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    Governance, Policy & Regulations Forum

    Governance, Policy & Regulations Forum

    WhatsApp Faces Nigeria Exit Over $220 Million Fine, Amidst Low African Revenue

    Globally, Meta generated $75.5 million in revenue during the same period, with the remaining $8.4 million coming from regions outside of North America and Europe, including Africa, Latin America, and the Middle East.
    Read more
    Governance, Policy & Regulations Forum

    Catalyst Partners Seeks Approval for Egypt’s First SPAC

    SPACs, relatively new to the Egyptian market, are shell companies that raise funds through an initial public offering (IPO) to acquire an existing company within a specific timeframe.
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    Governance, Policy & Regulations Forum

    Inside Revamped SPAC Rules in Egypt: What Pre-IPO Startups Need to Know

    Founders must retain 100% of their shares until the profitability condition is met and maintained for two fiscal years.
    Read more
    WESTERN AFRICA

    Meta, WhatsApp Hit with Record $220M Fine in Nigeria, Vow to Fight Back

    The FCCPC’s investigation, conducted jointly with the Nigeria Data Protection Commission (NDPC), found that Meta and WhatsApp engaged in abusive and invasive practices against Nigerian consumers and data subjects
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    While Nigeria saw the second-highest number of applicants to its Renew Venture Lab (350), it has no portfolio company there yet.

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    DigsConnect Founder Alexandria Procter Launches $1.4M Vehicle to Back African Startups

    Procter founded DigsConnect four years ago while she was an undergraduate student at the University of Cape Town..
    Analysis & Opinions

    A 230-Angel Network, Beyond the ‘Big Four’: Inside Renew Capital’s Quiet Conquest of African VC

    While Nigeria saw the second-highest number of applicants to its Renew Venture Lab (350), it has no portfolio company there yet.
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    Africa’s Payment Maze: Are New State-Backed Rails a Map or a Trap for Fintechs?

    In the last month alone, major economic blocs in East, Southern, and West Africa have launched ambitious interoperable platforms.
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    How a Paper Fortune of $2.68m Vanished for a South African VC-Backed Fintech Founder

    Last year, TLcom Capital, together with Flourish Ventures, backed South African fintech LittleFish. However, that investment ended up in court, with one of LittleFish's founders fighting for his 'life' in the company post-deal.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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