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South African MTN’s anticipated listing on the Nigerian Stock Exchange will not be happening through an IPO. It will be listing by introduction instead. This means it will be listing already existing shares without issuing new ones or raising new funding. Prior to this, MTN converted its Nigerian arm into a public company as a legal requirement for its listing expected to happen by June 30. MTN’s listing in Nigeria has been delayed by protracted disputes with the government: a 2016 dispute that led to a US$1.7 billion settlement and a 2018 dispute that led to a US$53 million settlement. The IPO was part of agreements reached with the Nigerian government as part of its US$1.7 billion settlement. In 2018, MTN successfully pulled off a mobile money IPO in Ghana through its mobile money service, Momo Wallet. It plans to launch a mobile money service in Nigeria this quarter.

Digital money transfer company, WorldRemit and Paga, Nigeria’s first and leading mobile money company have joined forces to launch international digital money transfers in Nigeria. Using the WorldRemit app or website, Nigerians living in over 50 countries across the globe will be able to send money quickly and securely to over 11 million Paga users. With a diaspora of 15 million people, remittances play a significant role in Nigeria’s economy. Last year, the inflow of remittances was an estimated US$25 billion, the highest recorded in Sub-Saharan Africa. Money can be directly sent to recipients using their mobile phone numbers which they receive instantly in their Paga wallets. Learn more about WorldRemit x Paga’s digital money transfers here.

Liquid Telecom is hosting Massachusetts Institute of Technology’s (MIT)’s 2019 MIT’s Inclusive Innovation Challenge (IIC) in Africa for the first time. The challenge will take place under four categories:  technology access, financial inclusion, skills development and opportunity matching, and income growth and job creation. A total of US$1.6 million will be awarded this year and the challenge will culminate with a Global Grand Prize Gala at MIT in November. Registration is now open and closes May 9.

The Africa Fintech Foundry is hosting the second edition of its Africa Fintech Foundry Disrupt Conference next month. This year’s conference is themed Digital Goldrush: Building a Sustainable Tech Economy. The goal of this conference is to bring together private stakeholders and government institutions to discuss issues, proffer solutions and chart the course for the new era of Africa’s tech revolution. The event will take place at the Landmark Centre, Victoria Island, Lagos on May 16, 2019 from 9:00 am. To learn more please contact Oluwaseyi Balogun on +234 812 815 6327 or Anita Odiete on +234 818 244 0889.

Ride hailing company, Uber, has launched a new service for its Nigerian users. Riders can now leave tips in-app for drivers whose rides they’ve enjoyed. The new tipping option will only be available for card trips and riders can choose from preset amounts or make a custom tip if they desire. The tipping service was launched in 2017 and rolled out in 100 cities in the U.S. and Canada after years of reluctance and deliberation. Of course, tipping isn’t compulsory but with drivers who go the extra mile, figuratively, parting with some extra cash won’t hurt.

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A new angel investor network has launched in Benin Republic. The Benin Business Angels Network (BBAN) is bringing together local and diaspora entrepreneurs, investors and professionals to fund and offer support to Benin-based startups. Its 15 founding members will invest an annual minimum of CFA2.5 million (US$4,300) as well as mentor and connect startups to networks that will help them scale. Angel investor groups are increasingly coming up on the continent as a solution to funding and mentoring gaps for African startups. Recent launches include the Dakar Network Angels in Senegal and the Togo Business Angels Network in Togo, all spurred by the work of parent initiative, the Africa Business Angels Network (ABAN).

Here’s an opportunity to join Andela as a Junior, Mid Level or Senior Software Engineer. To join its fellowship program as a junior engineer, apply using this link. If you’re an experienced software engineer, apply using this link.

From TechCabal

+ How Product Designers and Managers Can Build More Inclusive Products

+ To Drive Inclusion, Fintech Solutions Should Focus on Last Mile Users