bank’s new executive director. Hassan Imam will head KeystoneBank as CEO.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,cbn,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/amazon-cuts-down-its-prime-video-mgm-teams--58306522Twitch, Amazon’s live-streaming site, is also preparing to cut off 35% of its staff after several top executives left the company in the final months of 2023.
Amazon isn’t alone: Beyond Amazon, the broader streaming landscape is grappling with economic headwinds, prompting layoffs at industry giants like Disney and Warner Bros.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58306522Wed, 17 Jan 2024 09:37:52 +0000Africa Business RadioAmazon is laying off hundreds of employees across Prime Video and the recently acquired Metro-Goldwyn-Mayer (MGM) Studios, because it wants to focus on creating high-impact content. Twitch, Amazon’s live-streaming site, is also preparing to cut off...Twitch, Amazon’s live-streaming site, is also preparing to cut off 35% of its staff after several top executives left the company in the final months of 2023.
Amazon isn’t alone: Beyond Amazon, the broader streaming landscape is grappling with economic headwinds, prompting layoffs at industry giants like Disney and Warner Bros.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,amazon,mgm,prime_video,tech_newsfalsefullhttps://www.spreaker.com/episode/citigroup-to-lay-off-20-000-employees--58306521The chief financial officer Mark Mason, the layoffs are part of the company’s reorganisation and bid to boost its bank results.
The company has had four rough quarters culminating in Q4 2023 when it recorded $1.8 billion in losses, the biggest losses recorded since 2009 when it recorded $8.9 billion in losses in its fourth quarter.
The bank has sold some of its operations outside the US including its China consumer unit, its Vietnam business unit, and several other businesses across South East Asia.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58306521Wed, 17 Jan 2024 09:32:07 +0000Africa Business RadioGlobal investment bank Citigroup has announced that it will cut 10% of its workforce, about 20,000 jobs, by 2026. The chief financial officer Mark Mason, the layoffs are part of the company’s reorganisation and bid to boost its bank results. The...The chief financial officer Mark Mason, the layoffs are part of the company’s reorganisation and bid to boost its bank results.
The company has had four rough quarters culminating in Q4 2023 when it recorded $1.8 billion in losses, the biggest losses recorded since 2009 when it recorded $8.9 billion in losses in its fourth quarter.
The bank has sold some of its operations outside the US including its China consumer unit, its Vietnam business unit, and several other businesses across South East Asia.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>97africa_business_radio,citigroup,tech_newsfalsefullhttps://www.spreaker.com/episode/lyca-mobile-shuts-down-in-south-africa--58306523Last week, the mobile virtual network operator (MVNO) stated that it’s cutting ties in SA. Users had until January 9, 2024, to hop onto another network or face the risk of losing their phone number and access to text, call and data services.
Lyca’s announcement is related but the company’s long-time partner Cell-C is facing significant financial challenges.
Cell-C, however, has lost 9 million customers between 2021 and 2013, and has a R10.7 billion debt.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58306523Wed, 17 Jan 2024 09:19:25 +0000Africa Business RadioSouth Africa is seeing another multinational exit with network operator Lyca Mobile’s shutdown. Last week, the mobile virtual network operator (MVNO) stated that it’s cutting ties in SA. Users had until January 9, 2024, to hop onto another network or...Last week, the mobile virtual network operator (MVNO) stated that it’s cutting ties in SA. Users had until January 9, 2024, to hop onto another network or face the risk of losing their phone number and access to text, call and data services.
Lyca’s announcement is related but the company’s long-time partner Cell-C is facing significant financial challenges.
Cell-C, however, has lost 9 million customers between 2021 and 2013, and has a R10.7 billion debt.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,lyca,news,south_africafalsefullhttps://www.spreaker.com/episode/starlink-debuts-direct-to-cell-service--58231191The satellite company has launched six Starlink satellites with direct-to-cell capability to eliminate mobile dead zones.
This means mobile phones can connect directly to the satellite, skipping the need for traditional cell towers. This makes it possible for mobile connectivity to work in remote areas and other places where traditional networks reach poorly or not at all.
Musk also clarified that Starlink’s satellite service is not positioned to compete with traditional terrestrial mobile networks, as the satellites only support 7 MB per satellite beam.
Starlink says the satellites will offer basic texting this year and will expand to voice, data, and Internet of Things by 2025.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58231191Wed, 10 Jan 2024 08:58:33 +0000Africa Business RadioElon Musk’s Space X is redefining global mobile communication dynamics. The satellite company has launched six Starlink satellites with direct-to-cell capability to eliminate mobile dead zones. This means mobile phones can connect directly to the...The satellite company has launched six Starlink satellites with direct-to-cell capability to eliminate mobile dead zones.
This means mobile phones can connect directly to the satellite, skipping the need for traditional cell towers. This makes it possible for mobile connectivity to work in remote areas and other places where traditional networks reach poorly or not at all.
Musk also clarified that Starlink’s satellite service is not positioned to compete with traditional terrestrial mobile networks, as the satellites only support 7 MB per satellite beam.
Starlink says the satellites will offer basic texting this year and will expand to voice, data, and Internet of Things by 2025.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,direct-to-cell,service,starlink,tech_newsfalsefullhttps://www.spreaker.com/episode/meta-ceo-sells-over-400-million-worth-of-shares--58231190The average earnings from each day amounted to $10.4 million, with the largest transaction occurring on December 28, 2023, at $17.1 million.
Meta shares, which grew by 193%, outperformed those of every other major tech giant except Nvidia Corp. last year and is now near its September 2021 record high.
Salesforce CEO Marc Benioff also cashed out over $475 million in the second half of 2023. Despite the sale, Zuckerberg still owns a sizable 13% of Meta which is worth about $125 billion

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58231190Wed, 10 Jan 2024 08:41:59 +0000Africa Business RadioMark Zuckerberg has been selling the shares every trading day since November 1, 2023, till the end of 2023. The average earnings from each day amounted to $10.4 million, with the largest transaction occurring on December 28, 2023, at $17.1 million....The average earnings from each day amounted to $10.4 million, with the largest transaction occurring on December 28, 2023, at $17.1 million.
Meta shares, which grew by 193%, outperformed those of every other major tech giant except Nvidia Corp. last year and is now near its September 2021 record high.
Salesforce CEO Marc Benioff also cashed out over $475 million in the second half of 2023. Despite the sale, Zuckerberg still owns a sizable 13% of Meta which is worth about $125 billion

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>99africa_business_radio,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/multichoice-loses-right-to-broadcast-afcon--58231189The Confederation of African Football president Patrice Motsepe described it as a mega deal that no other broadcaster could match.
New World TV secured the exclusive rights to cover both AFCON 2023 in Ivory Coast and 2025 in Morocco.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58231189Wed, 10 Jan 2024 08:36:24 +0000Africa Business RadioMultichoice-owned SuperSports channel will not show this year’s edition of the Africa Cup of Nations after it lost its broadcasting rights to a Togo-based platform, New World TV. The Confederation of African Football president Patrice Motsepe...The Confederation of African Football president Patrice Motsepe described it as a mega deal that no other broadcaster could match.
New World TV secured the exclusive rights to cover both AFCON 2023 in Ivory Coast and 2025 in Morocco.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>78afcon,africa_business_radio,multichoice,new_world_tv,tech_newsfalsefullhttps://www.spreaker.com/episode/microsoft-openai-face-fresh-lawsuit--58231188Nicholas Basbanes and Nicholas Gage claim that OpenAI infringed on copyrighted works to build an empire that’s now worth millions of dollars.
The authors want the courts to stop OpenAI from using their works without authorisation, and about $2.5 million in damages.
The lawsuit, which is over 150 pages long in total, accuses OpenAI of “copying and using millions of The Times’s copyrighted.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58231188Wed, 10 Jan 2024 08:32:16 +0000Africa Business RadioThe ChatGPT parent company and its investor Microsoft faced a fresh lawsuit when two authors sued the company for allegedly using their books to train the AI service. Nicholas Basbanes and Nicholas Gage claim that OpenAI infringed on copyrighted...Nicholas Basbanes and Nicholas Gage claim that OpenAI infringed on copyrighted works to build an empire that’s now worth millions of dollars.
The authors want the courts to stop OpenAI from using their works without authorisation, and about $2.5 million in damages.
The lawsuit, which is over 150 pages long in total, accuses OpenAI of “copying and using millions of The Times’s copyrighted.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,ghatgpt,microsoft,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-s-unveils-315-billion-power-plan--58231187Energy Minister Gwede Mantashe published the country’s Integrated Resource Plan which is South Africa’s plan for stable electricity supply from now till 2024.
The IRP sets out two timeframes: 2023–2030 to stabilise South Africa’s power and end load-shedding, and 2031–2050 to generate enough power for the future.
The plan involves various energy sources like gas, solar, wind, and batteries to eliminate load-shedding.
Eskom will however continue to provide energy to the country, but that may not come to fruition as the struggling electricity-generating company is at risk of shutting down for harmful emissions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58231187Wed, 10 Jan 2024 08:20:50 +0000Africa Business RadioSouth Africa has plans to end load-shedding for good. The bad news though, is that it will take a couple of years. Energy Minister Gwede Mantashe published the country’s Integrated Resource Plan which is South Africa’s plan for stable electricity...Energy Minister Gwede Mantashe published the country’s Integrated Resource Plan which is South Africa’s plan for stable electricity supply from now till 2024.
The IRP sets out two timeframes: 2023–2030 to stabilise South Africa’s power and end load-shedding, and 2031–2050 to generate enough power for the future.
The plan involves various energy sources like gas, solar, wind, and batteries to eliminate load-shedding.
Eskom will however continue to provide energy to the country, but that may not come to fruition as the struggling electricity-generating company is at risk of shutting down for harmful emissions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>131africa_business_radio,eskom,power_plan,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/celsius-network-wins-court-approval-for-shift-to-bitcoin-mining--58207223U.S. Bankruptcy Judge Martin Glenn in Manhattan says the bankruptcy plan approved in November contained enough flexibility to allow Celsius to switch to a backup plan after it hit a roadblock with the U.S. Securities and Exchange Commission.
Celsius had scaled back broader ambitions to earn fees from validating crypto transactions and start new lines of business after the SEC rejected that plan.
Celsius expects to emerge from bankruptcy in early 2024.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58207223Fri, 05 Jan 2024 13:03:42 +0000Africa Business RadioA U.S. bankruptcy judge has approved cryptocurrency lender Celsius Network's pivot to bitcoin mining, ruling that the company could deviate from a previously approved bankruptcy plan because creditors and customers were no worse off under the new...U.S. Bankruptcy Judge Martin Glenn in Manhattan says the bankruptcy plan approved in November contained enough flexibility to allow Celsius to switch to a backup plan after it hit a roadblock with the U.S. Securities and Exchange Commission.
Celsius had scaled back broader ambitions to earn fees from validating crypto transactions and start new lines of business after the SEC rejected that plan.
Celsius expects to emerge from bankruptcy in early 2024.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,bitcoin_mining,celsius,cryptocurrency,tech_newsfalsefullhttps://www.spreaker.com/episode/fidelity-marks-down-x-valuation-by-71-5--58207222Fidelity spent $19.2 million to acquire a stake in X back in October 2022. The fund manager made a valuation cut of 65% in October 2023.
CEO Linda Yaccarino claimed that the company would turn profitable in 2024.
The biggest challenge for the company is to convince advertisers to spend money on the platform. A lot of prominent advertisers — including Apple, Comcast/NBCUniversal, Disney, Warner Bros. Discovery, IBM, Paramount Global, Lionsgate, and the European Commission —pulled out from the platform after Musk called an antisemitic conspiracy theory the “actual truth”.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58207222Fri, 05 Jan 2024 13:02:28 +0000Africa Business RadioMutual fund company Fidelity has marked down its investment in X holdings — the parent company of X (formerly Twitter) owned by Elon Musk — by 71.5% from the original valuation of shares, according to a new disclosure. Fidelity spent $19.2 million to...Fidelity spent $19.2 million to acquire a stake in X back in October 2022. The fund manager made a valuation cut of 65% in October 2023.
CEO Linda Yaccarino claimed that the company would turn profitable in 2024.
The biggest challenge for the company is to convince advertisers to spend money on the platform. A lot of prominent advertisers — including Apple, Comcast/NBCUniversal, Disney, Warner Bros. Discovery, IBM, Paramount Global, Lionsgate, and the European Commission —pulled out from the platform after Musk called an antisemitic conspiracy theory the “actual truth”.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>125africa_business_radio,elon_musk,fidelity,tech_news,twitter,xfalsefullhttps://www.spreaker.com/episode/ftx-plans-to-exit-bankruptcy--58207224The crypto exchange proposes to liquidate most of its remaining crypto holdings and convert them into cash which will then be distributed to creditors and customers, according to a yet-to-be-determined formula. The proposal is slated for a vote by creditors next year.
The plan will be subject to final approval by US Bankruptcy Judge John Dorsey.
Nigerian crypto company Nestcoin was affected. Nestcoin consequently had to lay off staff, as most of the money it needed for its operations was trapped in the FTX collapse. FTX owed its 50 largest creditors almost $3.1 billion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58207224Fri, 05 Jan 2024 13:00:27 +0000Africa Business RadioFTX Trading Ltd has revealed a proposal to repay billions of dollars to customers and creditors. The crypto exchange proposes to liquidate most of its remaining crypto holdings and convert them into cash which will then be distributed to creditors...The crypto exchange proposes to liquidate most of its remaining crypto holdings and convert them into cash which will then be distributed to creditors and customers, according to a yet-to-be-determined formula. The proposal is slated for a vote by creditors next year.
The plan will be subject to final approval by US Bankruptcy Judge John Dorsey.
Nigerian crypto company Nestcoin was affected. Nestcoin consequently had to lay off staff, as most of the money it needed for its operations was trapped in the FTX collapse. FTX owed its 50 largest creditors almost $3.1 billion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>108africa_business_radio,bankruptcy,cryptocurrency,fraud,ftx,tech_newsfalsefullhttps://www.spreaker.com/episode/starlink-launches-in-eswatini--58207226Starlink already beams across Kenya, Mozambique, Rwanda, Mauritius, Sierra Leone, Zambia, and Nigeria.
The service is awaiting regulatory nod In Zimbabwe and Botswana where its application for an operation licence is still being vetted. Starlink’s operation went through swiftly in Eswatini, getting a licence in June after applying in March.
Despite being its biggest potential market, South Africa has banned Starlink due to ownership requirements, with the company baulking at the 30% quota for disadvantaged groups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58207226Fri, 05 Jan 2024 12:58:58 +0000Africa Business RadioStarlink, Elon Musk’s satellite internet service provider has officially launched in Eswatini. Starlink already beams across Kenya, Mozambique, Rwanda, Mauritius, Sierra Leone, Zambia, and Nigeria. The service is awaiting regulatory nod In...Starlink already beams across Kenya, Mozambique, Rwanda, Mauritius, Sierra Leone, Zambia, and Nigeria.
The service is awaiting regulatory nod In Zimbabwe and Botswana where its application for an operation licence is still being vetted. Starlink’s operation went through swiftly in Eswatini, getting a licence in June after applying in March.
Despite being its biggest potential market, South Africa has banned Starlink due to ownership requirements, with the company baulking at the 30% quota for disadvantaged groups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa,africa_business_radio,eswatini,starlink,tech_newsfalsefullhttps://www.spreaker.com/episode/lesotho-s-central-bank-suffers-cyberattack--58207225The attack led to several outages and affected the country’s National Payments System, which facilitates inter-bank transactions.
There are concerns that the current wave of attacks might affect Lesotho’s exchange rate against the rand. Lesotho’s incident is not a standalone incident in southern Africa. The Development Bank of Southern Africa confirmed in June that it was hit by ransomware.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58207225Fri, 05 Jan 2024 12:53:46 +0000Africa Business RadioThe Central Bank of Lesotho discovered that a cybersecurity incident had affected its system. The apex bank has restored transfers, but it advised customers to expect delays as the processing of payments is done manually. The attack led to several...The attack led to several outages and affected the country’s National Payments System, which facilitates inter-bank transactions.
There are concerns that the current wave of attacks might affect Lesotho’s exchange rate against the rand. Lesotho’s incident is not a standalone incident in southern Africa. The Development Bank of Southern Africa confirmed in June that it was hit by ransomware.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,central_bank,cyberattack,lesotho,tech_newsfalsefullhttps://www.spreaker.com/episode/facebook-s-meta-fined-for-breaches-of-italian-gambling-ads-ban--58146964Meta has been fined 5.85 million euros in connection with profiles and accounts on Facebook and Instagram, as well as sponsored content which promoted either betting or games with cash prizes.
Communications watchdog AGCOM says earlier this month, announced fines for Alphabet Inc's (GOOGL.O) YouTube and Amazon's (AMZN.O) Twitch for breaching the ban. YouTube and Twitch were fined 2.25 million euros and 900,000 euros respectively

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58146964Fri, 29 Dec 2023 15:36:40 +0000Africa Business RadioMeta Platforms, the parent company of Facebook, has become the latest tech company to be fined in Italy for breaches of a ban on the advertising of gambling. Meta has been fined 5.85 million euros in connection with profiles and accounts on Facebook...Meta has been fined 5.85 million euros in connection with profiles and accounts on Facebook and Instagram, as well as sponsored content which promoted either betting or games with cash prizes.
Communications watchdog AGCOM says earlier this month, announced fines for Alphabet Inc's (GOOGL.O) YouTube and Amazon's (AMZN.O) Twitch for breaching the ban. YouTube and Twitch were fined 2.25 million euros and 900,000 euros respectively

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,facebook,italy,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/intel-to-get-3-2-billion-government-grant-for-new-25-billion-israel-chip-plant--58146963Intel says the expansion plan for its Kiryat Gat site is an important part of Intel’s efforts to foster a more resilient global supply chain, alongside the company’s ongoing and planned manufacturing investments in Europe and the United States.
The chipmaker also committed to buy 60 billion shekels ($16.6 billion) worth of goods and services from Israeli suppliers over the next decade, while the new facility is expected to create several thousand jobs.
Intel operates four development and production sites in Israel, including a manufacturing plant in Kiryat Gat, and employs nearly 12,000 people in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58146963Fri, 29 Dec 2023 15:35:13 +0000Africa Business RadioIsrael's government agreed to give Intel Corp a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel. Intel says the expansion plan for its Kiryat Gat site is an important part of Intel’s efforts to foster a more...Intel says the expansion plan for its Kiryat Gat site is an important part of Intel’s efforts to foster a more resilient global supply chain, alongside the company’s ongoing and planned manufacturing investments in Europe and the United States.
The chipmaker also committed to buy 60 billion shekels ($16.6 billion) worth of goods and services from Israeli suppliers over the next decade, while the new facility is expected to create several thousand jobs.
Intel operates four development and production sites in Israel, including a manufacturing plant in Kiryat Gat, and employs nearly 12,000 people in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>102africa_business_radio,chip_plant,intel,isreal,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-central-bank-lifts-ban-on-crypto-trading--58146967The regulator has now reversed that ban and taken a positive posture towards digital currency assets, issuing new guidelines to financial institutions for crypto transactions.
Based on the new guidelines released, banks must obtain the bank verification number of all directors and owners of crypto businesses that use their services.
The rules also mandate cryptocurrency companies to secure a license from the country’s capital markets regulator, the Securities Exchange Commission.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58146967Fri, 29 Dec 2023 15:31:55 +0000Africa Business RadioNigeria’s Central Bank has removed a two-year restriction on cryptocurrency transactions as it introduces stringent customer KYC and anti-money laundering checks. The CBN banned banks from crypto-related transactions in 2021, citing money laundering...The regulator has now reversed that ban and taken a positive posture towards digital currency assets, issuing new guidelines to financial institutions for crypto transactions.
Based on the new guidelines released, banks must obtain the bank verification number of all directors and owners of crypto businesses that use their services.
The rules also mandate cryptocurrency companies to secure a license from the country’s capital markets regulator, the Securities Exchange Commission.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>125africa_business_radio,crypto_currency,nigeria,regulations,tech_newsfalsefullhttps://www.spreaker.com/episode/pornhub-owner-pays-us-government-1-8m-to-resolve-sex-trafficking-probe--58146965The company, formerly known as MindGeek, will enter a deferred prosecution agreement, which means that a monitor will be appointed to oversee Aylo and its compliance efforts for three years.
Pornhub and other adult content sites owned by Aylo have come under fire for a history of negligence in moderating third-party uploads of adult content.
This particular probe by the Eastern District of New York’s Attorney’s Office focuses on a network called GirlsDoPorn, which has been posting videos on Pornhub and other Aylo websites since 2009.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58146965Fri, 29 Dec 2023 15:31:39 +0000Africa Business RadioPornhub’s parent company Aylo Holdings will pay $1.8 million to the U.S. government to resolve a charge of profiting off of sex trafficking. The company, formerly known as MindGeek, will enter a deferred prosecution agreement, which means that a...The company, formerly known as MindGeek, will enter a deferred prosecution agreement, which means that a monitor will be appointed to oversee Aylo and its compliance efforts for three years.
Pornhub and other adult content sites owned by Aylo have come under fire for a history of negligence in moderating third-party uploads of adult content.
This particular probe by the Eastern District of New York’s Attorney’s Office focuses on a network called GirlsDoPorn, which has been posting videos on Pornhub and other Aylo websites since 2009.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>117africa_business_radio,pornhub,tech_news,u.sfalsefullhttps://www.spreaker.com/episode/south-africa-s-competition-commission-expands-tech-probe--58146966The commission acknowledged that the rise of digital platforms has significantly impacted traditional news media organisations and their revenue streams in recent years.
It also maintained that there are reasons to believe that the existence of market features within digital platforms that distribute news media content restricts and impedes competition.
The commission found that Google’s strong dominance and business approach make it difficult for smaller platforms to get noticed and gain users.
The commission recommended that Google implement new site units to display smaller websites that are relevant to searches.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58146966Fri, 29 Dec 2023 15:29:33 +0000Africa Business RadioThe Competition Commission is seeking feedback on its inquiry into differences between South African media publishers and major tech companies (Apple, Facebook, Google) through the Media and Digital Platforms Markets Inquiry. The commission...The commission acknowledged that the rise of digital platforms has significantly impacted traditional news media organisations and their revenue streams in recent years.
It also maintained that there are reasons to believe that the existence of market features within digital platforms that distribute news media content restricts and impedes competition.
The commission found that Google’s strong dominance and business approach make it difficult for smaller platforms to get noticed and gain users.
The commission recommended that Google implement new site units to display smaller websites that are relevant to searches.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>112africa_business_radio,south_africa,tech_companies,tech_newsfalsefullhttps://www.spreaker.com/episode/ride-hailing-drivers-protest-ghana-s-new-tax--58146962The country’s revenue authority is set to implement a Vehicle Income Tax, slated to launch in January 2024, requiring drivers to pay quarterly taxes based on their earnings.
Ride-hailing vehicles fall under “Class A” and will pay 12 Ghana cedis quarterly, totalling 48 GHC annually. Also, ride-hailing companies like Uber, Bolt, and Yango will need to verify drivers’ VIT compliance before allowing them on the platform.
Drivers say the proposed VIT will put a strain on their already-burdened incomes, asserting that the tax should be paid by ride-hailing companies rather than individual drivers.
The drivers accused ride-hailing companies of lowering trip fares despite consistent increases in fuel prices, negatively impacting their earnings.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58146962Fri, 29 Dec 2023 15:27:17 +0000Africa Business RadioGhana’s drivers push back against a new tax on commercial vehicles. The country’s revenue authority is set to implement a Vehicle Income Tax, slated to launch in January 2024, requiring drivers to pay quarterly taxes based on their earnings....The country’s revenue authority is set to implement a Vehicle Income Tax, slated to launch in January 2024, requiring drivers to pay quarterly taxes based on their earnings.
Ride-hailing vehicles fall under “Class A” and will pay 12 Ghana cedis quarterly, totalling 48 GHC annually. Also, ride-hailing companies like Uber, Bolt, and Yango will need to verify drivers’ VIT compliance before allowing them on the platform.
Drivers say the proposed VIT will put a strain on their already-burdened incomes, asserting that the tax should be paid by ride-hailing companies rather than individual drivers.
The drivers accused ride-hailing companies of lowering trip fares despite consistent increases in fuel prices, negatively impacting their earnings.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>120africa_business_radio,bolt,ghana,indrive,riders_association,tech_news,uberfalsefullhttps://www.spreaker.com/episode/african-leaders-considers-startup-visas-to-boost-innovation--58048559Technology ministers from Algeria, South Africa, Tunisia, Botswana, and Nigeria were all in attendance.
The startup visa will facilitate the free movement of startups on the continent and help to boost the mobility of young entrepreneurs on the continent.
This could also be viewed as another step in achieving a borderless Africa with free movement of people and trade.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58048559Wed, 20 Dec 2023 08:33:43 +0000Africa Business RadioTechnology ministers across Africa are looking to introduce startup visas to support innovation and startup growth while simultaneously addressing the brain drain wave on the continent. Technology ministers from Algeria, South Africa, Tunisia,...Technology ministers from Algeria, South Africa, Tunisia, Botswana, and Nigeria were all in attendance.
The startup visa will facilitate the free movement of startups on the continent and help to boost the mobility of young entrepreneurs on the continent.
This could also be viewed as another step in achieving a borderless Africa with free movement of people and trade.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,african_leaders,startup_visa,tech_newsfalsefullhttps://www.spreaker.com/episode/jumia-shuts-down-food-delivery-business-across-seven-markets--58048560The e-commerce company has decided to shut down its food delivery business, Jumia Food, across several African countries, including Nigeria, Kenya, Morocco, Ivory Coast, Tunisia, Uganda, and Algeria by the end of December 2023.
Jumia, facing a Q3 2023 loss of $19 million, has been reevaluating its business segments to navigate challenging market dynamics since Q4 2022, where the company made a full-year loss of $207 million and a Q4 loss of $49.2 million.
Jumia CEO, Francis Dufay highlighted the food delivery sector’s tough unit economics and substantial losses, attributing the closure to increased competition and rising operational costs.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58048560Wed, 20 Dec 2023 08:32:19 +0000Africa Business RadioJumia has shut down its food delivery business to cut costs. The e-commerce company has decided to shut down its food delivery business, Jumia Food, across several African countries, including Nigeria, Kenya, Morocco, Ivory Coast, Tunisia, Uganda,...The e-commerce company has decided to shut down its food delivery business, Jumia Food, across several African countries, including Nigeria, Kenya, Morocco, Ivory Coast, Tunisia, Uganda, and Algeria by the end of December 2023.
Jumia, facing a Q3 2023 loss of $19 million, has been reevaluating its business segments to navigate challenging market dynamics since Q4 2022, where the company made a full-year loss of $207 million and a Q4 loss of $49.2 million.
Jumia CEO, Francis Dufay highlighted the food delivery sector’s tough unit economics and substantial losses, attributing the closure to increased competition and rising operational costs.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,food_delivery,jumia,tech_newsfalsefullhttps://www.spreaker.com/episode/google-moves-to-end-geofence-warrants--58048561Police can use geofence warrants to demand that Google turn over information on which users’ devices were in a particular geographic area at a certain point in time.
Critics however say geofence warrants are unconstitutional and inherently overly broad, since these demands often also include the information of entirely innocent people who were nearby at a time when a crime was committed.
Even the courts cannot agree on whether geofence warrants are legal, likely setting up an eventual challenge at the U.S. Supreme Court.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58048561Wed, 20 Dec 2023 08:29:42 +0000Africa Business RadioGoogle will soon allow users to store their location data on their devices rather than on Google’s servers, effectively ending a long-running surveillance practice that allowed police and law enforcement to tap Google’s vast banks of location data to...Police can use geofence warrants to demand that Google turn over information on which users’ devices were in a particular geographic area at a certain point in time.
Critics however say geofence warrants are unconstitutional and inherently overly broad, since these demands often also include the information of entirely innocent people who were nearby at a time when a crime was committed.
Even the courts cannot agree on whether geofence warrants are legal, likely setting up an eventual challenge at the U.S. Supreme Court.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,geoforce_warrant,google,lawenforcement,tech_newsfalsefullhttps://www.spreaker.com/episode/m-pesa-to-roll-out-plastic-cards--58048562Virtual cards haven’t exactly had a stellar track record with reliability and fraud risks. Companies like card issuing startup Union54 learned that the hard way.
Physical cards are much safer, however, but it also turns out that Kenyans aren’t exactly plastic pals either.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58048562Wed, 20 Dec 2023 08:28:22 +0000Africa Business RadioM-PESA, Kenya’s biggest mobile money platform is set to disrupt the country’s cash-loving retail sector with roll-out plastic cards. The GlobalPay virtual cards were limited to purchases from online platforms like Netflix, Amazon, and others. Virtual...Virtual cards haven’t exactly had a stellar track record with reliability and fraud risks. Companies like card issuing startup Union54 learned that the hard way.
Physical cards are much safer, however, but it also turns out that Kenyans aren’t exactly plastic pals either.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,kenya,mobile_money,m-pesa,tech_newsfalsefullhttps://www.spreaker.com/episode/apple-agrees-to-pay-out-25m-to-settle-lawsuit-over-family-sharing--58048563The lawsuit, which was first filed in 2019, alleged that Apple misrepresented the ability to use its Family Sharing feature to share subscriptions to apps.
The lawsuit says that Apple denies that it made any misleading misrepresentations and denies all allegations of wrongdoing.
The settlement agreement notes that Apple has concluded that continuing to defend this Action would be burdensome and expensive.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58048563Wed, 20 Dec 2023 08:26:23 +0000Africa Business RadioApple has agreed to pay out $25 million to settle a class action lawsuit over its Family Sharing feature, which lets users and up to five of their family members share access to apps, music, movies, TV shows and books that they purchase. The lawsuit,...The lawsuit, which was first filed in 2019, alleged that Apple misrepresented the ability to use its Family Sharing feature to share subscriptions to apps.
The lawsuit says that Apple denies that it made any misleading misrepresentations and denies all allegations of wrongdoing.
The settlement agreement notes that Apple has concluded that continuing to defend this Action would be burdensome and expensive.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,apple,family_sharing,lawsuit,tech_newsfalsefullhttps://www.spreaker.com/episode/techstars-and-arm-labs-to-invest-1-4-million-in-12-african-startups--58048558The cohort comprises 12 startups from Ghana, East Africa and Nigeria, and has four teams with at least one female co-founder in each startup.
Each startup receives $120,000 in funding, along with valuable benefits like $400,000 in cash equivalent hosting, accounting, and legal support, with the comprehensive package, exceeding $5 million in total value.
The selected startups will also receive lifetime access to the Techstars global network, company-building support, and mentorships.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/58048558Wed, 20 Dec 2023 08:22:26 +0000Africa Business RadioTechstars, an African startup investor has partnered with ARM Labs, a Nigerian accelerator, in its second cohort for its Lagos-based accelerator programme. The cohort comprises 12 startups from Ghana, East Africa and Nigeria, and has four teams with...The cohort comprises 12 startups from Ghana, East Africa and Nigeria, and has four teams with at least one female co-founder in each startup.
Each startup receives $120,000 in funding, along with valuable benefits like $400,000 in cash equivalent hosting, accounting, and legal support, with the comprehensive package, exceeding $5 million in total value.
The selected startups will also receive lifetime access to the Techstars global network, company-building support, and mentorships.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa_business_radio,african_startup,arm_labs,tech_news,techstarsfalsefullhttps://www.spreaker.com/episode/south-african-mobile-operator-cell-c-remains-insolvent--57907285The latest report tells us that Cell C still has more debts than assets with a gap of R9.294 billion.
The agreements led to the settlement of debts at a discounted rate of 20 cents to the rand, aiming to ease Cell C’s hefty debt load.
Cell C’s immediate debts dropped from R17.691 billion to R10.732 billion.
However, non-current liabilities increased by R1.1 billion due to an increase in contract liabilities and other payables.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57907285Wed, 13 Dec 2023 09:29:04 +0000Africa Business RadioSouth African mobile operator Cell C is still grappling with insolvency, with liabilities towering almost three times higher than its assets. The latest report tells us that Cell C still has more debts than assets with a gap of R9.294 billion. The...The latest report tells us that Cell C still has more debts than assets with a gap of R9.294 billion.
The agreements led to the settlement of debts at a discounted rate of 20 cents to the rand, aiming to ease Cell C’s hefty debt load.
Cell C’s immediate debts dropped from R17.691 billion to R10.732 billion.
However, non-current liabilities increased by R1.1 billion due to an increase in contract liabilities and other payables.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,cellulant,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/kippapay-transfers-operation-to-bloc--57973450Kippa shuttered the operations of KippaPay in October after the naira devaluation meant that the fintech couldn’t keep up with buying point-of-sale (POS) terminals which its banking agents used.
KippaPay has now been incorporated into GPay, Bloc’s payment subsidiary.
However, service is yet to be fully restored to the Linux terminals which processes payments from POS. Merchants have also been told to return their POS devices to Kippa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57973450Wed, 13 Dec 2023 09:27:43 +0000Africa Business RadioKippa, a Nigeria fintech, has transferred the operation of its agency banking product, KippaPay, to Bloc. Kippa shuttered the operations of KippaPay in October after the naira devaluation meant that the fintech couldn’t keep up with buying...Kippa shuttered the operations of KippaPay in October after the naira devaluation meant that the fintech couldn’t keep up with buying point-of-sale (POS) terminals which its banking agents used.
KippaPay has now been incorporated into GPay, Bloc’s payment subsidiary.
However, service is yet to be fully restored to the Linux terminals which processes payments from POS. Merchants have also been told to return their POS devices to Kippa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,bloc,fintech,kippapay,tech_newsfalsefullhttps://www.spreaker.com/episode/apple-cuts-off-beeper-mini-s-access-in-imessage--57973451Apple Inc says it shut down third-party applications that enabled Android devices to use the iMessage service to communicate with iPhone users.
The iPhone maker says it took steps to protect users by blocking techniques that exploit fake credentials in order to gain access to iMessage.
It added that these techniques posed significant risks to user security and privacy, including the potential for metadata exposure and enabling unwanted messages, spam, and phishing attacks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57973451Wed, 13 Dec 2023 09:22:47 +0000Africa Business RadioBeeper, the startup that reverse-engineered iMessage to bring blue bubble texts to Android users, is experiencing an outage. Apple Inc says it shut down third-party applications that enabled Android devices to use the iMessage service to communicate...Apple Inc says it shut down third-party applications that enabled Android devices to use the iMessage service to communicate with iPhone users.
The iPhone maker says it took steps to protect users by blocking techniques that exploit fake credentials in order to gain access to iMessage.
It added that these techniques posed significant risks to user security and privacy, including the potential for metadata exposure and enabling unwanted messages, spam, and phishing attacks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,beeper,imessage,tech_newsfalsefullhttps://www.spreaker.com/episode/youtube-launches-youtube-music-and-youtube-premium-in-kenya--57973452Pricing and plans: In Kenya, YouTube Music (Individual) is priced at KES 419, while the YouTube Music Family plan costs KES 669. For an all-inclusive package, the YouTube Premium Bundle is your go-to at KES 499, while the Premium Family plan is available at KES 949.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57973452Wed, 13 Dec 2023 09:19:33 +0000Africa Business RadioYouTube Music and YouTube Premium are now available for subscription in Kenya, joining Ghana, Egypt, Nigeria, South Africa, Senegal, and Algeria where YouTube Music and YouTube Premium are available. Pricing and plans: In Kenya, YouTube Music...Pricing and plans: In Kenya, YouTube Music (Individual) is priced at KES 419, while the YouTube Music Family plan costs KES 669. For an all-inclusive package, the YouTube Premium Bundle is your go-to at KES 499, while the Premium Family plan is available at KES 949.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,kenya,tech_news,youtube,youtube_musicfalsefullhttps://www.spreaker.com/episode/bitmama-to-acquire-moniepoint-backed-fintech-in-1-million-equity-deal--57973453This news comes three months after Payday reportedly began exploring acquisition opportunities.
Bitmama is offering Payday investors $1 million worth of equity in the crypto company at a $30 million valuation.
Ruth Iselema, the CEO of Bitmama, expressed enthusiasm for the acquisition, stating that Favour Ori, the CEO of PayDay contacted her because Bitmama is expanding its product range beyond crypto, and one of these offerings is Changera—Bitmama’s relatively new remittance service—which made sense to her.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57973453Wed, 13 Dec 2023 09:17:51 +0000Africa Business RadioNigerian fintech Payday, after securing a $3 million seed funding round in February, is now in talks to be acquired by Bitmamaa Nigerian crypto exchange startup. This news comes three months after Payday reportedly began exploring acquisition...This news comes three months after Payday reportedly began exploring acquisition opportunities.
Bitmama is offering Payday investors $1 million worth of equity in the crypto company at a $30 million valuation.
Ruth Iselema, the CEO of Bitmama, expressed enthusiasm for the acquisition, stating that Favour Ori, the CEO of PayDay contacted her because Bitmama is expanding its product range beyond crypto, and one of these offerings is Changera—Bitmama’s relatively new remittance service—which made sense to her.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>107africa_business_radio,bitnam,fintech,moniepoint,payday,tech_newsfalsefullhttps://www.spreaker.com/episode/tether-freezes-41-wallets--57973454Tether has frozen 41 wallets controlled by individuals the United States has sanctioned since December 1. These individuals were suspected of engaging in cryptocurrency transactions related to illicit activities, despite no directive from government authorities. in the US, regulators have been cracking down on crypto businesses, citing concerns that the technology facilitates fraud, scams, and the financing of illicit activities. Tether says that this new policy is a proactive measure that will foster closer collaboration with regulators and law enforcement agencies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57973454Wed, 13 Dec 2023 09:14:42 +0000Africa Business RadioStablecoin issuer Tether announced the implementation of a voluntary wallet-freezing policy. Tether has frozen 41 wallets controlled by individuals the United States has sanctioned since December 1. These individuals were suspected of engaging in...Tether has frozen 41 wallets controlled by individuals the United States has sanctioned since December 1. These individuals were suspected of engaging in cryptocurrency transactions related to illicit activities, despite no directive from government authorities. in the US, regulators have been cracking down on crypto businesses, citing concerns that the technology facilitates fraud, scams, and the financing of illicit activities. Tether says that this new policy is a proactive measure that will foster closer collaboration with regulators and law enforcement agencies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>129africa_business_radio,cryptocurrency,tech_news,tetherfalsefullhttps://www.spreaker.com/episode/meta-launches-image-generator--57973455It enables users to generate images using text prompts, just like Open AI’s Dall-E, and it is free to use.
The generator is fueled by Meta’s Emu, the image foundation model, and anyone with a Facebook or Instagram account can use it.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57973455Wed, 13 Dec 2023 09:12:05 +0000Africa Business RadioMeta released the website version of its AI image generator named “Imagine with Meta AI”, trained on a staggering 1.1 billion photos posted by users of Facebook and Instagram. It enables users to generate images using text prompts, just like Open...It enables users to generate images using text prompts, just like Open AI’s Dall-E, and it is free to use.
The generator is fueled by Meta’s Emu, the image foundation model, and anyone with a Facebook or Instagram account can use it.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,artificial_intelligence,image_generation,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-releases-crypto-licence-updates--57907284The FSCA received 128 renewal applications as of November 2023, State of the licences: Only 36 of the 128 licence application assessments were complete; the regulatory body said it would present the completed applications on December 12, 2023.
The FSCA issues the licence to crypto organisations to help protect consumers by ensuring that crypto asset service providers are financially sound and have adequate cybersecurity measures in place.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57907284Wed, 06 Dec 2023 09:00:38 +0000Africa Business RadioSouth Africa’s Financial Sector Conduct Authority has released new updates on the licence status for crypto asset service providers in the country. The FSCA received 128 renewal applications as of November 2023, State of the licences: Only 36 of the...The FSCA received 128 renewal applications as of November 2023, State of the licences: Only 36 of the 128 licence application assessments were complete; the regulatory body said it would present the completed applications on December 12, 2023.
The FSCA issues the licence to crypto organisations to help protect consumers by ensuring that crypto asset service providers are financially sound and have adequate cybersecurity measures in place.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,cryptocurrency,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/putin-s-daughter-offers-digital-expertise-to-africa--57907286The project is supported by the Innopraktika Centre, which is affiliated with the National Intellectual Development Foundation where Russia’s President Vladimir Putin’s younger daughter, Katerina Tikhonova, is the general director.
The programme aims to promote the exchange of knowledge and experience in the field of e-governance between Russia and African countries.
The programme will provide training, including lectures, seminars, workshops, and other learning activities led by Russian and African experts.
The training will cover the theoretical aspects of e-governance, regulations, and technological solutions, with a focus on practical case studies.
Andrey Maslov, deputy executive director for Innopraktika, says the project was pivotal due to a significant demand for digitisation of public services, and high growth rates in African countries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57907286Wed, 06 Dec 2023 08:56:49 +0000Africa Business RadioDelegates from 36 African countries have been invited to Moscow next month to pitch digital services to Russian investors and IT specialists. The project is supported by the Innopraktika Centre, which is affiliated with the National Intellectual...The project is supported by the Innopraktika Centre, which is affiliated with the National Intellectual Development Foundation where Russia’s President Vladimir Putin’s younger daughter, Katerina Tikhonova, is the general director.
The programme aims to promote the exchange of knowledge and experience in the field of e-governance between Russia and African countries.
The programme will provide training, including lectures, seminars, workshops, and other learning activities led by Russian and African experts.
The training will cover the theoretical aspects of e-governance, regulations, and technological solutions, with a focus on practical case studies.
Andrey Maslov, deputy executive director for Innopraktika, says the project was pivotal due to a significant demand for digitisation of public services, and high growth rates in African countries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>115africa,africa_business_radio,katerina_tikhonova,russia,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-joins-17-countries-to-sign-global-ai-safety-agreement--57907287The countries agreed that companies developing and implementing AI must ensure that their systems prioritise customer and public safety by preventing misuse.
The non-binding agreement deals with questions of how to keep AI technology from being hijacked by hackers, and it includes recommendations such as only releasing models after appropriate security testing.
While Nigeria is the only participating African country in the agreement, the move is usual as the country has yet to pass its own AI act into law.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57907287Wed, 06 Dec 2023 08:53:37 +0000Africa Business RadioNigeria country joined 18 other countries, including the US and UK to unveil a 20-page document that will be the holy grail of AI safety. The countries agreed that companies developing and implementing AI must ensure that their systems prioritise...The countries agreed that companies developing and implementing AI must ensure that their systems prioritise customer and public safety by preventing misuse.
The non-binding agreement deals with questions of how to keep AI technology from being hijacked by hackers, and it includes recommendations such as only releasing models after appropriate security testing.
While Nigeria is the only participating African country in the agreement, the move is usual as the country has yet to pass its own AI act into law.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>124africa_business_radio,ai,nigeria,safety_agreement,tech_newsfalsefullhttps://www.spreaker.com/episode/oneweb-launches-broadband-service-in-south-africa--57907290Through a partnership between telecom company, Paratus and satellite operator, Eutelsat, the Starlink rival will offer fast and reliable internet in areas with connectivity challenges, benefiting sectors such as healthcare, government, mining, agriculture, tourism, and hospitality.
The partnership leverages a 10,000-kilometre fibre network across 10 sub-Saharan African countries, providing customers with connectivity to various data centres in Angola, Namibia, and Zambia, along with connectivity to various subsea cable systems, including Equiano.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57907290Wed, 06 Dec 2023 08:48:29 +0000Africa Business RadioOneWeb has launched its low-earth orbit (LEO) broadband service in South Africa. Through a partnership between telecom company, Paratus and satellite operator, Eutelsat, the Starlink rival will offer fast and reliable internet in areas with...Through a partnership between telecom company, Paratus and satellite operator, Eutelsat, the Starlink rival will offer fast and reliable internet in areas with connectivity challenges, benefiting sectors such as healthcare, government, mining, agriculture, tourism, and hospitality.
The partnership leverages a 10,000-kilometre fibre network across 10 sub-Saharan African countries, providing customers with connectivity to various data centres in Angola, Namibia, and Zambia, along with connectivity to various subsea cable systems, including Equiano.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,broadband,oneweb,tech_newsfalsefullhttps://www.spreaker.com/episode/regulatory-watchdog-warns-against-using-starlink-in-south-africa--57907291This warning comes days after Starlink’s rival, OneWeb, launched its broadband service in South Africa.
Starlink has been unable to secure an operating licence in South Africa due to its refusal to surrender a 30% stake in its service to historically disadvantaged groups.
The regulator has issued a warning and outlined legal consequences for unauthorised use of Starlink services in the country.
Those who do not have a license to provide electronic services could be fined up to R5 million or 10% of their annual turnover for each day the offence continues.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57907291Wed, 06 Dec 2023 08:43:50 +0000Africa Business RadioThe Independent Communications Authority of South Africa (ICASA) has again, issued a warning, against the illegal use and provision of Starlink satellite broadband services within the country. This warning comes days after Starlink’s rival, OneWeb,...This warning comes days after Starlink’s rival, OneWeb, launched its broadband service in South Africa.
Starlink has been unable to secure an operating licence in South Africa due to its refusal to surrender a 30% stake in its service to historically disadvantaged groups.
The regulator has issued a warning and outlined legal consequences for unauthorised use of Starlink services in the country.
Those who do not have a license to provide electronic services could be fined up to R5 million or 10% of their annual turnover for each day the offence continues.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>123africa_business_radio,south_africa,starlink,tech_newsfalsefullhttps://www.spreaker.com/episode/neuralink-elon-musk-s-brain-implant-startup-raises-additional-43m--57875528The filing published this week shows the company increased its previous tranche, led by Peter Thiel’s Founders Fund, from $280 million to $323 million in early August. Thirty-two investors participated, according to the filing.
Neuralink has devised a sewing machine-like device capable of implanting ultra-thin threads inside the brain. The threads attach to a custom-designed chip containing electrodes that can read information from groups of neurons.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57875528Fri, 01 Dec 2023 12:32:01 +0000Africa Business RadioNeuralink, the Elon Musk-founded company developing implantable chips that can read brain waves, has raised an additional $43 million in venture capital, according to a filing with the SEC. The filing published this week shows the company increased...The filing published this week shows the company increased its previous tranche, led by Peter Thiel’s Founders Fund, from $280 million to $323 million in early August. Thirty-two investors participated, according to the filing.
Neuralink has devised a sewing machine-like device capable of implanting ultra-thin threads inside the brain. The threads attach to a custom-designed chip containing electrodes that can read information from groups of neurons.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>118africa_business_radio,neuralink,tech_newsfalsefullhttps://www.spreaker.com/episode/patricia-nabs-nigerian-politician-for-760-000-theft--57875529The Nigerian Police Force says, Bonse, who was a gubernatorial candidate in Nigeria’s 2023 elections, reportedly diverted ₦607 million ($760,000) from the fintech’s account into his through a cryptocurrency wallet.
Bonse, who is allegedly working with others, had been apprehended by the police who say the politician has registered his involvement in the hack.
The company says it had pinpointed a single culprit, it declined to disclose any details regarding the individual.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57875529Fri, 01 Dec 2023 12:27:14 +0000Africa Business RadioFintech Patricia identified a Nigerian politician, William Bonse, as a culprit in its 2022 $2 million hack. The Nigerian Police Force says, Bonse, who was a gubernatorial candidate in Nigeria’s 2023 elections, reportedly diverted ₦607 million...The Nigerian Police Force says, Bonse, who was a gubernatorial candidate in Nigeria’s 2023 elections, reportedly diverted ₦607 million ($760,000) from the fintech’s account into his through a cryptocurrency wallet.
Bonse, who is allegedly working with others, had been apprehended by the police who say the politician has registered his involvement in the hack.
The company says it had pinpointed a single culprit, it declined to disclose any details regarding the individual.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,financial_theft,patricia,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-s-largest-lender-to-expand-to-asia--57875526Hebert Wigwe, chairman of Access Holdings, the parent company of Access Bank, warned that Africa could be cut off from the global financial system.
The bank chief says they will keep pushing that wall until they are on the global stage.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57875526Fri, 01 Dec 2023 12:21:12 +0000Africa Business RadioAccess Bank, Nigeria’s largest lender by assets plans to expand into Asia early in 2024. Access Bank Group will join South Africa’s Standard Bank Group and TymeBank, the South African challenger fintech to open a shop in Asia. Standard Bank has...Hebert Wigwe, chairman of Access Holdings, the parent company of Access Bank, warned that Africa could be cut off from the global financial system.
The bank chief says they will keep pushing that wall until they are on the global stage.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98access_bank,africa_business_radio,asia,tech_newsfalsefullhttps://www.spreaker.com/episode/egypt-is-moving-to-e-kyc-in-2024--57875527that Egypt’s apex bank was on track to launch an e-KYC process next year that will cut out the need for going to banks.
The process will allow Egyptians to use fingerprints and facial recognition on their smartphones. While the CBE has not given an official release date for the service, Egyptian publication Al Mal reports that e-KYC is set for a Q3 2023 launch.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57875527Fri, 01 Dec 2023 12:12:41 +0000Africa Business RadioDeputy governor for the CBE Ihab Nasr revealed that Egypt has announced plans to roll out an electronic know-your-customer process next year. that Egypt’s apex bank was on track to launch an e-KYC process next year that will cut out the need for...that Egypt’s apex bank was on track to launch an e-KYC process next year that will cut out the need for going to banks.
The process will allow Egyptians to use fingerprints and facial recognition on their smartphones. While the CBE has not given an official release date for the service, Egyptian publication Al Mal reports that e-KYC is set for a Q3 2023 launch.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa,africa_business_radio,egypt,podcast_in_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/airbnb-acquires-gameplanner-ai-firm--57729884GamePlanner was co-founded by Adam Cheyer, who famously helped co-launch the startup Siri, which Apple acquired and whose technology became the basis for Apple’s AI-powered Siri assistant.
Airbnb CEO Brian Chesky hinted that the 12-person startup combines expertise in AI and design toward crafting AI-driven experiences — sort of like an AI-focused consultancy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57729884Wed, 22 Nov 2023 09:21:46 +0000Africa Business RadioAirbnb acquired a secretive AI startup, GamePlanner.AI for around $200 million. GamePlanner was co-founded by Adam Cheyer, who famously helped co-launch the startup Siri, which Apple acquired and whose technology became the basis for Apple’s...GamePlanner was co-founded by Adam Cheyer, who famously helped co-launch the startup Siri, which Apple acquired and whose technology became the basis for Apple’s AI-powered Siri assistant.
Airbnb CEO Brian Chesky hinted that the 12-person startup combines expertise in AI and design toward crafting AI-driven experiences — sort of like an AI-focused consultancy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa_business_radio,airbnb,gameplanner.ai,tech_newsfalsefullhttps://www.spreaker.com/episode/ghana-s-central-bank-bans-eight-fintechs--57729883The apex bank says these fintechs don’t have the regulatory approval to operate in Ghana. The bank has also warned all financial institutions in the country to stop dealing with these fintechs.
Ghana’s laws say companies can’t trade foreign currency without a licence. If caught doing so under Section 29.1, the companies could face a fine of up to seven hundred penalty units or be in jail for up to eighteen months, or even both.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57729883Wed, 22 Nov 2023 09:20:20 +0000Africa Business RadioThe Central Bank of Ghana has barred eight money transfer organisations (MTOs) from operating in the country. The eight companies include Xoom, Wise, LemFi, Transfer Go, SendValu, Aza Finance, Boss Revolution and Supersonicz. The apex bank says these...The apex bank says these fintechs don’t have the regulatory approval to operate in Ghana. The bank has also warned all financial institutions in the country to stop dealing with these fintechs.
Ghana’s laws say companies can’t trade foreign currency without a licence. If caught doing so under Section 29.1, the companies could face a fine of up to seven hundred penalty units or be in jail for up to eighteen months, or even both.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,fintech,ghana,startup,tech_newsfalsefullhttps://www.spreaker.com/episode/indrive-launches-new-ventures-arm-to-invest-100-million-in-startups--57729877New Ventures will be led by investment professional, Andries Smit, who will be joining the company as the vice president.
The investment criteria: inDrive’s New Ventures unit will target post-seed/pre-Series A companies with proven product-market fit, rapid organic growth, healthy economics, and cash flow.
The company will focus on rapid growth and reduce positive community impact with investments spread across companies tackling injustice and improving the lives of individuals and communities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57729877Wed, 22 Nov 2023 09:05:46 +0000Africa Business RadioinDrive, the mobility platform has launched a new venture and merger and acquisition (M&A) arm, New Ventures Investments, with a dedicated fund of up to $100 million to invest in promising startups. New Ventures will be led by investment...New Ventures will be led by investment professional, Andries Smit, who will be joining the company as the vice president.
The investment criteria: inDrive’s New Ventures unit will target post-seed/pre-Series A companies with proven product-market fit, rapid organic growth, healthy economics, and cash flow.
The company will focus on rapid growth and reduce positive community impact with investments spread across companies tackling injustice and improving the lives of individuals and communities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>121africa_business_radio,indrive,startup,tech_newsfalsefullhttps://www.spreaker.com/episode/paystack-to-lay-off-33-employees-in-the-uae-and-europe--57729876The company’s CEO, Shola Akinlade says the layoff is happening because Paystack is reducing its operations outside Africa.
Akinlade says the affected staff will be getting a severance package which includes four months’ salary, accelerating equity vesting, and an extension of health insurance by three months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57729876Wed, 22 Nov 2023 09:00:35 +0000Africa Business RadioPaystack, the Nigerian fintech acquired in 2020 for $200 million by Stripe, is laying off 33 workers in Europe and UAE. The company’s CEO, Shola Akinlade says the layoff is happening because Paystack is reducing its operations outside Africa....The company’s CEO, Shola Akinlade says the layoff is happening because Paystack is reducing its operations outside Africa.
Akinlade says the affected staff will be getting a severance package which includes four months’ salary, accelerating equity vesting, and an extension of health insurance by three months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>110africa_business_radio,fintech,paystack,tech_news,uaefalsefullhttps://www.spreaker.com/episode/nigerian-state-to-build-250-smart-schools-in-14-months--57729875Governor Peter Mbah noted that the schools will be built across 260 wards in the state to allow students in the remote parts of the state access to quality education.
The smart school says there will be a creative production studio in each school, 25 inclusive classrooms furnished with interactive digital whiteboards, and Android tablets for student utilisation.
Governor Mbah also revealed that instructors spearheading the model smart schools in Enugu State are presently undergoing training conducted by international experts.”

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57729875Wed, 22 Nov 2023 08:56:07 +0000Africa Business RadioEnugu, a south-eastern state in Nigeria has announced plans to build 250 smart schools over the next 14 months. Governor Peter Mbah noted that the schools will be built across 260 wards in the state to allow students in the remote parts of the state...Governor Peter Mbah noted that the schools will be built across 260 wards in the state to allow students in the remote parts of the state access to quality education.
The smart school says there will be a creative production studio in each school, 25 inclusive classrooms furnished with interactive digital whiteboards, and Android tablets for student utilisation.
Governor Mbah also revealed that instructors spearheading the model smart schools in Enugu State are presently undergoing training conducted by international experts.”

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>123africa_business_radio,nigeria,smart_school,tech_newsfalsefullhttps://www.spreaker.com/episode/openai-s-board-fires-sam-altman--57729874The board’s decision came a month after Altman announced a new feature that would allow users to build their own versions of ChatGPT—a service that is barely a year old, and achieved over 100 million active monthly users in its first quarter!
Co-founder and president of OpenAI Greg Brockman, who was also removed as chairman of the board, also quit in solidarity with Altman. Several senior researchers at the company also followed suit.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57729874Wed, 22 Nov 2023 08:52:49 +0000Africa Business RadioThe parent company of ChatGPT announced the sudden departure of CEO Sam Altman after the board of directors decided he was not being “candid in his communications” and could not be trusted to move the company forward. The board’s decision came a...The board’s decision came a month after Altman announced a new feature that would allow users to build their own versions of ChatGPT—a service that is barely a year old, and achieved over 100 million active monthly users in its first quarter!
Co-founder and president of OpenAI Greg Brockman, who was also removed as chairman of the board, also quit in solidarity with Altman. Several senior researchers at the company also followed suit.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,chatgpt,openai,tech_newsfalsefullhttps://www.spreaker.com/episode/cellulant-secures-licence-to-enhance-payment-solutions-in-egypt--57729873Cellulant will empower global and regional merchants in Egypt to effortlessly manage B2B and B2C payments locally and internationally.
The company’s solutions support mobile money, wallets, cash, cards, and direct bank transfers across multiple payment methods and currencies.
Cellulant presently operates in 35 markets, holding licences and physical offices in 18 countries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57729873Wed, 22 Nov 2023 08:49:17 +0000Africa Business RadioCelullant, the pan-African fintech has secured a licence as a Payment Service Provider and Payment Facilitator in Egypt. Cellulant will empower global and regional merchants in Egypt to effortlessly manage B2B and B2C payments locally and...Cellulant will empower global and regional merchants in Egypt to effortlessly manage B2B and B2C payments locally and internationally.
The company’s solutions support mobile money, wallets, cash, cards, and direct bank transfers across multiple payment methods and currencies.
Cellulant presently operates in 35 markets, holding licences and physical offices in 18 countries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,cellulant,egypt,finance,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-flags-off-plan-to-train-3-million-tech-talents--57729872Tijani says based on data that LinkedIn has projected, Nigeria can fill about 23% of the current global shortage in technology talents.
The minister hopes that Nigeria’s young people—about 60% of the population—can grow the country into a net exporter of technology talents to the rest of the world.
Selected participants will be trained on twelve technical skills, namely software development, UI/UX design, data analysis & visualisation, quality assurance, product management, data science, animation, AI/machine learning, cybersecurity, game development, cloud computing, and Dev Ops.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57729872Wed, 22 Nov 2023 08:46:26 +0000Africa Business RadioNigeria’s minister of communications, innovation, and digital economy, Bosun Tijani, formally launched a plan to train 3 million technical talents over the next four years. Tijani says based on data that LinkedIn has projected, Nigeria can fill about...Tijani says based on data that LinkedIn has projected, Nigeria can fill about 23% of the current global shortage in technology talents.
The minister hopes that Nigeria’s young people—about 60% of the population—can grow the country into a net exporter of technology talents to the rest of the world.
Selected participants will be trained on twelve technical skills, namely software development, UI/UX design, data analysis & visualisation, quality assurance, product management, data science, animation, AI/machine learning, cybersecurity, game development, cloud computing, and Dev Ops.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>156africa_business_radio,nigeria,tech_education,tech_news,youth_unemploymentfalsefullhttps://www.spreaker.com/episode/meta-and-snap-receives-formal-eu-requests-on-child-safety-protocol--57646896The Commission sent similar RFIs to TikTok and YouTube also focused on child protection. The safety of minors has quickly emerged as a priority area for the EU’s DSA oversight.
The Commission designated 19 so-called very large online platforms and very large online search engines back in April, with Meta’s social networks Facebook and Instagram and Snap’s messaging app Snapchat among them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57646896Wed, 15 Nov 2023 13:56:28 +0000Africa Business RadioMeta and Snap are the latest tech firms to get formal requests for information from the European Commission about the steps they’re taking to safeguard minors on their platforms in line with requirements set out in the bloc’s Digital Services Act....The Commission sent similar RFIs to TikTok and YouTube also focused on child protection. The safety of minors has quickly emerged as a priority area for the EU’s DSA oversight.
The Commission designated 19 so-called very large online platforms and very large online search engines back in April, with Meta’s social networks Facebook and Instagram and Snap’s messaging app Snapchat among them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>108africa_business_radio,child_safety,eu,meta,snap,tech_newsfalsefullhttps://www.spreaker.com/episode/bolt-food-to-exit-nigeria-in-december--57646864The company announced its decision as a move to streamline its resources and maximise its overall efficiency.
Bolt, which currently offers food delivery services in 16 countries and 33 cities across the world, launched Bolt Food in Nigeria in October 2021 after increased demand for food delivery services during the pandemic.
Food delivery businesses in Nigeria are facing stringent macroeconomic challenges which have affected their operations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57646864Wed, 15 Nov 2023 13:53:31 +0000Africa Business RadioBolt is shutting down its food delivery service in Nigeria from December 7, 2023. The company announced its decision as a move to streamline its resources and maximise its overall efficiency. Bolt, which currently offers food delivery services in 16...The company announced its decision as a move to streamline its resources and maximise its overall efficiency.
Bolt, which currently offers food delivery services in 16 countries and 33 cities across the world, launched Bolt Food in Nigeria in October 2021 after increased demand for food delivery services during the pandemic.
Food delivery businesses in Nigeria are facing stringent macroeconomic challenges which have affected their operations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>97africa_business_radio,bolt_food,business,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/south-african-prisoners-permitted-to-use-computers-in-cells--57646566A prisoner, Mbalenhle Sydney Ntuli, who is serving a 20-year sentence for robbery complained that his right to education was being infringed.
Per Ntuli’s reps, he was struggling to complete a data processing course because he could not have computers in his cell where he spends most of his time.
The plaintiffs argued that this contravenes Section 29 of South Africa’s Bill of Rights which provides prisoners with the right to future education.
The SCA unanimously voted that preventing the use of computers in cells is unconstitutional. The judges, however, gave conditions for use.
South Africa’s correctional services also have 12 months to revise all policies depriving prisoners of these rights.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57646566Wed, 15 Nov 2023 13:51:41 +0000Africa Business RadioSouth Africa’s Supreme Court of Appeal has ruled that prisoners who are registered students have the right to have and use computers in their cells…as long as it’s for study. A prisoner, Mbalenhle Sydney Ntuli, who is serving a 20-year sentence for...A prisoner, Mbalenhle Sydney Ntuli, who is serving a 20-year sentence for robbery complained that his right to education was being infringed.
Per Ntuli’s reps, he was struggling to complete a data processing course because he could not have computers in his cell where he spends most of his time.
The plaintiffs argued that this contravenes Section 29 of South Africa’s Bill of Rights which provides prisoners with the right to future education.
The SCA unanimously voted that preventing the use of computers in cells is unconstitutional. The judges, however, gave conditions for use.
South Africa’s correctional services also have 12 months to revise all policies depriving prisoners of these rights.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>133africa_business_radio,computer_use,human_right,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/mtn-nigeria-blames-network-glitch-for-debt-cancellation--57646436The telecom says that the glitch affected balance enquiries for some subscribers.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57646436Wed, 15 Nov 2023 13:49:37 +0000Africa Business RadioMTN Nigeria announced that the disappearing debts were due to a system glitch after several MTN users received confirmation messages that their debts on the network had been cleared. The telecom says that the glitch affected balance enquiries for...The telecom says that the glitch affected balance enquiries for some subscribers.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>112africa_business_radio,mtn_nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/multichoice-invests-addition-27-million-into-showmax-relaunch--57646412It also incorporates the higher investment in Showmax, primarily related to dual platform costs that will normalise once customers have migrated from the current platform to the new Peacock platform.
MultiChoice says the company will pay R247 million to license the use of that technology for seven years after Showmax 2.0 launch.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57646412Wed, 15 Nov 2023 13:47:34 +0000Africa Business RadioMultiChoice, the pan-African broadcaster that reported $131m in revenue in 2022, has invested R500 million in Showmax, its streaming service, ahead of a late-2024 relaunch. Showmax 2.0 will launch on a specialised technology platform on the US...It also incorporates the higher investment in Showmax, primarily related to dual platform costs that will normalise once customers have migrated from the current platform to the new Peacock platform.
MultiChoice says the company will pay R247 million to license the use of that technology for seven years after Showmax 2.0 launch.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>116africa_business_radio,investment,multichoice,showmax,showmax_2.0,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-obtains-international-transfers-license-in-malawi--57646392Malawi’s remittance market has grown exponentially since 2016, presenting a growth opportunity for the $3 billion-valued African fintech startup.
The International Money Transfer Operator license from the Reserve Bank of Malawi allows the company to process international payments from the Malawian diaspora into the country.
Over 200,000 Malawians work and reside outside the country, presenting an opportunity for Flutterwave to enter the international remittances market which has grown by 300% since 2016 and now represents 2% of the country’s $13.2 billion GDP, according to the World Bank.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57646392Wed, 15 Nov 2023 13:44:49 +0000Africa Business RadioFlutterwave, the African payments company, has secured a licence to process payments into Malawi, including remittances. Malawi’s remittance market has grown exponentially since 2016, presenting a growth opportunity for the $3 billion-valued...Malawi’s remittance market has grown exponentially since 2016, presenting a growth opportunity for the $3 billion-valued African fintech startup.
The International Money Transfer Operator license from the Reserve Bank of Malawi allows the company to process international payments from the Malawian diaspora into the country.
Over 200,000 Malawians work and reside outside the country, presenting an opportunity for Flutterwave to enter the international remittances market which has grown by 300% since 2016 and now represents 2% of the country’s $13.2 billion GDP, according to the World Bank.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,flutterwave,international_transfer,lincense,malawi,tech_newsfalsefullhttps://www.spreaker.com/episode/afex-raises-26-5-million-in-funding--57531633The British International Investment signed a new partnership with the agritech that will see the investor commit $26.5 million to the company’s activities.
AFEX has BII’s investment for the development of 20 modern warehouses strategically located in Nigeria, Kenya, and Uganda. The new warehouses are expected to offer an additional storage capacity of 230,000 metric tons for AFEX. This expanded storage infrastructure will make it possible for approximately 200,000 more farmers to access cost-effective storage solutions and optimise their crop sales.
The potential impact with the possibility of boosting farmer incomes by over 200%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57531633Wed, 08 Nov 2023 09:24:06 +0000Africa Business RadioNigeria-based agritech AFEX has secured $26.5 million in funding. The British International Investment signed a new partnership with the agritech that will see the investor commit $26.5 million to the company’s activities. AFEX has BII’s investment...The British International Investment signed a new partnership with the agritech that will see the investor commit $26.5 million to the company’s activities.
AFEX has BII’s investment for the development of 20 modern warehouses strategically located in Nigeria, Kenya, and Uganda. The new warehouses are expected to offer an additional storage capacity of 230,000 metric tons for AFEX. This expanded storage infrastructure will make it possible for approximately 200,000 more farmers to access cost-effective storage solutions and optimise their crop sales.
The potential impact with the possibility of boosting farmer incomes by over 200%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>99afex,africa_business_radio,agritech,funding,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/llm-startup-unveils-open-source-model-valued-at-1b--57531634Lee launched a company called 01.AI with the vision to develop a homegrown large language model for the Chinese market. T
He says, unlike the rest of the world, China doesn’t have access to OpenAI and Google because those two companies did not make their products available in China, so the need for LLM is trying to do its part in creating a solution for a market that really needs this.”
01. AI’s growth is a fitting reflection of the rapid development in the generative AI field. Seven months after its founding, the startup has released its first model, the open-source Yi-34B.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57531634Wed, 08 Nov 2023 09:22:54 +0000Africa Business RadioKai-Fu_Lee, the computer scientist known in the West for his bestseller AI Superpowers and in China for his bets on artificial intelligence unicorns, has a new venture. Lee launched a company called 01.AI with the vision to develop a homegrown large...Lee launched a company called 01.AI with the vision to develop a homegrown large language model for the Chinese market. T
He says, unlike the rest of the world, China doesn’t have access to OpenAI and Google because those two companies did not make their products available in China, so the need for LLM is trying to do its part in creating a solution for a market that really needs this.”
01. AI’s growth is a fitting reflection of the rapid development in the generative AI field. Seven months after its founding, the startup has released its first model, the open-source Yi-34B.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,ai,china,kai-fu_lee,llm,tech_newsfalsefullhttps://www.spreaker.com/episode/nairobi-to-host-2024-africa-fintech-summit--57531635Andrew Barsden, the summit’s lead organiser, says the relaxed visa requirements for Africans announced by President William Ruto will help make the event much more open and inclusive to more people.
Barsden shared that in 2024, the event might be spread over three days to facilitate more networking opportunities for delegates.
Barsden says they are also looking at including numerous excursions in the country for delegates.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57531635Wed, 08 Nov 2023 09:21:21 +0000Africa Business RadioThe 11th edition of the Africa Fintech Summit will be held in Nairobi, Kenya in 2024, said Zekarias Amsalu, the co-founder of Africa Fintech Summit at the ongoing 10th edition of the summit in Lusaka, Zambia. Andrew Barsden, the summit’s lead...Andrew Barsden, the summit’s lead organiser, says the relaxed visa requirements for Africans announced by President William Ruto will help make the event much more open and inclusive to more people.
Barsden shared that in 2024, the event might be spread over three days to facilitate more networking opportunities for delegates.
Barsden says they are also looking at including numerous excursions in the country for delegates.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa,africa_business_radio,fintech_summit_2024,nairobi,tech_newsfalsefullhttps://www.spreaker.com/episode/mfs-africa-rebrands-to-onafriq--57531636CEO Dare Okoujou, says the facelift was due to trademark challenges in the US. Aside from the challenges with the trademark, the Onafriq CEO says the group wanted a name that reflects its true ambition as the business had expanded beyond just mobile financial services and had become an omni-channel platform across Africa and beyond.
Onafriq acquired US-based fintech company Global Technology Partners (GTP) for $34 million in cash and shares.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57531636Wed, 08 Nov 2023 09:10:59 +0000Africa Business RadioMFS Africa, the African fintech platform has rebranded to Onafriq. CEO Dare Okoujou, says the facelift was due to trademark challenges in the US. Aside from the challenges with the trademark, the Onafriq CEO says the group wanted a name that reflects...CEO Dare Okoujou, says the facelift was due to trademark challenges in the US. Aside from the challenges with the trademark, the Onafriq CEO says the group wanted a name that reflects its true ambition as the business had expanded beyond just mobile financial services and had become an omni-channel platform across Africa and beyond.
Onafriq acquired US-based fintech company Global Technology Partners (GTP) for $34 million in cash and shares.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa_business_radio,fintech,mfs,nigeria,onafriq,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-s-wework-distances-itself-from-wework-s-bankruptcy-plans--57531637Reuters reported that global coworking space provider WeWork Global was planning to file for bankruptcy in the US.
The company, which was valued at $47 billion in 2019, was reportedly struggling to repay debts over $15.9 billion.
The company has struggled since it announced its plans for an IPO in 2019 when questions were raised over the viability of its business model which involves WeWork acquiring properties on long-term leases, and renting them out to others on a short-term basis.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57531637Wed, 08 Nov 2023 09:07:44 +0000Africa Business RadioThe South African franchise of WeWork has announced that its operations are independent of WeWork Global’s bankruptcy filing in the US. Reuters reported that global coworking space provider WeWork Global was planning to file for bankruptcy in the US....Reuters reported that global coworking space provider WeWork Global was planning to file for bankruptcy in the US.
The company, which was valued at $47 billion in 2019, was reportedly struggling to repay debts over $15.9 billion.
The company has struggled since it announced its plans for an IPO in 2019 when questions were raised over the viability of its business model which involves WeWork acquiring properties on long-term leases, and renting them out to others on a short-term basis.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>97africa_business_radio,south_africa,tech_news,weworkfalsefullhttps://www.spreaker.com/episode/zambia-announces-plans-to-open-smartphone-factory-in-june-2024--57531638Zambia’s minister of technology and science, Felix Mutati, has announced the country’s plans to open a smartphone factory by June 2024.
Mutati stated that Building the gadgets in the country will enable us to reduce the cost of smartphones in the country and hence foster inclusivity when it comes to connectivity.
Mutati further added that access to smartphones would boost the reach of fintech startups in the country as the devices are enablers of access to fintech services provided by the startups. In another effort to boost connectivity.
Mutati also stated that the government plans to construct over 100 community digital centres nationwide.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57531638Wed, 08 Nov 2023 08:59:08 +0000Africa Business RadioZambia has announced plans to open a smartphone factory in the country by June 2024 to reduce the prices of the devices for citizens. Zambia’s minister of technology and science, Felix Mutati, has announced the country’s plans to open a smartphone...Zambia’s minister of technology and science, Felix Mutati, has announced the country’s plans to open a smartphone factory by June 2024.
Mutati stated that Building the gadgets in the country will enable us to reduce the cost of smartphones in the country and hence foster inclusivity when it comes to connectivity.
Mutati further added that access to smartphones would boost the reach of fintech startups in the country as the devices are enablers of access to fintech services provided by the startups. In another effort to boost connectivity.
Mutati also stated that the government plans to construct over 100 community digital centres nationwide.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>108africa,africa_business_radio,smartphone_factory,tech_news,zambiafalsefullhttps://www.spreaker.com/episode/ftx-founder-found-guilty-on-all-counts--57531641Bankman-Fried’s sentencing has been set for March 28, 2024, and he faces decades in prison. He will also face another trial next year as prosecutors charge him with foreign bribery and bank fraud conspiracies.
The sentencing comes almost exactly a year after Bankman-Fried’s firm crashed on November 11, 2023.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57531641Wed, 08 Nov 2023 08:56:49 +0000Africa Business RadioFTX founder and CEO Sam-Bankman Fried was convicted of looting $8 billion of customer assets from his now-bankrupt cryptocurrency firm. A 12-man jury found him guilty of two counts of fraud, and five counts of conspiracy. Bankman-Fried’s sentencing...Bankman-Fried’s sentencing has been set for March 28, 2024, and he faces decades in prison. He will also face another trial next year as prosecutors charge him with foreign bribery and bank fraud conspiracies.
The sentencing comes almost exactly a year after Bankman-Fried’s firm crashed on November 11, 2023.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,cryptocurrency,ftx,tech_newsfalsefullhttps://www.spreaker.com/episode/showmax-to-discontinue-services-outside-africa--57531642This means Showmax users outside the continent will no longer be able to access the service by then.
The company says for the moment, they will be focused specifically on the African market and on meeting the needs of our growing customer communities across the dynamic continent.”
This move comes weeks after the company also announced the shutdown of its paid tier Showmax Pro which offered users access to live sports and news from SuperSport.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57531642Wed, 08 Nov 2023 08:54:15 +0000Africa Business RadioShowmax, the MultiChoice streaming service announced that it would discontinue its streaming services outside Africa by December 1, 2023. This means Showmax users outside the continent will no longer be able to access the service by then. The...This means Showmax users outside the continent will no longer be able to access the service by then.
The company says for the moment, they will be focused specifically on the African market and on meeting the needs of our growing customer communities across the dynamic continent.”
This move comes weeks after the company also announced the shutdown of its paid tier Showmax Pro which offered users access to live sports and news from SuperSport.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>111africa_business_radio,showmax,tech_newsfalsefullhttps://www.spreaker.com/episode/posts-with-misinformation-on-x-become-ineligible-for-revenue-share--57442095He says the idea is to maximize the incentive for accuracy over sensationalism.
The billionaire executive also noted that any attempts to weaponize Community Notes to demonetize people will be immediately obvious because all code and data is open source.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57442095Wed, 01 Nov 2023 10:24:50 +0000Africa Business RadioElon Musk says X posts that are corrected by Community Notes, the platform’s crowd-sourced fact-checking system, will become ineligible for revenue share. He says the idea is to maximize the incentive for accuracy over sensationalism. The...He says the idea is to maximize the incentive for accuracy over sensationalism.
The billionaire executive also noted that any attempts to weaponize Community Notes to demonetize people will be immediately obvious because all code and data is open source.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,revenue_sharing,tech_news,twitter,xfalsefullhttps://www.spreaker.com/episode/botswana-to-incorporate-technology-to-boost-diamond-industry--57442097Masisi says the use of innovations such as drone-assisted surveying to advanced water management systems could help preserve the world for generations to come.
The President says the use of blockchain technology for diamond tracing could make the diamond supply chain more transparent.
The government in March 2023 bought a 24% Stake in HB Antwerp, a diamond cutting and technology company based in Antwerp, Belgium.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57442097Wed, 01 Nov 2023 10:23:10 +0000Africa Business RadioBotswana’s president, Mokgweetsi Masisi, emphasised the need for diamond-producing nations like Botswana to incorporate technology into the sector to foster sustainability. Masisi says the use of innovations such as drone-assisted surveying to...Masisi says the use of innovations such as drone-assisted surveying to advanced water management systems could help preserve the world for generations to come.
The President says the use of blockchain technology for diamond tracing could make the diamond supply chain more transparent.
The government in March 2023 bought a 24% Stake in HB Antwerp, a diamond cutting and technology company based in Antwerp, Belgium.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,botswana,diamond,tech_news,technologyfalsefullhttps://www.spreaker.com/episode/airbnb-launches-500-000-fund-to-support-tourism--57442098Per Velma Corcoran, the company’s regional lead for MEA, says the fund will be used to help governments, entrepreneurs and tourism organisations identify and unlock new tourism opportunities across different communities in Africa.
The funds will also be dispersed via awards and grants given to local stakeholders.
The company will also give access to the City Portal to 10 more African countries, including South Africa.
This portal is a new tool for local governments and tourism organisations to learn about Airbnb in their communities and find ways to boost tourism.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57442098Wed, 01 Nov 2023 10:20:46 +0000Africa Business RadioSouth Africa, international marketplace Airbnb launched a $500,000 fund geared towards supporting tourism in Africa. Per Velma Corcoran, the company’s regional lead for MEA, says the fund will be used to help governments, entrepreneurs and tourism...Per Velma Corcoran, the company’s regional lead for MEA, says the fund will be used to help governments, entrepreneurs and tourism organisations identify and unlock new tourism opportunities across different communities in Africa.
The funds will also be dispersed via awards and grants given to local stakeholders.
The company will also give access to the City Portal to 10 more African countries, including South Africa.
This portal is a new tool for local governments and tourism organisations to learn about Airbnb in their communities and find ways to boost tourism.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>110africa_business_radio,airbnb,south_africa,tech_news,tourismfalsefullhttps://www.spreaker.com/episode/kenyan-drivers-against-reinstating-bolt-and-uber-reinstated--57442112The drivers urged the National Transport and Safety Authority not to renew the licences of ride-hailing platforms Bolt and Uber until the companies act on submitted complaints.
The NTSA earlier declined Bolt and Uber’s requests to renew their operating licences. The regulator says the ride-hailing platforms were charging illegal booking fees and higher commission rates than the NTSA benchmark allows.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57442112Wed, 01 Nov 2023 10:18:57 +0000Africa Business RadioDrivers of ride-hailing platforms in Kenya are taking advantage of the situation. The drivers urged the National Transport and Safety Authority not to renew the licences of ride-hailing platforms Bolt and Uber until the companies act on submitted...The drivers urged the National Transport and Safety Authority not to renew the licences of ride-hailing platforms Bolt and Uber until the companies act on submitted complaints.
The NTSA earlier declined Bolt and Uber’s requests to renew their operating licences. The regulator says the ride-hailing platforms were charging illegal booking fees and higher commission rates than the NTSA benchmark allows.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa_business_radio,bolt,kenya,tech_news,uberfalsefullhttps://www.spreaker.com/episode/ugandan-traders-threaten-to-sue-government-over-facebook-ban--57442094The notice states that the traders have lost approximately 3,874,000 clients who were active Facebook subscribers in Uganda at the time of the closure, along with 2.9 billion potential clients in the global market.
Per Luyimbazi Nalukoola, the lawyer representing the traders, the continued closure of Facebook has resulted in significant financial losses for its members, estimated at around UGX 66 billion, it also extends to their supply chain, affecting 650 boda bodas, 88 lorries and pickups, and 180 taxis.
Ugandans now use VPNs to access Facebook, while many have stopped using the platform altogether.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57442094Wed, 01 Nov 2023 09:59:25 +0000Africa Business RadioA group of traders are threatening to sue the Uganda Communications Commission if it does not reopen Facebook within two weeks. The notice states that the traders have lost approximately 3,874,000 clients who were active Facebook subscribers in...The notice states that the traders have lost approximately 3,874,000 clients who were active Facebook subscribers in Uganda at the time of the closure, along with 2.9 billion potential clients in the global market.
Per Luyimbazi Nalukoola, the lawyer representing the traders, the continued closure of Facebook has resulted in significant financial losses for its members, estimated at around UGX 66 billion, it also extends to their supply chain, affecting 650 boda bodas, 88 lorries and pickups, and 180 taxis.
Ugandans now use VPNs to access Facebook, while many have stopped using the platform altogether.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>140africa_business_radio,ban,facebook,smes,tech_news,ugandafalsefullhttps://www.spreaker.com/episode/uk-lawmakers-pass-online-safety-bill-into-law--57442096The UK government has passed an Online Safety Bill that places immense responsibility on tech giants to ensure children’s safety in the digital world.
Social media platforms must ensure that age limits are enforced and that children are protected from accessing harmful and age-inappropriate content.
The Act also creates new offenses, like addressing cyber-flashing and deepfake pornography, which utilises AI technology.
Companies that fail to adhere to these regulations would face fines of up to £18 million ($21.7 million) or 10% of their annual global earnings, potentially amounting to billions of pounds for major corporations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57442096Wed, 01 Nov 2023 09:49:53 +0000Africa Business RadioTech firms in the UK will have to take more responsibility for the content on their platform. The UK government has passed an Online Safety Bill that places immense responsibility on tech giants to ensure children’s safety in the digital world....The UK government has passed an Online Safety Bill that places immense responsibility on tech giants to ensure children’s safety in the digital world.
Social media platforms must ensure that age limits are enforced and that children are protected from accessing harmful and age-inappropriate content.
The Act also creates new offenses, like addressing cyber-flashing and deepfake pornography, which utilises AI technology.
Companies that fail to adhere to these regulations would face fines of up to £18 million ($21.7 million) or 10% of their annual global earnings, potentially amounting to billions of pounds for major corporations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,law,online_safety_bill,tech_news,ukfalsefullhttps://www.spreaker.com/episode/fidelity-bank-reinstates-neobanks--57442111Fidelity claimed that the removal was due to ongoing upgrades, other sources stated that it was due to KYC violations from the neobanks.
Neobanks saysthat they had been in contact with the commercial bank to resolve all concerns. The reinstatement however was also due to one regulator, the Nigeria Interbank Settlement System, expressing displeasure at Fidelity’s move.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57442111Wed, 01 Nov 2023 09:39:09 +0000Africa Business RadioNigerian commercial bank, Fidelity Bank, has quashed its qualms with neobanks and reinstated customer transfers to OPay, Moniepoint, Palmpay and Kuda. Fidelity claimed that the removal was due to ongoing upgrades, other sources stated that it was due...Fidelity claimed that the removal was due to ongoing upgrades, other sources stated that it was due to KYC violations from the neobanks.
Neobanks saysthat they had been in contact with the commercial bank to resolve all concerns. The reinstatement however was also due to one regulator, the Nigeria Interbank Settlement System, expressing displeasure at Fidelity’s move.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,fidelity_bank,financial_institution,kuda,neobank,nigeria,opay,tech_newsfalsefullhttps://www.spreaker.com/episode/paddy-cosgrave-steps-down-as-ceo-of-web-summit--57355194Following a week of controversy surrounding comments Cosgrave made about Israel and Palestine.
The conference organizers say they will be appointing a new CEO as soon as possible and that Web Summit 2023 in Lisbon will go ahead as planned.
The move comes on the heels of a series of remarks from Cosgrave in the wake of Hamas’s October 7 attack on Israel, which set off a chain of angry responses from Israelis and increasingly a wider swath of people throughout the technology community.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57355194Wed, 25 Oct 2023 09:41:30 +0000Africa Business RadioPaddy Cosgrave has stepped down as CEO of Web Summit, the 14-year-old conference business that he cofounded and which has gone on to host one of Europe’s biggest annual tech events, along with four other events around the globe. Following a week of...Following a week of controversy surrounding comments Cosgrave made about Israel and Palestine.
The conference organizers say they will be appointing a new CEO as soon as possible and that Web Summit 2023 in Lisbon will go ahead as planned.
The move comes on the heels of a series of remarks from Cosgrave in the wake of Hamas’s October 7 attack on Israel, which set off a chain of angry responses from Israelis and increasingly a wider swath of people throughout the technology community.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,paddy,tech_news,web_sumitfalsefullhttps://www.spreaker.com/episode/sony-launches-10-million-fund-for-african-startups--57355195Sony will invest about $10 million in seed to early-stage startups across gaming, music, movie and content distribution sectors.
Gen Tsuchikawa, CEO of Sony Ventures, says that in addition to the fund’s seed and early-stage investment strategy, it will offer follow-on investments to its portfolio companies.
Sony is also collaborating with the International Finance Corporation, the largest global development institution focused on the private sector.
The partnership will support the growth of the entertainment industry in Africa by leveraging the strengths of both parties.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57355195Wed, 25 Oct 2023 09:39:21 +0000Africa Business RadioSony has launched the Sony Innovation Fund to support the growth of entertainment startups on the continent. Sony will invest about $10 million in seed to early-stage startups across gaming, music, movie and content distribution sectors. Gen...Sony will invest about $10 million in seed to early-stage startups across gaming, music, movie and content distribution sectors.
Gen Tsuchikawa, CEO of Sony Ventures, says that in addition to the fund’s seed and early-stage investment strategy, it will offer follow-on investments to its portfolio companies.
Sony is also collaborating with the International Finance Corporation, the largest global development institution focused on the private sector.
The partnership will support the growth of the entertainment industry in Africa by leveraging the strengths of both parties.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,african_startup,funding,sony,startupfalsefullhttps://www.spreaker.com/episode/kippa-exits-the-agency-banking-business--57355196The startup also plans to lay off 40 employees associated with the product.
The company declared that KippaPay would be discontinued starting November 15. Sources also claim layoff notices have been sent out to affected staff, with their final day set for November 30.
The company however, says the decision to discontinue KippaPay is part of a strategic effort to streamline its product offerings and focus on the most financially viable and successful aspects of its business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57355196Wed, 25 Oct 2023 09:36:26 +0000Africa Business RadioKippa, the Nigerian fintech, which provides bookkeeping and finance management tools for small businesses, is discontinuing its agency banking business, KippaPay. The startup also plans to lay off 40 employees associated with the product. The...The startup also plans to lay off 40 employees associated with the product.
The company declared that KippaPay would be discontinued starting November 15. Sources also claim layoff notices have been sent out to affected staff, with their final day set for November 30.
The company however, says the decision to discontinue KippaPay is part of a strategic effort to streamline its product offerings and focus on the most financially viable and successful aspects of its business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>77africa_business_radio,kippa,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/world-bank-suggest-changes-to-kenya-s-data-protection-laws--57355197The global lender has asked Kenya to revoke a law that forces companies to store sensitive personal data on servers located within the country.
The World Bank says the law is limiting cross-border trade in digital services.
It’s asking Kenya to upgrade its current Data Protection Act and adopt compatible and interoperable standards. It also adviced the scrapping of data localisation requirement for the Kenya’s Health Information System Policy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57355197Wed, 25 Oct 2023 09:32:48 +0000Africa Business RadioThe World Bank is flexing Kenya’s data protection laws. The international financial organisation suggested changes to the Kenyan Data Protection Act of 2019, advising the Kenyan government against the localisation of data. The global lender has asked...The global lender has asked Kenya to revoke a law that forces companies to store sensitive personal data on servers located within the country.
The World Bank says the law is limiting cross-border trade in digital services.
It’s asking Kenya to upgrade its current Data Protection Act and adopt compatible and interoperable standards. It also adviced the scrapping of data localisation requirement for the Kenya’s Health Information System Policy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa_business_radio,data_protection_law,kenya,tech_news,world_bankfalsefullhttps://www.spreaker.com/episode/amazon-to-launch-online-shopping-service-in-south-africa-in-2024--57355198Amazon says that independent sellers in South Africa could register their businesses on its marketplace website—Amazon.co.za—starting next year.
The launch of Amazon’s service comes at a time when South Africa has seen a sharp rise in online shopping after the pandemic brought an opportunity for e-commerce to finally take hold and contribute meaningfully to traditional sales.
Amazon’s platform in South Africa is still being finalised, as it must comply with local competition laws requiring online retailers to separate their retail and marketplace businesses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57355198Wed, 25 Oct 2023 09:28:50 +0000Africa Business RadioAmazon, the e-commerce giant will launch its online shopping service in South Africa in 2024. South Africa will become the second African country, after Egypt, to host a locally-dedicated Amazon shopping website. Amazon says that independent sellers...Amazon says that independent sellers in South Africa could register their businesses on its marketplace website—Amazon.co.za—starting next year.
The launch of Amazon’s service comes at a time when South Africa has seen a sharp rise in online shopping after the pandemic brought an opportunity for e-commerce to finally take hold and contribute meaningfully to traditional sales.
Amazon’s platform in South Africa is still being finalised, as it must comply with local competition laws requiring online retailers to separate their retail and marketplace businesses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,amazon,online_shopping,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-s-competition-commission-begins-market-inquiry-into-digital-media--57355199The inquiry follows a complaint lodged by Publisher Support Services in 2021, an industry association representing several South African news publishers.
PSS has argued that the transition to digital news consumption and advertising has had a negative impact on news media businesses, with many seeing a decline in advertising revenue and an increase in costs.
The investigation will specifically assess how these markets affect the online presence and competitive stance of smaller news entities, such as community and African language news outlets.
It will also evaluate the variety of news accessible to the public; search engines, social media sites, video-sharing platforms, news aggregators, and ad-tech market participants will all be under scrutiny.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57355199Wed, 25 Oct 2023 09:25:39 +0000Africa Business RadioThe country’s Competition Commission has launched a Media and Digital Platforms Market Inquiry to scrutinise the distribution of media content on South African digital platforms. The inquiry follows a complaint lodged by Publisher Support Services in...The inquiry follows a complaint lodged by Publisher Support Services in 2021, an industry association representing several South African news publishers.
PSS has argued that the transition to digital news consumption and advertising has had a negative impact on news media businesses, with many seeing a decline in advertising revenue and an increase in costs.
The investigation will specifically assess how these markets affect the online presence and competitive stance of smaller news entities, such as community and African language news outlets.
It will also evaluate the variety of news accessible to the public; search engines, social media sites, video-sharing platforms, news aggregators, and ad-tech market participants will all be under scrutiny.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>100africa_business_radio,digital_media,market_inquiry,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/vodacom-agrees-to-pay-r1-million-fine--57355200Vodacom violated the Consumer Protection Act by imposing substantial penalties on customers who wished to cancel their fixed-term contracts.
These penalties amounted to 75% of the remaining contract balance, effectively preventing customers from exercising their right to terminate their contracts early.
The Consumer Protection Act in South Africa allows subscribers to cancel such contracts before their designated end dates, provided they give a 20-day notice to the network operator and are subject to a reasonable cancellation fee.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57355200Wed, 25 Oct 2023 09:22:51 +0000Africa Business RadioVodacom agreed to pay a R1 million fine levied by South Africa’s National Consumer Tribunal. Vodacom violated the Consumer Protection Act by imposing substantial penalties on customers who wished to cancel their fixed-term contracts. These penalties...Vodacom violated the Consumer Protection Act by imposing substantial penalties on customers who wished to cancel their fixed-term contracts.
These penalties amounted to 75% of the remaining contract balance, effectively preventing customers from exercising their right to terminate their contracts early.
The Consumer Protection Act in South Africa allows subscribers to cancel such contracts before their designated end dates, provided they give a 20-day notice to the network operator and are subject to a reasonable cancellation fee.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,south_africa,tech_news,vodafonefalsefullhttps://www.spreaker.com/episode/nigeria-reintroduces-bill-to-regulate-social-media--57254636The bill proposes a number of measures, including requiring social media users to register with the government and giving the government the power to censor social media content.
The commission’s director-general, Balarabe Ilelah, referred to social media as a monster and emphasised the need for regulation.
NBC says it is engaging Google and TikTok regarding the upcoming social media regulation bill, aiming to examine the legal and regulatory structures that apply to social media platforms in Nigeria.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57254636Wed, 18 Oct 2023 08:49:33 +0000Africa Business RadioThe Nigerian government has reintroduced a bill aimed at regulating digital platforms, including social media. The bill proposes a number of measures, including requiring social media users to register with the government and giving the government...The bill proposes a number of measures, including requiring social media users to register with the government and giving the government the power to censor social media content.
The commission’s director-general, Balarabe Ilelah, referred to social media as a monster and emphasised the need for regulation.
NBC says it is engaging Google and TikTok regarding the upcoming social media regulation bill, aiming to examine the legal and regulatory structures that apply to social media platforms in Nigeria.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>124africa_business_radio,nigeria,social_media_regulation,tech_newsfalsefullhttps://www.spreaker.com/episode/trezor-launches-two-new-devices-to-help-onboard-crypto-newbies--57254637Trezor Safe 3, a hardware crypto wallet, and Trezor Keep Metal, a “mistake-proof” backup solution for wallet passwords, launched in celebration of the company’s 10-year anniversary.
Matěj Žák, CEO of Trezor, says the new crypto wallet is designed specifically for new digital asset entrants with a focus on maximum safety and ease of use.
Also it’s arguably better sometimes to keep cryptocurrencies on a wallet instead of a centralized exchange, where they can be frozen and withheld like Celsius did in June 2022, because it gives you total control over the tokens.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57254637Wed, 18 Oct 2023 08:45:23 +0000Africa Business RadioTrezor, a hardware crypto wallet company, debuted two new products this week at the Bitcoin Amsterdam conference. Trezor Safe 3, a hardware crypto wallet, and Trezor Keep Metal, a “mistake-proof” backup solution for wallet passwords, launched in...Trezor Safe 3, a hardware crypto wallet, and Trezor Keep Metal, a “mistake-proof” backup solution for wallet passwords, launched in celebration of the company’s 10-year anniversary.
Matěj Žák, CEO of Trezor, says the new crypto wallet is designed specifically for new digital asset entrants with a focus on maximum safety and ease of use.
Also it’s arguably better sometimes to keep cryptocurrencies on a wallet instead of a centralized exchange, where they can be frozen and withheld like Celsius did in June 2022, because it gives you total control over the tokens.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,crypto,tech_news,trezorfalsefullhttps://www.spreaker.com/episode/airtel-uganda-extends-ipo-closing-date--57254638The company will begin trading its shares on November 7 instead of the initial November 3.
Airtel is offering 20% of its total stock, 8 billion shares, on the main investment market segment of the Uganda Securities Exchange at Shs100 ($0.0269) per share.
Airtel opened its IPO for subscription on August 30, 2023, and was expected to close by October 13. T
he company expects to raise Shs800 billion which would value the telecom at Shs4 trillion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57254638Wed, 18 Oct 2023 08:40:39 +0000Africa Business RadioAirtel Uganda has shifted the closing date for its initial public offering from October 13 to October 27. The company will begin trading its shares on November 7 instead of the initial November 3. Airtel is offering 20% of its total stock, 8 billion...The company will begin trading its shares on November 7 instead of the initial November 3.
Airtel is offering 20% of its total stock, 8 billion shares, on the main investment market segment of the Uganda Securities Exchange at Shs100 ($0.0269) per share.
Airtel opened its IPO for subscription on August 30, 2023, and was expected to close by October 13. T
he company expects to raise Shs800 billion which would value the telecom at Shs4 trillion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,airtel,ipo,tech_news,ugandafalsefullhttps://www.spreaker.com/episode/rida-nigeria-to-launch-helicopter-taxi-service--57254639The helicopter tariff programme aims to help commuters to break free from the shackles of Lagos commercial traffic
Rida Nigeria’s simple, yet revolutionary idea is aimed at elevating daily commutes by providing an unparalleled air travel experience, transcending the limitations of traditional land-based transportation.
Although the proposed launch date has yet to be confirmed, Rida Nigeria remains steadfast in its commitment to providing innovative ride-hailing solutions, and the possibility of a helicopter service is not far-fetched.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57254639Wed, 18 Oct 2023 08:37:17 +0000Africa Business RadioRida Nigeria is gearing up to unveil an ambitious and exciting helicopter taxi service for Lagos commuters. The helicopter tariff programme aims to help commuters to break free from the shackles of Lagos commercial traffic Rida Nigeria’s simple, yet...The helicopter tariff programme aims to help commuters to break free from the shackles of Lagos commercial traffic
Rida Nigeria’s simple, yet revolutionary idea is aimed at elevating daily commutes by providing an unparalleled air travel experience, transcending the limitations of traditional land-based transportation.
Although the proposed launch date has yet to be confirmed, Rida Nigeria remains steadfast in its commitment to providing innovative ride-hailing solutions, and the possibility of a helicopter service is not far-fetched.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>138africa_business_radio,helicopter_service,nigeria,rida,taxi_service,tech_newsfalsefullhttps://www.spreaker.com/episode/zimbabwe-introduces-new-digital-currency--57254640The digital tokens, also known as Zimbabwe Gold which are primarily measured in milligrams, can be used for transactions by both private individuals and businesses.
They can be purchased via banks in ZiG, while bank customers can make purchases with ZiG accounts through POS systems or online payments.
Zimbabwe introduced gold coins in July 2022 to be used in peer-to-peer and peer-to-business transactions, as well as serve as a store of value as the local currency continued to depreciate against major currencies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57254640Wed, 18 Oct 2023 08:30:53 +0000Africa Business RadioZimbabwe launched a new gold-backed digital currency in an effort to halt re-dollarization, which the administration of President Emmerson Mnangagwa worries could destroy the country's already struggling economy. The digital tokens, also known as...The digital tokens, also known as Zimbabwe Gold which are primarily measured in milligrams, can be used for transactions by both private individuals and businesses.
They can be purchased via banks in ZiG, while bank customers can make purchases with ZiG accounts through POS systems or online payments.
Zimbabwe introduced gold coins in July 2022 to be used in peer-to-peer and peer-to-business transactions, as well as serve as a store of value as the local currency continued to depreciate against major currencies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>119africa_business_radio,digital_currency,tech_news,zimbabwefalsefullhttps://www.spreaker.com/episode/tanzania-imposes-ban-on-vpn-usage--57254634The TCRA clarified that using VPNs is not prohibited, but users must report the VPNs they use and provide necessary information.
Residents and citizens must fill out a form available on the TCRA website by October 30, 2023, providing their individual user IP addresses and specifying whether the VPN is for individual or company use.
Tanzania has become the second East African country to implement regulations on VPN usage.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57254634Wed, 18 Oct 2023 08:26:51 +0000Africa Business RadioThe Tanzania Communications Regulatory Authority banned the use of VPNs without a permit in the country. The TCRA clarified that using VPNs is not prohibited, but users must report the VPNs they use and provide necessary information. Residents and...The TCRA clarified that using VPNs is not prohibited, but users must report the VPNs they use and provide necessary information.
Residents and citizens must fill out a form available on the TCRA website by October 30, 2023, providing their individual user IP addresses and specifying whether the VPN is for individual or company use.
Tanzania has become the second East African country to implement regulations on VPN usage.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa_business_radio,tanzania,tech_news,vpnfalsefullhttps://www.spreaker.com/episode/world-bank-s-ifc-backs-indian-insurtech-startup-onsurity-in-24m-funding--57166938India has over 63 million micro, small and medium enterprises (MSMEs), covering close to 400 million employees and supporting 675 million families.
Onsurity aims to fill the gap with its suite of offerings designed specifically for MSMEs enterprises and emerging businesses.
It also integrates healthcare and wellness benefits to let enterprises — irrespective of their size — allow their employees to access health checkups, fitness membership.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57166938Wed, 11 Oct 2023 09:16:26 +0000Africa Business RadioOnsurity, an Indian startup that offers monthly subscription-based insurance solutions to micro, small and medium enterprises, startups and growing businesses, has raised $24 million in a funding round led by the World Bank’s International Finance...India has over 63 million micro, small and medium enterprises (MSMEs), covering close to 400 million employees and supporting 675 million families.
Onsurity aims to fill the gap with its suite of offerings designed specifically for MSMEs enterprises and emerging businesses.
It also integrates healthcare and wellness benefits to let enterprises — irrespective of their size — allow their employees to access health checkups, fitness membership.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>127africa_business_radio,india,onsurity,tech_newsfalsefullhttps://www.spreaker.com/episode/dangote-backs-500-million-africa-focused-fund--57166939The investors, Alterra Capital Partners, an Africa-focused private equity firm, has ambitious plans to raise up to $500 million in the coming months and has already secured $140 million in its initial closing.
The firm’s investment strategy is centred around critical sectors, including telecommunications, technology, logistics, healthcare, consumer services, and retail.
The firm has invested approximately $1 billion across 23 companies in Africa, indicating a significant track record in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57166939Wed, 11 Oct 2023 09:04:03 +0000Africa Business RadioAliko Dangote, Africa's richest man, has teamed up with US billionaire investors to back a $500 million Africa-focused fund. The investors, Alterra Capital Partners, an Africa-focused private equity firm, has ambitious plans to raise up to $500...The investors, Alterra Capital Partners, an Africa-focused private equity firm, has ambitious plans to raise up to $500 million in the coming months and has already secured $140 million in its initial closing.
The firm’s investment strategy is centred around critical sectors, including telecommunications, technology, logistics, healthcare, consumer services, and retail.
The firm has invested approximately $1 billion across 23 companies in Africa, indicating a significant track record in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>134africa,africa_business_radio,aliko_dangote,business,dangote,funding,tech_newsfalsefullhttps://www.spreaker.com/episode/tech-group-opposes-india-s-proposed-guidelines-against-dark-patterns--57166940Asia Internet Coalition has suggested that the proposed rules may stagnate the growth of the country’s digital economy and urged the Indian government to consider the current self-regulatory framework as the primary measure to restrict the use of dark patterns.
The industry group also says online platforms are already regulated in the country under various existing laws.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57166940Wed, 11 Oct 2023 09:01:00 +0000Africa Business RadioAn industry group representing several major U.S. tech companies has opposed the Indian government’s proposal against dark patterns and said the move would adversely affect the state promise of enabling ease of doing business in the economy and bring...Asia Internet Coalition has suggested that the proposed rules may stagnate the growth of the country’s digital economy and urged the Indian government to consider the current self-regulatory framework as the primary measure to restrict the use of dark patterns.
The industry group also says online platforms are already regulated in the country under various existing laws.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>77africa_business_radio,dark_pattern,india,tech,tech_newsfalsefullhttps://www.spreaker.com/episode/telkom-kenya-lost-1-6-million-subscribers-in-one-year--57166941Telkom had 2.25 million active Kenyan subscribers in June 2023, a 39% drop from March 2022’s 4.14 million subscribers.
The Communications Authority of Kenya earlier began switching off inactive and irregularly registered SIM cards in the country.
Other Kenyan telecoms were also affected by the deregistration exercise with Safaricom and Airtel—who lead Kenya’s telecoms market—reporting slow growth since last year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57166941Wed, 11 Oct 2023 08:53:16 +0000Africa Business RadioTelkom reportedly lost 1.6 million subscribers in one year, according to a report by tech publication Business Daily. Telkom had 2.25 million active Kenyan subscribers in June 2023, a 39% drop from March 2022’s 4.14 million subscribers. The...Telkom had 2.25 million active Kenyan subscribers in June 2023, a 39% drop from March 2022’s 4.14 million subscribers.
The Communications Authority of Kenya earlier began switching off inactive and irregularly registered SIM cards in the country.
Other Kenyan telecoms were also affected by the deregistration exercise with Safaricom and Airtel—who lead Kenya’s telecoms market—reporting slow growth since last year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,business,kenya,tech_news,telkomfalsefullhttps://www.spreaker.com/episode/google-selects-12-africans-startups-for-ai-programme--57166942Google says eleven startups were selected to address Africa’s challenges and broader global issues.
These startups will undergo a 10-week accelerator journey, gaining access to Google’s AI expertise, receiving $350,000 in Google Cloud Credits, benefiting from mentorship, technical guidance, and extensive networking opportunities.
The selected startups are; Avalon Health (South Africa), Chatbots Africa (Ghana), Dial Afrika Inc (Kenya), Famasi Africa (Nigeria), Fastagger Inc (Kenya), Garri Logistics (Ethiopia), Izifin (Nigeria), Lengo AI (Senegal), Logistify AI (Uganda), Telliscope (Ethiopia) and Vzy (Nigeria).

