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BROUGHT TO YOU BY VERIFYME NIGERIA AND FRIENDS OF NIGERIA
02 - 09 - 2019

Hello! Welcome to today's edition of TC Daily! If this mail was forwarded to you, please take a moment to subscribe and have this delivered directly to your mail box every weekday. 

A MESSAGE FROM OUR PARTNER

VerifyMe Nigeria, a verification platform that enables seamless, real-time ID verifications backed by the Nigerian Identity Management Commission (NIMC), Bank Verification Number (BVN) and Federal Road Safety Commission (FRSC) Driver’s Licenses, has launched the first integrated ID Verification and KYC platform in Nigeria.

The MVP offers organizations a solution that takes away the problem of not knowing enough about their customers to approve them for services. Loan/service providers, employers and landlords can benefit from VerifyMe OneIdentity Report which delivers real time ID authentication with secure last mile verification checks that meet CBN tier 3 and international Anti-Money Laundering (AML) directive standards. It is supported by a guarantee of trusted and secure data, with built-in technology surveillance systems to prevent fraud during data collection. Log on to www.verifyme.ng to verify an ID now.
Carbon, the Nigerian fintech, is expanding to Kenya. Chijioke Dozie, the CEO of Carbon’s parent company, OneFi, recently announced that the company is recruiting a country manager to help them kick start operations in Kenya. The East African country will become the startup’s third market as it already operates in Ghana and Nigeria.
Submarine cable operators in Africa are at risk of losing control of the region’s $1 billion industry to competition from companies like Google and Facebook. The two digital companies have been relentless in their quest to lay high-speed fibre cables across the African continent. Their goal is to reduce data latency rates and cut connectivity costs for Africans. However, this Guardian Nigeria report says these actions could reduce revenue for the region’s cable operators and reduce further investments in this market. There’s also speculation by some industry insiders that the two American companies could partner with selected local companies to create a monopoly on the use of the fibre cables.
As the digital economy continues to grow, it is forcing a change in the telecom industry. The digital economy is data-centric and means telecom operators would need to spend on data infrastructure that provides “less reward” than voice and SMS infrastructure. This article by Russell Southwood and Steve Song recommends how telecom regulators and operators can adapt or rebalance in order to benefit from this change.
Zimbabwe’s Econet Wireless is has ordered for over 520 Powerwall batteries from Tesla, the US-based energy and automobile company. The order was made following persistent power failures in the southern Africa country. Power blackouts last up to 18 hours per day and risked having an impacting on Econet’s telecom services and mobile money operations. The newly ordered Tesla batteries will serve as backups in the telco’s base stations particularly at night when solar panels are not generating electricity.
A MESSAGE FROM OUR PARTNER

Register to attend the 4th edition of the Spotlight Nigeria Business Forum.

The event is hosted by Friends of Nigeria with the support of the Embassy of Nigeria Paris. Strategic partners include: the France Nigeria Chamber of Commerce & Industries (FNCCI), Paris Chambers of Commerce and Industries, ADEPTA (a network of top Agriculture companies in France), PwC, Council of Investors in Africa (CIAN), Nigeria Export Promotion Commission (NEPC), Nigeria Investment Promotion Commission (NIPC), Netherlands Africa Business Council (NABC), Business France, French Foreign trade advisors, amongst others. To register, visit: https://spotlightnigeria-france.com/participant-registration/
Japan and the African Development Bank have announced a joint plan to commit $3.5 billion to support inclusive and sustainable growth in Africa. The new funding target is part of the Enhanced Private Sector Assistance for Africa initiative (EPSA4) and was revealed at the 7th Tokyo International Conference on African Development (TICAD 7) on Friday. Under EPSA, Japan and the AfDB will co-finance multiple projects that are beneficial to the continent. In the last 14 years, both parties have set EPSA targets and have financed around 25 projects in the transportation and power sectors of African countries.
The 10 startups participating in the #PitchdriveAsia Tour are presently in South Korea after pitching at the Tokyo International Conference on Africa Development (TICAD). Organised by CcHUB in partnership with GoogleforStartups, the startups will continue to two other Asian cities known for their deep tech and hardware ecosystems. In this article, Kay Ugwuede captures how the first week of the tour has been and what activities the startups have participated in. You can learn more about the tour here and sign up to follow their activities. You can also keep up with the tour on Twitter by following CcHUB or by using the #StoriesFromPitchDrive and #PitchDriveII hashtags.
The World Economic Forum (WEF) has launched the Africa Growth Platform to help African startups grow and compete in the global business environment. The initiative will use three measures to attain its goal. First, it will convince governments to make reforms that support business growth. Second, it will build an investor community comprising of private investors and multilateral institutions, among others. And third, it will build a community for startup businesses for easy collaboration and knowledge sharing.
Internet trolling may seem like a harmless and fun behaviour online. But Wole Olayinka writes that certain trolling episodes could easily translate to cyber-bullying and have legal consequences in Nigeria.
Commitment to customers is an important thing in business. Printivo's Oluyomi Ojo shared an interesting experience about what he and his company had to do just to deliver one customer's order to the United Kingdom. He narrated that after being disappointed by their logistics partner, they "switched from being a shiny eCommerce printing business to a proper airport Agbero business" just to fulfil the order.
 

That's all for now,

We'll see you tomorrow.   - Abubakar
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