Priya PatelTLDR:
– Nigerian fintech startup, Cova, is reportedly shutting down on February 10, 2024, due to “several factors.” The co-founders have notified users via email that subscription refunds will be processed by February 13, 2024.
– AltSchool Africa, a Nigerian edtech startup, has expanded into Kenya, its second East African market. The company offers courses designed to accelerate entry into global tech roles and plans to explore additional launches in African countries with demonstrated traction. This expansion aims to address the growing demand for tech skills in East Africa.
– Individuals and businesses using, distributing, or advertising Starlink or its kits may face arrest in Zimbabwe. The country’s telecom regulator has warned that Starlink has not yet officially secured a license to operate in Zimbabwe and is partnering with the police to conduct a nationwide raid to apprehend those using Starlink services.
Nigerian fintech startup, Cova, is reportedly shutting down after two years of operation. The reason for its closure is unknown, but the founders have informed users that subscription refunds will be processed by a certain date. Cova aimed to provide users with a comprehensive platform for monitoring and managing their assets, offering lending, investment, and savings solutions through digital financial services. However, the startup faced challenges related to customer demand for deeper integration and the need to build trust in a relatively new idea. The closure of Cova has left customers and staff uncertain about their future.
On a positive note, AltSchool Africa, a Nigerian edtech startup, has expanded into Kenya, its second East African market. The company offers courses designed to accelerate entry into global tech roles, such as software engineering, data science, business, product management, and the creative economy. AltSchool Africa’s expansion into Kenya is driven by the growing demand for tech skills in East Africa, as projected by Statista. The company plans to explore additional launches in African countries with demonstrated traction.
Meanwhile, in Zimbabwe, individuals and businesses using, distributing, or advertising Starlink or its kits may face arrest. The country’s telecom regulator, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), has warned that Starlink has not yet secured a license to operate in the country. POTRAZ has partnered with the police to conduct a nationwide raid to apprehend those using Starlink services. This move is based on the absence of licenses for Starlink services to operate in Zimbabwe. Already, arrests have been made, and the cases are currently in court. The regulator had previously issued a warning to the public not to use Starlink’s equipment or services in Ghana as well.
