Trella has raised more than US$600,000 in a pre-seed funding round led by Algebra Ventures.
|
Hello there! Welcome to today’s edition of TC Daily. If someone forwarded this to you, please take a moment to subscribe so you don’t miss future editions.
|
|
| Smartphone sales (by unit) rose in South Africa by 7.2% in 2018. Despite the overall increase, however, unit sales saw an 8.7% reduction in the fourth quarter (Q4) of 2018 compared to Q4 2017. Low-end smartphones accounted for 61% of unit sales in 2018 but only contributed 17% to the value of the market, ITNewsAfrica reports. |
|
|
Egyptian trucking marketplace app Trella has raised more than US$600,000 in a pre-seed funding round led by Algebra Ventures. Trella was founded in 2018 by Omar Hagrass (formerly of Uber) and Pierre Saad (formerly of Vezeeta) and it helps shippers reduce costs by improving load utilization and efficiency by connecting them with shippers through direct bookings.
|
|
|
TechCentral reports that South African IT company, EOH Holdings, has suspended some employees involved in deals being reviewed by its lawyers after an anonymous complaint prompted Microsoft to cancel partnership agreements with the Johannesburg Stock Exchange-listed IT company. EOH shares plunged after Microsoft ended its association with the company earlier this month.
|
|
| Mara Group signed a lease and proceeds with its plan to invest R1.5billion in a smartphone factory in South Africa. It is to open later this year at Dube TradePort Special Economic Zone (SEZ), north of Durban. During the Africa Investment Forum hosted by the African Development Bank in Johannesburg in November 2018, the company announced details of the planned ‘Maraphone’. |
|
| Facebook announced that it is bringing its Express Wi-Fi program to South Africa. This was one of the announcements made by the company at the Mobile World Congress (MWC) in Barcelona. The program, already available in African countries like Nigeria and Tanzania, will be made available in South Africa through a partnership with the telco CellC. |
|
| According to techweez, the Kenyan government is taking a detour from meeting its promise of giving computers to its primary school pupils under the digital literacy program. The government has now decided that it will build computer laboratories in all its 25,000 primary schools instead of giving computers to each pupil. |
|
That’s it.
See you tomorrow.
– Wole
|
|
|
|
Don’t keep this to yourself, share the digest.
|
|
|
|
|
