Weekly Tech Roundup from Mucrunch

British Commercial EV Startup, Arrival Goes Bankrupt Before Making Sales

We understand everyone wants to key into the bubble of electronic vehicles, however, maybe some people are just unlucky. Look at Arrival, the electronic vehicle that had big investors like Hyundai backing it up, preordered vehicle purchases and even valued at over $13 billion failing to arrive as it went bankrupt before sales. Oops.

MTN Bows Out, Exits 2 African Countries.

Check if MTN is still in your country here, because out of the 3 countries they planned on exiting last year in December, they have been able to successfully exit from 2 after huge losses. No profit, no staying. Bye

No Shame in Giving Up, GTBank, Others Downgrades from Tier1 Commercial Bank to Tier II Credit Union in Uganda

Guaranty Trust Bank (GTBank), Kenya's ABC Capital Bank, and Opportunity Bank have voluntarily downgraded from Tier I commercial banks to Tier II credit institutions following their inability to fulfill the country's new capital buffer requirements.

Hydrogen, Fintech Arm of Access Corporation, Posts First Profit in 2023

Access Holdings and doings, 5 and 6. Hydrogen, a part of Access Holdings made a profit of ₦161 million at year-end 2023. Doingsssss

Female Entrepreneurs in Green Economy to Win $200,000 in Project SheSustain Accelerator

The SheSustains Accelerator program by Clean Tech Hub is providing equity-free funding to women building green companies in Nigeria. So, if you are a woman or you have women in your life building startups revolving around agritech, cleantech, eco-friendly products, sustainable products, and anything that betters the climate, plug them into this program here

Bolt Program; Ksh. 2.9 Million for Kenyan Driver-Led Green Businesses

Are you a transportation startup that has infused sustainability into your business in Kenya? Bolt has money for you. Check how you can win fundz here.

Nigerian Creators About to Ball as Meta allow Nigerians to Monetize on their platform

Meta held a small event in their Lagos office this week and invited big content creators on Instagram after the company’s President of Global Affairs Nick Clegg mentioned Nigerian creators will start earning big with their in-ad content, if you are not building on Meta, you might be missing this overflow.

Access Bank to Raise $1.5 billion in Capital

Access Holdings, the parent company of Nigeria's largest bank by asset base, Access Bank, is embarking on a significant capital raise of $1.5 billion (₦2.09 trillion). This move aims to fuel their ambitious growth plans across Africa and comply with a new capital requirement set by the Central Bank of Nigeria (CBN). Access and doingssss

Borderless Capital Acquires CTF Capital

Web3 doingssss!! Borderless is truly borderless as it finds its way to Asia, acquiring CTF AI company to further help its operations. When cryptocurrency meets AI, we should expect madnesssss

The Bank of Tanzania to start selling dollars to commercial banks

Should we be scared The Bank of Tanzania wants to start selling dollars? Please if you have a Tanzania friend, tell them to subscribe to our newsletter, we might have good news for them soon, winks.

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