African Tech Roundup Podcast

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MTN Group Accused Of Sneaking Nearly $14 Billion Out Of Nigeria Oct 03, 2016

Show notes

There’s blood in the water. Nigerian lawmakers are flexing their might with a confidence rarely seen in decades past— at least as far as taking large corporates to task for flouting regulations. According to some media reports a member of the Nigerian Senate has put forward a motion for the house to investigate MTN Nigeria’s potential collusion with leading commercial banks to facilitate the illegal repatriation of funds over the last ten years. MTN is being accused of sneaking just under $14 billion out of the Nigerian market, and despite MTN’s official declarations of innocence, lawmakers have vowed to investigate the matter thoroughly. And so MTN’s season of reckoning continues. Also in this week’s African Tech Round-up, net neutrality activists around the world are celebrating the USA handing over internet control to the Internet Corporation for Assigned Names and Numbers (ICANN) over the weekend. This happened in the wake of a US federal judge denying a last ditch request made by Republican Senator Ted Cruz and other politicians for an injunction to try and prevent the scheduled hand-over taking place over the weekend. Tune in for more on that story as well as more of the week’s leading headlines from across Africa and beyond. Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0

Kenyan Solar Company D.Light Lands $22.5 Million To Fund Growth Sep 26, 2016

Show notes

In a week which saw Yahoo announce that it had suffered the worst cyber-breach in history, and all three of Egypt’s incumbent mobile telcos opting not to bid for the 4G licenses being floated by the Egyptian government, Kenyan solar company, D.Light, shone brightly by announcing that they had raised $22.5 million in funding from leading VC’s, debt financiers and non-profit organisations. The money will be used to grow D.Light’s PayGo business globally— a pay-as-you-go offering which enables low-income customers to buy solar products on credit. D.Light has already made its mark by delivering affordable solar-powered solutions in Africa, China, South Asia and the United States. The company has so far sold more than twelve million solar light and power products in 62 countries, and aims to light up the lives of 100 million people by 2020. In this week’s episode of the African Tech Round-up, Nicholus, one of our US-based listeners, shares insights he gleaned at Intercommunity— the Internet Society’s annual global membership meeting which took place across various live locations around the world last week. Nicholus attended one of the sessions held in Washington DC, and emailed us a report via audio note which touched on why some US lawmakers are continuing to challenge the merits of allowing internet governance to shift from the United States to the international body, ICANN. Also in this week’s show is a conversation Andile Masuku had with the four co-founders of a promising South African start-up called Airbuy— a business which plans to help people convert airtime into “airbucks” that they can use to purchase goods and services online. The chaps are still celebrating their recent win at an MIT Global Startup Labs competition hosted at Wits University, and they let me take a peek under the hood of their passionate entrepreneurial hustle. Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0

Barclays Africa's Blockchain Transaction A World First Sep 19, 2016

Show notes

It’s been a busy week for the continent’s fintech scene. The past week saw MTN South Africa announce that it would be discontinuing its mobile money service due to “a lack of commercial viability”. This revelation comes months after Vodacom South Africa ended it’s catastrophic attempt at copying and pasting Kenya’s M-Pesa magic. Meanwhile, Madagascar became only the second African country after Tanzania to to roll out mobile money interoperability across the country's mobile networks. But easily one of the catchiest headline stories of the past week was about Barclays Africa’s involvement in what’s being celebrated as the very first blockchain verified financial transaction in the world by a major banking institution. The pilot deal between The Seychelles Trading Company Ltd. and Ornua saw the two companies harness a blockchain platform developed by Wave to trade a letter of credit. This transaction has to be Barclays’ most overt show of confidence in the potential of blockchain technology to deliver improved efficiencies in international trade. Also in this week’s African Tech Round-up, is a discussion Andile Masuku had with the Kenyan journalist, Eric Mugendi. Eric is Editor-at-large at iAfrikan.com, and also writes for his Tumbler called Kenyan Longreads. Eric joined Andile on the show to discuss the controversy that unfolded on Twitter around the African Tech Summit happening in London on September 29th. The event’s conspicuously mostly male non-black/non-African speaker list included folks many people in the Twitterverse did not feel were representative of Africa’s tech ecosystem, and also managed to leave out many worthy participants. Andile and Eric unpacked the issues at play. Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0

Ernesto Spruyt of Tunga.io on plugging the world into African coding talent Sep 18, 2016

Show notes

Ernesto Spruyt is the founder of https://tunga.io, an online market network that provides international clients access to African coding talent. He also happens to serve as Chief Mentor for Telegraph Media Group’s DigitalX accelerator program in Amsterdam. Among some of the things Ernesto chatted to Andile Masuku about is what prompted him to come to Africa looking for coding talent, and what he reckons African coders who aspire to having international careers ought to be keeping top of mind.

