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Uncovered Fund Launches $15m Africa Fund, Three North Koreans Charged in $1.3bn Theft, and Facebook Blocks News from Australia

AFRICA

US busts $50m Ghana-based cyber fraud scam

Investigators in the US have arrested six ringleaders of a Ghana-based cyber fraud scam cell. The group have reportedly stolen $50 million between 2013 and 2020.

Uncovered Fund launches $15m for African startups

VC firm Uncovered Fund has launched a $15 million fund for early-stage startups in Africa. Each successful startup could receive up to $500,000 in Series A funding.

Ghana to begin unified license regime in telecoms sector

Ghana’s Communications Minister-Designate, Ursula Ekuful, has announced government’s plans to roll out a unified license regime for telcos. This would allow firms to acquire one license for both data and voice operations.

EUROPE

UK to invest in high-risk tech research

The UK is launching a high-risk tech research agency to conduct research into ground-breaking discoveries. The Advanced Research and Invention Agency, Aria, will have a higher than normal failure tolerance rate.

UK MP calls Facebook’s Australia ban bullying

MP Julian Knight of the Commons Media committee has called Facebook’s decision to ban Australia news outlets from its platform bullying. He said Facebook’s decision was irresponsible during a pandemic and with fake news on the rise.

Drone crashes in controlled space near Gatwick

A drone crashed into controlled space near Gatwick after its kill switch failed to activate. The drone was being used for demonstration at Goodwood Aerodrome when its battery ran out.

THE AMERICAS

Chromebooks overtake Macs for the first time

Google’s Chromebooks have become more popular than Apple’s Macs for the first time. The cheaper Google product is second to Windows devices with a 10.8% market share, according to research.

Chips factories shutdown due to Texas freeze

Fierce winter storms have shutdown chips factories across the US state of Texas. NXP and Samsung have halted production as millions of Texans go without electricity.

US charges three North Koreans over billion dollar theft

The US has charged three North Koreans over the theft of $1.3 billion. The three were accused of stealing from businesses and banks around the world and for deploying malicious crypto programmes.

ASIA

Facebook blocks news-sharing in Australia

Facebook has blocked access to and sharing of news content on its platform in Australia. This comes as Australia plans to implement new rules that would make tech giants pay for news content.

Sugarbook dating app founder arrested for prostitution

Founder of Sugarbook dating app has been arrested for promoting prostitution under Malaysian laws. The app promises to match older men with younger women looking for financial assistance.

Huawei turns to pig farming as smartphone sales drop

Huawei is turning its technology to pig farming as smartphone sales drop by 42% in 2020 Q4 following a US blacklist. It hopes to use AI to improve the lot of pig farmers in the world’s largest pig industry, China.

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