I’ll make this quick

by | Apr 5, 2021

This post is a delayed version of Techpoint Digest, a week-daily newsletter that rounds up major happenings in African tech. You can start receiving it hours before everyone else if you subscribe now

Good day,

Múyìwá here.

It’s still the Easter season and, if you’re in Nigeria, there’s a 1 in 2 chance that you’re an MTN subscriber. Which means that after struggling all weekend, you can finally buy airtime on your MTN line to catch up with family and friends. So I’ll make this quick.

  1. You remember, in mid-March, that Airtel Africa announced raising $200m at $2.65bn valuation, from The Rise Fund, for its mobile money business? Well, it has apparently received an additional $100m, supposedly at the same valuation, this time from MasterCard. In addition to the investment, both parties have also signed a new deal that will deepen their partnerships across different regions and areas including card issuance, payment gateway, payment processing, merchant acceptance and remittance solutions, amongst others.
  2. After many failed starts spanning 13 years, Nigeria is finally witnessing significant progress with its latest national identification exercise. Ironically, the timing couldn’t be worse, spawning undesirable side effects. But things are definitely looking up. In this interview, Techpoint Africa‘s Emmanuel Paul explores the role that private companies are playing in the reformation, and lessons for the future. Read.
  3. TechCabal reports that West Africa-focused solar-to-home company, Baobab+ has raised €4 million in a bid to expand its services in Senegal and Côte d’Ivoire. Shell’s Energy Entrepreneurs Growth Fund (EEGF), the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF) and LHGP Asset Management participated in this round. Baobab+ should not to be confused with SSA-focused VC, Baobab Network or Lagos based Baobab Microfinance. Meanwhile, you should read: “Mini-grids and solar home systems: Why startups scale slower in the former“.

What else is in the news?

Enjoy the rest of your Easter break!

Múyìwá Mátùlúkò for Techpoint Africa.

Techpoint Africa is a digital media company that amplifies the best innovations out of Africa through its mediadata, and events.

Preliminary nominations for Techpoint Awards 2021 are now open. You can nominate the most outstanding startups, entrepreneurs, investors, and technology influencers in Nigeria here.

Notify of
Inline Feedbacks
View all comments

Recent News

5 ways to support Techpoint Africa

5 ways to support Techpoint Africa

If you value the work we do at Techpoint Africa and would like to help ensure that the core of our journalism remains free and independent, please consider these 5 ways to support us

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap