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Months after foodtech Kune shut down for similar reasons, another Kenyan startup, Sky.Garden, is facing closure. In termination letters to employees, the CEO revealed that the company was running out of money & would close down in October.
Lagos, one of Africa’s busiest tech hubs, is asking all tech hubs and co-working spaces in the city to remit an annual sum of ₦200,000 ($463) to the state government.
Over 2,000 Nigerian investors have petitioned Kenyan courts to release Ksh 1.44 billion which was earlier frozen by the Asset Recovery Agency (ARA) in a fraud investigation against fintech unicorn Flutterwave.
Later today, TechCabal will host the second edition of the Future of Commerce, where over 5,000 players and enthusiasts across Africa, will explore the innovative ways in which startups and large corporations cater to the needs of the informal sector.
A year after introducing a new mobile money tax, the Tanzanian government is looking to boost the sector. Starting in October, Tanzanians will wave goodbye to transfer fees on withdrawal of cash through bank agents and ATMs for transactions less than $12.81.