The South African data-only network wants to offer voice services. [Read this online!](=.O2qN3avVlXAUMMqIIyEWCDML9DshXhBGTNph4MkcnCY) [Lire en français](=.aISE8eFH8Cr4-pWIRqqeAKAGDeYFRY6aXInVVzzPU24) Read this email in French. [TC@10 Logo]
17 MARCH, 2023 IN PARTNERSHIP WITH [MoniePoint Logo] TGIF ð More governments are banning the use of TikTok on work phones. Yesterday, the [UK government banned its workers](=._CREXOQQ8HE1zwE504qxm0Q0JsO0E__UTlfjLOoghjc) from the download and use of the short-form video platform on any official devices. The reason? Well, similar to the European Commission and the US and Canadian governments, all of whom [banned staff from using TikTok](=.Psr91CTkB-KCH_n76_TejUWNrCwhbnPvLczQ3rGlqNI) on official phones, the UK is worried about China, where TikTok was founded and is headquartered, spying on sensitive information. Meanwhile, The Verge reports that the US government is pushing TikTok to separate from its Chinese parent company ByteDance or [face a ban in the US](=.LJpGJ339gEyQ4GSYnIra1UVEyeMRT2aAQohEtPwNI7M) where it has over 113 million users. In today's edition - [The World Wide Web3](#CryptoMarket)
- [Quick Fire ð¥](#Story1)
- [Are African investors sticking with SVB?](#Story2)
- [Rain wants to move into voice market](#Story3)
- [TC Insights: Funding Tracker](#Story4)
- [Event: TechCabal at 10](#Event)
- [Opportunities](#Opportunities) THE WORLD WIDE WEB3
=.6u0hDasZc3711SmOHCwS4R8Aaz7oiN51QZQbk2BSqzc Bitcoin $24,881 + 1.56% Ether $1,661 + 0.33% BNB $328 + 6.59% Solana $19.44 + 0.74% Name of the coin Price of the coin 24-hour percentage change Source: CoinMarketCap * Data as of 22:00 PM WAT, March 16, 2023. The US Federal Deposit Insurance Corp has forced the prospective buyers of Signature Bank to agree to one crucial demand: no more crypto business, [CoinDesk reports](=.xrPL0rW71KdwOVF59xnYi59f85gB1dvS0bSJDfLFYKI). Before its shutdown last week, Signature Bank was one of the few US banks that accepted crypto deposits. Crypto accounted for a quarter of the bankâs deposits but investigators now say that the bankâs lax supervision may have enabled money laundering. Salesforce is the latest company to jump on the Web3 chain with a new slew of NFT products. [CoinDesk reports](=.qrCyfGIQU3KF6fUQWO3i7JX7C8-hUbeOYpChV9ygNZE) that the cloud services provider is expanding its services to include management of NFTs. Salesforce Web3 will help âbuild, manage and integrate NFTs into their businessesâ. [WhatsApp](=.Pbvpmk20hoN1KTSWiPL3w-u_ck1HmYixvdp509od_CI) [Twitter](=.NwhQjDDvVSQGtIU4TSz5sYE91OdkUeAV9-SoDDL0T7g) [LinkedIn](=._0jqObXWHugwIoE0TPrO0bjHvjcY_BVfkqrnedu1kZg) [Facebook](=.g1_jXL4so2v1x0ByVrPYkSvFCm4awavoF-uKt3Xi8cQ) [Email](mailto:info@example.com?&subject=&body= GET MENTORED WITH MONIEPOINT =.qnRMGjXfsEQhaBXMGV1aswTWnmdmhv68BlDACWX2O6g Be part of 5 women selected to join Moniepoint in various roles, getting mentorship, fantastic perks and the opportunity to join the company full-time. Sign up for the Moniepoint Women-In-Tech internship 3.0. Visit [womenintech.moniepoint.com](=.3_BBaiI1s0EXBxI9_wB2QuG8Hg2brHPCs6Z3PmbSRls). This is partner content. QUICK FIRE ð¥ WITH NICOLAS GOLDSTEIN [Nicolas Goldstein](=.KWAkKFYo15hTO0Zu-YTFZ6hGMKJmupfm_cpRFW-e6Xk) is