Of double whammies and hacked blockchains

April 12, 2021 · 1 min read
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Good day,

Múyìwá here.

Not much of note has happened in African tech since two Egyptian VC firms announced raising a combined $160m, and Nigerian fintech startups got a double whammy from the SEC and then the CBN. So this will be super quick so you can get on with your Monday.

You might remember when, in July 2018, Uganda introduced a social media tax and then, in 2019, it was observed to result in a decline in internet users? Two years after, the Ugandan government realised it was a terrible idea; at least 40% of internet subscribers weren’t even paying. The solution? Yet another tax

Meanwhile, we now have a rare look into how China structures loans to keep African nations indebted to it. It’s an 85-pager so you might want to save it for later

More links to save for later

Have a great week!
Múyìwá Mátùlúkò for Techpoint Africa.

Featured image credit: Jackson Simmer on Unsplash.

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