Business/Brands & Marketing
TECH ROUNDUP: Wasoko expands into Zambia
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Wasoko has expanded into Zambia
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M-Pesa has gotten a licence to roll out its services in Ethiopia
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South Africa recorded a 600% increase in fraud cases between 2018 and 2022
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IMF has warned that Zimbabwe’s gold-backed digital tokens could lead to the depletion of reserves
Wasoko, an African e-commerce company operating in the informal retail supply chain, has expanded into Zambia – the company’s first location in Southern Africa.
South Africa recorded a 600% increase in fraud cases between 2018 and 2022, barely a month after INTERPOL named it the cybercrime hub of Africa, with the country recording over 230 million incidents.
Also Read: TECH ROUNDUP: Twitter Gets New CEO
Nigerian Telcos including MTN, Glo, Airtel, and 9mobile, said they have secured the NCC’s approval to disconnect Deposit Money Banks who they say have refused to pay over N120 billion in USSD debt.
Safaricom’s M-Pesa has gotten a licence to roll out its services in Ethiopia. The telco paid $150 million to the National Bank of Ethiopia (NBE) to secure the licence.
POLITICS
South Africa’s government plans to introduce incentives for individuals and businesses to save electricity. Electricity minister Kgosientsho Ramokgopa said the government will provide a financial incentive for demand reduction by commercial and residential customers through its Distribution Demand Management programme.
IMF has warned that the Zimbabwe government’s gold-backed digital tokens policy could lead to the depletion of reserves. Zimbabwe has used nearly 140 kilograms of gold reserves to back the first sale of its digital money. It plans a second auction on May 18.
SOCIAL MEDIA
Elon Musk has appointed Linda Yaccarino, a former NBCUniversal executive as the new CEO of Twitter.
China has ordered Tesla to recall 1.1 million vehicles, citing an issue with the acceleration and braking systems of certain models manufactured in China and abroad.
Netflix plans to reduce its spending by $300 million this year, according to people familiar with the matter, as the streaming giant continues its push to improve profitability in a competitive market.
