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- Is Ghana's Music Rights Organisation Failing to Secure Royalties for its Artists?
Is Ghana's Music Rights Organisation Failing to Secure Royalties for its Artists?
Deel acquires South Africa HR company and Bolt launches in Cairo
What’s happened this Week:
Moroccan tookeez raises $1.5 million
Ghana risks $3.8 billion fallout if it passes anti-LGBTQ bill into law
and more!
In The News This Week:
Deel Acquires South Africa HR Startup PaySpace For Undisclosed Amount
US-based HR Startup Deel has announced it is acquiring African-based payroll and HR software and services company PaySpace for an undisclosed amount.
Ghana Could Lose $3.8 Billion If Anti-LGBTQ Bill Is Signed Into Law – Ghana Ministry Of Finance
Ghana’s Ministry of Finance has asked President Akufo-Addo not to sign the recently passed anti-LGBTQ bill by Parliament.
According to the Ministry, Ghana stands to lose World Bank financing, estimating a potential loss of $3.8 billion over the next five to six years.
MDaaS Global Raises $3 Million to Transform Healthcare Access across Nigeria with BeaconOS Platform
MDaaS Global, a healthtech company and operator of Nigeria’s fastest-growing healthcare network – BeaconHealth Diagnostics, has raised a $3 million Pre-Series A round of financing.
In the rest of the news:
Deep Dive
Is Ghana’s Music Rights Organisation Failing In Its Mission To Distribute Royalties To Musicians and Other Rights Holders? - The Ghana Music Rights Organisation (GHAMRO) is the body responsible for collecting and distributing royalties to musicians and other rights holders in Ghana.
GHAMRO has been working to ensure that music creators receive fair and timely royalties for their works, as well as to promote and protect the interests of the Ghanaian music industry.
Why This Matters: The organisation has been embroiled in controversies and legal challenges which stifle its mission of helping artists and musicians
PODCAST: The Future of Bitcoin in Africa with Ray Youssef, CEO Of NoOnes
On today’s episode, we talked with Ray Youssef, the CEO of Noones, a financial communication super app that allows users to purchase and sell Bitcoin.
Before Noones, Youssef was the CEO and Co-Founder at Paxful.
In the episode, we discussed the latest developments on the crackdown of crypto in Nigeria, his call to the Nigerian government for a dialogue, and the hope for crypto and Bitcoin in Africa.
Africa Ecosystem Activity
Conducive Capital launches $50m VC fund to invest in early-stage startups - Disrupt Africa
SA e-health startup RecoMed secures funding from Japanese pharma Eisai - Disrupt Africa
Conducive Capital launches $50m VC fund to invest in early-stage startups - Disrupt Africa
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Stat of The Day
Ghana celebrated its 67th independence day on March 6th this week.
There have been discussions that Ghana and Singapore had been close, especially since the dates of independence are close (Singapore - 1965, Ghana - 1957).
However, despite have more resources including gold and cocoa, Singapore has had more successes in terms of GDP per Capita over the years. Singapore in 2019 had a GDP capita of $82,336.34 compare to Ghana’s $5,363.27.