co-founder of [Talenteum.Africa](=.BXd3PrU9hQHWdO-MLgAtpPjDzIDTxlwiM2DPtBiO3mk). He currently lives in Mauritius. He is very involved in the tech ecosystem and startups in the Indian Ocean region and in Africa. He was recently elected president of the Label French Tech Mauritius. =.WbYVk5fY3ptGatfYTkeA4IA7QobS6VqSBu_7AIF7KXE Explain your job to a five-year-old Talenteum Africa sources, hires and pays remote talents in Africa, and we drive a positive impact for their country. Talenteum Africa is a pan-African platform designed to help companies source and employ remote-working teams mainly in Africa. What's something you wish you knew earlier in your life or career?I started my entrepreneurial life when I was 20. I wish I knew earlier how to measure to target a market and to fix a plan to achieve goals. What's the most promising thing about tech in Africa? Africa has the fastest-growing, most youthful population in the world at a time when the rest of the worldâs workforce is shrinking. Africa is really well positioned to solve the global shortage of technology talent. Africa will nearly double its manpower size by 2035. Which tech startups in Mauritius do you think the world should keep its eyes on? Talenteum.com, the largest full-time talent ready to work remotely from Africa. Thereâs also Expat.com, the largest expats community website; and Inspexion.com, the world's leading B2B inspection marketplace. Is talent still Africaâs biggest tech resource? Africaâs tech and startup coverage has grown massively over the past few years. Its technology ecosystems have experienced incredible growth these years as they have rapidly expanded in recent years, with 600+ active tech hubs providing the backbone of Africaâs tech ecosystem. I would say that we should reach around 900,000 tech Talent in Africa by 2023, several of whom are still under training, but more training schools and boot camps have emerged in Africa recently. What singular achievement are you most proud of?We have given full-time jobs to more than 300+ talents in seven countries in Africa. These people would have moved to Europe or the US, but they decided to remain in their country. Talenteum was also named in the top 100 of African startups to invest in 2019 while accumulating several other awards. We were a finalist of IOE and Seedstarsâ migration challenge and received the award of "most likely startup to succeed in 2022" by Globalization Partners. [WhatsApp](=.8u1bC2B6Kb1935-R6Gue3Y6nS6WP0sM-F076hXF1iwc) [Twitter](=.uaGX1MVfUclT1C-c1t-VjWVI8kS7CWCSrejs70XB13g) [LinkedIn](=.lX5p7cpHckWqu3nFW7NIz3R9P7qjQzG_CaGw6lVNuyE) [Facebook](=.mCq1b2uHkj2SB2fHVFXa3HY6pggYjfYAa6Og3jqu4i8) [Email](mailto:info@example.com?&subject=&body= ARE AFRICAN VCS STICKING WITH SVB? Itâs been a week since Silicon Valley Bank (SVB)âthe go-to bank for tech investorsâ[was shut down](=.1PAa7YsaQfkM2abTkuOktbwi555v6b7ScelbfrBX96I). While the US Federal Deposit Insurance Corporation (FDIC) has assured all SVB customers that theyâll get their money back, the bankâs new CEO, Tim Mayopoulos, urged the failed bankâs VC clients to return their deposits to Silicon Valley Bridge Bank, the new entity created by the FDIC to replace SVB. =.fbRCmGgxY8wF0Z33ILScAZI0_jHN5djRklAmDKWtczI