Profitable and still trimming. African talent treated as the flexible line item.
On Techpoint Digest, we discuss how Branch laid off staff despite posting $30 million in profit, Cameroon's move to disconnect up to 700,000 unregistered phones, and the growing wave of violence targeting ride-hailing drivers in South Africa.
Branch's decision to axe staff while sitting on $30 million in profit exposes the ugly truth about Silicon Valley-backed fintech in Africa. These companies treat African talent as expendable even when they're profiting off the continent's financial inclusion needs. Meanwhile, Cameroon's threat to disconnect 700,000 unregistered phones reveals how governments weaponize digital infrastructure against their own citizens, and South Africa's surge in violence against ride-hailing drivers shows the human cost of gig economy exploitation without adequate worker protections.
Branch's decision to axe staff while sitting on $30 million in profit exposes the ugly truth about Silicon Valley-backed fintech in Africa. These companies treat African talent as expendable even when they're profiting off the continent's financial inclusion needs. Meanwhile, Cameroon's threat to disconnect 700,000 unregistered phones reveals how governments weaponize digital infrastructure against their own citizens, and South Africa's surge in violence against ride-hailing drivers shows the human cost of gig economy exploitation without adequate worker protections.
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