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57166942Wed, 11 Oct 2023 08:49:24 +0000Africa Business RadioGoogle has introduced its inaugural Africa AI First accelerator programme. Google says eleven startups were selected to address Africa’s challenges and broader global issues. These startups will undergo a 10-week accelerator journey, gaining access...Google says eleven startups were selected to address Africa’s challenges and broader global issues.
These startups will undergo a 10-week accelerator journey, gaining access to Google’s AI expertise, receiving $350,000 in Google Cloud Credits, benefiting from mentorship, technical guidance, and extensive networking opportunities.
The selected startups are; Avalon Health (South Africa), Chatbots Africa (Ghana), Dial Afrika Inc (Kenya), Famasi Africa (Nigeria), Fastagger Inc (Kenya), Garri Logistics (Ethiopia), Izifin (Nigeria), Lengo AI (Senegal), Logistify AI (Uganda), Telliscope (Ethiopia) and Vzy (Nigeria).

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,african_startup,ai,google,tech_newsfalsefullhttps://www.spreaker.com/episode/twiga-in-talks-with-incentro-africa-over-260k-cloud-bill--57166943Twiga was taken to court by Incentro to recover a $261,878 debt. Incentro Africa asked the court to give a liquidation notice to Twiga if the debt remained unpaid.
Twiga appealed the notice, arguing that Incentro’s court filing was in bad faith. The startup also confirmed that it is in talks with Google Ireland over the cloud service bill. Twiga objected to the liquidation demand, citing that it was made in bad faith. It is currently engaged in discussions with Google Ireland Limited, the primary provider of Google Cloud Services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57166943Wed, 11 Oct 2023 08:48:02 +0000Africa Business RadioTwiga has confirmed that it is in talks with Incentro Africa, a Google services reseller, to resolve their ongoing legal tussle. Twiga was taken to court by Incentro to recover a $261,878 debt. Incentro Africa asked the court to give a liquidation...Twiga was taken to court by Incentro to recover a $261,878 debt. Incentro Africa asked the court to give a liquidation notice to Twiga if the debt remained unpaid.
Twiga appealed the notice, arguing that Incentro’s court filing was in bad faith. The startup also confirmed that it is in talks with Google Ireland over the cloud service bill. Twiga objected to the liquidation demand, citing that it was made in bad faith. It is currently engaged in discussions with Google Ireland Limited, the primary provider of Google Cloud Services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>118africa,africa_business_radio,google,tech_news,twigafalsefullhttps://www.spreaker.com/episode/volkswagen-pauses-its-plan-of-a-2-1b-ev-plant-in-germany--57055748The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV — the postponed Project Trinity — and an all-electric Golf hatchback.
VW passenger cars boss Thomas Schaefer says VW’s roof is on fire in a meeting with senior leaders, citing the company’s need to overhaul its “complex, slow, and inflexible” processes.
VW still hasn’t really proved itself in electrics due to decreased demand.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57055748Wed, 04 Oct 2023 09:38:23 +0000Africa Business RadioVolkswagen’s $2.1 billion plan to launch a dedicated electric-vehicle factory in Wolfsburg, Germany is kaput. The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV —...The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV — the postponed Project Trinity — and an all-electric Golf hatchback.
VW passenger cars boss Thomas Schaefer says VW’s roof is on fire in a meeting with senior leaders, citing the company’s need to overhaul its “complex, slow, and inflexible” processes.
VW still hasn’t really proved itself in electrics due to decreased demand.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,business,germany,tech_news,volkswagenfalsefullhttps://www.spreaker.com/episode/kenya-fines-two-digital-lenders-20-000-for-abusing-user-data--57055753The Office of the Data Protection Commissioner has fined three entities a total of KES 9.3 million in a move set to further enforce sanity in the online lending space in the country. Mulla Pride Ltd, which operates two online credit platforms, KeCredit and Faircash, has received a KES 2.9 million million penalty.
The ODPC, the company used personal contact information from third parties to shame borrowers into paying their loans.
The two lenders – KeCredit and Faircash – do not appear in the approved list by the Central Bank of Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57055753Wed, 04 Oct 2023 09:32:15 +0000Africa Business RadioSome digital lenders have resumed harassing borrowers on their platform, even in cases where laws protect them against personal data abuse. The Office of the Data Protection Commissioner has fined three entities a total of KES 9.3 million in a move...The Office of the Data Protection Commissioner has fined three entities a total of KES 9.3 million in a move set to further enforce sanity in the online lending space in the country. Mulla Pride Ltd, which operates two online credit platforms, KeCredit and Faircash, has received a KES 2.9 million million penalty.
The ODPC, the company used personal contact information from third parties to shame borrowers into paying their loans.
The two lenders – KeCredit and Faircash – do not appear in the approved list by the Central Bank of Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-joins-pan-african-payments-and-settlement-system--57055749The service was launched in January 2022 and is currently used by commercial banks and payment service providers in nine African countries: Nigeria, Ghana, Liberia, Guinea, Sierra Leone, The Gambia, Djibouti, Zimbabwe, and Zambia.
Kenya became the tenth country to join the service.
Trade Secretary Moses Kuria noted that the Central Bank of Kenya had signed the agreement and completed all the necessary formalities.
Kenyan companies can trade with their peers from other African member states using our local currencies, a major boost for the African Continental Free Trade Area

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57055749Wed, 04 Oct 2023 09:29:38 +0000Africa Business RadioKenya has officially joined the Pan African Payments and Settlement System. The service was launched in January 2022 and is currently used by commercial banks and payment service providers in nine African countries: Nigeria, Ghana, Liberia, Guinea,...The service was launched in January 2022 and is currently used by commercial banks and payment service providers in nine African countries: Nigeria, Ghana, Liberia, Guinea, Sierra Leone, The Gambia, Djibouti, Zimbabwe, and Zambia.
Kenya became the tenth country to join the service.
Trade Secretary Moses Kuria noted that the Central Bank of Kenya had signed the agreement and completed all the necessary formalities.
Kenyan companies can trade with their peers from other African member states using our local currencies, a major boost for the African Continental Free Trade Area

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,kenya,pan_african_payment,tech_newsfalsefullhttps://www.spreaker.com/episode/indrive-in-talks-with-regulators-as-botswana-taxi-association-calls-for-its-ban--57055750The taxi association claimed that inDrive, launched in Botswana in December 2019, is operating without the necessary licences.
The taxi association argues that inDrive operators should be subject to the same regulations; the DRTS confirmed that it is investigating the complaint.
InDrive says that it is aware of the complaints levelled against the service. Vincent Lilane, the company’s business development rep for Southern Africa, says the Ministry of Transport in Botswana currently does not have a specific registration requirement for companies operating under this particular mobility category.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57055750Wed, 04 Oct 2023 09:19:48 +0000Africa Business RadioinDrive has responded to calls for its banning in Botswana following complaints by local public transport operators. The taxi association claimed that inDrive, launched in Botswana in December 2019, is operating without the necessary licences. The...The taxi association claimed that inDrive, launched in Botswana in December 2019, is operating without the necessary licences.
The taxi association argues that inDrive operators should be subject to the same regulations; the DRTS confirmed that it is investigating the complaint.
InDrive says that it is aware of the complaints levelled against the service. Vincent Lilane, the company’s business development rep for Southern Africa, says the Ministry of Transport in Botswana currently does not have a specific registration requirement for companies operating under this particular mobility category.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,botswana,indrive,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-to-partner-with-india-to-drive-digital-economy-growth--57055752Nigeria’s minister of communications, innovation, and digital economy, Bosun Tijani—underscored the importance of leveraging India’s vast expertise in digital technologies to bolster Nigeria’s digital economy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57055752Wed, 04 Oct 2023 09:15:38 +0000Africa Business RadioThe Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, met with M.M. Tripathi, the Director-General of India’s National Institute of Electronics and Information Technology on the sidelines of the G20...Nigeria’s minister of communications, innovation, and digital economy, Bosun Tijani—underscored the importance of leveraging India’s vast expertise in digital technologies to bolster Nigeria’s digital economy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,digital_growth,india,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/momo-app-launches-remittances-and-payments-in-south-africa--57055751The services will enable MTN users to send cash abroad and businesses to accept payments at a 4% service fee, which the company claims is half of what incumbents currently charge.
It has partnered with fintech platform Clicksendnow to provide the service in Zambia, Ghana, Cameroon, Rwanda, Uganda, Ivory Coast, Liberia, Congo-Brazzaville, Benin, Guinea Conakry and Guinea Bissau.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/57055751Wed, 04 Oct 2023 09:11:15 +0000Africa Business RadioMTN has launched payments and remittance features within its MoMo app, doubling down on its fintech and mobile money play in South Africa. The services will enable MTN users to send cash abroad and businesses to accept payments at a 4% service fee,...The services will enable MTN users to send cash abroad and businesses to accept payments at a 4% service fee, which the company claims is half of what incumbents currently charge.
It has partnered with fintech platform Clicksendnow to provide the service in Zambia, Ghana, Cameroon, Rwanda, Uganda, Ivory Coast, Liberia, Congo-Brazzaville, Benin, Guinea Conakry and Guinea Bissau.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,momo_app,mtn,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-signs-60-million-deal-with-the-us--56926164The agreement, known as the “Kenya Urban Mobility and Growth Threshold Program,” will support four mobility projects: the Integrated Transport Planning project, the First and Last Mile Connections project, the Detailed Land Use project, and the Bus Rapid Transit project.
The US will also finance the purchase of climate-friendly vehicles powered by electricity, hybrid, and biodiesel for the BRT network.
Kenya is committed to transitioning fully to zero-emission vehicles by 2040. So it has been welcoming a lot of mobility startups that are providing motorcycles, cars, shuttles, and buses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56926164Wed, 27 Sep 2023 08:55:18 +0000Africa Business RadioThe United States Millennium Challenge Corporation has signed a $60 million deal with Kenya. The agreement, known as the “Kenya Urban Mobility and Growth Threshold Program,” will support four mobility projects: the Integrated Transport Planning...The agreement, known as the “Kenya Urban Mobility and Growth Threshold Program,” will support four mobility projects: the Integrated Transport Planning project, the First and Last Mile Connections project, the Detailed Land Use project, and the Bus Rapid Transit project.
The US will also finance the purchase of climate-friendly vehicles powered by electricity, hybrid, and biodiesel for the BRT network.
Kenya is committed to transitioning fully to zero-emission vehicles by 2040. So it has been welcoming a lot of mobility startups that are providing motorcycles, cars, shuttles, and buses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,business,investment,kenya,tech_news,u.sfalsefullhttps://www.spreaker.com/episode/nigeria-pushes-for-tech-startups-listing-on-exchange-board--56926168The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, called for more investments in these startups, saying Nigeria has been too cosy with oil, and it’s time to spice things up and boost productivity in other sectors.
He stated that his ministry will work to make this happen by creating fintech-friendly regulations, facilitating access to funding, improving digital infrastructure, and supporting the export of tech products and services—all factors that will enhance startups’ scalability and profitability.
The NGX has also promised to further soften listing rules and improve the board for startups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56926168Wed, 27 Sep 2023 08:55:04 +0000Africa Business RadioThe Nigerian government, through the Ministry of Communications, Innovation, and Digital Economy, plans to team up with the Nigerian Exchange Limited to encourage startups to go public on the new NGX Technology Board. The Minister of Communications,...The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, called for more investments in these startups, saying Nigeria has been too cosy with oil, and it’s time to spice things up and boost productivity in other sectors.
He stated that his ministry will work to make this happen by creating fintech-friendly regulations, facilitating access to funding, improving digital infrastructure, and supporting the export of tech products and services—all factors that will enhance startups’ scalability and profitability.
The NGX has also promised to further soften listing rules and improve the board for startups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,nigeria,startup,stock_exchange,tech_newsfalsefullhttps://www.spreaker.com/episode/east-africa-records-51-private-equity-exits-in-a-decade--56926169Per the East Africa Venture Capital Association, a total of 478 deals worth $8.6 billion closed over the past decade. The region also recorded a jump in exit activity in FY 2022, marking the highest numbers in a decade.
The financial services sector recorded 14 exits, while the healthcare and energy sectors had nine and seven exits, respectively.
Kenya led with 36 exits, followed by Uganda with eight, and Rwanda with three. Tanzania and Ethiopia reported two and one exit, respectively.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56926169Wed, 27 Sep 2023 08:53:56 +0000Africa Business RadioEast Africa’s private equity market has experienced significant growth in recent years. Per the East Africa Venture Capital Association, a total of 478 deals worth $8.6 billion closed over the past decade. The region also recorded a jump in exit...Per the East Africa Venture Capital Association, a total of 478 deals worth $8.6 billion closed over the past decade. The region also recorded a jump in exit activity in FY 2022, marking the highest numbers in a decade.
The financial services sector recorded 14 exits, while the healthcare and energy sectors had nine and seven exits, respectively.
Kenya led with 36 exits, followed by Uganda with eight, and Rwanda with three. Tanzania and Ethiopia reported two and one exit, respectively.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,east_africa,investment,private_equity,tech_newsfalsefullhttps://www.spreaker.com/episode/amazon-to-invest-4-billion-in-ai-startup-anthropic--56926163The e-commerce group says it will initially invest $1.25 billion for a minority stake in Anthropic also operates an AI-powered, text-analyzing chatbot.
Amazon says it has an option to increase its investment in Anthropic to a total of $4 billion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56926163Wed, 27 Sep 2023 08:51:35 +0000Africa Business RadioAmazon has agreed to invest up to $4 billion in the AI startup Anthropic as the e-commerce group steps up rivalry against Microsoft, Meta, Google and Nvidia in the fast-growing sector that many technologists believe could be the next great frontier....The e-commerce group says it will initially invest $1.25 billion for a minority stake in Anthropic also operates an AI-powered, text-analyzing chatbot.
Amazon says it has an option to increase its investment in Anthropic to a total of $4 billion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,ai,amazon,investment,tech_newsfalsefullhttps://www.spreaker.com/episode/california-governor-vetoes-bill-to-ban-driverless-av-trucks--56926165The win for the autonomous trucking industry comes after the California Senate passed the bill in mid-September.
The bill would have effectively banned driverless autonomous heavy-duty trucks from operating in the way they were designed.
Companies have to go through many rounds of permits in order to test and deploy in the state, per the rules set out by the California Department of Motor Vehicles.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56926165Mon, 25 Sep 2023 15:24:44 +0000Africa Business RadioCalifornia Gov. Gavin Newsom vetoed a bill that would have required a human safety operator to be present any time a self-driving truck operated on public roads in the state. The win for the autonomous trucking industry comes after the California...The win for the autonomous trucking industry comes after the California Senate passed the bill in mid-September.
The bill would have effectively banned driverless autonomous heavy-duty trucks from operating in the way they were designed.
Companies have to go through many rounds of permits in order to test and deploy in the state, per the rules set out by the California Department of Motor Vehicles.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,california,tech_newsfalsefullhttps://www.spreaker.com/episode/eskom-warns-of-worse-loadshedding-in-2024--56840562Eskom’s Week 36 system status report that the South African power utility projects that over the next 52-week period, rolling blackouts, known as load-shedding, will be much worse than it has ever been.
The report states that electricity generation capabilities will fail to meet the demand for all 52 weeks, the first time in the 15 years of load-shedding that this will happen.
The projection comes at a time when South Africa’s high-ranking officials have been promising less load-shedding in the coming months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56840562Wed, 20 Sep 2023 07:32:34 +0000Africa Business RadioSouth Africa’s electricity utility Eskom has stated that loadshedding is projected to be worse than it has ever been over the next 52-week period. Eskom’s Week 36 system status report that the South African power utility projects that over the next...Eskom’s Week 36 system status report that the South African power utility projects that over the next 52-week period, rolling blackouts, known as load-shedding, will be much worse than it has ever been.
The report states that electricity generation capabilities will fail to meet the demand for all 52 weeks, the first time in the 15 years of load-shedding that this will happen.
The projection comes at a time when South Africa’s high-ranking officials have been promising less load-shedding in the coming months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,eskom,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/justice-dept-official-will-not-exit-google-advertising-case--56840563Google asked the Justice Department to consider requiring Jonathan Kanter, assistant attorney general in charge of antitrust, to recuse himself because of his work for a long list of Google critics.
The government has argued that Google should be forced to sell its ad manager suite. Google has denied any wrongdoing. The Justice Department filed the advertising lawsuit in January in Arlington, Virginia, along with eight states, and nine other states joined in April.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56840563Wed, 20 Sep 2023 07:32:07 +0000Africa Business RadioU.S. District Judge Leonie Brinkema declined to order a Justice Department official to stay out of the government's advertising antitrust lawsuit against Google but said the department should think about it. Google asked the Justice Department to...Google asked the Justice Department to consider requiring Jonathan Kanter, assistant attorney general in charge of antitrust, to recuse himself because of his work for a long list of Google critics.
The government has argued that Google should be forced to sell its ad manager suite. Google has denied any wrongdoing. The Justice Department filed the advertising lawsuit in January in Arlington, Virginia, along with eight states, and nine other states joined in April.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,google,tech_newsfalsefullhttps://www.spreaker.com/episode/alibaba-plans-to-invest-2-billion-in-turkey--56840571Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company's Turkish unit. It did not specify when the investment would be made.
Evans says Alibaba has invested $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best-known e-commerce platforms.
Evans shared details about new investments such as a data centre and a logistics centre in Ankara and an export operation centre at Istanbul Airport.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56840571Wed, 20 Sep 2023 07:31:27 +0000Africa Business RadioChinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the...Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company's Turkish unit. It did not specify when the investment would be made.
Evans says Alibaba has invested $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best-known e-commerce platforms.
Evans shared details about new investments such as a data centre and a logistics centre in Ankara and an export operation centre at Istanbul Airport.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,alibaba,china,investment,tech_news,turkeyfalsefullhttps://www.spreaker.com/episode/tiktok-fined-345-million-euros-over-children-s-data-in-europe--56840572Ireland's Data Protection Commissioner says the Chinese-owned short-video platform breached a number of EU privacy laws between July 31, 2020, and Dec. 31, 2020.
The DPC says TikTok's breaches included how in 2020 accounts for users under the age of 16 were set to "public" by default and that TikTok did not verify whether a user was actually a child user's parent or guardian when linked through the "family pairing" feature.
TikTok says it plans to further update its privacy materials to make the differences between public and private accounts clearer and that a private account will be pre-selected for new 16-17-year-old users when they register for the app from later this month.
The DPC gave TikTok three months to bring all its processing into compliance where infringements were found.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56840572Wed, 20 Sep 2023 07:30:47 +0000Africa Business RadioTikTok has been fined 345 million euros for breaching privacy laws regarding the processing of children's personal data in the European Union. Ireland's Data Protection Commissioner says the Chinese-owned short-video platform breached a number of EU...Ireland's Data Protection Commissioner says the Chinese-owned short-video platform breached a number of EU privacy laws between July 31, 2020, and Dec. 31, 2020.
The DPC says TikTok's breaches included how in 2020 accounts for users under the age of 16 were set to "public" by default and that TikTok did not verify whether a user was actually a child user's parent or guardian when linked through the "family pairing" feature.
TikTok says it plans to further update its privacy materials to make the differences between public and private accounts clearer and that a private account will be pre-selected for new 16-17-year-old users when they register for the app from later this month.
The DPC gave TikTok three months to bring all its processing into compliance where infringements were found.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa_business_radio,data_protection,europe,tech_news,tiktokfalsefullhttps://www.spreaker.com/episode/kenyan-mobile-money-provider-safaricom-to-integrate-apple-pay--56840561M-Pesa executed a similar move by integrating with the American payment platform PayPal, enabling customers to deposit funds from M-PESA into the American payment system.
Users had the option to transfer funds from PayPal into their M-PESA accounts.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56840561Wed, 20 Sep 2023 07:30:21 +0000Africa Business RadioKenyan mobile money provider Safaricom is working on a partnership with Apple Inc. to integrate MPESA. M-Pesa executed a similar move by integrating with the American payment platform PayPal, enabling customers to deposit funds from M-PESA into the...M-Pesa executed a similar move by integrating with the American payment platform PayPal, enabling customers to deposit funds from M-PESA into the American payment system.
Users had the option to transfer funds from PayPal into their M-PESA accounts.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>67africa_business_radio,apple_pay,kenya,mobile_money,safaricom,tech_newsfalsefullhttps://www.spreaker.com/episode/ethiopia-introduces-digital-ids--56765351The government initiated Fayda ID enrollment last year, and since then, over 1.4 million Ethiopians have registered. Fayda IDs will incorporate biometric information, ensuring secure access to various public services and streamlined identity verification when opening new bank accounts.
Notably, the National Bank of Ethiopia, the nation’s central bank, will use Fayda as the primary ID for banking operations.
This ID system will rely on unique personal identifiers using iris and facial biometrics along with fingerprint identification.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56765351Wed, 13 Sep 2023 10:44:07 +0000Africa Business RadioEthiopia has partnered with Madras Security Printers Private Limited to produce new digital IDs, known as Fayda, for its 120 million people. The government initiated Fayda ID enrollment last year, and since then, over 1.4 million Ethiopians have...The government initiated Fayda ID enrollment last year, and since then, over 1.4 million Ethiopians have registered. Fayda IDs will incorporate biometric information, ensuring secure access to various public services and streamlined identity verification when opening new bank accounts.
Notably, the National Bank of Ethiopia, the nation’s central bank, will use Fayda as the primary ID for banking operations.
This ID system will rely on unique personal identifiers using iris and facial biometrics along with fingerprint identification.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,ethiopia,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-s-new-product-swap-to-solve-nigeria-s-fx-problems--56765352The fintech is leveraging a partnership with Wema Bank, a commercial bank, and Kadavra BDC, a bureau de change, to provide liquidity and foreign exchange for the product.
Mr Folashodun Shonubi, the acting governor of the CBN, says that Swap could solve two major problems facing Nigeria’s foreign exchange market: the lack of collaboration between institutions and the dependence on cash.
Flutterwave will leverage its International Money Transfer Operator license from the CBN to bring in the foreign currency, Kadavra will use its BDC license to sell it, and Wema Bank will support the entire process.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56765352Wed, 13 Sep 2023 10:40:48 +0000Africa Business RadioFlutterwave has launched Swap, a new product that will digitise the process of getting foreign exchange for Nigerians with the backing of the CBN. The fintech is leveraging a partnership with Wema Bank, a commercial bank, and Kadavra BDC, a bureau de...The fintech is leveraging a partnership with Wema Bank, a commercial bank, and Kadavra BDC, a bureau de change, to provide liquidity and foreign exchange for the product.
Mr Folashodun Shonubi, the acting governor of the CBN, says that Swap could solve two major problems facing Nigeria’s foreign exchange market: the lack of collaboration between institutions and the dependence on cash.
Flutterwave will leverage its International Money Transfer Operator license from the CBN to bring in the foreign currency, Kadavra will use its BDC license to sell it, and Wema Bank will support the entire process.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,flutterwave,fx,nigeria,swap,tech_newsfalsefullhttps://www.spreaker.com/episode/starlink-limits-ukraine-s-access-to-prevent-attack-on-russia--56765353The billionaire claims the decision was made to avoid being complicit in a major act of war,but it also raises serious questions regarding the role of oligarchs in military matters.
Musk says when Ukraine made an emergency request to activate it, he refused, and the drones lost connectivity and washed ashore harmlessly, obviously leaving the Russian ships untouched.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56765353Wed, 13 Sep 2023 10:36:25 +0000Africa Business RadioElon Musk has confirmed that he in essence scuttled a Ukrainian military strike on Russia by refusing to allow Starlink to be used in the process. The billionaire claims the decision was made to avoid being complicit in a major act of war,but it also...The billionaire claims the decision was made to avoid being complicit in a major act of war,but it also raises serious questions regarding the role of oligarchs in military matters.
Musk says when Ukraine made an emergency request to activate it, he refused, and the drones lost connectivity and washed ashore harmlessly, obviously leaving the Russian ships untouched.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>73africa_business_radio,russia,starlink,tech_news,ukrainefalsefullhttps://www.spreaker.com/episode/flutterwave-expands-into-india--56765354IndusInd Bank boasts an impressive 35 million customers. This strategic alliance is all about connecting Flutterwave which already has a firm footing in 30 African countries to the economic powerhouse that is India.
Flutterwave has been on a roll, securing a payment services license in Egypt in June and obtaining name approval for its remittance business in August.
Flutterwave edging closer to acquiring a money remittance license from the Central Bank of Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56765354Wed, 13 Sep 2023 10:34:15 +0000Africa Business RadioFlutterwave is teaming up with India’s IndusInd Bank to launch its Send App remittance product right into the heart of India. IndusInd Bank boasts an impressive 35 million customers. This strategic alliance is all about connecting Flutterwave which...IndusInd Bank boasts an impressive 35 million customers. This strategic alliance is all about connecting Flutterwave which already has a firm footing in 30 African countries to the economic powerhouse that is India.
Flutterwave has been on a roll, securing a payment services license in Egypt in June and obtaining name approval for its remittance business in August.
Flutterwave edging closer to acquiring a money remittance license from the Central Bank of Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89afric_business_radio,flutterwave,india,tech_newsfalsefullhttps://www.spreaker.com/episode/california-s-new-law-forces-firms-to-report-diversity-metrics--56765355The bill requires venture capital firms operating in California to report the diversity breakdown of the founders they fund to the state; this includes reporting on the gender and ethnic and racial background of the founders, in addition to the dollar amount given to them.
Senator Nancy Skinner, the bill’s sponsor, says that she’s very optimistic that Newsom will sign the bill.
Founder and tech activist Allison Byers, who helped ideate and draft SB 54, says bills like this have precedence in California.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56765355Wed, 13 Sep 2023 10:29:36 +0000Africa Business RadioCalifornia is set to pass the country’s first legislation that aims to increase diversity in venture capital. The bill requires venture capital firms operating in California to report the diversity breakdown of the founders they fund to the state;...The bill requires venture capital firms operating in California to report the diversity breakdown of the founders they fund to the state; this includes reporting on the gender and ethnic and racial background of the founders, in addition to the dollar amount given to them.
Senator Nancy Skinner, the bill’s sponsor, says that she’s very optimistic that Newsom will sign the bill.
Founder and tech activist Allison Byers, who helped ideate and draft SB 54, says bills like this have precedence in California.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,california,diversity_metrics,law,tech_newsfalsefullhttps://www.spreaker.com/episode/google-requires-ai-disclosure-in-political-ads--56765356The search giant announced on Wednesday that all verified election advertisers are to tell people if their ads use artificial intelligence (AI) in campaign content.
Starting mid-November, election advertisers must tell people if their ads use artificial intelligence (AI) to create images, videos, or audio that look real. T
his disclosure must be clear and obvious, and it must be placed where people are likely to see it. This policy will apply to all ads that are created or manipulated using AI, including ads that appear on Google’s search engine, YouTube, and other platforms.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56765356Wed, 13 Sep 2023 10:24:21 +0000Africa Business RadioGoogle is updating its political content policy to include a new mandate. The search giant announced on Wednesday that all verified election advertisers are to tell people if their ads use artificial intelligence (AI) in campaign content. Starting...The search giant announced on Wednesday that all verified election advertisers are to tell people if their ads use artificial intelligence (AI) in campaign content.
Starting mid-November, election advertisers must tell people if their ads use artificial intelligence (AI) to create images, videos, or audio that look real. T
his disclosure must be clear and obvious, and it must be placed where people are likely to see it. This policy will apply to all ads that are created or manipulated using AI, including ads that appear on Google’s search engine, YouTube, and other platforms.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88ads,africa_business_radio,ai,google,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-considers-regulatory-sandboxes-for-emerging-technologies--56765357The CA has suggested establishing regulatory sandboxes to oversee new technologies like digital currencies. A regulatory sandbox is used to assess technological services under supervision before they are fully integrated into the regulatory framework to ensure compliance and assess potential risks.
WorldCoin’s activities have raised concerns about data privacy and compliance with existing laws.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56765357Wed, 13 Sep 2023 10:20:55 +0000Africa Business RadioKenya’s Communications Authority is addressing the regulatory challenges of emerging technologies. The CA has suggested establishing regulatory sandboxes to oversee new technologies like digital currencies. A regulatory sandbox is used to assess...The CA has suggested establishing regulatory sandboxes to oversee new technologies like digital currencies. A regulatory sandbox is used to assess technological services under supervision before they are fully integrated into the regulatory framework to ensure compliance and assess potential risks.
WorldCoin’s activities have raised concerns about data privacy and compliance with existing laws.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>73africa_business_radio,kenya,sandboxes,tech_news,technology,worldcoinfalsefullhttps://www.spreaker.com/episode/kenya-to-ban-tiktok-live--56765358Kenya’s House of Assembly received a petition from a concerned citizen calling for a TikTok ban due to the trend of explicit sexual content on the platform.
President Ruto however says an outright ban is not the solution, considering many Kenyans are building careers through content creation.
He told TikTok to enhance content moderation on the platform.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56765358Wed, 13 Sep 2023 10:17:46 +0000Africa Business RadioThe Kenyan Film Classification Board urged TikTok to disable the live feature to stop the growing trend of content creators making explicit sexual content on TikTok Lives at night. Kenya’s House of Assembly received a petition from a concerned...Kenya’s House of Assembly received a petition from a concerned citizen calling for a TikTok ban due to the trend of explicit sexual content on the platform.
President Ruto however says an outright ban is not the solution, considering many Kenyans are building careers through content creation.
He told TikTok to enhance content moderation on the platform.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa_business_radio,kenya,social_media,tech_news,tiktokfalsefullhttps://www.spreaker.com/episode/apple-backed-globalstar-signs-64m-launch-contract-with-spacex--56687632The launches, which are scheduled for 2025, will send at least 17 new satellites to low Earth orbit to replenish Globalstar’s existing constellation.
Globalstar entered into a $327 million purchase agreement with MDA for those satellites in February last year, with Rocket Lab acting as subcontractor supplying the spacecraft chassis.
Apple is reimbursing Globalstar for 95% of the capital expenditures related to the satellites, including the launch costs.
The consumer hardware giant also agreed to provide $252 million in funding for the upfront costs associated with replenishing the satellite constellation, as well as money to improve the satellite operator’s ground station network.
In return, Apple said it would use 85% of Globalstar’s network capacity to provide emergency satellite connectivity for iPhones outside of cellular networks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56687632Wed, 06 Sep 2023 09:54:18 +0000Africa Business RadioGlobalstar, a satellite network operator backed by Apple, has purchased launches from SpaceX worth $64 million. The launches, which are scheduled for 2025, will send at least 17 new satellites to low Earth orbit to replenish Globalstar’s existing...The launches, which are scheduled for 2025, will send at least 17 new satellites to low Earth orbit to replenish Globalstar’s existing constellation.
Globalstar entered into a $327 million purchase agreement with MDA for those satellites in February last year, with Rocket Lab acting as subcontractor supplying the spacecraft chassis.
Apple is reimbursing Globalstar for 95% of the capital expenditures related to the satellites, including the launch costs.
The consumer hardware giant also agreed to provide $252 million in funding for the upfront costs associated with replenishing the satellite constellation, as well as money to improve the satellite operator’s ground station network.
In return, Apple said it would use 85% of Globalstar’s network capacity to provide emergency satellite connectivity for iPhones outside of cellular networks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,globalstar,spacex,tech_newsfalsefullhttps://www.spreaker.com/episode/tesla-decreases-the-price-of-fsd-beta-to-12-000--56687627The 20% cut brings the cost of FSD down to $12,000 in North America.
The automaker charges $6,000 for what it calls “Enhanced Autopilot,” which introduces some extras to help with parking, as well as pulling the vehicle out of tight spots via a smartphone app.
Tesla owners can buy FSD, which includes all the enhanced autopilot features as well as the ability to detect and (ideally) stop at traffic lights and stop signs.
Tesla recalled its FSD software and temporarily paused new and pending installations back in February.
The National Highway Traffic Safety Administration has since raised safety concerns about FSD, which Tesla intends to eventually license to other automakers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56687627Wed, 06 Sep 2023 09:49:52 +0000Africa Business RadioTesla just chopped $3,000 off the price of its “full self-driving” beta software. The 20% cut brings the cost of FSD down to $12,000 in North America. The automaker charges $6,000 for what it calls “Enhanced Autopilot,” which introduces some extras...The 20% cut brings the cost of FSD down to $12,000 in North America.
The automaker charges $6,000 for what it calls “Enhanced Autopilot,” which introduces some extras to help with parking, as well as pulling the vehicle out of tight spots via a smartphone app.
Tesla owners can buy FSD, which includes all the enhanced autopilot features as well as the ability to detect and (ideally) stop at traffic lights and stop signs.
Tesla recalled its FSD software and temporarily paused new and pending installations back in February.
The National Highway Traffic Safety Administration has since raised safety concerns about FSD, which Tesla intends to eventually license to other automakers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>99africa_business_radio,fsd_beta,tech_news,teslafalsefullhttps://www.spreaker.com/episode/the-us-considers-implementing-a-robot-tax--56687625Arnaud Costinot and Iván Werning say their findings suggest that taxes on either robots or imported goods should be pretty small.
Costinot says Although robots have an effect on income inequality they still lead to optimal taxes that are modest
Prominent figures, including Bill Gates and Bernie Sanders, have called for some form of taxation over the years.
Gates cited, among other things, a broad, simultaneous displacement of jobs across a spectrum of industries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56687625Wed, 06 Sep 2023 09:45:31 +0000Africa Business RadioMIT economists Arnaud Costinot and Iván Werning discuss the potential impact a proposed 'robot tax' could have on automation and jobs Arnaud Costinot and Iván Werning say their findings suggest that taxes on either robots or imported goods should be...Arnaud Costinot and Iván Werning say their findings suggest that taxes on either robots or imported goods should be pretty small.
Costinot says Although robots have an effect on income inequality they still lead to optimal taxes that are modest
Prominent figures, including Bill Gates and Bernie Sanders, have called for some form of taxation over the years.
Gates cited, among other things, a broad, simultaneous displacement of jobs across a spectrum of industries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,robot_tax,tech_news,u.sfalsefullhttps://www.spreaker.com/episode/egyptian-payments-provider-fawry-considers-digital-banking--56687628The company’s head of investor relations, Hassan Abdelgelil clarified that the decision to launch a digital bank is yet to be finalised.
The Central Bank of Egypt issued rules for licensing, registering, monitoring, and supervising digital banks. Like Fawry, several companies such as eFinance and Opay have shown interest in applying for a digital banking license.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56687628Wed, 06 Sep 2023 09:39:09 +0000Africa Business RadioEgyptian payments provider Fawry, will be turning its online payment portal—myFawry—into a digital bank to provide financial services including payments, consumer lending, savings, and investments, by the end of 2023. The company’s head of investor...The company’s head of investor relations, Hassan Abdelgelil clarified that the decision to launch a digital bank is yet to be finalised.
The Central Bank of Egypt issued rules for licensing, registering, monitoring, and supervising digital banks. Like Fawry, several companies such as eFinance and Opay have shown interest in applying for a digital banking license.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,digital_banking,egypt,fawry,tech_newsfalsefullhttps://www.spreaker.com/episode/blockchain-association-of-kenya-challenges-the-digital-asset-tax--56687626The Kenyan government introduced several new taxes in the Finance Act 2023, aiming to generate extra income of up to $2 billion for the country.
Since July 1, the Finance Act 2023 has been imposing a 1.5% tax on the earnings of online content creators. As for crypto, the new law mandates owners of crypto exchanges to deduct 3% of the asset’s value as DAT.
BAK believes the tax is unfair because it’s categorized as income tax, yet it’s imposed on the gross value of the asset rather than on gains and profits.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56687626Wed, 06 Sep 2023 09:35:12 +0000Africa Business RadioThe Blockchain Association of Kenya is blocking the new Digital Asset Tax. The new tax took effect on September 1, but the case will be mentioned in court on September 28. The Kenyan government introduced several new taxes in the Finance Act 2023,...The Kenyan government introduced several new taxes in the Finance Act 2023, aiming to generate extra income of up to $2 billion for the country.
Since July 1, the Finance Act 2023 has been imposing a 1.5% tax on the earnings of online content creators. As for crypto, the new law mandates owners of crypto exchanges to deduct 3% of the asset’s value as DAT.
BAK believes the tax is unfair because it’s categorized as income tax, yet it’s imposed on the gross value of the asset rather than on gains and profits.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>151africa_business_radio,blockchain,digital_tax,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/zimbabwe-bans-starlink--56687630The government warned that it is illegal to use or resell the service in the southern African country.
Starlink is supposed to either get a direct license from the Postal and Telecommunications Regulatory Authority of Zimbabwe, buddy up with a registered public network in the country or make their users apply for private network licenses
Starlink is also illegal in South Africa as the country’s telecommunication regulator banned the importation, distribution and usage of Starlink services, pending the operators satisfying licensing requirements to launch the service.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56687630Wed, 06 Sep 2023 09:32:28 +0000Africa Business RadioThe satellite internet provider hasn’t officially launched in Zimbabwe yet, but that hasn’t stopped some enterprising folks from getting their hands on it. The government warned that it is illegal to use or resell the service in the southern African...The government warned that it is illegal to use or resell the service in the southern African country.
Starlink is supposed to either get a direct license from the Postal and Telecommunications Regulatory Authority of Zimbabwe, buddy up with a registered public network in the country or make their users apply for private network licenses
Starlink is also illegal in South Africa as the country’s telecommunication regulator banned the importation, distribution and usage of Starlink services, pending the operators satisfying licensing requirements to launch the service.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>122africa_business_radio,starlink,tech_news,zimbabwefalsefullhttps://www.spreaker.com/episode/nigerian-state-moves-to-paperless-civil-service-to-simplify-work-processes--56687629Edo State has officially transitioned to a paperless mode of communication in its civil service—the first Nigerian state to do so.
The state governor, Godwin Obaseki directed his office to reject physical files from any ministry, department, or government agency.
Edo is betting that its automation of work processes will reduce backlog and free up government resources.
A former media aide to the state government says about six million documents have been archived digitally and the goal is for state operations, including interface with the public, to be initiated and completed online.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56687629Wed, 06 Sep 2023 09:27:50 +0000Africa Business RadioEdo has made a full transition to a paperless mode of communication in its civil service as part of its move to become Nigeria’s first fully e-governed state, Edo State has officially transitioned to a paperless mode of communication in its civil...Edo State has officially transitioned to a paperless mode of communication in its civil service—the first Nigerian state to do so.
The state governor, Godwin Obaseki directed his office to reject physical files from any ministry, department, or government agency.
Edo is betting that its automation of work processes will reduce backlog and free up government resources.
A former media aide to the state government says about six million documents have been archived digitally and the goal is for state operations, including interface with the public, to be initiated and completed online.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>124africa_business_radio,digitalisation,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/china-s-xpeng-buys-ride-hailing-giant-didi-s-smart-ev-assets-for-744m--56625567Didi says the duo is forming a strategic partnership to “promote the global application of smart electric vehicles and technologies.”
The Didi assets will become a new sub-brand called “Mona” under Xpeng, which is scheduled to launch in 2024.
The partnership also extends to areas including marketing, financial insurance services, charging and international expansion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56625567Tue, 29 Aug 2023 19:55:00 +0000Africa Business RadioChinese electric vehicle upstart Xpeng is acquiring the smart EV assets of ride-hailing giant Didi for $744 million, marking another significant alliance that the Tesla challenger has struck in recent months. Didi says the duo is forming a strategic...Didi says the duo is forming a strategic partnership to “promote the global application of smart electric vehicles and technologies.”
The Didi assets will become a new sub-brand called “Mona” under Xpeng, which is scheduled to launch in 2024.
The partnership also extends to areas including marketing, financial insurance services, charging and international expansion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,china,didi,telsa,xpengfalsefullhttps://www.spreaker.com/episode/moniepoint-gets-regulatory-approval-to-acquire-kenyan-credit-startup-kopo-kopo--56625564The Competition Authority of Kenya has provided clarity by announcing that Moniepoint Inc. can now acquire Kopo Kopo.
The CAK oversees competition-related matters for transactions exceeding KES 1 billion, which means that the acquisition was the same or exceeded this amount.
Moniepoint Inc. says they have been vocal about their interest in Kenya as part of our mission to provide financial happiness for people across Africa.
This approval has been granted based on two key considerations during the merger analysis; first, the transaction is unlikely to negatively impact competition in the market for digital credit; and second, the transaction will not elicit negative public interest concerns.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56625564Tue, 29 Aug 2023 19:43:51 +0000Africa Business RadioMoniepoint may extend its presence beyond Nigeria after getting approval to acquire Kenya’s payments and credit startup, Kopo Kopo. The Competition Authority of Kenya has provided clarity by announcing that Moniepoint Inc. can now acquire Kopo Kopo....The Competition Authority of Kenya has provided clarity by announcing that Moniepoint Inc. can now acquire Kopo Kopo.
The CAK oversees competition-related matters for transactions exceeding KES 1 billion, which means that the acquisition was the same or exceeded this amount.
Moniepoint Inc. says they have been vocal about their interest in Kenya as part of our mission to provide financial happiness for people across Africa.
This approval has been granted based on two key considerations during the merger analysis; first, the transaction is unlikely to negatively impact competition in the market for digital credit; and second, the transaction will not elicit negative public interest concerns.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,kenya,kopo_kopo,moniepoint,tech_newsfalsefullhttps://www.spreaker.com/episode/cellulant-to-lay-off-20-of-its-employees-in-organisational-restructuring--56625561Cellulant is undergoing a restructuring exercise that will impact a fifth of its workforce.
Cellulant, which operates across 19 markets, disclosed that these changes will be implemented in the coming days as the company focuses on a product-led approach that ideally creates user-centric products for growth.
The company has clarified that this strategic shift has been in development for some time and has come to mutual agreements with affected employees. Cellulant has declined to disclose the exact number of employees leaving the company.
The affected workers will be served with exit packages, alongside extended medical cover for themselves and their families.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56625561Tue, 29 Aug 2023 19:41:04 +0000Africa Business RadioCellulant is parting ways with 20% of its headcount as it focuses on becoming a product-driven company. Cellulant is undergoing a restructuring exercise that will impact a fifth of its workforce. Cellulant, which operates across 19 markets,...Cellulant is undergoing a restructuring exercise that will impact a fifth of its workforce.
Cellulant, which operates across 19 markets, disclosed that these changes will be implemented in the coming days as the company focuses on a product-led approach that ideally creates user-centric products for growth.
The company has clarified that this strategic shift has been in development for some time and has come to mutual agreements with affected employees. Cellulant has declined to disclose the exact number of employees leaving the company.
The affected workers will be served with exit packages, alongside extended medical cover for themselves and their families.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,cellulant,tech_newsfalsefullhttps://www.spreaker.com/episode/lemfi-raises-33-million-to-bring-free-remittance-payments-for-global-migrants--56625560The round was led by Left Lane Capital. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree. LemFi’s $33 million Series A means it has received just shy of $34 million since it was founded in 2019.
Most immigrants to Canada come from Asia. In the 2019 example mentioned earlier about 86,000 of the 341,000 were Indians. Less than 20,000 immigrants were Africans from Nigeria and Eritrea. The numbers are similar for people who are moving to Europe.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56625560Tue, 29 Aug 2023 19:36:33 +0000Africa Business RadioLemFi has raised $33 million in Series A funding to simplify remittance payments for immigrants globally. The round was led by Left Lane Capital. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree. LemFi’s $33...The round was led by Left Lane Capital. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree. LemFi’s $33 million Series A means it has received just shy of $34 million since it was founded in 2019.
Most immigrants to Canada come from Asia. In the 2019 example mentioned earlier about 86,000 of the 341,000 were Indians. Less than 20,000 immigrants were Africans from Nigeria and Eritrea. The numbers are similar for people who are moving to Europe.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,lemfi,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-joins-china-in-space-alliance--56625557One agreement covers human spaceflight, and the other involves the International Lunar Research Station, a plan to build a base on the moon.
The agreement is the first of its kind between the two countries and is part of China’s efforts to bolster its influence in the competition for lunar dominance against the United States and its allies.
South Africa is teaming up with China, but some African countries like Nigeria and Rwanda are working with the US. Many groups want to offer space services to African nations, and this might create divisions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56625557Tue, 29 Aug 2023 19:28:52 +0000Africa Business RadioSouth Africa and China have signed two agreements to officially work together on space cooperation during Chinese President Xi Jinping’s visit to South Africa last week. One agreement covers human spaceflight, and the other involves the International...One agreement covers human spaceflight, and the other involves the International Lunar Research Station, a plan to build a base on the moon.
The agreement is the first of its kind between the two countries and is part of China’s efforts to bolster its influence in the competition for lunar dominance against the United States and its allies.
South Africa is teaming up with China, but some African countries like Nigeria and Rwanda are working with the US. Many groups want to offer space services to African nations, and this might create divisions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,china,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/hackers-attack-south-africa-s-defence-department--56625552The South African publication MyBroadBand says that the hackers have already posted about 1.9 TB of the data they stole online.
MyBroadBand, says the information released includes contact details for senior government officials including phone numbers of South African president Cyril Ramaphosa.
The hacker group noted that it specifically released the data the same week of the BRICS Summit to spread its message that South Africa is laundering arms for the US and money for corporations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56625552Tue, 29 Aug 2023 19:25:25 +0000Africa Business RadioCyber threats against South Africa are increasing. A ransomware gang called Snatch reportedly hacked the country’s Department of Defence and stole over 200 TB of data. The South African publication MyBroadBand says that the hackers have already...The South African publication MyBroadBand says that the hackers have already posted about 1.9 TB of the data they stole online.
MyBroadBand, says the information released includes contact details for senior government officials including phone numbers of South African president Cyril Ramaphosa.
The hacker group noted that it specifically released the data the same week of the BRICS Summit to spread its message that South Africa is laundering arms for the US and money for corporations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,data_protection,hackers,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/mycoprotein-producer-enough-raises-40m-toward-doubling-its-production-capacity--56553407The company’s proprietary technology feeds fungi with sugars from renewable feedstocks and then ferments it similar to the way beer is made.
The company also boasts that Abunda is up to 15 times more efficient than protein from beef also using less feed and producing fewer carbon dioxide emissions, which is how it’s also more affordable to produce.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56553407Tue, 22 Aug 2023 10:48:11 +0000Africa Business RadioThe Scotland-based company, Enough, grabbed €40 million into doubling the output capacity of its first production site in the Netherlands, completed last September. The company’s proprietary technology feeds fungi with sugars from renewable...The company’s proprietary technology feeds fungi with sugars from renewable feedstocks and then ferments it similar to the way beer is made.
The company also boasts that Abunda is up to 15 times more efficient than protein from beef also using less feed and producing fewer carbon dioxide emissions, which is how it’s also more affordable to produce.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,mycoprotein,tech_newsfalsefullhttps://www.spreaker.com/episode/airtel-uganda-to-sell-20-of-its-shares-to-the-public--56553411The company plans to sell 20% of its shares—equivalent to 8 billion shares— to the public via an initial public offering and It will do this through its subsidiary in Uganda, Airtel Uganda Limited.
Airtel Africa stated that the offer is expected to result in significant local ownership of Airtel Uganda Ltd., prioritising Ugandan investors. Additionally, this initiative is anticipated to play a role in advancing the development of the capital markets within Uganda.
The shares will be made available to investors through conventional channels as well as the Airtel Money platform.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56553411Tue, 22 Aug 2023 10:46:47 +0000Africa Business RadioAirtel Africa has announced plans to list shares on the Uganda Securities Exchange. The company plans to sell 20% of its shares—equivalent to 8 billion shares— to the public via an initial public offering and It will do this through its subsidiary in...The company plans to sell 20% of its shares—equivalent to 8 billion shares— to the public via an initial public offering and It will do this through its subsidiary in Uganda, Airtel Uganda Limited.
Airtel Africa stated that the offer is expected to result in significant local ownership of Airtel Uganda Ltd., prioritising Ugandan investors. Additionally, this initiative is anticipated to play a role in advancing the development of the capital markets within Uganda.
The shares will be made available to investors through conventional channels as well as the Airtel Money platform.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,airtel,public_offering,shares,tech_news,ugandafalsefullhttps://www.spreaker.com/episode/kenyan-lawmakers-receives-petition-to-ban-tiktok--56553409Ndolo, says the country’s Communications Authority has failed to regulate the social media platform, which he claims is promoting violence, explicit sexual content, hate speech, and offensive behaviour among the youth.
The assembly is considering the petition but has suggested that a complete ban may be impossible due to the growing socioeconomic significance of the platform among young people.
Ndolo says that the lack of regulation and the app’s addictive nature could cause a decline in academic performance and a rise in mental health issues among Kenya’s young people.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56553409Tue, 22 Aug 2023 10:45:07 +0000Africa Business RadioKenya’s National Assembly is considering a petition to ban the social media platform, TikTok. Bob Ndolo, CEO of the digital consulting firm Bridget Connect Consultancy, submitted the petition to the assembly. Ndolo, says the country’s Communications...Ndolo, says the country’s Communications Authority has failed to regulate the social media platform, which he claims is promoting violence, explicit sexual content, hate speech, and offensive behaviour among the youth.
The assembly is considering the petition but has suggested that a complete ban may be impossible due to the growing socioeconomic significance of the platform among young people.
Ndolo says that the lack of regulation and the app’s addictive nature could cause a decline in academic performance and a rise in mental health issues among Kenya’s young people.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,kenya,social_media,tech_news,tiktokfalsefullhttps://www.spreaker.com/episode/central-bank-pardons-bureau-de-change-operators-after-two-years-freeze--56553410Nigeria’s Central Bank is ending a two-year ban on FX sales to the Bureau De Change operators in its newest move to stabilise Nigeria’s volatile FX market.
The CBN says the spread on buying and selling of FX by BDCs will fail within a range -2.5% to +2.5% of the FX window’s average rate from the previous day. The naira jumped this week, exchanging for N855/$1 on the parallel market as of Friday morning and trading at around N744 on the I&E window.
The CBN will also require BDCs to submit periodic financial reports on the Financial Institution Forex Rendition System.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56553410Tue, 22 Aug 2023 10:42:51 +0000Africa Business RadioThe Central Bank of Nigeria has shared new guidelines for the sale of FX by Bureau De Change operators in the country, ending a 25-month ban. The apex bank is hoping that the new policy will stabilise Nigeria’s FX market. Nigeria’s Central Bank is...Nigeria’s Central Bank is ending a two-year ban on FX sales to the Bureau De Change operators in its newest move to stabilise Nigeria’s volatile FX market.
The CBN says the spread on buying and selling of FX by BDCs will fail within a range -2.5% to +2.5% of the FX window’s average rate from the previous day. The naira jumped this week, exchanging for N855/$1 on the parallel market as of Friday morning and trading at around N744 on the I&E window.
The CBN will also require BDCs to submit periodic financial reports on the Financial Institution Forex Rendition System.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>146africa_business_radio,bureau_de_change,cbn,forex,fx,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-deposit-insurance-corporation-to-probe-182-bank-directors--56553406The Nigeria Deposit Insurance Corporation says that the Inter-Agency Task Force may soon be called to investigate the conduct of the directors of the 183 microfinance banks and Primary Mortgage Banks that have had their licences revoked. Notable institutions within this group are Eyowo and Purple.
Bello Hassan, the managing director and chief executive of the NDIC, also noted that the agency is already taking legal action against suspected defaulters.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56553406Tue, 22 Aug 2023 10:40:05 +0000Africa Business RadioThe Nigeria Deposit Insurance Corporation a statutory body that protects depositors’ funds, might investigate the directors of 183 banks whose licenses were revoked to determine if financial malpractice contributed to the revocation. The Nigeria...The Nigeria Deposit Insurance Corporation says that the Inter-Agency Task Force may soon be called to investigate the conduct of the directors of the 183 microfinance banks and Primary Mortgage Banks that have had their licences revoked. Notable institutions within this group are Eyowo and Purple.
Bello Hassan, the managing director and chief executive of the NDIC, also noted that the agency is already taking legal action against suspected defaulters.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,banks,finance,tech_newsfalsefullhttps://www.spreaker.com/episode/india-s-local-manufacturing-push-spurs-2-billion-mobile-unit-shipments--56484250A staggering 98% of all mobile phone shipments within the Indian market in 2022 were domestically produced and 16% of the production was exported, according to Hong Kong-headquartered market and research firm Counterpoint.
Counterpoint says it took India just two years to assemble the last 500 million smartphones and feature phones, a milestone that has cemented India’s position as the world’s second-largest mobile phone producer.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56484250Wed, 16 Aug 2023 09:25:24 +0000Africa Business RadioIndia’s ambitious push for self-sufficiency in mobile phone assembling is yielding results. India shipped 2 billion domestically assembled smartphones and feature phones between 2014 to 2022 as part of its Make in India initiative. A staggering 98%...A staggering 98% of all mobile phone shipments within the Indian market in 2022 were domestically produced and 16% of the production was exported, according to Hong Kong-headquartered market and research firm Counterpoint.
Counterpoint says it took India just two years to assemble the last 500 million smartphones and feature phones, a milestone that has cemented India’s position as the world’s second-largest mobile phone producer.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>73africa_business_radio,india,spur,tech_newsfalsefullhttps://www.spreaker.com/episode/china-reduces-screen-time-for-minors--56484249The Chinese government implemented new laws that limited the number of hours minors can spend gaming online.
Minors were barred from gaming during the weekdays, and weekend gaming was limited to three hours.
Douyin—China’s alternative to TikTok—also implemented new policies that limited the amount of time children under 14 could spend on the app to 40 minutes per day.
Internet service providers and creator platforms have been urged to create content that disseminates core socialist values and forges a sense of community of the Chinese nation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56484249Wed, 16 Aug 2023 09:18:18 +0000Africa Business RadioThe Cyber Administration of China released a new proposal that will reduce screen time for minors to two hours. The Chinese government implemented new laws that limited the number of hours minors can spend gaming online. Minors were barred from...The Chinese government implemented new laws that limited the number of hours minors can spend gaming online.
Minors were barred from gaming during the weekdays, and weekend gaming was limited to three hours.
Douyin—China’s alternative to TikTok—also implemented new policies that limited the amount of time children under 14 could spend on the app to 40 minutes per day.
Internet service providers and creator platforms have been urged to create content that disseminates core socialist values and forges a sense of community of the Chinese nation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>72africa_business_radio,china,social_media,tech_news,tiktokfalsefullhttps://www.spreaker.com/episode/safaricom-finalises-257-million-deal-with-the-international-finance-corporation--56484253The telecom finalised an agreement with the International Finance Corporation and Multilateral Investment Guarantee Agency, to receive $257.4 million in funding.
The IFC is providing a loan of $100 million to Safaricom and investing $157.4 million Ksh22.5 billion in Global Partnership for Ethiopia BV.
This investment will give the IFC a smaller ownership stake in GPE, with Safaricom PLC remaining the major shareholder.
The investment is intended to support Safaricom Ethiopia’s ongoing greenfield telecommunications project to deploy and operate 4G and 5G mobile networks across the country.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56484253Wed, 16 Aug 2023 09:16:13 +0000Africa Business RadioSafaricom Ethiopia has bagged significant funding from the World Bank’s private investment arm for its greenfield telecommunications project. The telecom finalised an agreement with the International Finance Corporation and Multilateral Investment...The telecom finalised an agreement with the International Finance Corporation and Multilateral Investment Guarantee Agency, to receive $257.4 million in funding.
The IFC is providing a loan of $100 million to Safaricom and investing $157.4 million Ksh22.5 billion in Global Partnership for Ethiopia BV.
This investment will give the IFC a smaller ownership stake in GPE, with Safaricom PLC remaining the major shareholder.
The investment is intended to support Safaricom Ethiopia’s ongoing greenfield telecommunications project to deploy and operate 4G and 5G mobile networks across the country.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,ethiopia,ifc,safaricom,tech_news,world_bankfalsefullhttps://www.spreaker.com/episode/south-africa-competition-regulator-oppose-vodacom-s-acquisition-of-maziv--56484252The competition commission of South Africa has recommended against Vodacom’s acquisition of Maziv, a holding company whose assets include fibre network operators Dark Fibre Africa and Vumatel.
The commission stated that the public interest commitments provided by the merger parties did not outweigh the competition concerns.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56484252Wed, 16 Aug 2023 09:13:44 +0000Africa Business RadioSouth Africa’s competition regulator has rejected Vodacom’s acquisition of Maziv, a holding company that owns Dark Fibre Africa, the country’s second-largest fibre network operator. The competition commission of South Africa has recommended against...The competition commission of South Africa has recommended against Vodacom’s acquisition of Maziv, a holding company whose assets include fibre network operators Dark Fibre Africa and Vumatel.
The commission stated that the public interest commitments provided by the merger parties did not outweigh the competition concerns.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,south_africa,tech_news,vodacomfalsefullhttps://www.spreaker.com/episode/nigeria-s-central-bank-publishes-audited-financial-statements-after-7-years--56484251Nigeria’s Central Bank has published its consolidated financial statements for 2015 through 2022. The apex bank has made its audited financial statements publicly available for the first time in seven years.
Weeks after Emefiele was suspended, President Tinubu appointed a special investigator to examine CBN’s operations. Jim Obazee, a former CEO of the Financial Reporting Council of Nigeria, was appointed to set up a team and lead the probe.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56484251Wed, 16 Aug 2023 09:07:26 +0000Africa Business RadioNigeria’s Central Bank has published its audited financial statement for the first time in years, weeks after President Tinubu appointed a special investigator to examine the bank. Nigeria’s Central Bank has published its consolidated financial...Nigeria’s Central Bank has published its consolidated financial statements for 2015 through 2022. The apex bank has made its audited financial statements publicly available for the first time in seven years.
Weeks after Emefiele was suspended, President Tinubu appointed a special investigator to examine CBN’s operations. Jim Obazee, a former CEO of the Financial Reporting Council of Nigeria, was appointed to set up a team and lead the probe.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,cbn,financial_report,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/mastercard-to-buy-minority-stake-in-mtn-s-fintech-unit--56484254MTN’s CEO, Ralph Mupita, says that they’re finalising the investment arrangements, The cornerstone of MTN’s fintech endeavours is its mobile money product, MoMo, which has been valued at $5.2 billion, nearly 40% of MTN’s total market capitalisation.
This follows Mastercard’s $100 million investment in Airtel Mobile Commerce BV, the holding company for Airtel Africa’s mobile money operations.
Mastercard has previously connected its virtual payment service to MTN wallets, enabling MTN customers to make international payments online without needing a bank account.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56484254Wed, 16 Aug 2023 09:02:44 +0000Africa Business RadioPayment processor Mastercard Inc. has agreed to buy a minority stake in the fintech business of MTN Group Ltd., a major telecom company in Africa. MTN’s CEO, Ralph Mupita, says that they’re finalising the investment arrangements, The cornerstone of...MTN’s CEO, Ralph Mupita, says that they’re finalising the investment arrangements, The cornerstone of MTN’s fintech endeavours is its mobile money product, MoMo, which has been valued at $5.2 billion, nearly 40% of MTN’s total market capitalisation.
This follows Mastercard’s $100 million investment in Airtel Mobile Commerce BV, the holding company for Airtel Africa’s mobile money operations.
Mastercard has previously connected its virtual payment service to MTN wallets, enabling MTN customers to make international payments online without needing a bank account.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,fintech,mastercard,mtn,tech_newsfalsefullhttps://www.spreaker.com/episode/investor-toyota-partner-pony-to-mass-produce-robotaxis-in-china--56411222The two companies intend to kick off their partnership sometime this year with around $139 million in capital from GAC Toyota Motor Co. — a joint venture between Toyota China and GAC, a Chinese state-owned automaker.
The investment follows Toyota’s move to pump about $400 million into Pony back in 2020.
Toyota says it’ll give Pony an unspecified number of its EVs, while Pony will outfit them with autonomous-driving tech and the firm’s robotaxi network platform.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56411222Wed, 09 Aug 2023 07:52:13 +0000Africa Business RadioAutonomous-driving company Pony.ai and Toyota say they’re teaming up with the goal of one day cranking out a bunch of fully driverless robotaxis. The two companies intend to kick off their partnership sometime this year with around $139 million in...The two companies intend to kick off their partnership sometime this year with around $139 million in capital from GAC Toyota Motor Co. — a joint venture between Toyota China and GAC, a Chinese state-owned automaker.
The investment follows Toyota’s move to pump about $400 million into Pony back in 2020.
Toyota says it’ll give Pony an unspecified number of its EVs, while Pony will outfit them with autonomous-driving tech and the firm’s robotaxi network platform.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,china,pony,robotaxi,robotaxis,tech_news,toyotafalsefullhttps://www.spreaker.com/episode/spyware-maker-letmespy-shuts-down-after-hacker-deletes-server-data--56411219LetMeSpy confirmed the “permanent shutdown” of the spyware service and that it would cease operations by the end of August.
The notice said LetMeSpy is blocking users from logging in or signing up with new accounts.
LetMeSpy’s app no longer functions, and the spyware maker’s website no longer provides the spyware app for download.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56411219Wed, 09 Aug 2023 07:47:06 +0000Africa Business RadioPoland-based spyware LetMeSpy is no longer operational and said it will shut down after a June data breach wiped out its servers, including its huge trove of data stolen from thousands of victims’ phones. LetMeSpy confirmed the “permanent shutdown”...LetMeSpy confirmed the “permanent shutdown” of the spyware service and that it would cease operations by the end of August.
The notice said LetMeSpy is blocking users from logging in or signing up with new accounts.
LetMeSpy’s app no longer functions, and the spyware maker’s website no longer provides the spyware app for download.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>67africa_business_radio,hacker,letmespy,tech_newsfalsefullhttps://www.spreaker.com/episode/senegal-s-government-suspends-internet-again-to-prevent-disturbances--56411220The minister of Communications, telecommunications, and Digital Economy, Moussa Bocar Thiam, shared on Twitter, that telephone operators were required to comply with the shutdown. Moussa Bocar Thiam says due to the dissemination of hateful and subversive messages relayed on social media in a context of disturbance to public order, the internet’s mobile data is temporarily suspended during certain time slots from Monday, July 31, 2023.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56411220Wed, 09 Aug 2023 07:43:53 +0000Africa Business RadioThe government has shut down Senegal’s internet again after an internet shutdown in June and the awarding of a 5G licence two weeks ago, following Friday’s arrest of opposition leader, Ousmane Sonko. The minister of Communications,...The minister of Communications, telecommunications, and Digital Economy, Moussa Bocar Thiam, shared on Twitter, that telephone operators were required to comply with the shutdown. Moussa Bocar Thiam says due to the dissemination of hateful and subversive messages relayed on social media in a context of disturbance to public order, the internet’s mobile data is temporarily suspended during certain time slots from Monday, July 31, 2023.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa,africa_business_radio,senegal,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-bans-binance--56411218The Commission says any member of the investing public dealing with the entity, making such solicitation is doing so at his/her own risk.
The Commission hereby warns the public that investing in crypto-assets has a high level of risk and may result in total loss of investments.
The Commission therefore urges the investing public to be wary of investing in crypto- assets and other products offered or operated by entities not registered or regulated by the Commission.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56411218Wed, 09 Aug 2023 07:38:30 +0000Africa Business RadioThe Commission again reiterates that the activities of Binance, and any such other platform through which the Company solicits investors is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal. The...The Commission says any member of the investing public dealing with the entity, making such solicitation is doing so at his/her own risk.
The Commission hereby warns the public that investing in crypto-assets has a high level of risk and may result in total loss of investments.
The Commission therefore urges the investing public to be wary of investing in crypto- assets and other products offered or operated by entities not registered or regulated by the Commission.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,binance,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-suspends-worldcoin-over-data-privacy-concerns--56411216The Kenyan government has suspended the operations of WorldCoin, a blockchain product co-founded by OpenAI’s Sam Altman.
WorldCoin also operates a crypto wallet called World App and recently began onboarding Kenyans onto its platform.
Kithure Kindiki, Kenya’s cabinet secretary for Interior and National Coordination says the Government has suspended forthwith, activities of ‘WorldCoin’ and any other entity that may be similarly engaging the people of Kenya until relevant public agencies

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56411216Wed, 09 Aug 2023 07:32:28 +0000Africa Business RadioThe Kenya government has suspended WorldCoin in Kenya after thousands of people joined long queues to scan their irises in exchange for a $54 token. The Kenyan government has suspended the operations of WorldCoin, a blockchain product co-founded by...The Kenyan government has suspended the operations of WorldCoin, a blockchain product co-founded by OpenAI’s Sam Altman.
WorldCoin also operates a crypto wallet called World App and recently began onboarding Kenyans onto its platform.
Kithure Kindiki, Kenya’s cabinet secretary for Interior and National Coordination says the Government has suspended forthwith, activities of ‘WorldCoin’ and any other entity that may be similarly engaging the people of Kenya until relevant public agencies

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,data_privacy,kenya,tech_news,worldcoinfalsefullhttps://www.spreaker.com/episode/south-africa-considers-licensing-streaming-platforms--56411221The Department of Communications and Digital Technologies released a white paper that seeks to create broader regulations for streaming services in the country.
The country became the first African country to get Disney+ and one of the few African countries in Uganda where AppleTV is available.
This proliferation means that local streaming services like MultiChoice or eTV have seen their subscribers decline in recent times.
While local streaming services face regulatory hurdles to operate in the country, international services have been exempted from obtaining a licence in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56411221Wed, 09 Aug 2023 07:29:47 +0000Africa Business RadioSouth Africa’s streaming service platform is getting bigger and the South African government is considering licensing these platforms. The Department of Communications and Digital Technologies released a white paper that seeks to create broader...The Department of Communications and Digital Technologies released a white paper that seeks to create broader regulations for streaming services in the country.
The country became the first African country to get Disney+ and one of the few African countries in Uganda where AppleTV is available.
This proliferation means that local streaming services like MultiChoice or eTV have seen their subscribers decline in recent times.
While local streaming services face regulatory hurdles to operate in the country, international services have been exempted from obtaining a licence in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,licensing,netflix,prime_video,south_africa,streaming_platform,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-president-announces-125-billion-fund-for-micro-and-small-businesses--56411217President Bola Tinubu has announced a plan to support small businesses and startups in Nigeria in response to the country’s current economic challenges. In a nationwide broadcast on Monday evening.
Tinubu disclosed that his government intends to spend N75 billion between July 2023 and March 2024 to strengthen the manufacturing sector.
According to the president, the fund will support 75 enterprises, each accessing “N1 billion credit at 9% per annum with a maximum of 60 months repayment for long-term loans and 12 months for working capital”. However, how this policy will be implemented wasn’t stated.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56411217Wed, 09 Aug 2023 07:24:30 +0000Africa Business RadioPresident Bola Tinubu announced ₦75 billion to fund 75 enterprises in the manufacturing sector. ₦125 billion has also been earmarked to support micro and small businesses. President Bola Tinubu has announced a plan to support small businesses and...President Bola Tinubu has announced a plan to support small businesses and startups in Nigeria in response to the country’s current economic challenges. In a nationwide broadcast on Monday evening.
Tinubu disclosed that his government intends to spend N75 billion between July 2023 and March 2024 to strengthen the manufacturing sector.
According to the president, the fund will support 75 enterprises, each accessing “N1 billion credit at 9% per annum with a maximum of 60 months repayment for long-term loans and 12 months for working capital”. However, how this policy will be implemented wasn’t stated.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,funding,nigeria,sme's,tech_newsfalsefullhttps://www.spreaker.com/episode/walmart-pays-1-4-billion-to-buy-tiger-global-s-remaining-flipkart-stake--56343548The transaction took place in recent days and Tiger Global, which has cashed most of its Flipkart shares earlier, overall made a gain of $3.5 billion on an investment of $1.2 billion.
Flipkart is the only Indian startup in which Tiger Global has invested more than $1 billion, according to a person familiar with the matter.
The U.S. investment giant, one of the earliest investors in Flipkart, has poured over $6 billion into Indian startups altogether.
Tiger Global’s investment in Flipkart supercharged the Indian startup community and put the South Asian nation’s ecosystem on the world map

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56343548Wed, 02 Aug 2023 08:17:31 +0000Africa Business RadioWalmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took place in recent days and Tiger Global, which has cashed most...The transaction took place in recent days and Tiger Global, which has cashed most of its Flipkart shares earlier, overall made a gain of $3.5 billion on an investment of $1.2 billion.
Flipkart is the only Indian startup in which Tiger Global has invested more than $1 billion, according to a person familiar with the matter.
The U.S. investment giant, one of the earliest investors in Flipkart, has poured over $6 billion into Indian startups altogether.
Tiger Global’s investment in Flipkart supercharged the Indian startup community and put the South Asian nation’s ecosystem on the world map