Some African startups, like Chipper Cash, have announced that they were affected by the SVB crash. There are [several African VC firms](=.66ieIJtEpL0O7lP5Kcdqd7VRxgX0dhipnPObWD7SUJ0) that also banked with SVB, including Quona Capital, EchoVC, Future Africa, Volition Capital, and 4DX Ventures. Some are confident in SVB or its new entity, Silicon Valley Bridge Bank, and will [continue to bank](=.CoEVtNlZcXnAkbTBaUy0vdIU83QE6JF4IRa5xRY3KmM) with it. âCurrently on a call with the new CEO Tim Mayopoulos of SVB and many other VCs/LPs. Iâm confident keeping some of our capital at SVB,â [tweeted Eunice Ajim](=.QYlXiD8Qgwynn_QRGOe7b1YMKcjvHpO5V9ZAmUnWSbg), founding partner at [Ajim Capital](=.0HRhYMKbpknsU2qsNyPuD3kYz21ix18sIHsS9Wc31iY), a $10 million fund that invests in early-stage African companies. On his part, Eghosa Omogui, general partner at [EchoVC](=.R9fXwvXEKon80b6H2QL3-QeUU3ha_uKgDqp9zIKQerA), says his firm never left SVB. âWe stuck with SVB & advised portcos to be prudent [and] buy T-bills/money [market] ETFs,â [he tweeted](=.jR997G3V3eTCo5KGOWKbv0jpnlcSbYU5cXcF38VxA7I) late on Friday evening. âWeâve always spread our exposure. Maybe itâs my treasury & risk mgmt experience. Weâll be fine,â he added. When asked if VCs are returning deposits to SVB, he replied. âYes, VCs are asking their portcos to return any deposits they wired out of SVB. And quite a few VCs that I know that got money out are sending some of it back. I imagine a few African VCs may have been affected,â Eghosa told TechCabal. [WhatsApp](=.PKnLbphSpUUj9eamx5gCo9kXzeaeVrls6WNKZR7dous) [Twitter](=.PcS8CcjoYZBYJThLUNe-ilOje2Sy8dGAFtJY6pKXZ4E) [LinkedIn](=.pYq5EwMY5ilipiCaN_ziOmk5ww3JgVAwLFoVqaZMYmw) [Facebook](=.PkSy3R7lDJb_HcbZkkZhDJOJFwZzWPxnc6tfsN6WHaA) [Email](mailto:info@example.com?&subject=&body= INSURANCE ON-DEMAND FOR CREDIT COMPANIES WITH CURACEL GROW =.S9Uagk5EI4yPycTxILCUdUweLC6c_VdTXU5YSho7oC0 Curacel Grow helps Credit companies instantly insure every loan transaction and prevent losses caused by loan defaults. This enables your business to save money and generate revenue through commissions on insurance. With Grow, you can also make claims 10x faster without long wait times or paperwork. Visit [Curacel.co](=.vJqTuAtZlzY_u3B4LkT-64jY5jmBq08k6fU7dHFH8JQ), send an email to marketing@curacel.ai or call 08035257749 to learn more. This is partner content. RAIN IS PLANNING TO MOVE INTO MOBILE VOICE MARKET
=.ge9PJxYsE1VUwndVH66_vFkjUaRtCmp_hxUw4O5qWLw South African data-only network Rain is [planning](=.9R2noeNYozlOBdrts7W5bDnkb4XM1--6AIv2LNyH-I8) to spread its wings into offering mobile voice services, according to one of its investors. This will make rain the latest mobile network operator in South Africa in a market which includes the likes of MTN, Vodacom, Telkom, and Cell C. Rain on a good run ARC Investments, which holds a 20.3% interest in Rain, said the provider will use the newly acquired spectrum bought last year in an auction to launch its mobile service. Additionally, ARC Investments also [stated](=.0XXDuoYUHhv9wKsh_l9mLh0jDb3OOhfP1mQNUgQM6SM) that Rain is on course to achieve earnings before interest, tax depreciation and amortisation (EBITDA) of more than R2-billion for the year ended February 