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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.