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Yesterday, Nigeria became the first African country where Starlink became active. While the hardware costs ₦274,098 ($595), Nigerians may pay up to ₦440,000—$869 via CBN’s official rate of $460 to ₦1—while using virtual dollar cards. More in #TCDaily.
The Central Bank of Kenya (CBK) has granted operating licences to 12 more digital lenders, bringing the total to 22. With 381 applications received since March 2022, the CBK also announced that it's evaluating more digital lenders. More in #TCDaily.
In today's edition of #TCDaily: Crypto market; mTek to provide digital insurance to 100,000 Kenyans; Kenya’s new regulatory sandbox; and the US sues Google over ad monopoly.
In 2022, Nigeria's tax collection agency collected a total of ₦10.1 trillion ($22 billion) in oil and non-oil revenues—more than the ₦6.405 trillion ($11.1 billion) it collected in 2021. It's the first time the service hit the ₦10 trillion mark. More in #TCDaily.
South Africans have lost over $100 million to crypto scams. Now, the country’s Advertising Regulatory Board (ARB) has updated its Code of Advertising Practice with a clause specifically targeting cryptocurrency ads. More in #TCDaily.