Zambia gets Starlink

It costs ZMW10,744 ($505) for the hardware, and ZMW507 ($24) for the subscription.                                                                                                                                                                                                                                                                                                                                                                                                                 October 06, 2023 | [Read Online](  In partnership with Share this newsletter: //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxeaXoSFmnucpxPvGSwKpn8PwZwj5SeL-yTOeh_1uLHcDZmTkdvYu236qRj6W1sNro7rFtZ4Q9TCM9G78sUhRh3VSxUq75j5GSMy_Zna4--dug/407/HJNbohXtSVu-VDsFnA5_1w/h2/qcUKeHQidCbVHgd_zf6ziRa5JXKNJ9lCFzLr_GluNbs [Lire en Français]( [اقرأ هذا باللغة العربية]( TGIF 🎉 We’re five days away from [The Moonshot Conference]( where Africa’s most audacious thinkers and builders will share insights and celebrate innovation on the continent from October 11–12. Here are five of the Moonshot events I'm personally looking forward to: - The Welcome Mixer on October 10 where we'll get to network with 200 industry leaders. - TC Battlefield on October 11 where African startups will pitch for $3,200. - The future of content panel with Jola Ayeye, FK Abudu, and Koromone Asabe-Yobaere. - How to build and monetise as a content Creator with Fisayo Fosudo, Adetutu Laditan, and Eniola Olanrewaju. - The Keynote Speech by Nigeria's minister of communications, innovation and digital economy Bosun Tijani. Don't miss out. [Buy your tickets for Moonshot Conference here](, and get a 25% discount with our Independence flash sales. In today's edition - [Dangote backs $500 million Africa-focused fund]( - [Opay denies data privacy allegations]( - [Google selects 12 Africans startups for AI programme]( - [Zambia gets Starlink]( - [Funding Tracker]( - [The World Wide Web3]( - [Job openings]( Funding //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxeaXoSFmnucpxPvGSwKpn8PwZwj5SeL-yTOeh_1uLHcDZmTkdvYu236qRj6W1sNro7rFtZ4Q9TCM9G78sUhRh3VSxUq75j5GSMy_Zna4--dug/407/HJNbohXtSVu-VDsFnA5_1w/h16/8PDIZ4y4BfzfNGg3LaltFgOlzZgbE6JWdyaR06UYArg Africa’s wealthiest man and US billionaire investors back $500 million Africa-focused fund [The Sophie Germain vessel]( Africa's richest man: Aliko Dangote. Aliko Dangote, Africas richest man, has teamed up with US billionaire investors to back a [$500 million]( Africa-focused fund. The investors, Alterra Capital Partners, an Africa-focused private equity firm, has ambitious plans to raise up to $500 million in the coming months and has already secured $140 million in its initial closing. Other investors: [Alterra's fund]( has also attracted investment from notable institutions including Standard Bank Group Ltd., International Finance Corp., Norfund AS, Deutsche Investitions- und Entwicklungsgesellschaft GmbH, and Allianz SE's AfricaGrow fund. The firm's investment strategy is centred around critical sectors, including telecommunications, technology, logistics, healthcare, consumer services, and retail. Alterra Capital Partners, which assumed responsibility for Carlyle's assets related to sub-Saharan Africa during the height of the Covid-19 pandemic in mid-2020, is spearheaded by a team of seasoned investors who have achieved six successful company exits, returning $600 million to investors. Per [Bloomberg](, the firm has invested approximately $1 billion across 23 companies in Africa, indicating a significant track record in the region. 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](. Fintech //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxeaXoSFmnucpxPvGSwKpn8PwZwj5SeL-yTOeh_1uLHcDZmTkdvYu236qRj6W1sNro7rFtZ4Q9TCM9G78sUhRh3VSxUq75j5GSMy_Zna4--dug/407/HJNbohXtSVu-VDsFnA5_1w/h25/Z-tBEjwesAIGxlyzYZSWkN6Xip8pmrzmXnzqBzPlVWo Opay deny claims of opening account for people without consent Gif Source: Tenor Chinese-backed fintech Opay [has denied claims]( that it opened accounts for customers without their consent. The Nigerian fintech, on Tuesday, started an internal investigation on the matter. Zoom in: The allegation of these accounts began earlier this week [when a user shared]( on X that he and other members of his family had Opay accounts without ever opening one. The tweet quickly went viral with more people claiming they also had already existing Opay accounts without their knowledge. Opay has, however, denied such allegations claiming that the complaints via social media have been checked and resolved. “It is also important to note that OPay has never created nor does it operate any account on behalf of any individual,” OPay said in its statement to TechCabal. One theory is that users might have had these accounts through OPay former superapp offerings—[ORide](, OFood or OKash—which were powered by the Opay wallet. However, several users insist they never used any of those services. Zoom out: The Nigerian consumer protection body [is currently investigating]( the case of these phantom accounts and requires Opay to provide explanations for the phantom accounts Accept payments fast with the Paystack Virtual Terminal Paystack Virtual Terminal helps businesses accept blazing fast in-person payments at scale, with ZERO hardware costs. Enjoy instant transfer confirmations via WhatsApp, multiple in-person payment channels, and more. 