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,flipkart,tech_news,walmartfalsefullhttps://www.spreaker.com/episode/worldcoin-s-official-launch-triggers-swift-privacy-scrutiny-in-europe--56343549Pop-up locations where willing humans can get some Worldcoin “digital tokens” in exchange for feeding their biometric data into its proprietary Half-Life-esque orbs have sprung up in four markets in Europe so far: The U.K., France, Germany and Spain.
Privacy regulators in at least three of those markets are already expressing concerns and/or actively investigating what Worldcoin is doing with Europe’s sensitive personal data.
The ICO’s remarks also emphasized the need for a clear lawful basis to process personal data.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56343549Wed, 02 Aug 2023 08:15:06 +0000Africa Business RadioWorldcoin, OpenAI CEO Sam Altman’s bid to sew up the market for verifying humanness by convincing enough mobile meatsacks to have their eyeballs scanned in exchange for crypto tokens only started its official global rollout this week but it’s already...Pop-up locations where willing humans can get some Worldcoin “digital tokens” in exchange for feeding their biometric data into its proprietary Half-Life-esque orbs have sprung up in four markets in Europe so far: The U.K., France, Germany and Spain.
Privacy regulators in at least three of those markets are already expressing concerns and/or actively investigating what Worldcoin is doing with Europe’s sensitive personal data.
The ICO’s remarks also emphasized the need for a clear lawful basis to process personal data.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>129africa_business_radio,tech_news,worldcoinfalsefullhttps://www.spreaker.com/episode/namibia-passes-law-to-recognises-virtual-assets-including-cryptocurrencies--56343553The authority will be responsible for licensing virtual asset service providers and overseeing, supervising, and monitoring activities related to the provision of virtual asset services.
Individuals or entities engaging in virtual asset services without proper registration with the regulatory authority may face penalties of up to N$10 million in fines, imprisonment for a maximum period of 10 years, or both.
The country’s central bank, the Bank of Namibia warns the public that because virtual assets like cryptocurrencies are not legal tender, people who transact with them do so at their own risk.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56343553Wed, 02 Aug 2023 08:13:05 +0000Africa Business RadioThe Namibian government has begun the process of setting up a regulatory authority to oversee the virtual asset industry, acting on the provisions of one of the major mandates of the newly passed law. The authority will be responsible for licensing...The authority will be responsible for licensing virtual asset service providers and overseeing, supervising, and monitoring activities related to the provision of virtual asset services.
Individuals or entities engaging in virtual asset services without proper registration with the regulatory authority may face penalties of up to N$10 million in fines, imprisonment for a maximum period of 10 years, or both.
The country’s central bank, the Bank of Namibia warns the public that because virtual assets like cryptocurrencies are not legal tender, people who transact with them do so at their own risk.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,cryptocurrency,namibia,tech_news,virtual_assestfalsefullhttps://www.spreaker.com/episode/google-play-store-introduces-verve-payment-option-in-nigeria--56343552Verve is a pan-African payment card scheme owned by Interswitch that can be used to make payments at merchants, withdraw cash from ATMs and transfer money between accounts.
Nigerians can now use their Verve cards to make purchases on the Google Play Store, Google will conduct the transactions in Naira (₦‎), and banks will treat these transactions as local transactions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56343552Wed, 02 Aug 2023 08:07:08 +0000Africa Business RadioGoogle has announced its partnership with Verve to make digital transactions on Google Play Store easier and more accessible for Nigerians. Verve is a pan-African payment card scheme owned by Interswitch that can be used to make payments at...Verve is a pan-African payment card scheme owned by Interswitch that can be used to make payments at merchants, withdraw cash from ATMs and transfer money between accounts.
Nigerians can now use their Verve cards to make purchases on the Google Play Store, Google will conduct the transactions in Naira (₦‎), and banks will treat these transactions as local transactions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>102africa_business_radio,goggle,nigeria,play_store,tech_news,verve_paymentfalsefullhttps://www.spreaker.com/episode/central-bank-s-unfreeze-the-account-of-firms-illegally-trading-forex--56343551The acting CBN governor, Folashodun Shonubi, and Emefiele’s replacement raised interest rates to 18.75%, banks were told to lift the restrictions on the bank accounts of 440 individuals and companies.
Experts said the apex bank's reversal of its earlier stance is a means of bridging a gap where foreign investments can flow into Nigeria.
An analyst at Meristem Securities Limited, Fifunmi Laosebikian says the CBN is trying to be flexible while reducing barriers to trade.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56343551Wed, 02 Aug 2023 08:05:09 +0000Africa Business RadioNigeria’s central bank unfroze the accounts of some firms illegally trading in foreign exchange in Nigeria. It could symbolise new beginnings. The acting CBN governor, Folashodun Shonubi, and Emefiele’s replacement raised interest rates to 18.75%,...The acting CBN governor, Folashodun Shonubi, and Emefiele’s replacement raised interest rates to 18.75%, banks were told to lift the restrictions on the bank accounts of 440 individuals and companies.
Experts said the apex bank's reversal of its earlier stance is a means of bridging a gap where foreign investments can flow into Nigeria.
An analyst at Meristem Securities Limited, Fifunmi Laosebikian says the CBN is trying to be flexible while reducing barriers to trade.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,cbn,forex_trading,tech_newsfalsefullhttps://www.spreaker.com/episode/mtn-nigeria-s-profit-slumps-by-29-14-in-h1-2023-over-inflation--56343554MTN Nigeria’s CEO, Karl Toriola, stated that operating conditions in the first half of 2023 remained challenging with energy, food, and general inflation at elevated levels. Toriola explained that MTN had robust commercial and financial performances in H1 and would continue to invest in the business to further improve the quality of its delivery.
The MTN boss says H1 helped the telco gain 1.5 million new subscribers, taking its total tally to over 77 million subscribers. Already the firm prioritised enhancing the capacity and coverage of its 4G and 5G networks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56343554Wed, 02 Aug 2023 07:55:07 +0000Africa Business RadioMTN Nigeria has reported a drop in its H1 result from 2023— January 1 to June 30, 2023. MTN reported a 29.14% decline in its profit for the period under review of ₦128 billion, compared to ₦181 billion during the same period in 2022. MTN Nigeria’s...MTN Nigeria’s CEO, Karl Toriola, stated that operating conditions in the first half of 2023 remained challenging with energy, food, and general inflation at elevated levels. Toriola explained that MTN had robust commercial and financial performances in H1 and would continue to invest in the business to further improve the quality of its delivery.
The MTN boss says H1 helped the telco gain 1.5 million new subscribers, taking its total tally to over 77 million subscribers. Already the firm prioritised enhancing the capacity and coverage of its 4G and 5G networks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,inflation,mtn_nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-s-finance-act-approved-at-last--56343550The Finance Act 2023, which is designed to generate revenue for the government, introduces several new taxes, including a 1.5% tax on content creators and a 3% tax on crypto traders.
The senators argued that the Act was passed without due process and that the 1.5% housing levy which the Act mandates employers and employees to pay, is unconstitutional because the Constitution limits the national government’s role in housing to developing a housing policy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56343550Wed, 02 Aug 2023 07:52:15 +0000Africa Business RadioThe Kenyan Court of Appeal lifted an earlier court order barring the implementation of Kenya’s new Finance Act. The Finance Act 2023, which is designed to generate revenue for the government, introduces several new taxes, including a 1.5% tax on...The Finance Act 2023, which is designed to generate revenue for the government, introduces several new taxes, including a 1.5% tax on content creators and a 3% tax on crypto traders.
The senators argued that the Act was passed without due process and that the 1.5% housing levy which the Act mandates employers and employees to pay, is unconstitutional because the Constitution limits the national government’s role in housing to developing a housing policy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>127africa_business_radio,finance_act,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/chatgpt-to-launch-android-version--56199236The ChatGPT app on Android looks to be identical to the iOS one in functionality, meaning it gets most if not all of the web-based version’s features.
OpenAI says that the Android app will be rolling out to users next week, presumably in the U.S. first.
No plans were mentioned for other countries, but it’s likely that they’ll follow after a few weeks or months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56199236Wed, 26 Jul 2023 07:43:19 +0000Africa Business RadioChatGPT is available to pre-order” for Android users who want to take the ubiquitous chatbot on the go. The ChatGPT app on Android looks to be identical to the iOS one in functionality, meaning it gets most if not all of the web-based version’s...The ChatGPT app on Android looks to be identical to the iOS one in functionality, meaning it gets most if not all of the web-based version’s features.
OpenAI says that the Android app will be rolling out to users next week, presumably in the U.S. first.
No plans were mentioned for other countries, but it’s likely that they’ll follow after a few weeks or months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>73africa_business_radio,android_version,chatgpt,ios,tech_newsfalsefullhttps://www.spreaker.com/episode/sonatel-snags-senegal-s-5g-licence--56199235Telecom regulator L’Autorité de Régulation des Télécommunication et des Postes announced that interested investors should submit applications by July 14.
ARTP director Abdou Karim Sall, says the application process would help the regulator decide which telecom has the capacity to rapidly provide quality 5G infrastructure across the country.
The regulator announced that it had provisionally awarded Sonatel—a 5G licence after the telecom beat out others with its bid.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56199235Wed, 26 Jul 2023 07:41:15 +0000Africa Business RadioSenegal announced it was finally ready for 5G by opening up the window for applications for 5G spectrum licences. Telecom regulator L’Autorité de Régulation des Télécommunication et des Postes announced that interested investors should submit...Telecom regulator L’Autorité de Régulation des Télécommunication et des Postes announced that interested investors should submit applications by July 14.
ARTP director Abdou Karim Sall, says the application process would help the regulator decide which telecom has the capacity to rapidly provide quality 5G infrastructure across the country.
The regulator announced that it had provisionally awarded Sonatel—a 5G licence after the telecom beat out others with its bid.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>755g_lincense,africa_business_radio,senegal,sonatel,tech_newsfalsefullhttps://www.spreaker.com/episode/telkom-plans-to-sell-its-tower-portfolio--56199238CEO Serame Taukobong, says part of the money from the Swiftnet sale will contribute to the company’s negative free cash flow and allocate additional investment in capital expenditures for their fibre business.
Taukobong also stated that Telkom’s tower portfolio has two solid bidders.
Telkom is open to offers from other companies and there is no guarantee that IHS will acquire the unit.
Nedbank Group Ltd., the Swiftnet business is valued at approximately R8.7 billion ($482 million) based on anticipated future cash flows.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56199238Wed, 26 Jul 2023 07:38:30 +0000Africa Business RadioSouth Africa’s biggest Internet Service Provider, Telkom, has plans to sell its Swiftnet tower. CEO Serame Taukobong, says part of the money from the Swiftnet sale will contribute to the company’s negative free cash flow and allocate additional...CEO Serame Taukobong, says part of the money from the Swiftnet sale will contribute to the company’s negative free cash flow and allocate additional investment in capital expenditures for their fibre business.
Taukobong also stated that Telkom’s tower portfolio has two solid bidders.
Telkom is open to offers from other companies and there is no guarantee that IHS will acquire the unit.
Nedbank Group Ltd., the Swiftnet business is valued at approximately R8.7 billion ($482 million) based on anticipated future cash flows.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>77africa_business_radio,tech_news,telkomfalsefullhttps://www.spreaker.com/episode/imf-approves-1-billion-loan-to-kenya-over-growing-debt-persist--56199234Kenya is dealing with a challenging economic landscape and dwindling revenues following a global economic downturn and rising inflation. The country’s borrowing has increased even as it struggles to raise revenue.
The government struggles to pay salaries as citizens protest increased living costs. As part of efforts to dig itself out of a fiscal hole, the International Monetary Fund
recently approved the disbursement of a $1 billion (about $3 per person in the US) loan to Kenya.
This loan is intended to support the nation’s efforts in addressing the ongoing economic crisis and the country’s efforts in fighting climate change.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56199234Wed, 26 Jul 2023 07:37:14 +0000Africa Business RadioIMF keeps approving loans despite the country’s escalating debt, leading to widespread criticism, protests, and loss of faith in the government. Kenya is dealing with a challenging economic landscape and dwindling revenues following a global economic...Kenya is dealing with a challenging economic landscape and dwindling revenues following a global economic downturn and rising inflation. The country’s borrowing has increased even as it struggles to raise revenue.
The government struggles to pay salaries as citizens protest increased living costs. As part of efforts to dig itself out of a fiscal hole, the International Monetary Fund
recently approved the disbursement of a $1 billion (about $3 per person in the US) loan to Kenya.
This loan is intended to support the nation’s efforts in addressing the ongoing economic crisis and the country’s efforts in fighting climate change.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,imf,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/bundle-africa-shuts-down-its-exchange-platform--56199239Bundle Africa, a social payments app for cash and cryptocurrency, has announced it is shutting down operations of its exchange services after three years.
The company says the decision was made by its shareholders in a bid to “restructure the business.
The company said it hit 50,000 monthly active users and a $50 million monthly volume on Bundle and crossed over 3 million transactions on Cashlink.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56199239Wed, 26 Jul 2023 07:34:54 +0000Africa Business RadioBundle Africa has shut down its exchange services; the crypto payments app will now be focusing on Cashlink, its peer-to-peer platform. Bundle Africa, a social payments app for cash and cryptocurrency, has announced it is shutting down operations of...Bundle Africa, a social payments app for cash and cryptocurrency, has announced it is shutting down operations of its exchange services after three years.
The company says the decision was made by its shareholders in a bid to “restructure the business.
The company said it hit 50,000 monthly active users and a $50 million monthly volume on Bundle and crossed over 3 million transactions on Cashlink.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,bundle_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-implement-new-law-allows-to-access-offshore-bank-accounts-information--56199237The CRS requires financial institutions to report information about their clients’ accounts to tax authorities, which helps identify individuals evading taxes.
Kenya introduced the Common Reporting Standard through the Finance Act in 2021. The Tax Procedures Act was updated to include the CRS.
The Organisation for Economic Cooperation and Development says many organisations use offshore entities to stash taxable income while trading or holding financial assets.
The CRS was implemented to require that Reporting Financial Institutions (RFIs), such as depository accounts and other financial institutions, report account information to tax authorities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56199237Wed, 26 Jul 2023 07:30:45 +0000Africa Business RadioKenya has introduced the Common Reporting Standard to improve financial transparency and fight tax evasion. The CRS requires financial institutions to report information about their clients’ accounts to tax authorities, which helps identify...The CRS requires financial institutions to report information about their clients’ accounts to tax authorities, which helps identify individuals evading taxes.
Kenya introduced the Common Reporting Standard through the Finance Act in 2021. The Tax Procedures Act was updated to include the CRS.
The Organisation for Economic Cooperation and Development says many organisations use offshore entities to stash taxable income while trading or holding financial assets.
The CRS was implemented to require that Reporting Financial Institutions (RFIs), such as depository accounts and other financial institutions, report account information to tax authorities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/high-court-maintains-suspension-of-kenya-s-finance-act-2023--56149744Busia senator Okiya Omtatah, Eliud Matindi, Michael Otieno, and four others filed a petition challenging the constitutionality of the Finance Act 2023.
They argue that the Act was passed without the concurrence of both Speakers of the National Assembly and Senate, as required by the Constitution.
They also argue that the tabling of the Finance Bill was done without following due procedure adding that the housing levy, which compels employers and employees to pay 1.5% each, is unconstitutional because the Constitution limits the national government’s role in housing to developing a housing policy.
Cabinet Secretary Njuguna Ndung’u argued that the conservatory order could halt government operations by suspending budgetary steps.
The Finance Act 2023 introduces several new taxes, including a 1.5% tax on content creators and a 3% tax on crypto traders.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56149744Wed, 19 Jul 2023 07:53:50 +0000Africa Business RadioJustice Mugure Thande extended an earlier order halting the implementation of the country’s recently approved Finance Act 2023. Busia senator Okiya Omtatah, Eliud Matindi, Michael Otieno, and four others filed a petition challenging the...Busia senator Okiya Omtatah, Eliud Matindi, Michael Otieno, and four others filed a petition challenging the constitutionality of the Finance Act 2023.
They argue that the Act was passed without the concurrence of both Speakers of the National Assembly and Senate, as required by the Constitution.
They also argue that the tabling of the Finance Bill was done without following due procedure adding that the housing levy, which compels employers and employees to pay 1.5% each, is unconstitutional because the Constitution limits the national government’s role in housing to developing a housing policy.
Cabinet Secretary Njuguna Ndung’u argued that the conservatory order could halt government operations by suspending budgetary steps.
The Finance Act 2023 introduces several new taxes, including a 1.5% tax on content creators and a 3% tax on crypto traders.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,content_creator,kenya,tax,tech_newsfalsefullhttps://www.spreaker.com/episode/lee-fixel-s-addition-leads-6m-seed-round-in-egyptian-fintech-flash--56149741The number of mobile phone wallets reached 46,500 per 100,000 people.
Egypt’s apex bank is keen to promote another method: contactless payments, after recently issuing regulations governing payment card tokenization on mobile apps.
The Egyptian fintech, which provides cashless payment solutions for consumers and businesses through a scan-and-pay service, has raised $6 million in seed funding led by Addition, the venture capital firm headed by former Tiger Global executive Lee Fixel.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56149741Wed, 19 Jul 2023 07:34:20 +0000Africa Business RadioPlatforms like Fawry and InstaPay tapped into the apex bank’s policies to reduce cash dependencies are responsible for the spread of e-wallets and cards in the North African country where 64% of Egyptians increased their adoption of digital payments...The number of mobile phone wallets reached 46,500 per 100,000 people.
Egypt’s apex bank is keen to promote another method: contactless payments, after recently issuing regulations governing payment card tokenization on mobile apps.
The Egyptian fintech, which provides cashless payment solutions for consumers and businesses through a scan-and-pay service, has raised $6 million in seed funding led by Addition, the venture capital firm headed by former Tiger Global executive Lee Fixel.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,fawry,seed_funding,tech_newsfalsefullhttps://www.spreaker.com/episode/google-s-ai-chatbot-bard-can-now-speak-swahili--56149742Bard is also available in 40 languages including Swahili, the first African language supported by the generative AI platform. Other languages supported by Bard include Arabic, Chinese, German, Hindi, Spanish, and more.
Bard’s code export capabilities have also been expanded, and you can now export Python code to Replit—an online integrated development environment in addition to Google Colab.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56149742Wed, 19 Jul 2023 07:31:48 +0000Africa Business RadioGoogle announced that its AI chatbot, Bard, is now available in South Africa, Brazil, and many parts of the world including the European Union after an initial delay due to data privacy concerns. Bard is also available in 40 languages including...Bard is also available in 40 languages including Swahili, the first African language supported by the generative AI platform. Other languages supported by Bard include Arabic, Chinese, German, Hindi, Spanish, and more.
Bard’s code export capabilities have also been expanded, and you can now export Python code to Replit—an online integrated development environment in addition to Google Colab.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa_business_radio,bard,google,swahili,tech_newsfalsefullhttps://www.spreaker.com/episode/access-bank-to-acquire-stanchart-assets--56149739The deal, which is set for competition in 2024, will see the sale of StanChart’s subsidiaries in Angola, Cameroon, Gambia, and Sierra Leone, with the exception of StanChart’s Nigerian subsidy.
Access Bank will also acquire Standard Chartered’s consumer, private, and business banking business in Tanzania.
Standard Chartered says Access Bank will provide a full range of banking services and continuity for key stakeholders including employees and clients of Standard Chartered’s businesses across the five countries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56149739Wed, 19 Jul 2023 07:30:15 +0000Africa Business RadioBritish multinational bank Standard Chartered (StanChart) revealed that it had completed negotiations to have all its sub-Saharan African assets acquired by Access Bank. The deal, which is set for competition in 2024, will see the sale of StanChart’s...The deal, which is set for competition in 2024, will see the sale of StanChart’s subsidiaries in Angola, Cameroon, Gambia, and Sierra Leone, with the exception of StanChart’s Nigerian subsidy.
Access Bank will also acquire Standard Chartered’s consumer, private, and business banking business in Tanzania.
Standard Chartered says Access Bank will provide a full range of banking services and continuity for key stakeholders including employees and clients of Standard Chartered’s businesses across the five countries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86access_bank,africa_business_radio,standard_chartered,tech_newsfalsefullhttps://www.spreaker.com/episode/uganda-to-impose-5-tax-on-foreign-digital-companies--56149740This comes weeks after President Yoweri Museveni initially refused to assent to the Income Tax Amendment Bill 2023, stating that it needed to include taxes on non-resident digital companies in the country.
The president stated that the measure was meant to cater for taxation of digital economies such as; Twitter, Amazon, and Netflix; the clause related to non-residents and non-residents in Uganda says it doesn’t relate to residents in Uganda as it was mistakenly stated in the minority report.
The Parliament then reprocessed the bill to include a 5% tax on foreign companies, and the president assented to the bill.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56149740Wed, 19 Jul 2023 07:28:36 +0000Africa Business RadioThe Ugandan government amended its Income Tax Act to include a new law that imposes a 5% tax on income earned by foreign companies operating in the country. This comes weeks after President Yoweri Museveni initially refused to assent to the Income...This comes weeks after President Yoweri Museveni initially refused to assent to the Income Tax Amendment Bill 2023, stating that it needed to include taxes on non-resident digital companies in the country.
The president stated that the measure was meant to cater for taxation of digital economies such as; Twitter, Amazon, and Netflix; the clause related to non-residents and non-residents in Uganda says it doesn’t relate to residents in Uganda as it was mistakenly stated in the minority report.
The Parliament then reprocessed the bill to include a 5% tax on foreign companies, and the president assented to the bill.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,foreign_companies,tax,tech_news,ugandafalsefullhttps://www.spreaker.com/episode/flutterwave-partners-with-iata-to-expedite-airline-payments--56149738The IFG is a payment platform specifically created for international airlines and travel agencies to process payments from local markets through various distribution channels. This partnership with Flutterwave allows airlines to have full control over the entire payment and settlement process, from initiation to completion.
This partnership with Flutterwave will greatly benefit foreign airlines and travel agencies looking to collect local currencies through cards and indigenous methods of payment.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56149738Wed, 19 Jul 2023 07:24:51 +0000Africa Business RadioFintech company Flutterwave has integrated its payment technology into the International Air Transport Association’s financial gateway. The IFG is a payment platform specifically created for international airlines and travel agencies to process...The IFG is a payment platform specifically created for international airlines and travel agencies to process payments from local markets through various distribution channels. This partnership with Flutterwave allows airlines to have full control over the entire payment and settlement process, from initiation to completion.
This partnership with Flutterwave will greatly benefit foreign airlines and travel agencies looking to collect local currencies through cards and indigenous methods of payment.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>76africa_business_radio,airline_payment,flutterwave,iata,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-lawmakers-oppose-central-bank-s-social-media-kyc-requirement--56149743The CBN says the policy will allow financial institutions to conduct an effective assessment of potential risks associated with money laundering, terrorism financing, and proliferation financing.
He further argued that there are more efficient ways to monitor money laundering and the financing of terrorism, such as using the Nigeria Police Force, the Economic and Financial Crimes Commission and intelligence agencies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56149743Wed, 19 Jul 2023 07:17:53 +0000Africa Business RadioThe House of Representatives asked the Central Bank of Nigeria to temporarily halt the implementation of an earlier directive to use social media handles for know-your-customer operations. The CBN says the policy will allow financial institutions to...The CBN says the policy will allow financial institutions to conduct an effective assessment of potential risks associated with money laundering, terrorism financing, and proliferation financing.
He further argued that there are more efficient ways to monitor money laundering and the financing of terrorism, such as using the Nigeria Police Force, the Economic and Financial Crimes Commission and intelligence agencies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/china-wraps-up-fintech-crackdown-with-big-fines-on-tencent-alibaba--56051388Tencent has been fined approximately 2.99 billion yuan by the People’s Bank of China for its past regulatory breaches in relation to the provision of payment services in mainland of China.
The central bank announced it will slap a 7.123 billion yuan fine on Ant Group, the fintech affiliate of Alibaba, for a range of illegal activities, including those concerning corporate governance, consumer protection, banking and insurance, payments and settlement, anti-money laundering practices and fund sales.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56051388Wed, 12 Jul 2023 09:46:07 +0000Africa Business RadioThe regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be ending with the imposition of hefty fines on the country’s two digital payments giants. Tencent has been fined approximately 2.99 billion yuan by the...Tencent has been fined approximately 2.99 billion yuan by the People’s Bank of China for its past regulatory breaches in relation to the provision of payment services in mainland of China.
The central bank announced it will slap a 7.123 billion yuan fine on Ant Group, the fintech affiliate of Alibaba, for a range of illegal activities, including those concerning corporate governance, consumer protection, banking and insurance, payments and settlement, anti-money laundering practices and fund sales.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa_business_radio,alibaba,china,fintech,tech_news,tencentfalsefullhttps://www.spreaker.com/episode/instagram-s-threads-app-reaches-100-million-users-in-five-days--56051391Mark Zuckerberg noted on the first day that the app attracted 2 million sign-ups in two hours, 5 million sign-ups in four hours, and 10 million registered users in seven hours.
The next morning, the CEO of Meta noted that more than 30 million people had signed up to try the new app.
The app has a read-only web interface, no support for post search, direct messages, hashtags, and no “Following” feed. Because of Instagram’s rules, the app doesn’t allow nudity on its platform.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56051391Mon, 10 Jul 2023 15:45:48 +0000Africa Business RadioThe Twitter rival, Instagram’s text-based app Threads has achieved the mark of 100 million sign-ups in just five days. Mark Zuckerberg noted on the first day that the app attracted 2 million sign-ups in two hours, 5 million sign-ups in four hours,...Mark Zuckerberg noted on the first day that the app attracted 2 million sign-ups in two hours, 5 million sign-ups in four hours, and 10 million registered users in seven hours.
The next morning, the CEO of Meta noted that more than 30 million people had signed up to try the new app.
The app has a read-only web interface, no support for post search, direct messages, hashtags, and no “Following” feed. Because of Instagram’s rules, the app doesn’t allow nudity on its platform.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa_business_radio,mark_zuckerburg,meta,tech_news,threadfalsefullhttps://www.spreaker.com/episode/zimbabwean-industry-seeks-246-million-for-floating-solar-panels--56051390The Zimbabwean government’s sovereign wealth fund will possess a 10% share in the company, while the remaining 38% will be open to investors, including development banks.
Members of The Intensive Energy User Group, including mining companies, will have a 52% ownership stake in a development company responsible for the project located in Kariba Dam.
The power station initially designed for 250 megawatts will generate electricity sold to the group and other eligible customers through a 25-year power-purchase agreement.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56051390Mon, 10 Jul 2023 15:43:33 +0000Africa Business RadioZimbabwe’s industrial electricity consumers are aiming to raise R4.7 billion for phase one of floating solar panels on Kariba Dam. The Zimbabwean government’s sovereign wealth fund will possess a 10% share in the company, while the remaining 38% will...The Zimbabwean government’s sovereign wealth fund will possess a 10% share in the company, while the remaining 38% will be open to investors, including development banks.
Members of The Intensive Energy User Group, including mining companies, will have a 52% ownership stake in a development company responsible for the project located in Kariba Dam.
The power station initially designed for 250 megawatts will generate electricity sold to the group and other eligible customers through a 25-year power-purchase agreement.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>72africa_business_radio,funding,solar_energy,tech_news,zimbabwefalsefullhttps://www.spreaker.com/episode/south-africa-s-department-of-justice-fined-for-breaking-security-rules--56051395The Protection of Personal Information Act sets basic rules for gathering and exchanging personal information.
Mail & Guardian reports that when the regulator discovered that the department was breaking some of these rules, it issued an enforcement notice on May 9. It had 30 days to follow the notice, but it didn’t.
The regulator has now imposed a fine on the department, using its power for the first time since it was established two years ago.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56051395Mon, 10 Jul 2023 15:25:13 +0000Africa Business RadioSouth Africa’s Information Regulator has fined the Department of Justice R5 million for not renewing its licences for antivirus software. The Protection of Personal Information Act sets basic rules for gathering and exchanging personal information....The Protection of Personal Information Act sets basic rules for gathering and exchanging personal information.
Mail & Guardian reports that when the regulator discovered that the department was breaking some of these rules, it issued an enforcement notice on May 9. It had 30 days to follow the notice, but it didn’t.
The regulator has now imposed a fine on the department, using its power for the first time since it was established two years ago.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>68africa_business_radio,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/crypto-exchanges-in-south-africa-will-be-unable-to-operate-without-licences--56051394South Africa’s Financial Sector Conduct Authority will require that crypto exchanges in the country operate with licences by the end of the year.
Commissioner of the FSCA, Unathi Kamlana says the regulator has received about 20 applications since the commencement of the exercise, with further plans for enforcement action that could see the unabiding firms fined or closed down if they continue to operate without a licence past November 30 deadline.
Several of the continent’s largest crypto trading exchanges emerged from South Africa, including Luno and VALR. Other global platforms such as Binance operate in the country and will also need to abide by the new regulations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56051394Mon, 10 Jul 2023 15:23:35 +0000Africa Business RadioA new crypto regulation in South Africa will see crypto exchanges unable to operate in the country without licences by November 30. South Africa’s Financial Sector Conduct Authority will require that crypto exchanges in the country operate with...South Africa’s Financial Sector Conduct Authority will require that crypto exchanges in the country operate with licences by the end of the year.
Commissioner of the FSCA, Unathi Kamlana says the regulator has received about 20 applications since the commencement of the exercise, with further plans for enforcement action that could see the unabiding firms fined or closed down if they continue to operate without a licence past November 30 deadline.
Several of the continent’s largest crypto trading exchanges emerged from South Africa, including Luno and VALR. Other global platforms such as Binance operate in the country and will also need to abide by the new regulations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,cryptocurrency,operating_license,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/ethiopia-offers-new-telecoms-licence--56051393It’s also another significant step forward as the nation continues to break free from the shackles of monopoly, in hopes of boosting its economy.
Ethiopia’s only telecom service, Ethio Telecom, was controlled by the government.
The government opened it partially to private ownership last year, selling 40% of the capital of the telecom in November and 45% in February.
Ethiopia is about to sell another licence to another private operator to spice up the competition.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56051393Mon, 10 Jul 2023 15:20:28 +0000Africa Business RadioEthiopia has kicked off the bidding process for a new telecommunications licence. This move not only brings in a breath of fresh air but also paves the way for intensified competition in Ethiopia’s telecom sector. It’s also another significant step...It’s also another significant step forward as the nation continues to break free from the shackles of monopoly, in hopes of boosting its economy.
Ethiopia’s only telecom service, Ethio Telecom, was controlled by the government.
The government opened it partially to private ownership last year, selling 40% of the capital of the telecom in November and 45% in February.
Ethiopia is about to sell another licence to another private operator to spice up the competition.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa_business_radio,ethiopia,tech_news,telecomfalsefullhttps://www.spreaker.com/episode/mastercard-and-sombank-partner-to-launch-debit-cards-in-somalia--56051389 The collaboration aims to enhance financial inclusion in Somalia by providing customers with access to digital payment options. In the initial phase of the partnership, 100,000 SomBank customers will receive the SomBank Card in 2023, with the potential for further expansion in subsequent years.
The partnership represents a significant step towards improving financial access and empowering more Somalis to participate in the digital economy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56051389Mon, 10 Jul 2023 15:18:46 +0000Africa Business RadioMastercard, a leading global payment services provider, has partnered with SomBank, a Sharia-compliant bank in Somalia, to launch the SomBank Card, a Mastercard-branded debit card. The collaboration aims to enhance financial inclusion in Somalia by... The collaboration aims to enhance financial inclusion in Somalia by providing customers with access to digital payment options. In the initial phase of the partnership, 100,000 SomBank customers will receive the SomBank Card in 2023, with the potential for further expansion in subsequent years.
The partnership represents a significant step towards improving financial access and empowering more Somalis to participate in the digital economy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,banking,mastercard,sombank,somolia,tech_newsfalsefullhttps://www.spreaker.com/episode/airtel-launches-5g-in-kenya--56051392Airtel says that it has 370 5G sites spread across 16 counties. However, the service is expected to focus on customers in major areas and cities such as Nairobi, Nakuru, Mombasa, and Kisumu.
Ashish Malhotra, the managing director of Airtel Kenya, says Airtel 5G will revolutionise various sectors, such as smart cities, education, healthcare, agritech, transport systems, entertainment, and more, shaping the future of Kenya.
The telecom also announced 5G Wi-Fi routers and plans which it is offering to businesses and residential areas.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/56051392Mon, 10 Jul 2023 15:16:54 +0000Africa Business RadioAirtel became the second telecom to launch 5G in the East African country, following Safaricom’s October 2022 launch. Airtel says that it has 370 5G sites spread across 16 counties. However, the service is expected to focus on customers in major...Airtel says that it has 370 5G sites spread across 16 counties. However, the service is expected to focus on customers in major areas and cities such as Nairobi, Nakuru, Mombasa, and Kisumu.
Ashish Malhotra, the managing director of Airtel Kenya, says Airtel 5G will revolutionise various sectors, such as smart cities, education, healthcare, agritech, transport systems, entertainment, and more, shaping the future of Kenya.
The telecom also announced 5G Wi-Fi routers and plans which it is offering to businesses and residential areas.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>915g,africa_business_radio,airtel,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/twitter-limits-the-number-of-tweets-users-can-read--55999948Musk detailed the revised usage quotas. Verified account holders can peruse a maximum of 6,000 posts daily, while unverified users must contend with a drastically reduced limit of 600 posts.
Newly registered, unverified users face even tighter restrictions with an allowance of a mere 300 posts per day.
Musk says that Twitter is wrestling with extreme levels of data scraping” from “several hundred organizations and system manipulation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55999948Wed, 05 Jul 2023 09:37:30 +0000Africa Business RadioTwitter is putting limits to how many tweets its users can read as the Elon Musk-owned service suffers an extended outage that has stymied users’ ability to track new posts. Musk detailed the revised usage quotas. Verified account holders can peruse...Musk detailed the revised usage quotas. Verified account holders can peruse a maximum of 6,000 posts daily, while unverified users must contend with a drastically reduced limit of 600 posts.
Newly registered, unverified users face even tighter restrictions with an allowance of a mere 300 posts per day.
Musk says that Twitter is wrestling with extreme levels of data scraping” from “several hundred organizations and system manipulation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>114africa_business_radio,elon_musk,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/safaricom-enables-payments-with-internet-bundles--55999950Both Safaricom post-pay customers having a data balance of 5GB and above, and prepaid customers with no expiry bundles exceeding 5GB can access this service provision.
For pricing, Ksh500 is equivalent to 7.7GB. This could mean that customers could pay more as 8GB of data on Safaricom presently costs Ksh1,000—although this option also includes 400 minutes of talk time or 1,000 SMSes.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55999950Wed, 05 Jul 2023 09:33:50 +0000Africa Business RadioSafaricom customers can now use internet bundles for payments millions of customers can use their internet data balance to pay for goods and services. Both Safaricom post-pay customers having a data balance of 5GB and above, and prepaid customers...Both Safaricom post-pay customers having a data balance of 5GB and above, and prepaid customers with no expiry bundles exceeding 5GB can access this service provision.
For pricing, Ksh500 is equivalent to 7.7GB. This could mean that customers could pay more as 8GB of data on Safaricom presently costs Ksh1,000—although this option also includes 400 minutes of talk time or 1,000 SMSes.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,internet_bundle,safaricom,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-expands-tax-net-to-influencer-and-crypto-earners--55999949Kenya’s controversial Finance Bill 2023 affects many people in the digital space, including content creators and crypto traders. Content creators, for instance, will now have to pay taxes based on the earnings they get from their work.
The bill proposed to impose a 15% withholding tax (WHT) on income earned from digital content monetisation. However, the national assembly adjusted that value downwards to 1.5%.
The idea behind the new law is to include digital content businesses within the scope of taxation, given their significant growth in recent times.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55999949Wed, 05 Jul 2023 09:15:44 +0000Africa Business RadioKenya’s Finance Bill 2023, recently passed and signed into law, impacts digital content creators, crypto traders, and digital lenders. Content creators will now face taxes on their earnings, while crypto traders will be subject to a digital asset tax....Kenya’s controversial Finance Bill 2023 affects many people in the digital space, including content creators and crypto traders. Content creators, for instance, will now have to pay taxes based on the earnings they get from their work.
The bill proposed to impose a 15% withholding tax (WHT) on income earned from digital content monetisation. However, the national assembly adjusted that value downwards to 1.5%.
The idea behind the new law is to include digital content businesses within the scope of taxation, given their significant growth in recent times.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa_business_radio,kenya,tax,tech_newsfalsefullhttps://www.spreaker.com/episode/zuvy-raises-4-5-million-to-scale-invoice-financing-in-nigeria--55999947Angel Onuoha, Zuvy’s CEO and co-founder, says Millions of small businesses on the African continent are hindered by their capital being tied up in receivables.
Angel says their primary goal is to empower these businesses with the liquidity that they get what they need when they need it.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55999947Wed, 05 Jul 2023 09:10:49 +0000Africa Business RadioZuvy, a Nigeria-based invoice financing company, is changing the vendor-buyer relationship by offering cash upfront to vendors to meet their business needs and invoice management software for buyers to eliminate inefficiencies tied to traditional...Angel Onuoha, Zuvy’s CEO and co-founder, says Millions of small businesses on the African continent are hindered by their capital being tied up in receivables.
Angel says their primary goal is to empower these businesses with the liquidity that they get what they need when they need it.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,tech_news,zuvyfalsefullhttps://www.spreaker.com/episode/amazon-plans-to-invest-another-15-billion-in-india-by-2030--55138276Amazon chief executive Andy Jassy says the e-commerce group has invested about $11 billion in India to date and plans to pour $15 billion more by 2030.
India is a key overseas market for Amazon, even as the firm has closed many businesses in the country in recent quarters. Walmart, Amazon’s global rival, has also spent over $2.5 billion in India this year.
Google chief executive Sundar Pichai says that the company will open a global fintech operation centre in GIFT city in the state of Gujarat.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55138276Wed, 28 Jun 2023 07:50:58 +0000Africa Business RadioAmazon plans to more than double its investment in India in the next seven years, the e-commerce group said, joining a roster of other high-profile American giants ramping up commitment to the South Asian market after meeting with Prime Minister...Amazon chief executive Andy Jassy says the e-commerce group has invested about $11 billion in India to date and plans to pour $15 billion more by 2030.
India is a key overseas market for Amazon, even as the firm has closed many businesses in the country in recent quarters. Walmart, Amazon’s global rival, has also spent over $2.5 billion in India this year.
Google chief executive Sundar Pichai says that the company will open a global fintech operation centre in GIFT city in the state of Gujarat.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,amazon,india,tech_newsfalsefullhttps://www.spreaker.com/episode/25-african-startups-receive-4-million-in-google-grants--55138272This year’s cohort showcases remarkable diversity, with 25 out of 40 startups originating from Africa, and an impressive 72% of them being led or co-founded by women.
Google’s BFF grants 25 African startups $4 million in funding and support. Each startup will receive up to $150,000 cash, $200,000 Google Cloud credits, mentorship, and valuable connections.
Nigeria leads with 10 grantees, Kenya with five and South Africa with three. Ghana, Uganda, Côte d’Ivoire, Rwanda, and Senegal each have one grant recipient, completing the list.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55138272Wed, 28 Jun 2023 07:45:47 +0000Africa Business RadioGoogle is granting equity-free funds to startups in Europe and Africa through its Black Founders Fund. This year’s cohort showcases remarkable diversity, with 25 out of 40 startups originating from Africa, and an impressive 72% of them being led or...This year’s cohort showcases remarkable diversity, with 25 out of 40 startups originating from Africa, and an impressive 72% of them being led or co-founded by women.
Google’s BFF grants 25 African startups $4 million in funding and support. Each startup will receive up to $150,000 cash, $200,000 Google Cloud credits, mentorship, and valuable connections.
Nigeria leads with 10 grantees, Kenya with five and South Africa with three. Ghana, Uganda, Côte d’Ivoire, Rwanda, and Senegal each have one grant recipient, completing the list.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa,africa_business_radio,google,grants,startup,tech_newsfalsefullhttps://www.spreaker.com/episode/egypt-implements-5-year-tax-exemption-to-boost-startups--55138275Entlaq’s CEO, Mohamed Ehab highlighted the pivotal role of partnerships between the government, private sector, and startups in driving growth.
The Egyptian entrepreneurial ecosystem experiences a growth rate of 50%, it will be possible to establish startups with foreign investments totalling $8 billion by 2030.
He emphasized that the cooperation between all parties will ensure the startup’s sustainable growth and attract more foreign investments.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55138275Wed, 28 Jun 2023 07:42:42 +0000Africa Business RadioPresident Abdul Fattah El Sisi has announced a five-year tax exemption for startups, with an aim to boost the country’s ecosystem and retain its talent. Entlaq’s CEO, Mohamed Ehab highlighted the pivotal role of partnerships between the government,...Entlaq’s CEO, Mohamed Ehab highlighted the pivotal role of partnerships between the government, private sector, and startups in driving growth.
The Egyptian entrepreneurial ecosystem experiences a growth rate of 50%, it will be possible to establish startups with foreign investments totalling $8 billion by 2030.
He emphasized that the cooperation between all parties will ensure the startup’s sustainable growth and attract more foreign investments.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,egypt,tax_exemption,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-signs-5-year-deal-with-microsoft--55138274The company announced that it had signed a 5-year deal with Microsoft. The partnership will see the fintech company build a new generation of payment services on Microsoft Azure, powering payments infrastructure across the African continent and beyond.
This partnership will enable the African payment firm to service multinational firms. Some of them include enabling payments of Uber, Netflix, and Microsoft, solidifying Azure’s role in facilitating a seamless, reliable, and secure payment experience.
Flutterwave will also onboard its products such as Flutterwave for Business, Send by Flutterwave, Flutterwave Store, and Flutterwave for Fintech Platform onto Microsoft’s Azure Cloud Platform. The goal is to offer payment services to-and-from Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55138274Wed, 28 Jun 2023 07:38:48 +0000Africa Business RadioFintech unicorn Flutterwave isn’t just racking up licences across Africa, it’s also entering big deals. The company announced that it had signed a 5-year deal with Microsoft. The partnership will see the fintech company build a new generation of...The company announced that it had signed a 5-year deal with Microsoft. The partnership will see the fintech company build a new generation of payment services on Microsoft Azure, powering payments infrastructure across the African continent and beyond.
This partnership will enable the African payment firm to service multinational firms. Some of them include enabling payments of Uber, Netflix, and Microsoft, solidifying Azure’s role in facilitating a seamless, reliable, and secure payment experience.
Flutterwave will also onboard its products such as Flutterwave for Business, Send by Flutterwave, Flutterwave Store, and Flutterwave for Fintech Platform onto Microsoft’s Azure Cloud Platform. The goal is to offer payment services to-and-from Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,flutterwave,microsoft,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-banks-to-use-social-media-for-know-your-customer-operations--55138271Under the new regulations, the apex bank has made it mandatory for all financial institutions to use social media handles for KYC Know-your-customer operations.
The CBN’s new regulations will make it so that banks have to ask users to confirm their identities using social media—platforms that already have poor and troubling KYC policies.
The requirements cover both individuals and businesses, all of whom will need to provide social media handles moving forward.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55138271Wed, 28 Jun 2023 07:33:03 +0000Africa Business RadioThe Central Bank of Nigeria released its Customer Due Diligence Regulations 2023 for all financial institutions under its regulatory purview. Under the new regulations, the apex bank has made it mandatory for all financial institutions to use social...Under the new regulations, the apex bank has made it mandatory for all financial institutions to use social media handles for KYC Know-your-customer operations.
The CBN’s new regulations will make it so that banks have to ask users to confirm their identities using social media—platforms that already have poor and troubling KYC policies.
The requirements cover both individuals and businesses, all of whom will need to provide social media handles moving forward.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,bank,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/samsung-breaks-ict-regulatory-law-in-kenya--55138273Kenya isn’t having it and it enforced laws to stop brands from selling phones without chargers.
In 2018, Kenya’s ICT regulator, the Communications Authority dropped some guidelines on features and technical specifications for mobile devices imported and distributed within the country.
Apparently, phone brands like Samsung are going against these guidelines in Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/55138273Wed, 28 Jun 2023 07:28:07 +0000Africa Business RadioThe company is defying the country’s ICT regulator’s guidelines by selling phones without chargers in Kenya. Kenya isn’t having it and it enforced laws to stop brands from selling phones without chargers. In 2018, Kenya’s ICT regulator, the...Kenya isn’t having it and it enforced laws to stop brands from selling phones without chargers.
In 2018, Kenya’s ICT regulator, the Communications Authority dropped some guidelines on features and technical specifications for mobile devices imported and distributed within the country.
Apparently, phone brands like Samsung are going against these guidelines in Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,ict,kenya,samsung,tech_newsfalsefullhttps://www.spreaker.com/episode/youtube-relaxes-monetisation-rules-for-smaller-creators-to-earn--54523578YouTube relaxed its eligibility rules for creators, opening the door for these creators to start earning on the platform faster. The partner program also gives creators access to fan funding features like channel memberships, Super Chat, Super Thanks, and more.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54523578Wed, 21 Jun 2023 08:01:42 +0000Africa Business RadioYouTube is relaxing the rules for its partner program, so new creators can start earning as early as possible from their video-making careers. YouTube relaxed its eligibility rules for creators, opening the door for these creators to start earning...YouTube relaxed its eligibility rules for creators, opening the door for these creators to start earning on the platform faster. The partner program also gives creators access to fan funding features like channel memberships, Super Chat, Super Thanks, and more.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>63africa_business_radio,news,tech,youtubefalsefullhttps://www.spreaker.com/episode/kenya-president-ruto-reduces-proposed-content-creator-tax--54523575This reduction comes hot on the heels of local bloggers, YouTubers, influencers and other content creators protesting against the tax.
The Kenya Revenue Authority even formed a special unit that will oversee tax collection from digital companies. However, local content creators said the tax was utterly unfair and amounted to a side-splitting case of double taxation.
President Ruto says the bill should be reviewed so that the increased tax doesn’t become a burden that inhibits the digital economy which the country is trying to build.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54523575Wed, 21 Jun 2023 07:59:01 +0000Africa Business RadioPresident William Ruto ordered a review of Kenya’s proposed content creator tax, the tax has now been reduced to 5%. This reduction comes hot on the heels of local bloggers, YouTubers, influencers and other content creators protesting against the...This reduction comes hot on the heels of local bloggers, YouTubers, influencers and other content creators protesting against the tax.
The Kenya Revenue Authority even formed a special unit that will oversee tax collection from digital companies. However, local content creators said the tax was utterly unfair and amounted to a side-splitting case of double taxation.
President Ruto says the bill should be reviewed so that the increased tax doesn’t become a burden that inhibits the digital economy which the country is trying to build.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,kenya,tax,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-s-digital-city-receives-110-million-allocation-in-2023-budget--54523573Kenya’s cabinet secretary for treasury, Njuguna Ndung’u, presented the state’s budget for the 2023/2024 financial year.
The total budget is a whopping KES 3.68 trillion a significant increase from the previous year’s budget of KES 3.3 trillion.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54523573Wed, 21 Jun 2023 07:56:01 +0000Africa Business RadioThe Kenyan government has allocated $110 million for the ICT industry. However, nearly half of that amount will be used to develop Konza, a green city outside Nairobi. The government is also focused on boosting connectivity across the country....Kenya’s cabinet secretary for treasury, Njuguna Ndung’u, presented the state’s budget for the 2023/2024 financial year.
The total budget is a whopping KES 3.68 trillion a significant increase from the previous year’s budget of KES 3.3 trillion.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>74africa_business_radio,kenya,kouza_city,tech_newsfalsefullhttps://www.spreaker.com/episode/flip-app-users-can-t-access-funds--54523574These users, some of whom are in Flip’s Telegram group with over 300 members, have expressed frustration over the perceived indifference of Flip’s operators towards their plight.
Blockfinex, a crypto exchange company that acquired Flip’s parent company Fluidcoins, says that it is actively working to address these issues.
They also shared plans to completely shut down Flip and focus on serving businesses instead of individual users.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54523574Wed, 21 Jun 2023 07:48:06 +0000Africa Business RadioUsers of Flip, an app developed by crypto startup Fluidcoins, have been facing persistent issues accessing their funds for several months now. These users, some of whom are in Flip’s Telegram group with over 300 members, have expressed frustration...These users, some of whom are in Flip’s Telegram group with over 300 members, have expressed frustration over the perceived indifference of Flip’s operators towards their plight.
Blockfinex, a crypto exchange company that acquired Flip’s parent company Fluidcoins, says that it is actively working to address these issues.
They also shared plans to completely shut down Flip and focus on serving businesses instead of individual users.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>119afirca_business_radio,news,techfalsefullhttps://www.spreaker.com/episode/ftc-reportedly-seeks-injunction-to-stop-microsoft-s-activision-blizzard-deal--54358332Microsoft and Activision Blizzard have represented in the past that they cannot close their deal due to antitrust reviews of the transaction in other jurisdictions. But Microsoft and Activision have not provided assurances that they will maintain that position.
Microsoft’s proposed $68.7 billion acquisition of Activision Blizzard has received a mixed response from regulators around the world, but the Federal Trade Commission may be its biggest critic.
The agency has reportedly applied for an injunction to prevent the deal going ahead before its own official judgment on the situation later this year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54358332Wed, 14 Jun 2023 13:57:22 +0000Africa Business RadioThe FTC confirms that it has requested a temporary restraining order preventing the deal from going through while reviews are underway. Microsoft and Activision Blizzard have represented in the past that they cannot close their deal due to antitrust...Microsoft and Activision Blizzard have represented in the past that they cannot close their deal due to antitrust reviews of the transaction in other jurisdictions. But Microsoft and Activision have not provided assurances that they will maintain that position.
Microsoft’s proposed $68.7 billion acquisition of Activision Blizzard has received a mixed response from regulators around the world, but the Federal Trade Commission may be its biggest critic.
The agency has reportedly applied for an injunction to prevent the deal going ahead before its own official judgment on the situation later this year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,ftc,microsoft,tech_newsfalsefullhttps://www.spreaker.com/episode/hong-kong-eyes-stablecoin-regulatory-regime-by-2024--54358333The city’s Undersecretary for Financial Services and the Treasury, Joseph Chan Ho-lim, says the Hong Kong Monetary Authority is in the process of seeking comments from the public regarding stablecoins and aims to introduce a regulatory framework by the end of 2024.
The crypto community in China is heralding Hong Kong’s increasing policy clarification regarding the nascent asset class.
On June 1, Hong Kong officially set in motion a new crypto regulatory regime in which exchanges must obtain licenses in order to operate in the city.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54358333Wed, 14 Jun 2023 13:50:54 +0000Africa Business RadioHong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets. The city’s Undersecretary for Financial Services and the Treasury, Joseph Chan Ho-lim, says the Hong Kong Monetary Authority is in the...The city’s Undersecretary for Financial Services and the Treasury, Joseph Chan Ho-lim, says the Hong Kong Monetary Authority is in the process of seeking comments from the public regarding stablecoins and aims to introduce a regulatory framework by the end of 2024.
The crypto community in China is heralding Hong Kong’s increasing policy clarification regarding the nascent asset class.
On June 1, Hong Kong officially set in motion a new crypto regulatory regime in which exchanges must obtain licenses in order to operate in the city.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,hong_kong,stablecoin,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerians-communications-commission-grants-25-firms-telecom-licences--54358336The newly licensed companies will offer services similar to other telecommunications providers like MTN, 9mobile, Airtel, and Globacom, despite not having their own infrastructure.
Seven companies have been licensed under tier 2 and 3, three companies under tier 4, and eight companies under tier 5. See the names of all companies here.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54358336Wed, 14 Jun 2023 13:46:58 +0000Africa Business RadioThe Nigerians Communications Commission has granted licences to 25 companies to offer telecom services under the Mobile Virtual Network Operators framework. The newly licensed companies will offer services similar to other telecommunications...The newly licensed companies will offer services similar to other telecommunications providers like MTN, 9mobile, Airtel, and Globacom, despite not having their own infrastructure.
Seven companies have been licensed under tier 2 and 3, three companies under tier 4, and eight companies under tier 5. See the names of all companies here.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>62africa_business_radio,nigeria,tech_news,telecomfalsefullhttps://www.spreaker.com/episode/nigerian-inter-bank-settlement-system-cuts-instant-transfer-fees--54358335NIBSS has reduced the processing fee for transactions on NIBSS Instant Payment. The new ₦3.75 pricing for instant transfers—down from ₦5—will take effect on July 1, 2023.
NIBSS says that the reduction resulted from commercial banks asking for a reduction in the cost of transactions however the reduction would not affect the transaction fees banks charge their customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54358335Wed, 14 Jun 2023 13:39:45 +0000Africa Business RadioNigerian Inter-Bank Settlement System, Nigeria’s largest payment infrastructure, has reduced the processing fee for transactions on its platform. NIBSS has reduced the processing fee for transactions on NIBSS Instant Payment. The new ₦3.75 pricing...NIBSS has reduced the processing fee for transactions on NIBSS Instant Payment. The new ₦3.75 pricing for instant transfers—down from ₦5—will take effect on July 1, 2023.
NIBSS says that the reduction resulted from commercial banks asking for a reduction in the cost of transactions however the reduction would not affect the transaction fees banks charge their customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>68africa_business_radio,instant_bank,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/safaricom-receives-257-million-for-ethiopian-expansion--54358337International Finance Corporation announced that it would invest Ksh21.8 billion in Safaricom, in exchange for 7.25% of the company’s equity. IFC will also loan Safaricom a further Ksh13.9 billion.
In May 2021, Safaricom won a bid to become the first external—and second overall—telecoms company in Ethiopia.
Before Safaricom, state-owned telecoms Ethio Telecom had a monopoly of Ethiopia’s telecoms market, with 54 million subscribers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54358337Wed, 14 Jun 2023 13:32:50 +0000Africa Business RadioSafaricom’s expansion into Ethiopia is getting a major boost. International Finance Corporation announced that it would invest Ksh21.8 billion in Safaricom, in exchange for 7.25% of the company’s equity. IFC will also loan Safaricom a further Ksh13.9...International Finance Corporation announced that it would invest Ksh21.8 billion in Safaricom, in exchange for 7.25% of the company’s equity. IFC will also loan Safaricom a further Ksh13.9 billion.
In May 2021, Safaricom won a bid to become the first external—and second overall—telecoms company in Ethiopia.
Before Safaricom, state-owned telecoms Ethio Telecom had a monopoly of Ethiopia’s telecoms market, with 54 million subscribers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>74africa_business_radio,safaricom,tech_newsfalsefullhttps://www.spreaker.com/episode/tiktok-s-sister-app-letschat-wants-to-become-the-whatsapp-alternative-for-africans--54358334Launched in 2021 by Beijing-based tech firm and TikTok owner ByteDance, LetsChat was designed for young African users to compete with bigger rivals WhatsApp and Telegram.
LetsChat’s entry into the African market has all the makings of a company looking not to keep up with the existing competition but to crush it.
The Chinese app engaged influencers—including comedians—to spread its word. A check on Google PlayStore shows that the number of its downloads has exceeded five million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54358334Wed, 14 Jun 2023 13:28:15 +0000Africa Business RadioTikTok’s sister app LetsChat is expected to compete with WhatsApp and Telegram, but users believe the data-saving app isn’t a worthy challenger. Launched in 2021 by Beijing-based tech firm and TikTok owner ByteDance, LetsChat was designed for young...Launched in 2021 by Beijing-based tech firm and TikTok owner ByteDance, LetsChat was designed for young African users to compete with bigger rivals WhatsApp and Telegram.
LetsChat’s entry into the African market has all the makings of a company looking not to keep up with the existing competition but to crush it.
The Chinese app engaged influencers—including comedians—to spread its word. A check on Google PlayStore shows that the number of its downloads has exceeded five million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>117africa_business_radio,letschat,tech_news,tiktok,whatsappfalsefullhttps://www.spreaker.com/episode/starlink-to-accept-payment-from-naira-cards--54126385By June 6, customers will need to update their payment information on their account. This update is being implemented in response to customer feedback and may also be influenced by the challenges faced by Nigerians in purchasing the product due to restrictions.
Starlink received approval to launch in Nigeria in May 2022, and it started operating officially In January 2023. The one-time hardware officially costs ₦268,584 ($584) while its monthly service fee costs ₦19,260.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54126385Wed, 07 Jun 2023 13:00:07 +0000Africa Business RadioStarlink is on the verge of approving payments made with naira cards. The Elon Musk-owned internet company informed customers of its plans to process payments in naira, including more local cards in Nigeria. By June 6, customers will need to update...By June 6, customers will need to update their payment information on their account. This update is being implemented in response to customer feedback and may also be influenced by the challenges faced by Nigerians in purchasing the product due to restrictions.
Starlink received approval to launch in Nigeria in May 2022, and it started operating officially In January 2023. The one-time hardware officially costs ₦268,584 ($584) while its monthly service fee costs ₦19,260.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,tech_newsfalsefullhttps://www.spreaker.com/episode/president-ruto-launches-second-phase-of-hustlers-fund--54126388As part of this phase of the Fund, the government plans to provide financial support to Chamas and SACCOs, aiming to address issues of exclusion and barriers hindering their access to credit and savings opportunities.
Ruto, says in this phase of the Hustler programme, the loan amounts provided range from a minimum of Ksh50,000 and have the potential to reach as high as Ksh1 million

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54126388Wed, 07 Jun 2023 12:48:20 +0000Africa Business RadioKenyan President, William Ruto, launched the second phase of the Hustlers Fund. As part of this phase of the Fund, the government plans to provide financial support to Chamas and SACCOs, aiming to address issues of exclusion and barriers hindering...As part of this phase of the Fund, the government plans to provide financial support to Chamas and SACCOs, aiming to address issues of exclusion and barriers hindering their access to credit and savings opportunities.
Ruto, says in this phase of the Hustler programme, the loan amounts provided range from a minimum of Ksh50,000 and have the potential to reach as high as Ksh1 million

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>60africa_business_radio,tech_newsfalsefullhttps://www.spreaker.com/episode/multichoice-s-streaming-platform-showmax-hit-with-data-breach--54126389MultiChoice confirmed that the usernames belong to their customers, but added that they have automatically logged the affected customers out of their Showmax accounts.
MultiChoice also claims that the data wasn’t taken from its platform. MyBroadband suggests that the usernames and passwords were taken by criminals using a method called brute force attack.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54126389Wed, 07 Jun 2023 12:42:42 +0000Africa Business RadioPer South African tech publication MyBroadband, hackers recently got into MultiChoice’s streaming platform Showmax and made public over 27,000 usernames and passwords of people who use the platform. MultiChoice confirmed that the usernames belong to...MultiChoice confirmed that the usernames belong to their customers, but added that they have automatically logged the affected customers out of their Showmax accounts.
MultiChoice also claims that the data wasn’t taken from its platform. MyBroadband suggests that the usernames and passwords were taken by criminals using a method called brute force attack.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>71africa_business_radio,multichoice’s,showmax,tech_newsfalsefullhttps://www.spreaker.com/episode/senegal-shuts-down-internet-amid-riot--54126386Interior Minister Antoine Diome acknowledged the blockages, citing the dissemination of hateful and subversive messages on social networks.
Reuters reported that Senegal’s minister of communications, telecommunications, and digital economy issued a statement, expanding the outage to include mobile internet data in specific areas and at certain times.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54126386Wed, 07 Jun 2023 12:30:35 +0000Africa Business RadioSenegal has shut down its internet again. Starting Thursday, several social media platforms, including WhatsApp, Instagram and YouTube, started facing serious access restrictions in Senegal. Interior Minister Antoine Diome acknowledged the...Interior Minister Antoine Diome acknowledged the blockages, citing the dissemination of hateful and subversive messages on social networks.
Reuters reported that Senegal’s minister of communications, telecommunications, and digital economy issued a statement, expanding the outage to include mobile internet data in specific areas and at certain times.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>67africa_business_radio,internet_shutdown,senegal,tech_newsfalsefullhttps://www.spreaker.com/episode/helium-health-secures-30m-funding-to-power-healthcare-financing--54126384Helium Health, a Nigerian health-tech company, has secured $30 million in investment from a Series B funding round.
Helium Health, says the funding will be used to expand the reach of its fintech product, HeliumCredit.
This round of funding was led by AXA IM Alts, with participation from Capria Ventures, Angaza Capital, Anne Wojcicki (Founder of 23&Me) and Flatworld Partners. Existing investors including Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI and AAIC also participated in the round.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54126384Wed, 07 Jun 2023 12:24:36 +0000Africa Business RadioThe Lagos-based health tech company secures $30 million to power credit financing to healthcare providers via its fintech product, HeliumCredit. Helium Health, a Nigerian health-tech company, has secured $30 million in investment from a Series B...Helium Health, a Nigerian health-tech company, has secured $30 million in investment from a Series B funding round.
Helium Health, says the funding will be used to expand the reach of its fintech product, HeliumCredit.
This round of funding was led by AXA IM Alts, with participation from Capria Ventures, Angaza Capital, Anne Wojcicki (Founder of 23&Me) and Flatworld Partners. Existing investors including Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI and AAIC also participated in the round.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,funding,heath_tech,tech_newsfalsefullhttps://www.spreaker.com/episode/chinese-hackers-attack-kenyan-government--54051797Reuters says the defence contractor, pointing to identical tools and techniques used in other hacking campaigns, identified a Chinese state-linked hacking team known as BackdoorDiplomacy as having carried out the attack on Kenya’s intelligence agency.
The analyst reveal that Chinese cyber spies subjected the office of Kenya’s president, its defence, information, health, land and interior ministries, its counter-terrorism centre and other institutions to persistent and prolonged hacking activity.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54051797Wed, 31 May 2023 12:34:18 +0000Africa Business RadioA recent investigation by Reuters reveals that Chinese hackers specifically targeted Kenyan ministries, state institutions, and the State House from 2019 to last year. Reuters says the defence contractor, pointing to identical tools and techniques...Reuters says the defence contractor, pointing to identical tools and techniques used in other hacking campaigns, identified a Chinese state-linked hacking team known as BackdoorDiplomacy as having carried out the attack on Kenya’s intelligence agency.
The analyst reveal that Chinese cyber spies subjected the office of Kenya’s president, its defence, information, health, land and interior ministries, its counter-terrorism centre and other institutions to persistent and prolonged hacking activity.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,china,tech_newsfalsefullhttps://www.spreaker.com/episode/multichoice-group-launches-integrated-payments-platform--54051796The platform, to be housed under an entity called “Moment”, will aim to offer payment infrastructure for businesses across Africa to help them collect and make payments easier, quicker, and more affordable in any manner that their buyers or suppliers prefer.
Multichoice’s stock was down by almost 2% by market close from its opening price, perhaps pointing to the shareholder's lack of faith in the company’s ability to make a mark in an already extremely competitive payments space.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54051796Wed, 31 May 2023 12:32:00 +0000Africa Business RadioMultichoice Group has announced that it is launching a new integrated payments platform in partnership with Rapyd, a B2B payment processing platform, and General Catalyst, a venture capital firm that provides early-stage and growth equity investments....The platform, to be housed under an entity called “Moment”, will aim to offer payment infrastructure for businesses across Africa to help them collect and make payments easier, quicker, and more affordable in any manner that their buyers or suppliers prefer.
Multichoice’s stock was down by almost 2% by market close from its opening price, perhaps pointing to the shareholder's lack of faith in the company’s ability to make a mark in an already extremely competitive payments space.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa_business_radio,multichoice,tech_newsfalsefullhttps://www.spreaker.com/episode/ghana-launches-new-cybersecurity-platform--54051799FISOC is now integrated with all 23 commercial banks which the Bank of Ghana regulates. The platform will be used to send these banks reports and alerts on cybersecurity threats, so they can act fast.
The platform will help banks coordinate cybersecurity efforts within Ghana’s financial institutions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54051799Wed, 31 May 2023 12:28:34 +0000Africa Business RadioThe Bank of Ghana, announced the launch of a new cybersecurity platform, the Financial Industry Command Security Operations Centre. FISOC is now integrated with all 23 commercial banks which the Bank of Ghana regulates. The platform will be used to...FISOC is now integrated with all 23 commercial banks which the Bank of Ghana regulates. The platform will be used to send these banks reports and alerts on cybersecurity threats, so they can act fast.
The platform will help banks coordinate cybersecurity efforts within Ghana’s financial institutions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>71africa_business_radio,cybersecurity,ghana,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-approves-86-million-for-e-policing--54051804The Gauteng Department of e-Government announced that it had approved R1.7 billion for e-policing in the Gauteng province of South Africa.
Executive council member Mzi Khumalo, the money will be used to procure crime-fighting tech such as drones.
The department is also planning to have CCTV across every major road, business centre and crime hotspot in Gauteng.
The funds will also be used to acquire tracking devices for vehicles, firearms and a new state-of-the-art integrated command centre.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54051804Wed, 31 May 2023 12:24:15 +0000Africa Business RadioSouth Africa wants to use tech to drive down its crime rates. The Gauteng Department of e-Government announced that it had approved R1.7 billion for e-policing in the Gauteng province of South Africa. Executive council member Mzi Khumalo, the money...The Gauteng Department of e-Government announced that it had approved R1.7 billion for e-policing in the Gauteng province of South Africa.
Executive council member Mzi Khumalo, the money will be used to procure crime-fighting tech such as drones.
The department is also planning to have CCTV across every major road, business centre and crime hotspot in Gauteng.
The funds will also be used to acquire tracking devices for vehicles, firearms and a new state-of-the-art integrated command centre.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/central-bank-of-nigeria-revokes-license-of-179-microfinance-banks--54051798The revocation was done in two tranches with the first list suspending licences of 47 MFBs, and the second affecting 132 more MFBs.
The financial institutions’ licences were revoked because they “ ceased to carry on, in Nigeria, the type of business for which their licences were issued for a continuous period of 6 months; failed to fulfil or comply with the conditions subject to which their licences were granted; failed to comply with the obligations imposed upon them by the Central Bank of Nigeria by the provisions of Banks and Other Financial Institutions Act 2020, Act No. 5.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54051798Wed, 31 May 2023 11:50:16 +0000Africa Business RadioThe Central Bank of Nigeria revoked the licences of 179 microfinance banks, four primary mortgage banks, and three finance companies in Nigeria. The revocation was done in two tranches with the first list suspending licences of 47 MFBs, and the...The revocation was done in two tranches with the first list suspending licences of 47 MFBs, and the second affecting 132 more MFBs.
The financial institutions’ licences were revoked because they “ ceased to carry on, in Nigeria, the type of business for which their licences were issued for a continuous period of 6 months; failed to fulfil or comply with the conditions subject to which their licences were granted; failed to comply with the obligations imposed upon them by the Central Bank of Nigeria by the provisions of Banks and Other Financial Institutions Act 2020, Act No. 5.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-approves-10-year-tax-break-for-ev-manufacturers--54051800The tax break is part of Nigeria’s new Auto policy from 2023 to 2033 which is set to help develop a competitive and sustainable automotive industry in Nigeria.
The policy also promotes investment in the auto sector and fiscal incentives which includes additional tax relief for 5 years for assemblers or manufacturers of automotive components and products, and 10 years for assemblers/manufacturers of electric vehicles and components used in electric vehicles and many other incentives provided.
The council revealed that Hyundai Kona Electric, Jet Systems Motors, GIG Logistics, Max.ng, and Phoenix are the active electric vehicle players in Nigeria.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/54051800Wed, 31 May 2023 11:48:07 +0000Africa Business RadioAutomotive Design and Development Council, Jelani Aliyu, announced that Nigeria would offer all-electric vehicle manufacturers a 10-year tax break. The tax break is part of Nigeria’s new Auto policy from 2023 to 2033 which is set to help develop a...The tax break is part of Nigeria’s new Auto policy from 2023 to 2033 which is set to help develop a competitive and sustainable automotive industry in Nigeria.
The policy also promotes investment in the auto sector and fiscal incentives which includes additional tax relief for 5 years for assemblers or manufacturers of automotive components and products, and 10 years for assemblers/manufacturers of electric vehicles and components used in electric vehicles and many other incentives provided.
The council revealed that Hyundai Kona Electric, Jet Systems Motors, GIG Logistics, Max.ng, and Phoenix are the active electric vehicle players in Nigeria.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/tiktok-sues-to-stop-ban-in-us-state-of-montana--53984351The unprecedented ban, set to start in 2024, violates the constitutionally protected right to free speech, TikTok argued in the suit.
Montana Governor Greg Gianforte signed the unprecedented prohibition into law on May 17 and says that he endorsed the ban in order to protect Montanans’ personal and private data from the Chinese Communist Party.
Five TikTok users filed a suit of their own, calling on a federal court to overturn Montana’s ban on the app, arguing that it violates their free speech rights.
TikTok called on the federal court to declare the Montana ban on its app unconstitutional and block the state from ever putting it into effect.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53984351Wed, 24 May 2023 13:50:52 +0000Africa Business RadioTikTok filed suit in US federal court to stop the state of Montana from implementing an overall ban on the video-sharing app. The unprecedented ban, set to start in 2024, violates the constitutionally protected right to free speech, TikTok argued in...The unprecedented ban, set to start in 2024, violates the constitutionally protected right to free speech, TikTok argued in the suit.
Montana Governor Greg Gianforte signed the unprecedented prohibition into law on May 17 and says that he endorsed the ban in order to protect Montanans’ personal and private data from the Chinese Communist Party.
Five TikTok users filed a suit of their own, calling on a federal court to overturn Montana’s ban on the app, arguing that it violates their free speech rights.
TikTok called on the federal court to declare the Montana ban on its app unconstitutional and block the state from ever putting it into effect.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,montana,tech_news,tiktokfalsefullhttps://www.spreaker.com/episode/whatsapp-upgrade-edit-messages-with-a-15-minute-time-limit--53984347Mark Zuckerberg noted in a Facebook post that users can now modify a message within 15 minutes of sending the message.
The edited messages will have an “edited” tag next to the time stamp to mark the change. However, the app won’t maintain any correction history.
Other users won’t be able to see the previous versions of edited messages.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53984347Wed, 24 May 2023 13:48:11 +0000Africa Business RadioWhatsApp has finally announced one of the most anticipated features today — message editing. Mark Zuckerberg noted in a Facebook post that users can now modify a message within 15 minutes of sending the message. The edited messages will have an...Mark Zuckerberg noted in a Facebook post that users can now modify a message within 15 minutes of sending the message.
The edited messages will have an “edited” tag next to the time stamp to mark the change. However, the app won’t maintain any correction history.
Other users won’t be able to see the previous versions of edited messages.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>68africa_business_radio,meta,tech_news,whatsappfalsefullhttps://www.spreaker.com/episode/vodafone-to-sell-m-pesa-holdings-for-1-million--53984350Per its statement, the transaction began on April 17, 2023, and should be completed by July 2023.
While Vodafone is yet to reveal why it’s selling the trust to Safaricom, many believe that the move will boost Safaricom’s activities.
With three consecutive quarters of financial decline Safaricom could use a cash flow-generating asset like MPHCL.
The holding company, per Vodafone, presently has €1.2 billion in customer funds which Safaricom could invest in short-term securities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53984350Wed, 24 May 2023 13:45:06 +0000Africa Business RadioVodafone announced that it would sell M-Pesa Holding Company Limited, the company that manages all M-Pesa deposits, to Safaricom for $1. Per its statement, the transaction began on April 17, 2023, and should be completed by July 2023. While...Per its statement, the transaction began on April 17, 2023, and should be completed by July 2023.
While Vodafone is yet to reveal why it’s selling the trust to Safaricom, many believe that the move will boost Safaricom’s activities.
With three consecutive quarters of financial decline Safaricom could use a cash flow-generating asset like MPHCL.
The holding company, per Vodafone, presently has €1.2 billion in customer funds which Safaricom could invest in short-term securities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,m-pesa,tech_news,vodafonefalsefullhttps://www.spreaker.com/episode/european-union-regulators-imposed-1-3-billion-fine-on-meta--53984346The European Data Protection Board announced the largest General Data Protection Regulation fine and also gave Meta a deadline to stop shipping users’ data to the US after regulators said it failed to protect personal information from American security services.
Meta also sought to attribute the issue to a conflict between EU and US law rather than acknowledging any shortcomings in its own privacy practices.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53984346Wed, 24 May 2023 13:40:55 +0000Africa Business RadioEuropean Union regulators imposed a €1.2 billion fine on the tech behemoth for breaching privacy laws through data transfer. The European Data Protection Board announced the largest General Data Protection Regulation fine and also gave Meta a...The European Data Protection Board announced the largest General Data Protection Regulation fine and also gave Meta a deadline to stop shipping users’ data to the US after regulators said it failed to protect personal information from American security services.
Meta also sought to attribute the issue to a conflict between EU and US law rather than acknowledging any shortcomings in its own privacy practices.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>72africa_business_radio,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/egypt-sells-9-5-stake-in-telecom-egypt-for-121-6-million--53984349Egypt’s finance ministry announced the sale of the government’s stake in Telecom Egypt is desperate to raise revenue from privatising state-owned firms in order to meet a series of foreign debt obligations that will be due in a few months.
Reducing the government’s involvement in the economy is part of a $3 billion, 46-month financial support package signed in December, under which Egypt promised the International Monetary Fund it would roll back its involvement in the economy and allow private companies to play a much greater role.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53984349Wed, 24 May 2023 13:15:51 +0000Africa Business RadioEgypt’s government wants to raise $2 billion by selling its stake in 32 companies by June. But it has only raised $25 million after selling its stake in one company since announcing the privatization program in February. Egypt’s finance ministry...Egypt’s finance ministry announced the sale of the government’s stake in Telecom Egypt is desperate to raise revenue from privatising state-owned firms in order to meet a series of foreign debt obligations that will be due in a few months.
Reducing the government’s involvement in the economy is part of a $3 billion, 46-month financial support package signed in December, under which Egypt promised the International Monetary Fund it would roll back its involvement in the economy and allow private companies to play a much greater role.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,egypt,tech_newsfalsefullhttps://www.spreaker.com/episode/apple-partner-foxconn-to-invest-500-million-in-india-s-telangana--53904420K.T. Rama Rao, Telangana’s IT minister, says in a tweet that the investment from Foxconn will create 25,000 direct jobs in the first phase.
Foxconn, which already manufactures iPhones in India, won a bid to manufacture the AirPods in the country earlier this year.
India’s Prime Minister Narendra Modi’s financial incentives in recent years to drive local manufacturing has attracted commitments from Foxconn, Wistron and Pegatron.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53904420Wed, 17 May 2023 11:56:11 +0000Africa Business RadioFoxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in the South Asian market. K.T. Rama Rao, Telangana’s...K.T. Rama Rao, Telangana’s IT minister, says in a tweet that the investment from Foxconn will create 25,000 direct jobs in the first phase.
Foxconn, which already manufactures iPhones in India, won a bid to manufacture the AirPods in the country earlier this year.
India’s Prime Minister Narendra Modi’s financial incentives in recent years to drive local manufacturing has attracted commitments from Foxconn, Wistron and Pegatron.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,apple,foxconn,india,tech_newsfalsefullhttps://www.spreaker.com/episode/us-tech-policy-must-keep-pace-with-ai-innovation--53904419The European Union has already been working to enact laws around responsible AI; I shared my thoughts on those initiatives nearly two years ago.
Then, the AI Act, as it is known, was “an objective and measured approach to innovation and societal considerations.
Leaders of technology businesses and the United States government are coming together to map out a unified vision for responsible AI.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53904419Wed, 17 May 2023 11:54:03 +0000Africa Business RadioAs innovation in artificial intelligence (AI) outpaces news cycles and grabs public attention, a framework for its responsible and ethical development and use has become increasingly critical to ensuring that this unprecedented technology wave reaches...The European Union has already been working to enact laws around responsible AI; I shared my thoughts on those initiatives nearly two years ago.
Then, the AI Act, as it is known, was “an objective and measured approach to innovation and societal considerations.
Leaders of technology businesses and the United States government are coming together to map out a unified vision for responsible AI.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,ai,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-to-start-paying-individuals-and-businesses-for-saving-electricity--53904424South Africa’s Electricity minister Kgosientsho Ramokgopa, says the South African government will provide a financial incentive for demand reduction by commercial and residential customers through its Distribution Demand Management programme.
Ramokgopa stated that the programme will provide an R3 million incentive for every megawatt saved through reduced demand.
The minister says the programme’s key performance indicator will be revealed once the government has aggregated the number of households and companies that are participating.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53904424Wed, 17 May 2023 11:52:22 +0000Africa Business RadioSouth Africa's government plans to introduce incentives for individuals and businesses to save electricity. South Africa’s Electricity minister Kgosientsho Ramokgopa, says the South African government will provide a financial incentive for demand...South Africa’s Electricity minister Kgosientsho Ramokgopa, says the South African government will provide a financial incentive for demand reduction by commercial and residential customers through its Distribution Demand Management programme.
Ramokgopa stated that the programme will provide an R3 million incentive for every megawatt saved through reduced demand.
The minister says the programme’s key performance indicator will be revealed once the government has aggregated the number of households and companies that are participating.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-telecoms-to-disconnect-ussd-over-260-million-debt--53904426Per the telecoms, the disconnection order comes due to the bank’s failure to pay over ₦120 billion in USSD debts.
Per the Association of Licensed Telecommunications Operators of Nigeria, banks have failed to remit payments for USSD transactions for an undisclosed period.
In June 2021, two months after the Central Bank of Nigeria approved that users would bear the costs for USSD transactions, ALTON threatened to shut down the service after banks failed to remit ₦47 billion for the USSD service.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53904426Wed, 17 May 2023 11:50:21 +0000Africa Business RadioNigerian telecoms announced that they had received the approval of the Nigerian Communications Commission to disconnect several Deposit Money Banks. Per the telecoms, the disconnection order comes due to the bank’s failure to pay over ₦120 billion in...Per the telecoms, the disconnection order comes due to the bank’s failure to pay over ₦120 billion in USSD debts.
Per the Association of Licensed Telecommunications Operators of Nigeria, banks have failed to remit payments for USSD transactions for an undisclosed period.
In June 2021, two months after the Central Bank of Nigeria approved that users would bear the costs for USSD transactions, ALTON threatened to shut down the service after banks failed to remit ₦47 billion for the USSD service.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa_business_radio,tech_news,telecomfalsefullhttps://www.spreaker.com/episode/nigerian-broadcast-commission-loses-right-to-fine-stations--53904422NBC says Stations violated the broadcasting codes during the 2019 general election however, the Incorporated Trustees of Media Rights Agenda took NBC to court, demanding that the fine be invalidated.
They argued that the fine was a violation of natural justice.
Justice James Omotosho, the judge, denounced the actions of the National Broadcasting Commission as a display of oppressive and excessive power.
He went even further, asserting that the NBC Code, which grants the commission the authority to impose sanctions, directly conflicted with Section 6 of the Constitution.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53904422Wed, 17 May 2023 11:47:48 +0000Africa Business RadioA Nigerian Federal High Court ruled that NBC doesn’t actually have the power to punish broadcast stations with sanctions. NBC says Stations violated the broadcasting codes during the 2019 general election however, the Incorporated Trustees of Media...NBC says Stations violated the broadcasting codes during the 2019 general election however, the Incorporated Trustees of Media Rights Agenda took NBC to court, demanding that the fine be invalidated.
They argued that the fine was a violation of natural justice.
Justice James Omotosho, the judge, denounced the actions of the National Broadcasting Commission as a display of oppressive and excessive power.
He went even further, asserting that the NBC Code, which grants the commission the authority to impose sanctions, directly conflicted with Section 6 of the Constitution.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>132africa_business_radio,nbc,tech_newsfalsefullhttps://www.spreaker.com/episode/mtn-in-talks-to-sell-west-african-assets--53904425Both companies are reportedly negotiating on MTN’s assets in Liberia, Guinea-Bissau, and Guinea-Conakry. The deal is yet to be finalised and sources close to the case report that it’s still too early to conclude if it will go through.
It’s not certain what MTN is planning in each of these countries. In 2021, though, it ignited an exit from Afghanistan: in a bid to simplify its structure, it exited Afghanistan by selling off its assets there for $35 million.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53904425Wed, 17 May 2023 11:46:16 +0000Africa Business RadioTelecom MTN might be reducing its portfolio size. The company is in talks to sell some of its West African assets to Axian Group, a pan-African investor in telecoms. Both companies are reportedly negotiating on MTN’s assets in Liberia,...Both companies are reportedly negotiating on MTN’s assets in Liberia, Guinea-Bissau, and Guinea-Conakry. The deal is yet to be finalised and sources close to the case report that it’s still too early to conclude if it will go through.
It’s not certain what MTN is planning in each of these countries. In 2021, though, it ignited an exit from Afghanistan: in a bid to simplify its structure, it exited Afghanistan by selling off its assets there for $35 million.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,mtn,tech_news,west_africafalsefullhttps://www.spreaker.com/episode/zimbabwe-s-launches-gold-backed-digital-currency--53805645The digital currency is set to complement the Mosi-oa-Tunya, fiat gold coins, which the country launched in 2022.
The country hopes to have more citizens buy into its gold industry and fight its currency devaluation and inflation which jumped to 285% in 2022.
The RBZ outlined plans for the implementation of the currency; the tokens will be issued only for investment purposes and available through banks.
The bank has invited Zimbabwean citizens and businesses to subscribe to the token. Applications for the tokens must be for a minimum of $10 for individuals and $5,000 for financial institutions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53805645Wed, 10 May 2023 14:06:25 +0000Africa Business RadioZimbabwe is moving forward with the launch of its gold-backed digital currency. The digital currency is set to complement the Mosi-oa-Tunya, fiat gold coins, which the country launched in 2022. The country hopes to have more citizens buy into its...The digital currency is set to complement the Mosi-oa-Tunya, fiat gold coins, which the country launched in 2022.
The country hopes to have more citizens buy into its gold industry and fight its currency devaluation and inflation which jumped to 285% in 2022.
The RBZ outlined plans for the implementation of the currency; the tokens will be issued only for investment purposes and available through banks.
The bank has invited Zimbabwean citizens and businesses to subscribe to the token. Applications for the tokens must be for a minimum of $10 for individuals and $5,000 for financial institutions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,digital_currency,tech_news,zimbabwefalsefullhttps://www.spreaker.com/episode/linkedin-cuts-716-jobs-as-it-phases-out-its-china-app--53805641LinkedIn CEO Ryan Roslanky says the decision to shutter the standalone China app, called InCareer, was because of fierce competition and a challenging macroeconomic climate.
LinkedIn, which is owned by Microsoft and has 20,000 employees, also plans to open about 250 new jobs in some segments of its operations, and new business and accounting management teams on May 15.
LinkedIn is the latest tech company, ranging in size from Google and Amazon to startups, to announce layoffs. Its parent company, Microsoft, said it was cutting 10,000 jobs, or nearly 5% of its global workforce, in January.
LinkedIn plans to finish phasing out InCareer by August 9, while shifting its China strategy to help companies operating in China hire, market and train abroad.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53805641Wed, 10 May 2023 14:05:15 +0000Africa Business RadioLinkedIn is cutting 716 jobs and will begin phasing out its local jobs app in China. LinkedIn CEO Ryan Roslanky says the decision to shutter the standalone China app, called InCareer, was because of fierce competition and a challenging macroeconomic...LinkedIn CEO Ryan Roslanky says the decision to shutter the standalone China app, called InCareer, was because of fierce competition and a challenging macroeconomic climate.
LinkedIn, which is owned by Microsoft and has 20,000 employees, also plans to open about 250 new jobs in some segments of its operations, and new business and accounting management teams on May 15.
LinkedIn is the latest tech company, ranging in size from Google and Amazon to startups, to announce layoffs. Its parent company, Microsoft, said it was cutting 10,000 jobs, or nearly 5% of its global workforce, in January.
LinkedIn plans to finish phasing out InCareer by August 9, while shifting its China strategy to help companies operating in China hire, market and train abroad.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa_business_radio,china,linkedin,tech_newsfalsefullhttps://www.spreaker.com/episode/mozambique-gets-its-first-5g-network--53805642Mateus Magala, Mozambique’s Minister of Transport and Communications says 5G Technology will significantly improve the quality of the telecommunications service provided in the country, particularly in the materialisation of the Internet of Things (IoT).
The telco’s CEO, Nuno Quelhas stated that 5G would help improve the quality of life and promote the growth of the youthful population.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53805642Wed, 10 May 2023 13:59:53 +0000Africa Business RadioVodacom has launched Mozambique’s first 5G network. The mobile network operator plans to deploy 5G services at selected sites in Maputo, Matola; the central area of Nampula; downtown Nacala, Munhava, Maquinino and Chipanga neighbourhoods; Beira; and...Mateus Magala, Mozambique’s Minister of Transport and Communications says 5G Technology will significantly improve the quality of the telecommunications service provided in the country, particularly in the materialisation of the Internet of Things (IoT).
The telco’s CEO, Nuno Quelhas stated that 5G would help improve the quality of life and promote the growth of the youthful population.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,mozambique,tech_news,vodafoamfalsefullhttps://www.spreaker.com/episode/kenya-boosts-payments-interoperability-with-state-backed-qr-codes--53805639The service seeks to boost digital payments, which are offered by multiple financial institutions in the country. These companies usually have in-house payment solutions, meaning customers can only use a channel that has been implemented by a vendor.
The CBK governor, Patrick Njoroge, says merchants will now be able to receive payments from multiple channels, be it banks (Equity, KCB, Cooperative Bank, Absa, and more), mobile money wallets, and other payment processors such as VISA and Mastercard.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53805639Wed, 10 May 2023 13:58:29 +0000Africa Business RadioThe Central Bank of Kenya has announced the Kenya Quick Response Code Standard 2023, also shortened as KE-QR Code Standard 2023. The service seeks to boost digital payments, which are offered by multiple financial institutions in the country. These...The service seeks to boost digital payments, which are offered by multiple financial institutions in the country. These companies usually have in-house payment solutions, meaning customers can only use a channel that has been implemented by a vendor.
The CBK governor, Patrick Njoroge, says merchants will now be able to receive payments from multiple channels, be it banks (Equity, KCB, Cooperative Bank, Absa, and more), mobile money wallets, and other payment processors such as VISA and Mastercard.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-s-government-proposes-new-bill-to-tax-content-creators--53805640The proposals aim to expand the tax base for the government, which has been having revenue issues that have forced it to at some point, delay the salaries of its employees. One of the proposals in the Bill is the taxation of payments made to digital creators.
Content creation has grown over the years, and creators earn a living through sponsored content, digital campaigns, or ad revenue from platforms such as YouTube, Tiktok and Facebook.
Payments made by taxpayers to digital content creators will be subject to a 15% withholding tax rate, according to the new proposed legislation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53805640Wed, 10 May 2023 13:57:19 +0000Africa Business RadioThe Government of Kenya has proposed multiple amendments to the Finance Bill for 2023. The proposals aim to expand the tax base for the government, which has been having revenue issues that have forced it to at some point, delay the salaries of its...The proposals aim to expand the tax base for the government, which has been having revenue issues that have forced it to at some point, delay the salaries of its employees. One of the proposals in the Bill is the taxation of payments made to digital creators.
Content creation has grown over the years, and creators earn a living through sponsored content, digital campaigns, or ad revenue from platforms such as YouTube, Tiktok and Facebook.
Payments made by taxpayers to digital content creators will be subject to a 15% withholding tax rate, according to the new proposed legislation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,content_creator,kenya,tax,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-s-supreme-court-to-rule-on-prisoners-rights-to-have-access-to-computers--53737197Judges have ruled that the present policy, which prohibits or limits computer use, constitutes unfair discrimination, a ruling that the country’s ministry of Justice and correctional services is appealing against. Currently, in South Africa, prisons’ policy either prohibits or limits computer use by inmates who have registered to study.
The ministry says allowing prisoners access to laptops in their cells would create a security threat. The ministry believes that inmates could smuggle modems into their cells or use illegal cell phones to create hotspots.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53737197Thu, 04 May 2023 08:02:39 +0000Africa Business RadioSouth Africa’s supreme court of appeals is set to rule on whether prisoners should have access to computers for educational purposes during their incarceration. Judges have ruled that the present policy, which prohibits or limits computer use,...Judges have ruled that the present policy, which prohibits or limits computer use, constitutes unfair discrimination, a ruling that the country’s ministry of Justice and correctional services is appealing against. Currently, in South Africa, prisons’ policy either prohibits or limits computer use by inmates who have registered to study.
The ministry says allowing prisoners access to laptops in their cells would create a security threat. The ministry believes that inmates could smuggle modems into their cells or use illegal cell phones to create hotspots.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>72africa_business_radio,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/afdb-smart-africa-alliance-partner-for-1-5-million-digital-trade-ecommerce-project--53737198The project will evaluate policy gaps in the digital trade and e-commerce ecosystems of Côte d’Ivoire, Benin, Ghana, Liberia, Uganda, South Sudan, Zimbabwe, the Republic of Congo, São Tomé and Príncipe, and the Democratic Republic of Congo.
The project will see the implementation of regional training and capacity-building programs focusing on cross-border e-payment and e-commerce for governments, private sectors, and Small and Medium Sized Enterprises.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53737198Thu, 04 May 2023 07:58:23 +0000Africa Business RadioThe African Development Fund and Smart Africa Alliance have jointly launched a $1.5 million project to streamline digital trade and e-commerce policies across 10 African countries. The project will evaluate policy gaps in the digital trade and...The project will evaluate policy gaps in the digital trade and e-commerce ecosystems of Côte d’Ivoire, Benin, Ghana, Liberia, Uganda, South Sudan, Zimbabwe, the Republic of Congo, São Tomé and Príncipe, and the Democratic Republic of Congo.
The project will see the implementation of regional training and capacity-building programs focusing on cross-border e-payment and e-commerce for governments, private sectors, and Small and Medium Sized Enterprises.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>70afdb,africa_business_radio,digital_trade,e-commerce,tech_newsfalsefullhttps://www.spreaker.com/episode/african-payment-service-provider-nomba-raises-30m--53737200Partech and Khosla Ventures, existing investors from its $5 million Series A round in 2019, participated, as well as new backers, including Helios Digital Ventures and Shopify, which might be making its first investment on the continent through the Nigerian fintech outfit.
Nomba supplied thousands of individuals and small business owners (who acted as its agents) with POS terminals to offer essential financial services such as cash withdrawal, transfer and bill payments to unbanked and underbanked Nigerians.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53737200Thu, 04 May 2023 07:54:09 +0000Africa Business RadioNigerian payment service provider Nomba has raised $30 million in a pre-Series B investment to support the delivery of bespoke payment solutions for African businesses. The round, which values the company at $150 million+ according to YCombinator data...Partech and Khosla Ventures, existing investors from its $5 million Series A round in 2019, participated, as well as new backers, including Helios Digital Ventures and Shopify, which might be making its first investment on the continent through the Nigerian fintech outfit.
Nomba supplied thousands of individuals and small business owners (who acted as its agents) with POS terminals to offer essential financial services such as cash withdrawal, transfer and bill payments to unbanked and underbanked Nigerians.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,african_payment,nomba,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-wants-to-tax-crypto-platforms--53737195Business Daily reports that crypto platforms operating in Kenya may soon have to pay a 1.5% duty on every transaction they make, per the Value added Tax (Electronic, Internet and Digital Marketplace Supply) Regulations, 2023.
Kenya has repeatedly ranked top of cryptocurrency adoption on the continent, beating out South Africa and Nigeria.
The country also announced an amendment to its Capital Markets Bill to introduce a 20% excise tax on every crypto transaction fee charged in the country. Another 1.5% tax would mean more charges for crypto exchange platforms and higher fees for crypto traders who are turning to crypto to avoid currency devaluation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53737195Thu, 04 May 2023 07:49:35 +0000Africa Business RadioKenya is considering enforcing new regulations that will tax crypto exchange platforms like Binance and Bitmama. Business Daily reports that crypto platforms operating in Kenya may soon have to pay a 1.5% duty on every transaction they make, per the...Business Daily reports that crypto platforms operating in Kenya may soon have to pay a 1.5% duty on every transaction they make, per the Value added Tax (Electronic, Internet and Digital Marketplace Supply) Regulations, 2023.
Kenya has repeatedly ranked top of cryptocurrency adoption on the continent, beating out South Africa and Nigeria.
The country also announced an amendment to its Capital Markets Bill to introduce a 20% excise tax on every crypto transaction fee charged in the country. Another 1.5% tax would mean more charges for crypto exchange platforms and higher fees for crypto traders who are turning to crypto to avoid currency devaluation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,kenya,tax,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-firm-to-pay-3-4-billion-for-crypto-fraud--53737199Cornelius Johannes Steynberg, head of Mirror Trading International was charged by the Commodities Future Trading Commission for running a $1.7 billion bitcoin scam.
A federal judge ordered Steynberg to pay $3.4 billion—$1.7 billion in restitution to victims, and another $1.7 billion as a penalty.
MyBroadBand reported that the liquidators of MTI recovered 1,281 bitcoin frozen by its former brokerage in Belize, FXChoice.
The South African Revenue Services slapped the firm with a $55 million fine for back taxes while liquidators of MTI and Steynberg are also clamouring for legal fees which reportedly cost over $13.3 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53737199Thu, 04 May 2023 07:40:25 +0000Africa Business RadioA federal US court in Texas has ordered the CEO of a South African firm to pay $3.4 billion for bitcoin fraud. This is now the biggest fraud case involving Bitcoin. Cornelius Johannes Steynberg, head of Mirror Trading International was charged by the...Cornelius Johannes Steynberg, head of Mirror Trading International was charged by the Commodities Future Trading Commission for running a $1.7 billion bitcoin scam.
A federal judge ordered Steynberg to pay $3.4 billion—$1.7 billion in restitution to victims, and another $1.7 billion as a penalty.
MyBroadBand reported that the liquidators of MTI recovered 1,281 bitcoin frozen by its former brokerage in Belize, FXChoice.
The South African Revenue Services slapped the firm with a $55 million fine for back taxes while liquidators of MTI and Steynberg are also clamouring for legal fees which reportedly cost over $13.3 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,crypto_fraud,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-approves-spyware-for-phones--53737196The Supreme Court of Kenya approved installing and using the Device Management System on all mobile phones to help curb counterfeit devices.
DMS would reportedly use mobile networks to remotely access devices’ International Mobile Equipment Identity numbers and ban counterfeit ones.
The Law Society of Kenya also petitioned the Supreme Court to stop the implementation of the DMS for the same privacy concerns.
The Supreme Court dismissed all appeals citing that the CAK via its regulatory act had the power to monitor compliance with its laws.
This approval will see to creating of an Equipment Identification Register, which will detect all devices, isolate the illegal ones, and deny fake devices service.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53737196Thu, 04 May 2023 07:29:45 +0000Africa Business RadioKenya wants to curb the sale and distribution of fake phones and its solution is a spyware software on every mobile device in its territory. The Supreme Court of Kenya approved installing and using the Device Management System on all mobile phones to...The Supreme Court of Kenya approved installing and using the Device Management System on all mobile phones to help curb counterfeit devices.
DMS would reportedly use mobile networks to remotely access devices’ International Mobile Equipment Identity numbers and ban counterfeit ones.
The Law Society of Kenya also petitioned the Supreme Court to stop the implementation of the DMS for the same privacy concerns.
The Supreme Court dismissed all appeals citing that the CAK via its regulatory act had the power to monitor compliance with its laws.
This approval will see to creating of an Equipment Identification Register, which will detect all devices, isolate the illegal ones, and deny fake devices service.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>95africa_business_radio,kenya,spy_ware,tech_newsfalsefullhttps://www.spreaker.com/episode/apple-launches-apple-card-s-savings-accounts-with-4-15-interest-rate--53652600When the company originally announced the new financial product back in October, Apple said that it couldn’t share what interest rate would be paid out on these accounts because rates are fluctuating so much these days.
Apple is going to offer an APY of 4.15%. It looks like a competitive offering when you look at data from Bankrate — you can currently find savings accounts that offer an APY of 3.5% to 4.75%.
Apple has partnered with Goldman Sachs for the banking feature. Savings accounts are technically managed by Goldman Sachs, which means that balances are covered by the Federal Deposit Insurance Corporation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53652600Wed, 26 Apr 2023 14:23:57 +0000Africa Business RadioApple Card customers in the U.S. can open a savings account and earn interest starting today. When the company originally announced the new financial product back in October, Apple said that it couldn’t share what interest rate would be paid out on...When the company originally announced the new financial product back in October, Apple said that it couldn’t share what interest rate would be paid out on these accounts because rates are fluctuating so much these days.
Apple is going to offer an APY of 4.15%. It looks like a competitive offering when you look at data from Bankrate — you can currently find savings accounts that offer an APY of 3.5% to 4.75%.
Apple has partnered with Goldman Sachs for the banking feature. Savings accounts are technically managed by Goldman Sachs, which means that balances are covered by the Federal Deposit Insurance Corporation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,apple,card,tech_newsfalsefullhttps://www.spreaker.com/episode/world-bank-invests-390-million-in-kenya-s-digital-economy--53652596This project is all about widening the doors to the digital economy for everyone in Kenya through high-speed internet, better education and government services, and building skills for the regional digital economy.
TechMoran reports that the Kenya Digital Economy Acceleration Project is going to take a multi-phase approach.
Phase one will run from 2023–2028. It will entail expanding internet access, improving education and government services, and teaching more Kenyans digital skills. Then, phase two, from 2026–2030, will kick it up a notch with a data-driven and secure environment for enhanced digital service delivery and innovation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53652596Wed, 26 Apr 2023 14:21:17 +0000Africa Business RadioThe World Bank Group Board of Directors just gave Kenya a digital high-five with a whopping $390 million in financing for its Kenya Digital Economy Acceleration Project. This project is all about widening the doors to the digital economy for...This project is all about widening the doors to the digital economy for everyone in Kenya through high-speed internet, better education and government services, and building skills for the regional digital economy.
TechMoran reports that the Kenya Digital Economy Acceleration Project is going to take a multi-phase approach.
Phase one will run from 2023–2028. It will entail expanding internet access, improving education and government services, and teaching more Kenyans digital skills. Then, phase two, from 2026–2030, will kick it up a notch with a data-driven and secure environment for enhanced digital service delivery and innovation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,kenya,tech_news,world_bankfalsefullhttps://www.spreaker.com/episode/twitter-merged-into-an-entity-called-x-corp--53652597Twitter would merge with X Holdings II, but keep its name and general corporate structure while continuing to operate under Delaware law.
X Holdings I, controlled by Musk, would then serve as the merged entity’s parent company, while X Holdings III would take on the $13 billion loan that a group of big banks provided Musk to help cover the $44 billion purchase.
X Holdings II was slated to be defunct after it merged with Twitter. So the official structure after Musk’s takeover was: X Holdings I oversees Twitter Inc, while X Holdings III handles the cash. But that has not been the case.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53652597Wed, 26 Apr 2023 14:19:10 +0000Africa Business RadioTwitter Inc, the company, has ceased to exist as a standalone company and has been merged into an entity called “X Corp”. Twitter would merge with X Holdings II, but keep its name and general corporate structure while continuing to operate under...Twitter would merge with X Holdings II, but keep its name and general corporate structure while continuing to operate under Delaware law.
X Holdings I, controlled by Musk, would then serve as the merged entity’s parent company, while X Holdings III would take on the $13 billion loan that a group of big banks provided Musk to help cover the $44 billion purchase.
X Holdings II was slated to be defunct after it merged with Twitter. So the official structure after Musk’s takeover was: X Holdings I oversees Twitter Inc, while X Holdings III handles the cash. But that has not been the case.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>115africa_business_radio,musk,tech_news,twitter,x_corpfalsefullhttps://www.spreaker.com/episode/kenya-fines-two-companies-for-data-abuse--53652599Each company has been slapped with a hefty penalty of Ksh5 million as per the Data Protection Act and Complaints Handling Procedure and Enforcement Regulations.
It turns out that WhitePath has been receiving a barrage of complaints, with close to 150 users claiming that their applications have been accessing their phone contacts without permission and bombarding them with unwanted text messages.
Regus Kenya was accused of spamming improper information to a complainant despite attempts to make them stop.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53652599Wed, 26 Apr 2023 14:16:25 +0000Africa Business RadioKenyan loan company, WhitePath Company Limited and workspace provider Regus Kenya are feeling the heat for not playing by the data protection rules, Techweez reports. Each company has been slapped with a hefty penalty of Ksh5 million as per the Data...Each company has been slapped with a hefty penalty of Ksh5 million as per the Data Protection Act and Complaints Handling Procedure and Enforcement Regulations.
It turns out that WhitePath has been receiving a barrage of complaints, with close to 150 users claiming that their applications have been accessing their phone contacts without permission and bombarding them with unwanted text messages.
Regus Kenya was accused of spamming improper information to a complainant despite attempts to make them stop.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>78africa_business_radio,data_breach,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/astrazeneca-and-south-africa-s-new-partnership--53652598The initiative will be done through a state-of-the-art Wi-Fi ultrasound probe that can detect cancer in seconds.
The partnership is part of AstraZeneca’s Africa Health Innovation Hub, an initiative mandated to use the latest science and technology to improve access to healthcare for patients on the continent.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53652598Wed, 26 Apr 2023 14:14:22 +0000Africa Business RadioGlobal pharmaceutical company AstraZeneca has announced that it is partnering with South African healthtech firm MedSol AI Solutions to help promote the use of Artificial Intelligence in the detection of breast cancer. The initiative will be done...The initiative will be done through a state-of-the-art Wi-Fi ultrasound probe that can detect cancer in seconds.
The partnership is part of AstraZeneca’s Africa Health Innovation Hub, an initiative mandated to use the latest science and technology to improve access to healthcare for patients on the continent.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>73africa_business_radio,astrazeneca,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/cape-town-to-fight-off-load-shedding-via-65-million-solar-pv-and-solar-battery-project--53652601The R1.2 billion project promises to shield the city from one full stage of load shedding.
The assistance will come in the form of expertise required for specialist studies regarding environmental impacts, the engineering design of the project, as well as the means to finance the project.
Of the R1.2 billion required for the project, the city will be allocating R447-million from its R2.3-billion budget to end load shedding over three years.
Other possible funding options which will be assessed include private-public partnerships or having an Independent Power Producer develop the project and then have the city enter into a power-purchase agreement for the electricity.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53652601Wed, 26 Apr 2023 14:04:38 +0000Africa Business RadioThe City of Cape Town has announced that it is pursuing the Paardevlei Ground-mounted Solar Photovoltaic and Battery Energy Storage System project. The R1.2 billion project promises to shield the city from one full stage of load shedding. The...The R1.2 billion project promises to shield the city from one full stage of load shedding.
The assistance will come in the form of expertise required for specialist studies regarding environmental impacts, the engineering design of the project, as well as the means to finance the project.
Of the R1.2 billion required for the project, the city will be allocating R447-million from its R2.3-billion budget to end load shedding over three years.
Other possible funding options which will be assessed include private-public partnerships or having an Independent Power Producer develop the project and then have the city enter into a power-purchase agreement for the electricity.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>113africa_business_radio,tech_newsfalsefullhttps://www.spreaker.com/episode/china-tech-giant-alibaba-to-roll-out-chatgpt-rival--53513545Its cloud computing unit says it will integrate the chatbot across Alibaba's businesses in the near future but did not give details on its timeline.
The company says Tongyi Qianwen, which is capable of working in English as well as Chinese, will initially be added to DingTalk, Alibaba's workplace messaging app.
Alibaba says it will also be integrated into Tmall Genie, which is similar to Amazon's Alexa voice assistant smart speaker.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53513545Wed, 12 Apr 2023 14:47:03 +0000Africa Business RadioChinese technology giant Alibaba has announced plans to roll out its own artificial intelligence ChatGPT-style product called Tongyi Qianwen. Its cloud computing unit says it will integrate the chatbot across Alibaba's businesses in the near future...Its cloud computing unit says it will integrate the chatbot across Alibaba's businesses in the near future but did not give details on its timeline.
The company says Tongyi Qianwen, which is capable of working in English as well as Chinese, will initially be added to DingTalk, Alibaba's workplace messaging app.
Alibaba says it will also be integrated into Tmall Genie, which is similar to Amazon's Alexa voice assistant smart speaker.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,chatgpt,china,tech_newsfalsefullhttps://www.spreaker.com/episode/google-bars-loan-apps-from-accessing-user-contacts-and-media--53513550The update, which was pushed to the Personal Loans Policy yesterday, will take effect from May 31st.
Kenya’s central bank and Nigeria’s Federal Competition and Consumer Protection Commission are gradually overhauling the industry, one licence at a time. Google is also privy to these changes, allowing only the licenced apps to remain on its platform
Google has been described in recent times as a pseudo-regulator of African digital credit providers.
This move adds another regulatory stroke that will further manage the operators in the space, and hopefully, deal a fatal blow to predatory lending in Africa

