A spokesperson for Malawi's national police said, “We are evacuating people to higher grounds and areas that are a little bit safe.' Heavy rains in southern Malawi have washed away roads and disrupted power in the country. More here: CycloneFreddy
African start-ups are waiting to see what happens after the collapse of the US-based Silicon Valley Bank .
It came after SVB was scrambling to raise money to plug a loss from the sale of assets affected by higher interest rates. Founder of Tanzania fintech NALA, Benjamin Fernandes, told BBC Focus on Africa radio that they had banked with SVB.
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