Schools are being shut down in Malawi over safety concerns after Cyclone Freddy wreaked havoc in Mozambique. Heavy rains in southern Malawi have washed away roads and disrupted power in the country. More here: CycloneFreddy
BBC Focus on Africa radio
The bank, which specialised in lending to technology companies, was shut down by regulators who seized its assets on Friday. The bank was a partner with start-up firm Y Combinator, which reportedly has more than 80 African start-ups in its portfolio.“30% of YC companies exposed through SVB can’t make payroll in the next 30 days.”
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