2023. Zoom out: After merger talks with Telkom [collapsed](=.7fK09qRp5K5OiOtP7OtFEv-CbY9HNIGk2aVfyUXagxM), expanding into mobile voice might be the best way for Rain to enter the market which is currently being dominated by the duopoly of MTN and Vodacom. [WhatsApp](=.b-LkWfENp7e-svDdzv8gdZHffLqPYfTDhtWYqS-E_r4) [Twitter](=.OHwTHsyLciTUznMl9R_VgafIoIDI7yS551WRsJWBg0A) [LinkedIn](=.lV9lDsACv4UOVyT7OJvbeG9NMsQSRsq22gymZYl-77U) [Facebook](=.heU1cUaqrwdYUtAnzDxHfDDlIwDB-EiAASSsQolUXyg) [Email](mailto:info@example.com?&subject=&body= TC INSIGHTS: FUNDING TRACKER
=.zP9JLLMomxdsXhAZ9E7wtqsplk4aWl3mGTRRDgkh2bI This week, Nuru, an energy company based in the Democratic Republic of Congo (DRC), [secured $1.5 million](=.GoZcxA_n_w_CGL9Ea9shC1gapHxs7lZo9PfOTQ33yrw) in a Series B funding round. The company is on track to build 13.7MWp of isolated solar-hybrid grids by mid-2024 and aims to provide world-class connectivity to five million clients in the DRC. The Renewable Energy Performance Platform (REPP), Proparco, and E3 Capital each invested $500,000 in Nuru, bridging the financing gap for its $25 million Series B equity fundraising. Thatâs it for this week! Follow us on [Twitter](=.kChCZVbrDPDw52mFhmVlQ039yqlSp1V_ZNMYX17KdOE), [Instagram](=.hi3Tp3DUmyWMkh6meM7s76XXeeB-zioWNaCOYs3iJXI), and [LinkedIn](=._ClNsPA4VQyMMGzckqoHDv0x3aW5dJs6UJJ3xe6iymc) for more funding announcements. You can also visit [DealFlow](=.12t8rgSSuXcCfPUwN242E5zePo1yn2vWisRv7uhtphE), our real-time funding tracker. [WhatsApp](=.y6NzIJ0q2kDD7PacCVQOm6Tf5fjFO1RB104Au1cX2KI) [Twitter](=.vHWq72wHfUAoVC_Jqg44UrFQ6kHSjLPmr2pxgITpYBY) [LinkedIn](=.phthM5qCdL_A3FB3HsHBddBn1EkRPQtMpeOqxkuwmBM) [Facebook](=.jfA-qKOQlin9qQ7ya1EIyVxQcyKjDvHW7LgvJYR6vWk) [Email](mailto:info@example.com?&subject=&body= BANK WITH OJIREHPRIME =.ML-fLBeBcGVwMOkY6vhbdH9Gj9I0AZaNacdiHWBBOzU Enjoy free transfers, innovative savings and seamless banking with OjirehPrime, available on Android and iOS. [Start banking here](=.Y7ybHkq6CUEExG8_KyDTjZuNu854y1vvMMi5FueHCFs). This is partner content. EVENTS: TECHCABAL AT 10
=.h6szJsmv8OnpviHL77bBxbUn1UyMrqngbQKiePu9tWg Hereâs a list of all the Twitter Spaces weâll be holding to celebrate our 10th-year anniversary. - March 21âMeet the team telling African tech stories that matter. TechCabal captures the players, human impact and business of tech in Africa. We provide the content, reporting, data, and context to help the world understand how tech is changing Africa. Who are the journalists doing all of this important work? [Find out here](=.8xKeQtgc6tSW80FcZ-fx_VReU6sGNK4UyDfaLIX52KA). - March 23âWhat is the future of tech in Africa? In the last 10 years, the African tech ecosystem has evolved quickly. We know this firsthand at TechCabal. What does the future look like? Join us for an insightful conversation with Ola Brown, Stephen Deng, Hope Ditlhakanyane, and Ngozi Dozie where we answer these questions. [Set a reminder here](=.wfQ467fNfdSDAdpyHNvHj2fmR4fIrtVQ0ckpnjO8wFM). - March 30âThe role of the media in covering African tech. How can the media help Africaâs developing tech ecosystem? What responsibility does the media owe the ecosystem, and what can the media expect in return? Should the media only cover the good