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53513550Wed, 12 Apr 2023 14:45:12 +0000Africa Business RadioGoogle has announced plans to restrict loan apps on its Play Store from accessing sensitive user data such as photos, videos, and contacts. The update, which was pushed to the Personal Loans Policy yesterday, will take effect from May 31st. Kenya’s...The update, which was pushed to the Personal Loans Policy yesterday, will take effect from May 31st.
Kenya’s central bank and Nigeria’s Federal Competition and Consumer Protection Commission are gradually overhauling the industry, one licence at a time. Google is also privy to these changes, allowing only the licenced apps to remain on its platform
Google has been described in recent times as a pseudo-regulator of African digital credit providers.
This move adds another regulatory stroke that will further manage the operators in the space, and hopefully, deal a fatal blow to predatory lending in Africa

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>118africa_business_radio,google,loan_apps,tech_newsfalsefullhttps://www.spreaker.com/episode/liquid-intelligent-technologies-commits-to-building-a-data-centre-in-zambia--53513549The agreement is part of an initiative to accelerate the country’s digital transformation and provide reliable and affordable connectivity to all Zambians.
The data centre is intended to respond to increasing data-hosting needs from local businesses and hyper scalers establishing their presence in Zambia.
The MOU entails a planned expansion of Liquid’s fibre network will see the connection of more towns across the country, and the physical infrastructure needed to connect schools and clinics along Liquid’s network will also be deployed.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53513549Wed, 12 Apr 2023 14:43:26 +0000Africa Business RadioLiquid Intelligent Technologies has signed a Memorandum of Understanding with the government of Zambia to launch a new data centre in the country. The agreement is part of an initiative to accelerate the country’s digital transformation and provide...The agreement is part of an initiative to accelerate the country’s digital transformation and provide reliable and affordable connectivity to all Zambians.
The data centre is intended to respond to increasing data-hosting needs from local businesses and hyper scalers establishing their presence in Zambia.
The MOU entails a planned expansion of Liquid’s fibre network will see the connection of more towns across the country, and the physical infrastructure needed to connect schools and clinics along Liquid’s network will also be deployed.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,tech_news,zambiafalsefullhttps://www.spreaker.com/episode/eskom-to-enter-the-venture-capital-industry-via-10-billion-pension-fund--53513547Bloomberg says the fund has about R185 billion worth of assets under management, with roughly two-thirds allocated to South African stocks, inflation-linked debt, property and nominal bonds.
Phathutshedzo Mabogo, deputy chief investment officer of the fund says they are about to invest in venture capital, which is a subset of private equity adding that they will start with offshore development markets like North America and Europe. We’ve committed $100 million.
Mabogo further adds that private equity and venture capital represent an area of growth that could deliver decent returns without introducing too much risk in the total portfolio.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53513547Wed, 12 Apr 2023 14:41:32 +0000Africa Business RadioThe Eskom Pension and Provident Fund plans to expand into venture capital to reduce its dependence on traditional investments. Bloomberg says the fund has about R185 billion worth of assets under management, with roughly two-thirds allocated to South...Bloomberg says the fund has about R185 billion worth of assets under management, with roughly two-thirds allocated to South African stocks, inflation-linked debt, property and nominal bonds.
Phathutshedzo Mabogo, deputy chief investment officer of the fund says they are about to invest in venture capital, which is a subset of private equity adding that they will start with offshore development markets like North America and Europe. We’ve committed $100 million.
Mabogo further adds that private equity and venture capital represent an area of growth that could deliver decent returns without introducing too much risk in the total portfolio.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>107africa_business_radio,eskom,tech_newsfalsefullhttps://www.spreaker.com/episode/28-of-south-africans-do-not-have-access-to-the-internet--53513551South Africa had 43.48 million internet users, an internet penetration rate of 72%. Social media users stood at 25.80 million people, roughly 42.9% of the total population which stood at 60 million.
The number of internet users in the country increased by 357,000 compared to the same period in 2022.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53513551Wed, 12 Apr 2023 14:37:32 +0000Africa Business RadioDataPortal’s Digital 2023 South Africa report shows that more than a quarter of the country’s population still does not have access to the internet. South Africa had 43.48 million internet users, an internet penetration rate of 72%. Social media...South Africa had 43.48 million internet users, an internet penetration rate of 72%. Social media users stood at 25.80 million people, roughly 42.9% of the total population which stood at 60 million.
The number of internet users in the country increased by 357,000 compared to the same period in 2022.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>110africa_business_radio,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-approves-173-loan-apps-to-operate-legally--53513546173 digital loan companies have been approved, with 119, including Renmoney and FairMoney, holding full approvals; and 54, including Soko Lending, holding conditional approvals.
These processes come at a critical time when loan apps are taking predatory and unethical steps to amass customers and deal with defaulters.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53513546Wed, 12 Apr 2023 14:35:01 +0000Africa Business RadioNigeria’s consumer protection agency, the Federal Competition and Consumer Protection Commission, released a list of all the loan apps licensed to operate in the country. 173 digital loan companies have been approved, with 119, including Renmoney and...173 digital loan companies have been approved, with 119, including Renmoney and FairMoney, holding full approvals; and 54, including Soko Lending, holding conditional approvals.
These processes come at a critical time when loan apps are taking predatory and unethical steps to amass customers and deal with defaulters.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>156africa_business_radio,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-pursues-legal-action-to-recover-funds--53513548The sources alleged that, much like the first incident on February 5, the perpetrators used monies fraudulently obtained from Flutterwave accounts to buy USDT on the crypto platform Binance.
The monies involved in both incidents in March are estimated to be N550 million. It remains unclear how the perpetrators were able to move the money.
Flutterwave denied the claims that the Flutterwave systems have not been hacked.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53513548Wed, 12 Apr 2023 14:33:28 +0000Africa Business RadioNigerian fintech unicorn, Flutterwave, was likely breached a second and third time on March 1 and 14, 2023. The sources alleged that, much like the first incident on February 5, the perpetrators used monies fraudulently obtained from Flutterwave...The sources alleged that, much like the first incident on February 5, the perpetrators used monies fraudulently obtained from Flutterwave accounts to buy USDT on the crypto platform Binance.
The monies involved in both incidents in March are estimated to be N550 million. It remains unclear how the perpetrators were able to move the money.
Flutterwave denied the claims that the Flutterwave systems have not been hacked.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,flutterwave,funds,online_banking,tech_newsfalsefullhttps://www.spreaker.com/episode/patreon-rival-fanfix-projects-paying-creators-50m--53440078Fanfix, a Patreon competitor that is focused on Gen Z creators and only allows clean content, may provide an extra revenue stream for creators.
The subscription content monetization platform enables influencers to earn money directly from their followers.
Fanfix says it paid out $11 million to creators so far, with projections to be at $50 million by the end of the year. It also claims a revenue run rate of $35 million and believes it will be profitable by Q1 2024.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53440078Wed, 05 Apr 2023 08:59:56 +0000Africa Business RadioThere’s a new social media content sheriff in town. As TikTok tried not to get banned in the U.S., thousands of Gen Z creators are using Fanfix to monetize content and interact with fans. And it’s already paid out $11 million to creators so far....Fanfix, a Patreon competitor that is focused on Gen Z creators and only allows clean content, may provide an extra revenue stream for creators.
The subscription content monetization platform enables influencers to earn money directly from their followers.
Fanfix says it paid out $11 million to creators so far, with projections to be at $50 million by the end of the year. It also claims a revenue run rate of $35 million and believes it will be profitable by Q1 2024.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>95africa_business_radio,fanfix,patreon,social_media,tech_newsfalsefullhttps://www.spreaker.com/episode/lightspeed-backs-indian-startup-zyod-to-make-apparel-manufacturing-more-efficient--53440076As the e-commerce sector makes inroads, consumers are finding increasing convenience in purchasing clothes online.
This stands in stark contrast to the traditional supply chain’s 180-day lead time and 2,000-piece minimum order, said Zyod co-founder Ankit Jaipuria in an interview.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53440076Wed, 05 Apr 2023 08:57:31 +0000Africa Business RadioZyod, an Indian startup offering apparel sourcing and manufacturing to fashion brands globally, has raised $3.5 million in seed funding led by Lightspeed Venture India Partners. As the e-commerce sector makes inroads, consumers are finding increasing...As the e-commerce sector makes inroads, consumers are finding increasing convenience in purchasing clothes online.
This stands in stark contrast to the traditional supply chain’s 180-day lead time and 2,000-piece minimum order, said Zyod co-founder Ankit Jaipuria in an interview.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,india,startup,tech_news,zyodfalsefullhttps://www.spreaker.com/episode/shuttlers-raises-4m-to-fuel-its-shared-mobility-solution-across-nigeria--53440075Shuttlers’ business primarily focuses on corporate trips and commutes. In Lagos, Africa’s most populous city, the average professional who commutes to work daily or several times a week meets roads riddled with intense traffic congestion and dangerous carbon emissions.
It has three payment plans: Companies pay full fares for employees, companies split fares with employees, and individual customers — unaffiliated with any partner company — pay fares themselves. The fares range from N850 (~$1.96) and N1300 (~$2.60).

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53440075Wed, 05 Apr 2023 08:54:49 +0000Africa Business RadioShuttlers, a Nigerian shared mobility company that allows individual and corporate passengers to take rides on multiple bus routes via an app, has raised $4 million in a new funding round led by Verod-Kepple Africa Ventures, a Pan-African focused...Shuttlers’ business primarily focuses on corporate trips and commutes. In Lagos, Africa’s most populous city, the average professional who commutes to work daily or several times a week meets roads riddled with intense traffic congestion and dangerous carbon emissions.
It has three payment plans: Companies pay full fares for employees, companies split fares with employees, and individual customers — unaffiliated with any partner company — pay fares themselves. The fares range from N850 (~$1.96) and N1300 (~$2.60).

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>120africa_business_radio,mobility,nigeria,shuttlersfalsefullhttps://www.spreaker.com/episode/microsoft-begins-wave-of-african-layoffs-in-kenya--53440074Microsoft had hired over 500 developers by June 2022, most of whom were poached from local tech firms. According to several LinkedIn posts from now-former employees, the global giant has laid off some developers in Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53440074Wed, 05 Apr 2023 08:52:39 +0000Africa Business RadioEdward Ochieng, CTO of Sklylab Systems, Microsoft’s Africa Development Centre was also affected by the layoffs. Microsoft opened its ADC branch in Kenya and Nigeria in 2019 in a move it called a long-term investment and promised to spend $100 million...Microsoft had hired over 500 developers by June 2022, most of whom were poached from local tech firms. According to several LinkedIn posts from now-former employees, the global giant has laid off some developers in Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98afrrica_business_radio,kenya,microsoft,tech_africa,tech_layofffalsefullhttps://www.spreaker.com/episode/kenya-receives-378-million-from-the-eu-to-power-electric-brts--53440079The financing will enable Kenya to build the necessary infrastructure to make its bus rapid transit system more efficient and cost-effective.
Kenya’s upcoming Green Mobility-Nairobi core bus rapid transit line 3 will feature zero-emission electric buses and will introduce intelligent transport system features.
Kenya announced it would only operate electric vehicles on the BRT system, but that has not been the case as the funds to move this from plan to project have not been particularly available.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53440079Wed, 05 Apr 2023 08:50:05 +0000Africa Business RadioKenya has received Ksh 50 billion from the European Union to facilitate the electrification of the country’s public transport system. The financing will enable Kenya to build the necessary infrastructure to make its bus rapid transit system more...The financing will enable Kenya to build the necessary infrastructure to make its bus rapid transit system more efficient and cost-effective.
Kenya’s upcoming Green Mobility-Nairobi core bus rapid transit line 3 will feature zero-emission electric buses and will introduce intelligent transport system features.
Kenya announced it would only operate electric vehicles on the BRT system, but that has not been the case as the funds to move this from plan to project have not been particularly available.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,electric_cars,kenya,news,tech_newsfalsefullhttps://www.spreaker.com/episode/cote-d-ivoire-to-launch-a-national-startup-act--53440077This follows a string of startup laws that have been enacted across Africa as several governments looking to support and build their technology ecosystems.
Florence Tahiri Fadika, a technical advisor in charge of innovation and change at the country’s Ministry of Communication and the Digital Economy says the benchmarking mission, organised by the NTF V project, enabled us to benefit from Tunisia’s experience and to identify good practices.
A committee of experts and enthusiasts will grant a Startup Act award, with beneficiary startups able to access new opportunities in terms of training, financing, promotion, and access to public contracts and international markets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53440077Wed, 05 Apr 2023 08:38:45 +0000Africa Business RadioCote d’Ivoire has announced plans to launch its startup act, which will offer support to its burgeoning startup ecosystem. This follows a string of startup laws that have been enacted across Africa as several governments looking to support and build...This follows a string of startup laws that have been enacted across Africa as several governments looking to support and build their technology ecosystems.
Florence Tahiri Fadika, a technical advisor in charge of innovation and change at the country’s Ministry of Communication and the Digital Economy says the benchmarking mission, organised by the NTF V project, enabled us to benefit from Tunisia’s experience and to identify good practices.
A committee of experts and enthusiasts will grant a Startup Act award, with beneficiary startups able to access new opportunities in terms of training, financing, promotion, and access to public contracts and international markets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa,africa_business_radio,cote_d’ivoire,start-up_bill,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-reverses-30-ownership-rule-of-foreign-tech-companies--53440080The rule was implemented in 2020 to encourage Kenyan participation in the ICT and science and technology sector through equity ownership.
It has also limited competition from foreign-owned companies that could not afford the heavy regulation.
Tech publication Techweez suggests that the president did away with the rules for the tech giant Amazon which is about to set up shop in Nairobi.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53440080Wed, 05 Apr 2023 08:32:13 +0000Africa Business RadioKenya’s president William Ruto has reversed the rule that mandates that foreign companies must have at least 30% Kenyan ownership to operate in the country. The rule was implemented in 2020 to encourage Kenyan participation in the ICT and science and...The rule was implemented in 2020 to encourage Kenyan participation in the ICT and science and technology sector through equity ownership.
It has also limited competition from foreign-owned companies that could not afford the heavy regulation.
Tech publication Techweez suggests that the president did away with the rules for the tech giant Amazon which is about to set up shop in Nairobi.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>116africa,africa_business_radio,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/github-slashes-engineering-team-in-india--53375614The developer firm has eliminated over 100 jobs in the South Asian market.
Gergely Orosz, a former software engineer who runs a popular newsletter Pragmatic Engineer, first reported about the job cuts.
A GitHub spokesperson says that the layoff is part of the streamlining effort the firm had disclosed in February.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53375614Wed, 29 Mar 2023 08:44:49 +0000Africa Business RadioGitHub, the popular developer platform, has laid off virtually its entire engineering team in India in an unusual move as the Microsoft-owned firm cuts its expenses amid the weakening global market conditions. The developer firm has eliminated over...The developer firm has eliminated over 100 jobs in the South Asian market.
Gergely Orosz, a former software engineer who runs a popular newsletter Pragmatic Engineer, first reported about the job cuts.
A GitHub spokesperson says that the layoff is part of the streamlining effort the firm had disclosed in February.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,github,job_cut,tech_newsfalsefullhttps://www.spreaker.com/episode/isar-aerospace-raises-165-million-to-bring-more-sovereign-launch-to-europe--53375617Isar CEO Daniel Metzler says that European governments are waking up to the geopolitical and economic upsides to sovereign launch capabilities.
Isar’s funding history reflects this increasing overlap between public and private interests.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53375617Wed, 29 Mar 2023 08:42:20 +0000Africa Business RadioGerman launch startup Isar Aerospace has scored $165 million in new funding as it races toward the inaugural flight of its Spectrum small rocket later this year. Isar CEO Daniel Metzler says that European governments are waking up to the geopolitical...Isar CEO Daniel Metzler says that European governments are waking up to the geopolitical and economic upsides to sovereign launch capabilities.
Isar’s funding history reflects this increasing overlap between public and private interests.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>73aerospace,africa_business_radio,tech_newsfalsefullhttps://www.spreaker.com/episode/apple-acquired-a-startup-using-ai-to-compress-videos--53375618WaveOne’s former head of sales and business development, Bob Stankosh, announced the sale in a LinkedIn post published a month ago.
WaveOne was founded in 2016 by Lubomir Bourdev and Oren Rippel, who set out to take the decades-old paradigm of video codecs and make them AI-powered.
Before joining the venture, Bourdev was a founding member of Meta’s AI research division, and both he and Rippel worked on Meta’s computer vision team responsible for content moderation, visual search and feed ranking on Facebook.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53375618Wed, 29 Mar 2023 08:39:37 +0000Africa Business RadioApple has quietly acquired a Mountain View-based startup, WaveOne, that was developing AI algorithms for compressing video. WaveOne’s former head of sales and business development, Bob Stankosh, announced the sale in a LinkedIn post published a month...WaveOne’s former head of sales and business development, Bob Stankosh, announced the sale in a LinkedIn post published a month ago.
WaveOne was founded in 2016 by Lubomir Bourdev and Oren Rippel, who set out to take the decades-old paradigm of video codecs and make them AI-powered.
Before joining the venture, Bourdev was a founding member of Meta’s AI research division, and both he and Rippel worked on Meta’s computer vision team responsible for content moderation, visual search and feed ranking on Facebook.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,ai,apple,tech,waveonefalsefullhttps://www.spreaker.com/episode/stitch-evolves-into-full-payments-services-provider-with-new-products--53375615Stitch becomes an end-to-end Payments Service Provider (or PSP, defined as a third party that enables businesses to accept, manage and send digital payments through a variety of methods).
Stitch president Junaid Dadan says they operate as a client-first business and have found that clients see us as a thought partner in the way they run their payments environments.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53375615Wed, 29 Mar 2023 08:36:20 +0000Africa Business RadioSouth African fintech Stitch has announced the addition of card and debit order pay-ins, as well as a payments management system PayOS, for payments orchestration and reconciliation. Stitch becomes an end-to-end Payments Service Provider (or PSP,...Stitch becomes an end-to-end Payments Service Provider (or PSP, defined as a third party that enables businesses to accept, manage and send digital payments through a variety of methods).
Stitch president Junaid Dadan says they operate as a client-first business and have found that clients see us as a thought partner in the way they run their payments environments.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa,africa_business_radio,south_africa,stitch,tech_newsfalsefullhttps://www.spreaker.com/episode/twitter-code-leak-raises-red-flags-for-african-tech-founders--53375616The New York Times, says the code had been available online for months before Twitter took action to have it removed on Friday.
Executives investigating the matter say the leak may have been done by an employee who left the San-Fransico-based company last year.
GitHub, which took down the code on that same day, has also been subpoenaed by Twitter to identify the individual who leaked the code, as well as any other parties who may have downloaded it.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53375616Wed, 29 Mar 2023 08:34:30 +0000Africa Business RadioTwitter is actively seeking the person responsible for the recent leak of parts of its source code, which was posted on Microsoft-owned GitHub. The New York Times, says the code had been available online for months before Twitter took action to have...The New York Times, says the code had been available online for months before Twitter took action to have it removed on Friday.
Executives investigating the matter say the leak may have been done by an employee who left the San-Fransico-based company last year.
GitHub, which took down the code on that same day, has also been subpoenaed by Twitter to identify the individual who leaked the code, as well as any other parties who may have downloaded it.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa,africa_business_radio,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/rwazi-raises-4m-to-help-global-brands-understand-customers-in-emerging-markets--53375613With this fresh capital, Rwazi will double down on its penetration into emerging markets like Africa and South Asia.
Rwazi crowdsources data collection through an app, working with on-the-ground consumers who are paid for sharing details about the products they buy.
Joseph Rutakangwa, co-founded Rwazi says they have already built a network of 50,000 local consumers across Africa who provide our paying subscribers, including Fortune 500 global brands, with unparalleled insight into who’s buying what, for how much, from where, when, and why.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53375613Wed, 29 Mar 2023 08:32:24 +0000Africa Business RadioRwazi, a market intelligence startup that helps the world to understand consumers in emerging markets, has raised $4 million in a seed round led by Bonfire Ventures. With this fresh capital, Rwazi will double down on its penetration into emerging...With this fresh capital, Rwazi will double down on its penetration into emerging markets like Africa and South Asia.
Rwazi crowdsources data collection through an app, working with on-the-ground consumers who are paid for sharing details about the products they buy.
Joseph Rutakangwa, co-founded Rwazi says they have already built a network of 50,000 local consumers across Africa who provide our paying subscribers, including Fortune 500 global brands, with unparalleled insight into who’s buying what, for how much, from where, when, and why.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>106africa,africa_business_radio,business,rwazi,startup,tech_newsfalsefullhttps://www.spreaker.com/episode/india-warns-against-abusive-obscene-content-on-streaming-services--53281525Anurag Thakur, Union Minister of Information Broadcasting and Sports and Youth Affairs, says that the use of abusive language in the name of creativity will not be tolerated and that the government is receiving a growing list of complaints about increasing abusive and obscene content.
Thakur warned that New Delhi will not shy away from making any changes in the rules to address this situation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53281525Tue, 21 Mar 2023 13:35:10 +0000Africa Business RadioIndia will not tolerate the use of abusive language in movies and TV shows on on-demand video streaming services handed over direct ministerial power for censorship. Anurag Thakur, Union Minister of Information Broadcasting and Sports and Youth...Anurag Thakur, Union Minister of Information Broadcasting and Sports and Youth Affairs, says that the use of abusive language in the name of creativity will not be tolerated and that the government is receiving a growing list of complaints about increasing abusive and obscene content.
Thakur warned that New Delhi will not shy away from making any changes in the rules to address this situation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,india,tech_newsfalsefullhttps://www.spreaker.com/episode/google-flags-apps-made-by-popular-chinese-e-commerce-giant-as-malware--53281524Multiple Chinese security researchers accused Pinduoduo, a rising e-commerce giant that boasts almost 800 million active users, of making apps for Android that contain malware designed to monitor users.
Ed Fernandez, a Google spokesperson, says that off-Play versions of this app that have been found to contain malware have been enforced via Google Play Protect, referring to apps that are not on Google Play.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53281524Tue, 21 Mar 2023 13:33:42 +0000Africa Business RadioGoogle announced that it had flagged several apps made by a Chinese e-commerce giant as malware, alerting users who had them installed, and suspended the company’s official app. Multiple Chinese security researchers accused Pinduoduo, a rising...Multiple Chinese security researchers accused Pinduoduo, a rising e-commerce giant that boasts almost 800 million active users, of making apps for Android that contain malware designed to monitor users.
Ed Fernandez, a Google spokesperson, says that off-Play versions of this app that have been found to contain malware have been enforced via Google Play Protect, referring to apps that are not on Google Play.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>70africa_business_radio,china,e-commerce,google,tech_newsfalsefullhttps://www.spreaker.com/episode/facebook-political-microtargeting-at-center-of-gdpr-complaints-in-germany--53281521The European Union’s General Data Protection Regulation classes information on political opinions as so-called ‘special category data’ which has a higher bar for processing (either explicit consent; or it was expressively made public by the data subject themselves; or some vital/public health or other not-for-profit interest applies, none of which looks likely here, given this is Facebook political ads we’re talking about).
Noyb says neither Facebook nor the political parties who paid the tech giant to run microtargeted ads, obtained express consent from the users whose information was processed.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53281521Tue, 21 Mar 2023 13:31:14 +0000Africa Business RadioThe precision-punching European privacy rights campaign group has used data donated by users of the ‘Who Targets me‘ browser extension, which analyzes political microtargeting on Facebook, to build a case against every political party in Germany. The...The European Union’s General Data Protection Regulation classes information on political opinions as so-called ‘special category data’ which has a higher bar for processing (either explicit consent; or it was expressively made public by the data subject themselves; or some vital/public health or other not-for-profit interest applies, none of which looks likely here, given this is Facebook political ads we’re talking about).
Noyb says neither Facebook nor the political parties who paid the tech giant to run microtargeted ads, obtained express consent from the users whose information was processed.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>126africa_business_radio,tech_newsfalsefullhttps://www.spreaker.com/episode/chipper-cash-reportedly-considering-a-sale--53281529Bloomberg says the conversations are private, but Chipper Cash told the publication that it never sought to be acquired.
Chipper Cash, says It’s been fairly common practice for them to receive various M&A proposals from different parties, which they evaluate to varying degrees.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53281529Tue, 21 Mar 2023 13:27:57 +0000Africa Business RadioBloomberg reports that Chipper Cash, one of Africa’s more prominent fintech companies and unicorns, is reportedly considering selling the company or seeking new investors. Bloomberg says the conversations are private, but Chipper Cash told the...Bloomberg says the conversations are private, but Chipper Cash told the publication that it never sought to be acquired.
Chipper Cash, says It’s been fairly common practice for them to receive various M&A proposals from different parties, which they evaluate to varying degrees.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>78africa_business_radio,chippercash,fintech,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-gains-new-licence-in-rwanda--53281528With these licences, Flutterwave can now offer money deposit and withdrawal, electronic funds transfer, as well as inbound and outbound remittance services to the lovely people of Rwanda.
Flutterwave will be offering a range of products to Rwanda’s e-commerce industry, including its cross-border money transfer solution, Send by Flutterwave. Flutterwave for Business and its suite of products, including Store, payment links, invoices, and checkout, will also be opened to Rwanda’s booming eCommerce market.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53281528Tue, 21 Mar 2023 13:25:57 +0000Africa Business RadioFlutterwave has obtained its Electronic Money Issuer and Remittance Licences from the National Bank of Rwanda. With these licences, Flutterwave can now offer money deposit and withdrawal, electronic funds transfer, as well as inbound and outbound...With these licences, Flutterwave can now offer money deposit and withdrawal, electronic funds transfer, as well as inbound and outbound remittance services to the lovely people of Rwanda.
Flutterwave will be offering a range of products to Rwanda’s e-commerce industry, including its cross-border money transfer solution, Send by Flutterwave. Flutterwave for Business and its suite of products, including Store, payment links, invoices, and checkout, will also be opened to Rwanda’s booming eCommerce market.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa_business_radio,flutterwave,rwanda,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-launches-672-million-tech-fund--53281527Vice president Yemi Osinbajo says the African Development Bank (AfDB) will lead the fund with $170 million, while $116 million will come from Agence Francaise de Developpement.
AfDB, says the fund will “marks the rollout of a flagship initiative that will drive vital funding for Nigeria’s digital and creative industries.
AfDB noted that the fund will see investments across 200 tech and creative startups, and 450 tech-powered SMEs. Over 175,000 young Nigerians will also receive direct access to capacity-building services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53281527Tue, 21 Mar 2023 13:22:38 +0000Africa Business RadioThe Nigerian government has launched a $672 million fund for tech for young people in its tech and creative sectors six months after passing the Nigerian Startup Act, Vice president Yemi Osinbajo says the African Development Bank (AfDB) will lead the...Vice president Yemi Osinbajo says the African Development Bank (AfDB) will lead the fund with $170 million, while $116 million will come from Agence Francaise de Developpement.
AfDB, says the fund will “marks the rollout of a flagship initiative that will drive vital funding for Nigeria’s digital and creative industries.
AfDB noted that the fund will see investments across 200 tech and creative startups, and 450 tech-powered SMEs. Over 175,000 young Nigerians will also receive direct access to capacity-building services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,nigeria,tech_fund,tech_newsfalsefullhttps://www.spreaker.com/episode/zumi-shuts-down-again-letting-go-of-150-employees--53281523This close will see the company lay off its team of 150 people who have previous work experience from companies like SpaceX, Amazon, Twiga, and Jumia.
CEO and co-founder of the Kenya-based startup, William McCarren, announced the company’s close in a Linkedin post saying, the current macro environment has made fundraising extremely difficult, and unfortunately, our business was not able to achieve sustainability in time to survive.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53281523Tue, 21 Mar 2023 13:18:36 +0000Africa Business RadioB2B e-commerce startup Zumi is shutting down due to its inability to raise the funding necessary to sustain its operations. This close will see the company lay off its team of 150 people who have previous work experience from companies like SpaceX,...This close will see the company lay off its team of 150 people who have previous work experience from companies like SpaceX, Amazon, Twiga, and Jumia.
CEO and co-founder of the Kenya-based startup, William McCarren, announced the company’s close in a Linkedin post saying, the current macro environment has made fundraising extremely difficult, and unfortunately, our business was not able to achieve sustainability in time to survive.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,start-up,tech_news,zumifalsefullhttps://www.spreaker.com/episode/meta-winds-down-support-for-nfts-on-instagram-and-facebook--53209816By July, Meta expanded NFT support on Instagram for creators in 100 countries. Less than a year later, Meta is moving on from NFTs.
Kasriel says they are winding down digital collectables, for now, to focus on other ways to support creators, people, and businesses.
The company says it is testing ways for creators to earn ad revenue on Reels.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53209816Wed, 15 Mar 2023 12:00:45 +0000Africa Business RadioMeta’s head of commerce and financial technologies Stephane Kasriel says that the company will sunset its NFT and digital collectables features on Instagram and Facebook. By July, Meta expanded NFT support on Instagram for creators in 100 countries....By July, Meta expanded NFT support on Instagram for creators in 100 countries. Less than a year later, Meta is moving on from NFTs.
Kasriel says they are winding down digital collectables, for now, to focus on other ways to support creators, people, and businesses.
The company says it is testing ways for creators to earn ad revenue on Reels.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,meta,nft,tech_newsfalsefullhttps://www.spreaker.com/episode/echovc-launches-8-million-fund-for-blockchain-powered-startups--53209814The fresh capital will be deployed to blockchain startups that are substantiating the utility of blockchain products and solving some of Africa’s pressing challenges.
EchoVC is notably raising this capital at a time when overall customer and investor trust in crypto and blockchain startups seems to be hanging by a thread. The past year has not been rosy for blockchain players in African tech.
EchoVC’s founder and general managing partner, Eghosa Omoigui, acknowledge these struggles, yet, he’s convinced that there is no better time than now to launch the blockchain-focused fund for African startups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53209814Wed, 15 Mar 2023 11:58:05 +0000Africa Business RadioEchoVC, a pan-African VC firm with a global presence, has announced a fresh $8 million fund dedicated to blockchain startups in Africa. The fresh capital will be deployed to blockchain startups that are substantiating the utility of blockchain...The fresh capital will be deployed to blockchain startups that are substantiating the utility of blockchain products and solving some of Africa’s pressing challenges.
EchoVC is notably raising this capital at a time when overall customer and investor trust in crypto and blockchain startups seems to be hanging by a thread. The past year has not been rosy for blockchain players in African tech.
EchoVC’s founder and general managing partner, Eghosa Omoigui, acknowledge these struggles, yet, he’s convinced that there is no better time than now to launch the blockchain-focused fund for African startups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>111africa_business_radio,blockchain,echovc,startup,tech_newsfalsefullhttps://www.spreaker.com/episode/silicon-valley-bank-s-uk-unit-to-be-acquired-for-one-pound-by-hsbc-subsidiary--53209818The deal, described as a strategic acquisition to strengthen HSBC’s banking franchise in the UK, will further restrict the economic fallout resulting from the bank’s collapse.
HSBC Group CEO, Noel Quinn, says his acquisition makes excellent strategic sense for our business in the UK.
It strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life science sectors, in the UK and internationally.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53209818Wed, 15 Mar 2023 11:50:31 +0000Africa Business RadioHSBC Holdings Plc has announced that its UK subsidiary, HSBC UK Bank, will acquire Silicon Valley Bank UK for £1. The deal, described as a strategic acquisition to strengthen HSBC’s banking franchise in the UK, will further restrict the economic...The deal, described as a strategic acquisition to strengthen HSBC’s banking franchise in the UK, will further restrict the economic fallout resulting from the bank’s collapse.
HSBC Group CEO, Noel Quinn, says his acquisition makes excellent strategic sense for our business in the UK.
It strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life science sectors, in the UK and internationally.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,hsbc_subsidiary,tech_newsfalsefullhttps://www.spreaker.com/episode/naspers-shuts-down-south-africa-s-largest-vc-fund--53209815Post the sunsetting of the fund, the Foundry will continue to maintain the investments it has made which include in startups like Naked Insurance, SweepSouth, and most recently, Planet42’s $100 million mega-round.
Naspers will continue to support the development of SA’s early-stage tech sector, assessing the market and new opportunities in a way that is consistent with our other global markets.
Since its launch in 2019, Naspers Foundry has funded over nine startups to the tune of over R740 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53209815Wed, 15 Mar 2023 11:44:14 +0000Africa Business RadioAfrica’s most valuable company by market capitalisation, Naspers, has shut down its venture capital fund Naspers Foundry in an effort to scale down its operations. Post the sunsetting of the fund, the Foundry will continue to maintain the investments...Post the sunsetting of the fund, the Foundry will continue to maintain the investments it has made which include in startups like Naked Insurance, SweepSouth, and most recently, Planet42’s $100 million mega-round.
Naspers will continue to support the development of SA’s early-stage tech sector, assessing the market and new opportunities in a way that is consistent with our other global markets.
Since its launch in 2019, Naspers Foundry has funded over nine startups to the tune of over R740 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,nasper,south_africa,tech_news,vc_fundfalsefullhttps://www.spreaker.com/episode/nigeria-sovereign-investment-authority-launches-portal-for-tech-competition--53209817It says that the newly opened portal was the only means for submitting applications for the programme with each applicant allowed only one entry.
It says the agency had December 2022 launched the NSIA Prize for Innovation programme with a total prize value of $255,000 to be awarded as a combination of cash and equity investment to the underlying businesses of the winners.
NSIA introduced the NPI as a measure to stimulate the ingenuity of Nigerian startups, innovators and technopreneurs to develop solutions that address real-world challenges with global applications.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53209817Wed, 15 Mar 2023 11:37:30 +0000Africa Business RadioThe Nigeria Sovereign Investment Authority has opened an application portal for the maiden edition of its prize for an innovation programme. It says that the newly opened portal was the only means for submitting applications for the programme with...It says that the newly opened portal was the only means for submitting applications for the programme with each applicant allowed only one entry.
It says the agency had December 2022 launched the NSIA Prize for Innovation programme with a total prize value of $255,000 to be awarded as a combination of cash and equity investment to the underlying businesses of the winners.
NSIA introduced the NPI as a measure to stimulate the ingenuity of Nigerian startups, innovators and technopreneurs to develop solutions that address real-world challenges with global applications.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,news,nigeria,tech_news,tech_startupfalsefullhttps://www.spreaker.com/episode/whatsapp-agrees-to-clean-up-its-user-messaging-in-the-eu--53133037WhatsApp triggered a major user backlash after it pushed out an aggressive and confusingly worded update to its ToS that required users to accept the update in order to continue using the platform without making it clear what exactly was changing.
The episode caused widespread confusion and drove some users to ditch the platform altogether — with rivals like Signal and Telegram reporting a surge in adoption.
The Commission asked WhatsApp to confirm whether or not it derives any revenue from commercial policies related to user data.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53133037Wed, 08 Mar 2023 12:03:57 +0000Africa Business RadioThe European Commission has just announced that messaging platform, Whatsapp has agreed to improve how it communicates to users and presents future ToS updates. WhatsApp triggered a major user backlash after it pushed out an aggressive and...WhatsApp triggered a major user backlash after it pushed out an aggressive and confusingly worded update to its ToS that required users to accept the update in order to continue using the platform without making it clear what exactly was changing.
The episode caused widespread confusion and drove some users to ditch the platform altogether — with rivals like Signal and Telegram reporting a surge in adoption.
The Commission asked WhatsApp to confirm whether or not it derives any revenue from commercial policies related to user data.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>116africa_business_radio,eu,tech_news,whatsappfalsefullhttps://www.spreaker.com/episode/mfs-africa-partners-with-western-union--53133041Users of the MFS Africa platform will be able to receive money from over 200 countries in their mobile wallets. MFS Africa reportedly connects over 400 million mobile money wallets and 200 million bank accounts across 35 African countries.
The partnership will launch its service first in Madagascar before expanding to other African regions.
Hassan Chatila, the global head of the account payout network at Western Union says their efforts to drive global financial inclusion mean delivering on customer needs today and into the future.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53133041Wed, 08 Mar 2023 12:02:00 +0000Africa Business RadioAfrica’s largest digital payments network MFS Africa has announced a partnership with Western Union. Users of the MFS Africa platform will be able to receive money from over 200 countries in their mobile wallets. MFS Africa reportedly connects over...Users of the MFS Africa platform will be able to receive money from over 200 countries in their mobile wallets. MFS Africa reportedly connects over 400 million mobile money wallets and 200 million bank accounts across 35 African countries.
The partnership will launch its service first in Madagascar before expanding to other African regions.
Hassan Chatila, the global head of the account payout network at Western Union says their efforts to drive global financial inclusion mean delivering on customer needs today and into the future.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,digital_payment,mfs,tech_news,western_unionfalsefullhttps://www.spreaker.com/episode/kenya-launches-tax-monitoring-system--53133036The Kenya Revenue Authority has launched a new tax-monitoring software: the electronic Tax Invoice Management System (eTIMS).
KRA deputy commissioner George Obel says the new system will improve compliance with VAT law through transparency and visibility of transactions subject to VAT.
The KRA has urged all taxpayers and businesses to onboard themselves on the eTIMS platform or risk paying a fine of up to Ksh1 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53133036Wed, 08 Mar 2023 11:59:16 +0000Africa Business RadioKenya is planning to generate Ksh3 trillion in taxes in the 2023/24 financial year, and Ksh4 trillion over the medium term. The Kenya Revenue Authority has launched a new tax-monitoring software: the electronic Tax Invoice Management System (eTIMS)....The Kenya Revenue Authority has launched a new tax-monitoring software: the electronic Tax Invoice Management System (eTIMS).
KRA deputy commissioner George Obel says the new system will improve compliance with VAT law through transparency and visibility of transactions subject to VAT.
The KRA has urged all taxpayers and businesses to onboard themselves on the eTIMS platform or risk paying a fine of up to Ksh1 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa_business_radio,kenya,tax,tech_newsfalsefullhttps://www.spreaker.com/episode/safaricom-sued-for-2-4-billion-in-kenya--53133038Three plaintiffs have indicted Safaricom and Vodafone in a lawsuit which claims that Safaricom is operating its M-Pesa arm and Fuliza, its overdraft service, illegally.
According to the petitioners—Gichuki Waigwa, Lucy Nzola, and Godfrey Okutoyi—since Safaricom uses the money from non-borrowing M-Pesa account holders as loans to Fuliza users, then the interest Safaricom accrues from Fuliza should be shared with all M-Pesa account holders.
The petitioners, who allege to be acting on behalf of all M-Pesa users, now want Ksh305 billion ($2.4 billion) in damages for fraudulent misrepresentation and non-disclosure of information.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53133038Wed, 08 Mar 2023 11:57:43 +0000Africa Business RadioSafaricom is in court over the operations of its mobile money arm, M-Pesa. Three plaintiffs have indicted Safaricom and Vodafone in a lawsuit which claims that Safaricom is operating its M-Pesa arm and Fuliza, its overdraft service, illegally....Three plaintiffs have indicted Safaricom and Vodafone in a lawsuit which claims that Safaricom is operating its M-Pesa arm and Fuliza, its overdraft service, illegally.
According to the petitioners—Gichuki Waigwa, Lucy Nzola, and Godfrey Okutoyi—since Safaricom uses the money from non-borrowing M-Pesa account holders as loans to Fuliza users, then the interest Safaricom accrues from Fuliza should be shared with all M-Pesa account holders.
The petitioners, who allege to be acting on behalf of all M-Pesa users, now want Ksh305 billion ($2.4 billion) in damages for fraudulent misrepresentation and non-disclosure of information.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>110africa_business_radio,kenya,safaricom,tech_news,telecomfalsefullhttps://www.spreaker.com/episode/retail-focused-startup-alerzo-lays-off-400-people--53133039The new layoffs come after the company laid off hundreds of employees in August and September 2022.
The company says due to this increased digitization, some roles that were previously required no longer are necessary, specifically for our internal warehouse operations.” As part of the new round of layoffs.
Alerzo is reportedly reducing its business footprint and will now close 14 warehouses across the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53133039Wed, 08 Mar 2023 11:52:49 +0000Africa Business RadioAlerzo, a technology platform that caters to retail stores, has laid off at least 400 people. The new layoffs come after the company laid off hundreds of employees in August and September 2022. The company says due to this increased digitization,...The new layoffs come after the company laid off hundreds of employees in August and September 2022.
The company says due to this increased digitization, some roles that were previously required no longer are necessary, specifically for our internal warehouse operations.” As part of the new round of layoffs.
Alerzo is reportedly reducing its business footprint and will now close 14 warehouses across the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>95africa_business_radio,alerzo,start-up,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-state-waives-right-of-way-fees-and-localises-startup-act-to-attract-tech-startups--53133040Ademola Adeleke, the governor of Osun state, disclosed the cancellation of ROW fees today as part of a digital economy policy.
The state is betting that cancelling right-of-way fees–a contentious matter between state governments and Nigeria’s telecommunications commission–will improve broadband penetration.
According to the National Bureau of Statistics, there were 3.5 million active internet subscriptions in Osun state in Q1 2021.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/53133040Wed, 08 Mar 2023 11:46:11 +0000Africa Business RadioOsun state officially cancels right-of-way fees, allowing telecom companies and internet providers to lay fibre optic cables for free. Ademola Adeleke, the governor of Osun state, disclosed the cancellation of ROW fees today as part of a digital...Ademola Adeleke, the governor of Osun state, disclosed the cancellation of ROW fees today as part of a digital economy policy.
The state is betting that cancelling right-of-way fees–a contentious matter between state governments and Nigeria’s telecommunications commission–will improve broadband penetration.
According to the National Bureau of Statistics, there were 3.5 million active internet subscriptions in Osun state in Q1 2021.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,osun,right_of_way,start-up,tech_newsfalsefullhttps://www.spreaker.com/episode/canada-bans-tiktok-on-government-devices--52886996The European Commission issued its directive to remove TikTok from government devices late last week.
Treasury Board President Mona Fortier says the decision to remove and block TikTok from government mobile devices is being taken as a precaution, particularly given concerns about the legal regime that governs the information collected from mobile devices, and is in line with the approach of our international partners.
TikTok claims that the Canadian government did not reach out to discuss concerns about the app.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52886996Wed, 01 Mar 2023 09:02:07 +0000Africa Business RadioTikTok has been banned from government-issued mobile devices in Canada, the country’s Treasury Board announced Monday. The European Commission issued its directive to remove TikTok from government devices late last week. Treasury Board President...The European Commission issued its directive to remove TikTok from government devices late last week.
Treasury Board President Mona Fortier says the decision to remove and block TikTok from government mobile devices is being taken as a precaution, particularly given concerns about the legal regime that governs the information collected from mobile devices, and is in line with the approach of our international partners.
TikTok claims that the Canadian government did not reach out to discuss concerns about the app.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,canada,tech_news,tiktokfalsefullhttps://www.spreaker.com/episode/meta-experimenting-with-ai-powered-chat-on-whatsapp-and-messenger--52886991Zuckerberg says the team will focus on building creative tools at first, but its long-term goal is to create “AI personas that can help people in a variety of ways.
The company, however, has to do a lot of foundational work before it shares these “futuristic” experiences with users.
Meta is also experimenting with AI-aided filters and ad formats on Instagram along with video and multi-modal experiences.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52886991Wed, 01 Mar 2023 08:59:51 +0000Africa Business RadioMeta is testing AI-powered tools for its products. Mark Zuckerberg has announced that the company is building a new top-level product group to integrate generative AI into its services used by billions of users. Zuckerberg says the team will focus on...Zuckerberg says the team will focus on building creative tools at first, but its long-term goal is to create “AI personas that can help people in a variety of ways.
The company, however, has to do a lot of foundational work before it shares these “futuristic” experiences with users.
Meta is also experimenting with AI-aided filters and ad formats on Instagram along with video and multi-modal experiences.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,ai_chat,messenger,meta,tech_news,whatsappfalsefullhttps://www.spreaker.com/episode/snapchat-launches-an-ai-chatbot-powered-by-openai-s-gpt-technology--52886992My AI is now available as an experimental feature for Snapchat+, the social network’s $ 3.99-a-month subscription service.
The company says My AI can recommend birthday gift ideas for your BFF, plan a hiking trip for a long weekend, suggest a recipe for dinner, or even write a haiku about cheese for your cheddar-obsessed pal.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52886992Wed, 01 Mar 2023 08:57:32 +0000Africa Business RadioSnapchat announced that it’s launching “My AI,” a new chatbot running the latest version of OpenAI’s GPT technology that it has customized for its users. My AI is now available as an experimental feature for Snapchat+, the social network’s $...My AI is now available as an experimental feature for Snapchat+, the social network’s $ 3.99-a-month subscription service.
The company says My AI can recommend birthday gift ideas for your BFF, plan a hiking trip for a long weekend, suggest a recipe for dinner, or even write a haiku about cheese for your cheddar-obsessed pal.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91chatbot,gpt_teechnology,openai’s,snapchatfalsefullhttps://www.spreaker.com/episode/nokia-changes-brand-logo--52886994The new logo comprises five different shapes forming the word NOKIA. The iconic blue colour of the old logo has been dropped for a range of colours depending on the use.
Chief Executive Pekka Lundmark says there was an association with smartphones and nowadays we are a business technology company.
Lundmark says while Nokia still aims to grow its service provider business, where it sells equipment to telecom companies, its main focus is now to sell gear to other businesses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52886994Wed, 01 Mar 2023 08:55:09 +0000Africa Business RadioNokia announced plans to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth. The new logo comprises five different shapes forming the word NOKIA. The...The new logo comprises five different shapes forming the word NOKIA. The iconic blue colour of the old logo has been dropped for a range of colours depending on the use.
Chief Executive Pekka Lundmark says there was an association with smartphones and nowadays we are a business technology company.
Lundmark says while Nokia still aims to grow its service provider business, where it sells equipment to telecom companies, its main focus is now to sell gear to other businesses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>108africa_business_radio,brand_identity,logo,nokia,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-launches-digital-platform-for-buying-bills-and-bonds--52886993The DhowCSD is a mobile app and will be available on Android and Apple stores. It is supposed to fill the gaps in the current USSD system of buying and selling securities, treasury bills and bonds.
TrendsKe says the digital platform will also enable the generation of detailed investor reports. The DhowCSD is capable of making interbank payments, a module to buy and sell securities in the secondary market.
The DhowCSD will enable anyone from anywhere to bid and buy from their phone.
The Central Bank of Kenya is excited about this development as it promises to boost its remittance revenue which is already growing faster and taller than its money from tea and horticulture.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52886993Wed, 01 Mar 2023 08:48:17 +0000Africa Business RadioCitizens of Kenya will be able to buy government securities from a digital platform known as DhowCSD, instead of its current USSD system from March, The DhowCSD is a mobile app and will be available on Android and Apple stores. It is supposed to fill...The DhowCSD is a mobile app and will be available on Android and Apple stores. It is supposed to fill the gaps in the current USSD system of buying and selling securities, treasury bills and bonds.
TrendsKe says the digital platform will also enable the generation of detailed investor reports. The DhowCSD is capable of making interbank payments, a module to buy and sell securities in the secondary market.
The DhowCSD will enable anyone from anywhere to bid and buy from their phone.
The Central Bank of Kenya is excited about this development as it promises to boost its remittance revenue which is already growing faster and taller than its money from tea and horticulture.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,bills,bonds,digitalization,kenya,newsfalsefullhttps://www.spreaker.com/episode/global-money-laundering-watchdog-places-nigeria-on-grey-list--52886995The FATF has 40 recommendations that provide guidelines for a country’s financial system to prevent money laundering and the financing of terrorist organisations.
The watchdog currently has two lists that point out countries with weak laws to prevent money laundering and terrorist financing; they are called the black list and the grey list.
They include countries like Turkey, the United Arab Emirates, South Sudan, and Haiti. As 73% of countries have been removed since the list’s inception, it is not a permanent list, and nations have the chance to be taken off it after cooperating with the FATF to address their failings.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52886995Wed, 01 Mar 2023 08:44:54 +0000Africa Business RadioThe global watchdog for money laundering and terrorist financing, the Financial Action Task Force has placed Nigeria on its grey list. The FATF has 40 recommendations that provide guidelines for a country’s financial system to prevent money...The FATF has 40 recommendations that provide guidelines for a country’s financial system to prevent money laundering and the financing of terrorist organisations.
The watchdog currently has two lists that point out countries with weak laws to prevent money laundering and terrorist financing; they are called the black list and the grey list.
They include countries like Turkey, the United Arab Emirates, South Sudan, and Haiti. As 73% of countries have been removed since the list’s inception, it is not a permanent list, and nations have the chance to be taken off it after cooperating with the FATF to address their failings.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa,africa_business_radio,financial_action,fraud,money_laundering,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/meta-to-sell-blue-badge-on-instagram-and-facebook--52812081Meta will allow users to verify their identity by using their government-issued ID cards. The company said the subscription service will also offer “increased visibility and reach,” improved protection against impersonation attacks and direct access to customer support.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52812081Wed, 22 Feb 2023 09:59:26 +0000Africa Business RadioFacebook-parent Meta has launched a subscription service, called Meta Verified, that will allow users to add the coveted blue check mark to their Instagram and Facebook accounts for up to $15 a month by verifying their identity, its chief executive...Meta will allow users to verify their identity by using their government-issued ID cards. The company said the subscription service will also offer “increased visibility and reach,” improved protection against impersonation attacks and direct access to customer support.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,blue_tick,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-investigates-110-companies-for-data-breaches--52812084Those found guilty will face civil or criminal liability, and even the Nigeria Police Force is involved in the investigation.
The data controllers are also being investigated to check that they are performing due diligence while engaging data processors or vendors that have access to the personal data of customers.
The NDPB has licensed 48 additional Data Protection Compliance Organisations bringing the total number of licensed companies to 138.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52812084Wed, 22 Feb 2023 09:55:10 +0000Africa Business RadioNigeria’s data protection authority Nigeria Data Protection Bureau is investigating over 110 companies, including banks, telecom firms, and gaming companies, for data breaches. Those found guilty will face civil or criminal liability, and even the...Those found guilty will face civil or criminal liability, and even the Nigeria Police Force is involved in the investigation.
The data controllers are also being investigated to check that they are performing due diligence while engaging data processors or vendors that have access to the personal data of customers.
The NDPB has licensed 48 additional Data Protection Compliance Organisations bringing the total number of licensed companies to 138.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>70africa_business_radio,data_protection,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/cchub-to-launch-15-million-ed-tech-accelerator--52812082The accelerator which will be called the EdTech Fellowship Program will commit $15 million to support 72 startups in Nigeria and Kenya in the next three years.
The program would give the startups an initial $100,000 check after being accepted into the program.
Bosun Tijani, CcHUB’s CEO, says there is also a provision for follow-on investment to the tune of $50 million that will cater to the seed and Series A stages for the startups

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52812082Wed, 22 Feb 2023 09:51:36 +0000Africa Business RadioEducation in Africa is still not where it needs to be for the continent to cater to its bustling young population. In solving the education problem in Africa, Co-Creation Hub with its presence in Nigeria and Kenya is launching an accelerator with a...The accelerator which will be called the EdTech Fellowship Program will commit $15 million to support 72 startups in Nigeria and Kenya in the next three years.
The program would give the startups an initial $100,000 check after being accepted into the program.
Bosun Tijani, CcHUB’s CEO, says there is also a provision for follow-on investment to the tune of $50 million that will cater to the seed and Series A stages for the startups

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa,africa_business_radio,cchub,ed-tech,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/telkom-seeks-to-raise-r1-billion--52812083The company’s mobile data traffic and subscribers are up 25.6% and 12.9% year-on-year to 309 petabytes and 18.6 million subscribers respectively while mobile broadband customers are up 9.9% to 11.5 million, comprising almost 62% of active mobile customers.
Telkom CEO Serame Taukobong says overall, Telkom’s revenue is up 2.3% to R11 billion. Still, its earnings before interest, taxes, depreciation, and amortisation are down 13.5% to R2.5 billion, showing the company’s continued struggle with profitability and bottom-line growth.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52812083Wed, 22 Feb 2023 09:45:11 +0000Africa Business RadioSouth Africa mobile network operator Telkom Group, which has operations in numerous other African countries, has released its financial results for the four months period ended 31 December 2022, showing impressive top-line growth in most of its...The company’s mobile data traffic and subscribers are up 25.6% and 12.9% year-on-year to 309 petabytes and 18.6 million subscribers respectively while mobile broadband customers are up 9.9% to 11.5 million, comprising almost 62% of active mobile customers.
Telkom CEO Serame Taukobong says overall, Telkom’s revenue is up 2.3% to R11 billion. Still, its earnings before interest, taxes, depreciation, and amortisation are down 13.5% to R2.5 billion, showing the company’s continued struggle with profitability and bottom-line growth.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa,africa_business_radio,tech_news,telkomfalsefullhttps://www.spreaker.com/episode/jumia-s-board-appoints-francis-dufay-as-ceo--52812085Dufay was announced as the acting CEO after the exit of Jeremy Hodara and Sacha Poginonnec as Co-CEOs.
The exit of both CEOs came after a decade where Jumia was pressed to move towards profitability and was unable to.
Jumia says the executive search that was being conducted has now been concluded.
The appointment reflects the Board's strong confidence in Francis's leadership and ability to scale the business to profitability successfully.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52812085Wed, 22 Feb 2023 09:43:44 +0000Africa Business RadioThe supervisory board of the e-commerce company, Jumia, has now appointed Francis Dufay as the company’s CEO. Dufay was announced as the acting CEO after the exit of Jeremy Hodara and Sacha Poginonnec as Co-CEOs. The exit of both CEOs came after a...Dufay was announced as the acting CEO after the exit of Jeremy Hodara and Sacha Poginonnec as Co-CEOs.
The exit of both CEOs came after a decade where Jumia was pressed to move towards profitability and was unable to.
Jumia says the executive search that was being conducted has now been concluded.
The appointment reflects the Board's strong confidence in Francis's leadership and ability to scale the business to profitability successfully.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>69africa_business_radio,e-commerce,jumia,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-fluidcoins-sold-to-uae-based-blockfinex-after-failing-to-raise-cash--52812080Danny Oyekan, the founder and CEO of Blockfinex says the acquisition was driven by a decision to venture into Wallet as a service business and crypto payment processing and scale it across the world.
Oyekan says the acquisition includes all Fluidcoins entities, including Flip and Fluidshops.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52812080Wed, 22 Feb 2023 09:41:18 +0000Africa Business RadioBlockfinex, a Barbados and Seychelles-registered crypto exchange company, has acquired a 100% stake in Nigerian crypto payment gateway startup, Fluidcoins for an undisclosed sum. Danny Oyekan, the founder and CEO of Blockfinex says the acquisition...Danny Oyekan, the founder and CEO of Blockfinex says the acquisition was driven by a decision to venture into Wallet as a service business and crypto payment processing and scale it across the world.
Oyekan says the acquisition includes all Fluidcoins entities, including Flip and Fluidshops.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>61africa,africa_business_radio,fluidcoins,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/yahoo-is-laying-off-20-of-its-staff--52741414The company’s legacy ad tech division, Yahoo for Business, will be overhauled and transformed into a new division called Yahoo Advertising.
Yahoo CEO Jim Lanzone stressed that unlike with other big tech layoffs of late, the company’s layoffs were not as a result of financial challenges but about strategic changes to the company’s Yahoo for Business advertising unit, which is not profitable.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52741414Fri, 17 Feb 2023 04:44:40 +0000Africa Business RadioYahoo has announced that it is laying off 20% of its staff, or about 1,600, becoming the latest technology company to trim down its headcount in what has become somewhat of a daily trend. The company’s legacy ad tech division, Yahoo for Business,...The company’s legacy ad tech division, Yahoo for Business, will be overhauled and transformed into a new division called Yahoo Advertising.
Yahoo CEO Jim Lanzone stressed that unlike with other big tech layoffs of late, the company’s layoffs were not as a result of financial challenges but about strategic changes to the company’s Yahoo for Business advertising unit, which is not profitable.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>74africa_business_radio,tech_news,technology,yahoofalsefullhttps://www.spreaker.com/episode/apple-releases-new-fix-for-iphone-zero-day-exploited-by-hackers--52741411Apple credited an anonymous researcher for the discovery, and also thanked Citizen Lab for their assistance.
Apple’s spokesperson Scott Radcliffe says that the company has nothing to add apart from what’s in the release notes.
Since January 2022, there have been nine bugs in iOS that may have been actively exploited,”of which four in WebKit.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52741411Fri, 17 Feb 2023 04:43:05 +0000Africa Business RadioApple released a new version of the iPhone and iPad’s operating systems to fix a vulnerability that hackers were exploiting in the wild, meaning they were taking Apple credited an anonymous researcher for the discovery, and also thanked Citizen Lab...Apple credited an anonymous researcher for the discovery, and also thanked Citizen Lab for their assistance.
Apple’s spokesperson Scott Radcliffe says that the company has nothing to add apart from what’s in the release notes.
Since January 2022, there have been nine bugs in iOS that may have been actively exploited,”of which four in WebKit.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>70africa_business_radio,hacking,iphone,tech_newsfalsefullhttps://www.spreaker.com/episode/youtube-launches-its-new-commercial-music-licensing-resource--52741413The online destination offers a large catalog of songs that creators can browse, search through, and purchase where the terms of the music rights are spelled out in plain language, so creators can understand the costs involved.
In addition to being able to purchase licenses, creators are also able to choose tracks offering revenue-sharing options where both creators and the rights holders earn money from the music’s use.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52741413Fri, 17 Feb 2023 04:41:57 +0000Africa Business RadioYouTube announced its new marketplace, Creator Music, is now fully open to all YouTube Partner Program participants in the U.S. The online destination offers a large catalog of songs that creators can browse, search through, and purchase where the...The online destination offers a large catalog of songs that creators can browse, search through, and purchase where the terms of the music rights are spelled out in plain language, so creators can understand the costs involved.
In addition to being able to purchase licenses, creators are also able to choose tracks offering revenue-sharing options where both creators and the rights holders earn money from the music’s use.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,tech_news,youtubefalsefullhttps://www.spreaker.com/episode/carry1st-acquire-african-culture-game-gebeta--52741409The deal is the first exit for Qene Games, the company behind the smartphone games Kukulu, Gebeta, Feta, and Tras.
Qene Games will continue collaborating with Carry1st to help Gebeta grow and develop to realise its full potential but from a lesser position.
Qene intends to focus on increasing the gaming capability on the African continent through mentoring, hiring, and upskilling of African game creators.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52741409Fri, 17 Feb 2023 04:40:19 +0000Africa Business RadioMobile games and interactive content publisher, Carry1st has acquired Gebeta a Qene Games product that portrays African culture for an undisclosed amount. This comes weeks after Carry1st announced a $27 million raise. The deal is the first exit for...The deal is the first exit for Qene Games, the company behind the smartphone games Kukulu, Gebeta, Feta, and Tras.
Qene Games will continue collaborating with Carry1st to help Gebeta grow and develop to realise its full potential but from a lesser position.
Qene intends to focus on increasing the gaming capability on the African continent through mentoring, hiring, and upskilling of African game creators.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,carry1st,gebeta,qene_games,tech_newsfalsefullhttps://www.spreaker.com/episode/airtel-to-roll-out-5g-in-kenya--52741410Airtel Africa CEO Segun Ogunsanya, says the service will be launched in selected cities where Airtel recognises enough devices and enough purchasing power to really enjoy the benefits of 5G.
He believes that 5G is good in the medium term adding that their focus will continue to be on expanding our 4G footprint, and selectively launching 5G to capture opportunities in high-income neighbourhoods.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52741410Fri, 17 Feb 2023 04:35:27 +0000Africa Business RadioKenyan business publication Business Daily reported that the telco had acquired the necessary spectrum in Kenya, and is planning to introduce 5G network in high-income neighbourhoods in Kenya. Airtel Africa CEO Segun Ogunsanya, says the service will...Airtel Africa CEO Segun Ogunsanya, says the service will be launched in selected cities where Airtel recognises enough devices and enough purchasing power to really enjoy the benefits of 5G.
He believes that 5G is good in the medium term adding that their focus will continue to be on expanding our 4G footprint, and selectively launching 5G to capture opportunities in high-income neighbourhoods.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>775g,africa,africa_business_radio,airtel,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/be-mobile-africa-launches-crypto-trading-platform-for-south-africa--52741412Dr. Cédric Jeannot, CEO of Be Mobile Africa, says enabling their users to buy, sell and hold cryptocurrencies easily and securely is a natural evolution for us.
Be Mobile Africa also added that the cryptocurrency trading platform is bringing the fight to incumbent crypto trading platform operators in the country and also providing users with a new and simpler way to access and trade cryptocurrencies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52741412Fri, 17 Feb 2023 04:30:38 +0000Africa Business RadioNeobank Be Mobile Africa has announced the launch of a crypto trading platform which will allow enabling individuals in South Africa to buy and trade cryptocurrencies such as Bitcoin, Ethereum, and Solana as well as USD stablecoins such as USDC using...Dr. Cédric Jeannot, CEO of Be Mobile Africa, says enabling their users to buy, sell and hold cryptocurrencies easily and securely is a natural evolution for us.
Be Mobile Africa also added that the cryptocurrency trading platform is bringing the fight to incumbent crypto trading platform operators in the country and also providing users with a new and simpler way to access and trade cryptocurrencies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa,africa_business_radio,be_mobile,crypto_trading,tech_newsfalsefullhttps://www.spreaker.com/episode/ethiopia-to-sell-45-of-state-owned-telecom-operator--52741415The Ethiopian Ministry of Finance touted Ethio-Telecom’s near monopoly of Ethiopia’s The Ministry of Finance says the Company’s robust infrastructure coupled with its strong financial performance will offer significant competitive advantage to any investor.
Ethiopia is looking for investors who can add value to the Company by bringing in best practices in terms of operations, infrastructure management, and next-generation technological capabilities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52741415Fri, 17 Feb 2023 04:18:01 +0000Africa Business RadioEthiopia’s government seeks to sell 40% of its stake in state-owned Ethio-Telecom. The Ethiopian Ministry of Finance touted Ethio-Telecom’s near monopoly of Ethiopia’s The Ministry of Finance says the Company’s robust infrastructure coupled with its...The Ethiopian Ministry of Finance touted Ethio-Telecom’s near monopoly of Ethiopia’s The Ministry of Finance says the Company’s robust infrastructure coupled with its strong financial performance will offer significant competitive advantage to any investor.
Ethiopia is looking for investors who can add value to the Company by bringing in best practices in terms of operations, infrastructure management, and next-generation technological capabilities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>68africa,africa_business_radio,ethiopia,tech_news,telecomfalsefullhttps://www.spreaker.com/episode/google-unveils-bard-a-chatgpt-rival--52670308Google has described Bard as a conversational AI service that combines the depth of the world’s information with the power, intelligence, and creativity of its large language models to help deliver answers to inquiries. Similar to ChapGPT, Bard uses online information to give new, high-quality responses.
CEO Pichai underlined that AI has been a focus for the company in the last six years. From presenting Transformers, the grandmother of contemporary languages, in 2017 to introduce the state-of-the-art big language model, LaMDA, in 2021, Google has continued to put AI at the core of its efforts.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52670308Wed, 08 Feb 2023 14:24:54 +0000Africa Business RadioGoogle has announced the introduction of Bard, the company’s experimental conversational AI service which is powered by the Language Model for Dialogue Applications. Google has described Bard as a conversational AI service that combines the depth of...Google has described Bard as a conversational AI service that combines the depth of the world’s information with the power, intelligence, and creativity of its large language models to help deliver answers to inquiries. Similar to ChapGPT, Bard uses online information to give new, high-quality responses.
CEO Pichai underlined that AI has been a focus for the company in the last six years. From presenting Transformers, the grandmother of contemporary languages, in 2017 to introduce the state-of-the-art big language model, LaMDA, in 2021, Google has continued to put AI at the core of its efforts.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,bard,chatgpt,google,tech_newsfalsefullhttps://www.spreaker.com/episode/softbank-loses-nearly-6-billion-in-a-quarter-as-downturn-continues--52670306This is the fourth consecutive quarter in which SoftBank Group has lost money, prompting many to challenge the fundamental thesis of the giant, which has deployed more capital in the tech markets globally than anyone else in the past decade.
SoftBank says it lost $5.8 billion across Vision funds and Latin America fund in the quarter. While a $5.8 billion loss is nothing to write home about, SoftBank will take comfort in the fact that it lost $10 billion in the previous quarter.
The company says the fair value of its current late-stage portfolio is over $37 billion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52670306Wed, 08 Feb 2023 14:23:26 +0000Africa Business RadioSoftBank Group’s investment vehicles posted a loss of nearly $6 billion in the quarter that ended in December as the Japanese tech investor continues to bleed through the market downturn and significantly pares back new backings. This is the fourth...This is the fourth consecutive quarter in which SoftBank Group has lost money, prompting many to challenge the fundamental thesis of the giant, which has deployed more capital in the tech markets globally than anyone else in the past decade.
SoftBank says it lost $5.8 billion across Vision funds and Latin America fund in the quarter. While a $5.8 billion loss is nothing to write home about, SoftBank will take comfort in the fact that it lost $10 billion in the previous quarter.
The company says the fair value of its current late-stage portfolio is over $37 billion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,softbank,tech_investment,tech_newsfalsefullhttps://www.spreaker.com/episode/india-to-block-over-230-betting-and-loan-apps-with-china-ties--52670307The Ministry of Electronics and Information Technology is in the process to enforce an emergency order to ban 138 betting and gambling apps and another 94 that provided unauthorized loan services in the interest of protecting the country’s integrity.
The Ministry of Home Affairs, Prasar Bharati added that the apps sought to mislead customers into taking big debts without realizing the terms and there were concerns that they could be used as tools for espionage and propaganda.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52670307Wed, 08 Feb 2023 14:21:10 +0000Africa Business RadioIndia is moving to block 232 apps, some with links to China, that offer betting and loan services in the South Asian market to prevent misuse of the citizens’ data. The Ministry of Electronics and Information Technology is in the process to enforce...The Ministry of Electronics and Information Technology is in the process to enforce an emergency order to ban 138 betting and gambling apps and another 94 that provided unauthorized loan services in the interest of protecting the country’s integrity.
The Ministry of Home Affairs, Prasar Bharati added that the apps sought to mislead customers into taking big debts without realizing the terms and there were concerns that they could be used as tools for espionage and propaganda.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,app_ban,china,india,tech_newsfalsefullhttps://www.spreaker.com/episode/kwik-delivery-in-talks-in-2022-to-acquire-gokada--52670305 Ultimately, the deal did not go through and it is unclear why those talks broke down. Gokada recently set its valuation at $10 million as it tried to raise $100,000 through crowdfunding.
Gokada recently laid off at least 20 employees in November 2022 before laying off 54 more people this week
Tosin Oni, Gokada’s CEO, said the layoffs were in response to harsh macroeconomic conditions. He said that as an unprofitable startup with negative cash flow, the priority for them at the moment is increasing efficiency.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52670305Wed, 08 Feb 2023 14:11:36 +0000Africa Business RadioGokada, one of Nigeria’s most prominent last-mile delivery companies, reportedly considered selling the business to a competitor, Kwik Logistics, in 2022. Ultimately, the deal did not go through and it is unclear why those talks broke down. Gokada... Ultimately, the deal did not go through and it is unclear why those talks broke down. Gokada recently set its valuation at $10 million as it tried to raise $100,000 through crowdfunding.
Gokada recently laid off at least 20 employees in November 2022 before laying off 54 more people this week
Tosin Oni, Gokada’s CEO, said the layoffs were in response to harsh macroeconomic conditions. He said that as an unprofitable startup with negative cash flow, the priority for them at the moment is increasing efficiency.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,gokada,kwik,tech_newsfalsefullhttps://www.spreaker.com/episode/ceviant-receives-central-bank-of-nigeria-license-to-capitalize-on-growing-payments-market--52670304The license permits Ceviant to offer a range of payment services to clients in Nigeria, including electronic fund transfers and payment processing.
This license presents further opportunities to partner with banks and other financial institutions within the payments ecosystem, including API integrations with banks, enabling businesses to manage bank accounts, payments, transactions, cash balances, and more, all through a single portal and API.
Kehinde Dabiri, CEO of Ceviant, says they are proud to have been granted the PSSP license from the Central Bank of Nigeria.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52670304Wed, 08 Feb 2023 14:10:09 +0000Africa Business RadioCeviant, a UK-based financial technology company delivering treasury and trade solutions to corporates, has received its Payment Solution Service Provider License from the Central Bank of Nigeria. The license permits Ceviant to offer a range of...The license permits Ceviant to offer a range of payment services to clients in Nigeria, including electronic fund transfers and payment processing.
This license presents further opportunities to partner with banks and other financial institutions within the payments ecosystem, including API integrations with banks, enabling businesses to manage bank accounts, payments, transactions, cash balances, and more, all through a single portal and API.
Kehinde Dabiri, CEO of Ceviant, says they are proud to have been granted the PSSP license from the Central Bank of Nigeria.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,ceviant,financial_technology,tech_news,trade_solutionfalsefullhttps://www.spreaker.com/episode/kenya-drops-financial-impropriety-case-against-flutterwave--52670303
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52670303Wed, 08 Feb 2023 14:07:48 +0000Africa Business RadioKenya has dropped its charges of financial impropriety against Flutterwave. The court case began in July 2022, when Flutterwave was charged in court on suspicions of card fraud and money laundering. Kenya’s Assets Recovery Agency says 1st...
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,financial_impropriety,flutterwave,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/eazy-digital-helps-southeast-asia-s-small-insurers-digitize-their-operations--52602500The Bangkok-based startup announced it has raised $850,000 in an oversubscribed seed round led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri and Sasin Bangkok Venture Club.
Eazy Digital co-founder, Haprem Doowa says that while working together at Frank, he and Sukul both realized that the insurance industry was plagued with manual work and quick home-built solutions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52602500Wed, 01 Feb 2023 07:55:37 +0000Africa Business RadioEazy Digital wants to give small insurance companies in Southeast Asia the same advantage as their larger competitors. Its SaaS platform lets insurers digitize many parts of their operations, enabling them to scale up more efficiently. The...The Bangkok-based startup announced it has raised $850,000 in an oversubscribed seed round led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri and Sasin Bangkok Venture Club.
Eazy Digital co-founder, Haprem Doowa says that while working together at Frank, he and Sukul both realized that the insurance industry was plagued with manual work and quick home-built solutions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,easy_digital,insurance,tech_newsfalsefullhttps://www.spreaker.com/episode/china-smartphone-market-slumps-to-10-year-low-in-2022--52602505The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low. It was also the first time that China’s handset sales had slid below 300 million units in ten years, according to Canalys.
The three-year-long stringent “zero-COVID” policy that disrupted businesses and dampened consumer confidence, coupled with macroeconomic headwinds, spelled an end to China’s years of double-digit growth.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52602505Wed, 01 Feb 2023 07:52:16 +0000Africa Business RadioChina’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low. It was also the first time that China’s handset...The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low. It was also the first time that China’s handset sales had slid below 300 million units in ten years, according to Canalys.
The three-year-long stringent “zero-COVID” policy that disrupted businesses and dampened consumer confidence, coupled with macroeconomic headwinds, spelled an end to China’s years of double-digit growth.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,business,china,smartphone_market,tech_newsfalsefullhttps://www.spreaker.com/episode/walmart-backed-phonepe-s-nine-month-2022-revenue-surged-to-234-million--52602503The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered generated in the 12-month period ending in financial year March last year.
PhonePe, which is valued at $12 billion, has projected a revenue of $325 million in the calendar year 2022 and $504 million in 2023.
The startup, backed by Walmart, doesn’t expect to turn EBIDTA positive, a key profitability metric, until the calendar year 2025, KMPG wrote in its valuation report.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52602503Wed, 01 Feb 2023 07:49:40 +0000Africa Business RadioPhonePe recorded a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered...The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered generated in the 12-month period ending in financial year March last year.
PhonePe, which is valued at $12 billion, has projected a revenue of $325 million in the calendar year 2022 and $504 million in 2023.
The startup, backed by Walmart, doesn’t expect to turn EBIDTA positive, a key profitability metric, until the calendar year 2025, KMPG wrote in its valuation report.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,india,phonepe’s,tech_news,walmartfalsefullhttps://www.spreaker.com/episode/kenya-to-boost-government-revenue-by-taxing-m-pesa-transactions--52602504The National Treasury says President Willam Ruto’s administration plans to increase tax collection to KES3 trillion shillings to fund the government’s spending plans.
Ruto’s administration wants its tax department, the Kenya Revenue Authority, to monitor digital payments made through M-pesa and other mobile money services.
The Treasury says as part of the economic turnaround plan, the government will scale up revenue collection efforts by the Kenya Revenue Authority to Sh3 trillion in the financial year 2023/24 and Sh4 trillion over the medium term.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52602504Wed, 01 Feb 2023 07:47:33 +0000Africa Business RadioKenya’s new administration presented its first budget last week and to fund the KES3.6 trillion budget, the government wants to ramp up its tax collections and cut down on borrowing. The National Treasury says President Willam Ruto’s administration...The National Treasury says President Willam Ruto’s administration plans to increase tax collection to KES3 trillion shillings to fund the government’s spending plans.
Ruto’s administration wants its tax department, the Kenya Revenue Authority, to monitor digital payments made through M-pesa and other mobile money services.
The Treasury says as part of the economic turnaround plan, the government will scale up revenue collection efforts by the Kenya Revenue Authority to Sh3 trillion in the financial year 2023/24 and Sh4 trillion over the medium term.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa,africa_business_radio,kenya,m_pesa,revenue_boost,tech_newsfalsefullhttps://www.spreaker.com/episode/struggling-swvl-tries-to-unwind-40-million-acquisition--52602501In a notice filed with the United States Securities and Exchange Commission (SEC) last week, Swvl stated that it has entered into a definitive agreement with certain former shareholders (the “Former Volt Lines Shareholders”) of Volt Lines B.V. (“Volt Lines”), a private company with limited liability duly incorporated under the laws of the Netherlands, and a Turkey-based B2B and Transport as a Service mobility business, to unwind its previous acquisition of Volt Lines.”
Swvl says former Volt Lines Shareholders are not obligated to retransfer or cancel the tranche of their Swvl shares already received from the prior acquisition agreement.
The balance was to be settled by issuing 1.4 million Swvl shares in four revenue-based milestone tranches.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52602501Wed, 01 Feb 2023 07:45:53 +0000Africa Business RadioThe Cairo-born mass transit firm wants to undo its 2022 acquisition of Volt Lines for $40 million as it searches for a way to survive. In a notice filed with the United States Securities and Exchange Commission (SEC) last week, Swvl stated that it...In a notice filed with the United States Securities and Exchange Commission (SEC) last week, Swvl stated that it has entered into a definitive agreement with certain former shareholders (the “Former Volt Lines Shareholders”) of Volt Lines B.V. (“Volt Lines”), a private company with limited liability duly incorporated under the laws of the Netherlands, and a Turkey-based B2B and Transport as a Service mobility business, to unwind its previous acquisition of Volt Lines.”
Swvl says former Volt Lines Shareholders are not obligated to retransfer or cancel the tranche of their Swvl shares already received from the prior acquisition agreement.
The balance was to be settled by issuing 1.4 million Swvl shares in four revenue-based milestone tranches.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,swvl,tech_news,volt_linefalsefullhttps://www.spreaker.com/episode/nigeria-s-telecom-operator-mcom-launches-its-5g-network--52602502Dr. Musbahu Bashir, chairman and founder of MAFAB, says as the second operator to launch 5G in Nigeria, Mcom expects more coverage for Nigerians and an acceleration of broadband services.
He shared that the deployment will commence in six cities: Lagos, Abuja, Port Harcourt, Enugu, Kano, and Kaduna. The timeline for the deployment in other cities will be shared later.
Adebayo Onigbanjo, the corporate communications manager, explained that the company, which wouldn’t be offering any 2G, 3G, or 4G services, would focus on providing data starting with the fixed wireless access market.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52602502Wed, 01 Feb 2023 07:44:49 +0000Africa Business RadioNigeria’s newest telecom operator, MAFAB Communications, has launched its 5G network services for Nigerians. Dr. Musbahu Bashir, chairman and founder of MAFAB, says as the second operator to launch 5G in Nigeria, Mcom expects more coverage for...Dr. Musbahu Bashir, chairman and founder of MAFAB, says as the second operator to launch 5G in Nigeria, Mcom expects more coverage for Nigerians and an acceleration of broadband services.
He shared that the deployment will commence in six cities: Lagos, Abuja, Port Harcourt, Enugu, Kano, and Kaduna. The timeline for the deployment in other cities will be shared later.
Adebayo Onigbanjo, the corporate communications manager, explained that the company, which wouldn’t be offering any 2G, 3G, or 4G services, would focus on providing data starting with the fixed wireless access market.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>815g_network,africa_business_radio,broadband_service,mafam_communication,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-s-central-bank-launches-afrigo-a-national-domestic-card-scheme--52602506The scheme, which was initially announced at a Bankers’ Committee press briefing in October 2022, introduces the central bank into the triopoly of card payment schemes in Nigeria’s card payments market.
The CBN governor, Godwin Emefiele, says this move will drive financial inclusion and concentrate card financial data in Nigeria, even as it serves as a symbol of national pride for its adopters.
He says the national domestic card avails us the sovereignty of data and will come at lower costs.
The CBN cites reduced operating costs and optimized foreign exchange usage as the hallmarks of its latest fintech foray.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52602506Wed, 01 Feb 2023 07:40:58 +0000Africa Business RadioNigeria’s central bank has launched a national domestic card scheme, AfriGo. The scheme, which was initially announced at a Bankers’ Committee press briefing in October 2022, introduces the central bank into the triopoly of card payment schemes in...The scheme, which was initially announced at a Bankers’ Committee press briefing in October 2022, introduces the central bank into the triopoly of card payment schemes in Nigeria’s card payments market.
The CBN governor, Godwin Emefiele, says this move will drive financial inclusion and concentrate card financial data in Nigeria, even as it serves as a symbol of national pride for its adopters.
He says the national domestic card avails us the sovereignty of data and will come at lower costs.
The CBN cites reduced operating costs and optimized foreign exchange usage as the hallmarks of its latest fintech foray.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>78africa_business_radio,afrigo,card_scheme,central_bank,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/microsoft-extends-ai-partnership-with-chatgpt-and-dall-e-maker-openai--52539395OpenAI is the creator of the popular image generation tool Dall-E and the chatbot ChatGPT.
The Windows and Xbox maker plans up to 10,000 redundancies but said it would still hire in key strategic areas.
Chief executive Satya Nadella says the next major wave of computing is being born, with advances in AI.
The firm says it believed AI would have an impact at the magnitude of the personal computer, the internet, mobile devices, and the cloud.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52539395Wed, 25 Jan 2023 13:27:38 +0000Africa Business RadioMicrosoft has announced a multi-year, multibillion-dollar investment in artificial intelligence as it extends its partnership with OpenAI. OpenAI is the creator of the popular image generation tool Dall-E and the chatbot ChatGPT. The Windows and...OpenAI is the creator of the popular image generation tool Dall-E and the chatbot ChatGPT.
The Windows and Xbox maker plans up to 10,000 redundancies but said it would still hire in key strategic areas.
Chief executive Satya Nadella says the next major wave of computing is being born, with advances in AI.
The firm says it believed AI would have an impact at the magnitude of the personal computer, the internet, mobile devices, and the cloud.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>76africa_business_radio,chatgpt,microsoft,openai,tech_newsfalsefullhttps://www.spreaker.com/episode/egyptian-esports-platform-gbarena-acquires-tunisian-gaming-startup-galactech--52539397The acquisition is a share swap deal worth around $15 million. Share swap, otherwise called stock-for-stock, refers to a deal wherein the ownership of the shares in the target company are converted into the ownership of the shares in the acquiring company as per a predefined swap ratio.
Though Galactech’s valuation wasn’t revealed, GBarena was reported to enjoy a valuation of $45 million. According to its website, the e-sport platform has over 650,000 users across 27 countries, including Saudi Arabia, Egypt, and the UAE.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52539397Wed, 25 Jan 2023 13:25:49 +0000Africa Business RadioEgyptian e-sports platform GBarena announced that it has acquired the Tunisian gaming startup, Galactech. The acquisition is a share swap deal worth around $15 million. Share swap, otherwise called stock-for-stock, refers to a deal wherein the...The acquisition is a share swap deal worth around $15 million. Share swap, otherwise called stock-for-stock, refers to a deal wherein the ownership of the shares in the target company are converted into the ownership of the shares in the acquiring company as per a predefined swap ratio.
Though Galactech’s valuation wasn’t revealed, GBarena was reported to enjoy a valuation of $45 million. According to its website, the e-sport platform has over 650,000 users across 27 countries, including Saudi Arabia, Egypt, and the UAE.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,e-gaming,egypt,startup,tech_news,tunisiafalsefullhttps://www.spreaker.com/episode/kenya-s-new-data-centre-to-spur-africa-s-digital-economy-charge--52539396These efforts, however, have been limited to consumer-facing products and have neglected the infrastructure that powers them.
Africa’s digital economy is approaching its S curve, and this growth has been driven by COVID and an increase in tech talent.
The report estimates that the market size of the digital economy is $115 billion now and is expected to be $712 billion by 2050.
The report also establishes that this charge is still in its infancy, with mobile penetration numbers hovering between 30% and 40%. Beyond having devices that can access the internet, the critical infrastructure that powers the transfer of information, such as data centres and fibre optic networks, is also necessary for actualising this charge

