DiDi, the China-based e-hailing company has announced it will halt its operation in the country one year after touching down in South Africa.
Globally, DiDi is the second-largest e-hailing company, second only to Uber.
South Africa marked the company’s 17th country of operations, and its entry into Africa.
DiDi faced fierce competition from already-existing platforms in South Africa from Uber and Bolt.
ITWeb also reports that riders and drivers who flocked to get DiDi’s incentives made a U-turn to favourites after the first few months.

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FTX is launching a new phase in its operation on the continent with a soon-to-be-released unique product in response to the rapid growth, development, and acceptance of cryptocurrencies all over Africa,
The global crypto exchange announced via its official FTX Africa Twitter handle that it will soon start offering deposits and payouts in African currencies on FTX.
FTX earlier announced that it partnered with AZA Finance, an African fintech company, to connect African markets to the Web3 economy and access to cryptocurrency.

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An Egyptian infrastructure management platform for water and electricity companies, Pylon, has raised $19 million in seed funding.
CEO Ahmed Ashour says the company creates solutions for water and electricity distribution companies in order to increase efficiency and stop the bleeding.
CTO, Omar Radi co-founder says some companies have a very high rate of uncollected bills and thus lose out on a lot of money.
He accused them of high electricity costs, water theft and network due to a lack of maintenance or law enforcement.

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Lagos- and Helsinki-based ZirooPay, has raised an $11.4 million Series A round led by Lagos-based VC fund Zrosk Investment Management.
The company says the new capital will be deployed toward expanding its payment infrastructure, accelerating growth and growing its team.
CEO Omoniyi Olawale says the delay occurred because his company, raised a further €2 million, while fine-tuning its technology and adding more capabilities.

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David Hundeyin, journalist and founder of West Africa Weekly, stated that he began working on a story about the Nigerian payment company, Flutterwave, six months ago.
Hundeyin accuses Flutterwave CEO, Olugbenga Agboola, of bullying and committing some crimes. These include insider trading, and inflating and deflating stock prices as desired.
He also said that Olugbenga ‘GB’ Agboola illegally exploited the assets, information, and contacts of Access Bank, where he worked.

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Did you catch the cryptocurrency ad that aired during the Oscars on Sunday night?
The ad was for cryptocurrency exchange, Crypto.com, and its fundraising drive for Ukraine.
The ad tells viewers that Crypto.com is matching donations to the Red Cross Red Crescent in order to alleviate the humanitarian crisis in Ukrain
Cryptocurrency however is completely unnecessary for these donations
Crypto.com website says the cryptocurrency donation will be converted to TUSD after each successful donation to avoid fluctuation risks in the value of the donated cryptocurrency, and then be converted from TUSD to EUR after the campaign period.

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Tiktok is reportedly testing a new Watch History feature, making it easier to find videos online.
According to a screenshot shared by Twitter user Hammond Oh, TikTok's Watch History should be accessible via the app's settings and privacy menu provided it's been rolled out to your phone.
Mashable was unable to access TikTok's Watch History feature in Australia, and it's unclear exactly which markets it's currently being tested in.

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The U.S. Federal Communications Commission has deemed all products and services from the Russia-based cybersecurity firm Kaspersky an unacceptable risk to national security.
The move comes in an effort to uphold 2019's Secure and Trusted Communications Networks Act, which requires the agency to publish a list that details any communications equipment or services which may present a risk to national security.
The company's inclusion on the list means it is banned from receiving support from the FCC's Universal Service Fund.
Reuters reports that the $8 billion funds is used to maintain communications services in rural areas and for low-income users and facilities.

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iPhone camera bump haters, we have some bad news: It sounds like the upcoming (but unannounced) iPhone 14 Pro might be getting an even thicker camera bump on its backside.
Back in September, after Apple leaker, John Prosser shared purported product images showing the startling lack of a rear-mounted camera protrusion.
Apple analyst Ming-Chi Kuo says the wide camera is getting a huge upgrade — from 12MP to 48MP — as well as an expansion of its contact image sensor and a slightly larger lens overall.
Tech and Apple experts discuss the new rumours and what they mean for future Apple redesigns.

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