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28 - 02 - 2020

Hello there! Hope your morning is off to a great start. Welcome to TC Daily! If this email was forwarded to you, please take a moment to subscribe. Also, join us on Telegram for all the hot takes and deep dives into Africa's technology sector.

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Thursday's newsletter started with news of Jumia’s share price closing at a record low of $3.99 so it's great to kick off the weekend with a little more cheer.  MTN Ghana has increased its subscriber base by 12.3%. It means the Telecoms company now has 22.6 million subscribers and a 55.21% share of the market.  Two words: Market leaders Read the story here.
In South Africa, Fintech company, JUMO has raised $55 million  JUMO was founded in 2014 by Andrew Watkins-Ball and has previously raised funding from LeapFrog investments, Anthemis Group and Vostok Emerging Finance. The company has now raised $55 million from LeapFrog investments, Goldman Sachs and Odey Asset Management. JUMO will be looking to launch new products in Africa and Asia as well a expand into new markets. 

Kenyan communications company, Safaricom, has signed a deal to resell Amazon Web Services in Kenya.

Here's a soundbite from Safaricom's CEO, Michael Joseph: “We chose to partner with AWS because it offers customers the broadest and deepest cloud platform, overall commitment to security excellence, and a strong culture of customer obsession. This agreement will allow us to accelerate our efforts to enable digital transformation in Kenya,”  Read the full story here. 
Ethiopian startup, BeBlocky has developed a gamified app which teaches kids how to code.  "Africa is a skills gap" is almost an aphorism and companies like SemiColon and Andela are upskilling individuals by teaching them how to code. But BeBlocky is taking a different approach, focusing on children within the age of seven to fourteen and presenting code concepts in graphical puzzle-style programming blocks.  Here's all the awesome stuff the company is up to. 
Budding African entrepreneurs are faced with a myriad of business challenges,
like raising capital, accessing markets and finding mentorship. Come, discover how to tackle these challenges plus more, at the Harvesters Entrepreneurs Forum on Saturday, February 29, 2020. Click here to register free. (www.hef.harvestersng.org)

How do IT salaries in South Africa compare to Amsterdam?

Spoiler: Amsterdam has a higher average salary for workers in IT.  South Africa has a major skills shortage, and qualified professionals are continuing to leave in search of better opportunities overseas.  MyBroadband made a comparison of job roles in South Africa and Amsterdam and here's what they found. 

It's D-day and we hope you are as excited as we are about today's TC Townhall: Emerging Tech.

The event holds at Zone Tech Park, Plot 9 Gbagada Industrial Scheme, Beside UPS, Gbagada Expressway. The doors will open by 9:00 am prompt and we'll be serving breakfast. 

There'll be a number of interactive exhibitions at the event and it promises to be our best townhall ever.

For additional information on what to expect tomorrow, please see the final agenda for the event here.

Traffic Advisory: Please note that there is ongoing road construction along Gbagada Expressway. Kindly endeavor to leave home earlier than you normally would so you will arrive at the venue on time. We advise leaving 2-3 hours earlier than you normally would depending on where you are coming from. Also, please use Google Maps for the best route.
That's it for today,
See you at the TC Townhall!  - Olumuyiwa       Share TC Daily with everyone you care about!
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