🇳🇬 Nigeria partners with Bloomberg for global image branding

Compliments of the season. Happy Holidays

Today’s Menu ☕️

🇳🇬 Nigeria Government partners with Bloomberg for global image branding
🛜 Proposed rules require Kenyan cybercafés to install CCTVs and collect customer IDs
📱Facebook set return to Uganda after a 4-year ban
💵 Moroccan fintech startup Talaty secures funding to expand domestically and internationally

If you haven't subscribed, join over 7,000 people curious about Innovation, New Products, New Technologies in Africa.

🇳🇬 BRANDING

Nigeria Government partners with Bloomberg for global image branding

The Nigerian government has partnered with Bloomberg to improve the country's global image. This two-year partnership aims to showcase Nigeria's economic potential, attract foreign investment, and change negative perceptions. Bloomberg will use its media platform to highlight Nigeria's achievements and opportunities, focusing on economic growth, infrastructure development, and investment.

The partnership is seen as a strategic move by the Nigerian government to improve the country’s image globally and attract foreign investments. Nigeria has been facing challenges in attracting foreign investments due to its negative image, which has been fueled by corruption, insecurity, and economic instability.

However, with the partnership with Bloomberg, the Nigerian government hopes to change the narrative and promote the country’s economic growth and investment opportunities. The partnership is also expected to help Nigeria to improve its ranking in the World Bank’s Ease of Doing Business Index, which has been a major challenge for the country….…continue reading

🛜 INTERNET

Proposed rules require Kenyan cybercafés to install CCTVs and collect customer IDs

Kenya’s Communication Authority (CA) has introduced a proposal for new licensing rules aimed at cybercafés. These proposed regulations require cybercafés to collect detailed user records, including identification documents, install CCTV systems on their premises, and implement login software on all devices. The proposed changes, outlined in a notice dated December 23, could potentially increase the operational burden on small businesses that already bear the costs of local and national government permits, as well as copyright licenses.

According to the CA, “Public Communication Access Centers (PCACs) that provide internet browsing services must be licensed under the category of internet cafes and adhere to conditions set by the authority, including provisions for record keeping, logging-in software, CCTV surveillance, and identification of persons accessing the service point.”..……continue reading

📱SOCIAL MEDIA

Facebook set return to Uganda after a 4-year ban

After a prolonged hiatus of four years, Facebook, now rebranded as Meta, is on the verge of making a significant return to Uganda. The Ugandan government is currently engaged in discussions to lift the ban that was imposed on the social media giant back in 2021.

The ban on Facebook was instituted by the Ugandan government amid accusations that the platform was meddling in the nation’s political affairs, particularly during the presidential elections. The situation escalated when Facebook took action to remove accounts linked to the government, labeling them as fake. In retaliation, the Ugandan authorities decided to block access to Facebook, resulting in a widespread digital blackout. This move not only stifled political discourse but also disrupted personal and business communications, causing considerable inconvenience and disruption in the daily lives of Ugandans.……..read more

💵 PAYMENTS

Moroccan fintech startup Talaty secures funding to expand domestically and internationally

Moroccan fintech startup Talaty, which is revolutionizing financing for small and medium-sized businesses (SMBs) with its innovative AI-driven solutions, has successfully secured an undisclosed amount of funding to support its expansion both within Morocco and into international markets.

Founded in 2022 by Soulaimane Lahrech, Simo Bernoussi, Ilyas Oudghiri, and Zakaria E., Talaty offers a state-of-the-art platform that provides instant lending solutions to financial institutions. The platform leverages advanced artificial intelligence technologies combined with behavioral finance insights to streamline credit assessments. This approach significantly reduces operational costs and default rates by up to 90 percent, making it a game-changer in the financial sector.

The recent funding round saw investments from Witamax and Renew Capital. Talaty plans to utilize these funds to strengthen its presence in Morocco while also exploring opportunities to expand into neighboring markets......……continue reading

OTHER STORIES

•  Stanford Seed, in collaboration with the African Management Institute, is set to offer a comprehensive six-month business growth programme designed for entrepreneurs and their senior leaders across Africa….read more

• The Japan Fair Trade Commission (JFTC) is reportedly set to announce that Google has violated the country’s antitrust laws concerning its search engine and Chrome browser…....read more

Do you know you can join and follow us on our WhatsApp Channel?