What’s happened this Week:

• Egyptian fintech Flash raises $6 million

• Starlink starts operating in Kenya

• and more!

A couple of weeks ago, we posted a story about Tingo Mobile and its red flags captured by a company called Hindenburg Research.

We followed up on a couple of leads including its non-registration with most of the Ghanaian regulators including Bank of Ghana, National Communications and Authority, and the Ghana Data Protection Commission.

We want to focus and spotlight the individuals running Tingo Inc. Today, we’re focusing on Tingo Inc president Chris Cleverly.

In The News This Week:

Egyptian Fintech Flash Raises $6 Million Seed Round to Revolutionise Cashless Payments In Egypt

Flash, an Egyptian cashless payments app, has completed a $6 million seed round led by Addition with participation from Flourish Ventures and other strategic angel investors.

Twitter Fails To Pay Severance For Former African Employees

According to a report by CNN, former African employees of Twitter have yet to receive their severance pay, months after being laid off.

Starlink Now Operational In Kenya

Starlink, the satellite internet company from Elon Musk’s SpaceX, has officially become operational in Kenya.

African KYC Startup Smile Identity Rebrands To “Smile ID”

Africa’s leading provider of identity verification solutions, Smile Identity, announced a company-wide rebranding to “Smile ID“.

Insurtech MyCover.ai Raises $1.25M Pre-Seed Funding

MyCover.ai, an insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round led by Ventures Platform.

Story Features

GSMA Report Indicates Low Adoption and Usage Of Ghana E-Government Services Amongst Women

GSMA, a global organisation unifying the mobile ecosystem, has put out a report on Ghana’s e-government service usage in Ghana.

The report found that Ghanaian women are still less likely than men to own internet-enabled devices, use the internet, access government e-services, or make digital payments.

The report concluded that the gender gap poses a challenge to Ghana’s digital inclusion goals.

Africa Ecosystem Funding Activity

• Applications open for 4th edition of Startupbootcamp AfriTech’s ASIP accelerator - Disrupt Africa

• Egyptian digital savings startup Menthum secures pre-seed funding - Disrupt Africa

“What’s Your Story” Nominated For Best Technology Podcast At APVA Awards 2023

Tech Nova’s podcast show “What’s Your Story” has been nominated for the Best Technology Podcast in the inaugural edition of the African Podcast and Voice (APVA) awards by Afripods

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