Saas Accelerator Program News Today

The International Monetary Fund (IMF) has granted Ghana a $3 billion bailout to aid its economic recovery from the debt crisis.More in #TCDaily.

A week after launching its gold-backed digital token, the Reserve Bank of Zimbabwe is reportedly set to sell 14 billion Zimbabwean dollars’ worth (about $39 million) of the digital tokens.

In its Q1 2023 financials, Airtel Africa recorded a 5% profit decline. Per the telecom, devaluation of currencies and SIM card de-registration exercises across several countries are to blame.

With the continuous rise of chargeback fraud, some Nigerian fintechs are now instituting decline fees to deter bad agents. Some users, however, believe that this move will deter adoption as well as fraud. More in #TCDaily.

The Nigerian House of Reps has launched an inquiry into the state of telecommunications service delivery in Nigeria. It wants to know why some parts of the country are still without coverage, or with poor coverage. More in #TCDaily.

The Kenyan government is proposing a 15% withholding tax on every payment received by content creators. The tax will cover all subscription and membership fees content creators collect as well as merch sales and crowdfunding raises. More in #TCDaily.

Zimbabwe's gold-backed digital currency launches today. The tokens will be issued only for investment purposes, and available through banks. Zimbabweans can apply for a minimum of $10 for individuals and $5,000 for financial institutions. More in #TCDaily.

Yesterday, Ecobank Kenya unveiled the Fingo app, a service which will boost financial inclusion among the youth in Kenya and across Africa.

South Africa has redesigned the Rand. The new look, revealed yesterday, has new tech-enabled features like colour-changing ink to reduce counterfeiting. Introduced into circulation today, they also have inclusive features for visually-impaired users.

Nigerian telecom operators have requested exclusion from the new NITDA bill the legislature is toying with. Per the association, telecoms believe that the NITDA bill should not concern them as they are already regulated by the NCC. More in #TCDaily.