Kenyan Agritech Startup WeFarm Secures $1.6 Million In Funding

How much of an over-achiever is Elon Musk fixing to become, though? In the last week, he’s added providing global internet coverage via a massive satellite network to his audacious To-do List. In this week’s African Tech Round-up, I reflect on how Musk’s latest ambition might upset net neutrality watchdogs around the world who might not trust SpaceX to responsibly execute on something they don’t trust the likes of Google and Facebook to do.

Also on this week’s show is more about perhaps the most publicised tech investment news of the past week, the $1.6 million investment haul made by the Kenyan agritech startup WeFarm. It’s exciting to see agritech startups start to excite the global VC community. It’s absurd how millions of people on the continent go hungry every year despite how well-endowed Africa is in terms of natural resources. It’s about time we harness tech to work smarter, improve our yields, and get food to hungry people not just on the continent, but wherever it’s needed around the world.

Finally, listen in to hear my conversation with Milena Taieb, Head of Video for France, Africa and the Middle East at Believe Digital Studios— the world’s leading multi-channel network (MCN) specialising in multi-platform distribution, audience development and content monetisation. Milena reveals how Believe has upended the traditional music and video production business, and how despite the plethora of self-publication platforms available to creators today, success is predicated on executing a killer digital strategy.

First published in AfricanTechRoundup.com

Vodacom South Africa To Launch An SVOD Platform Called Vodacom On Demand

Trace TV is fixing to launch arguably the most anticipated SVOD offering of the year, Trace Play. Their ambitious roll-out will involve making Trace Play available in English and French in 100 countries around the world. Trace’s Co-founder and CEO Olivier Laouchez is clearly serious about making sure that Trace TV remains the #1 urban network outside of the US.

This past week, Vodacom South Africa announced the planned launch of an SVOD of their own called Vodacom On Demand. They plan to go live in 2017 with DSTV’s ShowMax onboard in a very cosy arrangement that’s left us wondering if their partnership could grow into something more substantial, like a deal to rival AT&T’s recent acquisition of Time Warner, for instance. Vodacom has said that they’re happy to partner with as many serious content players as might want to play with them, revealing that a future partnership with Netflix will happen in due course.

We’re fairly certain that a deal of AT&T-Time Warner proportions between a telco and big content player is inevitable as the continent’s VOD market matures. Some commentators have suggested that the AT&T-Time Warner deal was driven by the notion that distribution rather than sheer size, or even access to quality content is vital for success in executing big media plays in the digital age.

There’s no doubt that on some level the deal represents a lifeboat for Time Warner, given how all of its cable channels are losing subscribers at an alarming rate. AT&T’s extensive wireless footprint and a significant share of America’s direct video businesses, DirecTV and U-verse could help turn that around. Traditional media players on the continent could very well see similar saviour potential in a mobile network like Vodacom, and be hoping that the mobile telco comes knocking to propose acquisition.

First published on AfricanTechRoundup.com

 

Highlights From DISCOP Johannesburg and Digital Lab Africa (feat. Jason Njoku of iROKO)

My colleague, Brian Lupiya and I spent three days last week at DISCOP Johannesburg— Africa’s biggest multi-screen, multi-platform marketplace, assessing trends within the continent’s digital content scene.

We spent most of our time collecting insights at the fringe of Digital Lab Africa (DLA)— a DISCOP partner initiative that aims to be a springboard for African multimedia talent looking to launch worthy projects and business ideas within digital music, web creation, virtual reality and video game development.

So this week, in place of the bringing you the week’s highlights in terms of digital, tech and innovation news from across Africa, Brian joined me on the show to help me present cool snippets from four of the many great conversations that we taped both at DLA and in DISCOP’s main exhibition area. The aim is to give you a sense of the vibe, as well as point to where the future of digital content production and platforms on the continent might be headed.

Look out for audio featuring Harlem Mofonkol, one of the co-founders of Baziks Pulse— a music streaming platform from the Democratic Republic of the Congo, Zimbabwean hip-hop artist-turned-entrepreneur, Nonkululeko Kasongo Vundla a.k.a Black Bird, Ivorian video game developer and co-founder of POINTS by Work’d— Kaba Diakité Amadou, and the inimitable Jason Njoku of Nigeria, who is founder and CEO of the internet and entertainment group, iROKO.

First published in AfricanTechRoundup.com.

The Kenya Revenue Authority Says Uber Will Not Be Subject To Value-Added Tax

In this week’s African Tech Round-up, we ask the question, “Should Uber’s wings be clipped before they change the world as we know it?”

