Nigerian fintech startup, Cova, closes doors; two-year journey comes to an end.

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Nigerian fintech startup Cova is reportedly shutting down after two years of operation. The co-founders of the company, Oluyomi Ojo and Yomi Osamiluyi, have notified users via email that subscription refunds will be processed. Cova aimed to be a comprehensive platform for users to monitor and manage all their assets in one place, offering lending, investment, and savings solutions. The startup faced challenges including customer demand for deeper integration and building trust in a new idea. AltSchool Africa, a Nigerian edtech startup, has expanded into Kenya. The company offers courses designed to accelerate entry into global tech roles and has plans to explore additional launches in African countries with demonstrated traction. Starlink users in Zimbabwe may face arrest as the company has reportedly not yet secured a license to operate in the country. The telecom regulator, POTRAZ, has partnered with the police to apprehend those using Starlink services, citing the absence of licenses.

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