Democratic Republic of Congo Cancels $1.2 Billion Biometric ID Project
What’s happened this Week:
US SEC fines Tingo CEO
ChitChat partners with Mastercard
and more!
In The News This Week:
US SEC Fines Tingo CEO $250 Million For Inflating Financial Performance Metrics
According to the Financial Times, a US court has fined Tingo CEO Dozy Mmobuosi $250 million for fraud and barred him from serving as a director of a public company.
BYD Expands To Zambia Through Local Partnership with PEM
BYD, the popular Chinese electric vehicle manufacturer, is now in Zambia through a partnership deal with PEM (Pilatus Electric Mobility Zambia Limited) which will now be known as BYD Zambia.
Democratic Republic of Congo Cancels $1.2 Billion ID Project Due To Inflated Costs
The Democratic Republic of Congo has canceled a $1.2 billion project for a national biometric ID system. The project was canceled after a government watchdog warned of cost overruns and funding irregularities.
In the rest of the news:
Digital Lender Fido Raises $30 Million in Series B Funding Round
Tanzania Restricts Access To X Platform Amid Political Tensions
Mitesh Popat, Former Citi Middle East Africa CFO Joins Flutterwave as Chief Financial Officer
Oyster Raises $59M Series D to Democratize Access to Global Job Opportunities
Why The Idea Of Ghana Going Into Crypto Mining Is A Bad Idea
Starlink’s Internet Satellite Service Is A Marvel If You Can Afford It (Review)
ChitChat Partners with Mastercard To Launch Virtual Debit Cards
Africa Ecosystem Activity
SA fintech startup Omnisient raises $7.5m Series A funding for global expansion - Disrupt Africa
Senegalese logistics marketplace Logidoo launches all-in-one platform Afridoo - Disrupt Africa
Nigeria’s Kredete raises $2.25m to help African immigrants build credit scores, send money - Disrupt Africa
Tunisian energy management startup Wattnow raises multi-million dollar funding round - Disrupt Africa
Senegalese logistics marketplace Logidoo launches all-in-one platform Afridoo - Disrupt Africa
Tunisian energy management startup Wattnow raises multi-million dollar funding round - Disrupt Africa
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