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15 - 07 - 2019

Hello, people! Welcome to another Monday edition of TC Daily! If this mail was forwarded to you, please take a moment to subscribe so you don't miss out on future editions.

Andela Co-founder and President, Christina Sass, is stepping down as President after over five years at the company. Christina will now take a supporting role as Chair of the Andela Advisory Council and the Andela Alumni Group. Christina dropped out of her PhD program at Harvard to join Nadayar Enegesi, Ian Carnevale, Iyinoluwa Aboyeji, Brice Nkengsa and Jeremy Johnson to start the company in 2014. Christina was responsible for getting Andela's country offices up and running in its early days.

Lynk, a Kenya-based marketplace for blue-collar jobs, has closed a Series A investment round led by Lateral Capital with participation from Kenyan Cornerstone Group. Lateral Capital makes debt and equity investments of  $250k-$5m in early and growth-stage technology startups in sub-Saharan Africa in financial services, energy, healthcare, and education. Some of its portfolio companies are Medsaf and Asoko Insight. Lynk was launched in  2016, it matches artisans with gigs and helps them find buyers for their products.

CcHub Design Lab is hosting an ecosystem meetup in Kigali, Rwanda for the creative and tech industry. The event will hold on the 15th and 16th of July and the objective is to create a plan to make the African Continental Free Trade Agreement work for Africans. The meetup is open to the public. Find out more here.

The Chadian president Idriss Deby has instructed telcos to restore access to social media after 14 months of shutdown. Social media access was blocked in March 2018 after President Deby proposed reforms that will keep him in power until 2033. He's been president since 1990. Internet without Borders estimates that the shutdown has cost Chad's economy over $20 million.

Applications are now open for Luxembourg's Fit 4 Start competition. The programme is managed by Luxembourg’s national innovation agency, Luxinnovation, and is open to startups in the space industry, ICT and health tech sectors. Apply here before August 16.

Cameroon-based fintech company, Ovamba Solution has now processed transactions worth €105 million. Launched in 2013, the company lends growth capital to SMEs via a combination of capital, logistics and inventory management. Ovamba has processed over 1000 transactions from SMEs in Cameroon alone in the last few months and some of its prominent clients are in the FMCGs, light manufacturing and infrastructure sectors.

Google is conducting a survey for global software startups. The survey will help its accelerator program, Google Developers Launchpad, better understand the current state of startups in different markets around the world and help drive how it supports ecosystems and startup success. Click here to participate in the survey.

A new ride-hailing service, Dubci, is set to launch in Egypt according to local media reports. The company has been linked with Egypt's military but both parties have denied the claims. Dubci is expected to launch next month and it will provide free internet connectivity for riders and drivers. It will also install security cameras in its vehicles to ensure safety. Egypt has become a hotbed for ride-hailing services including Swvl which raised US$30 million in November last year, led by BECO Capital and DiGAME. Swvl recently launched in Kenya and is looking to expand into Nigeria.

Nairobi-based startup, Ethnic Brand has raised $500,000 from Malaysia's Magic Accelerator. The startup provides low-cost manufacturing services to global fashion brands by leveraging a global network of artisans. Ethnic Brand will launch a beta later this year with factories in Africa and Asia. Through its partnership with Nanasi, a Kenyan social commerce startup, it will work with fashion brands to help them set up retail businesses & distribute their products.

Startupbootcamp (SBC) AfriTech has announced the 11 startups that will join the latest cohort of its accelerator programme in Cape Town. The startups include EAsilimia (Kenya), Weego (Morocco), Nigeria's HouseAfrica & Curacel Systems, Yobante Express (Senegal), Cinnamon Clubs (Uganda), Survey54 (United Kingdom) as well as South Africa's Databotics, Rentoza & Snapslip Holdings.

Here are some startups events happening around Africa this week.

From TechCabal

+  54gene Raises $4.5 million to Create the World’s First African DNA Biobank +  Uber Will Now Consider Regulatory Issues Before Expanding to Any More African Countries

Have a great week,

We'll see you tomorrow.   - Olanrewaju
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