TECH ROUNDUP: MTN among top 5 companies that pay high salaries to staff

• MTN Nigeria is 3rd on the list of top 5 highest paying salary Companies

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• Data breaches in Nigeria have shrunk by half

• Kenya-based content creators say that the government does not deserve the new 15% withholding tax

• Tyme has raised .8 million in a pre-Series C round

  Alibaba is cutting 7% of its workforce

MTN Nigeria is 3rd on the list of top 5 highest paying salary Companies in Nigeria with over N33.93 billion in 2022 and a staff strength that declined by 1.41% to 1,675 from 1,699 employees the prior year. Seplat Energy, TotalEnergies, and MTN Nigeria led the list of companies that paid the most average salary per staff in Nigeria in the year 2022, based on average employee expenses for the year.

Jumia’s operating losses fell by 54% year-over-year to $31 million, even as gross profits rose to $28.6 million, a 5% year-on-year change, its Q1 2023 report shows.

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Tyme, owners of the South African digital bank TymeBank has raised $77.8 million in a pre-Series C round led by Norrsken22 and Blue Earth Capital to expand its global footprint.

POLITICS

The International Organization of Securities Commissions Organisation (IOSCO) has issued consultation detailed recommendations on how to regulate crypto assets. “Crypto-asset service providers need to address unacceptable conflicts of interest and take far more seriously the right of clients to have their monies and assets carefully minded and accounted for,” the body said.

Kenya-based content creators say that the government does not deserve the new 15% withholding tax on income generated from digital content monetization. “You cannot milk a cow which you’ve not given grass,” skit maker Alex Mathenge said.

SOCIAL MEDIA

Data breaches in Nigeria shrunk by half in Q1 2023 to 41.6 million accounts from 81 million last year. However, the number of leaked accounts rose by 64% to 82 thousand this year making Nigeria the 32nd most breached country in Q1 2023. 

Google has expanded its Flood Hub platform to 8 new African countries including Burundi, Eswatini, Guinea Bissau, Lesotho, Madagascar, Rwanda, Senegal, and Zimbabwe.

WORLD NEWS

Microsoft says companies can build their own AI-powered “copilots” — using tools on Azure and machine learning models from its close partner OpenAI. 

Alibaba is cutting 7% of the workforce in its cloud computing division as the unit gears up for an initial public offering. 

ENIGERIA NEWSPAPER