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Microsoft has announced that it will be laying off 10,000 employees by the end of March this year. The job cut affects around 5% of its workforce—more than the 1% that the company laid off last year. More in #TCDaily.
Africell has received a licence to operate its mobile money (MoMo) service, Afrimoney, in Angola where it already has 5 million subscribers since its launch in April 2022.
Elon Musk’s satellite internet firm, Starlink, has announced plans to set up shop in Kenya. The internet service is awaiting regulatory approval and plans to be in Nairobi, Kisumu, Mombasa and Nakuru by June 2023.
FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!
At the Impact Entrepreneur Meet-Up on Jan. 17, attendees will hear from Katie Wrenn, a lead associate at Booz Allen Hamilton.