TechNigeria: A weekly digest of what went down in Nigeria’s tech space – Ripples Nigeria

World’s longest-serving President, Teodoro Obiang, takes oath of office, for sixth term
South Africa bans preaching, gambling, inside new trains
18-yr-old black college student elected mayor of Arkansas city
Iran executes protester, accuses him of injuring security operative
Another earthquake hits Indonesia’s West Java, second in two weeks
PDP chieftain, Gwamna, joins APC in Gombe
10 governorship candidates sign peace accord in Adamawa
Moghalu decries brazen corruption in Nigeria, highlights urgent measures to curb menace
Buhari will leave behind safer, more diversified economy in 2023 —Gambari
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Nigeria’s debt rises further, hits N44.06trn
Ecobank fined N3.2bn for breaching NGX listing rules
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Banks receive redesigned notes ahead of December 15
House of Reps calls for arrest of chief accountants in CBN, NNPC, others
Students suffer as contractors abandon Kano school projects after receiving over N70m
SPECIAL REPORT: World Bank road projects go bad in Enugu, as state govt fails to fulfill promise
INVESTIGATION: How N70m road construction created more hardship for Sokoto residents
INVESTIGATION: Inside Kwara school where students are used as labour on teachers’ private farms
INVESTIGATION: How Kano SUBEB awarded contracts to inactive contractors, non-existent schools
FACT CHECK: Was APC National Chairman, Adamu stripped in public as claimed in viral video?
FACT CHECK: Has Omokri dumped Atiku for Tinubu as claimed by Twitter user?
FACT CHECK: How true are claims by Dino Melaye on Tinubu’s mother, Atiku’s plans?
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‘Whole of Africa, Arabia behind us’ – Morocco coach Regragui confident ahead Portugal clash
Super Falcons end year as 45th best team in world
Jumia closes 60-man Dubai office to cut cost
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
ADF secures $8.9bn to record highest in 50-year history. 2 other stories and a trivia
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Re-imagining Sustainability of Electricity: Schneider Electric calls for renewables adoption and digitalization.
Naira falls for 3rd straight day after CBN withdrawal policy
Naira falls again to US dollar, now 15th worst-performing currency
Naira crashes as CBN introduces new withdrawal limits
Naira recovers big at black market, sells at N721 per dollar
Naira falls across FX markets as dollar supply drops
Astron Energy, Synatic, Twitter, Moove, Customcell, BuzzFeed, Seedstars, Uber Eats, Onomotion, Kapu, OneOrder, SideUp, DeHaat were some of the names that made the headlines in the tech ecosystem this week.
A Social commerce startup, Kapu, founded by former Jumia Group executive Vice President, closed a $8M funding to come out of stealth.
Also, Orda, an Nigerian and Kenyan-based restaurant cloud operating system provider, during the week, secured a $3.4 million seed round.
Let’s get into details.
Our first story this weekend is on the African Development Fund where it announced $8.9 billion to support low-income African countries.
President of the African Development Bank Group, Akinwumi Adesina, disclosed this on his Twitter handle as seen by Ripples Nigeria on Friday.
What you should know: The development partners of the African Development Fund (ADF) agreed to commit a total of $8.9 billion to the 2023 to 2025 financing cycle.
Up next, South African fuel giant Astron Energy, during the week, allocated a R220 million (approximately $13 million) development fund to empower small businesses in the fuel giant’s value chain.
The company’s Chief executive, Thabiet Booley, confirmed the development in a statement on Friday.
What you should know: The company operates the second-largest petroleum retail network in South Africa, with over 800 Caltex retail service stations.
In South Africa, local data automation and integration startup, Synatic, secured $2.5 million seed extension funding to expand its market reach in the United States.
Brendon Jones, Chief Executive Officer of Adansonia Fund Manager Private Limited and Director of APEO, confirmed in a release on Friday.
READ ALSO:TechNigeria: A weekly digest of what went down in Nigeria’s tech space
What you should know: Adansonia PE Opportunities VCC (APEO) is an African opportunities permanent capital structure based in Singapore.
On the latest with Twitter, CEO, Elon Musk, during the week, announced plans to charge $11 per month for subscriber on iOS.
Recall that Twitter Blue plan is already on halt but going with the latest trend will have iPhone and iPad users paying more when it resumes.
What you should know: Earlier, Twitter made the increment to offset Apple’s App Store 30% fees to the developers for the first year of subscription, which later dropped to 15% from the second year.
Also, on the fund raiser table,Moove, a global mobility FinTech startup, has secured $30 million from debut sukuk.
Ladi Delano, co-founder and co-CEO of Moove confirmed the funding in a media release on Thursday.
What you should know: This is coming after the Nigerian mobility fintech startup announced its expansion out of Africa to secure footprint in India.
In Germany, battery company, Customcells, says it has secured about $63 million (€60 million) in Series A funding from Porsche and other climate-tech investors.
The company in a statement on Thursday said that it plans to expand outside of Germany and into the U.S. and Asia.
What you should know: Launched in 2013 by Leopold König, and Torge Thönnessen, the company claims it develops and recycles high-performance lithium-ion batteries that power products like cars, medical equipment and fossil fuel development (despite its stated decarbonization goals).
On staff layoff, an American Internet media, news and entertainment company, BuzzFeed, has said it would lay off approximately 12% of its staff.
The development will see the digital news and entertainment conglomerate become the latest media company to consider laying off a part of its workforce over deteriorating economic situation.
Jonah Peretti, the company’s founder and chief executive, in a note to affected workers, confirmed the development, citing “a combination of worsening macroeconomic conditions” and changes in how people consume media.
Finally, a Social commerce startup, Kapu, founded by former Jumia Group executive Vice President, has secured a $8M funding to come out of stealth.
Kapu founder, Sam Chappatte, confirmed the raiser in a statement on Monday.
What you should know: The B2C e-commerce service said that it was hoping to help lessen the burden of buying food for Kenyan consumers.
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