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1 - 11 - 2018

Welcome to today's edition of TC Daily. Was this forwarded to you by a friend or colleague? Do take a moment to subscribe so you don't miss out on future editions.

We are pleased to announce Blockfinex is set to launch. Our fully regulated crypto exchange will be facilitating the purchase of cryptocurrencies with fiat. To address the current issues faced by traders with the available cryptocurrency exchanges, we are surveying crypto traders. Click HERE to take the survey.

There was a huge data leak sometime in the past three months at Nigerian airline, Arik Air, according to Justin Paine, the head of trust and safety at Cloudflare. Per a blog post published by Paine, hundreds of thousands of device fingerprints, names, email addresses, last four digits of credit cards, and IP addresses, were among the data leaked from a reportedly mishandled Amazon S3 bucket. Paine said the leak is either a direct fault of Arik's or one of its payment processors. Arik Air has denied the data leak as well as its use of Amazon's S3 service. While it is unclear if any of the leaked data was accessed by fraudulent entities, this belies a bigger problem of lax data protection law, not just in Nigeria but all over Africa. This is not the first of its kind in Africa either - South Africa has had several data breaches in the past few years, highlighting a seeming nonchalance by the continent's top governments to deal with data protection. Beyond how businesses collect, store or use data, potential victims of these breaches have no way of reproach backed by law too (I wrote about it here). In Arik's case, it took about a month to fix the leak, per Paine, and the airline did not disclose the leak or notify its customers that their data may have been breached. Talk about not giving an eff.

Salihu Ibrahim Dasuki and Naima Hafiz Abubakar, both Lecturers of Information System at Sheffield Hallam University and Bayero University respectively, did a study of how women in Kano, one of Nigeria's most populated cities, use messaging app WhatsApp. They found that women were able to participate in politics, commerce and share knowledge in ways they were previously unable to. They wrote about the results in more detail in The Conversation.

Nigeria's Sterling Bank has partnered with MTN Nigeria to launch a mobile device financing service called "PaySmallSmall". The service will allow people buy mobile devices and pay in installments.

CcHub's Growth Capital (GC) fund has invested in four startups so far, per Techpoint. The report quotes CcHub CEO Bosun Tijani as saying GC has invested in four startups so far - $75K in CcHub incubee, LifeBank, $100K in fintech startup Riby, $150K in enterprise software startup Delivery Science and $60K in educational software startup Edves. GC, previously unable to meet is original ~$2.8 million fund size target, now has its eyes set on a $20 million fund from which it hopes to be able to invest as much as $500K in selected startups.
Rwanda met its national economic goal of becoming one of top 30 countries in the ease of Doing Business Report, per this tweet from Claire Akamanzi, CEO of the Rwanda Development Board (RDB). Yesterday, it was ranked 29th in the world from 41st last year. Rwanda is also the most consistent and improved country globally since 2005.

Microsoft, through its 4Afrika initiative, and South Africa-based Centre for Proteomic & Genomic Research (CPGR) have partnered to launch an advanced medical analysis and research platform powered by Azure. The goal of the platform is to allow African scientists and academics to perform and collaborate on ground-breaking genomics research.

Contrary to previous estimates, a new report by World Wide Worx says e-commerce in South Africa will grow by 25% over 2017’s sales to make up 1.4% of total retail sales in 2018, per Techcentral. Previous predictions had suggested that online retail growth in South Africa would slow down to below 20% by 2018.

South Africa-based fintech company MFS Africa has closed a Series-B funding round led by China-based VC firm LUN Partners Group. The raise is an extension round to a $4.5 million round the company closed earlier this year, and brings the total round of funding to $14 million, per Ventureburn.

Uber has signed a partnership with Suzuki in Kenya to expand its cost-effective UberCHAPCHAP fleet, as it continues to vie for market share with Taxify and other local ride-hailing startups. Stanbic Bank Kenya, which has already financed over 500 vehicles on the UberCHAPCHAP platform, will come on as financing partners.

Melissa Bime has been named winner of the $25K Anzisha Prize, for INFIUSS, her online blood bank and digital supply chain startup, which provides local hospitals with access to blood. INFIUSS currently services 23 hospitals in Cameroon.

GDGLagos is hosting #DevFestLagos 2018 on Nov 3 at Zone Tech Park, Gbagada. Developer experts like Ire Aderinokun, Prosper Otemuyiwa and Aniedi Udo-Obong will be there to talk all things software development. Register here to attend.

Atlassian is having their first meetup in Lagos on Saturday, November 20, 2018 by 11am at the Terrgon Group office in Lagos. If you use Jira, Bitbucket, Confluence, Trello, Bamboo, Stride etc. to improve your Software Development, Project Management, Collaboration, Software, and Code Quality, find more info and registration here.

A week ago, Nigeria-based Terragon Group held a fireside chat event for Adrenaline, its AI-enabled platform which is able to deliver messages to audiences and draw real-time insights from customer feedback or behaviour. Read all about the solution and what went down at the event here.

From TechCabalWhat it’s like to buy something online from China (in Nigeria) + Oolu Solar Is Taking On Nigeria’s $2 Billion A Year Solar Home System Market

All Done.

We'll be back tomorrow.    - Akindare.
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