What Happened To The Twitter Africa Team After Elon Musk's Takeover?
Lucky Achieves 10 million Users Milestone in Egypt, Cellulant gets licensed in Uganda
What’s happened this Week:
Lucky surpasses 10 million users in Egypt
Cellulant obtains license from Bank of Uganda
and more!
Last Friday morning, some Twitter employees in Africa woke up to find themselves locked out of their work email. They had just opened up their physical office during the week after working remotely for a while.
The African staff were later sent emails to their personal email accounts notifying them of their termination from Twitter.
So what happens to Twitter’s initial committment to Africa?
Events
Tech In Ghana Conference
We're happy to be a media partner for the upcoming Tech in Ghana conference happening from the 29th to 30th of November at the Accra Digital Center.
Tickets are now selling and they're going fast. You can get a 10% discount by purchasing a ticket and using our discount code "TECHNOVA" when you visit techinghanaconference.com.
In The News This Week
Stellantis Invests in Africar Group to Create Auto24, An African Used Vehicle Start-up
Auto24, a new subsidiary of Africar Group, has launched its activities in Ivory Coast. Africar Group is a class-leading and multi-country digital automotive marketplace across Sub-Saharan Africa. Stellantis investment aims at accelerating its used vehicle (UV) business on the buoyant African UV market.
Egyptian Fintech Platform Lucky Surpasses 10 million Users In Egypt
Lucky, a leading Fintech platform for credit products, offers & cashback rewards in Egypt and the Middle East, today announced that more than 10 million people are using its platform
Payment Company Cellulant Officially Licensed by The Bank of Uganda
Pan-African payment technology company Cellulant has been granted a Payments Systems Operator license by the National Bank of Uganda in line with the National Payments System Act, 2020.
Ed Tech Company Snapplify Expands into West Africa
As part of its commitment to increase access to digital education, leading global edtech company Snapplify is investing heavily in West Africa.
The company, established in South Africa in 2012, has already had hundreds of registrations by educational institutions in the region.
Built Accounting Amongst The Nine Startups Included In Wise Guys SaaS-Africa Acceleration Program
Built Accounting, a Ghana fintech B2B startup, has been added to the list of 9 startups on the second batch of the Wise Guys SaaS-Africa acceleration program.
Built Accounting and the other startups will go through an intense 5-month long acceleration program, receiving 65,000 EUR cash injection with a potential for up to 250,000 EUR in additional funding and a chance to connect with 600+ mentors and investors network
Blnk Raises $32 million To Power Instant Inclusive Consumer Credit in Egypt
Blnk, a fintech startup that enables instant consumer credit in Egypt, has raised $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country.
Featured Articles
The Crypto Community Is Steadily Growing In Ghana
Cryptocurrency, decentralised finance, and fintech enthusiasts in Ghana converged in Accra for the Ghana Crypto and Defi Summit last week.
Over 200 delegates gathered at the summit for sessions on a variety of topics including Web3, cryptocurrencies, decentralised finance, DAOs, and NFTs. Participants also experienced practical workshops to sharpen their use of these technologies, something that was particularly beneficial to complete beginners in the field
Africa Ecosystem Funding Activity
Quona Capital raises $332m fund for financial inclusion investments in emerging markets - Disrupt Africa
Egyptian food-tech startup Brotinni raises $600k seed round - Disrupt Africa
Algerian super app Yassir raises $150m Series B funding - Disrupt Africa
Nigeria’s CutStruct raises $600k pre-seed funding round - Disrupt Africa