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Welcome to today’s edition of TC Daily. If this mail was forwarded to you, please take a moment to subscribe so you don’t miss out on future editions.
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| A MESSAGE FROM OUR SPONSOR |
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| This Ramadan, the African Alliance Takaful plan is bringing families together and promoting the value of mutual cooperation for better livelihoods. Takaful is the gift and encouragement you give the next person to ensure that they live the quality of life they deserve, because it is your duty to care. Give us a call today on +234 806 630 9476 to help you plan your next Ramadan with the Takaful plan. #SpreadKindness with #AATakaful |
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South Africa Reserve Bank (SARB) is looking to develop a central bank digital rand for the country. The central bank has issued a document calling on prospective solution providers to contact the body in relation to a feasibility study it launched in 2016. The study will seek to validate technical solutions with the development of the digital currency and also highlight participation channels with other financial industry players. According to SARB, the conclusion of the feasibility project will either result in the launch of a digital currency issued by the bank itself at one-to-one parity with the rand or enable it provide regulatory frameworks around the central digital currency.
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What started out as a Russian social network comprising a group of indignant taxi riders that culminated in a ride hailing app present in more than 200 cities has launched in South Africa. inDriver says it already has 3,000 registered drivers in Johannesburg and following its success there and in Tanzania, hopes to expand across more African cities. Unlike other ride hailing services, inDriver allows riders set their desired fare price and drivers can either accept, haggle or decline a ride depending on the fares set by the rider.
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Motorcycle taxi-hailing company, GoKada, has launched a rapid response service, G-Medic. The service will provide first aid treatment to accident victims before they are transferred to health care centers for full medical attention. Rapid response in Lagos in the event of an accident is still problematic especially with the almost constant gridlock traffic situation around the state. GoKada clocked 2 earlier this year and launched a training school for riders with plans to train a first batch of 500 starting April. The company says it now completes about 5,000 rides in Lagos daily.
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She Leads Africa is building Africa’s largest female-focused media company. They’ve just closed a seed round and are hiring. If you’re interested in joining one of Africa’s fastest-growing startups click here.
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Facebook says it detected election interfering activities from dozens of accounts which they have traced to be originating from an Israeli entity, Archimedes Group. The activities were targeted at primarily West African countries including Nigeria, Senegal, Togo, and Niger. The social media company has since shut down 65 Facebook accounts, 161 pages, 23 groups, and 12 events. It’s also banned Archimedes Group and all of its subsidiaries, who advertise themselves as social media marketing consultants relating to elections.
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Nigeria’s TechCircle invites applications for its PITCH2WIN competition whose goal is to identify the next generation of tech startups and provide them a platform and opportunity to win US$2,500 equity free prize money. Click here to apply before June 12.
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Kenyan startup Fundis, has raised an undisclosed amount of seed funding from the Kenya-based Kuria Capital, through the Kuria Innovation Fund. Fundis connects users with the informal service sector and plans to scale its business operations in Nairobi with the investment.
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Liquid Telecom Kenya has launched a Microsoft Cloud service in East Africa. The new Azure Stack service, hosted in private cloud nodes in Kenya and Tanzania, will allow companies to run a private Microsoft cloud within East Africa, rather than at one of Microsoft’s 54 public data centres located outside the region. The service will not only improve data transmission times for these businesses but also a secure transmission framework for the region’s most sensitive databases.
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Co-Creation Hub in partnership with Google For Startups will embark on its Pitch Drive II tour with 10 startups leveraging deep technology come August. They will travel through 5 Asian cities for 14 days engaging with deep tech communities, exploring funding opportunities and forging beneficial business relationships. Apply before May 20 to be part of the all-inclusive tech tour of Asia.
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| GRICD Frij has emerged winner of the Africa Fintech Foundry Disrupt 2019 startup pitch grant at the end of this year’s AFFDisrupt conference. The startup, which provides affordable & active cold chain devices for efficient storage of vaccines, blood & other health/agric products received a US$10,000 grant at the end of the pitch competition with four other startups. |
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| Exponential technologies are going to build the world of the future, says Judith Okonkwo, founder of Ìmísí 3D Lab. And she’s making sure African voices are part this future in spite of the challenges. |
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| The health tech sector in Nigeria is 15 years old. So far, US$7.88 million has been invested in the sector, with the earliest funding received in 2014. There’s more in The State of Health Tech in Nigeria. Get the full report here. Kindly note that we are also accepting bank transfers for purchase of the reports. If you’d like to purchase the report through a bank transfer, also send a reply to this mail and we will attend to your request. |
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Have a great weekend!
We’ll see you next week.
– Kay
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