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Kenyan agritech company Twiga Foods has laid off 21% of its staff—including its in-house sales team. The company is also branching off into an agent model, and laid-off staff are being offered compensation for every customer they acquire. More in #TCDaily.
FTX has lost its financial services trading licence in South Africa. South African cryptocurrency market maker Ovex cancelled has cut off the international exchange’s access to its local Financial Service Provider (FSP) licence. More in #TCDaily.
In today's edition of #TCDaily: - PalmPay gets compliance licence- Safaricom to introduce phone numbers for minors- Modus launches $45 million Africa-focused fund- Orange rolls out 5G service in Botswana
Months after Kenya-based marketplace Sky.Garden announced planned layoffs and a shutdown, the startup has secured fresh funding.
The Central Bank of Kenya is moving to curb the blacklisting of loan defaulters. A new update restricts all credit reference bureaus (CRBs) and other commercial facilities from using only negative credit history to deny Kenyans loans.More in #TCDaily.