Lawmakers on the continent appear torn between adopting the pragmatic approach of embracing technological innovation and actively resisting the very real threat of change bringing with it the decimation of the traditional livelihoods of thousands of people who are simply not prepared or willing to adapt.

In the past week, the Kenya Revenue Authority (KRA) has declared that for tax purposes, it will treat Uber as a technology company, rather than a transport company (meaning Uber needn’t pay Value-added Tax), while in South Africa, the Competition Commission has dismissed complaints brought against Uber by the SA Meter Taxi Association who accused the ride-hailing service of anti-competitive behaviour. But in Nigeria on the other hand, Lagos State politicians are reportedly putting pressure on Uber to operate based on the old taxi franchise system in a bid to protect incumbents within the existing taxi business from disruption. Who’s got it right, do you think?

Also in this week’s podcast, Nick Saunders of email security firm, Mimecast, joins Andile Masuku to discuss the recent hacking allegations at Kenya Commercial Bank that we covered in last week’s show, as well as to unpack the diabolical DDoS attack that ground Twitter, Spotify, Amazon, Netflix and others to a halt in the US last week.

 

Kenya Commercial Bank Gets Hacked?

So, Episode 80 of the African Tech Round-up, aka the episode that nearly never happened, is finally out.

In an interview I just taped for the upcoming season of the African Tech Conversations series, Co-founder and Chief Credit Officer of M-KOPA Solar, Chad Larson, shared words he lives by that epitomise why I’m glad the team and I didn’t give up on publishing the podcast this week— despite the ridiculousness that made it nearly impossible to do so. “Done is always better than perfect,” he said. So, here it is.

There’s no doubt that this has so far been a bumper year for the world’s hacking community. Last week, one of Kenya’s biggest banks, the Kenya Commercial Bank (KCB), spent a fair amount of energy trying to convince its customers that their personal data remains uncompromised– this, following claims by a certain programmer who goes by @IrakChris on Twitter claiming to have accessed KCB’s client data through vulnerabilities found in the bank’s mobile app.

Meanwhile, Twitter, Spotify, Amazon, Reddit, Yelp, Netflix, and The New York Times suffered easily one of the world’s biggest coordinated distributed denial of service (aka DDoS) attacks last Friday which led to the sites either slowing to a snail’s pace or being knocked out altogether.

For all the details on these stories and more, tuck into this week’s show, and be sure to tell us what you make of the week’s headlines on Twitter, or via email.

 

Rwanda Launches World’s First Drone Delivery Service

Rwanda has helped Africa beat the rest of the world to rolling out a commercial drone delivery service.

The land of a thousand hills has partnered with the UPS Foundation, Gavi, and the Californian drone startup, Zipline, to start using drones to deliver life-saving medical supplies to hard-to-reach places in the country.

Zipline’s autonomous drones will now fly blood and plasma to places where poor road conditions often result in delays to time-critical deliveries of medical supplies for hours or even days. With drones, delivery time is reduced to minutes, even in bad weather. Take that, Amazon!

Also in this week’s African Tech Round-up is high-profile tech investment news involving Naspers, MTN, as well as William Kirsh-led Triptech Media’s 20% acquisition of the social transit application GoMetro— a startup which seems to be generating a fair amount of investor interest at the moment.

First published in AfricanTechRoundup.com.

 

MTN Group Accused Of Sneaking Nearly $14 Billion Out Of Nigeria

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 the Nigerian Senate has received a motion from one of its members to investigate MTN Nigeria’s potential collusion with leading commercial banks to facilitate the illegal repatriation the funds over the last ten years. The MTN Group 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 extended 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 handoff taking place over the weekend. Tune in for more on that story as well as all the week’s leading headlines from across Africa and beyond.

First published in AfricanTechRoundup.com.

 

Kenyan Solar Company D.Light Lands $22.5 Million To Fund Growth

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 I 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.

First published in AfricanTechRoundup.com.

 

Barclays Africa’s Blockchain Transaction A World First

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 just months after Vodacom South Africa ended its 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 I 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 me 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. Eric and I went about unpacking the issues at play.

First published in AfricanTechRoundup.com.

Afrimarket Lands €10 Million To Deploy E-commerce Platform Across Francophone Africa

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 as from 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.

Then, in this week’s episode of the African Tech Round-up, we share a conversation I 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 speaks on what prompted him to come to Africa looking for coding talent, and shares some of key things African coders who aspire to having international careers ought to be keeping top of mind.

First published in AfricanTechRoundup.com.