This week: MTN is building private 5G networks in SA

This week: MTN is building private 5G networks in SA

Plus: Only 10 digital lenders have licenses in Kenya.

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Editor’s note

  • Week 37, 2022
  • Reading time: 5 minutes

After a pandemic, health technology remains healthy. In the wake of mPharma’s acquisition of HealthPlus, startup Remedial Health has been raising the seed. What is the price? This information and more is in this edition of the TC Weekender programme. ✌🏿✌🏿✌🏿✌🏿

Kelechi Ngoku Senior Editor, TechCabal.

Editor’s Picks

Free transportation in Tanzania

From October, Tanzanians will wave goodbye to transferring fees on withdrawing cash through bank agents and ATMs for transactions under $12.81.

Find out why.

Flutterwave integrates with Google Pay

After integrating naira on its platform, Flutterwave has kept its promise two days after raising $250 million in a Series D increase – to integrate Google pay on its platform. Apple Pay is on its way.

Learn more.

Sendy is now B2B

Sendy is now exclusive to enterprise customers. The Safaricom-backed logistics company has completely transformed into a B2B company. Now its Sendy Transport product is available to businesses only.

More details.

The Central Bank of Kuwait licenses only 10 digital lenders

Following the expiration of the three-day deadline by the Central Bank of Kenya (CBK), 10 digital lenders in Kenya are now licensed to operate in the country.

Learn more.

Jumia Get More Facilitations in Kenya

Giants need big homes. Jumia, the e-commerce giant, has launched an 11,000 square meter warehouse and logistics network facility in Nairobi. The site provides Jumia for more efficiency, more profit and less environmental damage.

Read more.

Lessons from Koda’s loss

On Friday, September 16th, news emerged that Kuda Bank may incur a loss of 6 billion yen in 2021. While the news is horrific, there are some lessons to be learned.

Learn lessons.

Partner content

Want to be a tech bro? Then you have to look the part. Start your journey with TechCabal Merch.

Bamboo inauguration in Ghana

Ghana has got its own bamboo as the Nigerian online brokerage firm expands in the country. It is welcomed by a waiting list of more than 50,000 users who will now be able to buy and invest in shares from US companies such as Apple Inc and Tesla.

Learn more.

MTN creates private 5G networks in SA

MTN is building a private 5G network for the mining and port industries in South Africa. The service will give customers the ability to control their own network.

More details.

Binance tours French-speaking Africa

Binance, the leading global provider of cryptocurrency infrastructure, has begun a five-country tour of French-speaking Africa with the aim of creating more awareness about crypto and Web3.

Learn more.

Nedbank Enters Metaverse

Following in MTN’s footsteps, Nedbank has planted its footing in the metaverse. The Bank of South Africa has acquired a 12×12 village in Ubuntuland, Metaverse Afrikare.

Read more.

Quidax crash

Nigerian cryptocurrency exchange Quidax website has crashed after the announcement of Nigeria’s biggest TV event, Big Brother Naija. The show drove about 2.4 million visits to its website from more than 25 countries.

Learn more.

Who brought the money this week?

  • Nigerian health tech startup Remedial Health has raised $4.4 million in seed funding.
  • Ivorian financial julia, Starch $5 million in pre-round 1 led by European venture capital fund Speedinvest.
  • SecondSTAX, a financial technology company based in Ghana, Starch $1.6 million in a pre-incorporation round from LoftyInc Capital Management and ORBIT54.
  • South African e-health company LocumBase, Starch Undisclosed amount in funding for Grindstone projects.

Crossword TC: What’s Going On at Zenith?

What is happening in Zenith? Discover.

Top Tweets of the week

What are you reading this weekend?

  • The Nairobi-based Baobab Network is investing $200,000 in four African start-ups.
  • South African mobile operator Cell C has concluded the recapitalization process.
  • Three Android phones that can rival the iPhone 14 Pro Max.

written by: Ngozi Choco

Edited by: Kelechi Ngoku

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