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25 - 10 - 2018

Good morning from Lagos and thanks for reading TC Daily. If you got this from a kind friend or colleague, do take a moment to subscribe and get it in your inbox every week day at 7am.


If you are a cryptocurrency trader, you want safe, comfortable and private transactions. LocalCoinExchange facilitates peer-to-peer over-the-counter (OTC) trade of local currency for cryptocurrency with zero additional charges. Buyers on LocalCoinExchange, trade directly with sellers that have flexible rates and mode of payments. Many of the sellers accept Bank transfers, Paypal, credit and debit cards, cash, etc. Find out how to get started HERE.

The war against cash in Africa is solving the wrong people's problems, says Marcello Schermer, head of expansion at Yoco. Many cashless society initiatives don't really solve merchant problems. The solutions that will win in the end will be the ones that can combine payment services with value-added services to help the merchant make more money and the consumer pay in a more effective and rewarding way. Read the article now on Techcabal.

Airtel Africa, a wholly owned subsidiary of Bharti Airtel has raised $1.25 billion shot in the arm, and an IPO is in the works. Six investors including Temasek, Warburg Pincus, Softbank Group and Singtel participated in the deal. Go deeper here.

Kenya's government has earmarked a billion shillings -- that's just under $10 million -- to stimulate local phone manufacturing and software development, according to the Cabinet Secretary of the ICT ministry, Joe Mucheru, in hopes of cutting down mobile phone imports.

South Africa's national power company is going in on renewable energy and is exploring the use of batteries to get rid of its "load shedding" blackouts. The plan has the support of the African Development Bank.

The Lagos Angel Network has partnered with Bank of Industry to host an inaugural learning and business networking event themed "Raising capital for your startup." The event will hold on Friday, November 2. Find out more and apply here.
Three African fintech startups have been listed in Fintech 100 list presented by H2 Ventures and KPMG. They are Cellulant (Kenya), ThisIsMe (South Africa), and (Nigeria).

South African startup Uprise.Africa has secured funding from Nexxus Ventures, a Silicon Valley firm aimed at growing innovative companies and transforming founders into “Disruptrepreneurs”. Their words. The funding amount was undisclosed.

Out of 30 DEMO Africa finalists, five have been selected to travel to Silicon Valley for the 2019 edition of the Lions@frica Innovation tour. The selected startups are Chefaa (Egypt), Khourtim (Morocco), VertoFX (Nigeria), Hawkar (Tunisia) and Complete Farmer (Ghana).

If you are in Lagos today, check out Space x Fashion at 4pm. Link

Meeting up with personal financial goals, from owning a home to building trans-generational wealth, is a desirable thing. Desirable but tough. CowryWise makes it easier by helping you plan a unique and sustainable path to attaining your financial goals. This is done through convenient automated savings and investment. You can launch the pursuit of your goals with a simple click. Check them out here.

That's all.

We'll see you tomorrow. 
- Bankole.

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