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52539396Wed, 25 Jan 2023 13:23:27 +0000Africa Business RadioAfrica is still poised to grow its digital economy. In recent times, the continent has seen steady and deliberate efforts from both the private and public sectors to actualize this charge. These efforts, however, have been limited to consumer-facing...These efforts, however, have been limited to consumer-facing products and have neglected the infrastructure that powers them.
Africa’s digital economy is approaching its S curve, and this growth has been driven by COVID and an increase in tech talent.
The report estimates that the market size of the digital economy is $115 billion now and is expected to be $712 billion by 2050.
The report also establishes that this charge is still in its infancy, with mobile penetration numbers hovering between 30% and 40%. Beyond having devices that can access the internet, the critical infrastructure that powers the transfer of information, such as data centres and fibre optic networks, is also necessary for actualising this charge

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>130africa,africa_business_radio,digital_center,digital_economy,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/central-bank-of-kenya-delay-of-licence-threatens-digital-lenders--52539402The CBK earlier mandated that all digital lenders register for a new licence under a newly enacted regulation that seeks to rein in the predatory lending and consumer privacy violations that had permeated the space.
Other 278 digital lenders that applied were allowed to continue with their business as they await CBK’s response to their application.
Digital lenders, unlike banks and microfinance firms, do not accept deposits that are then lent to borrowers. Unless and until they acquire the CBK licences, their sceptical investors will not pump money into them, and they will run out of money and finally go out of business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52539402Wed, 25 Jan 2023 13:21:10 +0000Africa Business RadioDigital lenders say that the Central Bank of Kenya is taking too long to issue operational licences and that the delay is putting them in a precarious economic situation. The CBK earlier mandated that all digital lenders register for a new licence...The CBK earlier mandated that all digital lenders register for a new licence under a newly enacted regulation that seeks to rein in the predatory lending and consumer privacy violations that had permeated the space.
Other 278 digital lenders that applied were allowed to continue with their business as they await CBK’s response to their application.
Digital lenders, unlike banks and microfinance firms, do not accept deposits that are then lent to borrowers. Unless and until they acquire the CBK licences, their sceptical investors will not pump money into them, and they will run out of money and finally go out of business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,digital_lenders,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-s-kuda-bank-to-power-digital-banking-services-in-pakistan--52539401This licence will be issued to KT Bank”, a joint venture between Kuda and two leading Pakistani companies, positioning the fintech as one of the five companies to receive the highly coveted digital banking licence in the country.
Kuda and four other banks edged out 15 other applicants for this licence, including all the Pakistani commercial banks that applied.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52539401Wed, 25 Jan 2023 13:18:44 +0000Africa Business RadioNigeria-born digital banking platform, Kuda, is on its way to power digital banking services in Pakistan, as the fintech is set to acquire a digital banking licence from the State Bank of Pakistan. This licence will be issued to KT Bank”, a joint...This licence will be issued to KT Bank”, a joint venture between Kuda and two leading Pakistani companies, positioning the fintech as one of the five companies to receive the highly coveted digital banking licence in the country.
Kuda and four other banks edged out 15 other applicants for this licence, including all the Pakistani commercial banks that applied.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa,africa_business_radio,digital_service,kuda,pakistan,tech_newsfalsefullhttps://www.spreaker.com/episode/didi-gets-china-approval-to-relaunch-after-18-month-security-probe--52473096Didi at the time, failed to assure the government that its cross-border data practices were secure before going public in the U.S., where the data of hundreds of millions of Chinese citizens could allegedly be subject to scrutiny.
The misstep led to a year-and-a-half-long security investigation by China’s top cyberspace watchdog.
It seems like Didi’s period of repentance and rectification is over, as the company posted on Weibo Monday afternoon

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52473096Wed, 18 Jan 2023 14:32:39 +0000Africa Business RadioIn July 2021, Chinese authorities ordered the country’s app stores to remove Didi, citing reasons that the platform was “illegally collecting user data. Didi at the time, failed to assure the government that its cross-border data practices were...Didi at the time, failed to assure the government that its cross-border data practices were secure before going public in the U.S., where the data of hundreds of millions of Chinese citizens could allegedly be subject to scrutiny.
The misstep led to a year-and-a-half-long security investigation by China’s top cyberspace watchdog.
It seems like Didi’s period of repentance and rectification is over, as the company posted on Weibo Monday afternoon

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>73africa_business_radio,china,didi,tech_newsfalsefullhttps://www.spreaker.com/episode/ghana-slaps-mtn-with-773-million-fine--52473098The MTN Group, says MTN Ghana believes that the taxes due have been paid during the period under assessment and has resolved to defend MTN Ghana’s position on the assessment vigorously.
MTN Group and MTN Ghana will continue to engage with the relevant authorities on this matter and MTN remains resolute that MTN Ghana is a tax-compliant corporate citizen.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52473098Wed, 18 Jan 2023 14:29:43 +0000Africa Business RadioGhana’s tax authority says the fine is for unpaid tax obligations for 2014–2018. During these years, GRA claims that MTN underreported its revenue in Ghana by about 30%. The $773 million tag also comprises penalties for non-disclosure and interest...The MTN Group, says MTN Ghana believes that the taxes due have been paid during the period under assessment and has resolved to defend MTN Ghana’s position on the assessment vigorously.
MTN Group and MTN Ghana will continue to engage with the relevant authorities on this matter and MTN remains resolute that MTN Ghana is a tax-compliant corporate citizen.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,ghana,mtn,tax_evasion,tech_newsfalsefullhttps://www.spreaker.com/episode/starlink-to-launch-in-kenya--52473099In May, last year, SpaceX received the licence to operate in Nigeria and Mozambique. Several Nigerians who pre-ordered it have reportedly been receiving their Starlink kits.
Albeit pricey, this means faster internet speed in Kenya even in rural places and bigger competition for internet service providers like Telkom, Airtel, Safaricom, Zuku

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52473099Wed, 18 Jan 2023 14:27:01 +0000Africa Business RadioElon Musk’s satellite internet firm, Starlink, has announced plans to set up shop in Kenya. The internet service is awaiting regulatory approval and is on course to be accessible in a number of cities, including Nairobi, Kisumu, Mombasa, and Nakuru,...In May, last year, SpaceX received the licence to operate in Nigeria and Mozambique. Several Nigerians who pre-ordered it have reportedly been receiving their Starlink kits.
Albeit pricey, this means faster internet speed in Kenya even in rural places and bigger competition for internet service providers like Telkom, Airtel, Safaricom, Zuku

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,kenya,starlink,tech_newsfalsefullhttps://www.spreaker.com/episode/tanzania-to-take-a-cautious-plan-to-digital-currency-adoption--52473097The BoT says it’s taking this approach after discovering that six countries across the world abandoned their CBDC plans after encountering technical and structural challenges.
The Bank of Tanzania will continue to monitor, research and collaborate with stakeholders, including other central banks, in the efforts to arrive at a suitable and appropriate use and technology for issuance of Tanzanian shillings in digital form,” the statement read.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52473097Wed, 18 Jan 2023 14:22:18 +0000Africa Business RadioThe Bank of Tanzania gave an update on the East African country’s progress, stating that it was taking a phased, cautious and risk-based” approach in the adoption of a CBDC. The BoT says it’s taking this approach after discovering that six countries...The BoT says it’s taking this approach after discovering that six countries across the world abandoned their CBDC plans after encountering technical and structural challenges.
The Bank of Tanzania will continue to monitor, research and collaborate with stakeholders, including other central banks, in the efforts to arrive at a suitable and appropriate use and technology for issuance of Tanzanian shillings in digital form,” the statement read.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>76africa_business_radio,digital_currency,tanzania,tech_newsfalsefullhttps://www.spreaker.com/episode/teamapt-rebrands-as-moniepoint--52473102The company says the move is a testament to the success of Moniepoint and a desire to bring the company closer to its customers.
Moniepoint will also relocate its headquarters to London, a move the company says is inspired by its ambition to be “an employer of choice, not just in Africa, but globally. Moniepoint say there are expansion plans into East Africa and North Africa, which will depend on identifying large markets where millions of businesses are underserved.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52473102Wed, 18 Jan 2023 14:16:41 +0000Africa Business RadioTeamApt, a Nigerian fintech company, has shed its name and adopted the name of its flagship product—Moniepoint. The company says the move is a testament to the success of Moniepoint and a desire to bring the company closer to its customers....The company says the move is a testament to the success of Moniepoint and a desire to bring the company closer to its customers.
Moniepoint will also relocate its headquarters to London, a move the company says is inspired by its ambition to be “an employer of choice, not just in Africa, but globally. Moniepoint say there are expansion plans into East Africa and North Africa, which will depend on identifying large markets where millions of businesses are underserved.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>74africa_business_radio,moniepoint,teamapt,tech_newsfalsefullhttps://www.spreaker.com/episode/german-biontech-acquires-tunisia-s-instadeep-for-582-million--52473103The transaction involves an upfront payment of cash and unspecified BioNTech shares worth £362 million, and a balance of £200 million payable based on InstaDeep’s future performance.
This deal is coming after the 14-year-old German vaccine manufacturer participated in InstaDeep’s Series A last January, and an overall good partnership history between the two companies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52473103Wed, 18 Jan 2023 14:12:43 +0000Africa Business RadioBioNTech, the German biotech company that became a medical powerhouse in 2020 after creating one of the world’s most effective COVID-19 vaccines, will pay a total sum of £582 million to acquire 100% shares of InstaDeep, the Tunisian...The transaction involves an upfront payment of cash and unspecified BioNTech shares worth £362 million, and a balance of £200 million payable based on InstaDeep’s future performance.
This deal is coming after the 14-year-old German vaccine manufacturer participated in InstaDeep’s Series A last January, and an overall good partnership history between the two companies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,biontec,instadeep,tech_news,tunisiafalsefullhttps://www.spreaker.com/episode/meta-denies-african-content-moderator-firm-exit-poses-risk--52411271Meta says it had been Sama's decision and Sama blamed the "economic climate".
In May, a former moderator who claims the work harmed his mental health sued both firms.
Sama says it would let go about 3% of its staff, mostly from the Nairobi office, where they remove posts flagged for review if they break the platform's rules, and focus on its computer-vision work.
Meta says it would "work with our partners during this transition to ensure there's no impact on our ability to review content".

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52411271Wed, 11 Jan 2023 13:39:57 +0000Africa Business RadioMeta has denied harmful posts will escape review, after the contractor running Facebook's main moderation hub for east Africa, Sama, announced it would stop providing content-review services to social-media platforms. Meta says it had been Sama's...Meta says it had been Sama's decision and Sama blamed the "economic climate".
In May, a former moderator who claims the work harmed his mental health sued both firms.
Sama says it would let go about 3% of its staff, mostly from the Nairobi office, where they remove posts flagged for review if they break the platform's rules, and focus on its computer-vision work.
Meta says it would "work with our partners during this transition to ensure there's no impact on our ability to review content".

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa,africa_business_radio,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/microsoft-acquires-fungible-a-maker-of-data-processing-units-to-bolster-azure--52411270Microsoft confirmed the acquisition but not the purchase price, saying that it plans to use Fungible’s tech and team to deliver multiple DPU solutions, network innovation and hardware systems advancements.
Girish Bablani, the CVP of Microsoft’s Azure Core division, says Fungible’s technologies help enable high-performance, scalable, disaggregated, scaled-out data center infrastructure with reliability and security.
Fungible was launched in 2016 by Bertrand Serlet, a former Apple software engineer who sold a cloud storage startup, Upthere, to Western Digital in 2017, alongside Krishna Yarlagadda and Jupiter Networks co-founder Pradeep Sindhu.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52411270Wed, 11 Jan 2023 13:37:12 +0000Africa Business RadioReports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known as a data processing unit, for around $190 million. Microsoft confirmed the acquisition but not the purchase price, saying that it...Microsoft confirmed the acquisition but not the purchase price, saying that it plans to use Fungible’s tech and team to deliver multiple DPU solutions, network innovation and hardware systems advancements.
Girish Bablani, the CVP of Microsoft’s Azure Core division, says Fungible’s technologies help enable high-performance, scalable, disaggregated, scaled-out data center infrastructure with reliability and security.
Fungible was launched in 2016 by Bertrand Serlet, a former Apple software engineer who sold a cloud storage startup, Upthere, to Western Digital in 2017, alongside Krishna Yarlagadda and Jupiter Networks co-founder Pradeep Sindhu.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,microsoft,tech_newsfalsefullhttps://www.spreaker.com/episode/ugandan-court-removes-part-of-communication-law--52411268The judges ruled that prohibiting people from using electronic communication to disturb the peace of others curtailed freedom of speech.
Punishments for offenders ranged from a fine to a jail term.
Writer Kakwenza Rukirababashaija and the academic Stella Nyanzi were among activists who were either been charged or convicted under the law.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52411268Wed, 11 Jan 2023 13:33:59 +0000Africa Business RadioUganda's Constitutional Court has quashed a section of a communications law that had been used to prosecute journalists and critics of the government. The judges ruled that prohibiting people from using electronic communication to disturb the peace...The judges ruled that prohibiting people from using electronic communication to disturb the peace of others curtailed freedom of speech.
Punishments for offenders ranged from a fine to a jail term.
Writer Kakwenza Rukirababashaija and the academic Stella Nyanzi were among activists who were either been charged or convicted under the law.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>112africa,africa_business_radio,communication_law,tech_news,ugandafalsefullhttps://www.spreaker.com/episode/federal-communications-commission-to-form-space-bureau-to-intensify-regulate-orbit--52411269The newly minted Space Bureau will handle all business relating to satellite approval, orbital communications, and space debris, among other things.
These are things the agency was already doing, but now they’ll have a new, more effective organization to do them in.
Chairwoman Jessica Rosenworcel says the satellite industry is growing at a record pace, but here on the ground, the regulatory frameworks for licensing have not kept up.
The current International Bureau is being cannibalized to form it, but it sounds like more of an upgrade than a dissolution.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52411269Wed, 11 Jan 2023 13:30:15 +0000Africa Business RadioThe Federal Communications Commission regulates lots of industries and practices relating to telecommunications and the internet, but it is now cementing its role as a space regulator by voting to create a brand-new bureau specializing in the topic....The newly minted Space Bureau will handle all business relating to satellite approval, orbital communications, and space debris, among other things.
These are things the agency was already doing, but now they’ll have a new, more effective organization to do them in.
Chairwoman Jessica Rosenworcel says the satellite industry is growing at a record pace, but here on the ground, the regulatory frameworks for licensing have not kept up.
The current International Bureau is being cannibalized to form it, but it sounds like more of an upgrade than a dissolution.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>107africa_business_radio,communication_commission,orbit_regulation,tech_newsfalsefullhttps://www.spreaker.com/episode/releaf-raises-3-3-million-pre-series-a-to-improve-technologies-for-food-processing-in-africa--52411294Ikenna Nzewi co-founder of Releaf says they took a much more broad approach to what the solution would be, but they really wanted to decide on a specific crop to work in and they found that opportunity in the oil palm sector.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52411294Wed, 11 Jan 2023 13:20:52 +0000Africa Business RadioReleaf ,an agritech startup disrupting Africa’s oil production industry, has secured $3.3 million pre-Series A funding. The funding round, which the startup says was oversubscribed, will support the roll-out of key technologies that could further...Ikenna Nzewi co-founder of Releaf says they took a much more broad approach to what the solution would be, but they really wanted to decide on a specific crop to work in and they found that opportunity in the oil palm sector.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa,africa_business_radio,agrictech,food_technology,nigeria,releaf,tech_newsfalsefullhttps://www.spreaker.com/episode/google-launches-hd-maps-for-vehicles-volvo-and-polestar-first-to-integrate--52369646The additional information sits on top of Google Maps’ data and delivers details such as precise lane makers and localization of objects to help assisted-driving vehicles orient themselves on the road.
Google spokesperson says the HD mapping is initially focused on high-traffic roads like freeways, but the spokesperson stopped short of saying exactly which cities or freeways.
They said Google is working with automakers to determine where the HD map is most helpful.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52369646Fri, 06 Jan 2023 12:36:24 +0000Africa Business RadioGoogle is announcing an HD version of its vehicle mapping solution. Unlike Google Maps, Google’s HD map is not a consuming-facing application but an additional layer of data that are served to the vehicle’s L2+ or L3 assisted-driving systems through...The additional information sits on top of Google Maps’ data and delivers details such as precise lane makers and localization of objects to help assisted-driving vehicles orient themselves on the road.
Google spokesperson says the HD mapping is initially focused on high-traffic roads like freeways, but the spokesperson stopped short of saying exactly which cities or freeways.
They said Google is working with automakers to determine where the HD map is most helpful.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>89africa_business_radio,google,hd_maps,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-s-lawmakers-adjourns-public-hearing-on-controversial-nitda-bill--52369647The postponement is due to the absence of key stakeholders of the amendment bill.
The public hearing will now be held on a yet-to-be-decided date in January 2023.
The NITDA bill could have far-reaching consequences for internet freedom, media, social media companies, and all other technology companies operating in the country. The hearing was therefore supposed to allow tech stakeholders, media companies, civil society organisations, and the government to discuss the provisions of the increasingly controversial bill.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52369647Fri, 06 Jan 2023 12:35:11 +0000Africa Business RadioNigeria’s House of Assembly has postponed the public hearing on the proposed amendment of the establishing act of the country’s digital economy regulator, the National Information Technology Development Agency. The postponement is due to the absence...The postponement is due to the absence of key stakeholders of the amendment bill.
The public hearing will now be held on a yet-to-be-decided date in January 2023.
The NITDA bill could have far-reaching consequences for internet freedom, media, social media companies, and all other technology companies operating in the country. The hearing was therefore supposed to allow tech stakeholders, media companies, civil society organisations, and the government to discuss the provisions of the increasingly controversial bill.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,lawmakers,nigeria,tech_news,technology_lawfalsefullhttps://www.spreaker.com/episode/twitter-bans-posting-of-handles-and-links-to-facebook-instagram--52226598Plus, link-in-bio tools like Linktree and Lnk.Bio are also banned — these services are commonly used by both creators and businesses.
The Elon Musk-owned company no longer allows free promotion of certain social media platforms on Twitter.
The company says that it is removing all accounts created solely for the purpose of promoting other social networks.
It also plans to remove links to content from above mentioned social platforms.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52226598Tue, 20 Dec 2022 10:01:27 +0000Africa Business RadioTwitter banned links promoting other social networks. The list currently includes Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and Post. Plus, link-in-bio tools like Linktree and Lnk.Bio are also banned — these services are commonly...Plus, link-in-bio tools like Linktree and Lnk.Bio are also banned — these services are commonly used by both creators and businesses.
The Elon Musk-owned company no longer allows free promotion of certain social media platforms on Twitter.
The company says that it is removing all accounts created solely for the purpose of promoting other social networks.
It also plans to remove links to content from above mentioned social platforms.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,elon_musk,social_media,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/google-introduces-india-s-digilocker-integration-to-files-app-to-access-official-documents--52226603Google announced its partnership with the Indian government to roll out the DigiLocker integration within the Files app.
The search giant also announced a machine learning-based model that will help identify and organize important files including official documents and government ID cards.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52226603Tue, 20 Dec 2022 09:59:28 +0000Africa Business RadioGoogle has announced that it is bringing India’s online document storage service DigiLocker to the Files app on Android to let users access verified government-issued documents from the app. Google announced its partnership with the Indian government...Google announced its partnership with the Indian government to roll out the DigiLocker integration within the Files app.
The search giant also announced a machine learning-based model that will help identify and organize important files including official documents and government ID cards.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>63africa_business_radio,digilocker,digitalization,india,tech_newsfalsefullhttps://www.spreaker.com/episode/india-urged-to-provide-legal-and-innovative-regulations-certainty-to-firms--52226604India is in the process of shaping and shipping several other key regulatory frameworks that seek to bring a series of major changes to how telecom services, on-demand video players and firms in other sectors operate and handle consumers’ data.
India’s IT minister Ashwini Vaishnaw says the government is working on a range of bills that reflect the country’s realities.
He says they are creating three horizontals: First we have the telecom bill that is for the carriers. Second is the digital protection bill, which is focused around enforcing citizens’ privacy rights. And this is, the Digital India bill that will look at practically everything else that is required to be seen.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52226604Tue, 20 Dec 2022 09:56:30 +0000Africa Business RadioGoogle chief executive Sundar Pichai says that India is going through an important period of time as it drafts several key regulations and asserted that it stands to benefit from open and connected internet. India is in the process of shaping and...India is in the process of shaping and shipping several other key regulatory frameworks that seek to bring a series of major changes to how telecom services, on-demand video players and firms in other sectors operate and handle consumers’ data.
India’s IT minister Ashwini Vaishnaw says the government is working on a range of bills that reflect the country’s realities.
He says they are creating three horizontals: First we have the telecom bill that is for the carriers. Second is the digital protection bill, which is focused around enforcing citizens’ privacy rights. And this is, the Digital India bill that will look at practically everything else that is required to be seen.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,digital_india_bill,digital_protection_bill,goggle,india,tech_news,telecom_billfalsefullhttps://www.spreaker.com/episode/rwanda-partners-with-zipline--52226599Rwanda is planning to integrate drones into its national operations in the financial, e-commerce, and eco-tourism sectors. This partnership is the first of its kind on the continent.
Rwanda’s ministry of agriculture delivered more than 500,000 doses of animal health vaccines and more than 8,000 units of swine semen to vets and farmers using Zipline this year.
Rwanda hopes that increased access to instant delivery, such as Zipline offers, can bring the country closer to solving its national health and security problems.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52226599Tue, 20 Dec 2022 09:53:29 +0000Africa Business RadioDrone delivery firm Zipline has partnered with the government of Rwanda to provide about two million instant deliveries and fly more than 200 million autonomous kilometres in Rwanda by 2029. Rwanda is planning to integrate drones into its national...Rwanda is planning to integrate drones into its national operations in the financial, e-commerce, and eco-tourism sectors. This partnership is the first of its kind on the continent.
Rwanda’s ministry of agriculture delivered more than 500,000 doses of animal health vaccines and more than 8,000 units of swine semen to vets and farmers using Zipline this year.
Rwanda hopes that increased access to instant delivery, such as Zipline offers, can bring the country closer to solving its national health and security problems.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa,africa_business_radio,rwanda,tech_news,technology,ziplinefalsefullhttps://www.spreaker.com/episode/lodre-mainmarket-unveils-afrocentric-e-commerce-platform--52226602TLodre Mainmarket boasts of seven key categories which includes Consumer Electronics, Fashion, Vehicle Parts and Accessories, Sports and Entertainment, Home and Garden, Beauty and Personal Care and Food and Groceries. These categories and sub-categories are in place to guarantee that merchants and buyers needs are covered on the platform.
Lodre Mainmarket unique, Founder and CEO, Ikenna Victor Nwudu says they connect bulk manufacturers and retailers on a platform that not only provides custom-designed storefronts for merchants but also ensure satisfying closure of sales and purchases and a simple, efficient user experience for everyone.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52226602Tue, 20 Dec 2022 09:52:07 +0000Africa Business RadioLodre Mainmarket, an e-commerce solution geared towards facilitating bulk trade between African manufacturers and wholesalers was introduced to the public in a launch held at Zone Tech Park on the 16th of December 2022. TLodre Mainmarket boasts of...TLodre Mainmarket boasts of seven key categories which includes Consumer Electronics, Fashion, Vehicle Parts and Accessories, Sports and Entertainment, Home and Garden, Beauty and Personal Care and Food and Groceries. These categories and sub-categories are in place to guarantee that merchants and buyers needs are covered on the platform.
Lodre Mainmarket unique, Founder and CEO, Ikenna Victor Nwudu says they connect bulk manufacturers and retailers on a platform that not only provides custom-designed storefronts for merchants but also ensure satisfying closure of sales and purchases and a simple, efficient user experience for everyone.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>108africa,africa_business_radio,afrocentric,e-commerce,lorde,tech_newsfalsefullhttps://www.spreaker.com/episode/edo-smart-digital-identity-scheme-lauded-as-most-ambitious-in-nigeria--52226605Governor Obaseki says the Edo Card is unique in that it links directly with the National Identity Management Commission database to provide one single form of identity for residents of the state in line with global best practices.
He says the launch of the smart residency card marks a significant milestone in our journey and the target is to have no less than 1 million cards issued by 2024.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52226605Tue, 20 Dec 2022 09:49:33 +0000Africa Business RadioExecutive Governor of Edo State, Godwin Obaseki, has described the Smart Digital Identity initiative of the state as the most ambitious in Nigeria and a critical enabler of the government’s technology program implementation roadmap. Governor Obaseki...Governor Obaseki says the Edo Card is unique in that it links directly with the National Identity Management Commission database to provide one single form of identity for residents of the state in line with global best practices.
He says the launch of the smart residency card marks a significant milestone in our journey and the target is to have no less than 1 million cards issued by 2024.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,digital_identity,identity_scheme,tech_news,technologyfalsefullhttps://www.spreaker.com/episode/snyk-scores-another-196m-as-valuation-drops-12-to-7-4b--52184884That previous round was $530 million with $300 million in primary funding and the remaining $230 million in secondary funding to pay off early investors and employees, anxious to see some return on their equity. The primary money came on an $8.5 billion valuation, $1.1 billion higher than today’s round.
Snyk CEO Peter McKay says getting the right terms were more essential than increasing the valuation, especially in the current market.
He says it was more important that we get the right terms than that I absolutely have to get to $8.6 billion. If the market is saying you’re at 7.4, then we’re at 7.4.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52184884Wed, 14 Dec 2022 14:24:35 +0000Africa Business RadioSnyk hasn’t been afraid to take money over the years, scoring an ever larger investment haul with each passing round, and with each one has come a correspondingly large valuation increase. That previous round was $530 million with $300 million in...That previous round was $530 million with $300 million in primary funding and the remaining $230 million in secondary funding to pay off early investors and employees, anxious to see some return on their equity. The primary money came on an $8.5 billion valuation, $1.1 billion higher than today’s round.
Snyk CEO Peter McKay says getting the right terms were more essential than increasing the valuation, especially in the current market.
He says it was more important that we get the right terms than that I absolutely have to get to $8.6 billion. If the market is saying you’re at 7.4, then we’re at 7.4.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa_business_radio,africa_tech_news,business,investment,snykfalsefullhttps://www.spreaker.com/episode/digip-digitizes-the-process-of-applying-for-trademarks--52184885The Stockholm-based legaltech startup announced it has added $1.3 million to its seed round, bringing the total to $3.4 million. The new funding was led by Industrifonden and Seed X, with participation from family offices and angel investors.
Co-founder and CEO Viktor Johansson says that Digip was founded after its team saw that entrepreneurs are reluctant to use traditional law firms that bill by the hour.
To file trademarks, businesses usually ask a lawyer to conduct trademark searches. They are billed per search, which adds up quickly if a business has multiple brands they need to trademark.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52184885Wed, 14 Dec 2022 14:22:54 +0000Africa Business RadioDigip digitizes much of the process, helping its customers file trademarks by themselves instead of going to law firms. The Stockholm-based legaltech startup announced it has added $1.3 million to its seed round, bringing the total to $3.4 million....The Stockholm-based legaltech startup announced it has added $1.3 million to its seed round, bringing the total to $3.4 million. The new funding was led by Industrifonden and Seed X, with participation from family offices and angel investors.
Co-founder and CEO Viktor Johansson says that Digip was founded after its team saw that entrepreneurs are reluctant to use traditional law firms that bill by the hour.
To file trademarks, businesses usually ask a lawyer to conduct trademark searches. They are billed per search, which adds up quickly if a business has multiple brands they need to trademark.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,africa_tech_news,digip,legaltech,trademarkfalsefullhttps://www.spreaker.com/episode/ftx-founder-sam-bankman-fried-has-been-arrested-in-the-bahamas--52184886The Office of the Attorney General of the Bahamas issued a statement today, which was reported by BNO and other news outlets, that it would hold Bankman-Fried in custody until a formal request for extradition is made.
Bahamian Prime Minister Philip Davis says the Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52184886Wed, 14 Dec 2022 14:20:21 +0000Africa Business RadioSam Bankman-Fried has been arrested by The Royal Bahamas Police Force following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX, and is likely to request his extradition. The...The Office of the Attorney General of the Bahamas issued a statement today, which was reported by BNO and other news outlets, that it would hold Bankman-Fried in custody until a formal request for extradition is made.
Bahamian Prime Minister Philip Davis says the Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,africa_tech_news,cryptocurrency,frauds,ftxfalsefullhttps://www.spreaker.com/episode/fintech-unicorn-chipper-cash-set-to-buy-zambia-fintech-pioneer-zoona--52184887This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and a new agent network to its offerings. This move is also an expansion strategy by the company into Zambia.
Chipper Cash’s VP of Corporate Development, Laura Kennedy, says Zoona’s acquisition will offer it incredible innovation, a great partner network, complementary products and services, and talented in-country teams.
Zoona’s co-founder and CEO, Brett Magrath, says this acquisition allows the two companies to combine their expertise to connect consumers and businesses across the continent while positioning themselves as the first choice provider of financial services for the people of Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52184887Wed, 14 Dec 2022 14:18:30 +0000Africa Business RadioPan-African cross-border payment app Chipper Cash is set to acquire Zambian fintech company Zoona Transactions International. This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and...This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and a new agent network to its offerings. This move is also an expansion strategy by the company into Zambia.
Chipper Cash’s VP of Corporate Development, Laura Kennedy, says Zoona’s acquisition will offer it incredible innovation, a great partner network, complementary products and services, and talented in-country teams.
Zoona’s co-founder and CEO, Brett Magrath, says this acquisition allows the two companies to combine their expertise to connect consumers and businesses across the continent while positioning themselves as the first choice provider of financial services for the people of Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,africa_tech_news,cross_payment_border,fintech,zambia,zonnafalsefullhttps://www.spreaker.com/episode/kenya-clears-kandon-technologies-of-money-laundering-allegations--52184891The ARA linked Kandon Technologies to seven other Nigerian firms—Flutterwave Ltd, Elivalat Fintech Ltd, Hupesi Solutions, Adguru Technology Limited, Boxtrip Travels and Tours, Bagtrip Travels Ltd, Cruz Ride Auto Ltd; and a Kenyan businessman, Simon Karanja—whose combined 56 bank accounts holding over $59.2 million (Sh6 billion) were frozen in July over similar allegations.
Kenya’s National Police Service investigation arm, the Directorate of Criminal Investigation 11 revealed that the allegations leveled at Kandon technologies were not established.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52184891Wed, 14 Dec 2022 14:16:37 +0000Africa Business RadioKandon Technologies, a Nigerian tech company, has been cleared of money laundering and card fraud allegations laid against it by Kenyan authorities earlier in July. The ARA linked Kandon Technologies to seven other Nigerian firms—Flutterwave Ltd,...The ARA linked Kandon Technologies to seven other Nigerian firms—Flutterwave Ltd, Elivalat Fintech Ltd, Hupesi Solutions, Adguru Technology Limited, Boxtrip Travels and Tours, Bagtrip Travels Ltd, Cruz Ride Auto Ltd; and a Kenyan businessman, Simon Karanja—whose combined 56 bank accounts holding over $59.2 million (Sh6 billion) were frozen in July over similar allegations.
Kenya’s National Police Service investigation arm, the Directorate of Criminal Investigation 11 revealed that the allegations leveled at Kandon technologies were not established.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,africa_tech_news,fraud,kandon,kenya,money_launderingfalsefullhttps://www.spreaker.com/episode/accounting-firm-mazars-says-binance-is-fully-collateralized--52184890Binance’s bitcoin asset balance (Binance’s bitcoins) was 582,486 bitcoins and its customer liability balance (customers’ bitcoins) was 597,602 bitcoins. Comparing these two figures, Binance’s bitcoin holdings are under-collateralized by 3% (or $245 million, per the bitcoin price on the reporting date) against its customers’ bitcoin assets.
According to a July report by the Financial Reporting Council, Mazars has been growing too fast, picking up higher-risk audits being dropped by their peers, without adequate controls to ensure high-quality audits.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52184890Wed, 14 Dec 2022 14:13:39 +0000Africa Business RadioSouth African accounting firm Mazars stated that crypto exchange Binance.com is fully collateralized. Binance had commissioned the report to assure customers that it had enough reserve funds to cover customers’ assets on the exchange at a ratio of at...Binance’s bitcoin asset balance (Binance’s bitcoins) was 582,486 bitcoins and its customer liability balance (customers’ bitcoins) was 597,602 bitcoins. Comparing these two figures, Binance’s bitcoin holdings are under-collateralized by 3% (or $245 million, per the bitcoin price on the reporting date) against its customers’ bitcoin assets.
According to a July report by the Financial Reporting Council, Mazars has been growing too fast, picking up higher-risk audits being dropped by their peers, without adequate controls to ensure high-quality audits.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81accounting,africa,africa_business_radio,binance,mazars,tech_newsfalsefullhttps://www.spreaker.com/episode/uber-eats-to-pay-millions-for-listing-chicago-restaurants-without-consent--52121373Cohen Milstein Sellers & Toll, a law firm representing the city says over $5 million will go toward paying damages back to Chicago restaurants that were affected, and $1.5 million will go to Chicago for the costs incurred during the city’s two-year investigation into the matterChicago’s, not the first city to deal with food delivery apps listing restaurants without their permission, and this isn’t Postmates’ first offense.
Several apps, including Seamless, Grubhub, and DoorDash, have been accused of pulling restaurant menus listed online and putting them on their own platforms.
Mayor Lori Lightfoot says the settlement reflects the City’s commitment to creating a fair and honest marketplace that protects both consumers and businesses from unlawful conduct.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52121373Wed, 07 Dec 2022 16:04:04 +0000Africa Business RadioUber has agreed to a $10 million settlement with the City of Chicago for listing local restaurants in the Uber Eats and Postmates food delivery apps without the restaurants’ consent, as well as for charging excess commission fees. Cohen Milstein...Cohen Milstein Sellers & Toll, a law firm representing the city says over $5 million will go toward paying damages back to Chicago restaurants that were affected, and $1.5 million will go to Chicago for the costs incurred during the city’s two-year investigation into the matterChicago’s, not the first city to deal with food delivery apps listing restaurants without their permission, and this isn’t Postmates’ first offense.
Several apps, including Seamless, Grubhub, and DoorDash, have been accused of pulling restaurant menus listed online and putting them on their own platforms.
Mayor Lori Lightfoot says the settlement reflects the City’s commitment to creating a fair and honest marketplace that protects both consumers and businesses from unlawful conduct.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>102africa_business_radio,chicago_resturants,news,uber_eatfalsefullhttps://www.spreaker.com/episode/sbm-bank-india-seeks-funding-at-200-million-valuation--52121374The Indian arm is in the advanced stages of deliberations to raise between $50 million to $75 million at a pre-money valuation of about $200 million, the source said, requesting anonymity discussing private matters. The round hasn’t closed, so the terms of the deal may change.
The firm sees its deep partnerships with fintech startups such as Bengaluru-headquartered fintechs Razorpay and Slice as a key growth pillar, according to an investor presentation seen by TechCrunch.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52121374Wed, 07 Dec 2022 16:00:44 +0000Africa Business RadioThe Indian arm of SBM Bank, one of the banks that has aggressively worked with fintech startups in the South Asian market, is engaging with investors to raise capital and pitching the vision of becoming one of the top banking-as-a-service providers in...The Indian arm is in the advanced stages of deliberations to raise between $50 million to $75 million at a pre-money valuation of about $200 million, the source said, requesting anonymity discussing private matters. The round hasn’t closed, so the terms of the deal may change.
The firm sees its deep partnerships with fintech startups such as Bengaluru-headquartered fintechs Razorpay and Slice as a key growth pillar, according to an investor presentation seen by TechCrunch.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,fintech,india,news,seed_funding,startupsfalsefullhttps://www.spreaker.com/episode/onomotion-raises-21-million-to-expand-e-cargo-bike-urban-logistics-business--52121375Onomotion has a couple hundred vehicles on the road in Germany with logistics partners like UPS, DPD and Hermes. Over the next few years, the company wants to expand to several thousands of vehicles across Europe and North America.
Onomotion will pay GLS back after seven years, including a yearly interest rate of 5.5%, according to Beres Seelbach, co-founder, and CEO. The executive said Onomotion will use the debt to build more vehicles so it can scale operations.
The funding comes as more cities and logistics companies move towards finding both more sustainable and efficient solutions for delivering packages in dense urban centers.
Seelbach says they want to go to international markets in Europe like Paris or Brussels and then to North America, the United States, and Canada.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52121375Wed, 07 Dec 2022 15:57:24 +0000Africa Business RadioBerlin-based Onomotion has come up with a scalable way to do micromobility-powered urban logistics cargo e-bikes with built-in cover from the elements and attachable containers. Onomotion has a couple hundred vehicles on the road in Germany with...Onomotion has a couple hundred vehicles on the road in Germany with logistics partners like UPS, DPD and Hermes. Over the next few years, the company wants to expand to several thousands of vehicles across Europe and North America.
Onomotion will pay GLS back after seven years, including a yearly interest rate of 5.5%, according to Beres Seelbach, co-founder, and CEO. The executive said Onomotion will use the debt to build more vehicles so it can scale operations.
The funding comes as more cities and logistics companies move towards finding both more sustainable and efficient solutions for delivering packages in dense urban centers.
Seelbach says they want to go to international markets in Europe like Paris or Brussels and then to North America, the United States, and Canada.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>100africa_business_radio,berlin,bike,e_cargo,news,transportationfalsefullhttps://www.spreaker.com/episode/amazon-set-to-launch-prime-gaming-in-india--52121376The company says that Prime Gaming unlocks instant access to tons of exclusive content for your favorite games and a rotating collection of PC games…each and every month.
A support page on the Prime Gaming website also mentions India as an operational market for the service, however, users who’re currently attempting to access Prime Gaming are being redirected to a blank page.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52121376Wed, 07 Dec 2022 15:55:33 +0000Africa Business RadioAmazon is inching closer to launching Prime Gaming, its subscription service that offers free access to a number of titles and which ships bundled with Amazon Prime and Video plans, to its members in India. The company says that Prime Gaming unlocks...The company says that Prime Gaming unlocks instant access to tons of exclusive content for your favorite games and a rotating collection of PC games…each and every month.
A support page on the Prime Gaming website also mentions India as an operational market for the service, however, users who’re currently attempting to access Prime Gaming are being redirected to a blank page.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>82africa_business_radio,amazon,india,news,prime_gamingfalsefullhttps://www.spreaker.com/episode/orda-raises-3-4-million-to-digitise-african-restaurants--52121381The company provides a cloud-based operating system to small and medium-sized restaurants across Nigeria and Kenya.
The startup offers kitchen display systems, order and inventory management, integration with the top food aggregators, accounting software, microsites, and mobile apps, to African restaurants.
The majority of restaurants in Africa are small and medium-sized, and according to Orda, it now processes more than 500% more weekly orders for these types of restaurants and has expanded its customer base to over 600 restaurants in Nigeria and Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52121381Wed, 07 Dec 2022 15:54:11 +0000Africa Business RadioNigerian food tech platform, Orda, has raised a $3.4 million seed round to digitize food businesses across the continent. The company provides a cloud-based operating system to small and medium-sized restaurants across Nigeria and Kenya. The...The company provides a cloud-based operating system to small and medium-sized restaurants across Nigeria and Kenya.
The startup offers kitchen display systems, order and inventory management, integration with the top food aggregators, accounting software, microsites, and mobile apps, to African restaurants.
The majority of restaurants in Africa are small and medium-sized, and according to Orda, it now processes more than 500% more weekly orders for these types of restaurants and has expanded its customer base to over 600 restaurants in Nigeria and Kenya.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa,africa_business_radio,african_resturant,digitalisation,news,nigeriafalsefullhttps://www.spreaker.com/episode/safeboda-retreats-from-nigeria-to-double-down-on-profitability-in-uganda--52121382The company says it exited Kenya due to the negative effects of COVID-19 on its business.
A company spokesperson says that the Nigerian market for its operations was unprofitable adding that leaving Nigeria because the okada industry in its current state is not economically viable and unfortunately requires significant investment at this challenging time in the global economic landscape.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52121382Wed, 07 Dec 2022 15:52:18 +0000Africa Business RadioSafeBoda, the Ugandan bike-hailing startup, is leaving Nigeria to focus on bringing the company to profitability by deepening its core transportation offering” in Uganda, its largest market. The company says it exited Kenya due to the negative...The company says it exited Kenya due to the negative effects of COVID-19 on its business.
A company spokesperson says that the Nigerian market for its operations was unprofitable adding that leaving Nigeria because the okada industry in its current state is not economically viable and unfortunately requires significant investment at this challenging time in the global economic landscape.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_africa,news,nigeria,start_up,ugandafalsefullhttps://www.spreaker.com/episode/seedstars-capital-launches-to-support-new-fund-managers-around-the-world--52054466Seedstars International Ventures, the investment firm that backs high-growth startups around the world, announced it has launched a platform called Seedstars Capital with Swiss-based investment holding company xMultiplied to help new fund managers around the world launch funds and develop their investment firms.
Seedstars Group co-founder and Seedstars Capital managing partner Michael Weber and Seedstars Capital partner Benjamin Langer says that Seedstars mission is to impact people’s lives in emerging markets through technology and entrepreneurship.”
Seedstars Capital will look for sector and industry-specific strategies in regions and countries like Brazil, Nigeria, Indonesia and India. It is looking for funds that target pre-seed to Series A companies, since that is where they see the biggest funding gaps and potential.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52054466Wed, 30 Nov 2022 11:54:08 +0000Africa Business RadioThe venture market is in the middle of a downturn, but there are still plenty of emerging fund managers. Seedstars International Ventures, the investment firm that backs high-growth startups around the world, announced it has launched a platform...Seedstars International Ventures, the investment firm that backs high-growth startups around the world, announced it has launched a platform called Seedstars Capital with Swiss-based investment holding company xMultiplied to help new fund managers around the world launch funds and develop their investment firms.
Seedstars Group co-founder and Seedstars Capital managing partner Michael Weber and Seedstars Capital partner Benjamin Langer says that Seedstars mission is to impact people’s lives in emerging markets through technology and entrepreneurship.”
Seedstars Capital will look for sector and industry-specific strategies in regions and countries like Brazil, Nigeria, Indonesia and India. It is looking for funds that target pre-seed to Series A companies, since that is where they see the biggest funding gaps and potential.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,fund_managers,investment,seedstars,tech_newsfalsefullhttps://www.spreaker.com/episode/aws-announces-digital-sovereignty-pledge--52054467Matt Garman, AWS’s senior vice president of Sales, Marketing and Global Services, notes that giving customers control over their data has always been a priority for AWS, but with constantly shifting and evolving legal requirements, managing all of this has become increasingly complex.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52054467Wed, 30 Nov 2022 11:52:53 +0000Africa Business RadioAWS announced its AWS Digital Sovereignty Pledge as nations across the globe introduce legislation that governs how and where businesses can keep data on their local users, the large clouds either have to offer attractive solutions or run the risk of...Matt Garman, AWS’s senior vice president of Sales, Marketing and Global Services, notes that giving customers control over their data has always been a priority for AWS, but with constantly shifting and evolving legal requirements, managing all of this has become increasingly complex.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>70africa_business_radio,aws,digital_sovereignty_pledge,marketing,tech_newsfalsefullhttps://www.spreaker.com/episode/south-african-crypto-exchange-valr-launches-in-zambia--52054465The exchange will allow Zambians to buy and sell Bitcoin and USD Coin as well as 60+ other cryptocurrencies directly using the Zambian Kwacha.
VALR CEO Farzam Ehsani says they built a world-class product with a focus on robust security, high performance, and regulatory compliance, and we look forward to welcoming the Zambian retail and institutional market to VALR.
Ehsani stated that the company has no exposure to FTX or FTT while commenting on Twitter on whether FTX’s issues will in any way affect VALR’s operations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52054465Wed, 30 Nov 2022 11:51:19 +0000Africa Business RadioSouth African crypto exchange VALR has announced the launch of its operations in Zambia. The exchange will allow Zambians to buy and sell Bitcoin and USD Coin as well as 60+ other cryptocurrencies directly using the Zambian Kwacha. VALR CEO...The exchange will allow Zambians to buy and sell Bitcoin and USD Coin as well as 60+ other cryptocurrencies directly using the Zambian Kwacha.
VALR CEO Farzam Ehsani says they built a world-class product with a focus on robust security, high performance, and regulatory compliance, and we look forward to welcoming the Zambian retail and institutional market to VALR.
Ehsani stated that the company has no exposure to FTX or FTT while commenting on Twitter on whether FTX’s issues will in any way affect VALR’s operations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,bitcoin,cryptocurrency,south_africa,tech_news,zambiafalsefullhttps://www.spreaker.com/episode/ramani-raises-32-million-series-a-to-digitise-tanzania-s-supply-chain--52054469The government of Zanzibar and Wasoko (Africa’s fastest-growing company according to the Financial Times) announced the launch of Silicon Zanzibar.
Ramani, a software-as-a-service startup operating in Tanzania, has raised a $32 million Series A equity and debt round.
The startup says the funds will be used to scale its network of micro-distribution centres and also launch a new micro-credit offering for select MDCs.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52054469Wed, 30 Nov 2022 11:49:13 +0000Africa Business RadioDue to Kenya’s long-standing dominance of tech innovation in the East African region, Tanzania is not regarded as a typical destination for VC-backed startups to launch or operate their businesses. The government of Zanzibar and Wasoko (Africa’s...The government of Zanzibar and Wasoko (Africa’s fastest-growing company according to the Financial Times) announced the launch of Silicon Zanzibar.
Ramani, a software-as-a-service startup operating in Tanzania, has raised a $32 million Series A equity and debt round.
The startup says the funds will be used to scale its network of micro-distribution centres and also launch a new micro-credit offering for select MDCs.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,east_africa,kenya,tanzania,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-crypto-exchange-quidax-lays-off-20-of-its-workforce--52054468The startups confirmed that this layoff is unrelated to the bankrupt crypto exchange FTX and instead a response to unfavorable macroeconomic conditions.
The startup, which is the latest African company to cut staff count, in August slashed employees’ salaries by 30% and team leads’ by 50% for three months, but just after the arrangement’s expiration period, the company is letting go of 20 of its remaining employees.
CEO Buchi Okoro says the number one priority right now is to focus on team morale and keep business operations running as smoothly as possible.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52054468Wed, 30 Nov 2022 11:47:59 +0000Africa Business RadioNigerian crypto startup Quidax has laid off 20% or 20 of its just over 100-strong staff. The startups confirmed that this layoff is unrelated to the bankrupt crypto exchange FTX and instead a response to unfavorable macroeconomic conditions. The...The startups confirmed that this layoff is unrelated to the bankrupt crypto exchange FTX and instead a response to unfavorable macroeconomic conditions.
The startup, which is the latest African company to cut staff count, in August slashed employees’ salaries by 30% and team leads’ by 50% for three months, but just after the arrangement’s expiration period, the company is letting go of 20 of its remaining employees.
CEO Buchi Okoro says the number one priority right now is to focus on team morale and keep business operations running as smoothly as possible.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>88africa_business_radio,business,cryptocurrency,layoff,quidax,tech_newsfalsefullhttps://www.spreaker.com/episode/mtn-zambia-launches-the-country-s-first-5g-network--52054464Chairman of the MTN Group, Mcebisi Jonas, says the launch of this ultra-fast communication capacity serves as a clear indication of MTN’s commitment to being a major player in Zambia’s digital economy.
MTN Zambia CEO, Bart Hofker, says MTN’s 5G services have been activated to cover about 65% of the population in the cities of Lusaka, Kitwe, and Ndola, as well as parts of Chingola, Solwezi, and Kalumbila. This represents about 15% of the population.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/52054464Wed, 30 Nov 2022 11:47:40 +0000Africa Business RadioMTN Zambia has launched a 5G network, becoming the first mobile operator in Zambia to offer 5G services commercially, after successfully running trials over the past 11 months. Chairman of the MTN Group, Mcebisi Jonas, says the launch of this...Chairman of the MTN Group, Mcebisi Jonas, says the launch of this ultra-fast communication capacity serves as a clear indication of MTN’s commitment to being a major player in Zambia’s digital economy.
MTN Zambia CEO, Bart Hofker, says MTN’s 5G services have been activated to cover about 65% of the population in the cities of Lusaka, Kitwe, and Ndola, as well as parts of Chingola, Solwezi, and Kalumbila. This represents about 15% of the population.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>815g_network,africa_business_radio,mtn_zambia,tech_newsfalsefullhttps://www.spreaker.com/episode/crypto-firm-genesis-says-it-has-no-plans-to-file-bankruptcy-imminently--51989512A Genesis spokesperson says their goal is to resolve the current situation consensually without the need for any bankruptcy filing. Genesis continues to have constructive conversations with creditors.
Sources shared that Genesis cut its capital raise target by 50% from $1 billion to $500 million, as it may face bankruptcy without the funding.
Genesis was facing a liquidity crisis after FTX collapsed, which created unprecedented market turmoil, resulting in abnormal withdrawal requests which have exceeded our current liquidity.
The firm decided to temporarily suspend redemptions and new loan originations in the lending business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51989512Wed, 23 Nov 2022 12:57:42 +0000Africa Business RadioGenesis, a digital assets financial services firm, may be in hot water as it looks to raise fresh capital for its lending unit or potentially face bankruptcy if it can’t. A Genesis spokesperson says their goal is to resolve the current situation...A Genesis spokesperson says their goal is to resolve the current situation consensually without the need for any bankruptcy filing. Genesis continues to have constructive conversations with creditors.
Sources shared that Genesis cut its capital raise target by 50% from $1 billion to $500 million, as it may face bankruptcy without the funding.
Genesis was facing a liquidity crisis after FTX collapsed, which created unprecedented market turmoil, resulting in abnormal withdrawal requests which have exceeded our current liquidity.
The firm decided to temporarily suspend redemptions and new loan originations in the lending business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>106africa_business_radio,digital_assets,financial_service,genesis,tech_newsfalsefullhttps://www.spreaker.com/episode/faraday-future-warns-it-may-not-be-able-to-deliver-its-luxury-ev--51989514The company says it has substantial doubt as to whether it would be able to continue operating over the next year, adding that it is uncertain when it will dispatch the first deliveries of its FF 91 luxury EVs.
Faraday has 369 preorders, down from 399 refundable, non-binding, paid deposits it had as of June 30, according to the company.
Faraday cited many conditions that will affect the timing of deliveries, including whether suppliers meet their deliverables, the timing, and success of certification testing and the implementation and effectiveness of the company’s headcount reductions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51989514Wed, 23 Nov 2022 12:54:32 +0000Africa Business RadioElectric vehicle startup-gone-SPAC Faraday Future has raised a going concern warning, per regulatory filings. The company says it has substantial doubt as to whether it would be able to continue operating over the next year, adding that it is...The company says it has substantial doubt as to whether it would be able to continue operating over the next year, adding that it is uncertain when it will dispatch the first deliveries of its FF 91 luxury EVs.
Faraday has 369 preorders, down from 399 refundable, non-binding, paid deposits it had as of June 30, according to the company.
Faraday cited many conditions that will affect the timing of deliveries, including whether suppliers meet their deliverables, the timing, and success of certification testing and the implementation and effectiveness of the company’s headcount reductions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>112africa_business_radio,electric_vehicle,faraday_future,tech_newsfalsefullhttps://www.spreaker.com/episode/spain-s-cobee-raises-41m-for-an-employee-benefits-superapp--51989513The company has raised €40 million in a Series B round of funding co-led by Octopus Ventures and Notion Capital, with participation from previous backers Balderton Capital, Speedinvest, and Dila Capital.
It will use the funds to expand to other Spanish- and Portuguese-speaking markets in Latin America, starting with Mexico, as well as to other countries in Southern Europe.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51989513Wed, 23 Nov 2022 12:52:44 +0000Africa Business RadioCobee, a platform, and app to make organizing and accessing these a little easier by way of an app, a payment card (physical or virtual), and an integration with payroll, has announced some funding on the heels of seeing strong interest in its...The company has raised €40 million in a Series B round of funding co-led by Octopus Ventures and Notion Capital, with participation from previous backers Balderton Capital, Speedinvest, and Dila Capital.
It will use the funds to expand to other Spanish- and Portuguese-speaking markets in Latin America, starting with Mexico, as well as to other countries in Southern Europe.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>121africa_business_radio,cobee,payment_card,tech_newsfalsefullhttps://www.spreaker.com/episode/paystack-secures-payment-service-provider-license-in-kenya--51989517This development follows the company’s expansion into Kenya and its private beta product launch.
Paystack acquired its payment license despite the country’s apex bank showing conspicuous prudence in allocating payment licenses to fintech operating in the country.
Paystack’s new license will allow it to process payments in Kenyan shillings and USD, provide no-code commerce tools, and enable merchants more control of their businesses through the Paystack merchant app.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51989517Wed, 23 Nov 2022 12:49:56 +0000Africa Business RadioPaystack, the Nigerian-born fintech company acquired by Stripe, has secured a payment service provider license from the Central Bank of Kenya, enabling it to facilitate payments and optimize merchant experience for Kenyan businesses. This...This development follows the company’s expansion into Kenya and its private beta product launch.
Paystack acquired its payment license despite the country’s apex bank showing conspicuous prudence in allocating payment licenses to fintech operating in the country.
Paystack’s new license will allow it to process payments in Kenyan shillings and USD, provide no-code commerce tools, and enable merchants more control of their businesses through the Paystack merchant app.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>83africa_business_radio,kenya,news,payment_service,paystack,stripefalsefullhttps://www.spreaker.com/episode/fintech-unicorn-chipper-cash-set-to-buy-zambia-s-fintech-pioneer-zoona--51989515This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and a new agent network to its offerings. This move is also an expansion strategy by the company into Zambia.
Chipper Cash’s VP of Corporate Development, Laura Kennedy, says Zoona’s acquisition will offer it incredible innovation, a great partner network, complementary products and services, and talented in-country teams.
For Zoona’s co-founder and CEO, Brett Magrath, this acquisition allows the two companies to combine their expertise to connect consumers and businesses across the continent while positioning themselves as the first choice provider of financial services for the people of Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51989515Wed, 23 Nov 2022 12:47:14 +0000Africa Business RadioPan-African cross-border payment app Chipper Cash is set to acquire Zambian fintech company Zoona Transactions International. This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and...This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and a new agent network to its offerings. This move is also an expansion strategy by the company into Zambia.
Chipper Cash’s VP of Corporate Development, Laura Kennedy, says Zoona’s acquisition will offer it incredible innovation, a great partner network, complementary products and services, and talented in-country teams.
For Zoona’s co-founder and CEO, Brett Magrath, this acquisition allows the two companies to combine their expertise to connect consumers and businesses across the continent while positioning themselves as the first choice provider of financial services for the people of Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa,africa_business_radio,chipper_cash,digital_transaction,fintech,news,zambiafalsefullhttps://www.spreaker.com/episode/jumia-cuts-staff-costs-and-discontinues-free-delivery-subscription-service--51989519The company’s results showed consistent growth but lapses in some areas compared with Jumia’s previous quarter.
The company reported $50.5 million in revenue for this year’s third quarter, a 6% growth compared to $47.6 million in Q2, and an 18.4% increase compared to $42.7 million in revenue in the same period last year.
Gross merchandise value declined to $240.7 million from $252.7 previous quarter despite being an increase from $238.1 million realized in the previous quarter.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51989519Wed, 23 Nov 2022 12:45:19 +0000Africa Business RadioAfrica’s e-commerce giant Jumia is ending its free delivery Prime subscription service and cutting staff costs according to its Q3 earnings announcement. The company’s results showed consistent growth but lapses in some areas compared with Jumia’s...The company’s results showed consistent growth but lapses in some areas compared with Jumia’s previous quarter.
The company reported $50.5 million in revenue for this year’s third quarter, a 6% growth compared to $47.6 million in Q2, and an 18.4% increase compared to $42.7 million in revenue in the same period last year.
Gross merchandise value declined to $240.7 million from $252.7 previous quarter despite being an increase from $238.1 million realized in the previous quarter.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>115africa,africa_business_radio,jumia,staff_cut,tech_newsfalsefullhttps://www.spreaker.com/episode/gofreight-raises-28m-to-become-the-shopify-of-freight-forwarding--51909993A startup called GoFreight wants to help them compete by providing the Shopify of freight forwarding, with backend software that makes their operations run more smoothly, and a frontend that lets them set up a storefront and provide quotes in a few minutes.
The Los Angeles and Taipei-based startup has raised $23 million in Series A funding, co-led by Flex Capital and Headline.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51909993Wed, 16 Nov 2022 12:13:59 +0000Africa Business RadioUnicorn Flexport is revolutionizing the world of logistics, serving as a freight forwarder with software that enables customers to manage their shipments. But there are still thousands of smaller freight forwarders, many running on outdated ERP...A startup called GoFreight wants to help them compete by providing the Shopify of freight forwarding, with backend software that makes their operations run more smoothly, and a frontend that lets them set up a storefront and provide quotes in a few minutes.
The Los Angeles and Taipei-based startup has raised $23 million in Series A funding, co-led by Flex Capital and Headline.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>95africa_business_radio,logistics,shopify,tech_news,unicorn_flexportfalsefullhttps://www.spreaker.com/episode/google-says-surveillance-vendor-targeted-samsung-phones-with-zero-days--51909994The vulnerabilities, discovered in Samsung’s custom-built software, were used together as part of an exploit chain to target Samsung phones running Android. The chained vulnerabilities allow an attacker to gain kernel read and write privileges as the root user, and ultimately expose a device’s data.
Google Project Zero security researcher Maddie Stone says that the exploit chain targets Samsung phones with an Exynos chip running a specific kernel version. Samsung phones are sold with Exynos chips primarily across Europe, the Middle East, and Africa, which is likely where the targets of the surveillance are located.
Stone says Samsung phones running the affected kernel at the time include the S10, A50, and A51.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51909994Wed, 16 Nov 2022 12:12:27 +0000Africa Business RadioGoogle says it has evidence that a commercial surveillance vendor was exploiting three zero-day security vulnerabilities found in newer Samsung smartphones. The vulnerabilities, discovered in Samsung’s custom-built software, were used together as...The vulnerabilities, discovered in Samsung’s custom-built software, were used together as part of an exploit chain to target Samsung phones running Android. The chained vulnerabilities allow an attacker to gain kernel read and write privileges as the root user, and ultimately expose a device’s data.
Google Project Zero security researcher Maddie Stone says that the exploit chain targets Samsung phones with an Exynos chip running a specific kernel version. Samsung phones are sold with Exynos chips primarily across Europe, the Middle East, and Africa, which is likely where the targets of the surveillance are located.
Stone says Samsung phones running the affected kernel at the time include the S10, A50, and A51.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>115africa_business_radio,google,iphone,samsung,security,tech_newsfalsefullhttps://www.spreaker.com/episode/egyptian-fintech-blnk-raises-32-million-to-provide-loans-in-egypt--51909997The $12.5 equity round was led by Abu Dhabi’s Emirates International Investment Company and Egypt-based venture capital firm, Sawari Ventures, with participation from several prominent local and international angel investors.
The debt funding of $11.2 million was secured from several leading local banks and the $8.3 million securitized bond issuance was underwritten by the National Bank of Egypt and Banque du Caire.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51909997Wed, 16 Nov 2022 12:11:12 +0000Africa Business RadioBlnk is providing consumers with access to credit at the point of sale. The startup has raised a total of $32 million in a combined pre-seed and seed funding round, which comprises $23.7 million in equity and debt funding as well as $8.3 million in...The $12.5 equity round was led by Abu Dhabi’s Emirates International Investment Company and Egypt-based venture capital firm, Sawari Ventures, with participation from several prominent local and international angel investors.
The debt funding of $11.2 million was secured from several leading local banks and the $8.3 million securitized bond issuance was underwritten by the National Bank of Egypt and Banque du Caire.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,blnk,debt_funding,equity,seed_funding,startup,tech_newsfalsefullhttps://www.spreaker.com/episode/sendy-receives-funding-from-japanese-vc-mol-plus--51909992The funding, which appears to be a bail-out fund, is expected to keep things steady at Sendy as the logistics startup figures out its next act.
The funding negotiations with MOL PLUS appear to have coincided with Sendy’s aggressive cost-cutting over the last three months.
CEO and co-founder Mesh Alloys had earlier attributed the layoffs to the current realities impacting tech companies globally.
MOL PLUS joins existing Sendy investors such as Atlantica Ventures and Toyota Tsusho Corporation to help scale fulfillment services in Kenya, Uganda, Nigeria, and Cote d’Ivoire.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51909992Wed, 16 Nov 2022 12:09:37 +0000Africa Business RadioKenyan-based fulfillment and logistics startup Sendy has announced that it has received undisclosed funding from MOL PLUS, the venture capital arm of Japanese transport company Mitsui O.S.K. Lines, Ltd. The funding, which appears to be a bail-out...The funding, which appears to be a bail-out fund, is expected to keep things steady at Sendy as the logistics startup figures out its next act.
The funding negotiations with MOL PLUS appear to have coincided with Sendy’s aggressive cost-cutting over the last three months.
CEO and co-founder Mesh Alloys had earlier attributed the layoffs to the current realities impacting tech companies globally.
MOL PLUS joins existing Sendy investors such as Atlantica Ventures and Toyota Tsusho Corporation to help scale fulfillment services in Kenya, Uganda, Nigeria, and Cote d’Ivoire.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,funding,japanese,kenya,sendy,tech_newsfalsefullhttps://www.spreaker.com/episode/google-launches-its-delivery-tracking-feature--51909991Google says this feature will save users the stress of following individual tracking links for all their orders, as they will be able to see the status of their deliveries with labels like arriving tomorrow, in transit, and delivered today.
Google is launching this product at a strategic time, with Black Friday deals and Christmas orders—both of which account for almost 15% of all retail sales in the US– set to begin in a few weeks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51909991Wed, 16 Nov 2022 12:08:08 +0000Africa Business RadioGoogle has launched a delivery-tracking feature on Gmail, enabling users to receive updates about their orders automatically. Google says this feature will save users the stress of following individual tracking links for all their orders, as they...Google says this feature will save users the stress of following individual tracking links for all their orders, as they will be able to see the status of their deliveries with labels like arriving tomorrow, in transit, and delivered today.
Google is launching this product at a strategic time, with Black Friday deals and Christmas orders—both of which account for almost 15% of all retail sales in the US– set to begin in a few weeks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>78africa_business_radio,delivery_tracking,gmail,google,newsfalsefullhttps://www.spreaker.com/episode/kuda-joins-the-african-cross-border-payment-space--51909996The neobank says it has acquired over five million users in its three years of existence.
Kuda’s direct debits and transfers will be powered by a UK third-party company, Modulr, a popular embedded payments platform for digital businesses, to offer a mobile wallet, virtual and physical cards, local UK transfers, and direct debits.
Modulr powers other fintech companies like Revolut, Wagestream, Sage, and BrightPay.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51909996Wed, 16 Nov 2022 12:06:21 +0000Africa Business RadioKuda, the Nigerian, London-based neobank, has expanded into the UK to provide its digital banking services, including direct debits and local transfers, to diasporan Nigerians. The neobank says it has acquired over five million users in its three...The neobank says it has acquired over five million users in its three years of existence.
Kuda’s direct debits and transfers will be powered by a UK third-party company, Modulr, a popular embedded payments platform for digital businesses, to offer a mobile wallet, virtual and physical cards, local UK transfers, and direct debits.
Modulr powers other fintech companies like Revolut, Wagestream, Sage, and BrightPay.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>87africa_business_radio,digital_banking,kuda,news,u.kfalsefullhttps://www.spreaker.com/episode/paga-launches-virtual-cards-in-partnership-with-visa--51909998Paga users can now make payments using their Paga cards online or at any location that accepts Visa cards. The cards will be available in Naira first before US dollar-denominated cards are launched.
Paga chose to launch the Naira virtual cards first because Nigeria is Paga’s largest market, and the company says that there has been a demand for virtual cards from its users.
Tayo Oviosu, founder and CEO of Paga Group, says the Visa-branded cards is a significant milestone because it aligns with our goal of making it simple for people to access and use money.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51909998Wed, 16 Nov 2022 12:04:40 +0000Africa Business RadioPaga, a Nigerian fintech that has been in operation for 13 years, has partnered with Visa, a global card issuer, to launch virtual and physical cards. Paga users can now make payments using their Paga cards online or at any location that accepts...Paga users can now make payments using their Paga cards online or at any location that accepts Visa cards. The cards will be available in Naira first before US dollar-denominated cards are launched.
Paga chose to launch the Naira virtual cards first because Nigeria is Paga’s largest market, and the company says that there has been a demand for virtual cards from its users.
Tayo Oviosu, founder and CEO of Paga Group, says the Visa-branded cards is a significant milestone because it aligns with our goal of making it simple for people to access and use money.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,paga,tech_news,virtual_card,visafalsefullhttps://www.spreaker.com/episode/youtube-begins-rolling-out-shorts-on-tv-globally--51837698The company’s updated smart TV app will now allow users to view the popular vertical videos in an optimized experience that’s designed to feel more consistent with what users see on mobile, YouTube explains.
YouTube says the new Shorts-watching feature will require a smart TV from 2019 or later, a newer gaming console or a streaming device.
The videos themselves can be found on the new Shorts shelf on the homepage of the YouTube app or on a creator’s channel page.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51837698Wed, 09 Nov 2022 15:49:42 +0000Africa Business RadioYouTube is expanding the reach of its TikTok competitor, YouTube Shorts, with today’s announcement that it will begin rolling out Shorts on TV to its global users. The company’s updated smart TV app will now allow users to view the popular vertical...The company’s updated smart TV app will now allow users to view the popular vertical videos in an optimized experience that’s designed to feel more consistent with what users see on mobile, YouTube explains.
YouTube says the new Shorts-watching feature will require a smart TV from 2019 or later, a newer gaming console or a streaming device.
The videos themselves can be found on the new Shorts shelf on the homepage of the YouTube app or on a creator’s channel page.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,news,shorts,tiktok,youtubefalsefullhttps://www.spreaker.com/episode/us-doj-announces-seizure-of-3-36b-in-cryptocurrency--51837703The U.S. Attorney for the Southern District of New York says that James Zhong of Gainesville, Georgia, pleaded guilty on November 4 to committing wire fraud in September 2012. The charge carries a maximum sentence of 20 years in prison.
The statement says the plea came almost a year after law enforcement seized 50,676.17851897 bitcoin, then valued at more than $3.36 billion, from Zhong’s home
U.S. Attorney Damian WIlliams says the whereabouts of this massive amount of bitcoin was a mystery for almost 10 years.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51837703Wed, 09 Nov 2022 15:48:48 +0000Africa Business RadioThe U.S. Department of Justice says that law enforcement seized $3.36 billion of bitcoin from a man who unlawfully obtained more than 50,000 bitcoin from dark-web market Silk Road over a decade ago. The U.S. Attorney for the Southern District of New...The U.S. Attorney for the Southern District of New York says that James Zhong of Gainesville, Georgia, pleaded guilty on November 4 to committing wire fraud in September 2012. The charge carries a maximum sentence of 20 years in prison.
The statement says the plea came almost a year after law enforcement seized 50,676.17851897 bitcoin, then valued at more than $3.36 billion, from Zhong’s home
U.S. Attorney Damian WIlliams says the whereabouts of this massive amount of bitcoin was a mystery for almost 10 years.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>126africa_business_radio,bitcoin,cryptocurrency,newsfalsefullhttps://www.spreaker.com/episode/pick-n-pay-adding-instore-crypto-payment-option-after-successful-trials--51837699In this pilot, the retailer tested a payment service technology that enables customers to buy groceries with cryptocurrency at till points with any Bitcoin Lightning-enabled app, such as BlueWallet or Muun.
The retailer ran the pilot in 10 Western Cape stores with pre-selected testers over the past five months and has now extended the pilot to a further 29 stores for testing with customers, with the intention to roll it out to all stores in the coming months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51837699Wed, 09 Nov 2022 15:47:21 +0000Africa Business RadioSouth African retailer, Pick n Pay has announced that it has successfully completed the first phase of a new pilot that allows customers to pay for their purchases using cryptocurrency on their smartphones and will be rolling out the service to more...In this pilot, the retailer tested a payment service technology that enables customers to buy groceries with cryptocurrency at till points with any Bitcoin Lightning-enabled app, such as BlueWallet or Muun.
The retailer ran the pilot in 10 Western Cape stores with pre-selected testers over the past five months and has now extended the pilot to a further 29 stores for testing with customers, with the intention to roll it out to all stores in the coming months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90africa_business_radio,crypto_currency,news,pick_n_pay,south_africafalsefullhttps://www.spreaker.com/episode/shoprite-group-invests-in-south-african-data-startup-omnisient--51837706Chief of Strategy & Innovation at ShopriteX, Shoprite Group’s data and customer technology unit, Neil Schreuder, says the decision to invest in Omnisient is the result of a considered effort to invest, partner, and collaborate with start-ups as we continue to create a smarter Shoprite, while remaining resolute in our commitment to being Africa’s most accessible and affordable retailer.
Omnisient, CEO and co-founder Jon Jacobson says this round of investment will be used to support our continued geographic expansion, as well as the ongoing development of our platform into the world’s leading source of consumer intelligence that fully complies with global consumer privacy regulations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51837706Wed, 09 Nov 2022 15:42:43 +0000Africa Business RadioSouth African retailer, Shoprite Group has joined a group of investors, led by Buffet Investments and KLT, in an undisclosed expansion round in Omnisient, Africa’s first privacy-preserving data collaboration platform provider. Chief of Strategy &...Chief of Strategy & Innovation at ShopriteX, Shoprite Group’s data and customer technology unit, Neil Schreuder, says the decision to invest in Omnisient is the result of a considered effort to invest, partner, and collaborate with start-ups as we continue to create a smarter Shoprite, while remaining resolute in our commitment to being Africa’s most accessible and affordable retailer.
Omnisient, CEO and co-founder Jon Jacobson says this round of investment will be used to support our continued geographic expansion, as well as the ongoing development of our platform into the world’s leading source of consumer intelligence that fully complies with global consumer privacy regulations.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,investment,news,omnisient,shopritefalsefullhttps://www.spreaker.com/episode/satgana-closes-30-million-fund-to-support-african-climate-tech-startups--51837701The VC will leverage the network of its team and some of its investors to help founders with direct operational and strategic support.
Satgana will concentrate on food, agriculture, energy, mobility, industry, buildings, carbon removal, and the circular economy as it works to decarbonize all areas of the economy.
The fund has invested in 3 climate tech startups: Orbio Earth, a German startup building methane intelligence software to help energy providers monitor and reduce methane emissions with the use of satellites; Mazi Mobility, a Kenyan startup building a network of electric motorbikes and battery-swapping infrastructure in East Africa; and Yeasty, a French startup building an alternative protein leveraging beer yeast with a circular model.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51837701Wed, 09 Nov 2022 15:37:42 +0000Africa Business RadioSatgana has closed a €30 million fund to fund startups that tackle climate change problems in Africa. The fund will do so by investing up to €500K in the pre-seed and seed stages of startups across Europe and Africa. The VC will leverage the network...The VC will leverage the network of its team and some of its investors to help founders with direct operational and strategic support.
Satgana will concentrate on food, agriculture, energy, mobility, industry, buildings, carbon removal, and the circular economy as it works to decarbonize all areas of the economy.
The fund has invested in 3 climate tech startups: Orbio Earth, a German startup building methane intelligence software to help energy providers monitor and reduce methane emissions with the use of satellites; Mazi Mobility, a Kenyan startup building a network of electric motorbikes and battery-swapping infrastructure in East Africa; and Yeasty, a French startup building an alternative protein leveraging beer yeast with a circular model.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>122africa,africa_business_radio,climate_change,satgana,tech_start_upfalsefullhttps://www.spreaker.com/episode/yassir-raises-150m-series-b-to-ramp-up-africa-and-global-expansion--51837702The investment was led by BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures, and Y Combinator, among other prominent strategic global investors.
The company confirmed that it is now the most valuable startup in the region, although it did not disclose its valuation.
It also claims to be one of the highest-valued companies in Africa and the Middle East. Yassir plans to further deepen its footprint in the northern African region and the rest of the world.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51837702Wed, 09 Nov 2022 15:34:53 +0000Africa Business RadioYassir, a San Francisco-based Algerian super-app offering on-demand services and financial services, has closed a $150 million Series B funding to power its expansion across Africa and the rest of the world. The investment was led by BOND, with...The investment was led by BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures, and Y Combinator, among other prominent strategic global investors.
The company confirmed that it is now the most valuable startup in the region, although it did not disclose its valuation.
It also claims to be one of the highest-valued companies in Africa and the Middle East. Yassir plans to further deepen its footprint in the northern African region and the rest of the world.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa,africa_business_radio,algeria,financial_service,news,yassirfalsefullhttps://www.spreaker.com/episode/jumia-changes-board-and-ceos-step-down-as-it-renews-focus-on-profitability--51837704Francis Dufay has been appointed as acting CEO by the supervisory board while the search for a permanent CEO continues.
The supervisory board has also promoted Antoine Maillet-Mezeray who was previously Jumia’s group CFO, to executive vice president of finance & operations.
These two changes are only the first out of many other senior management changes that the company will be making over the next few months.
The company says it will provide additional information on this announcement and business priorities on its Q3 earnings call scheduled for November 17, 2022.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51837704Wed, 09 Nov 2022 15:31:55 +0000Africa Business RadioJumia, the African eCommerce giant, has announced a few changes in its management with the appointment of a new management board and the departure of co-founders Jeremy Hodara and Sacha Poignonnec as co-CEOs. Francis Dufay has been appointed as...Francis Dufay has been appointed as acting CEO by the supervisory board while the search for a permanent CEO continues.
The supervisory board has also promoted Antoine Maillet-Mezeray who was previously Jumia’s group CFO, to executive vice president of finance & operations.
These two changes are only the first out of many other senior management changes that the company will be making over the next few months.
The company says it will provide additional information on this announcement and business priorities on its Q3 earnings call scheduled for November 17, 2022.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa_business_radio,jumia,news,profitabilityfalsefullhttps://www.spreaker.com/episode/amazon-web-services-picks-lagos-for-its-second-african-office--51837705The Lagos office is AWS’s latest investment in Africa as it’ll house teams of AWS account managers, partner managers, solutions architects, and other roles that support Nigerian customers.
Amrote Abdella, regional manager of Sub -Saharan Africa at AWS says Lagos offers a highly skilled and creative talent pool, and the area is home to many fast-growing startups and notable Nigerian enterprises leading the way in digital innovation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51837705Wed, 09 Nov 2022 15:30:02 +0000Africa Business RadioAmazon Web Services announced the opening of its first office in Lagos, Nigeria. The opening of the Lagos office comes five years after its first office in Johannesburg was opened in 2017. The Lagos office is AWS’s latest investment in Africa as...The Lagos office is AWS’s latest investment in Africa as it’ll house teams of AWS account managers, partner managers, solutions architects, and other roles that support Nigerian customers.
Amrote Abdella, regional manager of Sub -Saharan Africa at AWS says Lagos offers a highly skilled and creative talent pool, and the area is home to many fast-growing startups and notable Nigerian enterprises leading the way in digital innovation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,amazon_web,lagos,newsfalsefullhttps://www.spreaker.com/episode/netflix-acquires-seattle-based-cozy-games-developer-spry-fox--51763766The financial terms of the deal were not disclosed. Spry Fox is now Netflix’s sixth in-house games studio.
Amir Rahimi, the vice president of game studios at Netflix, says that the acquisition will help Netflix accelerate its creative development in another popular genre.
Rahimi says their games journey has only just begun, but they are proud of the foundational work done to build out their in-house creative capacity so that they can deliver the experience of the best possible game including no ads and no in-app purchases to members as part of their membership.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51763766Wed, 02 Nov 2022 13:01:07 +0000Africa Business RadioNetflix has acquired Spry Fox, a Seattle-based independent gaming studio focused on cozy games. The financial terms of the deal were not disclosed. Spry Fox is now Netflix’s sixth in-house games studio. Amir Rahimi, the vice president of game...The financial terms of the deal were not disclosed. Spry Fox is now Netflix’s sixth in-house games studio.
Amir Rahimi, the vice president of game studios at Netflix, says that the acquisition will help Netflix accelerate its creative development in another popular genre.
Rahimi says their games journey has only just begun, but they are proud of the foundational work done to build out their in-house creative capacity so that they can deliver the experience of the best possible game including no ads and no in-app purchases to members as part of their membership.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa_business_radio,game_developer,netflix,spry_fox,tech_newsfalsefullhttps://www.spreaker.com/episode/elon-musk-says-twitter-will-comply-with-bloc-s-illegal-speech-rules--51763765A move that will, self-evidently, demand a beefed-up legal, trust, and safety function inside Twitter if Musk is to actually deliver compliance with the EU’s Digital Services Act at a time when Musk is sharpening the knives to cut headcount.
The comprehensive EU framework for regulating information society services and intermediary services across the bloc spans 93 articles and 156 recitals and is due to start applying as soon as next year for larger platforms.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51763765Wed, 02 Nov 2022 12:59:22 +0000Africa Business RadioTwitter’s new CEO reached out to the European Union last week to assure local lawmakers that the platform will comply with an incoming flagship reboot of the bloc’s rules on digital governance around illegal content. A move that will, self-evidently,...A move that will, self-evidently, demand a beefed-up legal, trust, and safety function inside Twitter if Musk is to actually deliver compliance with the EU’s Digital Services Act at a time when Musk is sharpening the knives to cut headcount.
The comprehensive EU framework for regulating information society services and intermediary services across the bloc spans 93 articles and 156 recitals and is due to start applying as soon as next year for larger platforms.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>102africa_business_radio,elon_musk,european_union,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/indonesia-weighs-blockchain-powered-carbon-trading-scheme--51763767The intended collaboration centers around IDX’s emission trading scheme that is slated to launch in 2025, and MVGX’s job is to help IDX build a carbon registry and exchange with blockchain as the infrastructure layer.
Bo Bai, executive chairman and co-founder of MVGX, says using blockchain in carbon trading solves what’s called the double-counting problem where two entities or an entity and a country lay claim to the same climate action.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51763767Wed, 02 Nov 2022 12:57:43 +0000Africa Business RadioThe Indonesia Stock Exchange has signed a memorandum of understanding with Metaverse Green Exchange, a Singaporean startup that specializes in digital exchange technology. The intended collaboration centers around IDX’s emission trading scheme that...The intended collaboration centers around IDX’s emission trading scheme that is slated to launch in 2025, and MVGX’s job is to help IDX build a carbon registry and exchange with blockchain as the infrastructure layer.
Bo Bai, executive chairman and co-founder of MVGX, says using blockchain in carbon trading solves what’s called the double-counting problem where two entities or an entity and a country lay claim to the same climate action.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,indoneias_stock_exchange,singapore,tech_newsfalsefullhttps://www.spreaker.com/episode/google-pauses-enforcement-of-play-store-billing-requirement-in-india-following-antitrust-order--51763768The Android maker updated a support page to disclose the move and said that the requirement to use Google Play’s billing system still applies for in-app purchases outside of India.
The Competition Commission of India fined the company $113 million for abusing the dominant position of its Play Store in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51763768Wed, 02 Nov 2022 12:56:19 +0000Africa Business RadioGoogle is indefinitely pausing the enforcement of its policy requiring developers to use Play Store’s billing system for user transactions in India following an order by the country’s antitrust body. The Android maker updated a support page to...The Android maker updated a support page to disclose the move and said that the requirement to use Google Play’s billing system still applies for in-app purchases outside of India.
The Competition Commission of India fined the company $113 million for abusing the dominant position of its Play Store in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>65africa_business_radio,google,india,tech_newsfalsefullhttps://www.spreaker.com/episode/crypto-platform-luno-and-rugby-team-vodacom-bulls-signs-sponsorship-deal--51763769The deal will see Bulls players receive performance incentives in crypto.
Christo de Wit, Luno’s country manager for South Africa says Luno is focused on empowering people by building a new financial system that is more suited to the digital age.
Vodacom Bulls says like rugby, crypto can be unpredictable and volatile at times, but it is important to zoom out, stick to your game plan and think long-term.
CEO, Edgar Rathbone says the Luno partnership aligns with the team’s ambition to be the leading digital-savvy brand in South African rugby.
The crypto ownership rate in South Africa is 10%, lower than the global average of 15%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51763769Wed, 02 Nov 2022 12:54:47 +0000Africa Business RadioPretoria-based rugby franchise, Vodacom Bulls, has announced a three-year sponsorship deal with cryptocurrency investment platform Luno. The deal will see Bulls players receive performance incentives in crypto. Christo de Wit, Luno’s country manager...The deal will see Bulls players receive performance incentives in crypto.
Christo de Wit, Luno’s country manager for South Africa says Luno is focused on empowering people by building a new financial system that is more suited to the digital age.
Vodacom Bulls says like rugby, crypto can be unpredictable and volatile at times, but it is important to zoom out, stick to your game plan and think long-term.
CEO, Edgar Rathbone says the Luno partnership aligns with the team’s ambition to be the leading digital-savvy brand in South African rugby.
The crypto ownership rate in South Africa is 10%, lower than the global average of 15%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>115africa_business_radio,crypto_currency,luno,south_africa,tech_news,vodacom_bullsfalsefullhttps://www.spreaker.com/episode/kenyan-uber-and-bolt-drivers-protest-slow-implementation-of-new-ride-hailing-law--51763770The drivers are accusing the country’s transport regulator, the National Transport and Safety Authority of deliberately slowing down the implementation process of the regulation since it was gazetted in June.
Rhayn Kanyandong, chairman of The Digital Partners Society (DPS), a coalition of ride-hailing drivers, blamed the NTSA for failing to implement the regulation for over 90 days since it was enacted.
Uber holds the view that this regulation will derail growth and discourage investments in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51763770Wed, 02 Nov 2022 12:52:37 +0000Africa Business RadioBolt and Uber drivers in Kenya are protesting the slow implementation of Digital Taxi Hailing Regulation, a new ride-hailing law in the country. The drivers are accusing the country’s transport regulator, the National Transport and Safety Authority...The drivers are accusing the country’s transport regulator, the National Transport and Safety Authority of deliberately slowing down the implementation process of the regulation since it was gazetted in June.
Rhayn Kanyandong, chairman of The Digital Partners Society (DPS), a coalition of ride-hailing drivers, blamed the NTSA for failing to implement the regulation for over 90 days since it was enacted.
Uber holds the view that this regulation will derail growth and discourage investments in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa_business_radio,bolt,kenya,tech_news,uberfalsefullhttps://www.spreaker.com/episode/nigerian-advertising-regulator-sues-meta-for-30-billion-over-loss-of-revenue-and-violation-of-laws--51763771ARCON is seeking ₦30 billion in sanctions for the violation of the advertising laws and for loss of revenue as a result of Meta’s continued exposure of unapproved adverts on its platforms.
ARCON shared that Meta’s continued exposure to unvetted adverts had also led to a loss of revenue to the Federal Government.
ARCON also shared that it’s not regulating the online media space but advertising and marketing communications on online platforms in line with its establishment Act.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51763771Wed, 02 Nov 2022 12:45:29 +0000Africa Business RadioThe Advertising Regulatory Council of Nigeria has sued Meta, the parent company of Facebook, Instagram, and WhatsApp, alongside its Nigerian public relations agency AT3 Resources at the Federal High court, Abuja Judicial Division. ARCON is seeking...ARCON is seeking ₦30 billion in sanctions for the violation of the advertising laws and for loss of revenue as a result of Meta’s continued exposure of unapproved adverts on its platforms.
ARCON shared that Meta’s continued exposure to unvetted adverts had also led to a loss of revenue to the Federal Government.
ARCON also shared that it’s not regulating the online media space but advertising and marketing communications on online platforms in line with its establishment Act.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>95advertising_laws,africa_business_radio,avertising_body,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-government-to-launch-re-designed-naira-notes-by-december-2022--51763772The CBN governor says the redesign will impact the ₦200, ₦500, and ₦1000 notes, with the redesigned notes expected to be in circulation by December 15, 2022, while the current Naira notes will no longer serve as legal tender from January 31, 2023.
Emefiele says the Management of the CBN sought and obtained the approval of President Muhammadu Buhari to redesign, produce, and circulate new series of banknotes at ₦100, ₦200, ₦500, and ₦1000 levels.
The purpose of this exercise according to Emefiele is to reduce the inordinate amount of cash outside the control of banks and currency counterfeiting.
Emefiele noted that individuals with cash at hand can begin depositing their monies into their bank accounts from October 27, 2022, at no cost ahead of the disbursement of the new notes giving them 100 days to swap old notes for the redesigned notes.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51763772Wed, 02 Nov 2022 12:36:59 +0000Africa Business RadioNigerian Central Bank governor Godwin Emefiele shared that the apex bank would redesign the country’s currency. The CBN governor says the redesign will impact the ₦200, ₦500, and ₦1000 notes, with the redesigned notes expected to be in circulation by...The CBN governor says the redesign will impact the ₦200, ₦500, and ₦1000 notes, with the redesigned notes expected to be in circulation by December 15, 2022, while the current Naira notes will no longer serve as legal tender from January 31, 2023.
Emefiele says the Management of the CBN sought and obtained the approval of President Muhammadu Buhari to redesign, produce, and circulate new series of banknotes at ₦100, ₦200, ₦500, and ₦1000 levels.
The purpose of this exercise according to Emefiele is to reduce the inordinate amount of cash outside the control of banks and currency counterfeiting.
Emefiele noted that individuals with cash at hand can begin depositing their monies into their bank accounts from October 27, 2022, at no cost ahead of the disbursement of the new notes giving them 100 days to swap old notes for the redesigned notes.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>126africa_business_radio,naira_note,news,nigeriafalsefullhttps://www.spreaker.com/episode/china-s-xpeng-to-launch-a-robotaxi-network--51692529The company says it would come equipped with XPeng’s new advanced driver assist system, the XNGP, which combines XPeng’s Highway Navigated Guided Pilot and City NGP to automate certain driving functions in both highway and urban driving scenarios.
XPeng says the XNGP is good enough to lay the groundwork for a robotaxi network, and the G9 can help that network scale.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51692529Wed, 26 Oct 2022 11:52:09 +0000Africa Business RadioChinese luxury EV startup XPeng is moving forward with its plans to launch a robotaxi business. The company’s latest G9 SUV became China’s first mass-produced commercial vehicle to pass a government-led autonomous driving closed-field test. The...The company says it would come equipped with XPeng’s new advanced driver assist system, the XNGP, which combines XPeng’s Highway Navigated Guided Pilot and City NGP to automate certain driving functions in both highway and urban driving scenarios.
XPeng says the XNGP is good enough to lay the groundwork for a robotaxi network, and the G9 can help that network scale.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>77africa_business_radio,autonomous,china,robotaxi,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-lawmakers-passes-startup-bill--51692534Nigeria has made regulatory changes that have stopped some startups in their tracks– like this 2020 state regulation that banned bike-hailing startups in Lagos, Nigeria’s most populous city.
With the Nigeria Startup Bill—now the Nigeria Startup Act—the gap between startups and regulators will be bridged.
The Act will make tax break provisions for new startups. It will also provide tax incentives for foreign service providers. It also delineates requirements for registration and licensing or labeling of startups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51692534Wed, 26 Oct 2022 11:49:48 +0000Africa Business RadioNigeria’s minister for communications and digital economy, Isa Pantami, announced that the Nigeria Startup Bill had been signed into law. Nigeria has made regulatory changes that have stopped some startups in their tracks– like this 2020 state...Nigeria has made regulatory changes that have stopped some startups in their tracks– like this 2020 state regulation that banned bike-hailing startups in Lagos, Nigeria’s most populous city.
With the Nigeria Startup Bill—now the Nigeria Startup Act—the gap between startups and regulators will be bridged.
The Act will make tax break provisions for new startups. It will also provide tax incentives for foreign service providers. It also delineates requirements for registration and licensing or labeling of startups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>77africa_business_radio,nigeria,startup_bill,tech_newsfalsefullhttps://www.spreaker.com/episode/crypto-assets-considered-financial-products-in-south-africa--51692533The FSCA’s head of regulatory frameworks, Eugene Du Toit, clarified that the move does not mean that cryptocurrencies are now legal tender in the country.
He says they are however not legitimising crypto assets also not giving credence to crypto assets.
The head of the FSCA, Unathi Kamlana, says the declaration will enable authorities to tackle crypto scams and protect customers, having previously had no power to do so.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51692533Wed, 26 Oct 2022 11:48:13 +0000Africa Business RadioSouth Africa’s Financial Sector Conduct Authority through the Financial Advisory and Intermediary Services Act, has declared that cryptocurrency assets are classified as financial products, allowing them to be regulated. The FSCA’s head of regulatory...The FSCA’s head of regulatory frameworks, Eugene Du Toit, clarified that the move does not mean that cryptocurrencies are now legal tender in the country.
He says they are however not legitimising crypto assets also not giving credence to crypto assets.
The head of the FSCA, Unathi Kamlana, says the declaration will enable authorities to tackle crypto scams and protect customers, having previously had no power to do so.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,crypto_assets,financial_product,news,south_africafalsefullhttps://www.spreaker.com/episode/moneyhash-expands-operations-into-sub-saharan-africa--51692531MoneyHash has pre-built integrations with prominent payment service providers that cover over 90 payment method integrations in the region.
Nader Abdelrazik, MoneyHash’s CEO and co-founder, Abdelrazik says that MoneyHash wants to establish itself as a leading provider of payment solutions.
Abdelrazik added that MoneyHash wants to have the same impact Amazon Web Services had with cloud services in the payment sector.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51692531Wed, 26 Oct 2022 11:46:21 +0000Africa Business RadioLarge organizations that operate in Africa often have issues with payment collection due to the varying currencies on the continent, differing government policies, and fragmented payment systems. MoneyHash has pre-built integrations with prominent...MoneyHash has pre-built integrations with prominent payment service providers that cover over 90 payment method integrations in the region.
Nader Abdelrazik, MoneyHash’s CEO and co-founder, Abdelrazik says that MoneyHash wants to establish itself as a leading provider of payment solutions.
Abdelrazik added that MoneyHash wants to have the same impact Amazon Web Services had with cloud services in the payment sector.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,moneyhash,payment_solution,tech_newsfalsefullhttps://www.spreaker.com/episode/mtn-to-invest-n65m-in-nigerian-startups-via-grants--51692532This investment idea was necessitated because 'side hustles' amongst Nigerian youths have become prevalent compared to previous generations.
Chief marketing officer, of MTN Nigeria, Adia Sowho, says the 'hustle spirit' amongst Nigeria's young people is truly inspiring as they are innovative and entrepreneurial. MTN is here to support that 'hustle' so that their dreams can become reality.
Sowho says the shortlisted 100 candidates of this initiative will gain access to virtual training on Business Management, Digital Marketing, Financial Literacy, Investment Strategies, Business Legal Requirements, and Elevator Pitches amongst others; and tasks will be assigned after each class.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51692532Wed, 26 Oct 2022 11:44:50 +0000Africa Business RadioMTN is set to invest in Nigerian-owned businesses through a campaign - 'MTN Pulse BlowMyHustle', aimed at empowering Nigerian youths involved in scalable businesses. This investment idea was necessitated because 'side hustles' amongst Nigerian youths...This investment idea was necessitated because 'side hustles' amongst Nigerian youths have become prevalent compared to previous generations.
Chief marketing officer, of MTN Nigeria, Adia Sowho, says the 'hustle spirit' amongst Nigeria's young people is truly inspiring as they are innovative and entrepreneurial. MTN is here to support that 'hustle' so that their dreams can become reality.
Sowho says the shortlisted 100 candidates of this initiative will gain access to virtual training on Business Management, Digital Marketing, Financial Literacy, Investment Strategies, Business Legal Requirements, and Elevator Pitches amongst others; and tasks will be assigned after each class.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>105africa_business_radio,business,mtn,tech_newsfalsefullhttps://www.spreaker.com/episode/google-partners-local-community-to-restore-and-preserve-a-historical-site-in-osun-state--51692530The launch also marks the digital preservation of one of Nigeria’s last remaining sacred groves, being part of Google Arts and Culture’s wider Heritage on the Edge project. The project supports site managers in digitally documenting heritage sites at risk due to climate change, using the imagery captured to support community maintenance and conservation further.
The highlights of the Osun Osogbo Sacred Grove project which can be explored online include a Street View of the Osun Osogbo Sacred Grove, including the Busanyin Shrine before it was affected by the flood and 3D models of four of the site’s dynamic shrines.
Nigeria’s minister of information and culture, Lai Mohammed, expressed his delight and gratitude that the Grove has been brought online.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51692530Wed, 26 Oct 2022 11:42:46 +0000Africa Business RadioGoogle Arts & Culture in partnership with The Adunni Olorisha Trust and CyArk announced the launch of the first and largest digital library of content showcasing the Osun Osogbo Sacred Grove. The launch also marks the digital preservation of one of...The launch also marks the digital preservation of one of Nigeria’s last remaining sacred groves, being part of Google Arts and Culture’s wider Heritage on the Edge project. The project supports site managers in digitally documenting heritage sites at risk due to climate change, using the imagery captured to support community maintenance and conservation further.
The highlights of the Osun Osogbo Sacred Grove project which can be explored online include a Street View of the Osun Osogbo Sacred Grove, including the Busanyin Shrine before it was affected by the flood and 3D models of four of the site’s dynamic shrines.
Nigeria’s minister of information and culture, Lai Mohammed, expressed his delight and gratitude that the Grove has been brought online.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,digital_library,goggle,news,osun_osogbo_groovefalsefullhttps://www.spreaker.com/episode/google-partners-with-coinbase-to-accept-crypto-payments--51622076The partnership, which was announced at Google’s Cloud Next conference, will also see Coinbase move its data-related applications to Google from Amazon Web Services.
Jim Migdal, Coinbase’s vice president of business development, says that Coinbase will earn a percentage of transactions that go through it, as it does in other Coinbase Commerce arrangements.
The Coinbase Commerce service currently supports 10 cryptocurrencies: bitcoin, bitcoin cash, ether, USD coin, tether USD, ApeCoin, bitcoin cash, DAI, Shiba Inu, and BCH. It will be integrated into the Google Cloud Platform infrastructure service in 2023.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51622076Wed, 19 Oct 2022 15:37:56 +0000Africa Business RadioGoogle has teamed up with Coinbase to facilitate payment with cryptocurrencies for its cloud services. The partnership, which was announced at Google’s Cloud Next conference, will also see Coinbase move its data-related applications to Google from...The partnership, which was announced at Google’s Cloud Next conference, will also see Coinbase move its data-related applications to Google from Amazon Web Services.
Jim Migdal, Coinbase’s vice president of business development, says that Coinbase will earn a percentage of transactions that go through it, as it does in other Coinbase Commerce arrangements.
The Coinbase Commerce service currently supports 10 cryptocurrencies: bitcoin, bitcoin cash, ether, USD coin, tether USD, ApeCoin, bitcoin cash, DAI, Shiba Inu, and BCH. It will be integrated into the Google Cloud Platform infrastructure service in 2023.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,coin_base,crypto_payment,goggle,tech_newsfalsefullhttps://www.spreaker.com/episode/botswana-takes-the-biggest-leap-in-africa-in-the-2022-global-innovation-index--51622070Botswana is now the continent’s fifth most innovative country and ranked among sixteen African countries that improved their global innovation positions, fuelled by the COVID-19 pandemic.
These three are among a list of eight African countries leading the world in delivering higher-than-expected innovation. Other economies on this list are Madagascar, Burundi, Zimbabwe, Morocco and South Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51622070Wed, 19 Oct 2022 15:36:18 +0000Africa Business RadioBotswana has edged out Kenya in the list of top global innovators as more African countries punch above their weight to come up with ideas and technologies that increase productivity and output. Botswana is now the continent’s fifth most innovative...Botswana is now the continent’s fifth most innovative country and ranked among sixteen African countries that improved their global innovation positions, fuelled by the COVID-19 pandemic.
These three are among a list of eight African countries leading the world in delivering higher-than-expected innovation. Other economies on this list are Madagascar, Burundi, Zimbabwe, Morocco and South Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa,africa_business_radio,botswana,global_innovator,tech_newsfalsefullhttps://www.spreaker.com/episode/airtel-zambia-invest-29-million-for-spectrum-to-accelerate-5g-rollout--51622069Airtel Zambia says the additional spectrum will support the expansion of the telco’s capability in providing mobile data and fixed wireless home broadband services, and help accelerate the 5G rollout.
ZICTA further clarified that the spectrum in the 26 GHz band will be open for assignment on a first-come, first-served basis in the fourth quarter of 2022.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51622069Wed, 19 Oct 2022 15:34:28 +0000Africa Business RadioAirtel Zambia has announced that it has purchased 60MHz of additional spectrum spread across the 800MHz and 2600MHz bands from the Zambia Information and Communications Technology Authority for a gross consideration of $29 million, payable in Zambian...Airtel Zambia says the additional spectrum will support the expansion of the telco’s capability in providing mobile data and fixed wireless home broadband services, and help accelerate the 5G rollout.
ZICTA further clarified that the spectrum in the 26 GHz band will be open for assignment on a first-come, first-served basis in the fourth quarter of 2022.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>845g_spectrum,africa_business_radio,airtel,zambiafalsefullhttps://www.spreaker.com/episode/namibia-plans-to-get-a-central-bank-digital-currency--51622075!Gawaxab stated that a public consultation paper on central bank digital currencies would be published soon to further demonstrate the Bank’s commitment to continued cooperation and dialogue with the industry and private sector innovators and the fintech community and other stakeholders in transforming the financial sector for the prosperity of all Namibians.
The bank stated that Initial Coin Offerings pose high risks and possibilities of fraud, manipulation, and misrepresentation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51622075Wed, 19 Oct 2022 15:32:49 +0000Africa Business RadioBank of Namibia governor Johannes !Gawaxab stated that the central bank’s strategic direction and the rapid digitisation of the financial system have prompted it to think critically about a potential Namibia Dollar CBDC in the digital payment...!Gawaxab stated that a public consultation paper on central bank digital currencies would be published soon to further demonstrate the Bank’s commitment to continued cooperation and dialogue with the industry and private sector innovators and the fintech community and other stakeholders in transforming the financial sector for the prosperity of all Namibians.
The bank stated that Initial Coin Offerings pose high risks and possibilities of fraud, manipulation, and misrepresentation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>100africa_business_radio,coin_offering,digital_payment,tech_newsfalsefullhttps://www.spreaker.com/episode/nala-enables-apple-pay-payments-from-the-uk-and-us-into-africa--51622067This newest integration with world payment service, Apple Pay, reaffirms NALA’s ambition to enable seamless and lightning-fast payments to Africa.
NALA’s integration with Apple Pay comes seven months after the African fintech launched operations in the US with an event held in New York, attended by six members of the Tanzanian parliament.
Benjamin Fernandes, NALA’s founder and CEO, says that NALA’s moves are geared towards connecting Africa with global payment options while building a rich financial infrastructure for Africans.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51622067Wed, 19 Oct 2022 15:30:40 +0000Africa Business RadioNALA, a Tanzanian-born fintech startup with a growing dominance in East Africa, made a pioneering move in Africa’s fintech space by enabling its African diaspora users to make local payments directly. This newest integration with world payment...This newest integration with world payment service, Apple Pay, reaffirms NALA’s ambition to enable seamless and lightning-fast payments to Africa.
NALA’s integration with Apple Pay comes seven months after the African fintech launched operations in the US with an event held in New York, attended by six members of the Tanzanian parliament.
Benjamin Fernandes, NALA’s founder and CEO, says that NALA’s moves are geared towards connecting Africa with global payment options while building a rich financial infrastructure for Africans.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa,africa_business_radio,fintech,nala,tanzania,tech_newsfalsefullhttps://www.spreaker.com/episode/lagos-state-government-to-launch-a-venture-capital-fund--51622068Olatunbosun says the fund would be cross-sectoral including fintech, agriculture, health, and most importantly, research and development startups.
Alake didn’t reveal the size of the funds and the actual ticket sizes, but he mentioned that it would be launched a few weeks from now and the state is already in conversations with some local and foreign investors that would join as limited partners

