Spotlight on Tech news with Lois
August 1st:
Fec Considers New NITDA Bill
A bill to increase tax on tech companies in Nigeria
Aiming to get 1% profit before tax levies
And any tech without licenses will be issued 2 years prison sentence
August 2nd:
Africa Focused OUI CAPITAL launches $30 Million Fund
Oui capital intends to deepen its investment portfolio by supporting seed stage companies, it will be able to write cheques of up to $750,000 and expand its investment to more startups in North and Francophone Africa
August 3rd:
Crypto bridge Nomad was hacked $200 million
August 4th
WHATSAPP REFUSES TO BREACH USERS’ PRIVACY
The newly proposed UK and EU laws are asking social media platforms to read people’s messages and WhatsApp is refusing as it’s a violation of users’ privacy.
Why is WhatsApp being asked to do that?
Governments are in hot pursuit of child abusers and want to fish them out through social media platforms.
August 5th:
The leading Tech moves from July
1: African Startups raised the lowest amount in the month of July
2: A lot of Tech companies were accused of money laundry in Africa and Abroad
3: Fintechs paused virtual USD cards in Africa because of a rise of charge back fraud from one of their top provider Union 54 and couldn't meet up the ultimatum from MasterCard.
4: Nigeria parliament approves startup bill
5: Meta prepares for Kenya's general elections by laying out its plans to curb disinformation in July, which will help to limit or remove fake news Across Facebook, Instagram and WhatsApp
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