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.
Today’s Thursday
1. SA media company, Media24, has acquired 10% of music streaming service NicheStreem. We don’t know exactly how much Media24 invested, but what we do know is that NicheStreem is raising $1.5million on a $3.5million valuation. So far, they’ve achieved 50% of their goal in a seed round that opened in November 2016. Media24 is NicheStreem’s first institutional investor.
2. Jumia Kenya has launched Jumia Local, an online store dedicated to local products. The store will feature Made-in-Kenya goods that cut across categories like fashion, home and living, electronics, and consumables. Jumia Local vendors will be given reduced commissions not to mention training and support from Jumia’s management team. This entire enterprise is Jumia’s way of encouraging Kenyans to ‘Buy Kenyan, Build Kenya.’
+ Kenya is not the first country to be on the receiving end of Jumia’s mission to build local businesses. Back in October 2016, Jumia Local launched in Nigeria to celebrate Independence Day. It was launched to help Nigerians ‘Buy Naija to grow the Naira.’ I’m totally here for the slogans.
3. Telecommunications market services in Equatorial Guinea is said to have recorded up to $84 Million in revenue in 2016. This was revealed in a report that was released by Ken Research. The report estimates that overall telecom service revenue in the country will grow at a compound annual growth rate (CAGR) of 9.5% during 2016-2021. It’s expected that this growth will be driven mainly by 3G services and fibre connectivity.
4. There has been no internet connection in Anglophone Cameroon for 58 days now. #BringBackOurInternet
It’s today, guys! We’re hosting an exclusive AMA session with Greentree Investment’s Abis Soetan at 2pm (GMT +1). Abis is a financial professional, and he’ll be available to answer questions about structuring a startup and keeping finances in order. Abis will also provide valuable insight on fundraising strategy. So get your questions ready, people. Link
Other things happening…
+ Victor Asemota wrote this post detailing the growth Otigba Market a.k.a Computer Village in Lagos, with a few suggestions on how it can navigate the future.
+ When you’re done with that, watch this video titled “The Geeks of Otigba.” for a look into the average day of an engineer at Computer Village.
+ Brave Venture Labs co-founder, Jessica Colaco talks about the state of data science in Africa here. Key takeaway – we need more data scientists in Africa.
+ Seyi Fabode made a list of six technology trends that aren’t AI, blockchain or VR.
+ And this one is for software developers and designers – how to launch software changes without pissing people off . Link.
This April, ChatClass NG is offering a 2-month program designed to develop and support social media managers. The program will feature a thorough masterclass, real-life assessments and internships. Apply here if you’re interested. Deadline’s April 1st.
Upcoming events…
Johannesburg: The global entrepreneurship congress started on Monday and will end on Thursday, March 16th. 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.
Ibadan: Wennovation chat with Prosper Otemuyiwa on finding a world class technical co-founder, March 17th. Link.
Kaduna: Google Cloud Next ’17 Extended Viewing Party, March 18th. Link.
Douala: Facebook bot party at Activspaces, March 18th. Link.
Lagos: Digital Health Nigeria App Challenge Meet-Up, March 18th. Link.
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Thanks for reading!
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