What is driving the cryptocurrency adoption in Sub-Saharan Africa and is there potential for crypto to become even more popular on the continent?
Those are the questions we're starting with on this week's TechCabal Weekly Podcast.
In the last week, 11 senior executives left Cars45, the online platform that trades used cars. There have been a lot of theories about the mass exits, but what we know now is that a merger is the reason for the exits.
We also talk about Facebook and how much people trust online platforms as news sources. The answers are pretty surprising.
After the disappointing end to Tizeti's independent investigation, it's understandable that more than a few people are already skeptical of the outcome of independent investigations at WeJapa, another Nigerian startup that has found itself in some controversy.
The startup's CEO, Favour Ori, has been accused of underpaying developers and making false promises. While he denies wrongdoing, he has stepped down as CEO and one of the company's investors, Microtraction is doing some big talk on how it intends to stay out of the way of the investigation.
This week, we talk about Nigeria's attempts to move to a digital national identification, a big data breach at Experian, the South African credit rating agency, as well as a change of leadership at MTNThis week, we talk about Nigeria's attempts to move to a digital national identification, a big data breach at Experian, the South African credit rating agency, as well as a change of leadership at MTN
After a week of public backlash, the Lagos state government has now made significant changes to its guidelines for ride-hailing companies in the state. Also, we take a look at the second quarter earnings for the ecommerce company, Jumia.
In Nigeria, regulatory uncertainty is almost a given, and last week, the new regulations were for the broadcasting industry. The NBC's sixth amendment is worrying for many reasons, as it ends content exclusivity and introduces a penalty for hate speech.
In Oyo state, Nigeria, there are rumors of a proposed transportation licence for companies like SafeBoda and MAX. Outside Nigeria, Donald Trump's new executive orders are also causing some concern, with a 45-day deadline for American companies to round up all transactions with TikTok and WeChat.
"Where are the exits" is a question that gets asked often by observers of the African tech ecosystem. While funding news is not in short supply, we're finally seeing some important exits. In May, Beyonic was acquired by MFS Africa and now DPO has been acquired by Network International for $288 million.
There's also some recent excitement among investors for Jumia stock, which is now trading at around $12 after it slunk to lows of $3.95 in May 2020. What's got investors excited about Jumia? Find out in this episode!
In 2019, 86% of Nigerian organisations suffered cyber-attacks. It meant that globally, only India suffered more cyber-attacks. But it's hard to know how much these attacks cost businesses, thanks to under-reporting.
One of the easiest predictions for Q2 was that theere would be a decline in the number of smartphones shipped to Africa. But by how much did the predictions get it right and what OEMs are controlling the African market?