নমস্কার,
Victoria from Techpoint right here,
Right here”s what I’ve obtained for you at the moment:
- Kenya to control crypto market
- Must you inform your boss you might have a aspect hustle?
- Thepeer buyers request an audit
- Ghana’s id regulator to hike service charges in Might
Kenya to control the crypto market
The Kenyan authorities is getting severe about regulating the crypto scene. It’s put collectively a bunch of huge photographs from totally different companies to type a crew to determine how one can maintain tabs on issues.
This transfer comes after the federal government floated the concept of slapping a 3% tax on crypto buying and selling final yr.
This new crew, together with the Central Financial institution of Kenya, has one activity: develop guidelines for coping with cryptocurrencies and the businesses that present associated providers.
The Treasury Cupboard Secretary, Njuguna Ndung’u, identified the rise of on-line scams and dodgy investments, warning people concerning the dangers of messing with unregulated monetary stuff.
Keep in mind in September 2023 when the Central Financial institution’s Monetary Reporting Centre did a deep dive into the dangers of digital property and repair suppliers? Yeah, they discovered some severe issues, like cash laundering and financing terrorism.
And simply so as to add extra drama, the Directorate of Prison Investigations not too long ago warned Kenyans about on-line crypto scams.
Be the neatest within the room
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Kenya’s no beginner to the crypto recreation. It is a massive deal in East Africa, with numerous buying and selling and curiosity.
And get this: The federal government’s been getting recommendation from all sides. It requested a community-based organisation to draft a bill to regulate the crypto market, and in February 2024, the Blockchain Affiliation of Kenya got here up with the primary draft.
Must you inform your boss you might have a aspect hustle?
In Nigeria and doubtless in different African nations too, it is fairly frequent for people to juggle a number of jobs. Bolaji Shote, the founding father of Ingenuity HR Options, is all for it. She reckons employers want to just accept that their workers might need aspect gigs, particularly in the event that they’re part-timers.
Shote is aware of what she’s speaking about as a result of she’s had not less than three workers who did not spill the beans about their additional hustles till she came upon on her personal. Indicators like skipping work, being distracted, or lacking deadlines may give away the sport.
Now, some people can deal with it like execs, balancing work like a boss. However others would possibly wrestle, and their efficiency may endure in consequence.
If it will get an excessive amount of and begins affecting their job, employers might need to chop ties. However there’s one other aspect to the story.
If somebody’s working part-time, it would not be honest to cease them from hustling on the aspect. And in the event that they’re doing an incredible job, employers would possibly have to be versatile and discover methods to help them.
Shote says the stigma round having a number of jobs has eased up through the years. These days, persons are extra open about it, which is cool. Take a look at Oluwanifemi’s story for an in depth and balanced view on this.
Thepeer buyers request an audit following shutdown
Keep in mind this? Thepeer shuts up shop nearly two years after a $2.1m seed
This is the newest scoop on Thepeer: Seems, simply two weeks after a shareholder called for an audit, the co-founders determined to tug the plug on the corporate’s operation.
This Nigerian startup was all about API know-how and had massive goals of creating wallets a prime fee alternative in Nigeria. It managed to snag $2.3 million from buyers.
However regardless of all that money, co-founders Michael Okoh and Chike Ononye introduced on April 1, 2024, that they have been calling it quits. They blamed it on struggles with getting customers on board and coping with pesky laws. And get this: They even promised to present a few of the a reimbursement to buyers.
Ononye spilled the beans, saying they simply could not crack the code on getting sufficient wallets on board to make their service engaging to retailers. Plus, coping with all of the totally different pockets techniques was an enormous ache within the neck.
And let’s not overlook the regulatory hurdles. They thought they might skate by utilizing a companion’s licence, however that plan hit a wall after they wanted so as to add new options.
However this is the place it will get juicy: Some buyers and shareholders aren’t too completely happy concerning the monetary state of affairs at Thepeer. They’re calling for an audit as a result of, apparently, the corporate’s burn price was sky excessive whereas their earnings was barely a trickle. Paperwork present they burned by means of about $17,000 a month however solely made about $650 between January and October.
So, regardless that they raised over $2 million, they claimed to have solely $450,000 left by November 2023. Sketchy, proper? Plus, they have not been too clear with their buyers, leaving some at midnight for months earlier than dropping the bombshell about shutting down.
Now, some buyers are demanding solutions and a transparent image of the place all that cash went.
Ghana’s id regulator to hike service charges in Might
Ghana’s Nationwide Identification Authority is bumping up fees for a few of its providers beginning Might 1, 2024. This transfer is in step with new laws handed by Parliament earlier in February.
Should you’re a Ghanaian getting your Ghana Card for the primary time, changing a misplaced one, or updating your data, you will have to price range for the brand new charges beginning in Might.
First-time registration on the NIA District Workplace stays free, and so does updating data with out getting a brand new card on the NIA Regional and District workplaces, plus for people within the ECOWAS sub-region and even exterior of Africa.
First-time registration at NIA Premium Centres goes as much as round 310 cedis (about $23), and should you want a alternative card at a Premium Centre, that’ll set you again round 420 cedis (round $31).
For Ghanaians exterior the nation however nonetheless within the ECOWAS space, first-time registration will probably be round $55, and updating data with a card alternative will probably be round $27.5.
Oh, and should you’re doing nationality updates, it is round 70 cedis at regional and district workplaces, however a bit pricier at Premium Centres, round 365 cedis.
And only a reminder: The Nationwide Communications Authority needs all Ghanaians to register their SIM playing cards and hyperlink them to their Ghana Card by the tip of Might 2023, or threat getting them deactivated.
Sidebar Alert: Uganda’s adding iris biometrics to their nationwide IDs for additional safety.
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Alternatives
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Have an exquisite Wednesday!
Victoria Fakiya for Techpoint Africa.
