South Africa’s Lüla Begins Campaign To Crowdsource R2.5-million (US $180,000)
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Welcome to today’s edition of TC Daily. If this mail was forwarded to you, please take a moment to subscribe so you don’t miss out on future editions.
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| A MESSAGE FROM OUR SPONSORS |
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| We’re pleased to announce the launch of Renmoney micro-business loans – a new product that allows business owners to access credit of up to ₦4million either via our website, (www.renmoney.com), contact centre, agent network or branches. Since inception, we focused on the employed market, learnt a lot from this segment and will continue to be focused on solving complex credit challenges and driving impactful financial inclusion for individuals in Nigeria. Click here to find out more. |
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MainOne, in partnership with Facebook, plans to roll out a metro fibre infrastructure project in two states in Nigeria. The approximately 750 km terrestrial fibre infrastructure will be situated in Edo and Ogun States. According to ITNews Africa, the project is part of Facebook’s efforts to connect more people to broadband internet.
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South African startup Revix has secured R11-million (US $795,000) from a Johannesburg Stock Exchange (JSE) listed firm and is set to go live with its crypto-trading platform next month. Co-Founder, Sean Sanders, while speaking with Ventureburn, says the platform will be launched on March 15 and will make it easier for the common investor to invest in cryptocurrency funds.
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South African mobility startup Lüla is looking to raise R2.5-million (US $180,000) in return for 8.5% equity stake, through local equity crowdfunding platform Uprise.Africa. The campaign which will run for 90 days, has already raised R81 000 (US $5,000) so far. Lüla connects corporate commuters to private shuttles.
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Johannesburg-based I’M IN Accelerator, plans to accelerate at least five startups in an all-female cohort beginning in May. Executive Director and Founder, Polo Leteka, said the intention with the all women cohort is aimed at broadening women participation in the tech sector. Each accelerator programme runs for seven months, with focus on startups’ business growth strategy, cashflow management, corporate governance, intellectual property and digital marketing.
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Canada’s International Development Research Center (IDRC) in partnership with French investment company, Meridiam, is set to host a training and research program on renewable energy in Senegal. The training will hold at the Dakar Polytechnic University and over 200 people are expected to be part of the programme.
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The International Conference on Cyber Warfare and Cyber Security (ICCWS) is set to hold at the Stellenbosch University (SU) from February 28 to March 1, 2019. The event, which is holding outside the US for the second time, will bring key stakeholders together to address cyber security, cyber warfare and information warfare in South Africa.
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That’s all for today.
We’ll be back tomorrow.
– Kay
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