TikTok opens up in Kenya

CEO Shou Zi Chew met with President William Ruto to discuss the future.                                                                                                                                                                                                                                                                                                                                                                                                                 August 25, 2023 | [Read Online]( CEO Shou Zi Chew met with President William Ruto to discuss the future. In partnership with Share this newsletter: //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxe2qpojZUv7vDo04ug8RRkWDbe6vDRekSwZjRZrgKLyVSAFP4jxvCUmr9zZ_-IaW6Vbf8Ja_OqT1QusB35lf0Q881TpkTgH-gSuaZmffmQRTQ/3z1/lCE4b59ASjKf99s_qoR-SA/h2/EgmP-C5UJh40McU2EMdSJK6ABiQ-PXsEq3VecCZSZc8 [Lire en Français]( [اقرأ هذا باللغة العربية]( Happy salary day 🎉 As you reap the fruits of your labour today, help us reap ours by moving TC Daily to your Main/Primary folder. If you're on desktop, drag and drop this email from Promotions to Main, and if you’re on mobile, simply click on the menu button and move to Main. In today's edition - [TikTok to open office in Kenya]( - [MTN launches funeral insurance]( - [Jamit is hosting podcasts on the blockchain]( - [Funding tracker]( The World Wide Web3]( - [Event: The Moonshot Conference]( - [Job openings]( Social Media //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxcxDvxooP3DqRZgu--eXuZ0_F2Nn4cGss1J7hUaR-1nXog6HsOKneewM7GqHfQqNh8kDC3506AVzWlRejvLw_M4/3z1/lCE4b59ASjKf99s_qoR-SA/h16/citaCwSu5lNpf5FAZL9KHHamZRNHY8uOQX8jZZzGwYk TikTok to set up Kenyan office for content moderation [TikTok CEO Shou Zi Chew and President William Ruto](TikTok CEO Shou Zi Chew and President William Ruto. Image source: Pulse Kenya TikTok has bought more time for itself in Kenya. Yesterday, TikTok CEO Shou Zi Chew met with the Kenyan president, William Ruto, to discuss [setting up an office in Kenya]( to improve content moderation and TikTok’s African operations. This comes after Bob Ndolo, CEO of a digital consulting firm, Bridget Connect Consultancy, submitted a petition to Kenya’s National Assembly to [ban the social media platform](. According to Ndolo, the country’s Communications Authority has failed to regulate the social media platform, which he claims is promoting violence, explicit sexual content, hate speech, and offensive behaviour among the youth. While the Kenyan Parliament, at the time, said a complete ban would be impossible, they launched a probe into the activities of the platforms. Now, President Ruto’s meeting with the TikTok CEO has changed things. TikTok won’t be banned in Kenya, but it will work with the Kenyan government by opening an office in the country, and hiring more Kenyan content moderators. Monetisation concerns remain: President Ruto’s statement about the meeting doesn’t say anything about improving Kenya's monetisation of the platform. Currently, no African country can earn money directly from TikTok, only through influencer marketing, affiliate marketing, or the marketing of their goods and services. Zoom out: Inquiries into the potential threat posed by TikTok to cultural and religious values, along with security apprehensions, are gathering momentum throughout the continent. Starting yesterday, August 24, TikTok was [banned in Somalia]( after the government accused it of being one of the platforms where nude images and other materials deemed offensive to Somali culture and Islam were circulated. Get a working card from Moniepoint With the Moniepoint personal banking app, you get reliable payments every time and a card that always works. Enjoy seamless payments powered by the infrastructure that 1.5 million businesses trust. [Download the app](. Telecoms //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxe2qpojZUv7vDo04ug8RRkWDbe6vDRekSwZjRZrgKLyVSAFP4jxvCUmr9zZ_-IaW6Vbf8Ja_OqT1QusB35lf0Q881TpkTgH-gSuaZmffmQRTQ/3z1/lCE4b59ASjKf99s_qoR-SA/h25/WmoVn9_cTCBEIDwawe5aCBtD561nx2BFmLNeSOYLl2o MTN launches funeral insurance via WhatsApp [Ghanaian Pallbearers](GIF Source: DMForCredit MTN is making a play at insurance services. Under its new brand, Khava, MTN will offer budget-friendly funeral insurance covers to its South African consumers, [the telecom announced]( on Thursday. The price of the prepaid funeral starts at R75 ($4). MTN said the product—MyMTN Prepaid Funeral Khava—is the first of a range of insurance products designed for the local market in South Africa. The insurance scheme is backed by Sanlam and facilitated by [aYo Intermediaries South Africa](. How do I get on board? Users will get onboarded through WhatsApp, while MTN’s Mobile Money platform will be used to receive payments. MoMo customers can secure coverage for either 6 or 12 months via a one-time premium payment. “From as little as R75 and no other fees, MoMo customers can secure coverage for either six or 12 months via a one-time premium payment, with benefits extending up to R20,000 ($1,063) under the MyLife Khava plan for individuals, and a collective sum of R33,750 ($1794) for the MyFamily Khava plan, which extends coverage to family members,” MTN said in a statement. Zoom Out: MTN’s new play at the insurance products comes as the telco is finding new revenue sources beyond voice and data products whose margins of profit have come under