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PRESENTED BY TEK EXPERTS
24 - 07 - 2019

Hello there! Welcome to today's 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.

A MESSAGE FROM OUR SPONSOR

Tek Experts, a leading, global provider of business and IT support services with presence in 7 countries, including Nigeria, is recruiting heavily for various IT roles in its Lagos office. Tek Experts provides service options that enables global teams work effectively by developing technologies that enhance customer experience. Whether it’s providing follow-the-sun software support services that deliver exceptional customer experiences, developing technologies that enable sales teams to increase and retain revenue or training and developing people to be the best they can be, Tek Experts’ focus is always on putting the customer first. Interested candidates can view available vacancies and apply here.

WhatsApp is now officially available on KaiOS, the lightweight operating system that is powering an increasing number of feature phones including the MTN Smart. Whatsapp has been available for select KaiOS over the last year, but the app will now be available for all KaiOS phones with 256MB or 512MB of RAM. Although feature phones are not quite powerful, the official WhatsApp for KaiOS supports messaging, calling and end-to-end encryption. The app will also come pre-installed on more phones by the third quarter of 2019. This announcement could make feature phones more attractive for locations with low purchasing powers like Africa, where features phones account for 61% (2017) of phone sales.

4Di Capital, a South African venture capital firm, has launched 4Di Capital III, a $9.4 million investment fund to invest in high growth tech startups. Founded in 2011, 4Di targets startups operating in sectors such as fintech, insurtech, e-health, edtech, agriculture. According to the company, 4Di Capital III will invest in South African startups who have plans to expand across Africa or other global regions.

Farmcrowdy Group, the Nigerian agrictech company is consolidating all its businesses under a single brand and corporate entity. The company presently owns Agricsquare; Farmgate, an agro commodities trading platform; and Farmcrowdy, the crowdfunding platform. Under the new arrangement, these companies will simply be known as Farmcrowdy and will operate as divisions within the newly restructured company.

Amazon is expanding its Amazon Web Services (AWS) cloud operations in South Africa. The American company is on course to open a new AWS Region in the country by early 2020. The cloud infrastructure will allow companies process their data within South Africa, and will reduce latency for users in the Sub-Saharan Africa region. Flowing from this, Amazon has announced it is hiring 118 positions in South Africa. Available positions include UX designers, data scientists and security experts.

African venture capital firm, Oui Capital has signed a two year partnership with IBM, the American company to provide $120,000 worth of cloud credits to 10 startups. The cloud credits will be used to support the VC firm’s portfolio companies. Currently, the firm is invested in two startups, but plans to increase this to six.

After selling ROK Studios for an undisclosed amount to Canal+ Group, IROKO's Jason Njoku, in this article, provided some explanation and insights about what the deal represents and and how cash from the sale will boost his company's distribution businesses..

EFInA hosted a free event and webinar to share the key findings from the Global and Nigerian Fintech Landscape survey conducted at the end of 2018. The sessions provided key talking points from the survey on the fintech ecosystem, investments in fintech globally, key success factors for fintech companies to thrive, and ways identified to improve financial inclusion through the fintechs. Here are the answers to all the questions from the webinar.

Moroccan fintech startup, SOS Credit has secured an undisclosed round of funding. The investment was raised from SEAF Morocco Growth Fund (SMGF), a global impact investing firm. SOS Credit is an online mortgage brokerage firm. It helps users obtain tailor-made financial advice and compare different offers for free. The new funding will be used to support its growth within Morocco.

GSMA, the global telecom trade body, has signed a partnership agreement with the UK’s Department for International Development (DFID). Under the agreement, the DFID will provide $38 million funding GSMA’s Mobile for Development (M4D) activities. M4D helps to spur innovations that tackle issues around inequalities across the world. The new funding will boost M4D’s goal on digital inclusion, digital identity, energy, water, sanitation and the reduction of the mobile gender gap.

Uganda-based media platform, Digest Africa is starting a WhatsApp group for venture capitalists and angel investors from across the African continent. Peter Kisadha, co-founder of the media company, disclosed that members of the WhatsApp group will share quick & interesting insights on a weekly basis. Interested investors can join the group by sending a message to this peter@digestafrica.com.

From TechCabalThe Nigerian government recently signed a roadmap agreement with Germany's Siemens AG to tackle electricity problems in the country. In this article, I provide insights about what this means and how the roadmap has been designed. +  Berlin-based startup, Ecoligo which provides solar systems to commercial and industrial businesses in emerging markets, has raised 2.5 million euros from Saxovent, a clean energy project developer and investor. Olanrewaju writes that the startup will use the funds to scale up its operations in Ghana and Kenya.

Thanks for reading,

See you tomorrow.   - Abubakar
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