Companies to develop and deploy metering technology and devices to operators
in partnership with FLUTTERWAVE & RENSOURCE ENERGY 29.05.2020
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PARTNER CONTENT
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MOBILITY
Rwanda's government is gradually easing lockdown restrictions and international flights are set to resume in July. To reduce risks of transmission via currency notes, the government is enforcing cashless payments and the use of meters for taxi operators in the country's capital, Kigali.

This will not be the first time the government has mandated the 'digitising' of their transactions, Alex Onukwue writes. Initially, the injunction had been to reduce haggling between drivers and their users.

Firms like Yego Moto, Pascal Technology and Mara Group are rolling out  metering technology and drivers through the 146 Moto co-operatives in the country will access and install the GPS-enabled devices in their vehicles to calculate fares based on distance and receive payments through mobile money operators like Airtel and MTN.
BROADBAND
The Nigerian Communications Commission (NCC) says it will withdraw unused frequency spectrum previously licensed to any telecoms across the country. Non-utilised or under-utilised spectrum is one of many factors that limit broadband penetration and speeds in the country. In the New Broadband Plan (2020 - 2025), provisions have been made to ensure that any non-utilised spectrum is fairly traded to facilitate rollout by other operators.

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GAMING
Gaming development startup Carry1st has raised a US$2.5 million seed round to develop and publish new content and expand its distribution channels. The funding round was led by CRE Venture Capital with participation from Perivoli Innovations, Chandaria Capital, Lateral Capital, Transsion’s Future Hub, among others.

The global gaming industry is thriving at the moment . Asian gaming giants Nintendo has seen a remarkable 41% increase in revenue, while Tencent's year-on-year online games revenue increased by 31% in the past months. New game downloads according to data from Comcast have since increased by 80%. However, as a result of lockdowns and break in supply chains, temporary manufacturing delays as well as segments of the gaming industry dependent on Live events are being affected during this period.
APPLY
Applications are open for the BongoHive annual FinTech Challenge, which aims to identify and develop fintech entrepreneurs to boost financial inclusion. It closes on June 10.
FINTECH
Safaricom and its parent company Vodacom are looking to buy into the government's 40% stake in state-owned Ethio Telecom as a way to expand its mobile money services into the country.

The Ethiopian central bank has, in the past, kicked against foreign mobile money operators being allowed to play in the country's mobile money space. However, recent moves by the government shows attempts to release state-held monopolies across various sectors like telecoms and aviation through private investments.

Safaricom will be looking to replicate its Kenyan success with M-Pesa in the country's mobile money space where innovation and adoption have been stifled by monopolies.
REPORT
TechCabal is pleased to announce the launch of our report, the Future of Energy in Sub-Saharan Africa, created in partnership with Stears Data. The report provides an in-depth analysis of the patterns & drivers of off-grid renewable electrification in Sub-Saharan Africa. It helps investors, operators, and policy-makers to better understand the conditions that precede and promote the rapid adoption of off-grid renewables and where they can be found on the continent. The report also uses maps to visualise the markets for electricity, solar PV technology, and green mini-grids in the region. You can preview the report here. The full report is available for purchase here.
That's all for today,
Have a good weekend!
- Kay

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