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17 - 02 - 2020

Hello, welcome to another edition of TC Daily! Please take a moment to subscribe to our newsletter if this mail was forwarded to you. Also, join us on Telegram for all the hot takes and deep dives on Africa's technology sector.

Transferwise, a Flutterwave partner, is an affordable and fast way to send money abroad. Over 6 million people get the real exchange rate with TransferWise. Click here to start sending money.

Electricity bill, fuel and generator maintenance are some of the expenses Nigerian businesses deal with. Nigeria currently ranks 131 on the global Ease of Doing Business Index and a lack of electricity is a major reason. This is a story of how Big Cabal tried to solve its electricity problem; one many Nigerian businesses can relate with. If your business is considering a switch to solar, you'll find all the possible costs and what you can expect here. 

This week, our series on the tech experiences of Nigerians in interesting countries looked at Cote D'Ivoire.

It's one of the first Francophone countries this series has focused on and Ruz, a Nigerian who shuttles between Lagos and Abidjan says: Abidjan is Lagos that works. Think: good roads, no traffic and an airport with a defibrillator. 

With more than a decade of experience supporting over 13,500 African startups to scale, VC4A has created free courses together with today’s top experts on doing business in Africa. These are learnings that cover setup, finance, legal and beyond that you can’t afford to not grasp. Unlock the skills you need to take your business from an idea to a thriving investment-ready startup, starting today. To start earning your certificates, sign up here.

TC Insights: Last week, Daystar Power became the 8th company to join the Endeavor Nigeria network. What does that mean?

As we explain in detail here, Endeavor is a global entrepreneurship network that aims to identify and scale high-impact startups in diverse sectors. 

Membership attracts funding and networking benefits for entrepreneurs who pass through the various rigorous stages. After Flutterwave, which of these will Endeavor invest in next? Are you an investor or founder interested in getting access to free and premium TC Insights reports and analysis? Please fill in this form to let us know your interests.

Cairo-based last-mile delivery startup Bosta has raised a seven-figure (USD) Series A from the European parcel delivery giant DPDgorup. Launched in 2017, Bosta  provides businesses with next-day delivery, handles exchange shipments, customer returns and cash collection. The company does not own cars or trucks, utilizing a freelance network model similar to Uber and it says it handles up to 150,000 parcels monthly.  

"There are three things I never joke with: God, family and Lagos traffic."

Weeks after a ban on motorcycles and tricycles in Lagos, Abubakar Idris says the traffic situation is worse. In his article, he examines implications of the ban in the first couple of weeks. Unemployment, the strain of commuting on residents and the worry of insecurity are some of the issues his article considers.  

Do you have tech solutions to solve health challenges in Nigeria? Then participate to become the next #AfricaTech2020Challenge champion and win a trip to #VivaTech conference in Paris, France. Register NOW! Entries close February 21, 2020.

Here’s the link for the email. http://bit.ly/38n6MI4

Connect Nigeria is holding the 8th edition of its annual business fair on March 6th and 7th at the Tafawa Balewa Square (TBS), Lagos. This year's event is themed Vision 2020 and will feature panel sessions, pitch sessions, masterclasses, exhibition, networking and lots more. This is aimed at encouraging participants to take a holistic view of their businesses. The exhibition will host four hundred brands from various industries, showcasing their products and services to thousands of attendees. Learn more about the event and register to attend here.

Following complaints raised by residents about the difficulty of getting electricity credits at night, the Ghanaian government has launched a mobile app to makes the process easier. Vice President Mahamudu Bawumia in Kumasi, made the announcement during the week. The government says it is line with its efforts to do away with inefficiencies and corruption plaguing the power system.

At TC Townhall: Emerging Tech, TechCabal is holding a policy roundtable for entrepreneurs, policymakers, government officials and other stakeholders. The policy roundtable is a closed-door session (no video cameras) to help policymakers understand how best to support the blockchain (cryptocurrency) and AI economy. It will take place on February 28, 2020, at the Zone Tech Park, Gbagada Expressway, Lagos. If you are a policymaker, blockchain/AI innovator or stakeholder in the emerging tech space, sign up here so we can get in touch. Please note that limited seats are available. To attend the Townhall, click here to buy your tickets. Discounts apply for companies/individuals buying at least 5 tickets. Click here to enjoy our corporate discounts.
That's all folks!
See you tomorrow! - Olumuyiwa       Share TC Daily with everyone you care about!
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