Twitter agrees to renegotiate severance pay for former staff in its Ghana workplace


Selo Moloko has stepped down as an unbiased non-executive director and chairman of the Telkom board of administrators in South Africa on account of “workload causes”.

In 2021, Moloko was named Chairman of the Absa Board of Administrators. He’s additionally chairman of the funding committee of the Nelson Mandela Basis and co-founder and govt chairman of the Thistle Group, an funding holding firm.

The Telkom board has begun looking for an appropriate alternative. Subsequently, to make sure a easy transition, Moloko won’t depart Telkom’s board till March 31, 2023.

At this time I’ve for you:

  • How Brian Odhiambo’s entrepreneurial expertise helps him when working with founders
  • Ghana’s telecom firms start blocking SIM playing cards
  • Twitter agrees to renegotiate severance pay in Ghana
  • Lonestar Cell to sue MTN Celcom
  • Ramani’s $32 million Sequence A

How Brian Odhiambo’s Entrepreneurial Expertise Helps Him Work With Founders

Brian Odhiambo, Accomplice, NovaStar Ventures. Supply: equipped.

within the newest model of fairness dealerChimgozirim interviews Brian Odhiambo, Accomplice at NovaStar Ventures, an early-stage VC agency.

However earlier than becoming a member of Novastar, Odhiambo was an early worker on the firm that later grew to become Jumia and went on to discovered two startups – Afrisolar and Livelihoods.

After gaining substantial expertise in these roles, he was weighing his choices when a pal talked about that NovaStar Ventures was hiring.

So, he utilized and began at NovaStar Ventures in 2015 as an Funding Affiliate. Seven years later, in October 2022, he grew to become a companion within the agency.

Just a few weeks after his promotion, Chimgozirim chatted with him, they usually mentioned how the enterprise capital panorama has modified since his begin.

Brian additionally shared how his entrepreneurial expertise helps when working with the founders right here: “We wish to enhance individuals’s lives by means of our investments.” Brian Odhiambo, companion, Novastar Ventures

Ghana’s telecom firms start blocking SIM playing cards

Cellular community operators (MNOs) in Ghana have began blocking partially registered SIM playing cards from accessing information companies, based on the nation’s Nationwide Communications Authority (NCA).

The motion was taken in response to a directive issued by the Ministry of Communications and Digitization to all MNOs to cease SIM playing cards that weren’t totally registered by November 20, from accessing information companies .

in an interview with Ghana OccasionsNCA Deputy Director, Client and Company Affairs Division, Kwame Gyan stated that MNOs have been doing the train in batches.

Whereas he couldn’t affirm the variety of SIMs blocked to date, Gyan stated the ministry anticipated MNOs to “block partially registered SIM playing cards from accessing information companies as directed.”

In an announcement earlier this month, Ghana’s Minister of Communications and Digitization, Mrs. Ursula Owusu-Ekuful, defined that SIM registration is a part of measures being taken to make sure a secure and safe digital ecosystem to guard customers and companies was.

Twitter agrees to renegotiate severance pay

twitter has Agreed To renegotiate severance pay and separation phrases for workers of their Ghana workplace.

Earlier this month, Elon Musk laid off half of Twitter’s employees, together with staff in america and Africa, affecting almost all staff within the Ghana workplace.

A day after the layoff, Musk Tweeted that “all those that give up have been supplied 3 months severance, which is 50% greater than is legally required.”

Twitter had knowledgeable the Ghana-based staff that it will pay them until their final day of labor on December 4. In the course of the 30-day discover interval, he’ll proceed to obtain full pay and advantages.

Nevertheless, based on a CNN Within the report, the staff claimed that the corporate failed to supply them severance pay primarily based on Ghanaian labor legal guidelines and their employment contracts.

He additionally stated that, in contrast to staff in america and Europe, Twitter didn’t inform him about subsequent steps.

The workers accused Twitter of “intentionally and recklessly flouting Ghanaian legal guidelines” and making an attempt to “silence and intimidate” them.

