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PRESENTED BY LOCALCOINEXCHANGE AND COWRYWISE
26 - 10 - 2018

Welcome to another edition TC Daily. Was this forwarded to you buy a friend and you want to keep getting it? Great, subscribe now!

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In the ramp up to its spin off from Naspers and listing on the Johannesburg stock exchange, significant management changes are happening at Multichoice. The most important change is that the new Multichoice group consisting of Multichoice South Africa, Multichoice Africa, Showmax and Irdeto will now be headed by Calvo Mawela, who used to be CEO of Multichoice South Africa. Some of you might remember him as the one who wanted Netflix to be regulated for dive-bombing DStv's pay TV turf.

South Africa is getting Amazon Web Services data centres. They will be set up in Cape Town in H1 2020

Naspers is apparently betting that it can help create the new Craigslist by audaciously backing Letgo, an American mobile classifieds app. And it's using its Tencent profits to do it. Article on the WSJ (paywall).

Endeavor Nigeria has picked its first entrepreneurs. Etop Ikpe of Cars45, and Elizabeth Rosiello of Bitpesa. Endeavor is a global network that mentors and supports high impact entrepreneurs.The Nigerian affiliate launched in February 2018.

In news from the Mogadishu Tech Summit which concluded yesterday, we hear that the chairman of Premier Bank has announced a $1 million fund to invest in Somalian startups, to be deployed in collaboration with iRise Hub.

Kenya's Pesacheck is the latest addition to Facebook's growing cohort of 3rd-party factchecking organisations, according to Techweez.

The African Youth Energy Innovator competition is now open to applications from young Africans between the ages of 18 and 35 who are creating solutions for the energy sector.

Clickbait. If you've used Uber or Taxify in Lagos, you've definitely met all these types of drivers. If you aren't in Lagos and you still recognise them, hit reply to tell us where you are reading from.

A MESSAGE FROM OUR SPONSORS
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All done.


We'll see you next week. 
 
- Bankole.

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