Hello there!
Trust you’ve had a great week so far? Welcome to the midweek section of our Big 5 daily tech gist.
Have a fun read!
Do you know Kenya’s government is set to impose another law to clamp down on the activities of social media operators? This time, when passed into law, the bill will compel social media managers, bloggers, and digital group administrators to register under the communication amendment law or face being fined over $4,125 or a 2-year jail term.
Are you aware that the Mastercard Foundation has committed another fund to develop Africa Startups? The group recently committed $200million to impact Senegalese startups and provide at least 3 million jobs for Senegalese youths.
Do you know you can now get an instant cash payment from Nigerians in Diaspora through WorldRemit? World Remit, an international remittal platform has launched its services in Nigeria. The fintech uses a mobile-first model to scale digital banking and transfer. Through the App, users can pick up cash sent to them from diaspora from 40 indigenous banks in Nigeria.
Tunis-based fashion store, Dabchy also secured $300000 seed funding from various venture capitalists and angel investors. The peer-to-peer online fashion store will use the funds to expand its business and increase the products offered on its platform. Dabchy was the first Tunisian and African startup to join the European Fashion Tech incubator in Paris.
And finally, Kenya and Tanzania colleges won the Africa tech challenge organized by Chinese based company, Avic International. Kenya’s Meru Technical College and Dar es Salaam Institute of Technology have been awarded $50000 cash prize. Five other college contestants also received monetary gratification of $100000.
That’s it on the midweek edition of the Big5 Daily. Remember to crush on yourself and stay abreast of new tech opportunities via our platform.