Welcome back from the short holiday. Hope you rested.
It’s a new week and a fantastic time for the Big 5 Daily.
Here is a bonus to get you started. Law enforcement agencies have arrested 17-year-old Graham Clack for being the mastermind behind the recent Twitter security breach. The US Department of Justice also charged 22-year-old Nima Faxeli and 19-year-old Mason Sheppard for their involvement in the scam.
For the Big 5 Daily, the Ghanaian Electoral Commission has introduced an online registration system as a safety measure ahead of the elections. Now, applicants can reserve slots via USSD code or PanaBIOS.org, before leaving home.
Next, She Loves Tech is inviting Kenyan early-stage female-led startups to apply for its global competition. The application is open to startups building financial, educational, retail, cleantech, agricultural, and enterprise solutions.
See also: The Big 5 Daily: 29th July 2020
Dubai-based Network International has acquired DPO Group, a Kenyan fintech startup for $288 million. DPO operates across 19 countries and processes$2 billion worth of transactions annually. This acquisition is possibly the largest in the African online payment space.
In Zimbabwe, Strive Masiyiwa is looking to sell up to 34% stakes of Liquid Telecoms for $600 million. It happens that he needs to repay a $375 million loan to Public Investment Corp by the end of August.
According to Airtel Africa’s Q2 Report, revenue grew by 13% despite the impact of COVID-19. The revenue growth was largely driven by the growth of our customer base, up by 11.8% to 111.5 million. Also, reported operating profit amounted to $210m in the second quarter.
That is what’s up for today. Happy new month.