pressure. Creator Economy //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxe2qpojZUv7vDo04ug8RRkWDbe6vDRekSwZjRZrgKLyVSAFP4jxvCUmr9zZ_-IaW6Vbf8Ja_OqT1QusB35lf0Q881TpkTgH-gSuaZmffmQRTQ/3z1/lCE4b59ASjKf99s_qoR-SA/h31/hVIYHYOMh5NcsSDHC0y9NPSytr2oin0flhF0Thd0siY Jamit upgrades web app for podcasters [Jamit WebApp](Image Source: Jamit Jamit, a platform for podcasters and voice creators, has launched its upgraded web app. [The new beta app]( is powered by blockchain technology and gives creators 100% ownership of their audio content files. Jamit in beta: The team at Jamit says [the app]( is perfect for new and seasoned podcasters who want to turn their passion for storytelling into something they can monetise and promote to larger audiences. Jamit also provides more precise insights into audience demographics, listening rates, and session durations to help creators better understand their listeners and create content that is more engaging and relevant. Furthermore, the new web app also comes with a [Virtual Studio feature]( for podcasters and audio storytellers to be able to record solo sessions or invite guests or co-hosts to join their studio sessions. In addition to the new features and tools, Jamit is also adding four original podcasts to its network. These podcasts feature diverse voices, podcast themes, genres, and categories. Zoom out: Because Jamit is 100% powered by blockchain technology, creators get complete ownership of their audio content, even after it has been published and distributed. Jamit also allows creators to connect directly with their subscribers, giving them more control over their community. TC Insights //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxe2qpojZUv7vDo04ug8RRkWDbe6vDRekSwZjRZrgKLyVSAFP4jxvCUmr9zZ_-IaW6Vbf8Ja_OqT1QusB35lf0Q881TpkTgH-gSuaZmffmQRTQ/3z1/lCE4b59ASjKf99s_qoR-SA/h38/xjGpJ8fbwcf33kLGJx2TJhZHt8jK98ZGcjtr4FdgttM Funding Tracker [TC Insights Deal Tracker](Image Source: Deal Tracker This week, Global fintech company LemFi [received $33 million]( in Series A funding in a round led by Left Lane Capital. Other participating investors include Y Combinator, Zrosk, Global Founders Capital, and Olive Tree. Here are the other deals this week: - Kenyan fintech company Zanifu [received $11.2 million]( in debt-equity in a pre-Series A funding round led by Beyond Capital Ventures. - South African esports company Nibble Africa [raised]( an undisclosed amount in seed funding from E Squared. That's it for this week! Follow us on [Twitter](, [Instagram](, and [LinkedIn]( for more funding announcements. You can also visit [DealFlow](, our real-time funding tracker. Crypto Tracker //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxe2qpojZUv7vDo04ug8RRkWDbe6vDRekSwZjRZrgKLyVSAFP4jxvCUmr9zZ_-IaW6Vbf8Ja_OqT1QusB35lf0Q881TpkTgH-gSuaZmffmQRTQ/3z1/lCE4b59ASjKf99s_qoR-SA/h49/92d6QGo7Ico8OllSPWh5Omdcol5rLkcZCO467HzX8fU The World Wide Web3 Source: [Coin Market Cap logo] Coin Name Current Value Day Month Bitcoin $25,941 - 1.41% - 10.49% Ether $1,650 - 1.41% - 11.17% CyberConnect $3.82 - 7.02% + 111.13% XRP $0.51 - 2.39% - 27.23% * Data as of 05:35 AM WAT, August 25, 2023. [OneLiquidity GIF]( Elevate your business with One Liquidity's seamless integration. Choose from 10+ services to craft a custom solution. Join Obiex, Wewire, and others in providing trading, liquidity & compliance services. [Start now with zero upfront fees](. One integration. One solution. One Liquidity. Events Get early-bird tickets for the Moonshot Conference! Early-bird tickets are still selling out fast for Moonshot by TechCabal! If you're an international fan eager to be part of this incredible event, the time has come for you to secure your seat and get an exclusive discount. Be part of the gathering of the most audacious players in Africa's tech ecosystem and get your early-bird ticket now. [Get your ticket today](. Job openings //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxecuxXQ4h39wVsASeAMGo3qi4RfJZhPJ98UDXsR1Qrfag/3z1/lCE4b59ASjKf99s_qoR-SA/h56/rocP91rjs5AJhHgOCh-IQunpwUkv4ppWBy3zbWMwk_M - Tunga - [Digital Marketing Manager](- (remote from Africa) - Interswitch- [Business Development Manager, API Markeplace](- Lagos, Nigeria (Hybrid) - Kyosk - [Country Product Manager]( - Nigeria( On-site) - CodeLn - [DevOps Engineer]( - Accra, Ghana (Hybrid) - Max Drive - [Procurement Intern](- Lagos, Nigeria (Unspecified) - Helium Health - [Software Engineer (Frontend)]( - Lagos, Nigeria (Unspecified) - Code for Africa - [Senior Product Manager]( - Nigeria (Remote) There are more jobs on [TechCabal’s job board](. If you have job opportunities to share, please submit them at [bit.ly/tcxjobs](. What else is happening in tech? - [Scientists are using AI to help a paralysed woman able to speak through a digital avatar]( - [MTN and Saana Capital partner to allow MoMo users to send and receive money across Africa]( - [Second-hand wholesale marketplace Eze Wholesale hosts a product showcase]( Share 👨🏿‍🚀TC Daily You can win numerous gifts when you refer family and friends who you know will benefit from the TC Daily newsletter. You currently have 0 referrals, only 10 away from receiving Ebooks and Showmax Subscription Tier 1. [Tier 1]( [Click to Share]( Or copy and paste this link to others: Written by - [Faith Omoniyi]( & [Mariam Muhammad]( Edited by - [Timi Odueso]( Want more of TechCabal? 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