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A record-breaking $200 million crypto heist occurred, MultiChoice was ordered to reinstate 4 terminated channels, and Netflix & others might get taxed in SA. Read these and more on today's #TCDaily.
Nigeria to increase cost of call and sms cost with new 5% excise duty, VC fund Oui Capital launches $30 million fund for Africa startups, Egypt-based Homzmart raises $23 million, TikTok’s parent company is building a music streaming app.
In the same week the Nigerian House of Reps passed the lauded Startup Bill, the Federal Executive Council (FEC) considered a new bill that threatens the regulatory progress Nigeria's tech ecosystem has made. Read more in #TCDaily.
Yesterday, CBK governor Patrick Njoroge said that Flutterwave and Chipper Cash are not licensed to operate in Kenya. This brings into question Kenya's irregular licensing window, with some of its fintechs obtaining licenses only decades after launch. Read more.
The UK’s development finance arm British International Investment (BII) plans to invest $6 billion in Africa over the next 5 years. The funding will be invested in various forms including debt and equity financing. Read more in #TCDaily.