Season Greetings!
Still in the festive mood, here is today’s edition of the Big5 Daily.
On Friday, I noticed that Twitter barred me from accessing my account without first updating the app. To confirm my worries, the social media platform warns Android users like me to update their apps to the latest version. The update fixes a bug that attacks vulnerable accounts.
The next Big5 Daily is good news from the AfriLabs Annual Gathering 2019. The company launched the AfriLabs Capacity Building Programme, a €2M fund to support the development of tech hubs in Africa.
Moving further West, the Central Bank of Nigeria has ordered that all charges on digital transfers should be slashed. Interbank transfers below N5000 will be charged N10, while those between N5000 – N50000 costs N25. This directive will take effect on 1st January 2019.
Another Francophone African country has raised funds. Julaya based in Ivory Coast raised $550k to digitize its fintech operations for SMEs. The fund will be used to develop its business in the country.
Finally, R2S Logistics, Egypt-based last-mile delivery platform also raised an undisclosed sum. The Pre-Series A fund was secured from A15, an investment firm in the MENA. It intends to use the funds to build a modern-day-e-commerce ecosystem in Egypt.
Thank you for stopping by today. Enjoy the love, joy and peace that this season brings.