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51622068Wed, 19 Oct 2022 15:28:30 +0000Africa Business RadioThe special advisor to the Lagos state governor on innovation and technology, Olatunbosun Alake, says that the government is planning to launch its own venture capital fund that would write bigger equity cheques for Nigerian startups than most...Olatunbosun says the fund would be cross-sectoral including fintech, agriculture, health, and most importantly, research and development startups.
Alake didn’t reveal the size of the funds and the actual ticket sizes, but he mentioned that it would be launched a few weeks from now and the state is already in conversations with some local and foreign investors that would join as limited partners

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,nigeria,tech_news,venture_capital_fundfalsefullhttps://www.spreaker.com/episode/harare-institute-of-technology-developing-zimbabwe-s-central-bank-digital-currency--51564073The tertiary institution stated that it was developing the currency to reduce printing and transactional costs, and eliminate currency manipulation, cash hoarding, and black market currency trading.
HIT vice-chancellor, Dr Quinton Kanhukamwe, did not touch on why but he stated that the project had so far covered great mileage.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51564073Thu, 13 Oct 2022 14:12:40 +0000Africa Business RadioThe Harare Institute of Technology has announced that it is working on developing a central bank digital currency. The tertiary institution stated that it was developing the currency to reduce printing and transactional costs, and eliminate currency...The tertiary institution stated that it was developing the currency to reduce printing and transactional costs, and eliminate currency manipulation, cash hoarding, and black market currency trading.
HIT vice-chancellor, Dr Quinton Kanhukamwe, did not touch on why but he stated that the project had so far covered great mileage.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>64africa_business_radio,digital_currency,harare,tech_news,zimbabwefalsefullhttps://www.spreaker.com/episode/nigerian-data-and-intelligence-company-stears-raises-3-3-million-to-solve-africa-s-data-problem--51564074The startup’s flagship product is Stears Insights, formerly known as Stears Business, a site that offers in-depth insight for finance professionals, using data. By crunching proprietary and publicly available data, Stears Insights is able to provide valuable insights for its individual and corporate clients.
Stears’ CEO Preston Ideh says that they know global professionals need their data and insight because banks, research firms, development organisations and investors are already using their early products.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51564074Thu, 13 Oct 2022 14:11:26 +0000Africa Business RadioNigerian data and intelligence company, Stears has raised $3.3 million to enhance its data collection and analytics capabilities, acquire talent and expand into East and Southern Africa. This seed round was led by MaC Venture Capital. It also saw...The startup’s flagship product is Stears Insights, formerly known as Stears Business, a site that offers in-depth insight for finance professionals, using data. By crunching proprietary and publicly available data, Stears Insights is able to provide valuable insights for its individual and corporate clients.
Stears’ CEO Preston Ideh says that they know global professionals need their data and insight because banks, research firms, development organisations and investors are already using their early products.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,data_collection,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/safaricom-ethiopia-secures-mobile-money-license--51564075Safaricom Ethiopia’s launch follows a ten-city pilot and a phased launch across the country, which started in August 2022 in the city of Dire Dawa, 350km east of Addis Ababa, the Ethiopian capital. Until now, state-owned Ethio Telecom operated as a monopoly with 54 million subscribers in Ethiopia, Africa’s second most populous country with an estimated population of 118 million people.
Safaricom Ethiopiaso far the only competitor to state-owned Ethio Telecom—plans to roll out services in 14 additional cities between now and April 2023 to cover 25 cities and enable it to meet the 25% population coverage obligation in its licence.
Safaricom will likely build its offering on superior service—which means significant and rapid building out of its network coverage.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51564075Thu, 13 Oct 2022 14:08:36 +0000Africa Business RadioKenya’s Safaricom officially launched its Ethiopian network becoming the first private operator in one of Africa’s largest telecoms markets Ethiopia’s governments welcomed M-Pesa. Safaricom Ethiopia’s launch follows a ten-city pilot and a phased...Safaricom Ethiopia’s launch follows a ten-city pilot and a phased launch across the country, which started in August 2022 in the city of Dire Dawa, 350km east of Addis Ababa, the Ethiopian capital. Until now, state-owned Ethio Telecom operated as a monopoly with 54 million subscribers in Ethiopia, Africa’s second most populous country with an estimated population of 118 million people.
Safaricom Ethiopiaso far the only competitor to state-owned Ethio Telecom—plans to roll out services in 14 additional cities between now and April 2023 to cover 25 cities and enable it to meet the 25% population coverage obligation in its licence.
Safaricom will likely build its offering on superior service—which means significant and rapid building out of its network coverage.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>102africa,africa_business_radio,ethiopia,kenya,safaricom,tech_newsfalsefullhttps://www.spreaker.com/episode/apple-and-google-to-soon-release-5g-support-software-updates-in-india--51564076Reliance Jio and Airtel, India’s two largest carriers, have started to offer 5G services in select Indian cities in recent weeks, but many popular handsets in the nation currently don’t support the local airwaves.
Apple says that it will issue a software update in December to enable 5G on iPhones used in India.
Apple says they are working with carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance are completed. 5G will be enabled via a software update and will start rolling out to iPhone users in December.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51564076Thu, 13 Oct 2022 14:07:51 +0000Africa Business RadioApple and Google say they will roll out software updates to enable 5G support on their respective handsets in India, the world’s second-largest wireless market, just days after local bureaucrats began pushing the phone makers to expedite their...Reliance Jio and Airtel, India’s two largest carriers, have started to offer 5G services in select Indian cities in recent weeks, but many popular handsets in the nation currently don’t support the local airwaves.
Apple says that it will issue a software update in December to enable 5G on iPhones used in India.
Apple says they are working with carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance are completed. 5G will be enabled via a software update and will start rolling out to iPhone users in December.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>885g,africa_business_radio,apple,google,india,tech_newsfalsefullhttps://www.spreaker.com/episode/airtel-telecommunications-part-ways-with-its-money-arm-to-becomes-separate-establishments--51564077The CBK licensed Airtel Money Kenya Limited as a payment service provider on January 21, 2022, and also granted a transition period to complete the transfer.
AMKL and ANKL are now separate subsidiaries of Airtel Africa Plc, which has operations in 14 African countries and is listed on the London Stock Exchange.
Airtel’s goal is to make its money arm lighter so as to accelerate its growth, strengthen its operations, and offer better services to its customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51564077Thu, 13 Oct 2022 14:06:33 +0000Africa Business RadioThe Central Bank of Kenya has announced the successful separation of the mobile money business from the telecommunications business, which was previously under Airtel Networks Kenya Limited. The CBK licensed Airtel Money Kenya Limited as a payment...The CBK licensed Airtel Money Kenya Limited as a payment service provider on January 21, 2022, and also granted a transition period to complete the transfer.
AMKL and ANKL are now separate subsidiaries of Airtel Africa Plc, which has operations in 14 African countries and is listed on the London Stock Exchange.
Airtel’s goal is to make its money arm lighter so as to accelerate its growth, strengthen its operations, and offer better services to its customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>75africa,africa_business_radio,airtel,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/federal-gig-worker-proposal-tanks-uber-lyft-and-doordash-stocks--51564079The federal agency says the prospective guidance is intended to “combat employee misclassification.
Uber’s share price dropped by more than 10% to $24.61, while Lyft’s tanked more than 12% to $11.22 and DoorDash’s fell more than 5% to $44.98 at the time of writing.
Uber, Lyft and DoorDash depend extensively upon gig workers, who haul people and meals around on their behalf but do not receive many hard-won benefits of employment such as employer contributions toward their Social Security and Medicare taxes.
Ride-hail and meal-delivery companies say that changing how gig workers are classified would threaten their businesses, yet these firms like Uber, Lyft and DoorDash have also posted hefty net losses under the status quo.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51564079Thu, 13 Oct 2022 14:04:14 +0000Africa Business RadioThe stock prices of Uber, Lyft and DoorDash slid after the Department of Labor announced proposed changes to how workers should be classified. The federal agency says the prospective guidance is intended to “combat employee misclassification....The federal agency says the prospective guidance is intended to “combat employee misclassification.
Uber’s share price dropped by more than 10% to $24.61, while Lyft’s tanked more than 12% to $11.22 and DoorDash’s fell more than 5% to $44.98 at the time of writing.
Uber, Lyft and DoorDash depend extensively upon gig workers, who haul people and meals around on their behalf but do not receive many hard-won benefits of employment such as employer contributions toward their Social Security and Medicare taxes.
Ride-hail and meal-delivery companies say that changing how gig workers are classified would threaten their businesses, yet these firms like Uber, Lyft and DoorDash have also posted hefty net losses under the status quo.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>95africa_business_radio,doordash,lyft,tech_news,uberfalsefullhttps://www.spreaker.com/episode/prosus-cancels-4-7-billion-acquisition-of-india-s-billdesk--51477862Amsterdam-listed Prosus says certain conditions precedent were not fulfilled by the 30 September 2022 long stop date, and the agreement has terminated automatically in accordance with its terms and, accordingly, the proposed transaction will not be implemented.
The investment arm of Naspers which has invested close to $6 billion in India, thanks to large bets on edtech Byju’s and food delivery startup Swiggy has lost more than half of its market cap since early last year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51477862Fri, 07 Oct 2022 07:27:56 +0000Africa Business RadioProsus has scrapped the $4.7 billion acquisition of BillDesk it announced last year, once stated to be the European technology giant’s largest, saying certain conditions were unfulfilled in a surprising move a month after the proposed acquisition...Amsterdam-listed Prosus says certain conditions precedent were not fulfilled by the 30 September 2022 long stop date, and the agreement has terminated automatically in accordance with its terms and, accordingly, the proposed transaction will not be implemented.
The investment arm of Naspers which has invested close to $6 billion in India, thanks to large bets on edtech Byju’s and food delivery startup Swiggy has lost more than half of its market cap since early last year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91acquisition,africa_business_radio,billdesk,prosus,tech_newsfalsefullhttps://www.spreaker.com/episode/naver-to-acquire-fashion-marketplace-poshmark-for-1-2billion--51477855The deal values publicly traded Poshmark’s shares at $17.90 a 15% premium over today’s closing price and the companies expect it to close by Q1 2023, subject to approval by Poshmark stockholders and the satisfaction of certain other customary closing conditions.
Poshmark will become a standalone subsidiary of Naver led by CEO Manish Chandra and Poshmark’s current management team and continue to operate under its existing brand, Naver says, and maintain its staff, user base, and headquarters in Redwood City, California.
Naver plans to combine the service’s growing social shopping platform, where users buy and sell used apparel, with its technological prowess and existing communities, like the online forum Naver Café.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51477855Fri, 07 Oct 2022 07:26:10 +0000Africa Business RadioNaver, the South Korean search giant, announced it plans to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash. The deal values publicly traded Poshmark’s shares at $17.90 a 15% premium over today’s closing price and the...The deal values publicly traded Poshmark’s shares at $17.90 a 15% premium over today’s closing price and the companies expect it to close by Q1 2023, subject to approval by Poshmark stockholders and the satisfaction of certain other customary closing conditions.
Poshmark will become a standalone subsidiary of Naver led by CEO Manish Chandra and Poshmark’s current management team and continue to operate under its existing brand, Naver says, and maintain its staff, user base, and headquarters in Redwood City, California.
Naver plans to combine the service’s growing social shopping platform, where users buy and sell used apparel, with its technological prowess and existing communities, like the online forum Naver Café.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>106acquisition,africa_business_radio,naver,poshmark,tech_newsfalsefullhttps://www.spreaker.com/episode/uk-pauses-data-reform-bill-to-rethink-how-to-replace-digital-legislation--51477858The paused bill contained a package of amendments to the UK’s data protection regime, which remains based on a pan-European Union framework tweaking rules for personal data processing in areas like consent for online tracking.
The government would install what she framed as our own business- and consumer-friendly British data protection system.
This rebooted reform approach entails the government taking aim at bureaucratic EU red tape that Donelan claimed is responsible for current UK rules being a disproportionate burden for small businesses as a result of a “one-size-fits-all” approach in the GDPR.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51477858Fri, 07 Oct 2022 07:24:29 +0000Africa Business RadioThe UK government has confirmed another pause to draft digital legislation under new prime minister Liz Truss’ reshuffled cabinet saying the data reform bill it had introduced in recent months is on hold while ministers take another look. The paused...The paused bill contained a package of amendments to the UK’s data protection regime, which remains based on a pan-European Union framework tweaking rules for personal data processing in areas like consent for online tracking.
The government would install what she framed as our own business- and consumer-friendly British data protection system.
This rebooted reform approach entails the government taking aim at bureaucratic EU red tape that Donelan claimed is responsible for current UK rules being a disproportionate burden for small businesses as a result of a “one-size-fits-all” approach in the GDPR.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>107africa_business_radio,digital_legislation,reform_bill,tech_news,u.kfalsefullhttps://www.spreaker.com/episode/egyptian-venture-capital-firm-algebra-ventures-hits-first-close-of-second-fund-at-100m--51477860While Algebra Ventures predicted it would reach its first close in Q3 2021, the firm had to wait an entire year to achieve that. However, the lag afforded Algebra Ventures enough time to exceed what it initially earmarked for the fund. The firm disclosed in a statement that it has finalized a $100 million first close and expects to reach its final close by the end of Q1 2023.
They include names such as Halan, Brimore, Trella, elmenus, Khazna, Yodawy, Mozare3 and Shift EV.
The firm, whose general partners include Laila Hassan and Omar Khashaba, will also cut checks ranging from $500,000 to $2 million from this second fund.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51477860Fri, 07 Oct 2022 07:21:03 +0000Africa Business RadioVentures announced the launch of its $90 million second fund. It was the sequel to its first: a $54 million fund invested in 21 startups across Egypt and the Middle East. While Algebra Ventures predicted it would reach its first close in Q3 2021,...While Algebra Ventures predicted it would reach its first close in Q3 2021, the firm had to wait an entire year to achieve that. However, the lag afforded Algebra Ventures enough time to exceed what it initially earmarked for the fund. The firm disclosed in a statement that it has finalized a $100 million first close and expects to reach its final close by the end of Q1 2023.
They include names such as Halan, Brimore, Trella, elmenus, Khazna, Yodawy, Mozare3 and Shift EV.
The firm, whose general partners include Laila Hassan and Omar Khashaba, will also cut checks ranging from $500,000 to $2 million from this second fund.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>113africa_business_radio,egypt,seed_funding,tech_newsfalsefullhttps://www.spreaker.com/episode/meta-settles-lawsuit-against-businesses-scraping-facebook-and-instagram-data--51477863The companies named in the suit, Israeli-based BrandTotal Ltd. and Delaware-incorporated Unimania Inc., agreed to a permanent injunction banning them from scraping Facebook and Instagram data going forward or profiting from the data they collected.
BrandTotal’s website says its company had offered a real-time competitive intelligence platform designed to give media, insights and analytics teams visibility into their competition’s social media strategy and paid campaigns.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51477863Fri, 07 Oct 2022 07:17:34 +0000Africa Business RadioFacebook parent Meta has settled a lawsuit in the U.S. against two companies that had engaged in data scraping operations, which had seen them gathering data from Facebook and Instagram users for marketing intelligence purposes. The companies named...The companies named in the suit, Israeli-based BrandTotal Ltd. and Delaware-incorporated Unimania Inc., agreed to a permanent injunction banning them from scraping Facebook and Instagram data going forward or profiting from the data they collected.
BrandTotal’s website says its company had offered a real-time competitive intelligence platform designed to give media, insights and analytics teams visibility into their competition’s social media strategy and paid campaigns.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,data_scrapping,facebook,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/paymob-and-tabby-partner-to-bolster-e-commerce-in-egypt--51477857Paymob, an Egyptian payment, and shopping app have partnered with Tabby, a Dubai-based buy-now-pay-later platform, to fuel growth for retailers in Egypt by enabling businesses across Paymob’s network to benefit from Tabby’s split in-four, interest and fee-free payment solution via Paymob’s gateway.
The two fintech will seamlessly integrate Tabby’s BNPL solution into Paymob’s platform as an option for its online and in-store retailers and will be available to over 120,000 merchants.
With e-commerce growing rapidly in the Middle East, this partnership would have a long-lasting impact on the tech ecosystem in the region.
Paymob enables over 30 online and in-store payment methods and empowers over 120,000 small and medium merchants to manage and scale their businesses.
Ahmed Khalil, Tabby Egypt’s general manager, says there is a strong demand for greater financial freedom and flexibility to enable consumers to make their purchases.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51477857Fri, 07 Oct 2022 07:15:40 +0000Africa Business RadioPaymob and Tabby partner to bolster e-commerce in Egypt Paymob, an Egyptian payment, and shopping app have partnered with Tabby, a Dubai-based buy-now-pay-later platform, to fuel growth for retailers in Egypt by enabling businesses across Paymob’s...Paymob, an Egyptian payment, and shopping app have partnered with Tabby, a Dubai-based buy-now-pay-later platform, to fuel growth for retailers in Egypt by enabling businesses across Paymob’s network to benefit from Tabby’s split in-four, interest and fee-free payment solution via Paymob’s gateway.
The two fintech will seamlessly integrate Tabby’s BNPL solution into Paymob’s platform as an option for its online and in-store retailers and will be available to over 120,000 merchants.
With e-commerce growing rapidly in the Middle East, this partnership would have a long-lasting impact on the tech ecosystem in the region.
Paymob enables over 30 online and in-store payment methods and empowers over 120,000 small and medium merchants to manage and scale their businesses.
Ahmed Khalil, Tabby Egypt’s general manager, says there is a strong demand for greater financial freedom and flexibility to enable consumers to make their purchases.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>107africa_business_radio,egypt,paymob,tech_newsfalsefullhttps://www.spreaker.com/episode/ugandan-fintech-numida-raises-12-3-million-pre-series-a--51477859In Uganda, YC-backed Numida has provided more than $20 million in unsecured working capital to 27,000 micro and small businesses. Founded by Mina
Numida is also the first digital lender in the East African region to offer risk-based pricing, and business owners can access loans of up to USD 4,000.
CEO and co-founder Mina Shahid says that to provide a technology-based solution to the Ugandan population, Numida had to spend years perfecting its user interface and user experience.
He added that before launching in Uganda, the company had done test pilots in Ghana and considered Kenya, but chose Uganda because of its population and the market size of financially excluded SMEs.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51477859Fri, 07 Oct 2022 07:02:32 +0000Africa Business RadioThe International Finance Corporation estimates that 40% of formal micro, small and medium enterprises in developing countries have an unmet financing need of $5.2 trillion every year. In Uganda, YC-backed Numida has provided more than $20 million in...In Uganda, YC-backed Numida has provided more than $20 million in unsecured working capital to 27,000 micro and small businesses. Founded by Mina
Numida is also the first digital lender in the East African region to offer risk-based pricing, and business owners can access loans of up to USD 4,000.
CEO and co-founder Mina Shahid says that to provide a technology-based solution to the Ugandan population, Numida had to spend years perfecting its user interface and user experience.
He added that before launching in Uganda, the company had done test pilots in Ghana and considered Kenya, but chose Uganda because of its population and the market size of financially excluded SMEs.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>125africa_business_radio,financing,tech_news,ugandafalsefullhttps://www.spreaker.com/episode/safaricom-and-partners-make-overdrafts-cheaper--51477856The move, widely seen as political, comes ahead of a planned presidential review of Kenya’s credit scoring system.
Fuliza is an overdraft mobile money overdraft product jointly operated by Safaricom and two of Kenya’s largest banks, NCBA and Kenya Commercial Bank Limited.
The recently announced tariff discount, which takes effect from the 1st of October, means Fuliza customers who borrow between Sh500 and Sh1000 will pay a daily interest charge of Sh6 (5 cents) down from Sh10.
Safaricom CEO Peter Ndegwa, says this establishes Fuliza as the most accessible and affordable credit facility at only 1% of the value, especially when customers pay within a relatively short period of time.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51477856Fri, 07 Oct 2022 06:55:44 +0000Africa Business RadioKenya’s leading telco Safaricom, and its partner banks announced cuts on daily charges for loans below Sh1000 from Fuliza, a short-term digital loan product on Wednesday. The move, widely seen as political, comes ahead of a planned presidential...The move, widely seen as political, comes ahead of a planned presidential review of Kenya’s credit scoring system.
Fuliza is an overdraft mobile money overdraft product jointly operated by Safaricom and two of Kenya’s largest banks, NCBA and Kenya Commercial Bank Limited.
The recently announced tariff discount, which takes effect from the 1st of October, means Fuliza customers who borrow between Sh500 and Sh1000 will pay a daily interest charge of Sh6 (5 cents) down from Sh10.
Safaricom CEO Peter Ndegwa, says this establishes Fuliza as the most accessible and affordable credit facility at only 1% of the value, especially when customers pay within a relatively short period of time.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>115africa_business_radio,business,kenya,overdraft,safaricom,tech_newsfalsefullhttps://www.spreaker.com/episode/bamboo-a-nigerian-online-brokerage-firm-launches-in-ghana--51424615Through a partnership with 10th Capital Investments, a licensed Ghanaian firm, the more than 50,000 users on Bamboo Ghana’s waitlist will now be able to buy and invest in stocks from US companies like Apple Inc and Tesla.
Bamboo says it recently received a No Objection Letter from Ghana’s Securities and Exchange Commission to operate in the country, enabling it to launch successfully.
Richmond Bassey, Bamboo CEO and co-founder says they believe strongly that all Africans should earn a return on their investments and build intergenerational wealth.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51424615Fri, 30 Sep 2022 07:46:43 +0000Africa Business RadioOne of Nigeria’s leading online brokerage firms has expanded into Ghana, making it the first trans-national west-African brokerage app. Through a partnership with 10th Capital Investments, a licensed Ghanaian firm, the more than 50,000 users on...Through a partnership with 10th Capital Investments, a licensed Ghanaian firm, the more than 50,000 users on Bamboo Ghana’s waitlist will now be able to buy and invest in stocks from US companies like Apple Inc and Tesla.
Bamboo says it recently received a No Objection Letter from Ghana’s Securities and Exchange Commission to operate in the country, enabling it to launch successfully.
Richmond Bassey, Bamboo CEO and co-founder says they believe strongly that all Africans should earn a return on their investments and build intergenerational wealth.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>123africa_business_radio,ghana,nigeria,online_brokage,tech_newsfalsefullhttps://www.spreaker.com/episode/crypto-platform-nexo-sued-by-new-york-california-and-six-other-us-regulators--51424614New York Attorney General Letitia James says Nexo and Nexo Capital failed to register with the state’s securities and commodities brokers or dealers and lied to investors about their registration status.
James seeks to compel Nexo to forgo the revenue from its Earn Interest Product crypto deposit accounts and provide financial restitution to customers who used it.
Nexo advertised that the product could provide users with yields of up to 36%, CNBC reported Monday.
The New York Office of the Attorney General says it warned Nexo to register as a securities and commodities broker or dealer, but it failed to do so. The office did not disclose when it provided those warnings.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51424614Fri, 30 Sep 2022 07:45:43 +0000Africa Business RadioCrypto platform Nexo is being sued by eight U.S. state securities regulators representing New York, California, Kentucky, Maryland, Oklahoma, South Carolina, Washington, and Vermont. New York Attorney General Letitia James says Nexo and Nexo Capital...New York Attorney General Letitia James says Nexo and Nexo Capital failed to register with the state’s securities and commodities brokers or dealers and lied to investors about their registration status.
James seeks to compel Nexo to forgo the revenue from its Earn Interest Product crypto deposit accounts and provide financial restitution to customers who used it.
Nexo advertised that the product could provide users with yields of up to 36%, CNBC reported Monday.
The New York Office of the Attorney General says it warned Nexo to register as a securities and commodities broker or dealer, but it failed to do so. The office did not disclose when it provided those warnings.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>145africa_business_radio,cryptocurrency,nexo,tech_news,us_regulatorsfalsefullhttps://www.spreaker.com/episode/samsung-launches-credit-card-in-india--51424616The South Korean giant says it has partnered with the Mumbai-headquartered Axis Bank and global payments processor Visa to launch the cards, which it is calling the Samsung Axis Bank Credit Card. Consumers buying Samsung’s products and services through either of the cards will get 10% cash back around the year.
Samsung, the second largest smartphone vendor in India, says it will also offer customers exciting financing options on credit cards.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51424616Fri, 30 Sep 2022 07:44:05 +0000Africa Business RadioSamsung has launched two credit cards in India, entering a crowded category that sees more than 50 companies fiercely compete for consumers’ attention in the world’s second-largest internet market. The South Korean giant says it has partnered with...The South Korean giant says it has partnered with the Mumbai-headquartered Axis Bank and global payments processor Visa to launch the cards, which it is calling the Samsung Axis Bank Credit Card. Consumers buying Samsung’s products and services through either of the cards will get 10% cash back around the year.
Samsung, the second largest smartphone vendor in India, says it will also offer customers exciting financing options on credit cards.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>124africa_business_radio,credit_cards,india,samsung,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-integrates-google-pay-into-payment-options--51424617The company is making good on its promise about Google Pay, as users of the global payment service can now use it for transactions with merchants on Flutterwave’s stores.
With this integration, Google Pay users worldwide can pay businesses on Flutterwave within an average transaction completion time of 3 minutes.
According to Flutterwave, this move will reduce the cart abandonment rate for its online businesses.
Olugbenga Agboola, Flutterwave’s founder and CEO, expressed convictions that the Google Pay integration will connect global customers to businesses on Flutterwave.
He says the continued and rapid growth of Flutterwave is due to their commitment to building a platform with simplified payments for everyone.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51424617Fri, 30 Sep 2022 07:41:44 +0000Africa Business RadioPan-African fintech giant Flutterwave raised $250 million in a series D raise, the company held an event where it announced, amongst other things, that it would integrate Google Pay and Apple Pay into its suite of payment options. The company is...The company is making good on its promise about Google Pay, as users of the global payment service can now use it for transactions with merchants on Flutterwave’s stores.
With this integration, Google Pay users worldwide can pay businesses on Flutterwave within an average transaction completion time of 3 minutes.
According to Flutterwave, this move will reduce the cart abandonment rate for its online businesses.
Olugbenga Agboola, Flutterwave’s founder and CEO, expressed convictions that the Google Pay integration will connect global customers to businesses on Flutterwave.
He says the continued and rapid growth of Flutterwave is due to their commitment to building a platform with simplified payments for everyone.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>143africa_business_radio,business,fintech,flutterwave,google_pay,tech_newsfalsefullhttps://www.spreaker.com/episode/jumia-signs-with-zipline-for-drone-delivery-services--51424619The pilot test involved 1hr deliveries from distances as far as 85km from the take-off point, with real-time visibility of the drones for all stakeholders in the process.
Apoorva Kumar, EVP Jumia, Group COO says using the latest instant logistics technology will allow Jumia to offer our consumers on-demand delivery of the products they need – instantly.
He says Whether they’re ordering electronics, fashion, health, beauty, or other categories, Zipline’s instant logistics system will provide fast and convenient access.
He added that this will support Jumia’s commitment to sustainability and innovation and provide much-needed access to rural and remote areas where conventional delivery services have challenges

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51424619Fri, 30 Sep 2022 07:39:56 +0000Africa Business RadioJumia, Africa’s leading e-commerce player, has partnered with Zipline, a global instant delivery company, to offer on-demand drone delivery services to the growing number of eCommerce players on the continent. The pilot test involved 1hr deliveries...The pilot test involved 1hr deliveries from distances as far as 85km from the take-off point, with real-time visibility of the drones for all stakeholders in the process.
Apoorva Kumar, EVP Jumia, Group COO says using the latest instant logistics technology will allow Jumia to offer our consumers on-demand delivery of the products they need – instantly.
He says Whether they’re ordering electronics, fashion, health, beauty, or other categories, Zipline’s instant logistics system will provide fast and convenient access.
He added that this will support Jumia’s commitment to sustainability and innovation and provide much-needed access to rural and remote areas where conventional delivery services have challenges

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>151africa,africa_business_radio,drone_delivery,jumia,tech_news,ziplinefalsefullhttps://www.spreaker.com/episode/binance-goes-on-francophone-africa-tour-to-drive-crypto-education--51424620French-speaking Africans, by comparison, are distant from the crypto party, and Binance is trying to change this.
Binance, a leading global crypto infrastructure provider, commenced a tour to 5 countries in francophone Africa intending to create more awareness of crypto and web3.
With a mission to drive blockchain adoption and improve financial accessibility in Africa, Binance is placing itself as the first point of contact for crypto newbies in these 5 countries.
Carine Dikambi, Francophone Africa Lead at Binance, said that Binance is intentional about building communities that will enable the success of crypto adoption in these regions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51424620Fri, 30 Sep 2022 07:38:48 +0000Africa Business RadioCrypto adoption in Africa grew by 1200% between July 2020 and June 2021, making Africans the fastest adopters of Crypto in the world. French-speaking Africans, by comparison, are distant from the crypto party, and Binance is trying to change this....French-speaking Africans, by comparison, are distant from the crypto party, and Binance is trying to change this.
Binance, a leading global crypto infrastructure provider, commenced a tour to 5 countries in francophone Africa intending to create more awareness of crypto and web3.
With a mission to drive blockchain adoption and improve financial accessibility in Africa, Binance is placing itself as the first point of contact for crypto newbies in these 5 countries.
Carine Dikambi, Francophone Africa Lead at Binance, said that Binance is intentional about building communities that will enable the success of crypto adoption in these regions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>138africa,africa_business_radio,binance,crypto_adoption,crypto_education,tech_newsfalsefullhttps://www.spreaker.com/episode/ghanaian-agtech-farmerline-raises-1-5m-from-dutch-investor-oikocredit--51424621The new funding brings the total amount raised in the round to $14.4 million, including $6.4 debt funding.
The funding comes at a time when Farmerline, which has operations across Ghana, is setting up shop in Ivory Coast as it continues its expansion across West Africa.
Founded in 2013 by Alloysius Attah and Emmanuel Owusu Addai, Farmerline works through agro-dealers, who are usually the first point of knowledge for farmers, in ensuring access to high-quality supplies, including fertilizer and seeds.
Attah says with the support of Oikocredit alongside our first-round funders, our distribution, logistics, and financing services will continue not only in Ghana but also in Ivory Coast where they have recently begun the process of expanding their team.
Attah says that Farmerline is expanding its physical infrastructure like warehouses and distribution networks to make it a marketplace that allows the faster movement of supplies to and from rural areas.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51424621Fri, 30 Sep 2022 07:37:12 +0000Africa Business RadioGhanaian agtech Farmerline has secured $1.5 million equity funding from Dutch impact investor Oikocredit in its second close of the pre-series A round. The new funding brings the total amount raised in the round to $14.4 million, including $6.4 debt...The new funding brings the total amount raised in the round to $14.4 million, including $6.4 debt funding.
The funding comes at a time when Farmerline, which has operations across Ghana, is setting up shop in Ivory Coast as it continues its expansion across West Africa.
Founded in 2013 by Alloysius Attah and Emmanuel Owusu Addai, Farmerline works through agro-dealers, who are usually the first point of knowledge for farmers, in ensuring access to high-quality supplies, including fertilizer and seeds.
Attah says with the support of Oikocredit alongside our first-round funders, our distribution, logistics, and financing services will continue not only in Ghana but also in Ivory Coast where they have recently begun the process of expanding their team.
Attah says that Farmerline is expanding its physical infrastructure like warehouses and distribution networks to make it a marketplace that allows the faster movement of supplies to and from rural areas.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>146africa,africa_business_radio,agritech,equity_funding,ghana,tech_newsfalsefullhttps://www.spreaker.com/episode/vendease-raises-30-million-to-offer-procurement-services-across-africa--51424618Founded by Tunde Kara, Olumide Fayankin, Gatumi Aliyu, and Wale Oyepeju, the startup has raised $30 million in an equity and debt funding round to consolidate its growth and operations in Nigeria and Ghana, and to support its expansion across the continent.
The series A equity round of $20 million was co-led by TLcom and Partech, two of the biggest Africa-focused funds.
The $10 million debt round was raised from the local finance market. Following their investments, Andreata Muforo, a partner at TLcom, and Cyril Collon, a general partner at Partech, will join Vendease’s board as new directors.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51424618Fri, 30 Sep 2022 07:35:35 +0000Africa Business RadioVendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services, and power their business operations. Founded by Tunde Kara, Olumide Fayankin, Gatumi Aliyu, and Wale Oyepeju, the startup...Founded by Tunde Kara, Olumide Fayankin, Gatumi Aliyu, and Wale Oyepeju, the startup has raised $30 million in an equity and debt funding round to consolidate its growth and operations in Nigeria and Ghana, and to support its expansion across the continent.
The series A equity round of $20 million was co-led by TLcom and Partech, two of the biggest Africa-focused funds.
The $10 million debt round was raised from the local finance market. Following their investments, Andreata Muforo, a partner at TLcom, and Cyril Collon, a general partner at Partech, will join Vendease’s board as new directors.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>152africa,africa_business_radio,business,nigeria,tech_news,vendeasefalsefullhttps://www.spreaker.com/episode/network-operator-rain-is-planning-to-make-a-push-for-mobile-5g-next-year--51352955Van Zyl says that the company’s market share still has not taken a hit despite an increase in competition.
van Zyl says they already have a substantial market share in the fixed space. They had a bit of a run-up front where we didn’t have much competition regarding 5G there are now several competitors, but we haven’t seen demand for our products decline.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51352955Fri, 23 Sep 2022 07:08:02 +0000Africa Business RadioJohan van Zyl, co-CEO of shareholder African Rainbow Capital says South African data-only mobile network operator Rain is launching a mobile 5G product in early 2023, Van Zyl stated that Rain wanted to add mobile 5G to their current 4G product which...Van Zyl says that the company’s market share still has not taken a hit despite an increase in competition.
van Zyl says they already have a substantial market share in the fixed space. They had a bit of a run-up front where we didn’t have much competition regarding 5G there are now several competitors, but we haven’t seen demand for our products decline.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>1155g,africa_business_radio,mobile_network,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/brazilian-unicorn-ebanx-expands-into-africa--51352953The CEO and co-founder, João Del Valle, explained that although Africa’s digital economy is still nascent, its exciting potential motivated his company’s decision. Africa’s fast-growing digital economy is only in its early days, and it’s projected to grow up and to the right for the next few decades.
Together with local players, EBANX will be a catalyst to realize the many benefits of a digital economy even faster.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51352953Fri, 23 Sep 2022 07:05:00 +0000Africa Business RadioEBANX, a multinational fintech company, has announced plans to expand its payment gateway solution and operations outside Latin America for the first time, to Africa. Present in 15 countries in Latin America, the 10-year-old unicorn has processed over...The CEO and co-founder, João Del Valle, explained that although Africa’s digital economy is still nascent, its exciting potential motivated his company’s decision. Africa’s fast-growing digital economy is only in its early days, and it’s projected to grow up and to the right for the next few decades.
Together with local players, EBANX will be a catalyst to realize the many benefits of a digital economy even faster.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>114africa,africa_business_radio,brazilian_unicorn,tech_newsfalsefullhttps://www.spreaker.com/episode/ugandan-parliament-passes-computer-misuse-bill--51352952The Collaboration on International ICT Policy for East and Southern Africa says it’s a blow to online civil liberties.
The bill wants to amend Section 12 of the act and criminalize hacking another person’s electronic device and publishing information obtained from the hack.
The bill also proposes that no person shall write, send or share information that is likely to ridicule, degrade or demean another person, tribe, religion, or gender.
The bill proposes the adoption of penalties of a UGX 15 million fine, imprisonment not exceeding 10 years, or both for the listed offenses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51352952Fri, 23 Sep 2022 07:00:29 +0000Africa Business RadioUganda has recently come up with its Computer Misuse Bill during plenary, the House considered and passed the Computer Misuse (Amendment) Bill, 2022 with amendments. The Collaboration on International ICT Policy for East and Southern Africa says it’s...The Collaboration on International ICT Policy for East and Southern Africa says it’s a blow to online civil liberties.
The bill wants to amend Section 12 of the act and criminalize hacking another person’s electronic device and publishing information obtained from the hack.
The bill also proposes that no person shall write, send or share information that is likely to ridicule, degrade or demean another person, tribe, religion, or gender.
The bill proposes the adoption of penalties of a UGX 15 million fine, imprisonment not exceeding 10 years, or both for the listed offenses.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>126africa_business_radio,computer_misuse_bill,tech_news,ugandafalsefullhttps://www.spreaker.com/episode/adobe-s-20-billion-figma-acquisition-is-unsettling-african-designers--51352950Figma CEO, Dylan Field, says that with Adobe’s amazing innovation and expertise, especially in 3D, video, vector, imaging and fonts, they can further reimagine end-to-end product design in the browser while building new tools and spaces to empower customers to design products faster and more easily.
The $20 billion acquisition price represents a sizable leap for Figma, which was valued at just over $2 billion in 2020 and last valued at $10 billion in June 2021 during the startup’s $200 million in a Series E funding round.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51352950Fri, 23 Sep 2022 06:55:12 +0000Africa Business RadioAmerican multinational computer software Adobe announced that it will acquire the design startup Figma for $20 billion, taking out one of its biggest rivals in the digital design space. Figma CEO, Dylan Field, says that with Adobe’s amazing...Figma CEO, Dylan Field, says that with Adobe’s amazing innovation and expertise, especially in 3D, video, vector, imaging and fonts, they can further reimagine end-to-end product design in the browser while building new tools and spaces to empower customers to design products faster and more easily.
The $20 billion acquisition price represents a sizable leap for Figma, which was valued at just over $2 billion in 2020 and last valued at $10 billion in June 2021 during the startup’s $200 million in a Series E funding round.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>128adobe,africa_business_radio,figma,software_design,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-neobank-kuda-incurred-a-loss-of-over-6-billion-in-2021--51352949The company recorded a loss of ₦6,092,554,866, a 602% rise from the ₦868,062,000 ($2,025,295) loss it made in 2020 by the end of the 2021 financial year.
The financial report indicated that the company’s revenue increased by 4,315% from ₦72,649,000 in 2020 to ₦3,207,177,570 in 2021.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51352949Fri, 23 Sep 2022 06:51:39 +0000Africa Business RadioKuda MFB, a neobank operating under the Nigerian microfinance bank license, has been recording losses for the past two years. The company recorded a loss of ₦6,092,554,866, a 602% rise from the ₦868,062,000 ($2,025,295) loss it made in 2020 by the...The company recorded a loss of ₦6,092,554,866, a 602% rise from the ₦868,062,000 ($2,025,295) loss it made in 2020 by the end of the 2021 financial year.
The financial report indicated that the company’s revenue increased by 4,315% from ₦72,649,000 in 2020 to ₦3,207,177,570 in 2021.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>119africa_business_radio,kuda,microfinance_bank,tech_newsfalsefullhttps://www.spreaker.com/episode/softbank-backed-ola-to-cut-200-jobs-in-india--51352948The company has kickstarted a new wave of layoffs, which affects the engineering teams at its food and ride-hailing businesses.
An Ola spokesperson says the layoff impacts fewer than 200 jobs, accounting for 10% of the company’s engineering team.
Ola says that it currently employs about 2,000 individuals and aims to increase the engineering talent pool to 5,000 over the next 18 months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51352948Fri, 23 Sep 2022 06:49:33 +0000Africa Business RadioSoftBank-backed Ola plans to eliminate about 200 jobs across its engineering teams over the next few days, on track to shrink its workforce by over 1,200 this year, as the ride-hailing giant streamlines its operations to improve finances. The company...The company has kickstarted a new wave of layoffs, which affects the engineering teams at its food and ride-hailing businesses.
An Ola spokesperson says the layoff impacts fewer than 200 jobs, accounting for 10% of the company’s engineering team.
Ola says that it currently employs about 2,000 individuals and aims to increase the engineering talent pool to 5,000 over the next 18 months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>119africa_business_radio,ola,softbank,tech_newsfalsefullhttps://www.spreaker.com/episode/fintech-app-portabl-raises-2-5m-to-help-consumers-securely-store-financial-data--51352947Nate Soffio says It is a digital wallet and password manager for financial services and banking apps, but Soffio calls it a financial digital passport, which helps with user identification, making the task less cumbersome for both consumers and financial services.
He says the company’s goal is to wean people from passwords, helping consumers obtain more ownership over their economic data by granting control over who can access it.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51352947Fri, 23 Sep 2022 06:48:02 +0000Africa Business RadioFintech Portabl announced the closing of a $2.5 million seed round led by Harlem Capital Partners. Nate Soffio says It is a digital wallet and password manager for financial services and banking apps, but Soffio calls it a financial digital...Nate Soffio says It is a digital wallet and password manager for financial services and banking apps, but Soffio calls it a financial digital passport, which helps with user identification, making the task less cumbersome for both consumers and financial services.
He says the company’s goal is to wean people from passwords, helping consumers obtain more ownership over their economic data by granting control over who can access it.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>112africa_business_radio,financial_data,tech_news,technologyfalsefullhttps://www.spreaker.com/episode/blockchain-payments-startup-bitmama-secures-2-million-pre-seed-round--51270571The new pre-seed round will be used to expand the company’s operational presence, strengthen its team across different markets, consolidate its product offerings, and plot market penetration across Africa. With this expansion, it seeks to rapidly scale new use cases for cryptocurrency within the continent.
Currently present in Nigeria, Ghana, and Kenya, Bitmama enables its users to trade several cryptocurrencies, use their debit cards for regular online payments, pay utilities and perform transactions such as staking to hedge against currency devaluation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51270571Fri, 16 Sep 2022 07:44:06 +0000Africa Business RadioThe US and Africa-based blockchain payments startup Bitmama has raised an additional $1.65 million in funding, bringing its total pre-seed round to $2 million. The new pre-seed round will be used to expand the company’s operational presence,...The new pre-seed round will be used to expand the company’s operational presence, strengthen its team across different markets, consolidate its product offerings, and plot market penetration across Africa. With this expansion, it seeks to rapidly scale new use cases for cryptocurrency within the continent.
Currently present in Nigeria, Ghana, and Kenya, Bitmama enables its users to trade several cryptocurrencies, use their debit cards for regular online payments, pay utilities and perform transactions such as staking to hedge against currency devaluation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>115africa,africa_business_radio,bitmama,cryptocurrency,funding,tech_newsfalsefullhttps://www.spreaker.com/episode/nownow-raises-13-million-in-seed-funding-to-expand-services-across-africa--51270565Standard & Poor’s Global Financial Literacy Survey, in African countries, says the percentage of financially literate adults hovers within the 26% range in Nigeria and the 42% range in South Africa.
NowNow Digital Systems, a Nigerian fintech, has raised a $13 million seed round to improve financial inclusion across Africa by providing financial services to the unbanked and underbanked on the continent
The company says that the funding will help it introduce new products that will further enhance its already existing consumer banking, agency banking, and merchant payment solutions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51270565Fri, 16 Sep 2022 07:41:58 +0000Africa Business RadioFinancial literacy across the world is low, as only 33% of adults globally are financially literate. Standard & Poor’s Global Financial Literacy Survey, in African countries, says the percentage of financially literate adults hovers within the 26%...Standard & Poor’s Global Financial Literacy Survey, in African countries, says the percentage of financially literate adults hovers within the 26% range in Nigeria and the 42% range in South Africa.
NowNow Digital Systems, a Nigerian fintech, has raised a $13 million seed round to improve financial inclusion across Africa by providing financial services to the unbanked and underbanked on the continent
The company says that the funding will help it introduce new products that will further enhance its already existing consumer banking, agency banking, and merchant payment solutions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>120africa,africa_business_radio,financial_literate,nownowfalsefullhttps://www.spreaker.com/episode/south-african-government-lays-out-plans-to-liberalize-country-s-frequency-spectrum--51270563The draft policy document will be used to coordinate national spectrum management approaches to support the rollout of communications networks for socio-economic national development.
The minister has directed the country’s regulators Independent Communications Authority of South Africa and the Competition Commission to develop rules for a secondary market for the spectrum that will ensure that the resultant transactions do not negatively impact competition.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51270563Fri, 16 Sep 2022 07:40:19 +0000Africa Business RadioSouth Africa’s minister of communications and digital technologies Khumbudzo Ntshavheni has published a draft policy document that has proposed the trading of radio frequency spectrum which has been prohibited in the country. The draft policy...The draft policy document will be used to coordinate national spectrum management approaches to support the rollout of communications networks for socio-economic national development.
The minister has directed the country’s regulators Independent Communications Authority of South Africa and the Competition Commission to develop rules for a secondary market for the spectrum that will ensure that the resultant transactions do not negatively impact competition.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>123africa_business_radio,frequency_spectrum,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/eu-urged-to-reject-amazon-s-offer-to-end-antitrust-probe--51270561The bloc’s regulators urged the European Commission to reject Amazon’s commitments outright and in full, and instead continue vigorously to pursue its antitrust cases against Amazon, imposing remedies and penalties as necessary.
Their submission argues that much of what Amazon has proposed to try to settle the EU’s investigation into its handling of merchant data will be required under an incoming pan-EU law anyway that’s expected to start applying from spring 2023, bringing in major penalties for non-compliance.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51270561Fri, 16 Sep 2022 07:38:07 +0000Africa Business RadioA series of commitments offered by Amazon in the EU, where regulators are investigating competition concerns linked to its use of third-party data, has been dubbed weak, vague and full of loopholes in a critical submission signed by a dozen civil...The bloc’s regulators urged the European Commission to reject Amazon’s commitments outright and in full, and instead continue vigorously to pursue its antitrust cases against Amazon, imposing remedies and penalties as necessary.
Their submission argues that much of what Amazon has proposed to try to settle the EU’s investigation into its handling of merchant data will be required under an incoming pan-EU law anyway that’s expected to start applying from spring 2023, bringing in major penalties for non-compliance.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>130africa_business_radio,amazon,antitrust_probe,e.u,tech_newsfalsefullhttps://www.spreaker.com/episode/vedanta-and-foxconn-sign-agreement-with-indian-state-for-20-billion-semiconductor-unit--51270560Top officials says Foxconn will bring technical expertise to the venture whereas Vedanta, which has a background in mining, will finance the project.
Chief Minister Bhupendrabhai Patel says every state government department will also provide all possible assistance to make this project successful.
Ashwini Vaishnaw, India’s IT Minister, says electronics manufacturing in India has already generated around 25 lakh jobs.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51270560Fri, 16 Sep 2022 07:34:04 +0000Africa Business RadioIndian oil-to-metals conglomerate Vedanta and global manufacturing giant Foxconn have signed a memorandum of understanding with the Indian state of Gujarat to set up a $20 billion semiconductor unit in the coastal state. Top officials says Foxconn...Top officials says Foxconn will bring technical expertise to the venture whereas Vedanta, which has a background in mining, will finance the project.
Chief Minister Bhupendrabhai Patel says every state government department will also provide all possible assistance to make this project successful.
Ashwini Vaishnaw, India’s IT Minister, says electronics manufacturing in India has already generated around 25 lakh jobs.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>119africa_business_radio,foxconn,india,tech_news,vedantafalsefullhttps://www.spreaker.com/episode/peloton-co-founders-resign-amid-company-shakeup--51270558Peloton announced that Foley has resigned from the company altogether, alongside fellow founder and Chief Legal Officer Hisao Kushi. Foley’s resignation goes into effect today, while Kushi’s is planned for October 3.
Tammy Albarrán will become both chief legal officer and corporate secretary on the latter date. She most recently served as chief deputy general counsel and deputy corporate secretary of Uber.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51270558Fri, 16 Sep 2022 07:31:45 +0000Africa Business RadioPeloton hit heights experienced by precious few tech firms, As exercise demands shifted away from the gym amid pandemic-related shutdowns. Peloton announced that Foley has resigned from the company altogether, alongside fellow founder and Chief...Peloton announced that Foley has resigned from the company altogether, alongside fellow founder and Chief Legal Officer Hisao Kushi. Foley’s resignation goes into effect today, while Kushi’s is planned for October 3.
Tammy Albarrán will become both chief legal officer and corporate secretary on the latter date. She most recently served as chief deputy general counsel and deputy corporate secretary of Uber.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>118africa_business_radio,peloton,tech_newsfalsefullhttps://www.spreaker.com/episode/60-african-startups-receive-4-million-equity-free-funding-from-google--51270556Each of the selected startups will receive support in the form of a 6-month training programme that includes tailored workshops, community-building sessions and access to a network of mentors to assist in tackling challenges that are unique to them.
The 60 startups will also get equity-free funding between $50,000 and $100,000, and up to $200,000 in Google Cloud credit.
The Google for Startups programme has created over 4,600 jobs through the startups it invested in, with the startups going on to raise more than $290 million in funding.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51270556Fri, 16 Sep 2022 07:30:04 +0000Africa Business RadioGoogle announced that 60 African startups have been selected for the second cohort of its Google for Startups Black Founders Fund. Each of the selected startups will receive support in the form of a 6-month training programme that includes tailored...Each of the selected startups will receive support in the form of a 6-month training programme that includes tailored workshops, community-building sessions and access to a network of mentors to assist in tackling challenges that are unique to them.
The 60 startups will also get equity-free funding between $50,000 and $100,000, and up to $200,000 in Google Cloud credit.
The Google for Startups programme has created over 4,600 jobs through the startups it invested in, with the startups going on to raise more than $290 million in funding.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>121africa_business_radio,african_startups,black_founders_fund,google,tech_newsfalsefullhttps://www.spreaker.com/episode/kippa-raises-8-4-million-to-expand-its-offerings-to-nigerian-smes--51270554This fundraiser brings the total fundraised by Kippa to $11 million.
This recent fundraising saw Kippa, welcome new global investors, including Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital (the venture arm of Credit Saison), Crestone VC (led by Inanc Balci, Co-founder and former CEO at Lazada), VentureSouq, Horizon Partners and Vibe Capital.
The company earlier announced that it obtained a Super-Agent licence from Nigeria’s apex bank, the Central Bank of Nigeria just like other agency banking players OPay and TeamApt.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51270554Fri, 16 Sep 2022 07:26:59 +0000Africa Business RadioKippa, a financial management and payments platform for Nigerian small businesses, announced that it has raised $8.4 million in a new financing round. This fundraiser brings the total fundraised by Kippa to $11 million. This recent fundraising...This fundraiser brings the total fundraised by Kippa to $11 million.
This recent fundraising saw Kippa, welcome new global investors, including Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital (the venture arm of Credit Saison), Crestone VC (led by Inanc Balci, Co-founder and former CEO at Lazada), VentureSouq, Horizon Partners and Vibe Capital.
The company earlier announced that it obtained a Super-Agent licence from Nigeria’s apex bank, the Central Bank of Nigeria just like other agency banking players OPay and TeamApt.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>129africa_business_radio,kippa,news,nigeria,smes,techfalsefullhttps://www.spreaker.com/episode/biden-administration-details-plans-for-50-billion-in-chips-act-funding--51197621An eligible applicant for funding under the Section 9902 incentives program must be a covered entity, which can be a private entity, a nonprofit entity, a consortium of private entities, or a consortium of nonprofit, public, and private entities with a demonstrated ability to substantially finance, construct, expand, or modernize a facility relating to fabrication, assembly, testing, advanced packaging, production, or research and development of semiconductors, materials used to manufacture semiconductors, or semiconductor manufacturing equipment.
$39 billion will go toward building out domestic manufacturing, $28 billion of which will arrive as incentives for manufacturers to design next-gen chips, with $10 million focused on existing chips.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197621Fri, 09 Sep 2022 10:35:46 +0000Africa Business RadioThe U.S. Department of Commerce is detailing some of those plans, outlining where $50 billion of that funding will go. Reiterating the legislation’s key goals, the DoC notes that the money will be focused on getting the U.S. back on track with...An eligible applicant for funding under the Section 9902 incentives program must be a covered entity, which can be a private entity, a nonprofit entity, a consortium of private entities, or a consortium of nonprofit, public, and private entities with a demonstrated ability to substantially finance, construct, expand, or modernize a facility relating to fabrication, assembly, testing, advanced packaging, production, or research and development of semiconductors, materials used to manufacture semiconductors, or semiconductor manufacturing equipment.
$39 billion will go toward building out domestic manufacturing, $28 billion of which will arrive as incentives for manufacturers to design next-gen chips, with $10 million focused on existing chips.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>144africa_business_radio,chips_act_funding,tech_news,united_statesfalsefullhttps://www.spreaker.com/episode/waysia-raises-10m-to-deliver-asian-grocery-in-europe--51197620Yejun Fan, founder and CEO of Waysia says the pandemic showed that the need for ethnic groceries was really underserved in Europe.
A handful of startups are already delivering Asian takeout across Europe, but online grocery targeting the demographic is still relatively rare, reckoned the founder, who worked in finance before becoming a serial entrepreneur.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197620Fri, 09 Sep 2022 10:32:37 +0000Africa Business RadioWaysia, an Asian grocery delivery platform, Previously known as Alorsfaim, started out in Paris four years ago as a platform delivering from Asian restaurants and supermarkets to customers. When the pandemic hit, its users began to panic buy and...Yejun Fan, founder and CEO of Waysia says the pandemic showed that the need for ethnic groceries was really underserved in Europe.
A handful of startups are already delivering Asian takeout across Europe, but online grocery targeting the demographic is still relatively rare, reckoned the founder, who worked in finance before becoming a serial entrepreneur.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>130africa_business_radio,asian_grocery,europe,tech_news,waysiafalsefullhttps://www.spreaker.com/episode/juul-agrees-to-pay-438-5m-in-a-record-settlement--51197605Connecticut Attorney General William Tong announced the deal, noting that in addition to the financial terms, the settlement will force Juul to adhere to specific marketing and sales practices, including refraining from depicting anyone younger than age 35 in its marketing in film, on billboards or in social media, or to sell Juul-branded merchandise.
The company also agreed to never again fund education programs in schools, even while it spiked this short-lived practice years ago under pressure from regulators.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197605Fri, 09 Sep 2022 10:30:54 +0000Africa Business RadioJuul has long argued that it’s trying to save lives; meanwhile, its own existence seems precarious at times. Connecticut Attorney General William Tong announced the deal, noting that in addition to the financial terms, the settlement will force Juul...Connecticut Attorney General William Tong announced the deal, noting that in addition to the financial terms, the settlement will force Juul to adhere to specific marketing and sales practices, including refraining from depicting anyone younger than age 35 in its marketing in film, on billboards or in social media, or to sell Juul-branded merchandise.
The company also agreed to never again fund education programs in schools, even while it spiked this short-lived practice years ago under pressure from regulators.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>124africa_business_radio,juul,tech_newsfalsefullhttps://www.spreaker.com/episode/nestcoin-s-metaverse-magna-raises-3-2-million-to-build-africa-s-largest-gaming-community--51197604Nestcoin’s CEO and co-founder, Yele Bademosi, says that the opportunity for Metaverse Magna came from the number of gamers on the continent, combined with the absence of any platform that operated at the intersection of cryptocurrency and gaming on the continent.
Bademosi added that his main driving force has been to see digital assets adopted more widely in the mainstream and used as a tool for economic transformation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197604Fri, 09 Sep 2022 10:29:06 +0000Africa Business RadioMetaverse Magna, a blockchain gaming platform, has raised a $3.2 million seed sale token round to expand its efforts to build Africa’s largest gaming DAO and provide gamers with access to world-class opportunities. Nestcoin’s CEO and co-founder,...Nestcoin’s CEO and co-founder, Yele Bademosi, says that the opportunity for Metaverse Magna came from the number of gamers on the continent, combined with the absence of any platform that operated at the intersection of cryptocurrency and gaming on the continent.
Bademosi added that his main driving force has been to see digital assets adopted more widely in the mainstream and used as a tool for economic transformation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>130africa,africa_business_radio,blockchain,gaming_platform,metaverse,seedfunding,tech_newsfalsefullhttps://www.spreaker.com/episode/be-mobile-africa-launches-in-south-africa--51197602It also offers low to no-fee banking products through its mobile app.
The company further claims that customers will be able to transfer and request money from anyone in the Be Mobile Africa network instantly and at no cost, and to exchange currencies with low foreign exchange fees.
The company’s mobile app is available for Android and iOS devices and the company plans to launch a B2B offering in the near future.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197602Fri, 09 Sep 2022 10:25:54 +0000Africa Business RadioCanada-based neobank Be Mobile Africa has announced its official launch in South Africa with a mission to make banking accessible to the unbanked and underbanked in the country. It also offers low to no-fee banking products through its mobile app....It also offers low to no-fee banking products through its mobile app.
The company further claims that customers will be able to transfer and request money from anyone in the Be Mobile Africa network instantly and at no cost, and to exchange currencies with low foreign exchange fees.
The company’s mobile app is available for Android and iOS devices and the company plans to launch a B2B offering in the near future.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>118africa_business_radio,be_mobile_africa,neobank,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/technology-contributes-more-than-oil-to-nigeria-s-gdp--51197598The sector saw a 6.55% growth rate from Q1 2022.
The contribution of the oil sector, which used to dominate the country’s GDP bottom line, fell to 6.33% in Q2 2022, a position lower than its 7.42% in Q2 2021 and 6.63% in Q1 2022.
With trade coming in second to ICT and contributing 16.81% to the economy, higher than the 16.6% it recorded in 2021 when the world was just recovering from the pandemic, and the 16.13% it recorded in Q1 2022, the non-oil sector dominated the economy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197598Fri, 09 Sep 2022 10:23:36 +0000Africa Business RadioThe recent Gross Domestic Product reported by the National Bureau of Statistics, the information and communications technology (ICT) sector contributed 18.44% to Nigeria’s GDP in the second quarter of 2022. The sector saw a 6.55% growth rate from...The sector saw a 6.55% growth rate from Q1 2022.
The contribution of the oil sector, which used to dominate the country’s GDP bottom line, fell to 6.33% in Q2 2022, a position lower than its 7.42% in Q2 2021 and 6.63% in Q1 2022.
With trade coming in second to ICT and contributing 16.81% to the economy, higher than the 16.6% it recorded in 2021 when the world was just recovering from the pandemic, and the 16.13% it recorded in Q1 2022, the non-oil sector dominated the economy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>132africa_business_radio,gdp,revenue,tech_news,technologyfalsefullhttps://www.spreaker.com/episode/mtn-becomes-the-first-telecommunication-to-roll-out-5g-in-nigeria--51197597MTN Nigeria, which intends to launch 5G services in Lagos, Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri, is currently testing the next-generation network infrastructure. Customers with certain enabled devices will be allowed to connect with and try out the new service where coverage is available.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197597Fri, 09 Sep 2022 10:20:33 +0000Africa Business RadioMTN Nigeria became the first telecommunication provider in Nigeria to roll out the 5G mobile network on August 24. MTN, who won the auction for the 3.5GHz 5G spectrum alongside Mafab Communications last December, commenced the roll-out by switching on...MTN Nigeria, which intends to launch 5G services in Lagos, Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri, is currently testing the next-generation network infrastructure. Customers with certain enabled devices will be allowed to connect with and try out the new service where coverage is available.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>1225g,africa_business_radio,mtn,nigeria,tech_news,telecomfalsefullhttps://www.spreaker.com/episode/flutterwave-receives-new-payment-license-and-plans-ipo--51197595This high-profile licence will allow it to facilitate transactions between financial service providers, merchants, customers and other stakeholders without intermediaries.
The licence will also allow it to offer new services such as transaction switching, card processing, non-bank acquiring, agency banking and payment gateway services.
Flutterwave says this license will allow it to process transactions faster, launch new and improved existing products, and improve the payment experience.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197595Fri, 09 Sep 2022 10:10:59 +0000Africa Business RadioNigerian payment unicorn, Flutterwave, has secured a Switching and Processing Licence from the Central Bank of Nigeria. This high-profile licence will allow it to facilitate transactions between financial service providers, merchants, customers and...This high-profile licence will allow it to facilitate transactions between financial service providers, merchants, customers and other stakeholders without intermediaries.
The licence will also allow it to offer new services such as transaction switching, card processing, non-bank acquiring, agency banking and payment gateway services.
Flutterwave says this license will allow it to process transactions faster, launch new and improved existing products, and improve the payment experience.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>132africa_business_radio,flutterwave,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-leads-as-google-supports-60-african-startups--51197586According to Google, Nigeria dominates the selection list, which features 23 Nigerian startups. Other countries benefitting from this funding programme include Kenya with 12 grantees, Rwanda with six grantees, South Africa with five grantees, and Uganda with four grantees, among others.
It was disclosed that each of the selected startups would get support through a six-month training programme that includes access to a network of mentors to assist in tackling unique challenges.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51197586Fri, 09 Sep 2022 10:08:42 +0000Africa Business RadioGoogle says 60 African startups have been selected for the second cohort of the Google for Startups Black Founders Fund for Africa. According to Google, Nigeria dominates the selection list, which features 23 Nigerian startups. Other countries...According to Google, Nigeria dominates the selection list, which features 23 Nigerian startups. Other countries benefitting from this funding programme include Kenya with 12 grantees, Rwanda with six grantees, South Africa with five grantees, and Uganda with four grantees, among others.
It was disclosed that each of the selected startups would get support through a six-month training programme that includes access to a network of mentors to assist in tackling unique challenges.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>122africa,africa_business_radio,google,nigeria,start_ups,tech_newsfalsefullhttps://www.spreaker.com/episode/meta-allows-advertisers-in-india-pay-for-their-ad-campaigns-in-no-cost-monthly-installments--51114649The feature allows Meta’s advertisers to convert their ad payments between $40 and $6,300 into equal monthly instalments.
Advertisers need to pay for their ad campaigns using credit cards from banks such as Citibank, HDFC Bank, Axis Bank, ICICI Bank and State Bank of India to get the no-cost EMI payment option.
The participating banks will charge interest on the amount transacted. However, Meta said it would bear the applicable interest payable to the bank and give it as an upfront discount to the advertiser on its ad spends.
Meta also announced 24×7 chat support for all its active advertisers in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51114649Fri, 02 Sep 2022 08:57:24 +0000Africa Business RadioMeta has introduced a feature to let its advertisers in India pay for their advertising campaigns in no-cost monthly instalments for over three months. The feature allows Meta’s advertisers to convert their ad payments between $40 and $6,300 into...The feature allows Meta’s advertisers to convert their ad payments between $40 and $6,300 into equal monthly instalments.
Advertisers need to pay for their ad campaigns using credit cards from banks such as Citibank, HDFC Bank, Axis Bank, ICICI Bank and State Bank of India to get the no-cost EMI payment option.
The participating banks will charge interest on the amount transacted. However, Meta said it would bear the applicable interest payable to the bank and give it as an upfront discount to the advertiser on its ad spends.
Meta also announced 24×7 chat support for all its active advertisers in the country.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>160africa_business_radio,meta,tech_newsfalsefullhttps://www.spreaker.com/episode/uk-mobile-and-broadband-carriers-face-fines-of-117k-over-new-cybersecurity-rules-disobedience--51114647The new requirements cover areas such as how providers can procure infrastructure and services; how providers police activity and access; the investments they make into their security and data protection and the monitoring of that; and more.
The rules will start to get introduced in October, with carriers expected to fully implement new procedures by March 2024.
Critically, those who fail to comply with the new regulations will face big fines: non-compliance can result in up to 10% of annual revenues; continuing contraventions will see fines of £100,000 per day.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51114647Fri, 02 Sep 2022 08:53:15 +0000Africa Business RadioThe UK government announced a new, sweeping set of rules it will be imposing on broadband and mobile carriers to tighten up their network security against cyber-attacks aimed at being among the strongest in the world when they are rolled out. The...The new requirements cover areas such as how providers can procure infrastructure and services; how providers police activity and access; the investments they make into their security and data protection and the monitoring of that; and more.
The rules will start to get introduced in October, with carriers expected to fully implement new procedures by March 2024.
Critically, those who fail to comply with the new regulations will face big fines: non-compliance can result in up to 10% of annual revenues; continuing contraventions will see fines of £100,000 per day.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>153africa_business_radio,cyber_attack,cybersecurity_rule,tech_news,u.kfalsefullhttps://www.spreaker.com/episode/uk-s-5b-project-gigabit-launches-first-contract-to-connect-rural-areas-to-high-speed-broadband--51114645Many homes and businesses particularly those in rural locations however, aren’t suitably served with high-speed internet, putting them at a disadvantage compared to those living in cities and around other major thoroughfares.
The U.K. Government unveiled Project Gigabit in March 2021 as it strives to plug the gaps in these hard-to-reach places, allowing people to work from anywhere, and startups to consider setting up shop away from the usual cities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51114645Fri, 02 Sep 2022 08:48:58 +0000Africa Business RadioThe first major subsidy contract under the U.K. Government’s £5 billion Project Gigabit scheme has officially been awarded, with Wessex Internet securing £6 million to connect remote properties in South West England to high-speed broadband. Many...Many homes and businesses particularly those in rural locations however, aren’t suitably served with high-speed internet, putting them at a disadvantage compared to those living in cities and around other major thoroughfares.
The U.K. Government unveiled Project Gigabit in March 2021 as it strives to plug the gaps in these hard-to-reach places, allowing people to work from anywhere, and startups to consider setting up shop away from the usual cities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>147africa_business_radio,high_speed_broadband,tech_news,u.kfalsefullhttps://www.spreaker.com/episode/justice-department-in-early-stages-of-filing-an-antitrust-lawsuit-against-apple--51114644While the new report suggested a potential suit could arrive by the end of the year, it also stressed that a final decision about if or when to sue Apple had not yet been made.
Apple’s tight control of its App Store has angered developers who want to be able to market their apps directly to consumers and take their own payments without having to pay commissions to Apple.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51114644Fri, 02 Sep 2022 08:45:05 +0000Africa Business RadioThe U.S. Department of Justice is in the early stages of drafting an antitrust lawsuit against Apple, according to sources cited by Politico in a report released just ahead of the weekend. While the new report suggested a potential suit could arrive...While the new report suggested a potential suit could arrive by the end of the year, it also stressed that a final decision about if or when to sue Apple had not yet been made.
Apple’s tight control of its App Store has angered developers who want to be able to market their apps directly to consumers and take their own payments without having to pay commissions to Apple.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>140africa_business_radio,apple,tech_news,u.sfalsefullhttps://www.spreaker.com/episode/new-rules-for-digital-lenders-in-kenya-aim-to-weed-out-bad-digital-credit-providers--51114640The chairman of the Digital Lenders Association of Kenya, Kevin Mutiso, sounded optimistic about the impending new regulatory environment, saying that it had already fostered investor confidence and will bolster growth in the sector.
Mutiso added that the association’s 16 members — including the market-dominant Tala and Zenka — are awaiting the required licenses to be fully compliant.
The regulations, set to come into effect on September 18, give Kenya’s apex bank, the Central Bank of Kenya, the requisite authority to police digital mobile lenders that have flooded the local market in the last few years.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51114640Fri, 02 Sep 2022 08:43:19 +0000Africa Business RadioDigital lenders in Kenya largely seem to be upbeat about the new Digital Credit Providers law, saying it will bring order to the sector. The chairman of the Digital Lenders Association of Kenya, Kevin Mutiso, sounded optimistic about the impending...The chairman of the Digital Lenders Association of Kenya, Kevin Mutiso, sounded optimistic about the impending new regulatory environment, saying that it had already fostered investor confidence and will bolster growth in the sector.
Mutiso added that the association’s 16 members — including the market-dominant Tala and Zenka — are awaiting the required licenses to be fully compliant.
The regulations, set to come into effect on September 18, give Kenya’s apex bank, the Central Bank of Kenya, the requisite authority to police digital mobile lenders that have flooded the local market in the last few years.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>148africa_business_radio,digital_lenders,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/flutterwave-loses-more-money-as-kenya-court-freezes-another-3-3-million--51114639A Kenyan High Court has frozen more accounts of Africa's biggest fintech startup, Flutterwave, over allegations of money laundering.
Kenya's authorities say the Nigerian firm had no approval to conduct cross-border payments in the country and accused it of fraud.
The court earlier ordered that its 29 bank accounts with Guaranty Trust Bank, 17 with Equity Bank and six with Ecobank be frozen.
The startup at the time dismissed the claim of financial impropriety against it as entirely false saying it had records to verify this.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51114639Fri, 02 Sep 2022 08:41:14 +0000Africa Business RadioA Kenyan court has ordered that another Ksh 400.6 million belonging to the startup be seized. A Kenyan High Court has frozen more accounts of Africa's biggest fintech startup, Flutterwave, over allegations of money laundering. Kenya's authorities...A Kenyan High Court has frozen more accounts of Africa's biggest fintech startup, Flutterwave, over allegations of money laundering.
Kenya's authorities say the Nigerian firm had no approval to conduct cross-border payments in the country and accused it of fraud.
The court earlier ordered that its 29 bank accounts with Guaranty Trust Bank, 17 with Equity Bank and six with Ecobank be frozen.
The startup at the time dismissed the claim of financial impropriety against it as entirely false saying it had records to verify this.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>152africa_business_radio,flutterwave,kenya,nigeria,start_up,tech_newsfalsefullhttps://www.spreaker.com/episode/eyowo-launches-digital-first-mastercard-for-digitally-driven-money-management-solutions--51114638As one of the pioneer partners in Nigeria to join Mastercard’s Digital First Card Program, Eyowo brings a best-in-class digital banking experience to its customers. This includes digital access to card information, unsurpassed payment security and access to a host of payment options (e-commerce, contactless and QR) from any digital device of their choice.
Eyowo customers can easily apply online and digitally receive their Better Card – including the 16-digit card number and expiration date.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51114638Fri, 02 Sep 2022 08:39:07 +0000Africa Business RadioEyowo unveiled its Digital First payment offering – the Better Card – which is certified by Mastercard. As one of the pioneer partners in Nigeria to join Mastercard’s Digital First Card Program, Eyowo brings a best-in-class digital banking...As one of the pioneer partners in Nigeria to join Mastercard’s Digital First Card Program, Eyowo brings a best-in-class digital banking experience to its customers. This includes digital access to card information, unsurpassed payment security and access to a host of payment options (e-commerce, contactless and QR) from any digital device of their choice.
Eyowo customers can easily apply online and digitally receive their Better Card – including the 16-digit card number and expiration date.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>135africa_business_radio,digital_card,mastercard,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/twitch-allows-partners-stream-on-rival-platforms-like-youtube-and-facebook--51035716Starting today, partners can now stream on YouTube, Facebook Live and more, just not while streaming on Twitch at the same time.
Twitch clarified that it doesn’t allow simulcasting on web-based, Twitch-like services that support streaming for extended periods of time, such as YouTube and Facebook, because it believes that engaging with two streams at once can lead to a suboptimal experience for viewers.
The company, however, says it’s aware that some partners want to use other services to grow their community, so simulcasting on TikTok and Instagram Live is allowed.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035716Fri, 26 Aug 2022 08:06:51 +0000Africa Business RadioTwitch is lifting its exclusivity agreement that prevented its partners from streaming on other services. Starting today, partners can now stream on YouTube, Facebook Live and more, just not while streaming on Twitch at the same time. Twitch...Starting today, partners can now stream on YouTube, Facebook Live and more, just not while streaming on Twitch at the same time.
Twitch clarified that it doesn’t allow simulcasting on web-based, Twitch-like services that support streaming for extended periods of time, such as YouTube and Facebook, because it believes that engaging with two streams at once can lead to a suboptimal experience for viewers.
The company, however, says it’s aware that some partners want to use other services to grow their community, so simulcasting on TikTok and Instagram Live is allowed.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>120facebook,streaming_platform,twitch,youtubefalsefullhttps://www.spreaker.com/episode/toyota-accepts-california-s-authority-to-set-emissions-standards-under-clean-air-act--51035714The move will make the Japanese automaker eligible for government fleet purchases by California.
Toyota continues to share the vision of greenhouse gas reduction and carbon neutrality goals with the California Air Resources Board and the State of California.
Toyota is certainly singing a different political and environmental tune than it has in the past.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035714Fri, 26 Aug 2022 08:04:41 +0000Africa Business RadioToyota has joined the growing list of automakers that have recognized the state of California’s authority to set vehicle emissions standards under the U.S. Clean Air Act. The move will make the Japanese automaker eligible for government fleet...The move will make the Japanese automaker eligible for government fleet purchases by California.
Toyota continues to share the vision of greenhouse gas reduction and carbon neutrality goals with the California Air Resources Board and the State of California.
Toyota is certainly singing a different political and environmental tune than it has in the past.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>108africa_business_radio,clean_air_act,tech_news,toyota,vehicle_emissionsfalsefullhttps://www.spreaker.com/episode/apple-samsung-partner-servify-raises-65-million-for-its-devices-after-sales-platform--51035710Singularity Growth Opportunity Fund led the Mumbai-headquartered startup’s Series D funding. AmTrust and family offices including Pidilite and existing investors Iron Pillar, Beenext, Blume Ventures and DMI Sparkle Fund also participated in the round.
Partner firms also use Servify’s eponymous platform to offer trade-ins, upgrade and financing programs to customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035710Fri, 26 Aug 2022 08:02:50 +0000Africa Business RadioServify, a startup that manages the lifecycle of devices for several popular smartphone vendors including Apple and Samsung in many markets, has raised $65 million as it eyes becoming a public company in two years. Singularity Growth Opportunity...Singularity Growth Opportunity Fund led the Mumbai-headquartered startup’s Series D funding. AmTrust and family offices including Pidilite and existing investors Iron Pillar, Beenext, Blume Ventures and DMI Sparkle Fund also participated in the round.
Partner firms also use Servify’s eponymous platform to offer trade-ins, upgrade and financing programs to customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>127africa_business_radio,apple,entrepreneurship,samsung,servify,startupfalsefullhttps://www.spreaker.com/episode/meta-officially-rolls-out-new-metaverse-id-system--51035708The global launch will be gradual, but both accounts are to be used in place of the personal social media account logins once used to log in to the company’s virtual reality system.
Users, new and old, of Meta’s VR devices, will be required to sign up for a Meta account to log in and access the metaverse.
The company is ditching the old way of logging on after complaints around privacy concerns arose regarding using personal social media accounts.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035708Fri, 26 Aug 2022 07:55:26 +0000Africa Business RadioMeta, formerly Facebook, has officially rolled out what it’s calling Meta accounts and Meta Horizon Profiles. The global launch will be gradual, but both accounts are to be used in place of the personal social media account logins once used to log...The global launch will be gradual, but both accounts are to be used in place of the personal social media account logins once used to log in to the company’s virtual reality system.
Users, new and old, of Meta’s VR devices, will be required to sign up for a Meta account to log in and access the metaverse.
The company is ditching the old way of logging on after complaints around privacy concerns arose regarding using personal social media accounts.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>116africa_business_radio,facebook,meta,metaverse_id,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-reserve-bank-approves-crypto-asset-service-providers--51035707The central bank says that it is aware that certain banks in the country have previously opted to terminate the bank/customer relationship with CASPs.
The banks opted for this termination because of the risks of money laundering, terrorism financing and proliferation financing that come with the CASPs’ lack of formal regulatory requirements.
Th Bank states that de-risking may pose a threat to the country’s financial integrity.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035707Fri, 26 Aug 2022 07:51:54 +0000Africa Business RadioThe South Africa Reserve Bank’s Prudential Authority has issued a guidance note to banks for dealing with transactions by crypto asset service providers. The central bank says that it is aware that certain banks in the country have previously opted...The central bank says that it is aware that certain banks in the country have previously opted to terminate the bank/customer relationship with CASPs.
The banks opted for this termination because of the risks of money laundering, terrorism financing and proliferation financing that come with the CASPs’ lack of formal regulatory requirements.
Th Bank states that de-risking may pose a threat to the country’s financial integrity.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>111africa_business_radio,cryptocurrency_service,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/binance-users-can-now-make-south-african-rand-deposits-and-withdrawals--51035706Binance says this is meant to increase the region's adoption and mainstream accessibility of crypto.
Binance stated that the service would be rolled out in 2 phases. Phase 1, which went live with immediate effect enables Binance users to deposit ZAR into their Binance wallets and convert ZAR to bitcoin, binance USD, Ethereum, tether and binance coin.
Phase 2 will include ZAR fiat withdrawals for all Binance users and will be launched on August 25

