Ghana Finally "Launches" 5G Service

What’s happened this Week:

• Starlink stops new subscribers due to overcapacity

• Ghana uncertain of Nuclear Power vendor timeline

• and more!

In The News This Week:

MTN Nigeria’s MoMo PSB seeks new licenses to expand digital payments

MTN Nigeria, the country’s largest telecom operator, has applied for two new licenses for its fintech arm, MoMo PSB, aiming to broaden its digital payment capabilities in Nigeria.

Kobe360 CEO Ciku Mugmabi Exits The Company After One Year

According to a report from Tech Cabal, Ciku Mugmabi, CEO of Kobo360, a logistics startup that provides access to trucks for businesses like Dangote, Unilever, and Flour Mills, has resigned after one year at the company.

Ghana Launches 5G Internet Service; Will Begin Rollout To Accra, Kumasi and Takoradi

At a news conference in Accra, the Ghana government finally launched its much anticipated 5G high-speed internet service.

In the rest of the news:

• What a Trump Presidency Could Mean For Africa

• Ghana Launches National Space Policy to Boost Development

• Startupbootcamp and Mara Group Launch $250 Million Fund for African Tech Startups

• Africhange Secures IMTO License to Boost Remittances in Nigeria

• ChitChat Launches Global Remittances, Expanding Financial Services Features

• Wahu Mobility and Letshego Partner to Accelerate Electric Vehicle Ownership Across Africa

• Starlink Halts New Subscriptions In Kenya Due To Overcapacity

• Experts and Public Officials Divided on Ghana’s Nuclear Plant Vendor Timeline

Africa Ecosystem Activity

• Moroccan prop-tech startup Agenz secures undisclosed investment

• Applications open for $55k Harvard Africa Business Club startup competition

• Kenyan fintech startup Chumz set for Rwanda expansion after hitting 200k users

Podcast: Local Venture Investments with Damilola Teidi (Head of Platform and Network, Ventures Platform)

Damilola Teidi-Ayoola is currently the Head of Platform and Networks at Ventures Platform, where she leads a team focused on building expertise-driven post-investment support initiatives that create value for the fund’s portfolio companies and founders.

In the episode, we discussed how Ventures Platform does due diligence when investing, the trends in the current VC space on the continent, and other topics related to investing in Africa.