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PRESENTED BY ORide
01 - 07 - 2019

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A MESSAGE FROM OUR SPONSOR

ORide, a new on-demand motorbike hailing service has launched in Lagos, Nigeria. Driven by technology, the ORide service is accessible via the OPay app - a super app with features that cater to a range of lifestyle demands including food order and delivery, utility bills payment, cash access and more. Customers who download the Opay app this July on Google Play store or iOS app store  will pay only N200 for every trip they take that’s less than N2000. Get Started Today

Bharti Airtel has completed the stock listing of its Africa subsidiary, Airtel Africa, on the London Stock Exchange. The company raised $750 million from its debut trading day, giving it a market capitalization of $3.93 billion when it started trading. But things took a different turn by the end of trading on Friday. The subsidiary’s shares dropped as much as 16% from 80 pence per share to 67 pence per share, making it one of the worst debut stocks on any European stock market this year.

Four Nigerian universities are on the verge of completing their own mini power grids as they plan to reduce reliance on the country’s national grid. These schools include: Nnamdi Azikiwe University, Usman Danfodio University Sokoto, Kano State University of Science and Technology and the Federal University of Petroleum Resources (FUPRE). All four universities are working with Greek engineering firm, Metka Power West Africa to create their mini-grids. This development comes at a time when the national grid collapsed for the second time in two months.

Google wants to create a new private subsea cable running from Portugal to South Africa. Called Equiano, the new cable system will possess 20 times more capacity than the current system serving this region. Although the company has not announced any data centres in Africa, Equaino will branch off to connect with lines in other countries such as Nigeria before reaching South Africa. The first phase of the project will be completed by 2021.

The journey so far: Edmund Olotu, CEO, TechAdvance

IAfrikan’s Siwei Lyu explains how to detect deepfakes videos, which are AI generated videos depicting people doing and saying things they never did or said.

Mauritania has disrupted internet connectivity in the country following disputed elections held on June 22. The government suspended mobile connections after opposition parties claimed the election had a host of irregularities. With this move, Mauritania has joined a growing number of African countries that have shut-down the internet at some point this year.

Where are the $100m+ African exits? By Jason Njoku

Six Nigerian startups have each received N3 million equity-free funding from the ARM Labs accelerator programme. They include Asuqu, cooperative digitisation service; PayDay Investor, a fintech; FINT, a peer-to-peer lending platform; Ogaranya, ordering platform; Trove, a stock market investment app; and Tsaro, an insurtech.

Standard Chartered Bank has launched its digital-only banking app in Botswana, Zambia and Zimbabwe. The app already operates in Uganda, Tanzania, Ghana, Kenya and Ivory Coast. The bank says the app will be expanded to Nigeria by the third quarter of 2019.

A ‘Computer Village’ in Lagos offers lessons on what it takes to help small firms thrive

Egyptian food delivery startup, Breadfast has secured an undisclosed funding round from 500Startups and angel investor Mohamed Al Sewedy. The startup has also announced that it has been accepted into the famous YCombinator Accelerator Summer programme. As a YCombinator cohort, the startup will receive over $150,000 funding in return for 7% equity.

Passion Incubator, a Lagos-based incubator and accelerator, is hosting a Food Retail Masterclass in partnership with SoFresh, a Nigerian premium healthy food brand. Themed "Scaling your Food Retail Business", the Masterclass will cover modules such as Marketing, Food Safety, General Retail Operations, QA, Accounts, Distribution, Production, among others. It will be facilitated by Olagoke Balogun, CEO/Founder of SoFresh. The event is open to entrepreneurs with existing food businesses and is slated for July 27. Registration is ongoing. Click here to register.

Angola Cables has unveiled a cloud infrastructure as a service (IaaS). The new service is expected to provide a low-cost cloud solution to both African and foreign companies while allowing them to opimize their resource usage. Over the last few years, Angola Cables has been making headway to provide cloud services on the continent. In April, the company launched a data centre in Brazil to serve as the interconnection point to the South Atlantic Cable System and the Monet cables. At the time, the company said data centre will also support content providers and delivery networks in Latin America.

From TechCabal

+  Uber Will Now Consider Regulatory Issues Before Expanding to Any More African Countries +  Founders Factory Africa and Netcare to Fund 35 Healthcare Startups Across Africa

That's it,

We'll see you tomorrow.   - Abubakar
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