- “The good thing about being behind is that there are so many case studies to learn from,” Cedric Manguad of Mstudio said. Now the studio takes working business models from the anglophone like Nigeria and replicates them in the francophone.
- Fayokunmi, a 22-year-old student of UNILAG, is rising in the branding & packaging industry. Leading a 2-year-old business making up to 15 million naira a year, she tells us how she started out in a room packed with dusty coolers to working with big brands & celebrities.
- Amazon's interests in Africa mostly skips retail commerce.
By focusing on training and providing digital infrastructure through a new fintech accelerator, "Amazon is pointing to where it sees value in the African market."
@signorabraham via @TechCabal
- In a petition filed earlier this week, Nigerian presidential candidate Atiku Abubakar alleges that INEC rigged the country's presidential election using third-party software and that the rigging was why the results were delayed.
More in #TCDaily.
- Richard Varha Technical High School in South Africa has officially opened its doors to a new era of education technology with the unveiling of the first South African Extended Reality (XR) public school classroom. Fitted with world-class, cutting-edge education technology, the classroom was donated…
- Sama says it followed the law when it fired content moderators, and Meta wants to hire another outsourcing firm. But the court barred both firms from taking any action pending a hearing scheduled for Tuesday next week.
@signorabraham reports.
- Verod-Kepple Africa Ventures (VKAV) has announced the first close of a $43 million fund. The fund will invest in tech-powered startups that have raised revenue and are addressing some of the continent’s pressing challenges.
- ‘Internet’ is likely one of the world’s most popular terms as a word, a tool, and a concept. But its counterparts, ‘extranet’ and ’intranet’, are less popular. Here, we break them down for you.
- In his petition, Atiku Abubakar claims that INEC reconfigured the BVAS with a software called Device Management System (DMS) and used it to rig the election in favour of Bola Ahmed Tinubu.
- President Buhari recently assented to states generating and transmitting electricity within their borders. But questions remain unanswered about how this will be implemented, and what it could mean for Nigerians and the tech ecosystems across the country
- Forty-three content moderators are suing Meta in Kenya. After enduring years of poor work environments and subpar pay from its former agency Sama, Meta has now, allegedly, asked its new agency to blacklist the content moderators.
More in #TCDaily.
- In this edition of #EnteringTech🚀, we break down engineering roles to their barest form, and show that software engineering is more than triple-monitor setups.
- Through access to funding, WomHub aims to support women all along the STEM (Science, Technology, Engineering, and Mining & Manufacturing) value chain, from attracting more women and girls through their WomEng programmes to running incubators and accelerators and investing in female…
- Lagos Internal Revenue Service (LIRS), is the tax authority responsible for collecting taxes within Lagos State, Nigeria. The LIRS eTax platform allows taxpayers to file their tax returns online, from the comfort of their homes or offices. Read guide here.
- Weeks after releasing its open banking regulation, the Central Bank of Nigeria (CBN) has revealed that it wants the Nigerian Inter-Bank Settlement System (NIBBS) to design and maintain the registry.
More in #TCDaily.
- But the company wants to sell its increased stake as soon as it can. Opera the consumer internet brand and developer of the eponymous web browser has increased its stake in OPay to 9.5% from 6.4%. This follows the conclusion of the 2022 sale of Nanobank for $127 million. In February this year,…
- Credable, a Dubai-based infra startup that helps businesses to provide their customers with digital banking services, has raised $2.5 million to scale its suite of products across key markets.
- In February 2021, Australia passed a world-first law aimed at making Google and Facebook pay for news content on their platforms. South Africa wants to follow suit.
- B2B e-commerce startup Zumi is shutting down due to its inability to raise the funding necessary to sustain its operations. This shutdown will see the company lay off its team of 150 people.
More in #TCDaily.
- Kenyan e-commerce startup Zumi has shut down for the second time. This time, it's bidding farewell to 150 employees who have previous work experience from companies like SpaceX, Amazon, Twiga, and Jumia.
- No one B2B market player is near maturity in Africa’s retail sector. Ongoing entrepreneurial experiments will no doubt bring progress. But it will take more time than the pitch decks predict.