stories? [Find out here](=.jKxaWn7bJx33GoAR_300ALyo9FFnLtilqkBUgmVsuXo). IN OTHER NEWS FROM TECHCABAL How startup cereal brand got Ronaldo, Dwayne Johnson, Serena Williams, and Michael Jordan to [endorse their products on a budget](=.o162oXjUIgjuo7imzPUIGyfQgr6tGLJJvVfhcGewElw). We tried South Africaâs new real-time payments system PayShap. [Hereâs what we found](=.ZUK29ck9yX4zExOzR6COgo-L819cN1FT9ydQYh2nZ9A). OPPORTUNITIES - The Jasiri Talent Investor Programme is looking for highly driven individuals with a history of achievement and/or entrepreneurial action who aspire to launch a high-growth venture. [Apply by April 23](=.6hGaFtG9B8EzJ70NKyud-92tkNIyojmWoo5kjJD2_pU). - The Growth Africa Accelerator Programme is calling for applications from ambitious and committed entrepreneurs from Kenya, Uganda, Ethiopia, Zambia or Ghana with the potential to grow and create impact through their businesses. [Apply now](=.VUWf_bVExyvQ5mgg2rtP-h474fuqF99JsLuzn3OdtkA). - The HiiL Justice Accelerator Programme is now open for applications from Kenyan startups with solutions that help people resolve their legal problems. Eight selected startups will receive $10,000 in equity-free funding as well as the chance to win up to $21,000 on Demo Day. [Apply by March 31](=.pFfa5LyGMd4dIHbtamRAkiIu7cJPZBI8BRezTe_jkUk). - Google has announced that the Google for Startups Black Founders Fund is now accepting applications from Black founders across the African continent. [Apply by March 26.](=.G4sqb_TRDG9a0TP57HYnkqaf-fb2SnNIYa25vJ-aL5g) - The Africa Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, is calling for participation from Africaâs entrepreneurial talent. [Apply by May 12](=.cpNCvH9KPHcWc2pb_j3ShzQniixuyXkRlivf2WE9hkg). - Oui Capital is organising a 2-day masterclass for female founders taking the bold step to build and execute on the African continent. [Apply by March 17.](=.Vj_MK5A43N7Ojg4gr1Ugeb-gRBIweET0oaA4Jtu93ao) - Dream VC has announced that it's now open for its Launch Into VC (LIVC) and Invest Accelerator programmes. Junior professionals keen on breaking into the investor space can apply for LIVC to get a carefully curated investor talent accelerator led by existing venture builders. Senior professionals should apply for its Investor Accelerator 2023 Programme where future investment leaders and ecosystem builders will be upskilled. [Apply for LIVC](=.RVTzosOphaqXILIeBwXqhfgftB09l2sKnyV4hXIgn6Q) and [Investor Accelerator Programme by April 16](=.SOO2ucKYnzOSqhuQWedahcluDzmALC38PPcy7joAHjc). What else is happening in tech? - [Opticash is building the future of digital banking by bridging the gap between crypto and fiat currency](=.sU_RXFRefhS-wnCcnWQczPo_W2VYpnTQ3YePTEnQb3s). - [Saudi Arabiaâs first NFT market has secured funding from Animoca and Polygon](=.lBllD883KoM_V7ZoRCRwJjpEz6et6tGkZg0JeriOQA4). - [Building custom PCs might not be common in Nigeria, but hereâs how Fope Davies made $547,000 from it in 2022](=.sFz1X_NYbW3aGtqJR1SEjUXvK0bp2qTbhWFaLiiufnM). - [Microsoft announces Copilot: the AI-powered future of Office documents](=.6KhYJCFYc5w1uzZbzYlysgV0tc8HAt1EO48hQiJw8g0). TWEET ABOUT TC DAILY - =.SIdkQoV1UsyGDgLijOTjfTHLE48cx06ypcAs1hWoyFA
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