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14

Before you buy the Tecno Pop 7 (BF6)

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Tecno Pop 7 is a smartphone that tries to blend affordability and essential features. But here's what you should know before you buy it:

11

Exclusive: Mobility startup LULA acquires Zeelo’s South African subsidiary

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Zeelo, which launched in South Africa in 2019 and has raised $33 million, is leaving the country to focus on its US, UK, and Ireland markets.

09

????????‍????TechCabal Daily – E-SIMs are coming to Egypt

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In today’s edition: Maxoko is finally coming || Egypt to introduce e-SIMs in two months || South Africa introduces new smart IDs || Ethiopia and UAE sign local-currency swap worth $817 million

Tuesday, Jul 16

20

A profitable union: How banking agents helped OPay and Moniepoint distribute 17 million cards

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OPay and Moniepoint, arguably Nigeria’s two biggest neobanks, sell cards to agents for ₦100, who then sell the cards to customers for ₦1,000.

19

Swedfund grants Access Bank Nigeria $30 million loan to support SMEs

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“This facility not only enhances our capital reserves, but also strengthens Africa's trade capabilities and export potential," said Roosevelt Ogbonna, MD/CEO of Access Bank Plc, at a signing event held in Hague, Netherlands. "Putting these…

Food delivery apps are saving $100,000 yearly by choosing cheap communication apps

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In 2023, one food delivery app saved over ₦40 million monthly in operational expenses by moving its drivers off the work messaging app Slack.

18

Seychelles, South Africa rule Africa’s blockchain roost with 95% of funding

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Seychelles is finalising a legislative framework for virtual assets while South Africa recently licensed over 100 crypto companies.

17

Next Wave: AI is not a product

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Unlike previous waves of technology, such as the Internet, which had an immediate and obvious impact on the economy, AI does not actually allow anyone to do things that were not before possible.

15

They’re not copycats, they’re smart iterators

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Successful tech startups worldwide often emerge as locally-relevant replicas of what works elsewhere because 'smart iterators' in emerging markets adapt proven business models.

14

Want your rice with a side of ads? Chowdeck is working on an ad product

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For the rollout of Arya Starr’s album ‘The Year I Turned 21,’ her record label Mavin made an unusual marketing choice: adverts on the food delivery app Chowdeck.

12

Running out of steam? Kenya protests are off to a slow start in fourth week

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It will count as divine intervention for President William Ruto, who asked for prayers on Sunday as public support for his government reached critical lows.

09

????????‍????TechCabal Daily – Uncovering South Africa’s finfluencers

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In today’s edition: IHS Towers market value dips by $6 billion || South Africa to monitor financial social media influencers || Skincare marketplace Uncover raises $1.4 million || HostAfrica acquires Kenya's deepAfrica

Monday, Jul 15

20

Kenya ride-hailing strike: drivers demand fair pay, pricing power

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Their primary ask is to have a say in pricing. Since drivers handle expenses like insurance and parking fees for their cars, they want inclusion in Uber and Bolt's pricing decisions.

17

IHS Towers market value dips by $6 billion since 2021 NYSE debut

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It has suffered a reversal of fortunes with losses increasing twenty-fold to $470 million in 2022 and climbing again to $1.9 billion by 2023 as operational and finance costs soared.

15

Nigeria’s inflation quickens in June as pressure to cut interest rates mounts

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Nigerian billionaire Aliko Dangote told reporters on July 3 that no growth could happen while interest rates remained at 30%. It’s a position held by many government insiders who believe CBN governor Cardoso—who has raised interest rates…

11

Skincare e-commerce startup Uncover raises $1.4 million to expand into Ghana and Uganda

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This is Uncover’s third funding round. It raised $100,000 in a 2021 pre-seed round from Antler VC and a $1 million seed round in 2022. In its latest funding round, Uncover provided exits for early investors through a secondary sale,…

09

Ruto asks for prayers as Kenyan protests enter fourth week

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President Ruto, who has made significant concessions in the last two weeks, appears genuinely puzzled at how quickly public anger has calcified

Saturday, Jul 13

17

Founders continue to raise debt as funding decline persists, according to the State of Tech in Africa report

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Founders only raised $779.7 million in H1 2024, the lowest amount since 2020. Over a quarter of this funding was from non-equity raises; debt deals, and grants.

13

Jumia’s market cap rises past $1 billion as Wall Street renews confidence in the e-commerce company

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Jumia’s share price closed trading at $12.08 on Friday, compared to $8.46 on July 8, lifting its market value to $1.32 billion.

Friday, Jul 12

09

????????‍????TechCabal Daily – Ruto the Executor

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In today’s edition: President Ruto overhauls his cabinet || Nigeria wants 4,173 BDC operators to rename their businesses || South Africa has new rules for telecoms || Funding Tracker

Thursday, Jul 11

17

Why Africa’s EdTech sector must focus on job creation

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“We need tech skills to transform our continent," said Hendrina Doroba, a division Manager for Education and Skills Development at the AfDB. "We must begin to assess our preparedness for the future."

The true cost of convenience: Why you pay more when you order food online

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It’s a delicate dance but restaurant owners are now familiar with the steps: pay the commission—which typically ranges from 10-30% per order—and reduce already meagre profits or pass on all or part of the commission to customers who order…

15

Breaking: Ruto dissolves entire cabinet with immediate effect

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“I have decided to dismiss with immediate effect all the cabinet secretaries and the Attorney General of the cabinet of Kenya, except the prime cabinet secretary and cabinet secretary for diaspora affairs."

12

Exclusive: How a six-week freeze on customer onboarding slowed card demand for OPay and Moniepoint

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"We were very aggressive when we launched cards in 2021. Naturally, the pace at which it was growing two years ago is not the same now. It’s the law of diminishing returns."

08

????????‍????TechCabal Daily – South Africa’s cybersecurity woes

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In today’s edition: Local cloud service provider hit with ransomware attack || Access Bank to raise $233 million || $16.5 million has been stolen from South African taxpayers || Huawei wants to launch a smart village in Uganda

Wednesday, Jul 10

21

Tanzania’s Amsons offers $182.89m to acquire Kenya’s Bamburi Cement from Swiss firm

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On Wednesday, the Tanzanian firm launched a take-over offer through its Kenyan subsidiary Amsons Industries (K) Ltd, at KES65 per share.

17

Digital economy bill will unlock EdTech investment, Nigeria’s tech minister says

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"This bill is far superior to a mere policy," Tijani said during the Mastercard Foundation EdTech Conference held in Abuja on Tuesday. "Its passage by the National Assembly will empower EdTech startups to design solutions with scalability…

15

Nigerian cloud provider hit with ransomware attack as government agency works to “swiftly resolve incident”

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Hackers took over the company’s infrastructure and encrypted their files, the same person said, declining to provide a timeline for the incident because he was not authorised to comment.

10

“Our vision is now global,” says Nigeria’s Access Holdings as it begins $233 million capital raise

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“When you are the largest bank in Nigeria and one of the largest banks in Africa, where do you go from here?’ Our vision is now global, very, very global,” Aigboje Aig-Imoukhuede, Access Holdings Plc Chairman said.

09

????????‍????TechCabal Daily – Okra blends into the cloud

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In today’s edition: Kenya is now a credit-risky nation for investors || Nigerian lawmakers want to fight inflation with gold || UNDP to raise $1 billion dollars to build tech hubs in Africa || Okra moves into the cloud