UK Approves Sh1.8bn fund to Sponsor Fintech Startups in Kenya, Nigeria’s Minister of Communication Suspends MTN’s Planned USSD Banking Charges and More

 

Hey guys,

Welcome to today’s edition of the Big5 Daily.

A new week is likened to the text editor to a programmer. Make the best of it!

 

The government of the United Kingdom is backing fintechs in Kenya with Sh1.8 billion (over $17 million). This was announced by Alderman Peter Estlin who recently visited Nairobi.

In Nigeria, Twitter went agog in the past weekend over MTN’s SMS to notify subscribers that they will be charged for USSD banking services from henceforth. This was met with disagreement on the side of the Central Bank of Nigeria and the Ministry of Communication.


See also: ECOWAS to Scrap International Roaming Charges for Citizens, AfDB Grants $154Mn to Tunisian Electricity Company and More


In more gists on Telcos, Airtel will fully disconnect Globacom’s interconnection right on the 31st of October 2019. This is as a result of the latter’s non-compliance with payments of its interconnect bill to Airtel. The Nigeria Communication Commission is aware and has given the order to proceed, given that Globacom recently had similar fallouts with MTN.

Today looks like the day of Telcos, well, Ethio Telecom has generated $343million revenue in the first quarter of 2019. It also recorded 44.45 million subscribers, making it the biggest country-owned Telco in Africa.

One last one but this is not Telco. A hospital-based in Mombasa known as Aga Khan has used 3D technology to treat heart diseases of patients. The equipment converts a patient’s CT scan to a 3D replica of the heart. It helps doctors with more details to easily perform surgeries.

 

It’s time to go. Remember it is still Cybersecurity Awareness month, ensure to read the write up on our Instagram handle @techgistafrica here.

Enjoy.

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