Hindenburg Research, The Research Firm Which Helped Expose the Tingo Group, is Shutting Down
Plus: LemFi Raises Series B and Uganda rolls out digital licenses
Remember the Tingo Group which was exposed for fraud in 2023? The firm behind that expose is reportedly shutting down.
In The News This Week:
LemFi Plans Future Expansions with $53 Million Series B Funding Raise
London-based LemFi, a fintech platform targeting immigrants, has raised $53 million in fresh funding to fuel customer acquisition and expansion into new markets
Uganda Starts Roll Out of Digital License Plates
Uganda began issuing digital registration plates for private and public motor vehicles on Monday, 6th January, marking the third phase of the Intelligent Transport Monitoring System (ITMS) project.
Mastercard Opens Its First Office in Ghana, Strengthening its West Africa Footprint
Mastercard has launched its first office in Accra, Ghana, signaling its commitment to the region’s growing digital economy.
In the rest of the news:
Purple Elephant Ventures Raises $4.5 Million to Scale Its African Tourism Portfolio
Kenya Orders Social Media Platforms to Step Up Physical Offices
SportyFM, Ghana’s First 24/7 Sports Radio Station Officially Launches
Vodacom, Orange Partner to Boost Rural Connectivity in the DRC
Hindenburg Research, Which Exposed Tingo Group in 2023, is Shutting Down
Africa Ecosystem Activity
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