@chernayj for @TechCabal
- Nigeria has approved ₦2.8 billion ($5.4 million) for the procurement of the software that will be used for its first digital census. So far, Nigeria has budgeted ₦177.33 billion ($385 million) for the digital census project.
More in #TCDaily.
- WAEC examinations in Ghana, including the West African Senior School Certificate Examination (WASSCE), and Basic Education Certification Examination (BECE), require vouchers to check their results. Here are ways to buy them virtually and physically.
- Nigeria has launched a $672 million fund for the youths in its tech and creative sectors. Read about it and other news about Chipper Cash, MTN, Flutterwave, and more in today's TC Weekender.
- Amid fresh layoffs, Onepipe has closed a $4.8 million (₦ 2.25 billion) credit line from TLG Capital. The deal, which has been in the works since Q3 last year, will power the startup’s inventory finance solution for small businesses.
- This week's Quick Fire guest is Nicolas Goldstein (@NicolaGoldstein), a Mauritius-based founder of Talentum, a pan-African platform designed to help companies source and employ remote-working teams mainly in Africa.
- There are multiple ways to check your JAMB result using your mobile phone. One such way is using your registration number. Read a step-by-step guide here.
- Ahead of the gubernatorial elections, @OoTheNigerian has created an app named Collate for Nigerians to upload their polling units' election results. They can also see the results of other polling units in real-time.
- OnePipe, the embedded finance startup that lets organisations integrate financial services, has laid off at least ten employees, people close to the situation told TechCabal.
- The West African Examinations Council (WAEC) may be responsible for conducting and administering examinations for students in West African countries. But checking your Ghana WAEC results isn't exactly the same as checking in other West African countries. Read more here.
- South African data-only network Rain is planning to spread its wings into offering mobile voice services, according to one of its investors.
More in #TCDaily.
- "Ironically, because SVB has been backed 100%, keeping funds in SVB is not a bad option."
Some African investors want to keep banking with SVB. @signorabraham for @TechCabal
- Before its shutdown, Silvergate provided several African fintechs with core banking solutions that powered international banking and dollar-denominated remittances. Now, these startups are searching for new partners as their customers remain waiting.
- Whether you have written or are about to write your JAMB exam, you may need to check your results at some point. See three ways to check your JAMB results using your mobile phone.
- For a cereal brand that just launched in 2022, it felt ridiculous for Surreal to get big names such as Ronaldo, Dwayne Johnson, Serena Williams, and Micheal Jordan to endorse their products on a budget. But their marketing team successfully got it done. Read full story here.
- PayShap claims to offer an easy and safe way for banked and underbanked consumers to make low-value (initially up to R3000) payments to one another in real-time irrespective of where they bank.
- The Nigerian government has launched a $672 million fund for tech for young people in its tech and creative sectors. The fund will see investments across 200 tech and creative startups, and 450 tech-powered SMEs.
More in #TCDaily.
- Formulated to mark a watershed phase in the growth of Nigeria’s technology ecosystem, the NSA was designed to be carefully domesticated across the country’s 36 states But so far, only a few states seem interested in driving the tech policy home.
- MTN’s total subscribers rose 6% to 289 million, with data subscribers growing by more than 12% to 137 million and Mobile Money users up by 21% to 69 million.
- Babatunde Akin Moses is the founder of Sycamore, a P2P lending platform that is committed to creating a more seamless lending process for users by connecting them directly with their peers.
- The Android, Windows and Lite versions of the new Kenya eTIMS taxpayers system will be officially made available by April, 2023. Here's how to use the available eTIMS online portal to file tax returns.
- StanChart's net profit skyrocketed by 38% to a ceiling-shattering Ksh12.44 billion ($95.7 million) in 2022. On the other hand, Absa’s profit soared to Ksh14.6 billion (~$112 million).
More in #TCDaily.
- According to a report from Bloomberg published today, Chipper Cash, one of Africa's more prominent fintech companies and unicorns, is reportedly considering a sale of the company or seeking new investors.
