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27 - 11 - 2018

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.


"Labs by ARM” is a 12-week intensive corporate accelerator powered by Ventures Platform. The accelerator is designed to help early and growth stage fintech companies commercialize and massively distribute their innovations. Applications are still open for the next 2 weeks, please apply at

Ethiopia has announced it would launch its first earth observatory satellite in September 2019 with help from China. The $8 million capsule will be launched from China, but it's command and control center will be based in Ethiopia. Despite a new reformative government in power, Ethiopia's long history of internet shutdowns and state oppression is causing some jitters with respect to this planned satellite launch. There's also the thing about China's propensity to spy on nations it builds technology for.

Jumia has partnered with French food retailer Carrefour to sell the latter's products on Jumia's e-commerce platforms in Kenya, Ivory Coast, Cameroon and Senegal. This blog post on the partnership says "customers will now have access to a large variety of Carrefour products, and be able to get them delivered conveniently to their homes." This partnership comes after the signing of commercial agreements between Jumia and Carrefour's local partners: Majid Al Futtaim in Kenya, and CFAO Retail for Côte d’Ivoire, Cameroon and Senegal.

iSON Xperiences (formerly iSON BPO Limited), a call center company operating in 14 countries in Africa and India has raised a $51million structured loan and equity investment from Dubai’s Gulf Capital and AfricInvest, a pan-African mid-cap-focused private equity firm, per Techmoran. The funds will go into expanding iSON's services and expansion into more countries.

Cape Town based equity crowdfunding platform Uprise.Africa has announced the appointment of Prabir Badal as its new chairman. COO and co-founder Patrick Schofield, along with Head of Relationships Vuyisa Qabaka, will also step down from day-to-day operations and take board memberships.

Techpoint did a profile of Premier Hub, an innovation hub located in Akure, Ondo State, South Western Nigeria which just launched in August 2018. It joins a growing list of hubs that have been popping up across Nigeria beyond the commercial city of Lagos as Nigeria's tech ecosystem continues to mature and other states start to get in on the action.
If you are a South African looking to hire international talent or an international resident hoping to build a business in South Africa, the Silicon Cape Initiative is holding a town hall to talk South African immigration Policy & how it affects its ecosystem on December 4 at the InvestSA Centre in Cape Town. More info and details here.

Got a health tech startup operating in Nigeria? We would like to hear from you. We are putting together a map and analysis of the health tech sector that highlights the solutions innovators are bringing to bear on the problems of access to quality and affordable healthcare in Nigeria as well as provide actionable insights for policy makers, investors and entrepreneurs. Sign up here so we can feature your startup and to help us better understand the sector.


BUDX Lagos is a celebration of the Naija Sound. It is an experience for those in the know, those that have their own identity and dress accordingly in spaces that are as authentic as they are. BUDX Lagos runs from 1-2 December 2018 and will include panel talks, live musical performances and an after party. Head here to register and learn more about the event.

Online learning startup eLearnAfrica has launched an android app that will allow universities across the continent to create online courses and degree programs, per a press release we received. Faculty will be able to use the app to post assignments, video lectures, and slide presentations for students to access.
Cellulant has partnered with Stanbic Bank in Kenya to launch a loan product targeting artistes. To qualify for these loans, artists must be earning at least Ks 25,000 (~$250) in monthly royalties as well as a clean Credit Reference Bureau record. Digest Africa has more.
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,, Gbenga Agboola (CEO, Flutterwave), Titi Odunfa (MD, Sankore Investments), Dr. Yinka David West (Academic Director, LBS), Yvonne Johnson (fintech angel investor) and Tomi Amao (CIO, Softcom). Registration is now live, and seats are limited. See you there!

From TechCabalWhy You Should Have Made Money In The Telco BoomGIGM Is Nigeria’s Most Technologically Advanced Road Transport Company

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We'll see you tomorrow    - Akindare.
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