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Elon Musk takes over Twitter, sacks CEO, Parag Agrawa, others

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Tesla CEO, Elon Musk has finally completed the $44 billion Twitter acquisition deal with the announcement “The bird is freed.”

Musk, who also plans to assume the role of Twitter CEO said he was acquiring Twitter for humanity’s sake.

Meanwhile, the completion of the deal came with the swift sack of CEO Parag Agrawal, the company’s legal head and policy maker Vijaya Gadde, and CFO Nel Segal were the first executives to be terminated from the company.

The American billionaire is expected to remain CEO in the interim but may eventually cede the role in the longer term.

Musk had maintained that “the reason he acquired Twitter is that it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.

“There is currently great danger that social media will splinter into far right-wing and far left-wing echo chambers that generate more hate and divide our society.”

Musk’s acquisition of Twitter has stirred a debate in the United States around freedom of speech and the role of social media platforms in regulating the flow of information.

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Ghana’s agrotech startup, FLUID, launches platform to help small scale farmers access to credit

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Ghana’s agrotech startup, FLUID, has successfully launched a new platform that will help small scale farmers access to loans, according to founder and CEO, Moustapha Seck.

Founded in January, 2020, to give fillip to local farmers who had no access to loan and credit facilities, Seck said the company has already signed a 12-month contract with a local bank to provide financing to 25,000 farmers in Northern Ghana.

“We penetrated the Ghanaian financial industry through research first. In October 2020, we partnered with 29 financial institutions to study the challenges in the rural banking space,” Seck said while announcing the launch of the platform.

“Through this engagement, we developed FLUID SafeSusu, a mobile application to create bank accounts and track savings deposits in rural areas without connectivity,” Seck, who left his job at the Canadian investment fund, Clearco, to pursue his goal of helping the poorest Africans access financial services, said.

He added that the FLUID SafeSusu platform has piloted with four banks and connected 26,000 bank accounts to its platform, with an investment fund base of $200,000 in savings deposits.

“Our research led us to discover that half of Ghanaians work in agriculture, but only 4.6 per cent of loans go to farming. This disparity leaves close to 12.5 million smallholders farmers in Ghana financially excluded.”

“While banks use many different technology providers to be closer to the field, only FLUID and AgroCenta, to our knowledge, focus on the huge market of smallholder financing. FLUID stands alone in its focus on mitigating risks for the bank and the farmer,” he added.

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South African tech startup, Peachz, launches foremost online store for mobile accessories

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South Africa’s tech startup, Peachz, has launched an online mobile accessories market place, six months after its formation.

According to its founder and CEO, Tali Flax, the startup is aiming to become the country’s foremost online tech and mobile accessories retailer with its current stocks of sophisticated and a variety of phone mounts and holders for the desk, car or motorcycle, including Aux cables, Type C and A cables, and Mifi-certified iPhone cables.

“Peachz aims to make shopping for well-priced, durable products online “peachy”, with that early uptake has been beyond expectation,” Flax said.

The Johannesburg-based startup, according to the CEO, is “committed to providing the best quality and prices within its sector”, with the understanding that customers should only have to purchase an accessory once.

“It’s frustrating replacing a charging cable every six months – regardless of whether it was expensive or not. We are so confident about the reliability and durability of our products that we offer a 12-month money-back guarantee,” said Flax.

Peachz is off to a promising start, which I believe indicates the strong demand for high-quality accessories that perform as well as the electronic devices for which they are designed. We will continue to listen and cater to market needs,” he added.

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