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Tuesday, 06 June 2023

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Good morning!

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.

Tinubu's first act as president will be to undo his mistake and curtail the strike.

Meanwhile, new layoffs have hit Spotify and ChipperCash.

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.

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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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

  • 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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  • 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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  • 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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Social Tech

iOS 17
  • 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

Binance CEO
  • 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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Written by
Dennis Da-ala Mirilla
Edited by
Tomiwo Ojo

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