Africa Tech News

Amazon 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 that threaten national worker protections. Amazon claims that the NLRB’s structure is unconstitutional because administrative law judges are insulated fro...

Partech 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 the largest fund dedicated to African startups. Amidst a backdrop of global VCs and institutional investors pulling back from Africa, Partech Africa’s r...

Roam, 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 efficiencies, and streamline local and global supply chain networks. The $14 million Series A funding round was led by Equator Africa and participation from A...

Botswana’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 Communications Regulatory Authority. Starlink is not yet licensed in the country and the regulator has stated that it is currently vetting the service’s ap...

Disha 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 Disha the creator version of Flutterwave Store which now serves over 900,000 businesses across 154 countries. Early in 2022, Flutterwave also paused its Ba...

The 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 C...

Oregon 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 senators and representatives, was inspired in part by California SB 244, which Governor Gavin Newsom signed into law in October. Apple openly supported th...

Ethiopia 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 for current vehicles, with those failing considered unsuitable for road use. The government intends to establish a robust network of EV charging stations...

Kenya 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 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 un...

Ibrahim 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 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...

African 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 6,000 account holders across 35 banks and financial institutions involved in unauthorised transactions. A recent High Court ruling will allow Flutterwav...

MTN-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 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...

The 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% 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 r...

The 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 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...

The 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 text of the draft law. The development follows the political agreement reached in December — clinched after marathon ‘final’ three-way talks between...

CEO 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 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 2...

MultiChoice 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 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...

Starlink 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 company did not share all the necessary information. It is unclear which information Starlink did not provide in its original application. Starlink als...

Airtel 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 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...

Spotify 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 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 reduce...

The 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 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...

Sama 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 still access it securely, and train their models faster and more efficiently. With multi-cloud integrations, customer onboarding time is reduced to one...

October 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 these 4IR technologies to improve various agricultural sub-sectors including forestry, crop production, fishery and livestock. The ministry announced t...

The 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 Access HoldCo, completed its third acquisition of the month. It acquired Nigeria’s second-largest independent pension fund manager, ARM Pensions. ARM wil...

Singapore-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 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. li...