Saas Accelerator Programme News Today

Leatherback, a UK-based cross-border payments startup, has denied rumors of financial losses to SDQ Facilitators.

Payments platform Cellulant is laying off 20% of its 634 employees. The company cited “organisational restructuring” as the basis for the layoff.

So far, the country has recorded $70.5 million in outstanding loans, and 29% of that—about $20 million—are now non-performing loans.

South Africa's ICT regulator has warned ISPs in the country to stop providing Starlink kits and subscriptions for users in the country.

Last week, Nigeria’s apex bank ended a two-year ban on foreign exchange (FX) sales to Bureau de Change (BDC) operators.

Bolt has recorded new milestones in Kenya and Nigeria. In Kenya, it recorded over 100 million rides by its customers, and in Nigeria, it recorded 250 million rides since its launch in the country in 2016. More in #TCDaily.

Today's edition of #TCDaily is all about upgrades! Amazon Web Services has opened its first Africa Skills Centre in Cape Town, South Africa. Meanwhile, Google will invest $1.5 million in upskilling 20,000 Nigerian youths and creating 1 million digital jobs.

Kenyan lawmakers are probing TikTok after a private citizen petitioned them to look into the app for promoting violence, hate speech & sexual/vulgar content. Per the petition, TikTok is threatening Kenya's moral values & should be prohibited.

It's all money news in today's edition of #TCDaily. Incubator Founders Factory Africa raised $114 million to support African startups, and Mastercard is acquiring a minority stake in MTN's MoMo.

The International Monetary Fund (IMF) has approved a $1 billion loan for Kenya. The loan is set to help reduce the impact of the bad economic environment, but many Kenyans believe it will just make things more expensive. More in #TCDaily.