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17 – 01 – 2020

Welcome to today’s edition of TC Daily. Also in this edition: another good news from Jumia Group and five Zambian fintechs to watch. Please subscribe to our newsletter if you are yet to and join us on Telegram as well for all technology stories from across Africa. 

The Next Chapter for Wellness is a unique financial wellness proposition that combines the scientific discipline of banking expertise, with the emotional influence of attitudes and behaviours. 

Thanks to Flutterwave, TNC is able to empower employees, entrepreneurs, and just about anyone with strategies, plans and coaching that enables them to take charge of their financial wellbeing. Take charge of your financial wellbeing here. Link:

Eleven startups from six African countries will pitch to investors at the Africa Startup Summit in Kigali. The startups are: Bag Innovation (Rwanda), OkwuEco (Nigeria), M-Lugha App (Kenya), HouseAfrica (Nigeria), MarketForce (Kenya), The Awareness Company (South Africa), Limestart (Nigeria), M-omulimisa (Uganda), Talents Arena (Egypt), ThankUCash (Nigeria), and Riby (Nigeria).

The Africa Tech Summit will hold from the 5th to the 6th of February, 2020. It will feature more than 600 stakeholders from the tech ecosystem. Disrupt Africa is powering the summit. Tom Jackson, the tech publication’s co-founder, says the summit’s focus is to provide startups opportunity to be on “stage in front of an expert jury panel and hundreds of potential investors, corporate partners, and customers.”

Five out of the eleven startups are Nigerian. Two – ThankUCash and Riby – catch our eye because of the early-stage venture capital firm that more or less discovered and initially backed them for success. Read more about Microtraction’s strategy for identifying ‘remarkable’ founders.

Your obligatory Jumia update…

The e-commerce giant has hired Diana Owusu-Kyereko as the CEO for Jumia Ghana, replacing Ore Odusanya who had been the country manager since 2016. Owusu-Kyereko was the chief commercial officer (CCO) for Jumia Kenya, Techpoint reports. She holds degrees from  the London School of Economics and Political Science, and from the University of Leeds.

Why you should care: Jumia Group, despite all of its troubles (and there were many) in 2019, is refusing cower. The size of the famed brand was cut down to 12 last year. But they’ve begun 2020 on an upbeat note; first launching an advertising arm, and now making this optimistic move in Ghana. Sceptics will say they are papering over glaring cracks but Jumia’s state of health is not bad on every score. They want, above all else, to prove that they are capable of rebounding from the annus horribilis that was H2 2019.

Looking for tech entrepreneurship prizes and competitions to enter for? From the Ocean Innovation Challenge to the Margaret 2020 Awards, the first quarter of 2020 holds some interesting challenges that could be worth your time. Time to fine-tune that deck and revisit those total addressable market estimates!

Three certainties await every about-to-be-adult Nigerian: death, fuel queues and mandatory SIM card registration. The latter, for many, has had to happen more than once. What has been the implication of this, considering many agents who carryout SIM registrations have little or no regard for data privacy? Kay Ugwuede looked into this troubling issue of SIM registrations, in light of a report casting Nigeria in bad light with respect to biometric data protection.

Five Zambian fintechs have been selected for the inaugural cohort of the FinTech4U accelerator programme. They are: SafePay Zambia, Digital PayGo, Aretech, Edupay and Virtual Space. The programme is a collaboration of the United Nations Capital Development Fund (UNCDF) and the BongoHive Innovation and Technology Hub.  Each of the startups stands to receive up to $3000 to pilot and improve their product for the Zambian market and beyond, Venture Burn reports.

The countdown to Afrobytes 2020 continues. 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

Applications are now open for the fourth edition of Digital Lab Africa (DLA). It is an acceleration programme for creatives and cultural entrepreneurs from across Sub-Saharan African countries. It focuses on five areas where culture and technology intersect: immersive realities, video games, music, animation and digital art.

Beyond training and mentorship, winners will be offered a residency in France and will stand to participate in esteemed events such as Annecy Animation festival, New images, Paris Games Week or Les Nuits Sonores in France and the Fak’ugesi African Digital Innovation Festival in South Africa. Interested? Apply here.

Edustart Summit 3.0 holds on Tuesday, January 21, 2020 at Covenant University, Ota, Ogun State, at 10 am. Past editions have convened over 2,000 industry experts, policy analysts, tech enthusiasts, educators, and students, with a focus on Quality Education (SDG 4). Speakers for this year include Dr Akinwumi Adesina, President of the African Development Bank; Prince Dapo Abiodun, Governor, Ogun State; AAA Atayero (Vice Chancellor of Covenant University), Isreal Ovirih (CEO of Banklink), Yomi Adedeji (CEO of Softcom), among others. Learn more about the event here and register here.

Over the past year
, we’ve brought together industry stakeholders, policymakers, investors and key sector players in various sectors from healthtech to edutech to spur conversations about these sectors and explore new opportunities and/or collaborations. 

Come February 28, 2020 the next TechCabal townhall will focus on:
Emerging technologies including 5G, Artificial Intelligence, Augmented Reality/Virtual Reality, Cryptocurrencies, Robotics and 3D Printing. TC Townhall: Emerging Tech will examine how these technologies are changing (and will change) how Africans live and do business.

Want to attend?
Indicate interest by filling this form. Are you a member of the press, fill this form to qualify for a pass. Do you have a startup or project with any of these technologies at the core? Tell us about your project or startup here

Have any ideas about the event or suggestions about speakers? Send us an email via and we just might make your wish come true. For sponsorship inquiries, please email Chidi via

Look out for our quiz around lunch time today. Did you find out which tech company suits your personality? Make sure you do, and share!

That’s it for this week,
See you Monday

– Alexander

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