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035706Fri, 26 Aug 2022 07:48:52 +0000Africa Business RadioThe world’s largest cryptocurrency exchange by volume of transactions, Binance, has announced that its users will now be able to deposit and withdraw the South African Rand to and from their Binance wallets. Binance says this is meant to increase...Binance says this is meant to increase the region's adoption and mainstream accessibility of crypto.
Binance stated that the service would be rolled out in 2 phases. Phase 1, which went live with immediate effect enables Binance users to deposit ZAR into their Binance wallets and convert ZAR to bitcoin, binance USD, Ethereum, tether and binance coin.
Phase 2 will include ZAR fiat withdrawals for all Binance users and will be launched on August 25

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>128africa_business_radio,binance,bitcoin,cryptocurrency,ethereum,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-e-commerce-platform-omnibiz-raises-15-million-pre-series-a--51035705The raise is structured as a $5M equity and $10M debt investment deal and saw participation from Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital, and Musha Ventures.
Omnibiz provides retailers with a fully integrated digital platform. Retailers can purchase and restock conveniently from over 200 product brands, such as Coca-Cola and Nestle, through the Omnibiz app.
Deepankar Rustagi, CEO and co-founder of Omnibiz, said that this funding came about because existing investors motivated the company to raise a pre-Series A.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035705Fri, 26 Aug 2022 07:44:05 +0000Africa Business RadioOmnibiz, a Nigerian B2B e-commerce company, has recently secured a $15 million pre-Series A investment led by Timon Capital. The raise is structured as a $5M equity and $10M debt investment deal and saw participation from Ventures Platform, Lofty...The raise is structured as a $5M equity and $10M debt investment deal and saw participation from Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital, and Musha Ventures.
Omnibiz provides retailers with a fully integrated digital platform. Retailers can purchase and restock conveniently from over 200 product brands, such as Coca-Cola and Nestle, through the Omnibiz app.
Deepankar Rustagi, CEO and co-founder of Omnibiz, said that this funding came about because existing investors motivated the company to raise a pre-Series A.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>132africa_business_radio,e-commerce,equity,investment,nigeria,seed_fundingfalsefullhttps://www.spreaker.com/episode/women-s-only-ride-hailing-platform-herryde-launches-in-abuja--51035704They said the company’s idea came from their collective desire to change the reality that too many women get harassed and abused on ride-hailing trips.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035704Fri, 26 Aug 2022 07:39:43 +0000Africa Business RadioThe company’s co-founders Monsurah Oluwafuyi, COO Muhammad Muazu, and Chief Product Officer Kamaldeen Ibrahim, say the company is providing a safer option for female drivers and riders while creating work opportunities for more women. They said the...They said the company’s idea came from their collective desire to change the reality that too many women get harassed and abused on ride-hailing trips.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>122africa_business_radio,herryde,ride-hailing,tech_news,women_empowermentfalsefullhttps://www.spreaker.com/episode/bolt-scales-down-its-operations-in-tanzania-as-uber-leaves-market--51035703Bolt has restricted their business activities to corporate clients only.
Tanzania’s Land Transport Regulatory Authority mandated ride-hailing operators to collect a maximum of 15% from their drivers.
Bolt agreed, citing that it was only doing so to buy time for stakeholders’ negotiations and reconsiderations. It also stated that there was hardly a future for the company in Tanzania, should LATRA maintain its order.
To remain in the East African country, Bolt has now adjusted its business model, restricting its business activities to corporate clients only.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/51035703Fri, 26 Aug 2022 07:36:17 +0000Africa Business RadioBolt, the ride-sharing business valued at $8.4 billion, almost witnessed a crushing fate to its operations in Tanzania due to regulations from the country’s authorities. Bolt has restricted their business activities to corporate clients only....Bolt has restricted their business activities to corporate clients only.
Tanzania’s Land Transport Regulatory Authority mandated ride-hailing operators to collect a maximum of 15% from their drivers.
Bolt agreed, citing that it was only doing so to buy time for stakeholders’ negotiations and reconsiderations. It also stated that there was hardly a future for the company in Tanzania, should LATRA maintain its order.
To remain in the East African country, Bolt has now adjusted its business model, restricting its business activities to corporate clients only.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>134africa,africa_business_radio,bolt,business,tanzania,tech_news,uberfalsefullhttps://www.spreaker.com/episode/former-twitter-employee-found-guilty-of-spying-for-saudi-arabia--50894089The employee, U.S. resident Ahmad Abouammo, was also convicted by a jury of conspiracy to commit wire fraud, falsifying records and money laundering. He faces up to 20 years in prison.
According to the federal complaint, he and another Twitter employee, Ali Alzabarah, were approached by the Saudi government and offered cash and luxury goods for their cooperation in collecting personal information on Twitter users of interest.
According to Bloomberg, the prosecution was not allowed to instruct the jury directly about the brutal punishment that Saudi Arabia doles out to its critics, but they were able to gesture toward that reputation through witnesses, including a woman who described how her brother disappeared in 2018 after criticizing the country on Twitter.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50894089Fri, 12 Aug 2022 08:03:44 +0000Africa Business RadioA former Twitter employee suspected of spying on behalf of Saudi Arabia was found guilty. The employee, U.S. resident Ahmad Abouammo, was also convicted by a jury of conspiracy to commit wire fraud, falsifying records and money laundering. He faces...The employee, U.S. resident Ahmad Abouammo, was also convicted by a jury of conspiracy to commit wire fraud, falsifying records and money laundering. He faces up to 20 years in prison.
According to the federal complaint, he and another Twitter employee, Ali Alzabarah, were approached by the Saudi government and offered cash and luxury goods for their cooperation in collecting personal information on Twitter users of interest.
According to Bloomberg, the prosecution was not allowed to instruct the jury directly about the brutal punishment that Saudi Arabia doles out to its critics, but they were able to gesture toward that reputation through witnesses, including a woman who described how her brother disappeared in 2018 after criticizing the country on Twitter.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>111africa_business_radio,industry_spy,saudi_arabia,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/department-of-justice-prepping-an-antitrust-suit-against-google-over-its-ad-business--50894086The DOJ could sue Google as soon as next month, according to the report, which details that the lawsuit will be filed in federal court in either Washington or New York.
Bloomberg reports that DOJ antitrust lawyers are in the process of wrapping up interviews with publishers after years of work that will ultimately culminate in the coming lawsuit.
The Biden administration went out of its way to name a prominent Google critic, Jonathan Kanter, to lead the DOJ’s antitrust division.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50894086Fri, 12 Aug 2022 07:57:26 +0000Africa Business RadioThe Department of Justice is preparing a second major antitrust suit against Google, according to new reporting by Bloomberg. The DOJ could sue Google as soon as next month, according to the report, which details that the lawsuit will be filed in...The DOJ could sue Google as soon as next month, according to the report, which details that the lawsuit will be filed in federal court in either Washington or New York.
Bloomberg reports that DOJ antitrust lawyers are in the process of wrapping up interviews with publishers after years of work that will ultimately culminate in the coming lawsuit.
The Biden administration went out of its way to name a prominent Google critic, Jonathan Kanter, to lead the DOJ’s antitrust division.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>122africa_business_radio,antitrust_suit,bloomberg,google,tech_newsfalsefullhttps://www.spreaker.com/episode/elon-musk-sells-nearly-7-billion-in-tesla-shares--50894085The executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since April, when he disposed of 9.6 million shares, worth about $8.5 billion.
Musk appears to be selling the shares to stock up on cash in case he’s forced to go through on his $44 billion Twitter acquisition.
Musk says that if the Twitter deal doesn’t close, he’ll buy back his shares.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50894085Fri, 12 Aug 2022 07:52:23 +0000Africa Business RadioTesla CEO Elon Musk is at it again selling shares of his electric vehicle company, per regulatory filings. The executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since April,...The executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since April, when he disposed of 9.6 million shares, worth about $8.5 billion.
Musk appears to be selling the shares to stock up on cash in case he’s forced to go through on his $44 billion Twitter acquisition.
Musk says that if the Twitter deal doesn’t close, he’ll buy back his shares.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>111africa_business_radio,elon_musk,stock,tech_news,teslafalsefullhttps://www.spreaker.com/episode/snapchat-launches-in-india-at-a-costs-of-62-cents--50894084The launch of the subscription offering, priced in India at 49 Indian rupees, follows Snap introducing the $4 subscription offering in the U.S., the UK and Canada among a few other key markets in late June.
Lakshya Malu, Interim – Market Development Lead, Snap, says India is an important market for Snap, and investments in localizing the app experience have been key to our growth in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50894084Fri, 12 Aug 2022 07:48:05 +0000Africa Business RadioSnap launched the paid version of its widely used social media service in India, bringing its exclusive and experimental features offering to the South Asian nation for just 62 cents a month as it looks to supercharge its customer base by attempting...The launch of the subscription offering, priced in India at 49 Indian rupees, follows Snap introducing the $4 subscription offering in the U.S., the UK and Canada among a few other key markets in late June.
Lakshya Malu, Interim – Market Development Lead, Snap, says India is an important market for Snap, and investments in localizing the app experience have been key to our growth in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>117africa_business_radio,india,snapchat,social_media,tech_newsfalsefullhttps://www.spreaker.com/episode/south-africa-s-dataprophet-closes-10m-to-scale-its-ai-platform-for-manufacturers--50894083Cronje, the company’s CEO, says that DataProphet’s focus on providing end-to-end prescriptive AI for manufacturing plants to improve their yield started in 2017.
The company provides prescriptive advice and suggested changes to manufacturers’ recipes to avoid making the defects that cause their products to be scrapped or reworked.
The company says its flagship AI solution, PRESCRIBE, has helped its clients experience a significant and practical impact on the factory floor, reducing the cost of non-quality by an average of 40%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50894083Fri, 12 Aug 2022 07:40:49 +0000Africa Business RadioDataProphet, the South African firm, founded by Frans Cronje and Daniel Schwartzkopff, provides AI-as-a-service software in the manufacturing sector and is announcing the completion of its $10 million Series A round. Cronje, the company’s CEO, says...Cronje, the company’s CEO, says that DataProphet’s focus on providing end-to-end prescriptive AI for manufacturing plants to improve their yield started in 2017.
The company provides prescriptive advice and suggested changes to manufacturers’ recipes to avoid making the defects that cause their products to be scrapped or reworked.
The company says its flagship AI solution, PRESCRIBE, has helped its clients experience a significant and practical impact on the factory floor, reducing the cost of non-quality by an average of 40%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>134africa_business_radio,artificial_intelligence,seed_funding,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-spends-2-35bn-on-phone-importation--50894082The nation spent $807.95m on the importation of phone sets in 2019, $765.57m in 2020 and $772.25m in 2021, the ITC, which is an international body that focuses on trade.
The body explained that the imported telephone sets included: smartphones, facsimile machines for line telephony, teleprinters, parts of telephone sets, and more.
The data further revealed that most of the phone sets coming into the country were from China ($1.71bn in the time under review).
The nation also imports from other nations such as Hong Kong, Sweden, the United States, Netherlands, Vietnam, Mexico, and others.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50894082Fri, 12 Aug 2022 07:37:58 +0000Africa Business RadioNigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent $807.95m on the importation of phone sets in 2019, $765.57m in 2020 and $772.25m in 2021, the ITC, which is an...The nation spent $807.95m on the importation of phone sets in 2019, $765.57m in 2020 and $772.25m in 2021, the ITC, which is an international body that focuses on trade.
The body explained that the imported telephone sets included: smartphones, facsimile machines for line telephony, teleprinters, parts of telephone sets, and more.
The data further revealed that most of the phone sets coming into the country were from China ($1.71bn in the time under review).
The nation also imports from other nations such as Hong Kong, Sweden, the United States, Netherlands, Vietnam, Mexico, and others.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>156africa_business_radio,international_trade,nigeria,tech_news,telephone_importfalsefullhttps://www.spreaker.com/episode/nigerians-warned-against-compromised-google-play-store-hidden-ads-malware--50894081NCC-CSIRT classified the virus as high in probability and damage potential first identified by the McAfee Mobile Research Team.
The malware infiltrated the Google Play Store through several device cleaners or optimization apps.
The NCC security team warned that it could run malicious services without the user opening the app. It also spams the user with irrelevant advertisements.
Permanent Secretary, Ministry of Communications and Digital Economy, Dr William Alo, say of a truth, that the quality of service has improved tremendously over the past few years now and that the Commission deserves a pat on the back for what it has done in that direction.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50894081Fri, 12 Aug 2022 07:35:23 +0000Africa Business RadioThe Computer Security Incident Response Team of the Nigerian Communications Commission has flagged a new malware, HiddenAds, which has infiltrated Google Play Store that can impact device performance and jeopardise users’ privacy. NCC-CSIRT...NCC-CSIRT classified the virus as high in probability and damage potential first identified by the McAfee Mobile Research Team.
The malware infiltrated the Google Play Store through several device cleaners or optimization apps.
The NCC security team warned that it could run malicious services without the user opening the app. It also spams the user with irrelevant advertisements.
Permanent Secretary, Ministry of Communications and Digital Economy, Dr William Alo, say of a truth, that the quality of service has improved tremendously over the past few years now and that the Commission deserves a pat on the back for what it has done in that direction.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>178africa_business_radio,google_playstore,nigeria,spy_ware,tech_newsfalsefullhttps://www.spreaker.com/episode/shopify-makes-100m-strategic-investment-in-marketing-automation-startup-klaviyo--50821910Klaviyo CEO Andrew Bialecki says that Klaviyo and Shopify will strengthen their existing partnership by making Klaviyo the recommended email product for Shopify’s premium merchant plan, Shopify Plus while granting Klaviyo early access to in-development Shopify features.
He says Shopify’s been key to their growth and a great team to work with and they are excited that this will help them go faster in helping more of their customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50821910Fri, 05 Aug 2022 10:30:09 +0000Africa Business RadioThe U.S. Securities and Exchange Commission says E-commerce marketing automation platform Klaviyo has received a $100 million strategic investment from Shopify. Klaviyo CEO Andrew Bialecki says that Klaviyo and Shopify will strengthen their existing...Klaviyo CEO Andrew Bialecki says that Klaviyo and Shopify will strengthen their existing partnership by making Klaviyo the recommended email product for Shopify’s premium merchant plan, Shopify Plus while granting Klaviyo early access to in-development Shopify features.
He says Shopify’s been key to their growth and a great team to work with and they are excited that this will help them go faster in helping more of their customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>110africa_business_radio,e-commerce,klaviyo,podcast,shoptify,tech_newsfalsefullhttps://www.spreaker.com/episode/sensitive-data-ruling-by-europe-s-top-court-could-force-broad-privacy-reboot--50821909The impacts could be even broader with privacy law experts suggesting the judgement could dial up the legal risk for a variety of other forms of online processing, from dating apps to location tracking and more.
The referral to the Court of Justice of the EU relates to a Lithuanian case concerning national anti-corruption legislation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50821909Fri, 05 Aug 2022 10:18:23 +0000Africa Business RadioA ruling put out by the European Union’s top court could have major implications for online platforms that use background tracking and profiling to target users with behavioural ads or to feed recommender engines that are designed to surface so-called...The impacts could be even broader with privacy law experts suggesting the judgement could dial up the legal risk for a variety of other forms of online processing, from dating apps to location tracking and more.
The referral to the Court of Justice of the EU relates to a Lithuanian case concerning national anti-corruption legislation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>122africa_business_radio,corruption,european_union,tech_newsfalsefullhttps://www.spreaker.com/episode/digital-realty-completes-majority-stake-acquisition-in-teraco--50821908Digital Realty acquired the stake from a consortium of investors, including Berkshire Partners and Permira, in a transaction valuing Teraco at approximately $3.5 billion.
The acquisition adds South Africa to Digital Realty’s 3 existing markets on the continent, including Kenya, Mozambique, and Nigeria.
A. William Stein, chief executive officer at Digital Realty, says that the acquisition of Teraco gives the company significant regional scale and access to a premier, high-quality portfolio in Africa’s largest market which will enhance its ability to serve growing customer demand for connectivity in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50821908Fri, 05 Aug 2022 10:12:04 +0000Africa Business RadioDigital Realty, an American global provider of cloud and carrier-neutral data centres, announced the successful completion of an agreement to acquire a majority interest in Teraco, a carrier-neutral data centre and interconnection services provider in...Digital Realty acquired the stake from a consortium of investors, including Berkshire Partners and Permira, in a transaction valuing Teraco at approximately $3.5 billion.
The acquisition adds South Africa to Digital Realty’s 3 existing markets on the continent, including Kenya, Mozambique, and Nigeria.
A. William Stein, chief executive officer at Digital Realty, says that the acquisition of Teraco gives the company significant regional scale and access to a premier, high-quality portfolio in Africa’s largest market which will enhance its ability to serve growing customer demand for connectivity in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>127africa,africa_business_radio,data_centres,digital_reality,tech_newsfalsefullhttps://www.spreaker.com/episode/kenya-s-central-bank-orders-banks-to-cease-their-partnerships-with-flutterwave-and-chipper-cash--50821905Matu Mugo, deputy director of bank supervision at the CBK, says the two companies have been engaging in Money Remittance and Payment Services without licensing and authorisation by CBK.
Flutterwave however says that it entered Kenya through a partnership with banks and mobile operators licensed by the Central Bank of Kenya.
The company also claimed that it submitted an application to operate as a payment service provider in the country and has been in constant engagement with the CBK to ensure that it provides all the requirements for licensing and is consequently awaiting the issuance of the license.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50821905Fri, 05 Aug 2022 09:51:03 +0000Africa Business RadioThe Central Bank of Kenya has ordered commercial banks, microfinance banks, and mortgage finance companies to immediately end their partnerships with fintech unicorns, Flutterwave and Chipper Cash. Matu Mugo, deputy director of bank supervision at...Matu Mugo, deputy director of bank supervision at the CBK, says the two companies have been engaging in Money Remittance and Payment Services without licensing and authorisation by CBK.
Flutterwave however says that it entered Kenya through a partnership with banks and mobile operators licensed by the Central Bank of Kenya.
The company also claimed that it submitted an application to operate as a payment service provider in the country and has been in constant engagement with the CBK to ensure that it provides all the requirements for licensing and is consequently awaiting the issuance of the license.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>129africa_business_radio,chipper_cash,flutterwave,kenya,podcast,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-government-considers-5-tax-on-call-text-data--50821903The Association of Licensed Telecoms Operators of Nigeria, ALTON, Association of Telecommunications Companies of Nigeria, ATCON, and National Association of Telecoms Subscribers, NATCOMS, have kicked against the move, describing it as anti-people, provocative, strange, insensitive and irresponsible.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50821903Fri, 05 Aug 2022 09:43:12 +0000Africa Business RadioNigerian telecommunications consumers may need to tighten their belts in the days ahead, as the Federal Government has concluded  plans  to impose a 5% excise duty on all telecommunications services ranging from calls, and SMS to data services.  The...The Association of Licensed Telecoms Operators of Nigeria, ALTON, Association of Telecommunications Companies of Nigeria, ATCON, and National Association of Telecoms Subscribers, NATCOMS, have kicked against the move, describing it as anti-people, provocative, strange, insensitive and irresponsible.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>136africa_business_radio,data_service,nigeria,tax,tech_newsfalsefullhttps://www.spreaker.com/episode/huawei-partners-firm-to-targets-tech-solutions--50821902It says this informed its decision to partner with Huawei and enhance the growth of the sector.
The Managing Director, Soft Alliance, Dr Bisi Aina, says its Human Capital Management Solutions, SoftSUITE and SoftPAY, were designed to handle human resources administration and bulk payments by the management.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50821902Fri, 05 Aug 2022 09:37:35 +0000Africa Business RadioA technology company, Soft Alliance, has expressed its commitment to providing tech solutions and enhancing the growth of the Information and Technology sector in Nigeria. It says this informed its decision to partner with Huawei and enhance the...It says this informed its decision to partner with Huawei and enhance the growth of the sector.
The Managing Director, Soft Alliance, Dr Bisi Aina, says its Human Capital Management Solutions, SoftSUITE and SoftPAY, were designed to handle human resources administration and bulk payments by the management.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>108africa_business_radio,huawei,news,podcast,soft_alliance,techfalsefullhttps://www.spreaker.com/episode/nigerian-communications-commission-spent-n500m-on-research-innovation--50821899Executive Vice Chairman of the Nigerian Communications Commission, Prof Umar Danbatta says the funds have been committed to research grants to universities and tertiary institutions, including professorial chairs in the universities in salient areas to drive development in the Nigerian telecommunications industry.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50821899Fri, 05 Aug 2022 09:34:06 +0000Africa Business RadioThe Nigerian Communications Commission has committed over N500 million to the Nigerian universities and other tertiary institutions across the country to facilitate research and innovations. Executive Vice Chairman of the Nigerian Communications...Executive Vice Chairman of the Nigerian Communications Commission, Prof Umar Danbatta says the funds have been committed to research grants to universities and tertiary institutions, including professorial chairs in the universities in salient areas to drive development in the Nigerian telecommunications industry.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,education,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/major-telecommunication-company-in-nigerian-invest-n443billion-in-4g-5g--50821898MTN says it has invested N311.6bn and Airtel disclosed it has invested N131.70bn within the first six months in infrastructure.
MTN says capital expenditure in the period was N311.6bn, up by 67.1 per cent, due to accelerated coverage expansion, focusing on the 4G and 5G networks as well as their rural telephony programme.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50821898Fri, 05 Aug 2022 09:17:06 +0000Africa Business RadioMTN Nigeria and Airtel in their half financial reports for 2022 disclosed that Nigerians are set to enjoy fast Internet as two telecommunication firms invest N443.30bn in 4G and 5G infrastructure across the nation. MTN says it has invested N311.6bn...MTN says it has invested N311.6bn and Airtel disclosed it has invested N131.70bn within the first six months in infrastructure.
MTN says capital expenditure in the period was N311.6bn, up by 67.1 per cent, due to accelerated coverage expansion, focusing on the 4G and 5G networks as well as their rural telephony programme.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>113africa_business_radio,airtel,internet,mtn,nigeria,podcast,tech_news,telecommunicationfalsefullhttps://www.spreaker.com/episode/netflix-to-cut-down-the-movies-available-for-its-ad-tier--50744635This comes after the streaming service company partnered with Microsoft to market an ad-supported tier in its subscription options.
Netflix’s co-CEO, Ted Sarandos, maintained that though the ad-supported tier will contain most of the movies on Netflix’s catalogue, some movies will remain exclusive to higher paying users of the platform.
Netflix initiated the ad-supported plan in response to declining subscriptions on its platform, which has reportedly lost about 970,000 subscribers in H1 of 2022 alone.
However, the idea of attracting new subscribers who will not have access to some of Netflix’s catalogs raises concerns about the decision hurting Netflix’s business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50744635Fri, 29 Jul 2022 07:37:46 +0000Africa Business RadioExecutives at Netflix have announced that its imminent ad-supported plan will not allow users to access all the movies currently on its catalog. This comes after the streaming service company partnered with Microsoft to market an ad-supported tier...This comes after the streaming service company partnered with Microsoft to market an ad-supported tier in its subscription options.
Netflix’s co-CEO, Ted Sarandos, maintained that though the ad-supported tier will contain most of the movies on Netflix’s catalogue, some movies will remain exclusive to higher paying users of the platform.
Netflix initiated the ad-supported plan in response to declining subscriptions on its platform, which has reportedly lost about 970,000 subscribers in H1 of 2022 alone.
However, the idea of attracting new subscribers who will not have access to some of Netflix’s catalogs raises concerns about the decision hurting Netflix’s business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>141ad_tier,africa_business_radio,microsoft,netflix,tech_newsfalsefullhttps://www.spreaker.com/episode/google-launches-street-view-in-india-after-years-of-rejection--50744634The company says it has partnered with local giants Genesys and Tech Mahindra to relaunch the service, which is now live in 10 Indian cities.
The company expects to roll out the service to 50 Indian cities by the end of the year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50744634Fri, 29 Jul 2022 07:34:47 +0000Africa Business RadioGoogle has relaunched Street View, the Google Maps feature that allows users to explore an area through 360-degree panoramic street-level images, in India more than a decade after it first rolled out the service in the South Asian market and roughly...The company says it has partnered with local giants Genesys and Tech Mahindra to relaunch the service, which is now live in 10 Indian cities.
The company expects to roll out the service to 50 Indian cities by the end of the year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>106africa_business_radio,google,india,podcast,tech_newsfalsefullhttps://www.spreaker.com/episode/expensive-internet-hinders-investor-activity-in-african-countries--50744633The Worldwide Mobile Pricing 2022 report, which surveyed 233 countries, shows that five of the 10 most expensive countries to buy mobile data in the world are in sub-Saharan Africa.
Internet is cheapest in Ghana at $0.61, followed by Somalia, Nigeria, Tanzania, Sudan, Eswatini, Kenya, and Mauritius.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50744633Fri, 29 Jul 2022 07:32:04 +0000Africa Business RadioA new report detailing the cost of mobile data in different markets across the world bears evidence of why internet users in most of Africa remain low despite the growing broadband internet coverage. The Worldwide Mobile Pricing 2022 report, which...The Worldwide Mobile Pricing 2022 report, which surveyed 233 countries, shows that five of the 10 most expensive countries to buy mobile data in the world are in sub-Saharan Africa.
Internet is cheapest in Ghana at $0.61, followed by Somalia, Nigeria, Tanzania, Sudan, Eswatini, Kenya, and Mauritius.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>129africa,africa_business_radio,internet_coverage,internet_usage,podcast,tech_newsfalsefullhttps://www.spreaker.com/episode/meta-raises-the-price-of-quest-2-virtual-reality-headsets-by-100--50744632Starting on August 1st, the Meta Quest 2 will cost $399.99 USD for the 128GB version, which is a $100 increase from the current $299.99 price tag. The 256GB version will cost $499.99, up from the current $399.99 cost.
The company has also warned that it’s increasing the price for Meta Quest 2 accessories and refurbished units.
The company says the costs to make and ship our products have been on the rise adding that by adjusting the price of Quest 2, they can continue to grow their investment in groundbreaking research and new product development that pushes the VR industry to new heights.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50744632Fri, 29 Jul 2022 07:29:08 +0000Africa Business RadioMeta announced that it’s raising the price of its Quest 2 virtual reality headsets due to increased production costs. Starting on August 1st, the Meta Quest 2 will cost $399.99 USD for the 128GB version, which is a $100 increase from the current...Starting on August 1st, the Meta Quest 2 will cost $399.99 USD for the 128GB version, which is a $100 increase from the current $299.99 price tag. The 256GB version will cost $499.99, up from the current $399.99 cost.
The company has also warned that it’s increasing the price for Meta Quest 2 accessories and refurbished units.
The company says the costs to make and ship our products have been on the rise adding that by adjusting the price of Quest 2, they can continue to grow their investment in groundbreaking research and new product development that pushes the VR industry to new heights.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>125africa_business_radio,meta,podcast,tech_news,virtual_realityfalsefullhttps://www.spreaker.com/episode/justalk-disclose-millions-of-user-messages-and-locations-for-months--50744631The messaging app has around 20 million international users, while Google Play lists JusTalk Kids, billed as a child-friendly version of its messaging app, and has racked up over 1 million Android downloads.
JusTalk says both its messaging apps are end-to-end encrypted and boasts on its website that only you and the person you communicate with can see, read or listen to them
Security researcher Anurag Sen found the exposed database reports and said a logging database used by the company for keeping track of bugs and errors with the apps was left on the internet without a password.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50744631Fri, 29 Jul 2022 07:26:34 +0000Africa Business RadioPopular messaging app JusTalk left a huge database of unencrypted private messages publicly exposed to the internet without a password for months. The messaging app has around 20 million international users, while Google Play lists JusTalk Kids,...The messaging app has around 20 million international users, while Google Play lists JusTalk Kids, billed as a child-friendly version of its messaging app, and has racked up over 1 million Android downloads.
JusTalk says both its messaging apps are end-to-end encrypted and boasts on its website that only you and the person you communicate with can see, read or listen to them
Security researcher Anurag Sen found the exposed database reports and said a logging database used by the company for keeping track of bugs and errors with the apps was left on the internet without a password.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>144africa_business_radio,data_collection,data_privacy,justalk,podcast,tech_newsfalsefullhttps://www.spreaker.com/episode/vantage-data-centers-launches-hyperscale-data-centre-in-south-africa--50744629The project, which was launched in 2021, was delivered in 10 months, 10 days ahead of schedule, with zero lost-time incidents over 1.5 million working hours.
Justin Jenkins, chief operating officer of EMEA at Vantage Data Centres, mentioned that the project’s rapid completion allows the company to more quickly meet the demand for hyperscale data centres in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50744629Fri, 29 Jul 2022 07:21:51 +0000Africa Business RadioVantage Data Centers has announced the completion of a hyperscale data centre which is located within its 80MW campus in Johannesburg, South Africa. The project, which was launched in 2021, was delivered in 10 months, 10 days ahead of schedule, with...The project, which was launched in 2021, was delivered in 10 months, 10 days ahead of schedule, with zero lost-time incidents over 1.5 million working hours.
Justin Jenkins, chief operating officer of EMEA at Vantage Data Centres, mentioned that the project’s rapid completion allows the company to more quickly meet the demand for hyperscale data centres in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa_business_radio,data_center,podcast,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/ubenwa-raises-2-5-million-to-diagnose-infants-by-interpreting-their-cries--50744628Ubenwa’s CEO described Ubenwa’s solution as one that helps distinguish an infant’s natural cries from the disease-causing cries for help.
Ubenwa has developed algorithms to track cry activity, detect acoustic biomarkers, and predict anomalies, thereby converting infant cries to potential diagnoses. In a successful pilot to detect neurological injury due to birth asphyxia.
Ubenwa’s software showed a 40% improvement over APGAR scoring, the widely canonised physical examination at birth.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50744628Fri, 29 Jul 2022 07:18:26 +0000Africa Business RadioUbenwa, an innovative health-tech startup that leverages artificial intelligence and machine learning to diagnose infants within 0–6 months of age, has locked in $2.5 million in pre-seed funding to scale its operations and materialise its go-to-market...Ubenwa’s CEO described Ubenwa’s solution as one that helps distinguish an infant’s natural cries from the disease-causing cries for help.
Ubenwa has developed algorithms to track cry activity, detect acoustic biomarkers, and predict anomalies, thereby converting infant cries to potential diagnoses. In a successful pilot to detect neurological injury due to birth asphyxia.
Ubenwa’s software showed a 40% improvement over APGAR scoring, the widely canonised physical examination at birth.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>149africa_business_radio,artificial_intelligence,health_tech,tech_news,ubenwafalsefullhttps://www.spreaker.com/episode/max-partners-with-yamaha-to-expand-operations-across-the-continent--50744627The partnership will expand Max’s operations in Nigeria, Ghana, and Cameroon and fast-track its goal of serving 100,000 independent commercial drivers by the end of 2023.
Adetayo Bamiduro, co-founder and CEO of MAX, says the partnership with MBSN and the Yamaha Motor Corporation demonstrates their shared commitment to democratizing access to vehicle subscriptions and enabling entrepreneurs across Africa to unleash development by moving people and goods safely and reliably from point A to point B

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50744627Fri, 29 Jul 2022 07:14:02 +0000Africa Business RadioMax has announced a partnership with Yamaha’s Nigerian subsidiary, Moto Business Service Nigeria, to finance and maintain over 50,000 vehicles over the next 2 years. The partnership will expand Max’s operations in Nigeria, Ghana, and Cameroon and...The partnership will expand Max’s operations in Nigeria, Ghana, and Cameroon and fast-track its goal of serving 100,000 independent commercial drivers by the end of 2023.
Adetayo Bamiduro, co-founder and CEO of MAX, says the partnership with MBSN and the Yamaha Motor Corporation demonstrates their shared commitment to democratizing access to vehicle subscriptions and enabling entrepreneurs across Africa to unleash development by moving people and goods safely and reliably from point A to point B

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>130africa,africa_business_radio,max,nigeria,tech_news,yamahafalsefullhttps://www.spreaker.com/episode/google-introduces-new-in-app-purchase-policy-for-eea-users--50678641The company’s move comes after the European Parliament passed the Digital Markets Act earlier this month to force tech giants like Google, Apple, Meta, and Amazon to follow fair and open market practices.
The company said this new act will force Google Play and other industry players to adjust their current operating model for users in the European Economic Area.
The company says developers will get a 3% relief from the fee they have to pay to Google Play while processing in-app transactions.
The firm charges 15% for any developer on their first $1 million revenue of the year — that will now reduce to 12% if they adopt a third-party payment system. For anything more than that developers will have to pay a 27% fee instead of 30%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678641Fri, 22 Jul 2022 14:28:50 +0000Africa Business RadioGoogle says it will allow developers of non-gaming apps on the Play Store to provide alternative billing systems for in-app transactions and purchases for users based in the European Economic Area. The company’s move comes after the European...The company’s move comes after the European Parliament passed the Digital Markets Act earlier this month to force tech giants like Google, Apple, Meta, and Amazon to follow fair and open market practices.
The company said this new act will force Google Play and other industry players to adjust their current operating model for users in the European Economic Area.
The company says developers will get a 3% relief from the fee they have to pay to Google Play while processing in-app transactions.
The firm charges 15% for any developer on their first $1 million revenue of the year — that will now reduce to 12% if they adopt a third-party payment system. For anything more than that developers will have to pay a 27% fee instead of 30%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>129africa_business_radio,amazon,apple,digital_market,european_economic_area,google,meta,play_store,tech_newsfalsefullhttps://www.spreaker.com/episode/microsoft-launches-its-cloud-for-sovereignty--50678636The company says public sector customers can harness the full power of Microsoft Cloud, including broad platform capabilities, resiliency, agility and security.
The company says with the addition of Microsoft Cloud for Sovereignty, they will have greater control over their data and increased transparency to the operational and governance processes of the cloud.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678636Fri, 22 Jul 2022 14:26:42 +0000Africa Business RadioMicrosoft announced the launch of the Microsoft Cloud for Sovereignty, a new solution for public sector customers especially in Europe who need to be able to guarantee that their users’ data is stored and processed in a given region. The company says...The company says public sector customers can harness the full power of Microsoft Cloud, including broad platform capabilities, resiliency, agility and security.
The company says with the addition of Microsoft Cloud for Sovereignty, they will have greater control over their data and increased transparency to the operational and governance processes of the cloud.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa,africa_business_radio,cloud,microsoft,tech_newsfalsefullhttps://www.spreaker.com/episode/vc-firm-tribe-capital-raises-25m-to-launch-crypto-incubator-program--50678635The firm has approximately $1.5 billion in assets under management and has previously made investments in crypto companies like crypto exchanges FTX and Kraken and blockchains like Cosmos and Frax.
He says they saw the chance to take a more proactive approach and started thinking about an incubation strategy while adding that the incubation program aims to collaborate with crypto developers while using its team’s tech and ops background to create and accelerate early-stage investment opportunities in the crypto space.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678635Fri, 22 Jul 2022 14:22:05 +0000Africa Business RadioCEO Arjun Sethi of Tribe Capital has raised $25 million from outside investors and has launched its incubator program, Tribe Crypto Labs. The firm has approximately $1.5 billion in assets under management and has previously made investments in crypto...The firm has approximately $1.5 billion in assets under management and has previously made investments in crypto companies like crypto exchanges FTX and Kraken and blockchains like Cosmos and Frax.
He says they saw the chance to take a more proactive approach and started thinking about an incubation strategy while adding that the incubation program aims to collaborate with crypto developers while using its team’s tech and ops background to create and accelerate early-stage investment opportunities in the crypto space.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>107africa_business_radio,blockchain,crypto_space,ftx,tech_newsfalsefullhttps://www.spreaker.com/episode/kenyan-startup-duhqa-closes-2-million-seed-round--50678634This approach maximizes efficiency across the sales and supply distribution chain.
Its platform has onboarded over 5,000 merchants so far.
Duhqa has now closed a seed round of US$2 million, seven months later. The round attracted participation from CrossFund, Roselake Ventures, and Mo Angels. It also features a number of existing investors, including Techstars and strategic local angels.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678634Fri, 22 Jul 2022 14:19:36 +0000Africa Business RadioDuhqa is a B2B retail tech platform that empowers informal African merchants to digitally source and pay for inventory, get delivery conveniently, and access short-term financing. This approach maximizes efficiency across the sales and supply...This approach maximizes efficiency across the sales and supply distribution chain.
Its platform has onboarded over 5,000 merchants so far.
Duhqa has now closed a seed round of US$2 million, seven months later. The round attracted participation from CrossFund, Roselake Ventures, and Mo Angels. It also features a number of existing investors, including Techstars and strategic local angels.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>135africa,africa_business_radio,kenya,podcast,tech_news,tech_platformfalsefullhttps://www.spreaker.com/episode/cloud-service-provider-layer3-warns-tech-companies-against-hosting-data-abroad--50678630The  Chief Sales Officer of Layer3,  Theresa Adeyinka, says Nigeria loses up to N60 billion worth of foreign exchange to other countries annually in payments for web hosting alone, according to the Nigeria Internet Registration Association.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678630Fri, 22 Jul 2022 14:13:34 +0000Africa Business RadioA Nigerian-based indigenous cloud service provider has re-affirmed the need for Nigerian companies to host content locally, saying there are dangers associated with hosting data abroad. The  Chief Sales Officer of Layer3,  Theresa Adeyinka, says...The  Chief Sales Officer of Layer3,  Theresa Adeyinka, says Nigeria loses up to N60 billion worth of foreign exchange to other countries annually in payments for web hosting alone, according to the Nigeria Internet Registration Association.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>120africa,africa_business_radio,cloud_providers,nigeria,tech_news,web_hostingfalsefullhttps://www.spreaker.com/episode/binance-ceo-okays-africa-for-crypto-adoption--50678628He says blockchain provides a level of financial accessibility that isn’t currently available on the continent.
He says Africa is primed for crypto adoption as blockchain provides financial accessibility not currently available to lots of Africans.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678628Fri, 22 Jul 2022 14:11:17 +0000Africa Business RadioThe Chief Executive Officer of Binance, Changpeng Zhao, says Africa is ready for crypto adoption. He says blockchain provides a level of financial accessibility that isn’t currently available on the continent. He says Africa is primed for crypto...He says blockchain provides a level of financial accessibility that isn’t currently available on the continent.
He says Africa is primed for crypto adoption as blockchain provides financial accessibility not currently available to lots of Africans.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>100africa,africa_business_radio,binance,blockchain,crypto_adoption,tech_newsfalsefullhttps://www.spreaker.com/episode/funding-for-nigerian-tech-firms-drops-by-30--50678627Data from the database and insights firm which focuses on startup funding above $100,000 in Africa showed that of the big four in Africa — Nigeria, Egypt, South Africa, and Kenya—only Nigeria witnessed a dip in the quarter.
He explained that with rising interest rates in the United States, investors are diverting their funds to safe places like the US treasury bills than investing in uncertain markets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678627Fri, 22 Jul 2022 14:08:37 +0000Africa Business RadioAfrica: The Big Deal reports that Investment in Nigerian tech dropped by 30 percent towards the end of the second quarter of 2022 Data from the database and insights firm which focuses on startup funding above $100,000 in Africa showed that of the...Data from the database and insights firm which focuses on startup funding above $100,000 in Africa showed that of the big four in Africa — Nigeria, Egypt, South Africa, and Kenya—only Nigeria witnessed a dip in the quarter.
He explained that with rising interest rates in the United States, investors are diverting their funds to safe places like the US treasury bills than investing in uncertain markets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>140africa,africa_business_radio,investment,nigeria,seed_funding,start_up,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-prepares-for-internet-of-things-iot-regulation--50678625The Executive Vice Chairman of the Nigerian Communications Commission, Prof Umar Danbatta, defined IoT as a system of interrelated computing devices, mechanical and digital machines, objects, animals, or people that are provided with unique identifiers and the ability to transfer data over a network without requiring any human intervention.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678625Fri, 22 Jul 2022 14:06:51 +0000Africa Business RadioNigeria is set to regulate emerging technologies such as the Internet of Things as the nation enters a new phase of technological advancements. The Executive Vice Chairman of the Nigerian Communications Commission, Prof Umar Danbatta, defined IoT as...The Executive Vice Chairman of the Nigerian Communications Commission, Prof Umar Danbatta, defined IoT as a system of interrelated computing devices, mechanical and digital machines, objects, animals, or people that are provided with unique identifiers and the ability to transfer data over a network without requiring any human intervention.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>102africa,africa_business_radio,artificial_intelligence,internet_of_things,nigeria,tech_news,technologyfalsefullhttps://www.spreaker.com/episode/nigeria-s-consumers-with-high-speed-internet-jump-by-118--50678611The Nigerian Communications Commission says this was a 23.66 percentage point increase in broadband penetration from 20.01 percent in May 2017 to 43.67 percent in the corresponding month of 2022.
Within the time under review, mobile Internet subscribers increased by 63.58 percent from 91.57 million to 149.78 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50678611Fri, 22 Jul 2022 14:03:42 +0000Africa Business RadioThe number of Nigerians and other nationals within Nigeria with high-speed Internet (broadband subscription) increased by 118.24 percent from 38.19 million in May 2017 to 83.37 million in May 2022. The Nigerian Communications Commission says this was...The Nigerian Communications Commission says this was a 23.66 percentage point increase in broadband penetration from 20.01 percent in May 2017 to 43.67 percent in the corresponding month of 2022.
Within the time under review, mobile Internet subscribers increased by 63.58 percent from 91.57 million to 149.78 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>158africa,africa_business_radio,high_speed_internet,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/google-to-pay-us-app-developers-90-million-over-app-store-policies--50569547The proposed settlement is designed to address app developers' years-long allegations that Google imposes onerous and anticompetitive restrictions on app makers as a condition of hosting their apps on its Google Play Store.
Google says it would also clarify a commitment that it will not block app developers from trying to contact app users through email addresses or phone numbers collected through the apps, including about subscription offers or lower-cost offerings on a rival app store or the developer's website.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569547Thu, 14 Jul 2022 10:31:40 +0000Africa Business RadioGoogle says US Android app developers will be able to claim money from a new $90 million fund Google will establish as part of a wider settlement with app makers over the tech giant's app store practices. The proposed settlement is designed to...The proposed settlement is designed to address app developers' years-long allegations that Google imposes onerous and anticompetitive restrictions on app makers as a condition of hosting their apps on its Google Play Store.
Google says it would also clarify a commitment that it will not block app developers from trying to contact app users through email addresses or phone numbers collected through the apps, including about subscription offers or lower-cost offerings on a rival app store or the developer's website.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>121africa_business_radio,android_app,app_developers,google,store_regulations,tech_newsfalsefullhttps://www.spreaker.com/episode/uk-antitrust-officials-investigate-microsoft-s-68-7-billion-gaming-acquisition--50569546The probe into what would be Microsoft's biggest acquisition in its history will focus on whether the deal may substantially lessen competition — or create expectations that it might.
Microsoft has previously said it expects antitrust officials to scrutinize how the deal, announced in January, may affect competition in the video game industry, app stores, and even labor markets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569546Thu, 14 Jul 2022 10:26:07 +0000Africa Business RadioThe UK competition regulator announced the launch of an antitrust investigation into Microsoft's proposed $68.7 billion acquisition of video gaming giant Activision Blizzard. The probe into what would be Microsoft's biggest acquisition in its history...The probe into what would be Microsoft's biggest acquisition in its history will focus on whether the deal may substantially lessen competition — or create expectations that it might.
Microsoft has previously said it expects antitrust officials to scrutinize how the deal, announced in January, may affect competition in the video game industry, app stores, and even labor markets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>116acquisition,activicion_blizzard,africa_business_radio,competition_regulator,microsoft,tech_newsfalsefullhttps://www.spreaker.com/episode/federal-trade-commission-to-crack-down-on-medical-and-location-data-sharing--50569545Kristin Cohen, the FTC’s acting associate director in the Division of Privacy and Identity Protection, says the commission took particular aim at data brokers and third parties who share previously collected information.
Cohen says the extent to which highly personal information that people choose not to disclose even to family, friends, or colleagues is actually shared with complete strangers.
Cohen added that the Commission is committed to using the full scope of its legal authorities to protect consumers’ privacy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569545Thu, 14 Jul 2022 10:17:46 +0000Africa Business RadioThe Federal Trade Commission says it will step up to protect the privacy of consumers in a post-Roe America, declaring the agency is committed to fully enforcing the law against the illegal sharing of sensitive medical and location data. Kristin...Kristin Cohen, the FTC’s acting associate director in the Division of Privacy and Identity Protection, says the commission took particular aim at data brokers and third parties who share previously collected information.
Cohen says the extent to which highly personal information that people choose not to disclose even to family, friends, or colleagues is actually shared with complete strangers.
Cohen added that the Commission is committed to using the full scope of its legal authorities to protect consumers’ privacy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>126africa_business_radio,consumer_privacy,location_sharing,tech_news,trade_commissionfalsefullhttps://www.spreaker.com/episode/tiktok-pauses-privacy-policy-switch-in-europe-after-regulatory-scrutiny--50569167The Irish Data Protection Commission, TikTok’s lead privacy regulator for the European Union’s General Data Protection Regulation, said the pause follows engagement between the oversight office and the tech giant yesterday.
The development follows a formal warning to TikTok from Italy’s data protection watchdog, when the Italian regulator suggested the planned switch, away from asking users for their consent to run personalized ads to claiming it could process the data under a legal ground known as legitimate interest would breach the ePrivacy Directive — and, in its view, the GDPR too.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569167Thu, 14 Jul 2022 10:09:45 +0000Africa Business RadioTikTok has agreed to pause a controversial privacy policy update in Europe, which had been due to happen tomorrow, and would have meant the platform stopped asking users for their consent to be tracked to receive targeted advertising. The Irish Data...The Irish Data Protection Commission, TikTok’s lead privacy regulator for the European Union’s General Data Protection Regulation, said the pause follows engagement between the oversight office and the tech giant yesterday.
The development follows a formal warning to TikTok from Italy’s data protection watchdog, when the Italian regulator suggested the planned switch, away from asking users for their consent to run personalized ads to claiming it could process the data under a legal ground known as legitimate interest would breach the ePrivacy Directive — and, in its view, the GDPR too.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>138africa_business_radio,data_protection,europe,privacy_regulation,tech_news,tik_tokfalsefullhttps://www.spreaker.com/episode/cathay-innovation-launches-third-multi-stage-startup-fund-at-1-billion--50569166The new fund follows its $550 million second fund back in 2020, which — like the inaugural fund before that — was also a multi-stage fund.
Cathay Innovation CEO and cofounder Denis Barrier say despite the current market conditions and uncertainty, they are strong believers that the digital revolution will only continue to accelerate, and that leading tech companies will do extremely well, showing strong growth and pricing power.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569166Thu, 14 Jul 2022 10:07:54 +0000Africa Business RadioGlobal venture capital firm Cathay Innovation has announced its third fund, targeting €1 billion at a broad gamut of companies and technologies around the world. The new fund follows its $550 million second fund back in 2020, which — like the...The new fund follows its $550 million second fund back in 2020, which — like the inaugural fund before that — was also a multi-stage fund.
Cathay Innovation CEO and cofounder Denis Barrier say despite the current market conditions and uncertainty, they are strong believers that the digital revolution will only continue to accelerate, and that leading tech companies will do extremely well, showing strong growth and pricing power.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>118africa_business_radio,innovation,tech_news,venture_capitalfalsefullhttps://www.spreaker.com/episode/twitter-lawyers-say-musk-s-termination-of-the-deal-is-invalid-and-wrongful--50569162This comes after Musk and his lawyers said last week that they’re killing the deal to acquire the social network alleging it of making false and misleading representations.
They said the purported termination is invalid for the independent reason that Mr. Musk and the other Musk Parties have knowingly, intentionally, willfully, and materially breached the Agreement.
The company demanded that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569162Thu, 14 Jul 2022 09:56:07 +0000Africa Business RadioTwitter’s lawyers from the firm Wachtell, Lipton, Rosen & Katz said Elon Musk’s termination of the acquisition deal was invalid and wrongful. This comes after Musk and his lawyers said last week that they’re killing the deal to acquire the social...This comes after Musk and his lawyers said last week that they’re killing the deal to acquire the social network alleging it of making false and misleading representations.
They said the purported termination is invalid for the independent reason that Mr. Musk and the other Musk Parties have knowingly, intentionally, willfully, and materially breached the Agreement.
The company demanded that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>146acquisition,africa_business_radio,buy_out,elon_musk,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/wave-secures-90-million-syndicated-loan-from-ifc-and-others--50569160The syndicated loan comprises loans from Symbiotics, Blue Orchard, Lendable, responsAbility Investments, Finnfund, and Norfund.
Coura Sene, Wave general manager for the West African Economic and Monetary Union says Access to digital financial services remains limited in the WAEMU, region with only 24% active mobile money accounts compared to 34% in East Africa in 2020.
IFC’s regional director for West and Central Africa, Aliou Maiga, says supporting access to financial services for the low-income unbanked populations is a key priority for IFC.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569160Thu, 14 Jul 2022 09:52:22 +0000Africa Business RadioSenegalese-US fintech Wave has secured a €90 million syndicated loan from the International Finance Corporation, the investment arm of the World Bank, and other sources. The syndicated loan comprises loans from Symbiotics, Blue Orchard, Lendable,...The syndicated loan comprises loans from Symbiotics, Blue Orchard, Lendable, responsAbility Investments, Finnfund, and Norfund.
Coura Sene, Wave general manager for the West African Economic and Monetary Union says Access to digital financial services remains limited in the WAEMU, region with only 24% active mobile money accounts compared to 34% in East Africa in 2020.
IFC’s regional director for West and Central Africa, Aliou Maiga, says supporting access to financial services for the low-income unbanked populations is a key priority for IFC.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>126africa_business_radio,financial_service,funding,ifc,syndicated_loan,tech_news,world_bankfalsefullhttps://www.spreaker.com/episode/bolt-opens-africa-head-office-in-kenya--50569159Bolt’s regional director and interim VP for rides, Paddy Partridge, maintained that the investment is significant in bolstering the firm’s presence in Africa, considering Kenya’s strategic location and infrastructural advancement.
He says this is just the beginning, and they hope it enables to development a cohesive model for sustainable city engagement that will help improve city services and urban transportation for the millions of people in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569159Thu, 14 Jul 2022 09:48:28 +0000Africa Business RadioBolt, the popular ride-hailing platform, has opened a new Africa head office in Nairobi, Kenya. This new office will be a regional hub for the 7 African countries in which Bolt is operational—Kenya, Uganda, Tanzania, Nigeria, Ghana, South Africa, and...Bolt’s regional director and interim VP for rides, Paddy Partridge, maintained that the investment is significant in bolstering the firm’s presence in Africa, considering Kenya’s strategic location and infrastructural advancement.
He says this is just the beginning, and they hope it enables to development a cohesive model for sustainable city engagement that will help improve city services and urban transportation for the millions of people in the region.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>130africa,africa_business_radio,bolt,kenya,tech_newsfalsefullhttps://www.spreaker.com/episode/visa-partners-with-flocash-to-provide-digital-solutions-for-african-smes--50569156Visa’s latest partnership with Flocash is directed toward promoting digital capabilities for African SMEs.
Visa will collaborate with Flocash to build embedded financing in payments while bringing analytics, bookkeeping, and reconciliation to small businesses through Visa’s underwriting systems.
Corine Mbiaketcha, VP and GM for East Africa at Visa, says that the partnership will help African businesses to help their customers innovatively.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50569156Thu, 14 Jul 2022 09:36:42 +0000Africa Business RadioVisa, a global leader in digital payments, has announced a partnership with Flocash, an African startup to provide African SMEs with access to robust digital solutions that will enable the success and digitization of business processes. Visa’s latest...Visa’s latest partnership with Flocash is directed toward promoting digital capabilities for African SMEs.
Visa will collaborate with Flocash to build embedded financing in payments while bringing analytics, bookkeeping, and reconciliation to small businesses through Visa’s underwriting systems.
Corine Mbiaketcha, VP and GM for East Africa at Visa, says that the partnership will help African businesses to help their customers innovatively.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>130africa,africa_business_radio,digital_payment,flocash,sme's,tech_news,visafalsefullhttps://www.spreaker.com/episode/moove-secures-20m-debt-funding-from-british-international-investment--50510288Moove, which raised $10 million in debt financing in February and mega funding of $105 million a month after, has shown that it has a huge appetite for funding.
Ladi Delano, co-founder and co-CEO at Moove, says BII’s strategic support will play a key role in its mission to build the world’s largest integrated vehicle financing platform for mobility entrepreneurs.
Delano says that the new debt funding puts his company in a stronger position to use its technology and productivity data in creating a more inclusive financing ecosystem

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50510288Fri, 08 Jul 2022 15:08:29 +0000Africa Business RadioThe British International Investment, the UK government’s Development Finance Institution has announced that it has invested $20 million in debt funding in Nigeria’s mobility financing startup Moove. Moove, which raised $10 million in debt financing...Moove, which raised $10 million in debt financing in February and mega funding of $105 million a month after, has shown that it has a huge appetite for funding.
Ladi Delano, co-founder and co-CEO at Moove, says BII’s strategic support will play a key role in its mission to build the world’s largest integrated vehicle financing platform for mobility entrepreneurs.
Delano says that the new debt funding puts his company in a stronger position to use its technology and productivity data in creating a more inclusive financing ecosystem

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>116africa_business_radio,debt_financing,international_investment,mega_funding,mobility_financing,moove,tech_newsfalsefullhttps://www.spreaker.com/episode/european-parliament-backs-historic-reboot-to-eu-s-digital-rulebook--50510285The Digital Markets Act will introduce new ‘ex-ante’ competition rules for gatekeeping tech giants to ensure markets are fair and open; while the Digital Services Act which applies more broadly will set governance rules around the handling of illegal content and products, as well as dialling up broader accountability on larger platforms which have extra responsibilities under the framework.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50510285Fri, 08 Jul 2022 15:04:36 +0000Africa Business RadioThe European Parliament has given a final stamp of approval to two major pieces of regulation which will update the EU’s rules for digital businesses. The Digital Markets Act will introduce new ‘ex-ante’ competition rules for gatekeeping tech giants...The Digital Markets Act will introduce new ‘ex-ante’ competition rules for gatekeeping tech giants to ensure markets are fair and open; while the Digital Services Act which applies more broadly will set governance rules around the handling of illegal content and products, as well as dialling up broader accountability on larger platforms which have extra responsibilities under the framework.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,digital_service,european_union,tech_newsfalsefullhttps://www.spreaker.com/episode/google-halts-kakaotalk-in-korea-after-refusal-to-remove-payment-links--50510277Google’s new policy requires developers selling digital goods and services to use Google’s first-party billing system, but Kakao has been using an external link to its own website.
Google says all developers selling digital goods and services in their apps are required to use Google Play’s billing system.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50510277Fri, 08 Jul 2022 15:02:34 +0000Africa Business RadioGoogle has stopped providing updates to popular messaging app KakaoTalk in South Korea after Kakao continued using an external payment link in its Android app, against Google’s new in-app payments policy. Google’s new policy requires developers...Google’s new policy requires developers selling digital goods and services to use Google’s first-party billing system, but Kakao has been using an external link to its own website.
Google says all developers selling digital goods and services in their apps are required to use Google Play’s billing system.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>110africa_business_radio,billing_system,google,kakao,korea,news,payment_policyfalsefullhttps://www.spreaker.com/episode/google-backed-glance-to-launch-in-us-within-two-months--50510218The startup is engaging with wireless carriers in the U.S. for partnerships and is gearing up to launch several smartphone models by next month.
Glance, valued at around $2 billion, serves media and current affairs content and casual games on Android handsets’ lock screens.
The startup said in February that it planned to expand globally in the coming years.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50510218Fri, 08 Jul 2022 14:58:45 +0000Africa Business RadioGlance, a subsidiary of adtech giant InMobi Group, is planning to launch its lock screen platform on Android smartphones in the U.S. within two months. The startup is engaging with wireless carriers in the U.S. for partnerships and is gearing up to...The startup is engaging with wireless carriers in the U.S. for partnerships and is gearing up to launch several smartphone models by next month.
Glance, valued at around $2 billion, serves media and current affairs content and casual games on Android handsets’ lock screens.
The startup said in February that it planned to expand globally in the coming years.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>95africa_business_radio,glance,google,smart_phone,tech_newsfalsefullhttps://www.spreaker.com/episode/twitter-sues-india-s-government-over-content-takedown-orders--50510215Twitter alleges that New Delhi has abused its power by ordering it to arbitrarily and disproportionately remove several tweets from its platform
Twitter moved to the court after New Delhi threatened to open criminal proceedings against its chief compliance officer in India.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50510215Fri, 08 Jul 2022 14:53:38 +0000Africa Business RadioTwitter has sued the Indian government to challenge some of its block orders on tweets and accounts, further escalating the tension between the American social giant and New Delhi. Twitter alleges that New Delhi has abused its power by ordering it...Twitter alleges that New Delhi has abused its power by ordering it to arbitrarily and disproportionately remove several tweets from its platform
Twitter moved to the court after New Delhi threatened to open criminal proceedings against its chief compliance officer in India.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,block_order,india,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/security-experts-call-for-more-cyber-threat-awareness--50510174Sub Sahara Africa Infodata Professional Services, Eze Osiago regretted the increasing proliferation of targeted cyber-attacks in the financial services sector that ranges from insider threats to typical ransomware, phishing, web application and vulnerability exploitation attacks.
Senior Manager, Sales Engineering, Forcepoint, Mr Mohammed El Shenawy, says that regularly creating awareness about the new technologies and the basic protection from Internet risk was very important.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50510174Fri, 08 Jul 2022 14:49:40 +0000Africa Business RadioSome cyber security experts have called for constant awareness and sensitisation of individuals and organisations to help protect their data. Sub Sahara Africa Infodata Professional Services, Eze Osiago regretted the increasing proliferation of...Sub Sahara Africa Infodata Professional Services, Eze Osiago regretted the increasing proliferation of targeted cyber-attacks in the financial services sector that ranges from insider threats to typical ransomware, phishing, web application and vulnerability exploitation attacks.
Senior Manager, Sales Engineering, Forcepoint, Mr Mohammed El Shenawy, says that regularly creating awareness about the new technologies and the basic protection from Internet risk was very important.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>124africa_business_radio,cyber_attacks,cyber_security,security_expert,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-firm-inaugurates-app-for-home-service-repairs--50510142The founder and Director of Clickafix, Mr Arun Goswami, says the app was created to address two problems; lack of access to skilled artisans and a lack of access to customers on the part of the artisans.
Goswami says there are lots of skilled artisans who have been frustrated out of business because they lack sufficient contacts to keep them in business, and many customers have been enduring a lot of hitches with home accessories because they lack access to skilled artisans to fix the faulty accessories and equipment in their homes.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50510142Fri, 08 Jul 2022 14:46:19 +0000Africa Business RadioClickafix, an app built to pool together skilled artisans to render professional services in homes and offices, has been unveiled in Lagos State. The founder and Director of Clickafix, Mr Arun Goswami, says the app was created to address two...The founder and Director of Clickafix, Mr Arun Goswami, says the app was created to address two problems; lack of access to skilled artisans and a lack of access to customers on the part of the artisans.
Goswami says there are lots of skilled artisans who have been frustrated out of business because they lack sufficient contacts to keep them in business, and many customers have been enduring a lot of hitches with home accessories because they lack access to skilled artisans to fix the faulty accessories and equipment in their homes.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>116africa_business_radio,app_development,clickafix,home_service,innovation,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-tech-startups-raise-3-6bn-in-four-years--50510113The firm The Big Deal’, stated that Western Africa was by far the region that attracted the most funding on the continent, thanks to Nigeria which has attracted about 86 per cent of the total funding into the region since 2019.
The firm says Nigeria’s dominance has begun to wane, from 93 per cent of total funding into the region in 2019 to 84 per cent in 2022 to date, although its absolute numbers remain staggering.
It stated that in 2021, start-ups in Nigeria raised the same amount ($1.6bn+) that was raised by all start-ups in Africa in 2020.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50510113Fri, 08 Jul 2022 14:43:32 +0000Africa Business RadioNigerian startups have raised about $3.6bn since 2019, a figure that is a little less than the $3.8bn that was raised by startups in northern and eastern Africa in the time under review. The firm The Big Deal’, stated that Western Africa was by far...The firm The Big Deal’, stated that Western Africa was by far the region that attracted the most funding on the continent, thanks to Nigeria which has attracted about 86 per cent of the total funding into the region since 2019.
The firm says Nigeria’s dominance has begun to wane, from 93 per cent of total funding into the region in 2019 to 84 per cent in 2022 to date, although its absolute numbers remain staggering.
It stated that in 2021, start-ups in Nigeria raised the same amount ($1.6bn+) that was raised by all start-ups in Africa in 2020.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>149africa,africa_business_radio,funding,investment,nigeria,start_ups,tech_newsfalsefullhttps://www.spreaker.com/episode/india-delays-vpn-rules-to-log-customers-data-by-3-months--50406325The Indian Computer Emergency Response Team, says it is extending the enforcement of the new rules to September 25. The rules, unveiled in late April, were set to go into effect Monday.
CERT says it was extending the deadline because additional time had been sought by the industry players.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50406325Wed, 29 Jun 2022 16:13:44 +0000Africa Business RadioIndia will give VPN providers and cloud service operators an additional three months to comply with new rules that require they maintain the names and addresses of their customers and their IP addresses, delivering some relief to firms as many...The Indian Computer Emergency Response Team, says it is extending the enforcement of the new rules to September 25. The rules, unveiled in late April, were set to go into effect Monday.
CERT says it was extending the deadline because additional time had been sought by the industry players.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>91africa_business_radio,cloud_service,data_protection,india,tech_news,vpnfalsefullhttps://www.spreaker.com/episode/journeyone-harvests-10m-fund-to-invest-in-cannabis-tech--50406301The fund’s solo fund manager, Helene Servillon, says there’s only a specific amount of time until Andreessen Horowitz, First Round Capital and Sequoia Capital are starting to play in this industry.
Servillon noted that there are other big players in this space, especially on the corporate side of things.
The fund is dedicated to investing in founders with senior-level executive experience within the cannabis industry.
JourneyOne Ventures has already started to invest in startups that are creating B2B software customized for the cannabis industry, biotech and consumer products including Komplyd, Nabis, Cellibre, Wunder and Plant People.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50406301Wed, 29 Jun 2022 16:10:43 +0000Africa Business RadioJourneyOne says it’s closed a $10 million fund and has started making its first few investments. The fund’s solo fund manager, Helene Servillon, says there’s only a specific amount of time until Andreessen Horowitz, First Round Capital and Sequoia...The fund’s solo fund manager, Helene Servillon, says there’s only a specific amount of time until Andreessen Horowitz, First Round Capital and Sequoia Capital are starting to play in this industry.
Servillon noted that there are other big players in this space, especially on the corporate side of things.
The fund is dedicated to investing in founders with senior-level executive experience within the cannabis industry.
JourneyOne Ventures has already started to invest in startups that are creating B2B software customized for the cannabis industry, biotech and consumer products including Komplyd, Nabis, Cellibre, Wunder and Plant People.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,biotech,cannabis_tech,investment,journey_one,tech_newsfalsefullhttps://www.spreaker.com/episode/google-launches-advanced-api-security-to-protect-api-s-from-threats--50406265APIs have documented connections between computers or between computer programs. API usage is on the rise, with one survey finding that more than 61.6% of developers relied on APIs more in 2021 than in 2020.
But they’re also increasingly becoming the target of attacks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50406265Wed, 29 Jun 2022 16:07:22 +0000Africa Business RadioGoogle announced a preview of Advanced API Security, a new product headed to Google Cloud that’s designed to detect security threats as they relate to APIs. APIs have documented connections between computers or between computer programs. API usage...APIs have documented connections between computers or between computer programs. API usage is on the rise, with one survey finding that more than 61.6% of developers relied on APIs more in 2021 than in 2020.
But they’re also increasingly becoming the target of attacks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>104africa_business_radio,api's,computer_programming,cybersecurity,google,security_threat,tech_newsfalsefullhttps://www.spreaker.com/episode/tesla-picks-up-12m-to-automate-ev-production--50406164Industrial Next, founded by Allen Pan, who was Tesla’s autonomous factory lead at Fremont, and Lukas Pankau, who was a lead electrical architect behind Model X, Y and 3, aims to bring the latest production technologies to electric vehicle suppliers around the world, a vision that has helped it win investor support recently.
The startup just raised $12 million in a pre-Series A round led by Lenovo Capital, the venture capital vehicle of Chinese computer giant Lenovo, which owns IBM’s PC business. Xiaomi’s strategic investment arm and AlphaX Partners also participated in the financing round.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50406164Wed, 29 Jun 2022 16:03:10 +0000Africa Business RadioElon Musk is unabashed about his obsession with manufacturing. Over the years, Tesla has gradually gained recognition in the manufacturing world by improving its production quality. Industrial Next, founded by Allen Pan, who was Tesla’s autonomous...Industrial Next, founded by Allen Pan, who was Tesla’s autonomous factory lead at Fremont, and Lukas Pankau, who was a lead electrical architect behind Model X, Y and 3, aims to bring the latest production technologies to electric vehicle suppliers around the world, a vision that has helped it win investor support recently.
The startup just raised $12 million in a pre-Series A round led by Lenovo Capital, the venture capital vehicle of Chinese computer giant Lenovo, which owns IBM’s PC business. Xiaomi’s strategic investment arm and AlphaX Partners also participated in the financing round.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,elon_musk,ev,new,teslafalsefullhttps://www.spreaker.com/episode/kenya-based-startup-kune-food-shuts-down-due-to-insufficient-funding--50406138CEO Robin Reecht cited a stifled economy and inflated food prices as circumstances that contributed to Kune’s closure.
The announcement comes just 4 months after the startup began its commercial operations at established meal centres around Nairobi.
Kenyans were aggrieved by his comments and did not hesitate to voice their critiques. They argued that Reecht’s ability to secure funding so quickly was due more to his white privilege than his business plan, which some believed aimed to solve a nonexistent problem.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50406138Wed, 29 Jun 2022 15:53:58 +0000Africa Business RadioKune, a Kenyan food-tech startup that delivered ready-to-eat meals at affordable prices, is closing down, CEO Robin Reecht cited a stifled economy and inflated food prices as circumstances that contributed to Kune’s closure. The announcement...CEO Robin Reecht cited a stifled economy and inflated food prices as circumstances that contributed to Kune’s closure.
The announcement comes just 4 months after the startup began its commercial operations at established meal centres around Nairobi.
Kenyans were aggrieved by his comments and did not hesitate to voice their critiques. They argued that Reecht’s ability to secure funding so quickly was due more to his white privilege than his business plan, which some believed aimed to solve a nonexistent problem.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa_business_radio,economic_constrain,food_tech,inflation,kenya,start_ups,tech_newsfalsefullhttps://www.spreaker.com/episode/mtn-accuses-18-nigerian-banks-of-53-million-mobile-money-fraud--50406112MTN is alleging that its recently-licensed mobile money Payment Service Bank, MoMo, has suffered a fraudulent loss from its partner banks.
MTN claims that the amount was transferred in error to 8,000 accounts maintained by the 18 banks’ customers.
Chief Executive Officer of MoMo PSB, Anthony Usoro Usoro, also claimed that the fraud was committed over a total of 700,000 transactions, over a one-month period.
The CEO also mentioned that it was resorting to legal action upon the banks’ insistence that only court orders could bring an action for reversal.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50406112Wed, 29 Jun 2022 15:50:40 +0000Africa Business RadioTelecommunications MTN has reportedly taken 18 Nigerian banks to court over a ₦22.3 billion mobile money fraud. MTN is alleging that its recently-licensed mobile money Payment Service Bank, MoMo, has suffered a fraudulent loss from its partner...MTN is alleging that its recently-licensed mobile money Payment Service Bank, MoMo, has suffered a fraudulent loss from its partner banks.
MTN claims that the amount was transferred in error to 8,000 accounts maintained by the 18 banks’ customers.
Chief Executive Officer of MoMo PSB, Anthony Usoro Usoro, also claimed that the fraud was committed over a total of 700,000 transactions, over a one-month period.
The CEO also mentioned that it was resorting to legal action upon the banks’ insistence that only court orders could bring an action for reversal.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>102africa_business_radio,momo,money_fraud,mtn,payment_service,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-api-company-thepeer-raises-2-1-million-for-seamless-wallet-transfers--50406058Thepeer is an API-based company that enables its customers, majorly small and medium-sized businesses and fintech, to allow their own customers to fund their accounts from other businesses, send money across their different wallets, and pay for items from their wallets seamlessly.
Thepeer’s CEO Ononye says there is nearly 600 fintech across the continent, most of which operate siloed wallets.
He says their goal is to make it possible to connect and make payments from any wallet adding that they are building an operating system so that businesses can offer more services to their customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50406058Wed, 29 Jun 2022 15:47:18 +0000Africa Business RadioThepeer, a Nigerian tech infrastructure company that enables seamless wallet transfers between businesses, has raised a $2.1 million seed round. Thepeer is an API-based company that enables its customers, majorly small and medium-sized businesses...Thepeer is an API-based company that enables its customers, majorly small and medium-sized businesses and fintech, to allow their own customers to fund their accounts from other businesses, send money across their different wallets, and pay for items from their wallets seamlessly.
Thepeer’s CEO Ononye says there is nearly 600 fintech across the continent, most of which operate siloed wallets.
He says their goal is to make it possible to connect and make payments from any wallet adding that they are building an operating system so that businesses can offer more services to their customers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,api,fintech,seed_funding,tech_news,thepeer,wallet_transferfalsefullhttps://www.spreaker.com/episode/abeg-rebrand-s-to-a-social-commerce-platform--50405967Abeg, a subsidiary of Piggytech Global Limited, secured approval-in-principle for a mobile money operator license application from the Central Bank of Nigeria to expand the scope of its social commerce operations across the country.
Piggytech Global co-founder and Chief Marketing Officer Joshua Chibueze says that PocketApp is trying to create a brand or an app that everyone can use.
PocketApp will support seamless payments and online commerce throughout the country by adding new functionalities for users to buy and sell items via virtual Pocket shops.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50405967Wed, 29 Jun 2022 15:41:46 +0000Africa Business RadioThe payment app, Abeg, has rebranded and will now be called PocketApp, a move that underlines its transition from a payment app to a social commerce app. Abeg, a subsidiary of Piggytech Global Limited, secured approval-in-principle for a mobile...Abeg, a subsidiary of Piggytech Global Limited, secured approval-in-principle for a mobile money operator license application from the Central Bank of Nigeria to expand the scope of its social commerce operations across the country.
Piggytech Global co-founder and Chief Marketing Officer Joshua Chibueze says that PocketApp is trying to create a brand or an app that everyone can use.
PocketApp will support seamless payments and online commerce throughout the country by adding new functionalities for users to buy and sell items via virtual Pocket shops.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>107abeg,africa_business_radio,payment_system,pocketapp,social_commerce,tech_newsfalsefullhttps://www.spreaker.com/episode/bybit-crypto-exchange-begins-cutting-staff--50293140Crypto journalist James Wu says that the company is cutting a whopping 30% of its 2,000 people workforce however, the company didn’t give any indication about its workforce size or the number of people it has laid off.
Bybit says it has 6 million registered users with more than 190,000 users, who are trading futures or spots on the exchange daily.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50293140Wed, 22 Jun 2022 14:52:33 +0000Africa Business RadioSingapore-based crypto exchange Bybit has joined a long list of companies that have laid off some of their employees. Crypto journalist James Wu says that the company is cutting a whopping 30% of its 2,000 people workforce however, the company...Crypto journalist James Wu says that the company is cutting a whopping 30% of its 2,000 people workforce however, the company didn’t give any indication about its workforce size or the number of people it has laid off.
Bybit says it has 6 million registered users with more than 190,000 users, who are trading futures or spots on the exchange daily.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa_business_radio,bybit,crypto_currency,layoff,tech_news,workforcefalsefullhttps://www.spreaker.com/episode/saas-platform-leadsquared-leads-with-153-million-fresh-funding--50293136LeadSquared says it has raised $153 million in a Series C funding round that valued it at $1 billion.
Existing backers including Gaja Capital also participated in the new funding, which takes the startup’s all-time raise to $188 million.
LeadSquared says its CRM platform takes away the guesswork from sales execution no matter how complex the customer journey.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50293136Wed, 22 Jun 2022 14:49:26 +0000Africa Business RadioLeadSquared, a SaaS startup that is helping sales teams become more efficient with its CRM platform, is the latest Indian startup to become a unicorn. LeadSquared says it has raised $153 million in a Series C funding round that valued it at $1...LeadSquared says it has raised $153 million in a Series C funding round that valued it at $1 billion.
Existing backers including Gaja Capital also participated in the new funding, which takes the startup’s all-time raise to $188 million.
LeadSquared says its CRM platform takes away the guesswork from sales execution no matter how complex the customer journey.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>76africa_business_radio,india,leadsquared,saas,seed_funding,tech_newsfalsefullhttps://www.spreaker.com/episode/ericsson-s-5g-subscriptions-to-top-one-billion-in-2022--50293024A weaker global economy and the uncertainties caused by Russia’s invasion of Ukraine lowered its estimate for 2022 by around 100 million.
Ericsson, which competes with China’s Huawei and Finland’s Nokia, is a leading supplier of mobile gear, including 5G.
5G subscriptions are estimated to reach 4.4 billion in 2027.
The growth in 4G users is expected to peak this year and then decline as subscribers migrate to 5G. Ericsson had earlier expected 4G subscriptions to peak last year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50293024Wed, 22 Jun 2022 14:46:15 +0000Africa Business RadioSwedish telecommunications equipment maker Ericsson says it expects global 5G mobile subscriptions to surpass a billion in 2022, helped by higher adoption in China and North America. A weaker global economy and the uncertainties caused by Russia’s...A weaker global economy and the uncertainties caused by Russia’s invasion of Ukraine lowered its estimate for 2022 by around 100 million.
Ericsson, which competes with China’s Huawei and Finland’s Nokia, is a leading supplier of mobile gear, including 5G.
5G subscriptions are estimated to reach 4.4 billion in 2027.
The growth in 4G users is expected to peak this year and then decline as subscribers migrate to 5G. Ericsson had earlier expected 4G subscriptions to peak last year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>975g_network,africa_business_radio,china,ericsson,tech_newsfalsefullhttps://www.spreaker.com/episode/telkom-infinite-launches-r299-for-unlimited-mobile-data--50292942Telkom Infinite offers unlimited data from R299/month.
Telkom revealed that it grew subscribers by 10.5% to 16.9 million at the end of March 2022, helping solidify its position as the number-three player in the market behind Vodacom and MTN and ahead of fourth-placed Cell C.
However, mobile revenue growth was just 6.3%, a figure Telkom warned it expects to moderate further, with future growth in line with its industry peers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50292942Wed, 22 Jun 2022 14:35:21 +0000Africa Business RadioTelkom has launched two new mobile plans it hopes will energise interest among consumers. Telkom Infinite offers unlimited data from R299/month. Telkom revealed that it grew subscribers by 10.5% to 16.9 million at the end of March 2022, helping...Telkom Infinite offers unlimited data from R299/month.
Telkom revealed that it grew subscribers by 10.5% to 16.9 million at the end of March 2022, helping solidify its position as the number-three player in the market behind Vodacom and MTN and ahead of fourth-placed Cell C.
However, mobile revenue growth was just 6.3%, a figure Telkom warned it expects to moderate further, with future growth in line with its industry peers.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>79africa_business_radio,internet_connection,mtn,tech_news,telkom,vodacomfalsefullhttps://www.spreaker.com/episode/amazon-to-launch-e-commerce-marketplace-in-south-africa--50292870The five markets that Amazon will expand to over the next year are South Africa, Nigeria, Belgium, Chile and Colombia.
South Africans will also reportedly get access to Amazon’s Prime membership programme soon after the launch of Amazon online shopping in the country.
Amazon has long had a presence in South Africa through its cloud services business, Amazon Web Services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50292870Wed, 22 Jun 2022 14:32:34 +0000Africa Business RadioAmazom.com plans to launch online shopping services in South Africa and four other countries by early 2023. The five markets that Amazon will expand to over the next year are South Africa, Nigeria, Belgium, Chile and Colombia. South Africans will...The five markets that Amazon will expand to over the next year are South Africa, Nigeria, Belgium, Chile and Colombia.
South Africans will also reportedly get access to Amazon’s Prime membership programme soon after the launch of Amazon online shopping in the country.
Amazon has long had a presence in South Africa through its cloud services business, Amazon Web Services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>81africa_business_radio,amazon,online_shopping,south_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/afropolitan-raises-2-1-million-to-build-a-digital-nation--50292698Afropolitan started out as an organisation that organised parties, events, and festivals for the African diaspora.
The former CTO of Coinbase, Balaji Srinivasan conceives a network state as a digital nation built without the historical constraints of a physical nation, and that presents citizens with a fresh stab at societal and financial freedom.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50292698Wed, 22 Jun 2022 14:25:46 +0000Africa Business RadioAfropolitan, a startup that wants to build a digital nation for Africans, has raised pre-seed funding of $2.1 million, according to its co-founder, Eche Emole. Afropolitan started out as an organisation that organised parties, events, and festivals...Afropolitan started out as an organisation that organised parties, events, and festivals for the African diaspora.
The former CTO of Coinbase, Balaji Srinivasan conceives a network state as a digital nation built without the historical constraints of a physical nation, and that presents citizens with a fresh stab at societal and financial freedom.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,afropolitan,digital_nation,funding,tech_newsfalsefullhttps://www.spreaker.com/episode/ghana-s-fintech-fido-raises-30m-to-expand-across-africa--50292625Fido says that it is planning to add savings and payment products to its portfolio later this year, and to enter Uganda, its second market, as it prepares to expand to more regions across the continent.
The fintech is also set to open its second research and development centre in Ghana’s capital, Accra, which will augment its Israel branch, to help it automate most of its operations to ensure sustainability in the long term.
Fido CEO, Alon Eitan says small entrepreneurs don’t really have access to traditional banking systems.
Eitan says the payments product will be layered on top of existing payment rails, as we want to create interoperability between all the different payment rails that are popping up in different countries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50292625Wed, 22 Jun 2022 14:18:57 +0000Africa Business RadioGhana-based fintech Fido is now in search of additional growth avenues for its expansion across Africa. Fido says that it is planning to add savings and payment products to its portfolio later this year, and to enter Uganda, its second market, as it...Fido says that it is planning to add savings and payment products to its portfolio later this year, and to enter Uganda, its second market, as it prepares to expand to more regions across the continent.
The fintech is also set to open its second research and development centre in Ghana’s capital, Accra, which will augment its Israel branch, to help it automate most of its operations to ensure sustainability in the long term.
Fido CEO, Alon Eitan says small entrepreneurs don’t really have access to traditional banking systems.
Eitan says the payments product will be layered on top of existing payment rails, as we want to create interoperability between all the different payment rails that are popping up in different countries.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa,africa_business_radio,banking_system,fido,fintech,revenue,tech_newsfalsefullhttps://www.spreaker.com/episode/nigerian-home-lab-testing-platform-healthtracka-gets-1-5m-funding--50292420Healthtracka, Lagos-based health tech has raised $1.5 million in seed funding.
Dare-Johnson worked several years in the healthcare space before starting Healthtracka.
Dare-Johnson says while millions of Africans are guilty of personal health miscalculations, other factors contribute to irregular checkups such as waiting times and slow doctor consultations when present in a hospital.
Telemedicine usage in Africa has skyrocketed since the pandemic as it addresses some of these challenges discouraging patients from making routine checkups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50292420Wed, 22 Jun 2022 14:05:07 +0000Africa Business RadioDiagnostics is at the centre of healthcare; without it, doctors and physicians cannot offer treatment. But in emerging markets like Africa, where infrastructure is lacking and the doctor-to-patient ratio stands at staggering regular checkups are often...Healthtracka, Lagos-based health tech has raised $1.5 million in seed funding.
Dare-Johnson worked several years in the healthcare space before starting Healthtracka.
Dare-Johnson says while millions of Africans are guilty of personal health miscalculations, other factors contribute to irregular checkups such as waiting times and slow doctor consultations when present in a hospital.
Telemedicine usage in Africa has skyrocketed since the pandemic as it addresses some of these challenges discouraging patients from making routine checkups.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>121africa_business_radio,healthcare,health_tech,tech_newsfalsefullhttps://www.spreaker.com/episode/google-maps-restrictions-trigger-competition-scrutiny-in-germany--50292298Andreas Mundt, president of the FCO, says they have information to suggest that Google may be restricting the combination of its own map services with third-party map services, for example when it comes to embedding Google Maps location data, the search function or Google Street View into maps not provided by Google.
The FCO added that it will be interviewing customers and competitors of the Google Maps Platform as part of the investigation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50292298Wed, 22 Jun 2022 13:50:39 +0000Africa Business RadioGermany’s competition regulator is looking into possible abuses related to how Google operates its Maps product. Andreas Mundt, president of the FCO, says they have information to suggest that Google may be restricting the combination of its own map...Andreas Mundt, president of the FCO, says they have information to suggest that Google may be restricting the combination of its own map services with third-party map services, for example when it comes to embedding Google Maps location data, the search function or Google Street View into maps not provided by Google.
The FCO added that it will be interviewing customers and competitors of the Google Maps Platform as part of the investigation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,business_competition,germany,google,market_monoplisation,tech_newsfalsefullhttps://www.spreaker.com/episode/platform9-raises-26m-to-help-manage-distributed-cloud-clusters--50214455CEO Bhaskar Gorti says that the new cash will be used to drive Platform9’s go-to-market strategy and product research and development, particularly as the company seeks out larger-scale enterprise deployments.
A recent McKinsey report suggests that fewer than 25% of cloud initiatives meet their time-to-market and cost goals.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214455Wed, 15 Jun 2022 16:08:32 +0000Africa Business RadioPlatform9 announced that it closed a $26 million funding round led by Celesta Capital with participation from Cota Capital, NGP Capital and other investors. CEO Bhaskar Gorti says that the new cash will be used to drive Platform9’s go-to-market...CEO Bhaskar Gorti says that the new cash will be used to drive Platform9’s go-to-market strategy and product research and development, particularly as the company seeks out larger-scale enterprise deployments.
A recent McKinsey report suggests that fewer than 25% of cloud initiatives meet their time-to-market and cost goals.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>72africa_business_radio,cloud_cluster,data_gathering,investing,platform9,tech_news,top_podcastfalsefullhttps://www.spreaker.com/episode/binance-crypto-exchange-hiring-plans-fight-crypto-turmoil--50214348CEO Brian Shroder says that the company is in the strongest position possible to not only successfully weather this downturn but also emerge as the leading crypto platform in the U.S.
He says their funding round could not have come at a better time and they now have over $250 million in the bank.
The exchange is growing faster than ever and hiring across 80+ positions and Shroder fully expects its product/tech team to double this year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214348Wed, 15 Jun 2022 16:04:49 +0000Africa Business RadioBinance.US, the American company associated with the world’s largest crypto exchange, isn’t worried about the market turmoil that has pushed some of its competitors to tighten their belts. CEO Brian Shroder says that the company is in the strongest...CEO Brian Shroder says that the company is in the strongest position possible to not only successfully weather this downturn but also emerge as the leading crypto platform in the U.S.
He says their funding round could not have come at a better time and they now have over $250 million in the bank.
The exchange is growing faster than ever and hiring across 80+ positions and Shroder fully expects its product/tech team to double this year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,binance,bitcoin,crypto_currency,funding,tech_news,technology,top_podcastfalsefullhttps://www.spreaker.com/episode/jumba-raises-1million-to-help-operators-of-hardware-stores-restock--50214275The Kenya National Bureau of Statistics projected the construction industry will grow at an average rate of 6.1% over the next three years.
Jumba, a b2b construction technology platform launched in April this year, is out to bridge this gap through an online platform that allows operators of hardware stores, which are found on almost every block, to seamlessly restock.
Jumba CEO Kagure Wamunyu, says they have started to expand their products according to regional demands and the needs of hardware stores.
The idea is to make Jumba the source of all construction materials in Kenya and, when we eventually grow, beyond its borders.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214275Wed, 15 Jun 2022 16:00:52 +0000Africa Business RadioThe construction industry in Kenya is so big that it is among the few globally that expanded amidst the Covid lockdowns of 2020. The Kenya National Bureau of Statistics projected the construction industry will grow at an average rate of 6.1% over...The Kenya National Bureau of Statistics projected the construction industry will grow at an average rate of 6.1% over the next three years.
Jumba, a b2b construction technology platform launched in April this year, is out to bridge this gap through an online platform that allows operators of hardware stores, which are found on almost every block, to seamlessly restock.
Jumba CEO Kagure Wamunyu, says they have started to expand their products according to regional demands and the needs of hardware stores.
The idea is to make Jumba the source of all construction materials in Kenya and, when we eventually grow, beyond its borders.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>103africa_business_radio,construction,kenya,tech_news,technology,top_podcastfalsefullhttps://www.spreaker.com/episode/appetito-acquires-lamma-to-expand-into-tunisia-morocco-and-west-africa--50214273Co-founder Shehab Mokhtar, says the deal is expected to close by the third quarter of 2022, but the two companies have reached an agreement to operate under Appetito as a single entity.
Lamma co-founder and CEO Yassir El Ismaili El Idrissi say both companies have already begun to train staff together.
Mokhtar says that his company expects to soon close an 8-figure round to support the expansion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214273Wed, 15 Jun 2022 15:57:52 +0000Africa Business RadioOn-demand grocery retail business Appetito, announced the acquisition of Lamma, a similar startup which operates in Rabat, and the Greater Tunis area of Morocco and Tunisia respectively. Co-founder Shehab Mokhtar, says the deal is expected to close...Co-founder Shehab Mokhtar, says the deal is expected to close by the third quarter of 2022, but the two companies have reached an agreement to operate under Appetito as a single entity.
Lamma co-founder and CEO Yassir El Ismaili El Idrissi say both companies have already begun to train staff together.
Mokhtar says that his company expects to soon close an 8-figure round to support the expansion.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa,africa_business_radio,appetito,lamma,morocco,retail_business,tech_news,top_podcastfalsefullhttps://www.spreaker.com/episode/kenya-s-controversial-ict-practitioners-bill-to-become-law--50214271The wide-sweeping and vague ICT Practitioners Bill mandated the registration and licensing of vaguely defined ICT practitioners by a council.
Cabinet Secretary in Kenya’s Ministry of Information and Computer Technology, Joseph Mucheru rejected it, noting that proposals in the bill would affect innovative talent and alienate local youth from lucrative online jobs, and educational and investment opportunities.
Mucheru had said,If enacted, the ICT Protection Bill 2016 will cause duplication in regulation and frustrate individual talents from realising their potential.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214271Wed, 15 Jun 2022 15:55:25 +0000Africa Business RadioKenya’s 12th parliament passed the controversial 2020 proposal that seeks to regulate anyone who employs technologies to collect, process, store or transfer information for a fee. The wide-sweeping and vague ICT Practitioners Bill mandated the...The wide-sweeping and vague ICT Practitioners Bill mandated the registration and licensing of vaguely defined ICT practitioners by a council.
Cabinet Secretary in Kenya’s Ministry of Information and Computer Technology, Joseph Mucheru rejected it, noting that proposals in the bill would affect innovative talent and alienate local youth from lucrative online jobs, and educational and investment opportunities.
Mucheru had said,If enacted, the ICT Protection Bill 2016 will cause duplication in regulation and frustrate individual talents from realising their potential.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa_business_radio,data_collecting,ict_bill,kenya,tech_news,technology,top_podcastfalsefullhttps://www.spreaker.com/episode/moroccan-chari-acquires-ivorian-b2b-e-commerce-startup-diago--50214157The all-stock transaction was facilitated by AF Legal and RBB International firms, representing Chari, and Houda Law Firm, representing the Ivorian upstart.
Chari’s CEO Ismail Belkhayat says the secret of a successful expansion is to build a local team that masters local market dynamics.
Belkhayat says that the goal is to be the market leader across francophone Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214157Wed, 15 Jun 2022 15:51:56 +0000Africa Business RadioChari, a Moroccan B2B e-commerce and fintech startup announced that it has acquired a 100% stake in Diago, an Ivorian app that connects neighbourhood shops to FMCG producers and importers. The all-stock transaction was facilitated by AF Legal and...The all-stock transaction was facilitated by AF Legal and RBB International firms, representing Chari, and Houda Law Firm, representing the Ivorian upstart.
Chari’s CEO Ismail Belkhayat says the secret of a successful expansion is to build a local team that masters local market dynamics.
Belkhayat says that the goal is to be the market leader across francophone Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,fintech,ivory_coast,morocco,tech_news,top_podcastfalsefullhttps://www.spreaker.com/episode/boomplay-launches-in-cote-d-ivoire--50214156Boomplay Côte d’Ivoire General Manager, Paola Audrey Ndengue, says Boomplay is committed to contributing to the dynamism of the Ivorian music industry’.
With the launch of Boomplay, Ivorian artists now have access to 70 million active users on a platform where they’ll be paid per stream/purchase.
The company has a freemium model similar to YouTube where users can play music for free but with ad intermissions, or pay for an ad-free version.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214156Wed, 15 Jun 2022 15:49:14 +0000Africa Business RadioBoomplay, a Chinese-owned music streaming platform for African artists and songs, has launched in Côte d’Ivoire. Boomplay Côte d’Ivoire General Manager, Paola Audrey Ndengue, says Boomplay is committed to contributing to the dynamism of the Ivorian...Boomplay Côte d’Ivoire General Manager, Paola Audrey Ndengue, says Boomplay is committed to contributing to the dynamism of the Ivorian music industry’.
With the launch of Boomplay, Ivorian artists now have access to 70 million active users on a platform where they’ll be paid per stream/purchase.
The company has a freemium model similar to YouTube where users can play music for free but with ad intermissions, or pay for an ad-free version.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa,africa_business_radio,boomplay,music,streaming_platform,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-to-regulate-social-media-with-new-code-of-practice--50214153The National Information Technology Development Agency announced that it had developed a draft Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries.
The NITDA Head of Corporate Affairs and External Relationships, Hadiza Umar, says the Code is supposedly aimed at protecting the fundamental human rights of Nigerians and non-Nigerians living in the country, as well as defining guidelines for interacting in the digital ecosystem.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214153Wed, 15 Jun 2022 15:43:07 +0000Africa Business RadioThe Nigerian government has set out to regulate social media platforms with a new Code of Practice. Plans for the Code of Practice were announced in January by the Director-General of NITDA, Mr Kashifu Inuwa. The National Information Technology...The National Information Technology Development Agency announced that it had developed a draft Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries.
The NITDA Head of Corporate Affairs and External Relationships, Hadiza Umar, says the Code is supposedly aimed at protecting the fundamental human rights of Nigerians and non-Nigerians living in the country, as well as defining guidelines for interacting in the digital ecosystem.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>99africa_business_radio,media_regulation,nigeria,social_media,tech_news,top_podcastfalsefullhttps://www.spreaker.com/episode/cairo-angels-make-its-first-nigerian-investment-in-bnpl-startup--50214057Cairo Angels’ investment, was made through the Cairo Angels Syndicate Fund, a micro venture capital fund that invests between $100,000 and $250,000 in post-seed and pre-series A startups across the Middle East and Africa.
CredPal says that it serves over 85,000 active customers and works with more than 4,000 active merchants and that customers can use the service for transactions from ₦2,000 up to ₦5 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214057Wed, 15 Jun 2022 15:38:40 +0000Africa Business RadioEgypt’s first network of angel investors announced its investment of an undisclosed amount in Nigerian fintech company CredPal. Cairo Angels’ investment, was made through the Cairo Angels Syndicate Fund, a micro venture capital fund that invests...Cairo Angels’ investment, was made through the Cairo Angels Syndicate Fund, a micro venture capital fund that invests between $100,000 and $250,000 in post-seed and pre-series A startups across the Middle East and Africa.
CredPal says that it serves over 85,000 active customers and works with more than 4,000 active merchants and that customers can use the service for transactions from ₦2,000 up to ₦5 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,cairo_angel,credpal,egypt,fintech,nigeria,tech_news,top_podcastfalsefullhttps://www.spreaker.com/episode/nigeria-s-access-bank-acquires-kenya-s-sidian-bank-for-36-7million--50214048If the deal goes through, this will be the Nigerian bank’s second acquisition in the Kenyan market.
The Bank says the deal will see Access Bank take over the 83.4% shares currently belonging to Centum and its subsidiary Bakki Holdco Ltd.
Access Bank CEO Roosevelt Ogbonna says this deal will help Access to continue strengthening its presence in Kenya, a market the bank regards as key to its diversification strategy.
He says through this transaction and the subsequent merger with Access Bank Kenya, we will be well placed to promote regional trade finance and other cross-border banking services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50214048Wed, 15 Jun 2022 15:34:45 +0000Africa Business RadioAccess Bank is reportedly set to acquire Kenyan Sidian Bank by buying out the entire stake of Centum Investment in the bank for $36.7 million. If the deal goes through, this will be the Nigerian bank’s second acquisition in the Kenyan market. The...If the deal goes through, this will be the Nigerian bank’s second acquisition in the Kenyan market.
The Bank says the deal will see Access Bank take over the 83.4% shares currently belonging to Centum and its subsidiary Bakki Holdco Ltd.
Access Bank CEO Roosevelt Ogbonna says this deal will help Access to continue strengthening its presence in Kenya, a market the bank regards as key to its diversification strategy.
He says through this transaction and the subsequent merger with Access Bank Kenya, we will be well placed to promote regional trade finance and other cross-border banking services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>111access_bank,africa_business_radio,investment,kenya,nigeria,sidian_bank,tech_news,top_podcastfalsefullhttps://www.spreaker.com/episode/eu-agrees-to-make-common-charger-mandatory-for-apple-iphone--50154656EU lawmakers agreed to a single mobile charging port for mobile phones, tablets and cameras. It means equipment makers will have to comply with the new terms by 2024.
EU commissioner Thierry Breton says they have a deal on the #CommonCharger!

