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It’s the weekend edition of the Big 5 Daily!
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Drum roll! 54gene, a health and biotech startup based in Nigeria, has secured $500,000. It aims to leverage the funding towards scaling Nigeria’s capacity in testing for the COVID-19 virus.
Next, Wennovation, CcHub, and LeadSpace have suspended their coworking activities. This move aligns with their aim to contain the COVID-19 outbreak.
See also: The Big 5 Daily: 26th March, 2020
Guess what? Counterpoint Research has revealed that global smartphone sales declined by 14% in February 2020. The decline is partly caused by the massive drop in demand for products but majorly by the coronavirus outbreak, which has the entire industry on a lockdown. Also, GTBank has revealed its plans to restructure into a holdings company. The Bank plans to restructure and deepen its offerings with accommodate fintech products and also develop a fintech arm.
Also, GTBank has revealed its plans to restructure into a holdings company. The Bank plans to restructure and deepen its offerings with accommodate fintech products and also develop a fintech arm.
Finally, recent research by GSMA revealed that Africa mobile payment grew by $125.5 billion in 2019. According to GSMA, mobile money hit $690.1 billion, of which sub-Saharan Africa contributed 66% of the transaction value.
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