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Welcome to today’s edition of TC Daily. If you haven’t, please take a moment to subscribe and have this directly delivered to your mailbox.
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| All On Energy has announced the launch of a N1 billion Bank of Industry and All On Niger Delta Off Grid Energy Debt Fund. All On Energy is an off grid energy impact investment fund for Nigeria seeded by Shell. The fund will provide local currency debt financing to facilitate the deployment of energy solutions by access-to-energy companies in the Niger Delta at 10% interest rate per annum (with a one-year moratorium) and tenor of up to seven years. According to All On Energy, the goal of the Debt Fund is to stimulate the growth and spread of off-grid energy businesses in the Niger Delta. Find out how you can apply here. |
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| The South African government and regulatory agency, National Energy Regulator (NERSA), are preventing farmers from powering their farms using solar energy, a news report says. These solar energy alternatives can save farmers thousands of rand in electricity cost as well as ameliorate the now frequent organised power cuts or load shedding by channeling excess energy to the national grid. According to MyBroadBand, NERSA has to grant permission for independent power generation and this can take months, a year or more to obtain. NERSA is pushing blames to the Department of Energy for lack of guidance in the formation of guiding regulations. For farmers who have invested in solar farms, this delay is costly and clearly not a win-win for any of the parties involved. South Africa’s power utility company, Eskom, has resorted to load shedding in the past to meet power demands amidst its own internal crisis from staggering debts to falling revenues and crumbling infrastructure. |
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CcHUB Design Lab, Kigali has launched a 6-month paid immersive programme for recent graduates. The CcHUB Design Fellowship will run from July 2019 to December 2019 and will feature courses and projects aimed at incorporating Human-Centered Design (HCD) approaches into how public agencies and corporates are exploiting technology to improve services, products, and processes, and building partnerships and relationships to collaboratively solve significant social and business challenges. You do not need prior experience in Human-Centered Design (HCD) to apply and graduates of any discipline are welcome. Apply here before May 10.
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| MEST Africa, in partnership with Microsoft, announces its fourth annual MEST Africa Summit which will take place in Nairobi, Kenya from June 10 – 12, 2019. Happening at the Radisson Blu Hotel as well as the home of MEST Africa’s Nairobi incubator – the Nairobi Garage, the summit will bring together leading entrepreneurs, investors, ecosystem players and executives from across Africa and globally to explore the latest innovations and rising stars in the African tech ecosystem. The Summit will culminate with the finals of the 2019 MEST Africa Challenge, where attendees see regional winners AMPZ.TV, OZÉ, Snode Technologies, WayaWaya and Seekewa pitch for a chance at up to $50,000 in equity investment, a place in a MEST Africa incubator of their choice and full support to help their company scale. For more information and to register, please visit the website. |
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On the 18th of April, 2019, The British High Commission to Nigeria and EFInA (Enhancing Financial Innovation & Access) are convening an interactive session that brings fintech operators, investors, policy makers and hubs to explore the ways in which increased funding and enhanced regulatory harmony can grow the Nigerian Fintech ecosystem. Also, EFInA will announce the winners of its $2 million Fintech Challenge Fund; fintech companies who have built solutions to improve financial inclusion among low-income earners in Nigeria. Applications are now closed but you can learn more about the event and how to connect virtually here.
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Applications are open for the next round of Google Africa Certifications Scholarships. Google is offering 30,000 scholarship opportunities and 1,000 grants for the Google Associate Android, Mobile Web, and Associate Cloud Engineer certifications. The training is available to applicants from across Africa, and will be delivered by Google’s partners, Pluralsight and Andela. These scholarship provisions are in line with Google’s commitment to provide mobile developer training to 100,000 Africans. Learn more and apply here.
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| A corporate-backed venture capital firm is seeking to hire a Programme Manager for its Innovation Centre in Lagos. The Programme Manager will be required to ensure the successful implementation of programmes, support the implementation of the Centre’s technological investment strategy and build connectivity with the larger tech community among other things. They also require someone who is passionate, has problem-solving skills, is proactive and has great communication skills. You should also have a first degree or its equivalent in any business-related discipline with 3-5 years worth of experience under your belt. Think you’re a good fit? Send your C.V. to info@itanna.co with the subject “Application for Programme Manager Role”. |
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| TechCabal is pleased to introduce its first paid report, The State of Health Tech in Nigeria. This essential report looks deeply into the state of Nigeria’s health industry, the challenges facing that industry and the innovative startups working to find solutions to those challenges. The report profiles 75 active and 15 inactive health tech startups across 12 subsectors. It further examines the challenges these startups face, the opportunities in the space and makes actionable recommendations for entrepreneurs, investors and regulators to consider. Get the report here. |
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| Here is a long read for your Tuesday morning. Stears Business, in partnership with online peer-to-peer lender, FINT, provides an in-depth analysis into the world of alternative financial investments in Nigeria. |
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That’s all,
We’ll see you tomorrow.
– Kay
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