Zazuu, a marketplace for African remittance companies, last week shut down its services after failing to raise more funds. This year, at least eight African startups have shut down and half of them shut down due to a lack of funding.
In its Q1 2023 financials, Airtel Africa recorded a 5% profit decline. Per the telecom, devaluation of currencies and SIM card de-registration exercises across several countries are to blame.
The Nigerian House of Reps has launched an inquiry into the state of telecommunications service delivery in Nigeria. It wants to know why some parts of the country are still without coverage, or with poor coverage. More in #TCDaily.