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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.
On January 27, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship.
Report: Millionaire West African startups” raised over $1.806 billion between 2010 and 2019, 97.9% of which went to Nigerian startups. Get a free overview and 50% purchase discount here.
Listen to Built in Africa, a podcast by Techpoint Africa