Kenya blocks rogue digital lenders from blacklisting borrowers

After temporarily suspending negative blacklisting of borrowers due to the pandemic, Kenya’s Apex bank turns up the heat on unregulated money lending apps, with a new policy that stops them from blacklisting defaulters

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Nigerian biotech startup, 54gene, raises $15 million in Series A funding

Nine months after securing $4.5 million in seed funding, Nigerian biotech startup, 54gene, has raised $15 million in Series A funding to address deficiencies in African genetic code used in health research.

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3 African startups selected to take part in Google for Startups Accelerator on SDGs

Alongside eight other startups, African startups—mDoc, Flare and Solar Freeze—have been selected to participate in Google for Startups Accelerator programme on Sustainable Development Goals which begins on April 21.

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What’s next for other African countries as Kenya finally lifts ban on drones?

After a drawn-out process that began early in 2019, Kenya’s regulation on unmanned aircraft systems has been signed into law, meaning the purchase and use of drones is no longer illegal. A look at the bigger picture.

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Mobile money service, M-Pesa, is now owned by Vodacom and Safaricom

M-Pesa has dominated Africa’s mobile money space for a long time under the control of the UK’s Vodafone. Safaricom and Vodacom will be hoping to take the service to new heights after acquiring it from Vodafone.

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WhatsApp’s new cap on forwarded messages will check fake news spread

WhatsApp once again limits the reach of message forwards. Asides the intention to relatively curb misinformation, it is particularly expected to forestall circulation of false news during this global pandemic

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NITDA to obtain exemption for essential services startups during lockdown

Following the proposals of the recently convened tech advisory committee on COVID-19, NITDA begins working on exemptions for startups offering essential services during the lockdown, but other cushioning policies needed.

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Fact check: Sealed Jumia warehouse reopened, deliveries still ongoing

The Lagos State Environmental Protection Agency recently announced sealing off a Jumia warehouse in Lagos, but insider sources reveal that it has since been unsealed and essential items are still being delivered.

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German investment firm, Rocket Internet, sells off stake in Jumia

Roughly a year after its IPO in 2019, Africa's largest eCommerce platform, Jumia, looks set for another phase as its parent company, Rocket Internet, sells off its remaining shares in the firm.

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