Newsletters

Chinese hackers attack Kenyan government

By Ngozi Chukwu May 27, 2023

(FILES) In this file photo taken on August 06, 2022 Kenya's Deputy President and presidential candidate William Ruto of Kenya Kwanza (Kenya first) political party gestures during the rally on the final day of campaigning at the Nyayo National Stadium in Nairobi ahead of Kenya's general election scheduled for August 9, 2022. - The Kenya election chief declared William Ruto winner of presidential race on August 15, 2022. (Photo by MARCO LONGARI / AFP) (Photo by MARCO LONGARI/AFP via Getty Images)

Lire en français

Read this email in French.

Editor’s Note

Week 21, 2023
Read time: 5 minutes

This week brings a mix of delightful firsts and bad news. Read on to learn about Kenya’s first electric bus charging station, and unfortunate incidents like breaches, licence losses, and more.

Pamela Tetteh Editor, TechCabal.

Editor’s Picks

	Chinese hackers attack Kenya In a wok of digital mischief, Chinese hackers took aim at Kenyan government institutions from 2019 to last year. Their cunning plan? To access to billions of dollars in debt owed to Beijing. Learn more.
	Patricia loses crypto assets in breach Digital asset marketplace Patricia has reported a compromise of its crypto assets. They’re putting their detective hats on and claim to have unmasked one of the naughty culprits. Learn more.
	Eyowo’s challenging year The digital bank Eyowo, has endured a stormy year. While preparing for a mini-pivot, it has owed salaries and this week, its MFB licence was revoked. Learn more.
	Kenya warns against Wangiri scams The Communications Authority of Kenya has warned Kenyans not to return calls from any strange international numbers as they may lose money in the popular Wangiri scam. Learn more.
	Kenya gets first electric bus charging station BasiGo Company has established the Kenya’s first bus charging station! Now, Kenyans can plug in and zap away those carbon emissions. Learn more.
	Central Bank of Nigeria revokes 179 licences On Tuesday, the Central Bank of Nigeria (CBN) decided to clean house and sweep away all those financial cobwebs. It revoked licences of 179 microfinance banks (MFBs) and fintech. Learn more.
	Nigeria’s ICT minister moves to change the startup act In a much criticised move, Nigeria’s minister of communications and digital economy, Isa Pantami, is trying to institute a new board to drive the Nigerian Startup Act (NSA). Learn more.

Entering Tech

Interested in getting tech career resources and insights?. Then sign up for Entering Tech to get started!

	Kenya’s $40 smartphone may cost more President Ruto’s push for sky-high taxes may turn Kenya’s eagerly anticipated pocket-friendly locally assembled $40 smartphone into a distant dream. Learn more.
	Bolt opens first Kenya office for drivers Bolt sprints into Kenya with a new office, but don’t mix it up with their fancy Nairobi hub. That one’s reserved for high-level managers overseeing operations across Africa. The news one is for handling drivers’ concerns. Learn more.
	China’s Tesla is coming to SA Chinese automotive company, Build Your Dreams (BYD), also known as “China’s Tesla”, will be launching its compact electric crossover—the BYD Atto 3—in South Africa soon. Learn more.
	Vodafone to sell MPHCL for $1 Kenya’s Safaricom is shouldering extra duties, as Vodafone has declared that it will hand over M-Pesa Holding Company Limited (MPHCL) to Safaricom for just a dollar. Read more.

Who brought the money this week?

South African edutech company, Play Sense, raised an undisclosed amount in pre-seed funding from Grindstone Ventures.
Kunda Kids, a Nigerian media publishing company and creative studio, raised $700k in the pre-seed funding round.
Egypt-based health-tech company Dawi Clinics closed $8 million in an undisclosed funding round.
South African digital banking platform, Tymebank, raised $77.8 million in a pre-series C funding round.