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Africa is seen as the next trade frontier, following the coming into force of The African Continental Free Trade Area (AfCFTA), which created the single largest unrestricted trade region in the world. However, while trade liberalization is meant to spur intra-regional commerce, its take-off is dependent on key infrastructure investments to ensure supply chain efficiency. […]

Xetova exploring market data gaps in Africa to boost trade insight access by Annie Njanja originally published on TechCrunch

Crypto investors are trying to put 2022’s chaotic market behind them and look forward to the future, even as market sentiment remains sour.

Crypto in for a ‘choppy year’ of slow capital deployment, investors say by Jacquelyn Melinek originally published on TechCrunch

The operating environment for startups in Africa is expected to worsen this year, continuing the trend that picked up in the last half of 2022.

Africa predicted to experience sustained funding slowdown in 2023 by Annie Njanja originally published on TechCrunch

Crypto exchange Crypto.com is cutting its global workforce by 20%, it said on Friday, as it navigates ongoing economic headwinds and “unforeseeable” industry events. This is the second major layoff at the firm, which cut hundreds of jobs in mid-last year. “We grew ambitiously at the start of 2022, building on our incredible momentum and […]

Crypto.com cuts 20% jobs amid ‘unforeseeable’ industry events by Manish Singh originally published on TechCrunch

President Biden published an op-ed yesterday in the Wall Street Journal putting Big Tech on notice that his administration was working — in fact, has been working — to rein in its worst abuses. But these “broad principles for reform” sound pretty familiar. The op-ed begins by thanking the tech sector for its hard work […]

Biden’s call to ‘unite against big tech abuses’ sure sounds familiar by Devin Coldewey originally published on TechCrunch

It’s a new year, but the industry’s struggles are showing no signs of abating. Big firms are as susceptible — if not more so. This week, Alphabet joined the growing list of tech giants making staff cuts amid ongoing economic struggles. Following a wave of layoffs from the likes of Amazon, Meta and Salesforce, Alphabet […]

Alphabet robotics division Intrinsic hit with layoffs by Brian Heater originally published on TechCrunch

Greenlight, a fintech startup offering debit cards to kids, has laid off 104 employees — or over 21% of its total headcount of 485 employees — to “better align with ongoing operating expenses” amid the economic slowdown. TechCrunch learned about the layoff that was announced to its employees earlier this week. The startup later confirmed […]

Greenlight, kids-focused fintech startup, lays off 104 employees to optimize expenses by Jagmeet Singh originally published on TechCrunch