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Supported By
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Good morning!
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It's official. Nigeria is for those who can handle strikes. After President Tinubu announced the removal of subsidy on petrol, a fleet of strikes from ride-hailing drivers to the National Union of Electricity Employees protesting the rising cost of petrol has engulfed the country.
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Tinubu's first act as president will be to undo his mistake and curtail the strike.
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Meanwhile, new layoffs have hit Spotify and ChipperCash.
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Then, a new investigative report from my colleague Temitope Akintade takes us behind the scenes at the rising crypto startup, Mara, revealing mismanagement of funds, erratic employment and termination of staff. Read it here.
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Finally, I'm calling it. I have seen the best thing since sliced bread. It's the Apple Vission Pro, the tech gaints first move into the world of augumented reality. Its an augmented reality headset that functions as a computer of some sort.
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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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It also helps you generate extra revenue while providing your customers with comprehensive insurance coverage and protection.
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Summary of the news
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- Helium Health has raised $30 million in Series B funding
- Bolt riders in Ibadan are on strike, protesting increased fare rates
- ChipperCash has laid off more staff members
- Nigeria's National Union of Electricity Employees (NUEE) said it will go on strike on June 7th
- A new report details fund mismanagement inside the crypto startup Mara
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Ecosystem
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- The association of Ibadan e-hailing drivers have announced that they are embarking on a 5-day strike to protest the unmatchable increase in fares by Bolt which they claim does not match the current realities of the nation. (Technext)
- Helium Health has raised $30 million in Series B funding to “expand its reach and increase its lending portfolio to 1,000 healthcare facilities by 2024 in partnership with the U.S. International Development Finance Corporation (DFC).” (TechCrunch)
- Chipper Cash has laid off at least ten staff members in the company’s third round of layoffs in under one year, including Hasan Luongo, vice president of marketing, Alicia Levin, the global chief operating officer, and Leon Kiptum, the country director for Kenya and several product managers. (TechCabal)
- A new report details fund mismanagement inside the crypto startup Mara. Sources told Technext that at one point the company laid off around 85% of its employees and cut the salaries of existing workers. Sources said Mara sponsored celebrities and influencers to wear the Mara jerseys at the 2022 FIFA World Cup at $10,000 – $15,000 per influencer. (Technext)
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Enjoy the best rates and instant withdrawals to your local bank in easy steps. Click the link now to download the Yellow Card app and sign up.
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Policy
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- Nigeria's National Union of Electricity Employees (NUEE) said it will go on strike on June 7th. The association issued a directive to all its members, asking them to fully comply with the planned strike action against the increase in fuel pump prices. (Technext)
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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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Social Tech
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- Apple has unveiled its iOS 17, which includes a bunch of changes coming to the iPhone. In the update, personalized contact posters, either using photos or Memoji, will allow users to choose their contact card for other users. Live transcription, in real-time, will also be coming for phone voicemails. It also announced Journal, a digital diary for iPhone users. (CNBC)
- Apple also rolled out its first AR headset starting at $3,499. (TheVerge)
s Apple’s new $3,499 AR headset
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Global News
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- Spotify announced Monday it’s laying off roughly 200 employees, or about 2% of its-person workforce, as part of an effort to change how the streaming company handles its partnership with “leading podcasters from across the globe.” (CNBC)
- The Securities and Exchange Commission on Monday filed 13 charges suit against Binance accusing the crypto giant of mishandling customer funds and lying to American regulators and investors about its operations. (New York Times)
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Latest in funding
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Other stories we are following
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