Here are this week’s top news headlines about startups, entrepreneurship, innovation and tech around Africa.
Africa’s first nationwide LTE network? Leading South Korean telecoms company, Korea Telecom, has reportedly completed the construction of an LTE network that will serve over 95% of Rwanda’s 12 million population. Read more on TechMoran.
Kenya goes to space. Thanks to the University of Nairobi, Kenya has made history by being (possibly?) the first African country to launch a home-designed satellite into space. Read more on Quartz Africa.
Cryptocurrency ban in Zimbabwe. According to TechZim, “The Reserve Bank of Zimbabwe has issued a directive to Zimbabwean financial institutions prohibiting them from working with cryptocurrency exchanges or holding any accounts of people trading in cryptos”.
- Lagos state government to convert Sabo Industrial Estate to an ICT Hub
- Teleology to raise $300 million loan for 9mobile acquisition
- Port Harcourt-based startup, Touchabl raises $20,000 funding from Genesys Tech Hub
- Bukola Saraki affirms Senate’s readiness for fintech regulation in Nigeria
- TREP, an Akure-based startup run by FUTA undergrads, wins Microsoft Imagine Cup Nigeria 2018
Report: Millionaire West African startups” raised over $1.806 billion between 2010 and 2019, 97.9% of which went to Nigerian startups. Get a free overview and 50% purchase discount here.
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