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Supported By
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Good morning!
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We begin today with a bit of good news. The Tech Nation Global Talent Visa is back. Founders Forum Group has acquired Tech Nation pumping it with fresh funding that was cut off when the British government cut its funding.
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Across the pond, Amazon has started firing employees as part of its cost-cutting strategy. Meanwhile, in Nigeria, GTCO has announced a new strategy that immediately makes it a huge competitor with Risevest and Bamboo. GTCO said its investment portfolio will now be digital first.
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If this newsletter was forwarded to you, click here to subscribe now.
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Below are the tech stories and news you need to know to start your day, carefully curated by Technext.
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Summary of the news
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- GTCO said it will adopt a digital-first approach to its investment portfolios
- Smile Identity has acquired Inclusive Innovations
- Founders Forum Group has acquired Tech Nation
- Amazon has begun laying off some employees
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Ecosystem
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- Smile Identity, the ID verification company has acquired Inclusive Innovations, the parent company of Ghana-based Appruve. (Technext)
- The Kenya Copyright Board and Kenyan police arrested Kelvin Kiplangat Sing’oei, an engineer for sharing content illegally from streaming platforms. “Where producing African content for African audiences stops being profitable or worthwhile, production stops. So, the creative industries of Kenya and Africa will be the biggest losers,” said Mike Strano, the chair of the Partners Against Piracy Association of Kenya. (Techweez)
- Guarantee Trust Holding Company said in its financial statements for 2022 that it will adopt a digital-first approach to its investment portfolios including Investment One Funds Management Limited and Investment One Pension Managers Limited. (TechCabal)
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Upgrade your business to a global business. Accept international payments in USD and get settled in USD. Get a bouquet of payment solutions that meet your every need when accepting payments in and from Africa. The world is waiting for you.
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Policy
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- NIBSS says the number of PoS machines deployed by merchants and individuals across Nigeria rose to 1.8 million in March this year, a 75% increase from last year which say only 1.04 million. (Nairametrics)
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Social Tech
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- Tinder has started using AI for photo verification, in a bid to crack down on bot-controlled accounts and catfish. (Technext)
- MultiChoice has increased the subscription prices for DStv and GOtv. Premium, Compact and Compact Plus subscribers will see a 16% increase, while Confam subscribers will pay 17% more. Yanga and Padi subscribers will pay 18% and 16% more respectively. (Technext)
- Founders Forum Group has acquired Tech Nation, clearing the way for the continuation of the popular Tech Nation Global Talent Visa. (Techpoint Africa)
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Global News
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- A Japanese company lost contact with a small robotic spacecraft it was sending to the moon. Analysis of data from the vehicle suggests it ran out of propellant during its final approach and instead of landing softly crashed into the lunar surface. (New York Times)
- Amazon on Wednesday began laying off some employees in its cloud computing and human resources divisions. AWS CEO Adam Selipsky said “It is a tough day across our organization." (CNBC)
- British antitrust regulators blocked Microsoft’s plans to acquire the video game giant Activision Blizzard, the owners of the popular game WarCraft for $69 billion. (New York Times)
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Latest in funding
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Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly Apps with low transaction fees without ever sacrificing security.
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Other stories we are following
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