As usual, here are highlights of some news and stories that happened last week in the African startup ecosystem.
🍞 IMF Raises Food Security Concerns, says Fiscal Deficit will Hit 6.1% of Nigeria’s GDP
🏫 South Africa’s EdTech Startup Snapplify Launches Teacha! Marketplace for East Africa
⏩ Jumia’s venture into quick commerce could slow its path to profitability
🌍 Zimbabwe’s Ecommerce Company Appletree Launches ‘Take One Million African Traders Online’ Movement
📜 Lagos considers the adoption of Nigeria’s Startup Bill
⛓ Nigeria Stock Exchange plans to Use Blockchain Technology to attract Investors
🤔 Nigeria’s internet regulator releases draft to regulate Google, Facebook, TikTok and others
🎉 Fintech company Flutterwave appoints Oneal Bhambani as Chief Financial Officer
💵 Ethiopia’s National Startup Fund to get Unloaned Bank Funds
🏪 Amazon to launch e-commerce marketplace in South Africa: report – TechCentral
⚡ KenGen installs electric vehicle charging station in Nairobi, launches 83MW plant
🔁 Nigeria’s CcHub launches innovation hub focused on circular plastic economy – Disrupt Africa
🧠 Google offers 1,000 scholarships to Africans to celebrate International SMB Month
🧸 Egyptian marketplace for toys Tasala shuts down due to import restrictions – Wamda
📈 Nigerians consumed 353,118 terabytes of data in 2021, 68.2% higher than 2020 – Technext
💡 FMO backs AfricArise to fast-track tech start-ups – Ventureburn
📉 Africa’s First Central Bank Digital Currency Has Struggled To Take Off
📡 Uganda to launch its first satellite in September
And it is a wrap. If you missed our weekly funding recap, read it here. Finally, don’t forget to share with friends.
