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Kenya suspends Worldcoin

By Ngozi Chukwu Aug 05, 2023

Image source: Techcabal

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Editor’s Note

Week 32, 2023
Read time: 5 minutes

Happy new month 👋🏾

Here is your weekly update on Africa’s tech ecosystem! 🚀

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Pamela Tetteh Editor, TechCabal.

Editor’s Picks

	Kenya suspends Worldcoin’s operations The Kenyan government has suspended Worldcoin, a crypto project which is offering Kenyans tokens worth about $54 or KES 7,000 in exchange for their eye scans. Learn more.
	Senegal shuts down its internet again Once again, the Senegalese government has shut down access to the internet. If this feels like like déjà vu, it is probably because this happened twice in June. They hve also banned a really popular social media platform this time. Learn more.
	Nigeria really banned Binance Nigeria’s Securities Exchange Commission (SEC) has clarified that the crypto exchange it banned is the Binance we all know, and not an entity called “Binance Nigeria Limited.” Learn more.
	Y Combinator bets on food delivery again There are three African startups in Y Combinator’s summer 2023 class. One of them, ChowCentral, a food-delivery startup in Nigeria, extends Y Combinator’s bet on food delivery in Africa. Learn more.

Event: Africa Social Impact Summit

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	Anonymous Sudan attacks Nigeria Anonymous Sudan, a pro-Sudan hacktivist group, is claiming responsibility for cyberattacks on MTN Nigeria and Nigeria’s National Information Technology Development Agency (NITDA). Learn more.
	Big Cabal Media lays off workers Big Cabal Media, the parent company of TechCabal, Zikoko and Citizen, has cut its workforce by 19% across its business units. Learn more.
	GSK exits Nigeria Global pharma and biotech company GlaxoSmithKline (GSK) announced its exit from Nigeria after 51 years of operations in the company. Learn more.
	Flutterwave’s $end Mobile rebrands to Send App Payments company Flutterwave has rebranded its $end Mobile product to Send App, and has has expanded its recipient countries to include Egypt and Sénégal. Read more.

Who brought the money this week?

Nigerian health tech company Remedial Health raised $12 million in Series A funding in a round co-led by QED Investors and Ventures Platform.
Traction, a Nigerian-based fintech company, secured $6 million in a seed round; the round was led by Pan-African investor Ventures Platform and Multiply Partners; other participating investors included P1 Ventures and other investors.
Emtech a Pan-African fintech company, raised $4 million in seed round.