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In today’s edition: African startups lead acquisition of Brass || Botswana approves Starlink || Safaricom Ethiopia strengthens network with 13 new towers || Nine African startups selected for Spark Accelerator

The licensing continues a trend of Starlink lobbying for licensing as it continues facing regulatory trouble in some African markets.

“The Bill won’t only develop startups but also encourage large companies to drive innovation,” said Tubosun Alake, the state’s commissioner for innovation and technology.

Sola Akindolu the founder and CEO of Brass, and CTO Emmanuel Okeke, will leave the business. They will be replaced by a new leadership team

In today’s edition: Eritrea stops cyberattack on Independence Day || Elon Musk’s xAI raises $6 billion || MTN Uganda sells leftover shares from 2021 IPO || Caantin expands to America as an AI solution provider

Can private investors like venture capitalists midwife “smart African cities”? What may need to change for this to be a possibility if you think private capital, in the form of venture equity, cannot cause meaningful change?

"One of my favourite quotes is that it's easier to make dollars than it is to make naira, and I can approve of that,” Njavwa Mutambo, the CEO and co-founder, told TechCabal.

Rowland Okondor works in fintech, designing financial products for Africa. Here's how he thinks mobile money agents can be a game-changer.

In today’s edition: Copia Kenya is in new hands || The dog who inspired dogecoin has died || Kenya receives $250 million investment from the US || Zimbabwe approves Starlink

The Lightbox device uses heat and water to dehumidify and cool spaces, utilizing less energy than required with regular ACs.

With AI having become somewhat of a buzzword on the continent, South Africa seems to be plotting a clear path to how it will implement an AI roadmap.

Copia Global, which raised $123 million across eight funding rounds, failed to secure new funding, putting its operations and over 1,000 jobs at stake. T

The decline in fraud losses was despite an increase in fraud attempts—there were 20,638 attempts in Q1 2024 and 7,423 in February alone.

The $6 billion is just the capital expenditure of building that (digital infrastructure) out, it doesn’t include running and operating the infrastructure,” Susan Lund, IFC’s vice president of Economics and Private Sector Development told…

Many Kenyans say Ruto has backtracked on key campaign pledges. They also point out poor optics, like chartering a $1.5 million jet for his US visit

The bidding system, similar to what competitor inDrive uses, aims to incentivize drivers to accept trips, especially during peak periods.

Applying for the Namibia Student Aid 2024/2045 involves specific eligibility checks, document preps & more to pass the review process. See details:

In today’s edition: Quick Fire ???? with Rowland Okondor || Google to lay new subsea cable that connects Africa to Australia || Lagos launches cybersecurity centre || Humane up for sale after underwhelming launch of AI pin || Maëlle Gavet…

eMedia's bottomline is perhaps an example of the value that still exists in television broadcasting in South Africa

I will be leaving Techstars at the end of the month for health reasons. As of today, David Cohen, our co-founder and chairman of the board is CEO at Techstars once again.

The revised guidelines, by Nigeria's apex bank, outline that Tier-1 BDCs must now have a minimum capital base of ₦2 billion ($1.4 million), while Tier-2 BDCs need ₦500 million ($349,000). More in #TCDaily.

DRC is rich in “3T”–tin, tungsten, and tantalum­­–critical components to manufacture electronic devices like smartphones and computers.

Nevertheless, extraordinarily high default rates have led to a ₦1.2 billion debt. Of that amount, BlackCopper has only paid back ₦200 million in the last eighteen months.

The ICT Authority Bill 2024, introduced by ICT cabinet secretary Eliud Owalo, proposes that companies offering ICT services in Kenya be accredited by an authority under the ICT ministry.

In today’s edition: CBN raises interest rates || Nigeria to launch 1 petabyte data centre || LemFi partners with Flex Money || Liquid inks new satellite internet deal

“The key focus of the MPC at this meeting remained to achieve price stability to rein inflation,” said Olayemi Cardoso, the Central Bank chief. “The tight monetary stance of the bank is yielding outcomes.”

The Nigeria NELFUND student loan application portal is underway to receive 2024 applications. See how to apply now:

Kenyan legislators have introduced the ICT Authority bill which will mandate all ICT professionals in the country to get licensed or pay fines of up to KES5 million ($39,000) or/and a five-year jail term.

According to one person familiar with the talks, the neobanks have been asked to restrict peer-to-peer crypto transactions. It aligns with a plan by authorities to ban P2P crypto trading, first reported by TechCabal

Two top executives at The Guardian, a legacy Nigerian newspaper, claim the company is suing logistics startup Kwik to collect millions of naira in unpaid rent for two office floors