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TechCabal Daily – Rensource is making renewable energy great again

19th December 2019









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TOGETHER WITH AFROBYTES AND FLUTTERWAVE

19 – 12 – 2019

Hi there! Thank you for joining the today’s edition of TC Daily. Please take a moment to subscribe if you haven’t. Also, join us on Telegram. Don’t miss out on all the tech news and analysis on digital innovations from around the continent!

The countdown to Afrobytes 2020 is on. Afrobytes is the premier event that brings together entrepreneurs, innovators, investors, and more to explore business opportunities between the African tech ecosystem and players in the global tech world. Here are key reasons why you should attend Afrobytes 2020:

  • Finance: pitch world-leading Africa-focused tech funds
  • Network: connect with global companies and African tech leaders
  • Scale: find tech partners at the largest startup campus
  • Feature: talk to international media covering African markets

Get your early bird ticket here

88 startups in Africa have raised more than $1m+ Funding in 2019.

It’s been an interesting funding year for startups in Africa with 88 of them raising $1m or more individually in 2019

What are some of the names on the list?

Andela, SolarNow, FarmCrowdy….

Check out the comprehensive list here. 

There’s even more good news for entrepreneurs…

The African Development Bank (AfDB) has approved a grant of US$5 million to enable the Tony Elumelu Entrepreneurship Programme (TEEP) to scale up its outreach and impact to 1,000 select youth entrepreneurs.

How will this help the foundation?

It will help the Tolu Elumelu Foundation move closer to its goal of identifying, training, mentoring and funding 10,000 African entrepreneurs by 2024.

South African Companies are in love with Mara Smartphones

Remember Mara Group? 

They’re one of several companies which lay claim to being Africa’s first indigenous OEM. With AfCfta in the works, Mara Group will be looking to Africa to help push adoption.

Now South African Companies are backing the Smartphone maker.

Nedbank, Vodacom and now retail giant Pick n Pay are among the growing list of South African companies to back the locally made Mara phone.

What does it mean for the company? Read all about it here. 

A MESSAGE FROM OUR PARTNER

MallforAfrica provides a platform for Africans to purchase items directly from international online retailers – companies that, otherwise, would be inaccessible to the African population. By powering MallforAfrica’s payments, Flutterwave gives users access to hundreds of US and UK e-commerce retailers and more than 8.5 billion products combined.

Start shopping here.

“Our  focus is on the millions of small-businesses that drive our economy.”
-Ademola Adesina (CEO, Rensource)

Rensource is making renewable energy great again….

The renewable energy startup which serves an estimated 60,000 SMEs is looking to break into offline to online commerce. 
To this end, the company has conclude a $20m funding round to boost its capacity to provide technology-enabled power solutions in Nigeria.

Is there an opportunity here?

There sure is. Nigeria’s electricity grid has collapsed 11 times in 2019 and the country has power needs that the government and private enterprise can’t seem to solve. 

How are they going to tap into this?

Alexander Onukwue talks about the company’s big plans here. 

Remember how betting isn’t allowed in Saudi Arabia? 

Nigeria has no such problems. TechPoint reports here that betting has never been more popular. …

According to Alexa’s Ranking, Bet9ja, 1Xbet and Sportybet are among the 50 most visited websites in the country. 

Any other newsworthy thing here?

It gives some context to Nigeria’s Federal Government’s plans to start taxing individual punters in Nigeria. 

 

MTN is giving MoMo another go in South Africa 

Years after MTN and Vodacom (with M-Pesa) launched mobile money services in South Africa and failed to gain traction, MTN is ready to try again…

The mobile operator said in a statement on Wednesday that the service, which will be available by the end of January, will allow customers to send, receive, save and spend money as well as pay for goods and services using their mobile phones.
Read all about it here.

 

Finally…

Everything we do at TechCabal is for you, dear reader, and as 2019 inches to a close, we’d like to hear from you.

What do you like about our work? How can we improve? Please let us know by filling this form.

Tell your friends to tell their friends.

Can it be 2020 already?
Hang in there!
 
– Olumuyiwa

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