He additionally stated that Twitter was indolent and handled staff in a different way from these positioned in different jurisdictions.

After hiring a lawyer, he despatched a letter to the corporate demanding that it adjust to West African labor legal guidelines.

Their calls for have been:

  1. Three months’ gross wage as severance pay,
  2. Repatriation bills for non-Ghanaian staff,
  3. the vesting of inventory choices granted of their contracts, and
  4. Different advantages similar to persevering with healthcare supplied to staff around the globe.

They petitioned the Ghanaian authorities to compel Twitter to “adjust to Ghanaian legal guidelines on redundancy and to supply staff truthful and simply negotiation and redundancy pay.”

Lonestar Cell to sue MTN Celcom

Celcom and Orange Liberia Inc. in reference to a 2016 cyberattack on the corporate, telco Lonestar Cell MTN, in Liberia. Contemplating taking authorized motion in opposition to

It comes because the US Justice Division charged the hacker, Daniel Kaye, with alleged connections to The Actual Deal, a darkish internet market that offered hacking instruments and stole login credentials for US authorities computer systems.

Sidebar: Cellcom and Lonestar Cell MTN have been the 2 telcos working in Liberia till Orange Liberia Inc acquired the previous in 2016.

Kaye admitted to having been employed by a Celcom worker to launch the cyberattack on Lonestar in 2016.

Whereas there is no such thing as a proof that Celcom knew what was happening, the worker paid Kaye as much as $10,000 (£7,800) a month.

In November 2016, prosecutor Robin Sellers stated that Kaye had created a botnet, a strong cyber-attack designed to overwhelm a goal’s techniques.

That is Distributed Denial of Service (DDOS), as distinct from ransom calls for, which lock down techniques just like the “WannaCry” assault.

Lonestar stated the cyberattack was a focused and sustained act of commercial sabotage designed to disrupt its enterprise and its prospects to the benefit of its opponents.

Babatunde Osho, former CEO of Lonestar, stated that whereas Kaye’s crime was devastating, “the DDoS perpetrated by Daniel Kaye significantly compromised Lonestar’s potential to supply its buyer with a dependable Web connection.”

Osho additionally stated that lots of the firm’s prospects went to opponents.

Whereas Lonestar’s annual income exceeded $80 million (£62.4 million) within the years previous to the DDoS assaults, it has decreased by tons of of tens of millions for the reason that assault. On the identical time, the present liabilities have elevated by crores.

Ramani’s $32 million Sequence A

Tanzanian startup Ramani introduced its $32 million Sequence A debt-equity funding yesterday.

FlexCap Ventures and serial entrepreneur Jared Schreiber led the fairness spherical, whereas undisclosed buyers participated in debt financing.

Ian Usiri (CEO), Calvin Usiri (CTO) and Martin Kibet (COO) based the corporate in 2019.

Ramani says it gives its community of micro-distribution facilities (MDCs) with a list administration system, procurement and level of sale software program, serving to them enhance stock and operations administration.

In keeping with the startup, MDCs are essential to convey shopper items to market. However most “proceed to depend on unreliable handbook processes which are tedious, vulnerable to errors, and fail to ship provide chain visibility.”

Therefore, the corporate claims that leveraging Ramani’s expertise will assist MDCs to simply observe their operations digitally and obtain financing primarily based on the efficiency of their companies.

It plans to make use of the funds to launch new monetary companies because it expands its operations in East Africa.

Ramani additionally intends to extend the variety of companion manufacturers to broaden its distributor community.

Sidebar: The Financial institution of Tanzania lately granted a license to lend to startups, and it has already launched a 30-day stock financing product out there.

In consequence, Ramani says that merchandise, which embody a 14-day revolving line of credit score that enables distributors of their community to borrow as much as $500 interest-free, are within the works.

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Have an exquisite Thursday.

Victoria Faccia For Techpoint Africa.

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