Page 20 - Accelerator Programme News Today

After inspecting and freezing its 52 bank accounts, Kenya's Asset Recovery Agency (ARA) has accused Flutterwave of laundering over $59.2 million.

In Nigeria, telco MTN is partnering with ETAP to promote safe driving. MTN subscribers in the country will be able to earn vouchers for shopping, movies, and fuel if they can practise safe driving. Read more in #TCDaily.

Egypt-and Dubai-based health-tech startup Vezeeta has laid off about 10% of its staff. Read it in #TCDaily.

ICYMI: MTN has taken 18 Nigerian banks to court. Their offense? Well, MTN alleges that the 18 banks transferred $53.7 million meant for its mobile money service (MoMo) to 8,000 different bank accounts. Read more in #TCDaily.

The Innovation Hub is giving away seed funding worth R3 million to innovative start-ups.

Kune, a Kenyan food-tech startup that delivered ready-to-eat meals at affordable prices closed down yesterday.In a statement posted by CEO Robin Reecht, Kune was apparently hit by a stifled economy and inflated food prices. Read more in #TCDaily.

Amazon Prime is investing more in Nollywood. Yesterday, a Nigerian production house, Nemsia Films, announced that it closed an exclusive slate deal for 3 commissioned feature films with the American streaming giant. Read more in #TCDaily.

Entries to the 2022 Gauteng Accelerator Programme (GAP) Innovation Competition have officially opened, with a total of R3 million in seed funding up for grabs for aspiring innovators and entrepreneurs to launch new businesses.

Kaleidoscope (Pvt) Ltd. announced the launch of Lanka Accelerator brand in Sri Lanka today. Lanka Accelerator is powered by India Accelerator (iA) which was adjudged the Best Accelerator in India by Start Up India. Lanka Accelerator’s agreement with India Accelerator is to help support its design, development and success. India Accelerator is part of GAN...

Galway medtech Loci Orthopaedics is set to complete a clinical trial on its implant for thumb arthritis with this latest funding.