Hello Africa!
We round up this week’s Big 5 Daily with a huge chunk of good news.
MTN Uganda has launched a $270,000 Start-up Fund and granted third-party access to its Mobile Money Access Programming Interface (API). This will create products that ease payment options and leverage on the 10 million MTN clients registered on Mobile Money.
In Nigeria, Godwin Emefiele, the country’s Central Bank Governor has said a final decision has been reached on the $8.1 billion fine against MTN Nigeria. Emefiele justified the CBN action on the fine levied against MTN and four other banks, he maintained that that there was a rationale for the regulatory action.
Egyptian app-based mass transit start-up, Swvl has announced its Series B round fund. The start-up didn’t disclose the exact fund secured but it is in the tens of millions which makes it one of the biggest rounds of funding in the MENA region, magnitt said.
Overseas Private Investment Corporation (OPIC) has invested 600 million shillings in order to provide affordable solar power in Kenya. The investment was received by a Nairobi-based firm that funds industrial and commercial solar installation ventures across East Africa, CrossBoundary Energy.
Uber has launched its motorcycle taxi service called UberBoda in Nairobi, Kenya. This was coming six months after the service was launched in Kampala, Uganda. UberBoda is to provide Nairobi residents with quick and affordable commute options across the city while using Uber app.
…and that is all for the day. See you next week.