👉🏿[Learn more](. Innovation //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxeaXoSFmnucpxPvGSwKpn8PwZwj5SeL-yTOeh_1uLHcDZmTkdvYu236qRj6W1sNro7rFtZ4Q9TCM9G78sUhRh3VSxUq75j5GSMy_Zna4--dug/407/HJNbohXtSVu-VDsFnA5_1w/h35/HAw3kJfNZjaLz8Ohhq3I8d_AhH8KnmeMEtV6LqupdF4 Google unveils startups for its Africa AI First accelerator programme 11 African Startups for the inaugural Google Africa AI First Accelerator programme Google has introduced its inaugural [Africa AI First accelerator programme](. According to Google, [eleven startups]( were selected to address Africa’s challenges and broader global issues. These startups will undergo a 10-week accelerator journey, gaining access to Google's AI expertise, receiving $350,000 in Google Cloud Credits, benefiting from mentorship, technical guidance, and extensive networking opportunities. The selected startups are; Avalon Health (South Africa), Chatbots Africa (Ghana), Dial Afrika Inc (Kenya), Famasi Africa (Nigeria), Fastagger Inc (Kenya), Garri Logistics (Ethiopia), Izifin (Nigeria), Lengo AI (Senegal), Logistify AI (Uganda), Telliscope (Ethiopia) and Vzy (Nigeria). Zoom out: Google's support for African startups dates back to 2017, and the company has collectively helped raise $263 million and create over 2,800 job opportunities. Internet //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxeaXoSFmnucpxPvGSwKpn8PwZwj5SeL-yTOeh_1uLHcDZmTkdvYu236qRj6W1sNro7rFtZ4Q9TCM9G78sUhRh3VSxUq75j5GSMy_Zna4--dug/407/HJNbohXtSVu-VDsFnA5_1w/h41/l7MQaqcAK6NRdlP0mNeMu8tGUjTP7OjN7Pe1NbwspOA Starlink is live in Zambia source: Telecom Review Africa Zambia has become the latest to [join a growing queue]( of countries with access to Starlink, SpaceX’s satellite-based internet service. Starlink got its operating licence for Zambia in June. Paratus Zambia, a telecom operator, will handle its distribution in the country. [Per Starlink’s website](, it costs 10,744 Zambian kwacha ($505) for Starlink’s hardware, and 507 Zambian kwacha ($24) for the monthly subscription. Zambians will enjoy download speeds of up to 120mb/s on the internet service. Since its launch on the continent in January, Starlink has expanded to 6 [African countries](—Mozambique, Rwanda, Mauritius, Sierra Leone and Nigeria—with Zambia being the latest addition. However, Africa’s largest internet-consuming nation, South Africa is yet to join this list. ICYMI: Starlink’s launch in South Africa has been stalled due to the internet provider's refusal to give up a 30% stake of its equity to the country. In a bid to a get the licence required to run in the country, Starlink requires a IECS and IECNS licence which requires that it gives up 30% of its equity to a “historically disadvantaged group”. Zoom out: Starlink’s launch in Zambia scores a win for the service adoption on the continent as it has faced several regulatory hurdles. The service is set to launch in 19 more African countries in 2023, and another 16 in the coming year. Apply for the Female Founders Growth Programme Final call for female tech-founders to apply for the [Female Founders Growth Programme](, an Investment Readiness Accelerator programme by [FSDH Merchant Bank]( in partnership with [IFC (of the World Bank)]( and [WEAV Capital](. Application closes on 8th October. Don't miss out, click [here]( to apply now! TC Insights //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxeaXoSFmnucpxPvGSwKpn8PwZwj5SeL-yTOeh_1uLHcDZmTkdvYu236qRj6W1sNro7rFtZ4Q9TCM9G78sUhRh3VSxUq75j5GSMy_Zna4--dug/407/HJNbohXtSVu-VDsFnA5_1w/h54/4I3cdKd8vNDA3jFVQ_BlcGcYiDWYZzQW2W3JieiXDgk Funding Tracker Image source: TC Insights This week, South African payments solutions provider Stitch [announced]( a $25 million Series A extension round. Ribbit Capital led the funding round with involvement from investors, including PayPal Ventures, The Raba Partnership, CRE Venture Capital, and 9 Yards Capital. Here are other deals for the week: - Kenya’s Lipa Later, a fintech platform [raised]( $3.4 million from a privately-placed debt issuance to help it expand its offerings. The debt capital raise was supported by Rubicon Landing and KN Law. - Egyptian fintech startup MoneyHash [closed]( an undisclosed seed funding from GitHub founder Tom Preston-Werner. 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. Attend the KB4-CON Virtual Summit KB4-CON EMEA is a free virtual event that focuses on cybersecurity and is designed for CISOs, security awareness, and cybersecurity professionals in Europe, the Middle East, and Africa. You can find the [full agenda for the event here](. Crypto Tracker //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxeaXoSFmnucpxPvGSwKpn8PwZwj5SeL-yTOeh_1uLHcDZmTkdvYu236qRj6W1sNro7rFtZ4Q9TCM9G78sUhRh3VSxUq75j5GSMy_Zna4--dug/407/HJNbohXtSVu-VDsFnA5_1w/h66/n6qnMZ0-WLt2eSKUtIXx9UN_pxY_LM7t06rFxZC_jLc The World Wide Web3 Source: [Tc_insight] Coin Name Current Value Day Month Bitcoin $27,489 - 0.62% + 7.10% Ether $1,618 - 1.68% - 0.88% BNB $211 - 1.00% - 1.67% Cardano $0.2618 +1.94% + 2.07% * Data as of 9:20 PM WAT, October 5, 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 and compliance services. [Start now with zero fees](. One Integration. One Solution. 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