MTN Share Prices Skyrockets After Nigerian Government Withdraws $2 billion Tax Claim, SA’s Disease Testing Software Firm UDoTest to receive $75,000 from the Global Insurance Accelerator and More

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Your Big 5 Daily Crooner is back again with juicy innovative gists.

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Big news! Africa’s biggest telco, MTN has witnessed a share price increase in South Africa. This development comes after the Nigerian government through its attorney general Abubakar Malami withdrew its $2 billion tax claim.

Next on the Big 5, UDoTest, a South Africa-based disease testing software firm has been set aside to receive $75000 from Global Insurance Accelerator (GIA). UDoTest will be part of GIA’s 6th cohort alongside other eight InsurTech companies.

Guess what? Nigeria’s President, Muhammadu Buhari, has finally signed the Finance Bill into law. Dubbed the ‘Finance Bill 2019’, the new law aims to change the country’s tax law to align with global practices.

Also, Bolorims an online marketplace based in Nigeria acquired a 10% stake in Kenya-based e-commerce platform AfricaSokoni. They will leverage the stake to launch Bolosokoni.com across West Africa.

Finally, Facebook has appointed Derya Matras as Regional Director for the Middle East and Africa businesses. Derya will henceforth lead the operations in the regions and also grow their economic and social impacts.

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