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17 - 09 - 2019

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In an unexpected turn of events, BudgIT co-founder Seun Onigbinde has resigned from his just appointed technical advisory role. Since Onigbinde's appointment as Technical Advisor to the Federal Ministry of Budget and National Planning, a cloud of controversy has trailed the announcement following a disabled Twitter account on September 12. "It is clear that recent media reports about my appointment have created a complex narrative, which I believe would engender an atmosphere of mistrust, as I planned to proceed", he said in an updated blog post yesterday.He resumes his role as Director of BudgIT where he will continue "to build civic awareness on the right of every Nigerian to know how public resources are managed."
Solar power company Nadji.Bi Gambia and Rwandan software development firm Exuus are the recent startups to emerge in regional Seedstars pitch events in Banjul and Kigali respectively. Both will join other regional winners to compete at the Seedstars Africa summit which will be held in Johannesburg in December to compete for a chance to win a spot at the Seedstars Global Summit in Switzerland.
Here are some tech events happening in South Africa, Nigeria, DR Congo, Liberia and some other parts of the continent this week.
Our friends (or brothers and sister?) at Zikoko are going on a trip of a lifetime. From September 22, Fu'ad, Kayode and Toke will travel from Lagos, Nigeria in a bus, through Benin, Togo, Senegal, Mali, across West Africa and back. It's 80 days, 14 countries and lots of experiential stories around culture, cuisine, music, and everything in between. Check out http://jollofroad.com for more info and to follow them on this epic adventure.
As part of  events at the 2019 Techne Summit is the launch of the Mediterranean Business Angels Network. The network aims to bring together a large number of business angel networks, groups, funds as well as individual angel investors from across the region, and with relevant funds from the EU, Africa and Middle East and North Africa regions, help close more deals and launch an accelerator programme.
Paris-based fintech startup, FairMoney, has closed a US$10 million Series A round of investment led by Flourish, a venture of The Omidyar Group. FairMoney began with mobile lending but is expanding its service offerings to build a full-fledged digital bank for emerging markets. The firm says the funds will help scale its engineering team in order to develop a fully-fledged mobile banking offering in Nigeria and beyond. Just a few days ago, Kuda announced it raised a US$1.6 million pre-seed round in readiness to launch the live version of its fully digital bank. Both fintech companies boast of over 200,000 customers and together with startups like Lidya, will now compete for market share in the country.
Carbon (formerly Paylater)  is seeking a Country Business Lead to launch its operations in Kenya.The Country Business Lead for Kenya will establish and lead a successful digital bank business in Kenya. The individual will be in charge of developing and implementing the country product road map and building a local team for Carbon. Learn more and apply here if this is up your alley.
Join Ridwan Olalere, Director of Operations, ORide by OPay, at the TC Townhall: Mobility, a forum about the future of Africa's transport and logistics tech sector holding on the 27th of September, 2019. The most knowledgeable and influential mobility entrepreneurs, investors and policymakers will gather to explore, discuss and define the potential of Africa’s mobility sector and the challenges. Get tickets to the event via this link. Companies and individuals buying at least five (5) tickets can get a 20% discount here.
In a world of websites, drives and a myriad of data storing tools, Wole Olayinka writes that Nigeria's historic archives are on the brink of extinction as its custodians are yet to get on board with digitising the information they hold in various parts of the country.
Long time no Eskom. A plan to establish the world’s largest green-energy financing initiative is being threshed out in South Africa with a two-pronged result in view: find innovative ways to fund the debt-stricken state power utility Eskom Holdings SOC Ltd. and reduce the country's greenhouse emissions by as much as 42% come 2025. The plan being formulated by Meridian Economics, a Cape Town-based think tank, is under consideration by the government. Implementation of the plan would be contingent on the government following through on a commitment to break up Eskom into generation, transmission and distribution units, a plan President Cyril Ramaphosa announced in February.
That's it,
We'll see you tomorrow - Kay
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