Africell raises $100 million and Kukua raises $2.2 million
|
Welcome to today’s edition of TC Daily. Did a friend or colleague forward this to you? Do take a moment to subscribe so you don’t miss out on future editions.
|
|
|
A MESSAGE FROM OUR SPONSORS
|
|
|
Blockfinex stands for “Blockchain Financial Exchange” meaning integrating Blockchain assets, digital technology with finance. Once launched, this exchange platform make a fiat-crypto section available to all Nigerians to deposit funds and trade all tokens of their choice without having to incur extra fees transferring from one exchange to another. As a new user, you would be getting a demo trading platform and 1 month of zero-trading fees for the First Month. Learn more HERE.
|
|
|
Nigeria-based data and marketing technology company, Terragon, has acquired Bizense, a Singapore-based mobile technology company in a cash and stock deal, Digest Africa reports. Terragon will now control Bizense’s intellectual property assets globally. Terragon, founded in 2009, closed a $5 million venture round led by TLcom partners in March this year.
|
|
|
Edtech startup Kukua has raised $2.5 million seed in a seed round led by EchoVC partners. Kima Ventures, Founders Factory, Burda Principal Investments, Firstminute Capital and angel investor Lars Fjeldsoe-Nielsen – a former VP of mobile at Uber and Dropbox – also participated.
|
|
|
A governorship candidate in Lagos, Nigeria, Jide Sanwo-Olu, has reportedly launched a free wifi program starting with a mall in the Surulere area of the state. This is most likely a political stunt so I won’t hold my breath, especially since the thing is named “Sanwo WiFi”.
|
|
| The Nigerian Communication Commission (NCC) has said that telecommunication operators have recorded over 33K cases of vandalism between June 2017 to August 2018, per this Guardian Nigeria report. It also said Globacom, Nigeria’s second largest operator, was the worst hit. |
|
| Dr. Katherine Getao has been appointed as the new CEO of the Kenyan ICT Authority. Prior to this appointment, Dr. Getao was ICT Secretary at Kenya’s Ministry of Information Communication and Technology. |
|
|
The Global Entrepreneurship Network (GEN), Egyptian real estate firm Tatweer Misr and the Egyptian Ministry of Investment and International Cooperation have launched the country’s first entrepreneurial hub. Named “GEN@Bloomfields“, the hub will host its first round of entrepreneurs in 2021 and it will welcome entrepreneurs from all over the MENA region.
|
|
|
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has invested $100m in Africell Holdings. The project is expected to have a highly developmental impact particularly in Uganda and the Democratic Republic of the Congo by expanding the availability and quality of affordable mobile telephone and internet services in those countries.
|
|
|
The World Bank has announced an “Afrique Excelle” acceleration program for francophone African startups, per this tweet from Rebecca Enonchong. The program will be managed by VC4A.
|
|
| You are invited to TC Townhall, Fintech 2.0, holding in partnership with Softcom on November 30. The forum will take a look at the next generation of financial technologies in Nigeria. Speakers include Adia Sowho (MD, Mines.io), Gbenga Agboola (CEO, Flutterwave), Titi Odunfa (MD, Sankore Investments), Dr. Yinka David West (Academic Director, LBS), Yvonne Johnson (fintech angel investor) and Yomi Adedeji (CEO, Softcom). Registration is now live, and seats are limited. See you there! |
|
|
Beyond Afrobytes’ main headline Paris event, the platform will now host satellite events across North America, Europe, Asia and Africa, per Digest Africa. You can check out dates and buy tickets here.
|
|
La Fin.
We’ll see you tomorrow.
– Akindare.
|
|
|
|
Do the right thing. Share TC Daily With Your Friends!
|
|
|
|
|
