TechCabal daily: The 6.7% club

Hey there! Today’s TechCabal digest is brought to you by DIYlaw; get N2000 off your next company incorporation here with our coupon code – DIYLAWTC. Here’s everything interesting in African technology today.


Major stuff happening

1. Abu Dhabi HQ is considering divesting its interest in its Nigerian subsidiary – According to this report by Reuters, Etisalat Nigeria’s parent company, Etisalat Group, is considering a sale of its stake in the company. This is coming after creditors reportedly tried to take over Etisalat because it defaulted on a $1.2 billion loan payment. Etisalat Group says it will hold off on the sale process until Etisalat Nigeria is able to sort out its debt restructuring. 

+ Etisalat is meeting with its creditors this week (we’re not sure when) so we’ll wait and see.

2. Jobberman’s Best 100 Companies to work for in Nigeria – Jobberman has released its 2016 report on the best companies to work for in Nigeria and it’s quite an interesting read. General Electric came in at number one while Google, Konga and Andela are the three tech companies that made the top 10 list. Jumia, Iroko, MTN and Uber also pulled their weight to be present on the list. Out of the respondents polled, only 6.7% reported that they were very satisfied with their job. Majority of the respondents (29.8%) reported that they were just fairly satisfied. If you’re interested in seeing more numbers, check out the full report here.

+ I’m interested in hearing from people who are *very satisfied* with their jobs. How did you get there? Link.

3. My name is DealDey Silvertree – Silvertree Internet Holdings has taken full ownership of DealDey after ending its joint venture with Switzerland’s Ringier Africa. Ringier formed a partnership with Silvertree to acquire Dealdey in March 2016 but Disrupt Africa reports that Ringier has now exited the deal in order to focus on its classifieds, content and marketing business. Link

4. Today marks day 56 of the internet shutdown in Anglophone Cameroon. Link.


Other interesting things…

+ South Africa’s Impact Amplifier is looking for startups addressing social or environmental challenges to apply to its Investment Readiness Accelerator programme. Link.

+ The Launchlab is also looking for startups to pitch to its Water and Waste Management Challenge. Link.

+ PiggyBank has launched a new update called SafeLock that gives users up to 25% Interest upfront on their savings. Link.

+ What do you think about an industry night for the Lagos tech scene? Coming soon to a venue near you. Link.

+ Who knew mobile networks in South Africa offered the fastest internet speeds across the continent? Link.

+ Oh look, five things you shouldn’t say to a woman running a business. Link.


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Hot topic(s) on TechCabal Radar

+ This Thursday, we’re hosting another exclusive AMA session with Greentree Investment’s Abis Soetan. Link

+ Meet Intelli, a price comparison app for consumer goods. Link.


Upcoming events…

Johannesburg: The global entrepreneurship congress started today and will end on Wednesday, March 15th. If you couldn’t make it to Jo’burg, you can join the conversation on twitter with the #GEC2017 hashtag. Link.

Sandton: The FinTech Africa event on the Future of Payments is happening today. Link.

Sandton: African Tech Roundup Live podcast recording, March 16th. Link.

Accra: Facebook bot party at MEST, March 16th. Link.

Lagos: Python WhiteSpace dev meetup, March 16th. Link.

Lagos: Datalytics meetup by CcHUB, March 16th. Link.

Lagos: Use the Capital Square workspace for free on Friday, March 17th. Link.

Kaduna: Google Cloud Next ’17 Extended Viewing Party, March 18th. Link.

Lagos: Digital Health Nigeria App Challenge Meet-Up, March 18th. Link.

Upcoming application deadlines

DEMO Africa Zambia:
Zambian startups, you have until Wednesday, March 15th to send in your applications to pitch at the DEMO Africa Lusaka tour. Link.

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That’s all folks!

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