Meta Threatens To Pull Instagram and Facebook from Nigeria Over $220M Fine
Plus: Money Fellows raised $13 million and Cape Verde €45.59 million tech park
Nigeria has accused Meta of orchestrating a “negative PR campaign” to pressure authorities after the tech giant threatened to pull Facebook and Instagram from the country over a $220 million fine.
In The News This Week:
Cairo-Based Money Fellows Raises $13M to Expand Fintech Access Across Africa
Money Fellows, a Cairo-based fintech startup digitizing traditional savings circles, has raised $13 million in a strategic funding round, bringing its total investment to over $60 million.
Cape Verde Launches Landmark Tech Park, Aims to Become “Tech Islands of West Africa”
Cape Verde has officially launched TechPark CV, a €45.59 million tech hub designed to position the island nation as a regional digital powerhouse connecting West Africa, Europe, and the Americas.
Airtel Africa Taps SpaceX’s Starlink to Boost Rural Internet Coverage
Airtel Africa announced a partnership with SpaceX to provide high-speed internet via Starlink across its African markets.
In the rest of the news (ICYMI):
Nigeria Launches First Industrial Biochar Facility to Tackle Carbon Emissions
Ghana Loses Nearly GHC 500k to Online Blackmail in First Half of 2025
Africa Ecosystem Activity
Ghanaian PE, securities, pensions industry leaders sign compact to mobilise domestic capital
Egyptian pharma startup i’SUPPLY raises $3m Sharia-compliant funding