• TikTok’s Safer Together Workshops have attracted 116,355 attendees. 
• The social media platform has in the recent past had issues over safety in Kenya and around the world.
• According to TikTok, the initiative will involve availing educative videos on digital and internet safety on the platform.

Kenyan youth have joined TikTok’s Global Youth Council to engage with TikTok CEO Shou Chew on matters of digital safety as the video sharing app faces mounting pressure from governments across the world.

This collaboration comes as part of the social platforms ongoing efforts, in partnership with Eveminet, to promote a safer online environment through TikTok’s Safer Together Workshops. The trainings come amidst measures by some countries, including Kenya, that ban the use of the platform on government issued devices due to data safety concerns.

The TikTok’s Safer Together Workshops were officially launched in October 2023 with the goal of creating a safe and empowering …

• Ghana-based Zeepay has secured support from Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P.
• The firm is set to ehancing its offerings to International Money Transfer Organizations, senders and recipients of remittances.
• Last year, the company processed 10 million remittance transactions amounting to over $3 billion.

Cash transfer giant Zeepay has successfully closed a substantial equity investment round that is poised to power its business in new territories. Led by Pan-African investment heavyweights including Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and Investisseurs & Partenaires (I&P), this financial infusion is poised to turbocharge Zeepay’s ambitious expansion across Africa and the Caribbean.

Since its establishment in 2014, Zeepay has been at the forefront of revolutionizing payment infrastructures, boasting an impressive presence in over 20 countries globally.

Specialising in the instant settlement of remittances into mobile money wallets, the company has been a beacon of financial …

• The situation involving Binance in Nigeria has turned sour due to several events.
• For a few years, the Binance marketplace seemed to work well enough, but in 2023, the Nigerian government ended the naira’s peg to the US dollar as part of sweeping economic reforms.
• In what is now a testament to the sprained relationship between Binance and Nigeria, the authorities filed tax evasion charges against the cryptocurrency exchange.

Binance Under Regulatory Spotlight

Binance’s journey from a small start-up to one of the largest cryptocurrency exchanges globally has been impressive but not a smooth run. The platform’s rapid growth and global expansion brought it under the regulatory spotlight globally.

• MTN is divesting its stakes in Guinea-Bissau and Guinea-Conakry to Telecel.
• The telco giant will now shift more focus on rising markets Ghana, Cameroon, Nigeria, and Cote d’Ivoire.
• With the exception of Cameroon, these three markets account for a combined 18.6% of the Group’s revenue.

South African tech heavyweight MTN has unveiled a key shift in its market strategy involving the divesture of its stakes in Guinea-Bissau and Guinea-Conakry businesses to Telecel.

This move is poised to mark a strategic change in bolstering MTN’s presence in Africa in what is perceived as stronger markets within the West and Central …

• Foodtech startups are leading a movement that aims to enhance food security and transform African agriculture into a model of economic viability and sustainability.
• Nile, a business-to-business (B2B) marketplace seeks to modernise agricultural trade by enabling direct connections between farmers and buyers.
• Another entity, Sand to Green, employs advanced agroforestry practices and technology to transform arid desert lands into fertile agricultural zones.

In the face of a future where 140 million people in Africa confront acute food insecurity, the emergence of foodtech startups across the continent is starting a new phase in agricultural practices and food production.

Armed with innovative technologies and visionary approaches, these startups are leading a movement that aims to enhance food security and transform African agriculture into a model of economic viability and sustainability.

A trio of visionaries from Amazon, JP Morgan and Luno have established a digital insurance platform Nile, a business-to-business (B2B) marketplace that …

• Hormuud Telecom has launched the 5G network across Somalia, enhancing the speed of internet and communication.
• This marks a significant leap towards a digitally inclusive society with reliable internet connectivity in the country.
• A 5G networks is set to stimulate economic growth, create jobs, and revolutionize public services such as healthcare and education.

Hormuud Telecom has unveiled its 5G network, marking a historic moment for its main market Somalia, which now enters into the elite group of African nations such as Kenya and Ethiopia that have embraced this cutting-edge technology.

Hormuud Telecom 5G signal is now present across 30 cities and towns, promising to revolutionize the speed of the internet and communication and transform Somalia’s digital economy.

Enhancing Communication with 5G Technology

The introduction of the 5G network by Hormuud Telecom signifies a monumental leap in improving internet connectivity’s speed and reliability across Somalia. President Hassan Sheikh Mohamud, along …