The Daily Brief: PayPal has invested into Tala, and more.

PayPal has invested an undisclosed amount into Tala, a lender with operations in Kenya and Tanzania. While Victor Asemota joined Alta Global Ventures, a VC firm with operations across 5 continents, as the partner for Africa. That and more in today's brief.

Victor Asemota to lead VC firm Alta Global Ventures’s business in Africa

Alta Global Ventures is the latest global VC firm to make an entry into the African continent. But, they are doing this through a well-known and established partner – Victor Asemota. Alta Global Ventures supports passionate entrepreneurs from the top ecosystems around the world. Full details on Digest Africa.

Silicon Valley: Invest in Africa But Do It Differently

I was raised in an American farm town. My perceptions of Africa were a mix between the gruesomeness of Hotel Rwanda and the fantastical backdrop of Disney’s Lion King. To me, it was a wildland without structure and organization, and it scared me enough to want to stay far away. Then one day a funny thing happened: I moved there. Full details on Digest Africa.

Malawi wants to make accepting digital payments a must for businesses

The country’s monetary authorities are working on a regulation which would make it mandatory for businesses to accept digital payments. The regulation would require businesses in Malawi to have at least one digital payment channel. Full details on Digest Africa.

PayPal has apparently invested in Tala, a lender in Kenya, Tanzania

PayPal has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets. The companies declined to disclose the amount of the investment. But Tala said it will use the funding to further develop its product and broaden its reach. Full details on Digest Africa.

Egypt's ridiculous licensing law for online media is now being implemented

Egypt is finally implementing their law for the regulation of online media publications as well as social media. The country's Supreme Media Regulation Council is reporting that, as of 21 October 2018, it has started receiving license applications from various Internet news websites. Full details on iAfrikan.

MasterCard Boss is in Zimbabwe. They Are Planning To Open An Office there Soon

Mastercard President and CEO, Ajay Banga, has visited Zimbabwe to show their "support for the country’s drive to create a new wave of digital payments and inclusive growth." He outlined how Mastercard will collaborate with local, private and public sector partners to drive greater financial inclusion". Full details on TechZim.

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