Nigerian Communications Commission will disburse subsidies to InfraCos to encourage broadband penetration
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Hello, dear reader. Welcome to the new week and another dose of TC Daily. There’s only one way to make sure you get this daily digest, take a moment to subscribe if you have not.
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| Tech Women Lagos Opening Weekend [Video Highlights] |
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| The AUDACITY exhibition closed yesterday. Thanks to all those who came out to experience the inspiring stories of our Tech Women Lagos. The stories and portraits are still up on- www.techwomenlagos.com |
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| Guardian reports that the Nigerian Communications Commission (NCC) has concluded process for the disbursement of subsidies to the six licensed Infrastructure Companies (InfraCos) to encourage broadband infrastructure deployment and penetration in the country. The six licensed InfraCos are: MainOne Ltd, Raeana Nigeria Ltd, O’dua Infraco Resources Ltd, Fleek Networks Ltd, Brinks Integrated Solutions, and Zinox Technologies Ltd, while a seventh licence for is being processed the North Central Zone of Nigeria. |
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| In response to the recent Cyclone Idai, a tropical storm that hit the Eastern Highlands in Zimbabwe and caused the loss of lives and properties, PyData is partnering with Impact Hub Harare to host a hackathon focused on creating an early warning system for natural disasters. The hackathon will be hosted at Impact Hub on the 30th of March. You can register for the Hackathon here. |
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| According to WeeTracker, YCombinator-backed startup Kudi has raised $5.8M in a recent round of funding from Partech. This is according to an SEC filing made on 18th March 2019. The Nigerian payments startup was founded by Adeyinka Adewale and Pelumi Aboluwarin and launched its services in 2017. The startup was selected for the YCombinator program in the same year. |
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Ventureburn has a list of startup events in Africa this week that you might be interested in. Check here.
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| Anonymous sources have told Bloomberg that Uber is set to close a deal acquiring Careem, its major rival in Egypt and most of the middle east. Uber will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem, according to these anonymous sources. The notes will be convertible into Uber shares at a price equal to $55/share, according to the term sheet seen by Bloomberg. |
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| The WISH Africa Expo, a two-day showcase of pan African Culture, commerce and development, will feature panel sessions about “Mobile and the African Market” as well as one about “Powering Africa” featuring Senior Director Energy at TESLA, Alex Schoch. Get tickets or find out more here. |
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| Google’s free Wi-Fi in Lagos and Abuja, and soon to be rolled out in other locations may be illegal, according to the Nation. A letter from the Nigerian Communications Commission (NCC) to the Federal Government reporting the situation, indicates that Google is operating without the NCC’s license. |
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| Transsion has applied to raise capital on Shanghai’s Technology Board through an Initial Public Offering. The Technology Board was established last November to provide an alternative for Chinese start-ups to raise capital, away from New York and Hong Kong, and Transsion is one of the first companies to kick off the fundraising project. |
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All Done.
We’ll be back tomorrow!
– Wole
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