I've been seeing a lot of tweets about Call of Duty Mobile (CODM) lately, and I'm starting to think a lot of Nigerians and Africans now play the game.
I also get paired with Africans more often, unlike when I started playing in 2020 and was paired with Germans I couldn't communicate with.
I'm thinking of doing a story about it, but I'm scared I'll just end up getting into BR games with everyone I'm supposed to interview.
If you don't know what BR is, you need to start playing CODM. If you do, reply with your username, and let's play!
Here's the news for today
- LemFi suspends operations in Ghana
- Kenyan startups to get a tax break
LemFi suspends operations in Ghana
LemFi, a remittance startup founded in 2020 by Olalere Ridwan and Rian Cochran has paused its operations in Ghana.
Why? The Bank of Ghana said the company and seven others, including Wise, Transfer Go, and PayPal’s Xoom are operating without regulatory approval. That means no financial institution in Ghana can work with LemFi and the others.
Before you think the Ghanaian apex bank is being mean, you should know that f Ghana’s Foreign Exchange Act, 2006 (Act 723) prohibits dealing in foreign exchange without a licence.
Zoom out: LemFi made headlines when it raised $33 million back in August. The founders, — Ridwan and Cochran — former OPay employees said they launched the company to ease the process of sending and receiving money for immigrants. The company was able to engage Nigerian authorities to get its International Money Transfer License (IMTO) licence and could be in talks about getting a Ghanaian license too.
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Kenyan startups to get tax break
By April 2024, Kenyan startups will get tax breaks.
Why? Kenya's President, William Ruto, has said the country's Startup Bill which will give Kenyan Startups a tax break be passed into law next year.
At the Kenya Innovation Week (KIW) the president said, "By March, or April next year, we will have a firm startup law in Kenya, which will assist many of our innovators de-risk their innovations and turn them into businesses."
What is the Kenyan Startup Bill? The Bill was introduced in 2021 by the Nairobi Governor, Johnson Sakaja. If passed, it is expected to help Kenyan startups grow. Startups will enjoy tax breaks and a credit scheme for startup financing.
Implementation is important. Having an idea and implementing it are two very different things. Besides Kenya, there are many other African countries with Startup Acts, some of which are Nigeria and Senegal, however, implementation of the Act has not really been felt by the startups of that country.
What am I reading and watching
- An insane CODM player from Nigeria
- To Beat the iPhone, You Must... Be the iPhone?
- You can now play games on YouTube
