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31 - 05 - 2019

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Passion Incubator, a Nigerian-based technology incubator and accelerator with expertise in innovation program design and tech investments has announced the launch of its Future of Work in Nigeria report. This report holistically examines the subject from a practical study of more than 900 stakeholders employed across 20 key sectors. The Future of Work in Nigeria report is completely free of charge and can be downloaded via this link

According to a Bloomberg report, MTN Group is looking to expand into Ethiopia. MTN began a review of its markets across Africa and the Middle East last year, leading to sales of its Cyprus business and its share of a joint venture in Botswana. This week also saw the sale of its interests in investment fund, Amadeus and flight-booking site, Travelstart to HarbourVest Global Private Equity Ltd. The telco says it is focusing on its bigger markets like Nigeria and seeking to enter markets where it can become a major player.

Pan-African technology and innovation hub network AfriLabs will hold its fourth Annual Gathering in Addis Ababa, Ethiopia from October 28 to October 30. The event provides an opportunity for tech hubs in the AfriLabs network and other stakeholders in the African tech ecosystem to meet, network and share knowledge. Learn more about this year's gathering which is themed "Connect: Towards an Integrated Innovation Ecosystem”.

Agri-food entrepreneurs aged 18-35 from across Africa are invited to apply for Generation Africa’s GoGettaz competition by July 15 for a chance to win US$ 50,000 and guidance from Generation Africa to grow their business.
Airtel Africa, a subsidiary of Indian telecoms group Bharti Airtel Ltd. is reportedly planning a listing on the London Stock Exchange. It plans to sell 25% of its stock to new investors in a bid to raise US$1 billion in the process, mostly to pay down debt. Cash injection from existing investors has already helped to reduce Airtel Africa’s net debt to $4 billion in March, compared to $7.7 billion in the previous year. JPMorgan, Bank of America, Citi, Barclays, and Goldman Sachs are among nine banks AIrrtel has selected to assist with the listing which may happen as soon as next month. The company, operating in 14 African countries, also plans to list on the Nigerian Stock Exchange.
On TechCabal, we have put together a stack of content for healthcare entrepreneurs covering a wide range of subjects from how to develop new product and services to scaling in Nigeria's tough business clime. Want more? Download our report, "The State of Health Tech in Nigeria", for a sector deep dive into challenges, opportunities and recommendations compiled especially for innovators, investors and regulators. Get it here.

If you have significantly below average rider ratings, ride-hailing giant, Uber says it will kick you out of the app. Uber has recently rolled out a new deactivation feature for riders with low ratings. The feature is available in the U.S. and Canada currently and will reach its other markets over time. The company says this feature is part of new community guidelines users are bound to confirm acknowledgment of while on the app. It is also using this to drive a "respect is reciprocal" ideology given that drivers have always been at the mercy of ratings sometimes being removed from the app if their ratings are low.

She Leads Africa is building Africa's largest female-focused media company. They've just closed a seed round and are hiring. Click here for more details:
A recent million-dollar art auction in the world of tech is of The Persistence of Chaos, a piece of art loaded with some of the world's most dangerous malware. Its buyer is unknown. Should we be worried?
Kenyan electric car company, Nopia Ride, which launched in 2018 is scaling its operations in Nairobi with the launch of its third charging station, TRM Mall. They also unveiled 10 new electric cars, bringing its pilot phase to a stop. The new charging station brings the total number of Nopia Ride's stations in Nairobi to three. The company hopes to tackle harmful air pollution from automobile carbon emissions.

Cameroon's Kiro'o Games is looking to raise US$1 million in seed funding via crowdfunding on a platform it has developed itself. The campaign which started last month has already generated US$90 000 from 89 investors. This will not be the first time the company is taking this route. In 2015 Kiro’o Games raised €49,774 (US$55,000) — against a targeted €40,000 (US$44,000)— from 1,310 backers on Kickstarter for development of its first title, 2D African fantasy role-playing game Aurion: Legacy of the Kori-Odan. One of the round’s lead investors is Cameroonian tech entrepreneur Rebecca Enonchong. Kiro’o Games intends to use the funding to upgrade its equipment, hire more staff, and grow its community in Cameroon.

Four finalists have emerged for the Royal Academy of Engineering’s 2019 Africa Prize for Engineering Innovation. The finalists for the fifth edition come from Kenya, Nigeria, South Africa and Uganda and will pitch for £25,000 on June 4 in Kampala, Uganda at the finals. Applications are open for the sixth edition and closes on July 22. 

From TechCabalCurbing Losses in the Food Value Chain in AfricaRwanda Must Pick a Side in its GMO Debate

Have a great weekend,

We'll see you next week!   - Kay
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