It's another hot week in Naija tech Twitter
The Twitter streets are buzzing and we've got all the hottest updates for you!
ICYMI, catch the previous edition here
1.. It Looks like this new hire was already dreaming of a promotion
2.. Someone said, “GTB bank finally found a solution to their mess... by hiring the messiah himself, Lionel Messi."
Lmaooo what is this?
Naijas got no filters
3.. What is this Tori Olohun?
4.. Tech bros just dey chop dragging left and right
In another word, if e easy do am
This one enter o
Interesting
We should be calming down o
May God help us
5.. Starlink is now available in Africa's most populous nation 🇳🇬
Some of the reactions
A comparison between Fibre and Starlink internet speed
They said Ezra should stay out of the issue as per he controls almost the whole state's internet 🤣
6.. We are still on this cashless policy, Ized shared her POV then …
Olusegun is grateful for the advice
🤣🤣🤣
Then someone said this
Ized said she doesn’t like copy and paste
Hmmm
Reducing the reliance on physical cash is a good thing, but that can only be successful with a dependable online banking system in place.
7.. The page was like “warning! This site may contain traces of outstanding debts! Proceed with caution.” But abeg make una pay your web designer o
8.. They took the "fake it 'til you make it" too seriously.
lol
9.. Maybe he missed the $ sign
10.. What he said…
11.. He said “goodbye code, hello beats!”
Otilor o
12.. What is this 🤣🤣🤣
13.. Omo, I’m hoping things get better because person eye no suppose dey see this amount of shege
The movement was very fast o
14..Even though WEMA dey waka jeje, e still touch them o
15..The public market doesn't seem to agree as Stripe, Block, Affirm, and PayPal all suffer big losses, but do our African unicorns still have a chance?
Hmmm
From pixels to politics: Looks like it's time for a tech takeover in politics! Who needs experience when you've got design skills?
Resources
React Fiber Reconciliation: How it works - https://youtu.be/rKk4XJYzSQA
#OSCAFEST23 is happening this June in Lagos, Nigeria, see last year’s recap here
Build your next PHP app in seconds - Click here
Official News
MNT-Halan, an Egyptian fintech firm, has raised $400 million in funding and reached a valuation of $1 billion, becoming Africa's 9th unicorn. The company received both equity and debt financing from local and global investors, including over $200 million in equity from Abu Dhabi's Chimera investment company (for a 20% stake). MNT-Halan is also in advanced talks with major international investors to raise an additional $60 million, pushing its valuation above $1 billion and making it Egypt's newest unicorn after Fawry.
Tech Nation, a government-supported organization serving the UK's tech industry for a decade, will be closing on March 31, 2023, after the termination of its core government grant funding. The funding was awarded to Barclays Bank, making Tech Nation's remaining activities unsustainable. In response, the organization will be winding down its operations, beginning a redundancy consultation process, and seeking interested parties to acquire its assets
Gokada has laid off at least 54 employees this week, following silent layoffs in November, according to TechCabal. The employees were informed of the layoffs in an email sent on Tuesday night, which stated that they were being let go as a result of a reduction in the company's team. The email also asked the affected staff to resign via PeopleHum to preserve the company's image.
Kenya has dropped its charges of financial impropriety against Flutterwave, a fintech company, in a public victory for the company after becoming embroiled in scandals in 2022. The charges, which included card fraud and money laundering, were filed in July 2022 and resulted in the freezing of 6.2 billion Shillings held by Flutterwave in Kenyan banks. However, Flutterwave denied any wrongdoing and claimed all transactions in question were verifiable. The charges were dropped by a Kenyan high court, two months after similar charges against another Nigerian fintech startup, Korapay were dropped.
Twelve African startups have been chosen to participate in the first ARM Labs Lagos Techstars accelerator program, which offers equity funding of up to $120,000 and other types of support. The accelerator is run by Techstars, a global investment firm that provides capital, mentorship, and customized programs for early-stage entrepreneurs, in collaboration with ARM Labs, a Lagos-based innovation program that focuses on supporting fintech startups.
Each chosen startup will receive up to $120,000 in equity funding, along with access to training and a large network of investors. The program concludes with a demo day on March 16th.