Business/Brands & Marketing
TECH ROUNDUP: Tizeti in partnership with Microsoft
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Tizeti has entered a partnership with Microsoft to bring broadband internet to underdeveloped areas of Cote d’Ívoire
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Meta is expected to face a record privacy fine on Monday
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Jia has raised .3 million in seed funding
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Egypt has sold its 9.5% stake in state-run Telecom Egypt Co.
Tizeti has entered a partnership with Microsoft to bring broadband internet to underdeveloped areas of Cote d’Ívoire. “The partnership aims to provide affordable and reliable high-speed internet access to underserved communities and people in the country,” Tizeti said in a statement.
Egypt’s Axis has launched axisPay, a digital payments platform for the North African market after securing a license from the Central Bank of Egypt (CBE), to complement its open-loop mobile wallet.
Also Read: TECH ROUNDUP: Payday Halts Mastercard Withdrawals
Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 million in seed funding, and an additional $1 million commitment for on-chain liquidity.
POLITICS
Egypt has sold its 9.5% stake in state-run Telecom Egypt Co., raising more than 3.7 billion Egyptian pounds ($121 million) as part of its bid to divest its stake in 32 companies by June and raise $2 billion for the country.
Ghana’s Public Utilities Regulatory Commission has raised the average end-user electricity tariff for the second quarter of 2023 by 18.36%, just after a 29.63% hike in Q1.
SOCIAL MEDIA
WhatsApp has launched Chat Lock, which lets users put conversations in a folder that can only be accessed with their device’s password. “Our passion is to find new ways to help keep your messages private and secure,” WhatsApp said.
WORLD NEWS
Elon Musk has warned Tesla shareholders to expect a difficult year because of an unsteady global economy and high-interest rates. “This is going to be a challenging 12 months. Tesla is not immune to the global economic environment,” he said.
Meta is expected to face a record privacy fine on Monday when Ireland’s Data Protection Commission confirms the social media platform mishandled people’s data when shipping it to the United States.
India has unveiled a $2.1 billion financial incentive plan to draw makers of laptops, tablets and other hardware to the South Asian nation as companies look to diversify supply chains beyond China.
An American judge has ruled that Theranos founder, Elizabeth Holmes must report to prison on May 30th. The US District Court Judge Edward Davila denied Holmes’ request to stay out of prison while she appeals her fraud conviction and 11-year sentence.
