Page 2 - Paystack Storefront News Today

Last week, MTN became the first mobile operator to launch 5G commercially in Zambia. More in #TCDaily.

Nigerian fintechs Korapay and Kandon have been cleared of all money laundering allegations in Kenya. In July, Kenya's Asset Recovery Agency (ARA) obtained a court order to freeze Ksh 44.5 million in the fintechs account. More in #TCDaily.

Hackers drained Airtel Uganda's systems of nearly Ush 8 billion ($2.1 million) after using malware to force the software to approve transactions. The hack occurred through one of Airtel Money's clients, a betting organisation. More in #TCDaily.

The Kenyan government wants to tax crypto transactions. It is making a new amendment to the capital markets bill to introduce a 20% excise tax on every crypto transaction fee charged in the country. More in #TCDaily.

Despite recording increased profits in Q3 2022, Jumia is looking to cut more costs. The e-commerce giant is cutting Jumia Prime, its loyalty programme that offered unlimited free deliveries on all orders. It's also sizing down its Dubai office. More in #TCDaily.

Kenyan agritech company Twiga Foods has laid off 21% of its staff—including its in-house sales team. The company is also branching off into an agent model, and laid-off staff are being offered compensation for every customer they acquire. More in #TCDaily.

FTX has lost its financial services trading licence in South Africa. South African cryptocurrency market maker Ovex cancelled has cut off the international exchange’s access to its local Financial Service Provider (FSP) licence. More in #TCDaily.

In today's edition of #TCDaily: - PalmPay gets compliance licence- Safaricom to introduce phone numbers for minors- Modus launches $45 million Africa-focused fund- Orange rolls out 5G service in Botswana

Months after Kenya-based marketplace Sky.Garden announced planned layoffs and a shutdown, the startup has secured fresh funding.

The Central Bank of Kenya is moving to curb the blacklisting of loan defaulters. A new update restricts all credit reference bureaus (CRBs) and other commercial facilities from using only negative credit history to deny Kenyans loans.More in #TCDaily.