This post is a delayed version of our weekly newsletter. If you would like to receive timely summaries like this every week in your email box, you can subscribe here.
Nigerian eCommerce giant, Konga recently laid off about 60% of its workforce, in what seems to be a move to drastically reduce operational costs. They’ve also made the decision to put a stop to Pay on Delivery (PoD) for good. Read more.
This week on Techpoint
Watch a video version of this newsletter or read on below
The challenges of being a creative in a city of oil and politics. In this interview, Donald Okudu, Creative Director at Port Harcourt-based Mesh AD Studios, discusses the challenges facing creatives in the predominantly oil and politics driven city.
Port Harcourt has a burgeoning startup ecosystem that has come to stay. Still talking about Port Harcourt, during the course of our recent tour, we got familiar with the budding startup/tech ecosystem there. It is as challenging as it is interesting.
Google wants to help you save mobile data. After several months of secret testing, Google recently launched Datally, a smart app with lots of nifty features, to ensure that other apps do not waste your precious mobile data.
36 tech-inspired gift ideas for your loved ones this holiday season. Can’t figure out what gift to buy for your loved ones this holiday season? Here are 36 pocket-friendly gift ideas you can choose from.
Every weekday at noon (WAT), we feature up and coming startups attempting to break into the market.
This week’s featured startups
- Designub — get creative designs for your business
- LetsTechit — get support for your tech ideas at zero cost
- Nozish — access and sell local designs online
- Despatch — get premium delivery and logistics services
- Caketunes — distribute your music and sell beats online
Kpolom! Port Harcourt residents are all too familiar with the long ATM queues that plague the city. A new startup called “Kpolom” launched yesterday to ensure they never have to queue at ATMs again. Find out more
Opportunities: $20,000 from Itanna, New Ventures competition and other opportunities this week.
Around Africa this week
- Econet on the verge of an IPO. African telecoms giant, Econet is reportedly seeking to go public on the London Stock Exchange at a valuation of $8 billion, with a possible secondary listing in Johannesburg. Link.
- Even more IPOs. Three of Africa’s largest telecommunication tower companies also plan to pursue share sales in either London or New York early next year. Link.
- Defenders of the telecomverse. The Nigerian Communications Commission (NCC) and the Nigerian Security and Civil Defence Corps (NSCDC) have signed an MOU on protection of critical telecom infrastructure. Link.
- Naspers releases half-year numbers. Naspers, the South African-based multinational internet and media group behind well-known companies like MultiChoice (DStv), SimilarWeb and Konga, recorded a 39% revenue growth year on year, with 82% of that coming from business outside South Africa. Link.
From around the world
- x 1000 Internet speeds. Scientists have discovered Perovskite, a ‘miracle mineral’ that among its many qualities has the ability to boost internet speed up to 1,000 times faster. Link.
- An Apple revolution. Apple is reportedly working with LG on the possibility of a foldable iPhone making its way into your hands in the nearest future Link.
- Amazon experienced some lows and highs this week.
- Elon Musk delivers. Following power outages in Australia, billionaire engineer Elon Musk made a bet on Twitter and delivered the world’s biggest battery under the 100-day time frame. Link.
Developers working in/from Nigeria, Techpoint is conducting a survey to determine your overall job satisfaction. Please take out just 5 minutes to participate in the anonymous survey. Thank you.
Early-stage startup? Get exposure and a chance to win $10,000 at Techpoint Build West Africa. Register now or before October 31, 2018.