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PRESENTED BY BRANCH
03 - 12 - 2018

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A MESSAGE FROM OUR SPONSORS

Branch is holding a casual meetup to connect Data Science enthusiasts with its Global Head of Data Science - Nick Handel by 5pm on Wednesday, 5th December 2018. The 2-hour event will see Nick share his knowledge on topics ranging from Machine Learning Methodologies to Career Opportunities in AI. Nick has worked as a Machine learning product manager at Airbnb and BlackRock. His specialties include; ML, deep learning, NLP, image modeling, generalized infrastructure, growth, marketplaces, ETL, experimental design and product management. This event will take place at Burg, 11B Isaac John St, Ikeja, Lagos. RSVP: uwem@branch.co

South Africa-based Naspers reported an increase in earnings in H1 2018 - with the headliner being its classifieds business(es) which is/are now profitable. It’s core headline earnings hit $1.7 billion as it continues it’s attempts to rein in a $28 billion gap between its own valuation and that of its stake in Chinese giant Tencent.

Naspers’ Multichoice may be under long-term threat from Netflix and similar services, but it’s hanging on for now recording year-on-year subscriber growth, according to Naspers’ H1 2018 financial report. Multichoice added 400K new subscribers in the time period, revenue increased by 3% to $1.8 billion, while trading profit rose by 6% to $211 million.

Netflix will be shopping for African content to add to its list of “Originals” come 2019, per this report from Variety. The online streaming giant has been focusing on international expansion and this goes right along with that plan. It also recently acquired Nigerian actress Genevieve Nnaji’s “Lionheart”.

The GSMA has released a report titled “Spotlight on Nigeria: Delivering a Digital Future” in which it outlines steps it believes the Nigerian government and regulators should take to get 55% of its population connected by 2025. They include: retiring the Digital Mobile Licence, the National Carrier Licence and the International Gateway Licence; eliminating superseded conditions in the Unified Access Service Licence (UASL) and migrate many others towards a supplementary general UASL conditions document or to parallel regulations; and “support for and release of harmonised spectrum and a modernised licensing framework”.

The Kenyan government has announced plans to filter access to adult content websites in the country in a move to “curb teenage pregnancies”, TechMoran reports. Apparently, the move comes after reports that children were turning to pornography for sex education and engaging in unprotected sex leading to early pregnancies. Lol.

Lagos-based accelerator Itanna held its inaugural demo day and it saw startups KoloPay, Accounteer, Tradebuza & PowerCube raise $25,000 each in funding. The demo day marked the end of its four-month innovation programme for tech-enabled, for-profit African startups.

A short paper on how to optimize the role of technology in open & distance learning” by Kola Aina, CEO at Nigerian venture capital firm Ventures Platform.

Disrupt Africa profiled Smart Lab, a Tanzanian innovation lab and accelerator that is “connecting local startups and corporates to create solutions that could impact local communities.”

TechCrunch is headed to Lagos to host its second Startup Battlefield Africa competition on December 11, 2018. Sub-Saharan Africa’s best innovators, makers and technical entrepreneurs are invited to attend this year's TechCrunch Startup Battlefield Africa. If you missed out on our ticket giveaway, you can still get your tickets now!

The forLoop developer community has launched forLoop South Africa. If you’re in that neck of the woods, check out what they’re up to here.

A big, big thank you to everyone that showed up for TC Townhall: Fintech 2.0 last Friday. We hope you met great people and had an insightful time (you can tell us about the chops on Twitter 😉).

From TechCabal + What It’s Like To Buy Something Online From China (In Nigeria) + Trackers, Guts and Money: Inside The Life Of A Nigerian Car Smuggler

La Fin.

Have a great week ahead! We'll see you tomorrow.   - Akindare.
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