Following several high-profile scandals and allegations levelled against him, four major Facebook Inc. investors have proposed his removal as chairman, hoping to get more support from other larger asset managers.
Recall that a similar shareholder proposal seeking an independent chair on Facebook was trounced last year.
Moving on, four Agric-tech start-ups have emerged from Kenya, Rwanda, Ghana and Nigeria to embark on an all-expense paid trip to Meet The Farmers Conference Dubai to compete for a US$5,000 grand prize while also opening up the opportunities to meet potential investors at the Innov8Agric Challenge.
In Nigeria, the country’s Senate has responded to the protests of the people by ordering the suspension of the automated teller machines (ATM) card maintenance fees. The lawmakers also ordered the Central Bank of Nigeria (CBN) to direct commercial banks to increase the maximum amount customers can withdraw from the ATMs to N40,000 per transaction.
As opposed to the fixed cost of internet service in Kenya, Internet Solutions (IS) has launched a consumption-based billing for businesses. The billing service called IS Open Network and will see businesses pay as per their usage in Kenya, Uganda, Tanzania, Mozambique, Nigeria and Ghana.
South African insutech start-up, Click2Sure has secured funding from Nasdaq-listed Greenlight Capital Re. The investment in Click2Sure is the third such deal announced by Greenlight Re Innovations, which was launched in March 2018 to seek technology and innovation opportunities relating to the reinsurance and insurance markets.
