24 JUNE, 2021
IN PARTNERSHIP WITH
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ECOWAS has issued a restraining inform stopping the Nigerian authorities from unlawfully imposing sanctions, engrossing, or prosecuting anyone composed using Twitter in the country.
Will the Nigerian authorities comply?
In this day’s edition:
- My Existence in Tech
- Chaka receives SEC license for digital stock trading
- Airtel Uganda separates Mobile Money unit from telecom industry
- South African Brothers vanish alongside with $3.6 Billion in Bitcoin
Jesse Forrester began an e-mobility firm in Kenya after deciding against going to university
In case you were to appear at three utterly different pictures of Jesse Forrester this day, you might perchance understand the identical unmistakable red cap.
It used to be given to him by a pricey friend. For him, it represents the those that have supported him.
His red cap has most regularly gotten him incorrect as Nigerian, something he does no longer scared away from. But he never fails to remind those that the cap is in actuality from Tunisia in North Africa.
Jesse grew up in Nairobi, Kenya. After high faculty, he travelled to South Africa where he carried out his A-levels on the African Leadership Academy (ALA).
After ALA, Jesse took up a fellowship. It used to be his first stab at being employed and he fleet stumbled on that it used to be no longer something that he fancied.
The premise of going to university didn’t thrill him either. So he did something he’d consistently wished to develop – he began his include industry.
At the original time, his firm Mazi Mobility is backed by international enterprise builder, Satgana, and is aiming at imposing an electric car ecosystem in Africa. To this cease, they lately launched a brand original hasty of electrical bodas or bikes.
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Chaka turns into the first startup to obtain SEC license for digital stock trading in Nigeria
Airtel Uganda separates Mobile Money unit from telecom industry
The day before right this moment, Airtel Uganda announced the separation of its Airtel Money unit from its telecom industry. The latter will develop into a brand original firm.
Why the separation?
It began in 2015 when a commercial high court docket dominated against 5 telcos — MTN, Warid, Uganda Telecom, Airtel, and Africell — operating cell money in Uganda, asserting that cell money operations were illegal.
The reason used to be that the firms were registered as telcos and no longer as monetary institutions, which formula the Monetary institution of Uganda did no longer license them.
Zoom out: In Africa, separating cell money gadgets from telcos for ‘higher guidelines’ is popping into a pattern.
In 2015, Ghana broke up its telecommunication companies and products from monetary companies and products, guaranteeing that every institutions offering the latter are regulated below the Banking Act, 2004 (Act 673).
The Kenya Files and Verbal exchange (Modification) Bill 2019 is calling to develop the identical if authorized.
In 2020, the Central Monetary institution of Nigeria (CBN) reportedly despatched a circular to telecom firms, amongst other non-monetary institutions, to employ for licences to develop into price banks.
No longer too long ago, MTN Uganda furthermore promised to quit its monetary companies and products and switch its identify from MTN MoMo to MTN Uganda Miniature on June 1, 2021.
South African Brothers Vanish alongside with $3.6 Billion in Bitcoin
This Friday, June 25th, Sterling Monetary institution’s CEO, Abubakar Suleiman will converse on TC Are living.
Abubakar will portion his perspective on how fintechs can salvage the handiest stamp from partnering with banks and other mountainous institutions.
He’ll be joined by Tosin Osibodu, CEO – Chaka; Elsa Muzzolini – CEO, Tomilola Majekodunmi – Co-founder/CEO, Bankly; Tayo Oviosu – Founder/CEO, Paga; and Robert Kotei – Operations Director for Africa at Ria Money Switch.
The tournament will be moderated by Topsy Kola-Oyeneyin, Accomplice at McKinsey & Company.
This is also a tremendous and insightful discussion for fintech innovators, monetary institution executives and other experts in the monetary sector. Even ought to you don’t belong to this category but are pondering Africa’s monetary sector, you might perchance furthermore simply composed composed fully be a part of in.
Register now: http://bit.ly/tclivejune25
This tournament is introduced to you in partnership withChaka. This might well perchance perchance furthermore offer educated insights from McKinsey & Company.
Point to: By clicking on the registration hyperlink for this tournament, you’ve indicated hobby in the tournament and might perchance simply salvage an invite to relief. To decide-out, please ignore the invite.
Written by – Daniel Adeyemi
Edited by – Edwin Madu