Why Kenya is after Nigerian fintechs

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July 21, 2022
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1 min read

Lawsuits are flying across the tech space. The first involves a company called Meta suing Meta (formerly Facebook) for trademark violation. 

The company disclosed that it had been negotiating with Facebook over a peaceful settlement, but having failed to do so, they have resorted to a legal solution. eCommerce giant Amazon is also suing Facebook group administrators for fake reviews, while Elon Musk vs Twitter has taken a new direction.

In more depressing news for Netflix, the streaming giant lost 970,000 subscribers, simultaneously confirming that it would launch its ad-supported offering early in 2023.

Closer home, Nigerian fintechs are embroiled in controversy in Kenya, and the Asset Recovery Agency has frozen the accounts of some fintechs over money laundering allegations. Listen to the Techpoint Africa team discuss these issues on the Techpoint Africa Podcast. You can find us on Google Podcasts, Apple Podcasts, and Spotify. You can also email us at podcast@techpoint.africa or share your thoughts and contribution with the hashtag #TechpointAfricaPodcast.

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Accidental writer, covering Africa's startup landscape and its heroes. Find me on Twitter @chigo_nwokoma.
Accidental writer, covering Africa's startup landscape and its heroes. Find me on Twitter @chigo_nwokoma.
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Accidental writer, covering Africa's startup landscape and its heroes. Find me on Twitter @chigo_nwokoma.

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