Gichuki Waigwa, Lucy Nzola, and Godfrey Okutoyi claim that Safaricom unlawfully utilizes funds from non-borrowing M-Pesa account holders to provide loans to Fuliza users, and therefore, the interest earned by Safaricom from Fuliza should be distributed among all M-Pesa accounts.
Safaricom Kenya has been sued for $2.4 billion. The plaintiffs allege that Safaricom is operating its M-Pesa arm and its overdraft service, Fuliza, in violation of the law.
OpenAI have released an API to ChatGPT and whispers platforms. Developers can now integrate ChatGPT and Whisper models into their apps and products through the API. #OpenAI#ChatGPT
COMESA, the regulatory body for regional trade in sub-Saharan Africa, has ruled that Jumia, an online marketplace, is now responsible for resolving any disputes arising from faulty products sold by third-party sellers on its platform.
Bolt Nigeria has laid off 24% of its mid level and junior staff. This comes after they announced a financial injection of $530 Million in their Africa operations.
On Sunday, Meta CEO Mark Zuckerberg announced that the company is rolling out new paid verification subscription services across Facebook and Instagram. Meta Verified will allow users get verified blue ticks upon submission and confirmation of their government IDs.
Bolt is set to invest $530 Million in Africa over the next two years. This investment, according to Bolt, will create earning opportunities for 300,000 drivers across the continent.
The Rwandan government is aiming to connect 3,000 schools to the internet by end-2024. Ecofin writes that China Exim Bank is providing USD30 million funding to connect at least 1,500 schools, while the remainder will be financed under a wider World Bank development project.
Netflix has lowered their monthly tariffs in Kenya. The company announced that its mobile plan would cost KSh200, down from KSh300, the basic plan would cost KSh300, from KSh700.
For the standard plan, price is Sh700, from Sh1,100, while for the premium plan they will pay Sh1,100
Youtube has suspended Kenyan media station NTV's channel that had over 2 million subscribers. They have claimed that the station has violated their terms of service.
Alphabet, the parent company of Google, faced a major setback when their newly launched AI chatbot, Bard, made an error in a promotional video. This caused investors to panic, leading to a decline in the company's stock value by over $100bn.
Google has launched an AI chatbot called Bard to rival wildly successful ChatGPT
Google's parent firm Alphabet Inc announced the release of the conversational AI service, which will be rolled out to a few users before its public release in the coming weeks.
Meta Platforms Inc and Meta Platforms Ireland Ltd, the parent companies of Facebook, will face a lawsuit in Kenya. The Employment and Labour Relations Court has ruled that the companies can be sued in the country.