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50154656Fri, 10 Jun 2022 13:44:10 +0000Africa Business RadioThe European_Commission is going to force smartphone manufacturers like Apple and other electronics makers to equip their devices with a standard USB-C charging port. EU lawmakers agreed to a single mobile charging port for mobile phones, tablets...EU lawmakers agreed to a single mobile charging port for mobile phones, tablets and cameras. It means equipment makers will have to comply with the new terms by 2024.
EU commissioner Thierry Breton says they have a deal on the #CommonCharger!

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>77africa-business_radio,apple,commoncharger,european_commission,iphone,tech_newsfalsefullhttps://www.spreaker.com/episode/crypto-poses-a-threat-to-the-safety-of-global-payment-systems--50154611Founder of Starling Anne Boden warned that a lot of crypto wallets are being connected directly to payment schemes.
Boden says it is a threat to the safety of payment schemes around the world.
Regulators are concerned about the financial system becoming more entwined with the volatile world of crypto.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50154611Fri, 10 Jun 2022 13:39:54 +0000Africa Business RadioThe boss of Goldman Sachs-backed digital bank Starling has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. Founder of Starling Anne Boden warned that a lot of crypto wallets are...Founder of Starling Anne Boden warned that a lot of crypto wallets are being connected directly to payment schemes.
Boden says it is a threat to the safety of payment schemes around the world.
Regulators are concerned about the financial system becoming more entwined with the volatile world of crypto.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>97africa_business_radio,crypto_currency,crypto_wallet,digital_currency,financial_payment,payment_scheme,tech_newsfalsefullhttps://www.spreaker.com/episode/mfs-africa-to-acquire-us-based-gtp-for-34-million--50154524Africa’s largest fintech interoperability hub, MFS Africa, will reportedly acquire US-based payments software company Global Technology Partners in a $34 million deal.
MFS Africa’s acquisition of GTP will allow MFS Africa to offer its users prepaid cards, and the fintech will expand into the US.
MFS Africa CEO Dare Okoudjou, says it’s mostly for international e-commerce platforms, which are not able or willing to create the user experience that will accept mobile.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50154524Fri, 10 Jun 2022 13:35:00 +0000Africa Business RadioWe frequently hear of foreign companies acquiring African companies however, we rarely hear of African companies acquiring foreign companies. Africa’s largest fintech interoperability hub, MFS Africa, will reportedly acquire US-based payments...Africa’s largest fintech interoperability hub, MFS Africa, will reportedly acquire US-based payments software company Global Technology Partners in a $34 million deal.
MFS Africa’s acquisition of GTP will allow MFS Africa to offer its users prepaid cards, and the fintech will expand into the US.
MFS Africa CEO Dare Okoudjou, says it’s mostly for international e-commerce platforms, which are not able or willing to create the user experience that will accept mobile.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>93africa_business_radio,africa's_aquisition,e_commerce,fintech,mfs_africa,tech_newsfalsefullhttps://www.spreaker.com/episode/nine-african-startups-selected-for-norrsken-impact-accelerator--50154467Norrsken Foundation has been courting Africa since it announced in 2019 the launch of its entrepreneurship hub, Norrsken House, in Kigali, Rwanda.
The first outside its headquarters, Sweden, the hub also features an African-focused seed fund which has allowed it to invest in Rwandan companies, most notably Viebeg Technology and PesaChoice.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50154467Fri, 10 Jun 2022 13:29:17 +0000Africa Business RadioNine African startups representing 8 countries have been selected to participate in the second edition of the Norrsken Impact Accelerator, a prominent early-stage accelerator. Norrsken Foundation has been courting Africa since it announced in 2019...Norrsken Foundation has been courting Africa since it announced in 2019 the launch of its entrepreneurship hub, Norrsken House, in Kigali, Rwanda.
The first outside its headquarters, Sweden, the hub also features an African-focused seed fund which has allowed it to invest in Rwandan companies, most notably Viebeg Technology and PesaChoice.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>90accelerator,africa_business_radio,african_startup,norrsken,pesachoice,tech_news,viebeg_technologyfalsefullhttps://www.spreaker.com/episode/solana-launches-100m-investment-for-south-korean-web3-startups--50154422He says the fund will focus on gaming studios, GameFi, NFTs and DeFi in South Korea.
Head of communications at Solana Labs, Austin Federa, says the fund is backed by capital from the Solana community treasury in addition to the venture arm’s pool of capital.
Lee says they want to be flexible; there’s a wide range of project sizes, and team sizes, so some of the investments will be venture-sized checks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50154422Fri, 10 Jun 2022 13:25:19 +0000Africa Business RadioJohnny Lee, general manager of games at Solana Labs, says Solana Ventures and Solana Foundation have set up a $100 million investment and grant fund to deploy capital into South Korean web3 startups. He says the fund will focus on gaming studios,...He says the fund will focus on gaming studios, GameFi, NFTs and DeFi in South Korea.
Head of communications at Solana Labs, Austin Federa, says the fund is backed by capital from the Solana community treasury in addition to the venture arm’s pool of capital.
Lee says they want to be flexible; there’s a wide range of project sizes, and team sizes, so some of the investments will be venture-sized checks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa,africa_business_radio,gamefi,gaming_studio,nft,south_africa,startup,tech_news,web3falsefullhttps://www.spreaker.com/episode/tiktok-accused-of-fuel-misinformation-political-tension-in-kenya--50154396Mozilla made the conclusion after reviewing 130 highly-watched videos sharing content filled with hate speech, incitement and political disinformation.
Mozilla Tech and Society Fellow Odanga Madung say the videos were not purged from the short video platform, which is among the most popular social sites in the East African country.
Madung reviewed content shared through popular political hashtags, names of political candidates, key locations, political parties, and ethnic communities earlier this year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50154396Fri, 10 Jun 2022 13:20:11 +0000Africa Business RadioNew research by Mozilla Foundation says TikTok is fueling misinformation and political tension in Kenya ahead of its August general elections. Mozilla made the conclusion after reviewing 130 highly-watched videos sharing content filled with hate...Mozilla made the conclusion after reviewing 130 highly-watched videos sharing content filled with hate speech, incitement and political disinformation.
Mozilla Tech and Society Fellow Odanga Madung say the videos were not purged from the short video platform, which is among the most popular social sites in the East African country.
Madung reviewed content shared through popular political hashtags, names of political candidates, key locations, political parties, and ethnic communities earlier this year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>113africa,africa_business_radio,kenya,tech_news,tiktok,top_podcastfalsefullhttps://www.spreaker.com/episode/india-s-central-bank-to-allow-linking-credit-cards-with-upi--50154333Governor of Reserve Bank of India at a briefing, Shaktikanta Das says UPI facilitates transactions by linking savings or current accounts through users’ debit cards.
He says it is now proposed to allow the linking of credit cards on the UPI platform, to begin with, the RuPay credit cards will be linked to UPI.
UPI, a five-year-old payments protocol built by a coalition of retail banks, is the most popular way Indians transact money.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50154333Fri, 10 Jun 2022 13:15:47 +0000Africa Business RadioIndia’s central bank proposed integration between UPI and credit cards as a significant boost for a fast-growing payments protocol that has become the most popular way individuals in the South Asian market transact online. Governor of Reserve Bank...Governor of Reserve Bank of India at a briefing, Shaktikanta Das says UPI facilitates transactions by linking savings or current accounts through users’ debit cards.
He says it is now proposed to allow the linking of credit cards on the UPI platform, to begin with, the RuPay credit cards will be linked to UPI.
UPI, a five-year-old payments protocol built by a coalition of retail banks, is the most popular way Indians transact money.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>109africa,africa_business_radio,credit_card,india,tech_news,upifalsefullhttps://www.spreaker.com/episode/facebook-and-instagram-s-parent-company-to-change-its-stock-ticker-to-meta--50026345Execs said that after ten years as FB, its NASDAQ listing would transition to MVRS for the metaverse. However, after the investment fund listed under META vacated the symbol in January, Meta Platforms quickly confirmed that it would use META instead, while at the same time announcing its first drop in daily active users, ever.
Now it has filed paperwork saying the shift will become official before the market opens on June 9th.
The company says is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50026345Wed, 01 Jun 2022 14:52:31 +0000Africa Business RadioWhen the company formerly known as Facebook announced its plan to rebrand, it also announced a new stock ticker. Execs said that after ten years as FB, its NASDAQ listing would transition to MVRS for the metaverse. However, after the investment...Execs said that after ten years as FB, its NASDAQ listing would transition to MVRS for the metaverse. However, after the investment fund listed under META vacated the symbol in January, Meta Platforms quickly confirmed that it would use META instead, while at the same time announcing its first drop in daily active users, ever.
Now it has filed paperwork saying the shift will become official before the market opens on June 9th.
The company says is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,facebook,instagram,meta,nasdaq,social_media,tech_news,technologyfalsefullhttps://www.spreaker.com/episode/twitter-to-pay-millions-in-fines-after-privacy-violations-allegation--50026298According to the federal lawsuit, Twitter failed to tell its users for years that it used its contact information to help marketers target their advertising in violation of a 2011 privacy settlement with the Federal Trade Commission.
FTC Chair Lina Khan says this practice affected more than 140 million Twitter users while boosting Twitter's primary source of revenue.
Twitter says that the use of the personal information for ads was inadvertent and that the incident was first disclosed in 2019.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50026298Wed, 01 Jun 2022 14:43:13 +0000Africa Business RadioTwitter has agreed to pay $150 million in fines after the US government sued the social media company alleging that it misled consumers about how it protects their personal data. According to the federal lawsuit, Twitter failed to tell its users for...According to the federal lawsuit, Twitter failed to tell its users for years that it used its contact information to help marketers target their advertising in violation of a 2011 privacy settlement with the Federal Trade Commission.
FTC Chair Lina Khan says this practice affected more than 140 million Twitter users while boosting Twitter's primary source of revenue.
Twitter says that the use of the personal information for ads was inadvertent and that the incident was first disclosed in 2019.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>102africa_business_radio,federal_commission,ftc,privacy_violation,revenue,twitterfalsefullhttps://www.spreaker.com/episode/elon-musk-faced-sec-questions-over-his-timing-in-disclosing-twitter-stake--50026220The SEC asked him to advise why the initial disclosure does not appear to have been made within the required 10 days from the date on which he acquired a stake in the company greater than 5%.
Musk had previously made several comments on Twitter suggesting he felt changes needed to be made to the platform.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50026220Wed, 01 Jun 2022 14:36:46 +0000Africa Business RadioElon Musk has faced questions from the US Securities and Exchange Commission about how and when he disclosed his large stake in Twitter last month, prior to agreeing to buy the social media company. The SEC asked him to advise why the initial...The SEC asked him to advise why the initial disclosure does not appear to have been made within the required 10 days from the date on which he acquired a stake in the company greater than 5%.
Musk had previously made several comments on Twitter suggesting he felt changes needed to be made to the platform.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>86africa_business_radio,security_exchange,social_media,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/cydias-antitrust-case-against-apple-to-proceed--50026135The Cydia app store, which once featured apps and other tweaks that weren’t permitted by Apple’s official App Store policies, is suing Apple for its alleged unlawful monopoly over iOS app distribution — a monopoly that contributed to the end of Cydia’s business.
Judge Gonzalez Rogers has rejected Apple’s motion to dismiss it. Apple had again argued Cydia’s allegations fell outside the four-year window allowed under federal antitrust law, reported Reuters, which first noted the lawsuit’s update recently.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50026135Wed, 01 Jun 2022 14:31:44 +0000Africa Business RadioA federal antitrust lawsuit over the long-shuttered alternative app store called Cydia has now been given the green light to proceed after its initial complaint was dismissed. The Cydia app store, which once featured apps and other tweaks that...The Cydia app store, which once featured apps and other tweaks that weren’t permitted by Apple’s official App Store policies, is suing Apple for its alleged unlawful monopoly over iOS app distribution — a monopoly that contributed to the end of Cydia’s business.
Judge Gonzalez Rogers has rejected Apple’s motion to dismiss it. Apple had again argued Cydia’s allegations fell outside the four-year window allowed under federal antitrust law, reported Reuters, which first noted the lawsuit’s update recently.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,apple,lawsuit,newsfalsefullhttps://www.spreaker.com/episode/supreme-court-pauses-controversial-texas-social-media-bill--50025999The law, HB 20, prohibits tech platforms from removing or restricting content based on the viewpoint represented in the user’s expression and was designed with conservative claims of tech’s liberal ideological bias in mind.
The Supreme Court ruling isn’t the final word on HB 20, which still faces a lawsuit from two tech industry groups, the Computer and Communications Industry Association and NetChoice, challenging its constitutionality.
The tech trade groups asked the Supreme Court to intervene with an emergency stay.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50025999Wed, 01 Jun 2022 14:26:22 +0000Africa Business RadioThe Supreme Court just blocked a controversial law that allows Texas residents and the attorney general to sue social media companies over their content-moderation decisions. The law, HB 20, prohibits tech platforms from removing or restricting...The law, HB 20, prohibits tech platforms from removing or restricting content based on the viewpoint represented in the user’s expression and was designed with conservative claims of tech’s liberal ideological bias in mind.
The Supreme Court ruling isn’t the final word on HB 20, which still faces a lawsuit from two tech industry groups, the Computer and Communications Industry Association and NetChoice, challenging its constitutionality.
The tech trade groups asked the Supreme Court to intervene with an emergency stay.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>98africa_business_radio,social_media_bill,tech_news,technology,texasfalsefullhttps://www.spreaker.com/episode/south-africa-s-talk360-raises-4m-to-build-single-payment-platform-for-africa--50025962It says this product will open up businesses to the largest pool of localized payment options in Africa.
The startup is also looking to expand its international calling operations across Africa after closing a $4 million seed funding round, led by HAVAÍC.
Talk360 co-founder and managing director for Africa Dean Hiine told TechCrunch he anticipates great growth for its payment platform, which he says will also make it easy for international merchants to sell to users in Africa too.
He added that the startup decided to build its own payment platform informed of the need to make payment and checkout easy for its users in Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50025962Wed, 01 Jun 2022 14:13:36 +0000Africa Business RadioTalk360 is looking to bridge the challenge of establishing payment services as it creates a new payment platform that will integrate all available payment options across Africa. It says this product will open up businesses to the largest pool of...It says this product will open up businesses to the largest pool of localized payment options in Africa.
The startup is also looking to expand its international calling operations across Africa after closing a $4 million seed funding round, led by HAVAÍC.
Talk360 co-founder and managing director for Africa Dean Hiine told TechCrunch he anticipates great growth for its payment platform, which he says will also make it easy for international merchants to sell to users in Africa too.
He added that the startup decided to build its own payment platform informed of the need to make payment and checkout easy for its users in Africa.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>99africa,africa_business_radio,news,payment_platform,seed_funding,south_africafalsefullhttps://www.spreaker.com/episode/cairo-angels-syndicate-fund-announces-its-third-investment-in-africa--50025933Finclusion offers buy-now-pay-later services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.
The startup reportedly has over 240,000 customers across its 5 markets and has disbursed over $310 million in loans since launch. So far, CASF’s investment is the startup’s third raise since launch. In September 2021, it raised $20 million in a partnership with Lendable.
CEO of the Cairo Angels Syndicate Fund, Aly El Shalakany says their mission is to invest and support incredible founders building digital platforms to solve essential problems.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50025933Wed, 01 Jun 2022 14:10:12 +0000Africa Business RadioThe Cairo Angels Syndicate Fund has announced an undisclosed investment in Finclusion Group, a sub-Saharan African fintech platform. Finclusion offers buy-now-pay-later services, salary advance schemes, loan services, and transactional banking to...Finclusion offers buy-now-pay-later services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.
The startup reportedly has over 240,000 customers across its 5 markets and has disbursed over $310 million in loans since launch. So far, CASF’s investment is the startup’s third raise since launch. In September 2021, it raised $20 million in a partnership with Lendable.
CEO of the Cairo Angels Syndicate Fund, Aly El Shalakany says their mission is to invest and support incredible founders building digital platforms to solve essential problems.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>114africa_business_radio,finclusion,fund,investment,loan_service,startup,tech_newsfalsefullhttps://www.spreaker.com/episode/elon-musk-s-starlink-receives-approval-to-provide-internet-service-in-nigeria-and-mozambique--50025837The company received two licenses, which include the International Gateway license and Internet Service Provider license, and will be trading as Starlink Internet Services Nigeria Ltd.
The Nigerian Communications Commission says the International Gateway license has a 10-year tenure while the ISP license is to last for five years.
The NCC says both licenses take effect from May 2022 and may be renewed after the expiration.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/50025837Wed, 01 Jun 2022 14:05:43 +0000Africa Business RadioTesla CEO Elon Musk announced on Twitter that Starlink, the satellite internet service launched by SpaceX, his space exploration company, has been approved in Nigeria and Mozambique. The company received two licenses, which include the International...The company received two licenses, which include the International Gateway license and Internet Service Provider license, and will be trading as Starlink Internet Services Nigeria Ltd.
The Nigerian Communications Commission says the International Gateway license has a 10-year tenure while the ISP license is to last for five years.
The NCC says both licenses take effect from May 2022 and may be renewed after the expiration.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>94africa_business_radio,internet_service,mozamibque,ncc,nigeria,starlink,tech_news,tesla,twitterfalsefullhttps://www.spreaker.com/episode/canada-to-ban-huawei-zte-5g-equipment--49965333Industry Minister Francois-Philippe Champagne says Providers who already have this equipment installed will be required to cease its use and remove it under the plans announced
Champagne added that companies will be required to remove their 5G gear by June 2024, and would not be reimbursed. Companies using their 4G equipment must be removed by the end of 2027.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49965333Fri, 27 May 2022 09:52:05 +0000Africa Business RadioCanada says it plans to ban the use of China's Huawei Technologies and ZTE 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. Industry Minister Francois-Philippe Champagne says Providers...Industry Minister Francois-Philippe Champagne says Providers who already have this equipment installed will be required to cease its use and remove it under the plans announced
Champagne added that companies will be required to remove their 5G gear by June 2024, and would not be reimbursed. Companies using their 4G equipment must be removed by the end of 2027.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>715g,africa_business_radio,canada,china,five_eye_intelligence,hauwei,tech_news,ztefalsefullhttps://www.spreaker.com/episode/mark-zuckerberg-sued-over-his-handling-of-the-cambridge-analytica-incident--49965319The suit, filed in DC superior court, represents Racine's latest attempt to hold Zuckerberg personally liable after a judge rejected an attempt last year to name Zuckerberg as a defendant in an ongoing suit against Facebook over the same issue.
Racine says this unprecedented security breach exposed tens of millions of Americans' personal information. Mr Zuckerberg's policies enabled a multi-year effort to mislead users about the extent of Facebook's wrongful conduct.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49965319Fri, 27 May 2022 09:48:01 +0000Africa Business RadioWashington, DC, Attorney General Karl Racine sued Mark Zuckerberg accusing the Facebook co-founder of misleading the public on the company's handling of privacy and personal data in connection with the Cambridge Analytica scandal. The suit, filed in...The suit, filed in DC superior court, represents Racine's latest attempt to hold Zuckerberg personally liable after a judge rejected an attempt last year to name Zuckerberg as a defendant in an ongoing suit against Facebook over the same issue.
Racine says this unprecedented security breach exposed tens of millions of Americans' personal information. Mr Zuckerberg's policies enabled a multi-year effort to mislead users about the extent of Facebook's wrongful conduct.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,cambridge_analytica_scandal,facebook,meta,personal_data,privacy,tech_news,zuckerbergfalsefullhttps://www.spreaker.com/episode/indiana-selected-for-stellantis-2-5-billion-ev-battery-factory-with-samsung--49965148Mark Stewart, chief operating officer of Stellantis, says the new facility will create 1,400 new jobs and cost $2.5 billion to construct, though Stellantis and Samsung are willing to spend up to $3 billion on the project adding the cost will be split between the two companies.
Stellantis had previously announced that it will build a $4.1 billion EV battery plant, along with LG Energy Solution, in Windsor, Ontario.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49965148Fri, 27 May 2022 09:37:46 +0000Africa Business RadioStellantis, the parent company of Dodge, Jeep, and Chrysler, has selected Kokomo, Indiana, as the site for its next electric vehicle battery factory. Mark Stewart, chief operating officer of Stellantis, says the new facility will create 1,400 new...Mark Stewart, chief operating officer of Stellantis, says the new facility will create 1,400 new jobs and cost $2.5 billion to construct, though Stellantis and Samsung are willing to spend up to $3 billion on the project adding the cost will be split between the two companies.
Stellantis had previously announced that it will build a $4.1 billion EV battery plant, along with LG Energy Solution, in Windsor, Ontario.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>77africa_business_radio,chrysler,dodge,evbatteryfactory,indiana,jeep,samsung,stellantis,tech_newsfalsefullhttps://www.spreaker.com/episode/google-to-curb-location-tracking-before-roe-repeal--49965054The democrats in the letter say they believe that abortion is health care and will fight tooth and nail to ensure that it remains recognized as a fundamental right.
They said Google’s current practice of collecting and retaining extensive records of cell phone location data will allow it to become a tool for far-right extremists looking to crack down on people seeking reproductive health care.
The letter specifically references geofence warrants, a controversial technique in which law enforcement agencies request that tech companies provide data on all mobile phones that passed through a geographically defined area in a certain time period.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49965054Fri, 27 May 2022 09:26:24 +0000Africa Business RadioA group of more than 40 Democratic members of Congress has asked Google to stop collecting and retaining unnecessary location data out of fear that it could be used to identify and prosecute people who have obtained abortions. The democrats in the...The democrats in the letter say they believe that abortion is health care and will fight tooth and nail to ensure that it remains recognized as a fundamental right.
They said Google’s current practice of collecting and retaining extensive records of cell phone location data will allow it to become a tool for far-right extremists looking to crack down on people seeking reproductive health care.
The letter specifically references geofence warrants, a controversial technique in which law enforcement agencies request that tech companies provide data on all mobile phones that passed through a geographically defined area in a certain time period.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>99africa_business_radio,data_collection,democrats,goggle,health_care,tech_news,u.s_congressfalsefullhttps://www.spreaker.com/episode/twitter-rebrands-media-website-for-content-creators--49965009The social media giant says the website is a new hub for creators to access resources, product information and tips for getting the most out of Twitter.
With this new rebrand, the company says it wants to make it easier for creators to understand how they can use Twitter’s creator products and connect with other creators.
As part of the new change, the @TwitterMedia handle is now @TwitterCreate.
Twitter says that by breaking down resources by categories, creators will be able to easily find content that is tailored to them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49965009Fri, 27 May 2022 09:16:24 +0000Africa Business RadioTwitter announced that it has rebranded its Twitter Media website to Twitter Create. The social media giant says the website is a new hub for creators to access resources, product information and tips for getting the most out of Twitter. With...The social media giant says the website is a new hub for creators to access resources, product information and tips for getting the most out of Twitter.
With this new rebrand, the company says it wants to make it easier for creators to understand how they can use Twitter’s creator products and connect with other creators.
As part of the new change, the @TwitterMedia handle is now @TwitterCreate.
Twitter says that by breaking down resources by categories, creators will be able to easily find content that is tailored to them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>78africa_business_radio,content_creators,rebranding,social_media,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/bumble-expand-further-into-social-networking-with-new-communities-feature--49964949TechCrunch reports that Bumble was venturing more into the social networking space, and Bumble recently hinted at this development during its first-quarter earnings, announced this month.
The company described the test as offering new ways for people to discover and get to know each other around shared joys and common struggles.
Bumble founder and CEO Whitney Wolfe Herd added that, so far, over 40% of active BFF users were engaging with the new experiences being tested and the feature’s one-month retention was upward of 75%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49964949Fri, 27 May 2022 09:09:17 +0000Africa Business RadioDating platform Bumble is looking to enhance its non-dating social features with a further investment into its Bumble BFF feature, first launched in 2016. TechCrunch reports that Bumble was venturing more into the social networking space, and Bumble...TechCrunch reports that Bumble was venturing more into the social networking space, and Bumble recently hinted at this development during its first-quarter earnings, announced this month.
The company described the test as offering new ways for people to discover and get to know each other around shared joys and common struggles.
Bumble founder and CEO Whitney Wolfe Herd added that, so far, over 40% of active BFF users were engaging with the new experiences being tested and the feature’s one-month retention was upward of 75%.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,bumble,communty_features,dating_platform,social_networking,tech_newsfalsefullhttps://www.spreaker.com/episode/cryptocurrency-company-bitnob-signs-sponsorship-deal-with-nigeria-s-professional-football-league--49964930Amaju Pinnick, the NFF president, commended the CEO of Bitnob and assured him of the NFF’s support adding that they would help Bitnob get all the possible leverage from the deal.
Bernard Parah, CEO of Bitnob, acknowledged that the day was a big day for him personally and his team and thanked everybody present to witness the milestone.
He added that Bitnob is coming on board to sponsor the NPFL to add value and derive value, saying it is Bitnob’s chance to contribute something positive to the nation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49964930Fri, 27 May 2022 09:03:38 +0000Africa Business RadioThe official unveiling of Bitnob, a financial technology company, has been unveiled as the official elite sponsor for the Nigerian professional football league. Amaju Pinnick, the NFF president, commended the CEO of Bitnob and assured him of the...Amaju Pinnick, the NFF president, commended the CEO of Bitnob and assured him of the NFF’s support adding that they would help Bitnob get all the possible leverage from the deal.
Bernard Parah, CEO of Bitnob, acknowledged that the day was a big day for him personally and his team and thanked everybody present to witness the milestone.
He added that Bitnob is coming on board to sponsor the NPFL to add value and derive value, saying it is Bitnob’s chance to contribute something positive to the nation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,bitnob,cryptocurrency,football_league,nigeria,npfl,sponsorship,tech_newsfalsefullhttps://www.spreaker.com/episode/nigeria-to-generate-over-90-billion-annually-from-new-phone-call-tax--49964912The law defines the vulnerable group in society as Children under five, pregnant women, aged, physically and mentally challenged persons, and indigent people as may be defined from time to time.
The provisions of Section 26 sub-section 1c of the Act state that the source of money for the Vulnerable Group Fund includes telecommunications tax, not less than one kobo per second of GSM calls.
The new tax will generate at least 9.05 trillion Kobo, which converts to ₦90.49 billion annually.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49964912Fri, 27 May 2022 08:58:16 +0000Africa Business RadioThe Nigerian government has created a new tax on phone calls in the bid to fund free healthcare for Nigerian citizens who cannot afford healthcare—the vulnerable group. The law defines the vulnerable group in society as Children under five,...The law defines the vulnerable group in society as Children under five, pregnant women, aged, physically and mentally challenged persons, and indigent people as may be defined from time to time.
The provisions of Section 26 sub-section 1c of the Act state that the source of money for the Vulnerable Group Fund includes telecommunications tax, not less than one kobo per second of GSM calls.
The new tax will generate at least 9.05 trillion Kobo, which converts to ₦90.49 billion annually.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>101africa_business_radio,healthcare,nigeria,phone_tax_call,tech_news,telecommunication_taxfalsefullhttps://www.spreaker.com/episode/kucoin-raises-150-million-to-further-its-exploration-into-web3--49874148Tak Fujishima, Head of Asia, Jump Crypto says KuCoin provides a comprehensive platform of crypto services to a global audience, which is one of the many reasons they’re proud to lead this round.
Tak says this new funding will be used to expand its services beyond centralized trading and grow its presence in Web3 and its decentralized ecosystem.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49874148Fri, 20 May 2022 10:29:48 +0000Africa Business RadioKuCoin, a leading cryptocurrency exchange, has raised $150 million in a pre-Series B funding round led by Jump Crypto, the investment arm of US proprietary trading firm, Jump Trading, to further its Web3 presence and offerings. Tak Fujishima, Head...Tak Fujishima, Head of Asia, Jump Crypto says KuCoin provides a comprehensive platform of crypto services to a global audience, which is one of the many reasons they’re proud to lead this round.
Tak says this new funding will be used to expand its services beyond centralized trading and grow its presence in Web3 and its decentralized ecosystem.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>84africa_business_radio,crypto_currency,kucoin,seed_funding,tech_news,trading_firm,web3.0falsefullhttps://www.spreaker.com/episode/candle-media-by-former-disney-execs-acquires-gen-z-focused-attn-for-100m--49874070The company announced it will become the new owner of ATTN: a media company that uses entertainment to discuss topical issues that help explain the world to a younger audience, particularly those who consume content on social media.
Candle explained its interest in ATTN: had to do with the company’s ability to effectively engage a social audience.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49874070Fri, 20 May 2022 10:20:41 +0000Africa Business RadioCandle Media, the new media company headed by former Disney execs, Kevin Mayer and Tom Staggs, has made another acquisition this time with an eye on social storytelling and reaching a Gen Z to a millennial audience. The company announced it will...The company announced it will become the new owner of ATTN: a media company that uses entertainment to discuss topical issues that help explain the world to a younger audience, particularly those who consume content on social media.
Candle explained its interest in ATTN: had to do with the company’s ability to effectively engage a social audience.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>92africa_business_radio,attn:,candle_media,disney,genz,storytelling,tech_newsfalsefullhttps://www.spreaker.com/episode/musk-suspends-twitter-buy-until-platform-proves-less-than-5-of-users-are-spambots--49874024Now Musk Is Pausing Twitter Buy Until Platform Proves Less Than 5 Of Users Are Spambots
Twitter is currently in the midst of an existential crisis with spambots holding up Twitter's deal with this announcement.
Here is the tee!
Elon Musk doubled down on his previous tweets basically saying that if Twitter CEO Parag Agrawal is unable to back up claims that the number of spam and/or fake accounts is around the 5% the company says, Musk’s deal to acquire Twitter will not move forward.
Musk's action then begs the question: Does Elon Musk really even want to buy Twitter? Because it’s been one drama to the other

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49874024Fri, 20 May 2022 10:16:27 +0000Africa Business RadioThe next story is one that shook and is still shaking the market, it has to do with Elon Musk and Twitter, Now Musk Is Pausing Twitter Buy Until Platform Proves Less Than 5 Of Users Are Spambots Twitter is currently in the midst of an...Now Musk Is Pausing Twitter Buy Until Platform Proves Less Than 5 Of Users Are Spambots
Twitter is currently in the midst of an existential crisis with spambots holding up Twitter's deal with this announcement.
Here is the tee!
Elon Musk doubled down on his previous tweets basically saying that if Twitter CEO Parag Agrawal is unable to back up claims that the number of spam and/or fake accounts is around the 5% the company says, Musk’s deal to acquire Twitter will not move forward.
Musk's action then begs the question: Does Elon Musk really even want to buy Twitter? Because it’s been one drama to the other

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>96africa_business_radio,musk,spambots,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/cyberconnect-raise-15-million-series-a-to-put-data-back-in-hands-of-users--49873992This is a step in the right direction.
CyberConnect CEO and cofounder Wilson Wei say in web2, that companies with the largest social network own users’ social graphs and build walls around them to stem competition and advance corporate interests.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49873992Fri, 20 May 2022 10:11:51 +0000Africa Business RadioNow, One of the promises made by web3 entrepreneurs is putting data back in the hands of owners through decentralization and Singapore-based CyberConnect one of the handful of blockchain startups working to fulfil this vision has closed a Series A...This is a step in the right direction.
CyberConnect CEO and cofounder Wilson Wei say in web2, that companies with the largest social network own users’ social graphs and build walls around them to stem competition and advance corporate interests.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>85africa_business_radio,block_chain,cyber_connect,seed_funding,singapore,social_network,tech_newsfalsefullhttps://www.spreaker.com/episode/the-sachin-bansal-firm-has-failed-to-secure-india-bank-permit--49873971This is a major setback to Flipkart billionaire Sachin Bansal, who has been looking to take his newer venture, Navi, public.
Their reason for this rejection is that they were not found suitable for running full-fledged banks in the world’s second-most populated market.
The Reserve Bank of India actually rejected three other applications including Bansal’s Chaitanya making it four.
Bansal says Navi will analyze the central bank’s decision and evaluate options. Bansal says they will ask the RBI the reason behind this decision adding that the decision was not the end of the road for the startup.
Yes, I agree with them, this setback is definitely not the end of the road.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49873971Fri, 20 May 2022 10:05:47 +0000Africa Business RadioThe Indian central bank has rejected the application of Chaitanya India Fin Credit seeking permission to become a bank. This is a major setback to Flipkart billionaire Sachin Bansal, who has been looking to take his newer venture, Navi, public....This is a major setback to Flipkart billionaire Sachin Bansal, who has been looking to take his newer venture, Navi, public.
Their reason for this rejection is that they were not found suitable for running full-fledged banks in the world’s second-most populated market.
The Reserve Bank of India actually rejected three other applications including Bansal’s Chaitanya making it four.
Bansal says Navi will analyze the central bank’s decision and evaluate options. Bansal says they will ask the RBI the reason behind this decision adding that the decision was not the end of the road for the startup.
Yes, I agree with them, this setback is definitely not the end of the road.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>112africa_business_radio,fin_credit,india,navi,tech_newsfalsefullhttps://www.spreaker.com/episode/google-unveils-first-smartwatch-new-phones-virtual-cards--49873930The tech giant announced 3 new smartphones and its first in-house smartwatch as well as plans to release a new tablet next year.
Google also announced updates to several of its most popular tools including Maps, Google Translate and its core search product and that it’s getting back to releasing tablets which will be released in 2023. We are looking forward to that!

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49873930Fri, 20 May 2022 10:01:35 +0000Africa Business RadioOne Of the big shots in the tech space, Google held its annual developer conference where it revealed an expanded line of new products and services. The tech giant announced 3 new smartphones and its first in-house smartwatch as well as plans to...The tech giant announced 3 new smartphones and its first in-house smartwatch as well as plans to release a new tablet next year.
Google also announced updates to several of its most popular tools including Maps, Google Translate and its core search product and that it’s getting back to releasing tablets which will be released in 2023. We are looking forward to that!

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>80africa_business_radio,google,smart_computers,smartphones,smartwatch,tablets,tech_newsfalsefullhttps://www.spreaker.com/episode/safaricom-to-launch-commercial-operation-in-ethiopia--49873892Safaricom CEO Peter Ndegwa says they have made the first test call, sent the first test SMS and completed the first test data session.
Safaricom increased its service revenue by 12.3% to KES 281.11 billion $2.42 billion and profit by 13.5% to KES 109.13 billion $940 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49873892Fri, 20 May 2022 09:56:50 +0000Africa Business RadioSafaricom is making waves, I mean it is the largest telecommunications provider in Kenya and now it Plans to Launch Commercial Operations in Ethiopia. The branch in Ethiopia is planning to bring mobile financial services to Ethiopia. Safaricom CEO...Safaricom CEO Peter Ndegwa says they have made the first test call, sent the first test SMS and completed the first test data session.
Safaricom increased its service revenue by 12.3% to KES 281.11 billion $2.42 billion and profit by 13.5% to KES 109.13 billion $940 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>78africa_business_radio,commercial_operation,ethiopia,financial_service,kenya,safaricom,tech_newsfalsefullhttps://www.spreaker.com/episode/interswitch-has-raised-110m-for-joint-investment--49873758However, it has not confirmed the amount it received from the firms but says the precise terms of the transaction have not been disclosed.
In case you don’t know, Interswitch is an Africa-focused integrated digital payments and commerce company which facilitates the electronic exchange of money and the funding will aid in its expansion across the continent and the provision of digital payment services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49873758Fri, 20 May 2022 09:49:02 +0000Africa Business RadioThe African payments company has announced an investment from LeapFrog Investments and Tana Africa Capital. However, it has not confirmed the amount it received from the firms but says the precise terms of the transaction have not been disclosed....However, it has not confirmed the amount it received from the firms but says the precise terms of the transaction have not been disclosed.
In case you don’t know, Interswitch is an Africa-focused integrated digital payments and commerce company which facilitates the electronic exchange of money and the funding will aid in its expansion across the continent and the provision of digital payment services.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>69africa_business_radio,commerce,digital_payment,electrical_company,interswitch,investment,tech_newsfalsefullhttps://www.spreaker.com/episode/topship-closed-2-5m-seed-to-build-africa-s-flexport--49873605The round was led by Y Combinator, Flexport (the world’s leading digital freight forwarding company) among others
The CEO says they are experimenting and arriving at different iterations of their solution.
He also added that they are building Flexport for Africa and following the shipping giant’s blueprint with direction in product and business model since then has mirrored that of the logistic giant.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49873605Fri, 20 May 2022 09:40:31 +0000Africa Business RadioTopship, a Lagos-based logistics startup helping African businesses export and import goods worldwide, has closed a $2.5m seed round to improve its technology and fuel growth. The round was led by Y Combinator, Flexport (the world’s leading digital...The round was led by Y Combinator, Flexport (the world’s leading digital freight forwarding company) among others
The CEO says they are experimenting and arriving at different iterations of their solution.
He also added that they are building Flexport for Africa and following the shipping giant’s blueprint with direction in product and business model since then has mirrored that of the logistic giant.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>77africa,africa_business_radio,business,digital_freight,flexport,investment,lagos,port,seed_funding,shipping,start_up,tech_newsfalsefullhttps://www.spreaker.com/episode/tech-giants-defends-environmental-impact-of-bitcoin-mining--49676681Rep. Jared Huffman along with nearly two dozen House legislators, wrote to the EPA last week asking that the regulatory body ensure mining companies are in compliance with the Clean Air Act and Clean Water Act, citing serious concerns regarding reports that cryptocurrency facilities across the country are polluting communities and are having an outsized contribution to greenhouse gas emissions.
A mix of bitcoin miners and industry experts make the case that House Democrats got a lot wrong in their messaging about the fundamentals of proof-of-work mining.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49676681Thu, 05 May 2022 14:38:15 +0000Africa Business RadioSome of the biggest names in bitcoin including Jack Dorsey, Tom Lee, and Michael Saylor have banded together to refute claims made by House Democrats calling on the Environmental Protection Agency to investigate the environmental effects of crypto...Rep. Jared Huffman along with nearly two dozen House legislators, wrote to the EPA last week asking that the regulatory body ensure mining companies are in compliance with the Clean Air Act and Clean Water Act, citing serious concerns regarding reports that cryptocurrency facilities across the country are polluting communities and are having an outsized contribution to greenhouse gas emissions.
A mix of bitcoin miners and industry experts make the case that House Democrats got a lot wrong in their messaging about the fundamentals of proof-of-work mining.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>65africa_business_radio,bitcoin_mining,cryptocurrency,jack_dorsey,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/buffett-acquires-more-apple-stock-last-quarter--49676629Berkshire Hathaway’s chairman and CEO told CNBC’s Becky Quick that he scooped up $600 million worth of Apple shares following a three-day decline in the stock last quarter.
Apple is the conglomerate’s single largest stock holding with a value of $159.1 billion at the end of March, taking up about 40% of its equity portfolio.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49676629Thu, 05 May 2022 14:33:57 +0000Africa Business RadioWarren Buffett bought the dip in his No. 1 stock Apple during the tech giant’s sell-off in the first quarter. Berkshire Hathaway’s chairman and CEO told CNBC’s Becky Quick that he scooped up $600 million worth of Apple shares following a three-day...Berkshire Hathaway’s chairman and CEO told CNBC’s Becky Quick that he scooped up $600 million worth of Apple shares following a three-day decline in the stock last quarter.
Apple is the conglomerate’s single largest stock holding with a value of $159.1 billion at the end of March, taking up about 40% of its equity portfolio.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>46africa_business_radio,apple,equity_portfolio,investment,shares,tech_newsfalsefullhttps://www.spreaker.com/episode/us-securities-and-exchange-commission-doubles-crypto-enforcement-unit--49676483The SEC cited a booming period for crypto markets and a corresponding responsibility to keep investors safe from the growing risk of fraudulent investment schemes.
Gurbir S. Grewal, director of the SEC’s Division of Enforcement says Crypto markets have exploded in recent years, with retail investors bearing the brunt of abuses in this space.
Grewal says the bolstered Crypto Assets and Cyber Unit will be at the forefront of protecting investors and ensuring fair and orderly markets in the face of these critical challenges.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49676483Thu, 05 May 2022 14:30:38 +0000Africa Business RadioThe US Securities and Exchange Commission announced that it will close to double its cryptocurrency enforcement division, adding another 20 positions to the Crypto Assets and Cyber Unit which has been newly renamed from the Cyber Unit. The SEC cited...The SEC cited a booming period for crypto markets and a corresponding responsibility to keep investors safe from the growing risk of fraudulent investment schemes.
Gurbir S. Grewal, director of the SEC’s Division of Enforcement says Crypto markets have exploded in recent years, with retail investors bearing the brunt of abuses in this space.
Grewal says the bolstered Crypto Assets and Cyber Unit will be at the forefront of protecting investors and ensuring fair and orderly markets in the face of these critical challenges.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>63africa_business_radio,africa_tech_updates,apple_podcast,cryptp_units,cyptocurrency,investment,securitiea_exchange_commission,spotify_podcast,tech_newsfalsefullhttps://www.spreaker.com/episode/bboxx-acquires-ghana-s-peg-africa--49676416The acquisition is still subject to customary closing conditions, including an agreement with lenders.
Institutional lenders like Nairobi- and London-based Sunfunder and Swiss Responsibility, which both finance PEG’s operations, will need to take their time to move entities from PEG to Bboxx.
The source says Bboxx’s overarching ambition is to become one of the biggest next-generation utility companies in the world.
Bboxx has helped more than 5 million people access clean energy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49676416Thu, 05 May 2022 14:18:49 +0000Africa Business RadioBboxx, a London-headquartered cleantech startup that provides clean energy in Africa, has reportedly acquired PEG Africa, another cleantech startup based in Accra, in a deal that pushes its valuation to well over $300 million. The acquisition is...The acquisition is still subject to customary closing conditions, including an agreement with lenders.
Institutional lenders like Nairobi- and London-based Sunfunder and Swiss Responsibility, which both finance PEG’s operations, will need to take their time to move entities from PEG to Bboxx.
The source says Bboxx’s overarching ambition is to become one of the biggest next-generation utility companies in the world.
Bboxx has helped more than 5 million people access clean energy.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>61africa_business_radio,bboxx,clean_energy,cleantech_startup,ghana,tech_newsfalsefullhttps://www.spreaker.com/episode/bunq-to-acquire-group-expenses-app-tricount--49676361Bunq isn’t disclosing the terms of the transaction and the acquisition is pending regulatory approval.
Bunq founder and CEO Ali Niknam says Tricount’s commitment to simplicity, transparency and community perfectly aligns with their own values. Tricount offers additional options.
Tricount has amassed quite a large user base with 5.4 million users. The app is free with ads.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49676361Thu, 05 May 2022 14:11:37 +0000Africa Business RadioBunq, a European challenger bank based in Amsterdam, has announced that it plans to acquire Tricount, a popular mobile app to manage group expenses. Bunq isn’t disclosing the terms of the transaction and the acquisition is pending regulatory...Bunq isn’t disclosing the terms of the transaction and the acquisition is pending regulatory approval.
Bunq founder and CEO Ali Niknam says Tricount’s commitment to simplicity, transparency and community perfectly aligns with their own values. Tricount offers additional options.
Tricount has amassed quite a large user base with 5.4 million users. The app is free with ads.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>56africa_business_radio,amesterdam,bunq,challenger_bank,tech_news,tricountfalsefullhttps://www.spreaker.com/episode/china-warns-tech-giants-against-nft-involvement--49676105The country’s banking, internet finance, and securities associations say NFTs must not be traded with cryptocurrencies, and they must not be used to create securitized products.
The financial associations say the value of NFTs lies in their potential to promote the growth of the creative and cultural industry.
They said users would first have to verify their real identities on these platforms before buying the collectables using China’s fiat currency yuan and are prohibited from reselling the works on secondary markets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49676105Thu, 05 May 2022 14:03:45 +0000Africa Business RadioA group of industry associations in China issued a warning against the potential financial risks of non-fungible tokens, digital assets that represent real-world objects or intangible goods like a song. The country’s banking, internet finance, and...The country’s banking, internet finance, and securities associations say NFTs must not be traded with cryptocurrencies, and they must not be used to create securitized products.
The financial associations say the value of NFTs lies in their potential to promote the growth of the creative and cultural industry.
They said users would first have to verify their real identities on these platforms before buying the collectables using China’s fiat currency yuan and are prohibited from reselling the works on secondary markets.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>61africa_business_radio,crypto_currency,digital_assests,internet_finance,nft,tech_newsfalsefullhttps://www.spreaker.com/episode/amazon-pledges-20-billion-in-exports-from-india-by-2025--49675745Amit Agarwal, SVP of India and Emerging Markets for Amazon, says they are excited to build a strong foundation for MSMEs to realize their export potential, help them become globally competitive and contribute to the honourable Prime Minister’s vision of making India an export powerhouse.
It says the company has enabled merchants from India to sell to customers worldwide through Amazon’s 18 international websites including in countries such as the U.S., the UK, Canada, Mexico, Germany, Spain, Australia and France.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49675745Thu, 05 May 2022 13:43:34 +0000Africa Business RadioAmazon says that it aims to export locally produced Indian goods worth $20 billion by 2025, doubling its initial goal of $10 billion during the same time frame as the e-commerce group attracts over 100,000 exporters in the key overseas market. Amit...Amit Agarwal, SVP of India and Emerging Markets for Amazon, says they are excited to build a strong foundation for MSMEs to realize their export potential, help them become globally competitive and contribute to the honourable Prime Minister’s vision of making India an export powerhouse.
It says the company has enabled merchants from India to sell to customers worldwide through Amazon’s 18 international websites including in countries such as the U.S., the UK, Canada, Mexico, Germany, Spain, Australia and France.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>70africa_business_radio,amazon,e_commerce,export,import,india,tech_newsfalsefullhttps://www.spreaker.com/episode/ventures-platform-adds-10-startups-to-its-portfolio--49675496The firm shared that it had invested in the 10 startups through its newest $40 million funds.
Founder Kola Aina says the launch of a new $40 million fund aimed at finding, funding and supporting groundbreaking market-creating innovation opportunities to create prosperity and position Africa as a formidable force in global markets.
Ventures Platform has backed almost 70 startups including Seamless HR, PiggyVest, Mono, and Paystack.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49675496Thu, 05 May 2022 13:31:13 +0000Africa Business RadioVentures Platform, an early-stage pan-African VC firm, has announced the addition of 10 new African startups to its portfolio. The firm shared that it had invested in the 10 startups through its newest $40 million funds. Founder Kola Aina says...The firm shared that it had invested in the 10 startups through its newest $40 million funds.
Founder Kola Aina says the launch of a new $40 million fund aimed at finding, funding and supporting groundbreaking market-creating innovation opportunities to create prosperity and position Africa as a formidable force in global markets.
Ventures Platform has backed almost 70 startups including Seamless HR, PiggyVest, Mono, and Paystack.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>55africa_business_radio,african_startups,funding,innovations,seed_fund,tech_news,ventures_platformfalsefullhttps://www.spreaker.com/episode/ifc-viva-technology-name-2-nigerian-startups-for-africa-tech-awards--49675135The organisers of the awards say the finalists were selected from a pool of over 300 applications topped by startups from Nigeria.
IFC’s Managing Director Makhtar Diop, says the number and quality of applications received is a testament to Africa’s vibrant tech scene, which has proven to be resilient even in the face of the many challenges brought on by the COVID-19 pandemic.
Viva Technology Co-Presidents Maurice Lévy and Pierre Louette, and Managing Director Julie Ranty, say Africa is a breeding ground for talent and new ideas, and we are delighted to see so many innovative entrepreneurs participating in this first edition of the AfricaTech Awards.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49675135Thu, 05 May 2022 13:27:23 +0000Africa Business RadioThe International Finance Corporation and Viva Technology have listed two Nigerian startups, Primed E-health and Koolboks among 45 African startups driving innovations on the continent. The organisers of the awards say the finalists were selected...The organisers of the awards say the finalists were selected from a pool of over 300 applications topped by startups from Nigeria.
IFC’s Managing Director Makhtar Diop, says the number and quality of applications received is a testament to Africa’s vibrant tech scene, which has proven to be resilient even in the face of the many challenges brought on by the COVID-19 pandemic.
Viva Technology Co-Presidents Maurice Lévy and Pierre Louette, and Managing Director Julie Ranty, say Africa is a breeding ground for talent and new ideas, and we are delighted to see so many innovative entrepreneurs participating in this first edition of the AfricaTech Awards.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>70africa,africa_business_radio,koolbooks,prime_ehealth,start_ups,tech_news,viva_technologyfalsefullhttps://www.spreaker.com/episode/sonarsource-raises-412m-to-scan-codebases-for-bugs-and-vulnerabilities--49569627SonarSource announced that it raised $412 million in a funding round co-led by Advent International and General Catalyst at a $4.7 billion valuation.
SonarSource CEO Olivier Gaudin says organizations across all industries have long understood that software is critical to running their businesses.
Gaudin says he launched SonarSource to enable developers to administer best code quality practices that, in theory, could help to fix problematic code.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569627Wed, 27 Apr 2022 14:04:44 +0000Africa Business RadioProducts have emerged over the years to address the problem of code maintenance, including the cloud-based code quality management service SonarSource. SonarSource announced that it raised $412 million in a funding round co-led by Advent...SonarSource announced that it raised $412 million in a funding round co-led by Advent International and General Catalyst at a $4.7 billion valuation.
SonarSource CEO Olivier Gaudin says organizations across all industries have long understood that software is critical to running their businesses.
Gaudin says he launched SonarSource to enable developers to administer best code quality practices that, in theory, could help to fix problematic code.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>56africa_business_radio,coding,coding_maintenance,sonar_source,tech_newsfalsefullhttps://www.spreaker.com/episode/twitter-accepts-elon-musk-s-44billion-acquisition-offer--49569599Twitter’s Independent Board Chair Bret Taylor says the Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing.
He says the proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.
Musk repeated that free speech is the key to Twitter’s future adding that new products, fighting spam and opening up its algorithms, are things the company was already in the process of doing prior to his dramatic intervention.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569599Wed, 27 Apr 2022 14:02:08 +0000Africa Business RadioTwitter has announced that it has accepted Musk’s offer to acquire the publicly traded company at $54.20/share, valuing the social media platform at $44 billion. Twitter’s Independent Board Chair Bret Taylor says the Twitter Board conducted a...Twitter’s Independent Board Chair Bret Taylor says the Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing.
He says the proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.
Musk repeated that free speech is the key to Twitter’s future adding that new products, fighting spam and opening up its algorithms, are things the company was already in the process of doing prior to his dramatic intervention.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>62africa_business_radio,elon_musk,free_speech,social_media,tech_news,twitterfalsefullhttps://www.spreaker.com/episode/china-import-and-export-fair-launches-online-sales--49569564The debut events will provide buyers around the world with innovative achievements in advanced technology, intelligent manufacturing, better lifestyle, low-carbon environmental protection and trade services.
Alan Liu, Deputy Director-General of the Foreign Affairs Office of the Canton Fair says they have decided to present these showcases at the Canton Fair from more than 600 registered companies based on company qualifications and product distinguishing features.
Liu says the final presentation includes award-winning manufacturing champions, as well as products that are specialized in technology and innovation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569564Wed, 27 Apr 2022 13:59:25 +0000Africa Business RadioThe China Import and Export Fair (Canton Fair) is introducing a debut campaign with 150 online events for companies to showcase their products on its platform. The debut events will provide buyers around the world with innovative achievements in...The debut events will provide buyers around the world with innovative achievements in advanced technology, intelligent manufacturing, better lifestyle, low-carbon environmental protection and trade services.
Alan Liu, Deputy Director-General of the Foreign Affairs Office of the Canton Fair says they have decided to present these showcases at the Canton Fair from more than 600 registered companies based on company qualifications and product distinguishing features.
Liu says the final presentation includes award-winning manufacturing champions, as well as products that are specialized in technology and innovation.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>65africa_business_radio,canton_fair,china,export,import,tech_news,trade_servicefalsefullhttps://www.spreaker.com/episode/mlb-to-incorporating-new-technology-into-the-game--49569538The league has already welcomed NFTs and is considering AR and VR as it strives to make the most of whatever technology is available.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569538Wed, 27 Apr 2022 13:55:34 +0000Africa Business RadioLeague Baseball is set to employ a variety of technology to make the fan experience more fun, including personalized video search and Statcast for analytical statistics, as well as streaming and mobile applications and games for its fans. The...The league has already welcomed NFTs and is considering AR and VR as it strives to make the most of whatever technology is available.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>41africa_business_radio,baseball,mlb,tech_news,technology,video_gamefalsefullhttps://www.spreaker.com/episode/mocapp-launches-l-nk-for-the-european-ecommerce-market--49569517The new L!NK app employs a proprietary algorithm that examines the user bases of online retailers in an anonymous manner.
The app will enable them to determine which of their consumers are active on social media and so can be more effectively involved in promotions, loyalty, affiliation, and sales.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569517Wed, 27 Apr 2022 13:51:14 +0000Africa Business RadioMOCAPP, Romania's leading Influencer Marketing platform, has launched a new technology solution for international e-commerce firms. The new L!NK app employs a proprietary algorithm that examines the user bases of online retailers in an anonymous...The new L!NK app employs a proprietary algorithm that examines the user bases of online retailers in an anonymous manner.
The app will enable them to determine which of their consumers are active on social media and so can be more effectively involved in promotions, loyalty, affiliation, and sales.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>45africa_business_radio,e_commerce,marketing,mocapp,romania,social_media,tech_newsfalsefullhttps://www.spreaker.com/episode/egyptian-startup-swvl-enters-turkish-markets-with-latest-acquisition--49569498They primarily stock deal, which was valued at around $40 million, gives Swvl access both to Volt Lines’ tech as well as its over 110 corporate client contracts. The company says this reach will help Swvl build out its corporate offerings while also getting a foothold in Turkey so it can expand its B2C service, as well as adjacent transportation solutions including schools and factories.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569498Wed, 27 Apr 2022 13:48:34 +0000Africa Business RadioAn Egyptian startup that provides shared transportation services for intercity and intracity trips, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-service operator. They primarily stock deal, which was...They primarily stock deal, which was valued at around $40 million, gives Swvl access both to Volt Lines’ tech as well as its over 110 corporate client contracts. The company says this reach will help Swvl build out its corporate offerings while also getting a foothold in Turkey so it can expand its B2C service, as well as adjacent transportation solutions including schools and factories.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>57africa_business_radio,egypt,swvl,tech_news,transportation,turkey,volt_linefalsefullhttps://www.spreaker.com/episode/ekovention-to-bring-visibility-to-nigerian-start-ups-in-need-of-traction--49569464Spokesman, Victor Afolabi, says the event launches in June and will welcome companies desiring at least $500,000 in capital to a funding round where pitches will be reviewed.
Ekovention opened the call for applications from interested firms on April 4 with the terms and conditions detailed on its website. Applications will be received till April 18.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569464Wed, 27 Apr 2022 13:46:05 +0000Africa Business RadioEkovention, a venture capital initiative that aims to ease the path of accessing funding for start-ups with potential for growth and competitiveness, hopes to provide the visibility needed to scale their businesses further. Spokesman, Victor...Spokesman, Victor Afolabi, says the event launches in June and will welcome companies desiring at least $500,000 in capital to a funding round where pitches will be reviewed.
Ekovention opened the call for applications from interested firms on April 4 with the terms and conditions detailed on its website. Applications will be received till April 18.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>53africa_business_radio,ekovention,funding,investment,lagos,nigeria,tech_newsfalsefullhttps://www.spreaker.com/episode/rise-ng-raises-150-000-in-pre-seed-investment-to-revolutionize-nigerian-service-delivery--49569395The IT business aims to revolutionize service delivery by focusing on low-income workers, particularly craftsmen and vendors that lack access to digital/online exposure, which is the beginning point for searching for such services, especially in the post-Coivd19 era.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569395Wed, 27 Apr 2022 13:43:03 +0000Africa Business RadioRise. ng, a Nigerian company, has raised $150,000 in a pre-seed round as it prepares to establish its operations in the nation. The IT business aims to revolutionize service delivery by focusing on low-income workers, particularly craftsmen and...The IT business aims to revolutionize service delivery by focusing on low-income workers, particularly craftsmen and vendors that lack access to digital/online exposure, which is the beginning point for searching for such services, especially in the post-Coivd19 era.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>44africa_business_radio,investment,nigeria,pre_seed_funding,tech_newsfalsefullhttps://www.spreaker.com/episode/digital-banking-platform-umba-raises-15-million-for-expansion--49569196The new funding follows a $2 million seed round in 2020, bringing the total funding received to date to $17.5 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49569196Wed, 27 Apr 2022 13:31:44 +0000Africa Business RadioUmba, a Nigerian digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding to expand financial products to underserved populations across Africa. The new funding follows a $2 million seed round in 2020,...The new funding follows a $2 million seed round in 2020, bringing the total funding received to date to $17.5 million.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>40africa_business_radio,digital_banking,nigeria,seed_funding,tech_news,umbafalsefullhttps://www.spreaker.com/episode/stitch-launches-linkpay-to-enable-tokenised-one-click-bank-transfers--49568866LinkPay, which utilises variable recurring payment APIs, is the first of its kind in Europe, the Middle East, and the African region.
Stitch has unlocked secure and instant direct debit from connected bank accounts without the user having to repeatedly log in to their bank app for every transaction by implementing commercial VRPs in Nigeria and South Africa

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49568866Wed, 27 Apr 2022 13:09:17 +0000Africa Business RadioStitch, a South African-based payments and data API fintech, announced the launch of LinkPay, a product that will simplify bank transfer payments for merchants in South Africa and Nigeria. LinkPay, which utilises variable recurring payment APIs, is...LinkPay, which utilises variable recurring payment APIs, is the first of its kind in Europe, the Middle East, and the African region.
Stitch has unlocked secure and instant direct debit from connected bank accounts without the user having to repeatedly log in to their bank app for every transaction by implementing commercial VRPs in Nigeria and South Africa

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>52africa_business_radio,europe,linkpay,nigeria,south_africa,stitch,tech_newsfalsefullhttps://www.spreaker.com/episode/indian-crypto-exchange-coindcx-tops-21-billion-valuation--49493407CoinDCX says it has amassed over 10 million users. CoinDCX also provides margin trading and the option to stake digital assets.
Co-founder and Chief executive of CoinDCX Sumit Gupta, says the quality of investors coming in and the kind of strong confidence they have shown on the market will give a good boost to the overall industry.
Gupta confirmed that CoinDCX has also been hit by the recent move, noting that the 1% TDS has made it somewhat less feasible for some high-frequency traders to go about their business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493407Wed, 20 Apr 2022 16:22:21 +0000Africa Business RadioCoinDCX has doubled its valuation to $2.15 billion in eight months following a fresh $135 million funding. CoinDCX says it has amassed over 10 million users. CoinDCX also provides margin trading and the option to stake digital assets. Co-founder...CoinDCX says it has amassed over 10 million users. CoinDCX also provides margin trading and the option to stake digital assets.
Co-founder and Chief executive of CoinDCX Sumit Gupta, says the quality of investors coming in and the kind of strong confidence they have shown on the market will give a good boost to the overall industry.
Gupta confirmed that CoinDCX has also been hit by the recent move, noting that the 1% TDS has made it somewhat less feasible for some high-frequency traders to go about their business.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>60africa_business_radio,coindcx,digital_assets,india,margin_trading,tech_newsfalsefullhttps://www.spreaker.com/episode/alibaba-ant-group-acquires-the-singapore-2c2p-payments-company--49493398Founder and CEO of 2C2P, Aung Kyaw Moe, says the partnership with Ant Group, 2C2P will be connected to a much larger merchant base and be well-positioned to advance to international expansion strategy adding that the partnership will help extend the company’s current 250 payment options to include more e-wallets and payments methods.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493398Wed, 20 Apr 2022 16:19:04 +0000Africa Business RadioAlibaba’s fintech affiliate Ant Group has acquired 2C2P, a Singapore-based company that helps enterprises in Southeast Asia move money across borders. Ant will form a strategic partnership with 2C2P and become its largest shareholder, though a figure...Founder and CEO of 2C2P, Aung Kyaw Moe, says the partnership with Ant Group, 2C2P will be connected to a much larger merchant base and be well-positioned to advance to international expansion strategy adding that the partnership will help extend the company’s current 250 payment options to include more e-wallets and payments methods.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>572c2p,acquisition,africa_business_radio,africa_tech_update,ali_baba,ant_group,best_business_podcast,china,fintech,google_podcast,singapore,spotify_podcast,tech_news,top_tech_podcastfalsefullhttps://www.spreaker.com/episode/tiktok-wants-to-make-its-platform-safer--49493372Regulators and users have turned from Meta to TikTok. Meta might have been under the microscope for a long time but it might be TikTok’s time.
TikTok is testing out dislike buttons for its comment section.
Tik Tok says it will help the community have more control over comments and individuals identify comments they believe to be irrelevant or inappropriate.
The platform is also testing safety options that will help creators on the platform filter out harmful comments using keywords, and bulk-delete them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493372Wed, 20 Apr 2022 16:14:28 +0000Africa Business RadioTikTok is exploring new ways to foster safety and kindness on its app. Regulators and users have turned from Meta to TikTok. Meta might have been under the microscope for a long time but it might be TikTok’s time. TikTok is testing out dislike...Regulators and users have turned from Meta to TikTok. Meta might have been under the microscope for a long time but it might be TikTok’s time.
TikTok is testing out dislike buttons for its comment section.
Tik Tok says it will help the community have more control over comments and individuals identify comments they believe to be irrelevant or inappropriate.
The platform is also testing safety options that will help creators on the platform filter out harmful comments using keywords, and bulk-delete them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>51africa_business_radio,meta,social_media,tech_news,tik_tokfalsefullhttps://www.spreaker.com/episode/kenya-s-new-law-for-content-creators--49493347The KFCB announced that broadcasting firms, online streaming platforms and content creators would now be involved in reviewing and classifying their content with pre-approved ratings.
They introduced ratings that tag movies for violent content, nudity, sex, or other ratings that notify readers of the contents/themes of a feature, and which ages they are appropriate for.
KFCB has 4 classifications including General Exhibition which signifies suitability for all ages, PG for features that require parental guidance for young audiences, and 16 and 18 tags that signify age appropriateness.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493347Wed, 20 Apr 2022 16:11:57 +0000Africa Business RadioKenya’s Film and Classification Board KFCB, has announced new rules that decentralise the board’s responsibilities. The KFCB announced that broadcasting firms, online streaming platforms and content creators would now be involved in reviewing and...The KFCB announced that broadcasting firms, online streaming platforms and content creators would now be involved in reviewing and classifying their content with pre-approved ratings.
They introduced ratings that tag movies for violent content, nudity, sex, or other ratings that notify readers of the contents/themes of a feature, and which ages they are appropriate for.
KFCB has 4 classifications including General Exhibition which signifies suitability for all ages, PG for features that require parental guidance for young audiences, and 16 and 18 tags that signify age appropriateness.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>60africa_business_radio,content_creators,film_board,kenya,regulation,streaming_platformsfalsefullhttps://www.spreaker.com/episode/didi-exits-south-africa--49493328Globally, DiDi is the second-largest e-hailing company, second only to Uber.
South Africa marked the company’s 17th country of operations, and its entry into Africa.
DiDi faced fierce competition from already-existing platforms in South Africa from Uber and Bolt.
ITWeb also reports that riders and drivers who flocked to get DiDi’s incentives made a U-turn to favourites after the first few months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493328Wed, 20 Apr 2022 16:09:28 +0000Africa Business RadioDiDi, the China-based e-hailing company has announced it will halt its operation in the country one year after touching down in South Africa. Globally, DiDi is the second-largest e-hailing company, second only to Uber. South Africa marked the...Globally, DiDi is the second-largest e-hailing company, second only to Uber.
South Africa marked the company’s 17th country of operations, and its entry into Africa.
DiDi faced fierce competition from already-existing platforms in South Africa from Uber and Bolt.
ITWeb also reports that riders and drivers who flocked to get DiDi’s incentives made a U-turn to favourites after the first few months.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>51africa_business_radio,china,didi,e-hailing,south_africa,tech_news,uberfalsefullhttps://www.spreaker.com/episode/ftx-to-unveil-withdrawals-and-deposits-in-african-currencies--49493299The global crypto exchange announced via its official FTX Africa Twitter handle that it will soon start offering deposits and payouts in African currencies on FTX.
FTX earlier announced that it partnered with AZA Finance, an African fintech company, to connect African markets to the Web3 economy and access to cryptocurrency.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493299Wed, 20 Apr 2022 16:06:47 +0000Africa Business RadioFTX is launching a new phase in its operation on the continent with a soon-to-be-released unique product in response to the rapid growth, development, and acceptance of cryptocurrencies all over Africa, The global crypto exchange announced via its...The global crypto exchange announced via its official FTX Africa Twitter handle that it will soon start offering deposits and payouts in African currencies on FTX.
FTX earlier announced that it partnered with AZA Finance, an African fintech company, to connect African markets to the Web3 economy and access to cryptocurrency.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>49africa_business_radio,crypto_currency,currency,fintech,ftx,tech_newsfalsefullhttps://www.spreaker.com/episode/egypt-s-pylon-raise-19-million-seed-funding--49493268CEO Ahmed Ashour says the company creates solutions for water and electricity distribution companies in order to increase efficiency and stop the bleeding.
CTO, Omar Radi co-founder says some companies have a very high rate of uncollected bills and thus lose out on a lot of money.
He accused them of high electricity costs, water theft and network due to a lack of maintenance or law enforcement.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493268Wed, 20 Apr 2022 16:03:56 +0000Africa Business RadioAn Egyptian infrastructure management platform for water and electricity companies, Pylon, has raised $19 million in seed funding. CEO Ahmed Ashour says the company creates solutions for water and electricity distribution companies in order to...CEO Ahmed Ashour says the company creates solutions for water and electricity distribution companies in order to increase efficiency and stop the bleeding.
CTO, Omar Radi co-founder says some companies have a very high rate of uncollected bills and thus lose out on a lot of money.
He accused them of high electricity costs, water theft and network due to a lack of maintenance or law enforcement.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>50africa_business_radio,egypt,electricity_distribution,management_platform,seed_funding,tech_newsfalsefullhttps://www.spreaker.com/episode/ziroopay-raises-114m-to-scale-its-mobile-pos-solutions--49493212The company says the new capital will be deployed toward expanding its payment infrastructure, accelerating growth and growing its team.
CEO Omoniyi Olawale says the delay occurred because his company, raised a further €2 million, while fine-tuning its technology and adding more capabilities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493212Wed, 20 Apr 2022 16:00:48 +0000Africa Business RadioLagos- and Helsinki-based ZirooPay, has raised an $11.4 million Series A round led by Lagos-based VC fund Zrosk Investment Management. The company says the new capital will be deployed toward expanding its payment infrastructure, accelerating...The company says the new capital will be deployed toward expanding its payment infrastructure, accelerating growth and growing its team.
CEO Omoniyi Olawale says the delay occurred because his company, raised a further €2 million, while fine-tuning its technology and adding more capabilities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>46africa_business_radio,funds,investment,money_payment_platform,tech_news,ziroopayfalsefullhttps://www.spreaker.com/episode/flutter-wave-ceo-faces-inside-trading-allegations--49493167Hundeyin accuses Flutterwave CEO, Olugbenga Agboola, of bullying and committing some crimes. These include insider trading, and inflating and deflating stock prices as desired.
He also said that Olugbenga ‘GB’ Agboola illegally exploited the assets, information, and contacts of Access Bank, where he worked.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49493167Wed, 20 Apr 2022 15:55:57 +0000Africa Business RadioDavid Hundeyin, journalist and founder of West Africa Weekly, stated that he began working on a story about the Nigerian payment company, Flutterwave, six months ago. Hundeyin accuses Flutterwave CEO, Olugbenga Agboola, of bullying and committing...Hundeyin accuses Flutterwave CEO, Olugbenga Agboola, of bullying and committing some crimes. These include insider trading, and inflating and deflating stock prices as desired.
He also said that Olugbenga ‘GB’ Agboola illegally exploited the assets, information, and contacts of Access Bank, where he worked.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>48africa_business_radio,bullying,flutter_wave,insider_trading,stock_manipulation,tech_newsfalsefullhttps://www.spreaker.com/episode/oscars-ad-urges-donations-to-ukraine-via-crypto--49337312The ad was for cryptocurrency exchange, Crypto.com, and its fundraising drive for Ukraine.
The ad tells viewers that Crypto.com is matching donations to the Red Cross Red Crescent in order to alleviate the humanitarian crisis in Ukrain
Cryptocurrency however is completely unnecessary for these donations
Crypto.com website says the cryptocurrency donation will be converted to TUSD after each successful donation to avoid fluctuation risks in the value of the donated cryptocurrency, and then be converted from TUSD to EUR after the campaign period.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49337312Wed, 06 Apr 2022 09:20:25 +0000Africa Business RadioDid you catch the cryptocurrency ad that aired during the Oscars on Sunday night? The ad was for cryptocurrency exchange, Crypto.com, and its fundraising drive for Ukraine. The ad tells viewers that Crypto.com is matching donations to the Red Cross...The ad was for cryptocurrency exchange, Crypto.com, and its fundraising drive for Ukraine.
The ad tells viewers that Crypto.com is matching donations to the Red Cross Red Crescent in order to alleviate the humanitarian crisis in Ukrain
Cryptocurrency however is completely unnecessary for these donations
Crypto.com website says the cryptocurrency donation will be converted to TUSD after each successful donation to avoid fluctuation risks in the value of the donated cryptocurrency, and then be converted from TUSD to EUR after the campaign period.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>250africa_business_radio,crypto_currency,oscars,tech_news,ukrainefalsefullhttps://www.spreaker.com/episode/tiktok-testing-watch-history-feature--49337311According to a screenshot shared by Twitter user Hammond Oh, TikTok's Watch History should be accessible via the app's settings and privacy menu provided it's been rolled out to your phone.
Mashable was unable to access TikTok's Watch History feature in Australia, and it's unclear exactly which markets it's currently being tested in.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49337311Wed, 06 Apr 2022 09:05:24 +0000Africa Business RadioTiktok is reportedly testing a new Watch History feature, making it easier to find videos online. According to a screenshot shared by Twitter user Hammond Oh, TikTok's Watch History should be accessible via the app's settings and privacy menu...According to a screenshot shared by Twitter user Hammond Oh, TikTok's Watch History should be accessible via the app's settings and privacy menu provided it's been rolled out to your phone.
Mashable was unable to access TikTok's Watch History feature in Australia, and it's unclear exactly which markets it's currently being tested in.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>140africa_business_radio,features,tech_news,tik_tok,watch_historyfalsefullhttps://www.spreaker.com/episode/russian-cybersecurity-firm-kaspersky-flagged-as-risk-to-national-security--49337097The move comes in an effort to uphold 2019's Secure and Trusted Communications Networks Act, which requires the agency to publish a list that details any communications equipment or services which may present a risk to national security.
The company's inclusion on the list means it is banned from receiving support from the FCC's Universal Service Fund.
Reuters reports that the $8 billion funds is used to maintain communications services in rural areas and for low-income users and facilities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49337097Wed, 06 Apr 2022 08:56:04 +0000Africa Business RadioThe U.S. Federal Communications Commission has deemed all products and services from the Russia-based cybersecurity firm Kaspersky an unacceptable risk to national security. The move comes in an effort to uphold 2019's Secure and Trusted...The move comes in an effort to uphold 2019's Secure and Trusted Communications Networks Act, which requires the agency to publish a list that details any communications equipment or services which may present a risk to national security.
The company's inclusion on the list means it is banned from receiving support from the FCC's Universal Service Fund.
Reuters reports that the $8 billion funds is used to maintain communications services in rural areas and for low-income users and facilities.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>153africa_business_radio,cybersecurity,fcc,kaspersky,national_security,russia,tech_newsfalsefullhttps://www.spreaker.com/episode/apple-s-iphone-14-pro-camera-bump-getting-bigger--49337053Back in September, after Apple leaker, John Prosser shared purported product images showing the startling lack of a rear-mounted camera protrusion.
Apple analyst Ming-Chi Kuo says the wide camera is getting a huge upgrade — from 12MP to 48MP — as well as an expansion of its contact image sensor and a slightly larger lens overall.
Tech and Apple experts discuss the new rumours and what they mean for future Apple redesigns.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>https://api.spreaker.com/episode/49337053Wed, 06 Apr 2022 08:42:05 +0000Africa Business RadioiPhone camera bump haters, we have some bad news: It sounds like the upcoming (but unannounced) iPhone 14 Pro might be getting an even thicker camera bump on its backside. Back in September, after Apple leaker, John Prosser shared purported product...Back in September, after Apple leaker, John Prosser shared purported product images showing the startling lack of a rear-mounted camera protrusion.
Apple analyst Ming-Chi Kuo says the wide camera is getting a huge upgrade — from 12MP to 48MP — as well as an expansion of its contact image sensor and a slightly larger lens overall.
Tech and Apple experts discuss the new rumours and what they mean for future Apple redesigns.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.]]>152africa_business_radio,african_tech,apple,camera,iphone_14pro,tech_newsfalsefull