Ismael Rachdaoui on how nextwi is leveraging WiFi technology in innovative ways Sep 15, 2016

Show notes

Ismael Rachdaoui is the young, Moroccan founder of nextwi, a marketing platform that leverages Wi-Fi technology to help small and large business owners (primarily in the the hospitality industry) engage their clients/guests more intuitively based on their social profiles and online preferences and behaviour.

Brian Ondari of AirKlip on building the perfect personal assistant for varsity students Sep 15, 2016

Show notes

Brian Ondari is both the co-founder and Chief Operations Officer at AirKlip, a promising Kenyan startup that aims to become every university student’s personal assistant by creating a simple collaborative environment (app) for students and administrators.

Harry Hare of DEMO Africa on unearthing promising founding talent Sep 15, 2016

Show notes

Harry Hare is the founder and publisher of CIO East Africa, an ICT information platform that has a monthly print publication (CIO East Africa), an online ICT portal (www.cio.co.ke) and a series of events including the CIO Executive Breakfast Series, the CIO Golf Series and the CIO 100 Awards and Symposium. He is also the founder and Director of African eDevelopment Resource Centre, as well as the founder of DEMO Africa 2012, a flagship initiative of LIONS @frica which has showcased over 150 startups that have gone on to raise over US$11 million in venture capital.

Afrimarket Lands €10 Million To Deploy E-commerce Platform Across Francophone Africa Sep 12, 2016

Show notes

The French e-commerce startup, Afrimarket, has raised €10 million from the Global Innovation Fund and the private sector arm of the French Development Agency (AFD), Proparco, as well from as a handful of individual investors such as the co-founder of PriceMinister, Olivier Mathiot, who’s been granted a seat on Afrimarket’s board. At a glance, the company seems to have it made-- except that growth within the e-commerce sector across the continent has consistently failed to meet expectations, and foreign-owned, foreigner-run e-commerce copy-cat plays backed by the likes of Rocket Internet continue to have precious little to show in terms of solid success. The bottom line is that this is Africa, and Afrimarket’s founder and CEO, Rania Belkahia, better have a few good tricks up her sleeve, including a tonne of patience and access to a lot more cash, if her company is to achieve its ambitious aspiration of dominating the French-speaking West African e-commerce market. In this week’s episode of the African Tech Round-up, we share a conversation Andile Masuku had with Ernesto Spruyt, the founder of Tunga, an online market network that provides international clients access to African coding talent. He also happens to serve as Chief Mentor for Telegraph Media Group’s DigitalX accelerator program in Amsterdam. Ernesto explains what prompted him to come to Africa looking for coding talent, and shares a few key things African coders who aspire to having international careers ought to be keeping top of mind. Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0

Lexi Novitske of Singularity Investments believes the world's next unicorn will be African Sep 07, 2016

Show notes

Lexi Novitske is the Principal Investment Officer for Africa at Singularity Investments. Lexi is based in Lagos and has interesting insights on picking winning investments as an outsider working in a continent with a notorious dearth of data. She strongly believes that Africa could very well deliver the world’s next unicorn.

Mark Zuckerberg Goes On A Charm Offensive In Nigeria And Kenya Sep 05, 2016

Show notes

Mark Zuckerberg’s much-publicised trip to the continent spawned dozens of think-pieces in the blogosphere this past week. Many pundits clearly view Mark’s 'surprise' visit to Nigeria and Kenya as an affirmation of the continent’s importance as a valuable source of under-utilised tech talent, and as a hot-bed of home-grown innovation. Others read it as a pre-cursor to a massive wave of foreign investment that's expected to wash over the continent’s technology industry. We, on the other hand, can’t help sensing the calculated profit motive wrapped up in Mark’s impeccably orchestrated African safari. 'Connecting Africa’ is no doubt a huge priority for Facebook, given the growth of the continent’s increasingly affluent middle class, the availability of relatively cheap labour, and the hundreds of millions of impoverished Africans who are prime for education— read monetisation. Now, on some level Mark Zuckerberg must care about humanity and all, but it is curious how readily many of us have fallen for the man's trademark charm and humility without questioning his obvious self-interest. In this week’s African Tech Round-up episode, Andile Masuku shares more insights gleaned from DEMO Africa 2016. Look out for snippets of conversations he had with the Publisher of CIO East Africa magazine and CEO of DEMO Africa, Harry Hare, the Principal Investment Officer for Africa at Singularity Investments, Lexi Novistke, as well as two promising startup founders who made it to the final pitching phase of this year’s competition (but didn’t win a spot in the top five), Ismael Rachdaoui of nextwi (Morocco), and Brian Ondari of AirKlip (Kenya). Music Credits: Music by Kevin MacLeod (incompetech.com) Music licensed under Creative Commons: By Attribution 3.0

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