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17 - 07 - 2019

Hello! Welcome to another edition of TC Daily, your one-stop-shop for information about recent developments in the African technology scene! If this mail was forwarded to you, please take a moment to subscribe so you don't miss out on future editions.

Egyptian mobile game developer Cryptyd has secured an undisclosed sum of investment from two investors as part of its pre-Series A funding. The new funding was provided by Cairo Angels and Alexandria Angels. This is Cryptyd’s second round of funding after closing a seed stage round in 2015. The company will however use the new funding for product development, product marketing and scaling to reach new markets.
Kenya’s Safaricom is expanding its Masoko ecommerce platform to more African countries. The company says the expansion will help increase market reach for small and medium scale businesses operating in Kenya. Presently, Masoko works with around 120 vendors and has over 30,000 items for sale. The telecom company now wants to take advantage of the high adoption of smartphones in Africa to enter new markets. It aims to gain a foothold in other African countries by 2020.

On July 11, we convened the TC Townhall: Renewable Energy bringing together regulators, investors, development agencies, multinationals and entrepreneurs to discuss The Future of Africa’s Energy. In case you missed it (how could you?), we've put together an event wrap up which you can find here.

Off-grid renewable energy is not just helping to improve access to electricity in Africa. The sector is also employing an increasing number of people, thus helping to address unemployment situation on the continent. In this article, Yomi Kazeem explores this development.

The Kenyan government has successfully forced Telkom Kenya to exclude strategic assets from its proposed merger with Airtel Kenya. The two telecom companies are on the verge of creating a new telecom entity to compete with the dominant Safaricom which controls 31.8 million of the 51 million telecom subscribers in Kenya. However, the Kenyan government, which holds a 40% stake in Telkom Kenya, is opposed to giving Airtel (an Indian company) control of strategic telecom infrastructure, like fiber networks, on national security grounds. Telkom Kenya has since removed the fiber network business from the deal.

Kenyan software company, Angaza has partnered Uber Kenya to introduce a solar energy solutions for drivers in Nairobi. The initiative is part of Uber's Driver Rewards program in the country. Importantly, the initiative will provide financing options for drivers to offset the cost of acquiring the solar solutions.

Paystack is holding a community meetup in Egypt this Thursday, 18 July, 2019. The event is open to members of the local digital commerce community in Egypt, which include businesspeople, developers, bankers, or anyone curious about payments and ecommerce in Africa. Some notable individuals scheduled to speak at the event include Shola Akinlade CEO of Paystack, AbdelQader AbdelQader Founder of Al Maqarr Coworking Space and Fisayo Kolawole, Head of Business Expansion at Paystack. The venue for the event is Al Maqarr Coworking Space by 6pm local time. Click here to register.

From The Cabal + Canal+ recently acquired ROK Studios, the IROKO film making company that has produced over 500 movies and series since 2013. With the sale IROKO has given up control over a rich pool of African content. Idris Abubakar explores what it stands to gain from this deal. + Kwese Play has not been officially shutdown, but users are increasingly losing trust in the Kwese's services. We explore the cause of the recent disruption of Kwese Play services and what it means for the company.

You're now up to speed,

We'll see you tomorrow.   - Abubakar
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