Africa Tech News

Africa Business Radio

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An exclusive podcast reporting daily on the happenings in the world of tech in Africa. From Social Media to Agric-tech, Legal tech, Fintech, Health-tech, Edtech, etc; All the stories, events, and fundraising, catch the latest juice right here from Monday to Friday Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

21/02/2024

Amazon and SpaceX Accused of Trying to Demolish National Labor Law

Amazon alleged in a legal filing published that the National Labor Relations Board is unconstitutional. SpaceX and companies that, like Amazon, have repeatedly faced labor law violations from the federal agency have recently made similar attacks that threaten national worker protections. Amazon claims that the NLRB’s structure is unconstitutional because administrative law judges are insulated from presidential oversight, thus violating the separation of powers. The company also argues against the structure of NLRB itself, as well as its ability to fine a company for unfair labor practices after a hearing, rather than a full jury trial. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

2 min
21/02/2024

Partech Closes Its Second Africa Fund At $300M+ to Invest in Series C

Partech has closed its second Africa fund, Partech Africa II, at $300 million+, just one year after reaching its first close. Partech Africa, which originally targeted €230 million before its fundraising efforts started, solidifies its position as the largest fund dedicated to African startups. Amidst a backdrop of global VCs and institutional investors pulling back from Africa, Partech Africa’s recent fund closure is significant. The continent witnessed a notable decline in investor activity, with a 50% decrease in 2023 compared to the previous year, as highlighted in a Partech report. This retreat, influenced by global economic shifts and local challenges, translated into reduced venture capital inflows for African startups, totalling between $2.9 billion and $4.1 billion last year, down from $4.6 billion to $6.5 billion in 2022. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

2 min
21/02/2024

Kenyan EV Startup Roam Secures $24m to Scale Production

Roam, a Kenya-based electric vehicle company has raised $24 million in equity and debt to expand local manufacturing capabilities in Kenya, scale up production at its new 10,000 sqm Roam Park facility, invest in research and tooling for cost efficiencies, and streamline local and global supply chain networks. The $14 million Series A funding round was led by Equator Africa and participation from At One Ventures, TES Ventures, Renew Capital, The World We Want, and One Small Planet, among other prominent private and institutional investors. The $10 million debt facility was provided by the International Development Finance Corporation. Estimates from the BloombergNEF show that EV sales are projected to reach 16.7 million in 2024, representing a 20% increase from the previous year. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

2 min
21/02/2024

Starlink Importation, Use, and Resale a Criminal Offence in Botswana

Botswana’s telecoms regulator has warned the public against the importation, use, and resale of Starlink devices in the country. The importation, use, and resale of Starlink devices are punishable offences in Botswana, according to the Botswana Communications Regulatory Authority. Starlink is not yet licensed in the country and the regulator has stated that it is currently vetting the service’s application. Reports indicate that some owners of Starlink devices, who claim to be using them for personal use, are being barred from entering the country with them at the Kazungula border post with Zambia, where the service has officially launched. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

2 min
21/02/2024

Flutterwave’s Disha Pauses All Activity

Disha announced the product will be paused indefinitely from March 31, 2024. Its 100,000 creators have until then to migrate their content and profiles to other platforms. Flutterwave’s CEO Olugbenga Agboola says at the time, that he considered Disha the creator version of Flutterwave Store which now serves over 900,000 businesses across 154 countries. Early in 2022, Flutterwave also paused its Barter by Flutterwave, its virtual dollar card service, due to problems its partner company, Union54, faced with chargeback fraud. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

2 min
21/02/2024

Nigeran State to Use Tech to Track Kidnappers

The country, in 2019, approved $433 million to bankroll a five-year project that would provide everyone with unique 11-digit identification numbers that would be registered to every SIM card. So far, about 102.39 million NINs have been registered. Security officials in the country’s tech capital of Lagos have announced the reactivation of tracking devices to apprehend kidnappers. The Lagos State Commissioner of Police says that it’s working with several other agencies to apprehend culprits in hot zones. The tech used to track SIM cards and match the national identity numbers registered to the cards has been deactivated since 2021. The sources also revealed that the payment for the tracking service at the NPF was suspended at the same time. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

2 min
14/02/2024

Oregon Considers Right-to-RepairBill

Oregon may soon become the latest state to pass right-to-repair legislation. Last month, Google lent its support in an open letter, calling Senate Bill 1596 “a compelling model for other states to follow. The bill, sponsored by a sextet of state senators and representatives, was inspired in part by California SB 244, which Governor Gavin Newsom signed into law in October. Apple openly supported that bill — a rare endorsement from a tech giant that loves playing it close to the vest. Cupertino is, however, less enthusiastic about certain inclusions in the Oregon legislation that were absent from the California law. John Perry, Apple's senior manager, of Secure System Design, says Apple agrees with the vast majority of Senate Bill 1596 and appreciates her willingness to engage in an open dialogue. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

2 min
14/02/2024

Ethiopia Ban Importation of Non-electric Cars

Ethiopia is placing a ban on gasoline and diesel car imports, and express admission on electric vehicles. Transport Minister Alemu Sime, says prioritises both green energy and reducing dependence on fuel imports. The ban will involve smoke tests for current vehicles, with those failing considered unsuitable for road use. The government intends to establish a robust network of EV charging stations to support the expected increase in electric vehicles. The government’s decision in 2022 to offer tax exemptions for electric cars also underscores its commitment to green initiatives. However, several companies are starting to assemble and sell EVs locally, including Hyundai and Marathon Motor Engineering. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-tech-news--5512041/support.

1 min

Tout afficher (619)

Création

Africa Business Radio
Années d’activité

2022 - 2024
Épisodes

619
Classification

Tous publics
Site web de l’émission

Africa Tech News

Africa Tech News

Amazon and SpaceX Accused of Trying to Demolish National Labor Law

Partech Closes Its Second Africa Fund At $300M+ to Invest in Series C

Kenyan EV Startup Roam Secures $24m to Scale Production

Starlink Importation, Use, and Resale a Criminal Offence in Botswana

Flutterwave’s Disha Pauses All Activity

Nigeran State to Use Tech to Track Kidnappers

Oregon Considers Right-to-RepairBill

Ethiopia Ban Importation of Non-electric Cars

À propos

Informations

Africa Tech News

Épisodes

Amazon and SpaceX Accused of Trying to Demolish National Labor Law

Partech Closes Its Second Africa Fund At $300M+ to Invest in Series C

Kenyan EV Startup Roam Secures $24m to Scale Production

Starlink Importation, Use, and Resale a Criminal Offence in Botswana

Flutterwave’s Disha Pauses All Activity

Nigeran State to Use Tech to Track Kidnappers

Oregon Considers Right-to-RepairBill

Ethiopia Ban Importation of Non-electric Cars

À propos

Informations