Zenith Bank takes provision on 30% of its loan to 9mobile

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We’re sorry. 😢

Yesterday, we told you Cranium One was hiring a General Manager, but forgot to tell you where to send your applications. Face, meet palm.🤦🏽‍♂️  If you fit the bill (see job description below) and you’d love a new challenge, send an email to jobs@cranium-one.com.


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Yesharvest, the Lagos-based fruits and vegetables subscription service, is offering TC digest subscribers 10% off all orders made today and tomorrow. Use the discount code, YHV148 and thank us later. 😉

*Now is probably a good time to give our most loyal readers a collective name. Digesters? (Die, Jesters!) Digestives? Constipa…nvm. Hit reply to let us know. 😑


Here’s what’s happening

According to Zenith Bank’s CEO, Peter Amangbo, the bank has taken a provision on 30% of the loan it gave 9mobile four years ago while the telco restructures to prepare for a new investor. It’s interesting to note that Zenith Bank was the biggest lender to 9mobile among the consortium of banks that participated in the loan deal at the time.

Down in South Africa, Sanlam Investment Holdings, a subsidiary of Sanlam Limited, has reached an agreement with EasyEquities to acquire a 30% shareholding in the company at a $24m valuation. The fintech startup has been working on making investing in the stock market easy by reducing share trading fees. The deal is supposed to drive growth in client numbers for both of them as more South Africans become exposed to the financial markets.

Seedstars World will be in Accra on the 1st of September to watch 10 startups compete in front of their investment panel for a chance to take part in the regional and global Seedstars Summits. They will also be working closely with Enel Green Power to find innovative businesses in the energy sector. So, if you think your startup is up for some challenge, apply here.


What we are reading

+ Why have safety drivers in autonomous cars been dressing up as car seats, and why is it catching on? Link

+ How women in Nigeria are changing the face of technology. 💪🏾 Link


Cranium One is looking for a General Manager who will lead and manage performance in operations, and also grow the Cranium One brand through events, public relations efforts, brand awareness, and local specialized support. Find out more here and send an email: to jobs@cranium-one.com to apply.


Opportunities

+ Payporte is looking for a frontend developer and a backend developer. Send an email to a.bamidele@payporte.com to apply.

+ Imisi 3D is looking for a lab associate, so send your applications to: judith@imisi3d.com. Applicants must live in Lagos.


Funding opportunities

+ The Silicon Valley Accelerator Programme accepts six technology entrepreneurs for a five-day leadership programme in Silicon Valley. If you’d like to pitch your business to stand a chance, apply here. Deadline: 22nd September.

+ If you run a fintech startup, you should apply to pitch at LendIt Europe, an international lending and fintech conference held in Europe, before August 18th


Tizeti is piloting Unlimited Speed to combine with its Unlimited Download wifi service to prospective subscribers in Gbagada, Anthony, Ogudu, Maryland, Ikeja and environs. For Just N9,500 monthly, you can enjoy this upgraded experience. To sign up, click here, or call 01-4405610, 08172004139 or 08170590310


Upcoming events and deadlines

Lagos: The 2017 Logistics Professionals Conference on the 17th of Augustwill focus on helping professionals in the logistics space add value by taking advantage of technology that increases efficiency. Link

Lagos: The Business of Design, a designer meetup, on the 18th of August. Link

London: The sixth edition of Building Things for Nigeria, on the 17th of August. The event is for makers, entrepreneurs, product engineers, product visionaries, investors and people who are interested in building things but are yet to start. You can register here.

Lagos: TechCabal has scheduled an Office Hours session (August 23rd) with Mark Essien for entrepreneurs who would like help and advice with the challenges of running a startup as a technical founder. Seats are capped at 15, so register now.

Radar: Radar AMA sessions are back, and Yele Bademosi, founder and managing partner of Microtraction will be taking your questions on the 25th. Mark your calendar. Link 

Owerri: Owerri’s first major tech meetup will be held on the 26th of August. Register here.

Abuja: The Abuja Masterclass on the 31st of August will be ‘an introduction to Angel investing’ conducted by Tomi Davies. Check it out if you’d love to deepen your understanding of early-stage investing. Link

Deadline: African startups have three weeks left to enter DEMO Africa 2017. Link