Here are this week’s top news headlines about startups, entrepreneurship, innovation and tech around Africa.
Blame it on Trump. MTN Group claims that President Trump’s recent decision to withdraw the US from the “rotten” (in his words) Iran nuclear accords could cost it as much as $240m. Read more on BusinessTech.
Sensor Networks raises $1.03m. The Cape-town, SA-based Internet of Things startup recently announced securing a $1.03m round led by Sanari Capital and supported by the ASISA ESD Fund and original investor, 4Di Capital. Read more on Disrupt Africa.
Econet Zimbabwe scandal. Apparently, some Econet agent in Zimbabwe didn’t do their job properly, enabling fraudsters to defraud a customer of about $3346. Read more on Techzim.
5G comes to SA. MTN and Huawei have successfully launched a 5G outdoor trial in South Africa, achieving download speeds of up to 530Mbps. Read more on MyBroadband.
- Zinox to acquire new plant for assembly of OEM devices
- Swahili becomes the first African language to be recognised by Twitter
- Ebonyi State government has banned mobile phones in its state house
- Telecom operators call for the regulation of social media services
- MTN Group invested ₦225 billion in Nigeria in 2017
Nigerian startups raised $17.6m in Q1 2019, 8.5% higher than they did in Q1 2018. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.