TechCabal On every day basis – MultiChoice has some bills to settle 👀

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9 JULY, 2021

Good morning ☀️ ️

Invent you endure in mind that pesky contact that always sends you annoying texts on Whatsapp even after you’ve blocked them? Certain, the one using the “GB” model of Whatsapp?

Well, let’s precise insist your worries are about to be over. Whatsapp has threatened to completely ban users who enjoy an sage with the clone app.

In lately’s model:

  • Ghana Chronicles
  • Quick Fireplace 🔥
  • My Life In Tech
  • MultiChoice accused of ₦1.8 trillion tax fraud
  • TC Insights: Funding Tracker

Ghana Chronicles

The outdated day, I left Accra for Berekuso (an hour away) to keep up a correspondence about with Ashesi College. The tour around regarded as one of many very most sensible universities in Africa used to be elegant. Contented to recede looking out out that Ashesi is making colossal effort to invent and equip entrepreneurs. 

Food

I without problems will enjoy referred to as this rice, beans and stew but in Ghana, it’s Waakye (cooked rice and beans) and Shitto. I delight in it!

Zeepay is thought of as one of many most a success Ghanaian startups. I had an even chat with Zeepay’s CEO Andrew Takyi-Appiah, who had so a lot to claim about why Ghana’s tech ecosystem is the style it’s.

Ended the day at the networking session by the Tony Blair Institute for World Commerce the effect I met extra of us in the Ghanaian tech community and coverage makers.

Spy you on Monday!

Quick Fireplace 🔥 with Jesse Gyau Kusi

This week’s model of Quick Fireplace needed to be with somebody from Ghana 😉

Jesse is a tech and digital administration enthusiast with an hobby in gross sales, insist and project administration. He’s the Gross sales Supervisor at Poke Food Ghana and a local TEDx organizer.

Reward your job to a five-three hundred and sixty five days-old

I invent sure of us can find their favourite meals introduced to them rapid at an cheap label.

What’s something you desire you knew earlier to your career/life?

Gaining mastery in using spreadsheets. 

What has been the main commercial decision you’ve taken?

Deciding now not to over promise and below teach. 

What are you at impress staring at/paying attention to?

Staring at All or Nothing (Top Video), Coaches PlayBook and Fatherhood (Netflix). Listening to Omar Sterling’s Album (Same Earth various Worlds) and staring at for Sarkodie’s Album (No stress).

Repeat us about something you delight in doing that you’re disagreeable at. And picture us about something you really pause now not adore doing that you’re colossal at.

I delight in to play FIFA but I mediate I’m overrated. I don’t adore cooking but I’m a colossal cook.

What’s a building in Ghana that we has to be being attentive to?

Ghanaian Tiktokers are gradually growing their impact and the Fintech glean 22 situation in Ghana is on Steroids.

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My Life In Tech: Peter Njonjo


Peter Njonjo started his first commercial in high college. He noticed an peril; the college canteen used to be too removed from the dormitories.

Every single day, he and his classmates made the dumb recede from their beds to the canteen to purchase bread. Peter’s resolution used to be easy – build the total bread in the canteen, teach it to the dormitories, sell to clients from the comfort of their beds and cost a limited fee for this convenience.

“I built a truly a success franchise attributable to there enjoy been many dormitories so I couldn’t pause it by myself.”

On the recent time, he’s solving a the same peril on a unparalleled bigger scale. He’s the CEO and co-founder of Twiga Foods, a company that is taking recent and processed foods from over 4,000 farmers and manufacturers who’re most continuously some distance-off and handing over to bigger than 35,000 distributors all the design via Kenya – whereas charging a limited fee for this convenience.

From having an incomplete MBA to heading Coca-Cola’s operations all the design via 33 African countries, his yarn is thought of as one of a man who’s smitten by making the lives of of us precise a minute bit less complicated.

Edwin speaks to Peter Njonjo for this week’s My Life in Tech.

PARTNER CONTENT

Applications for the time being are being authorized for Inclusive Fintech 50! IF50 provides key publicity for the most promising early-stage inclusive fintechs which enjoy the likely to drive financial inclusion.

Learn extra: https://bit.ly/IF50-2021

MULTICHOICE BANK ACCOUNTS FROZEN IN NIGERIAN TAX SCANDAL


Just a few years after the Nigerian unit of the MTN Neighborhood overcame a tax scandal, one more South African massive has seen its bank accounts blocked in Nigeria over an alleged tax misconduct.

What took location?

The agency responsible of earnings generation in Nigeria on Thursday said it had suggested banks to freeze the accounts of media leisure agency MultiChoice Africa and its Nigerian subsidiary for breaching agreements and denying find admission to to their files for auditing.

Both firms are section of South African-headquartered MultiChoice Neighborhood, which owns DStv and GOtv companies, and provides several leisure companies all the design via Africa.

Why the embargo?

The Federal Inland Income Provider (FIRS) says it wants the banks to help it find well ₦1.8 trillion in prominent tax duties from MultiChoice Africa and MultiChoice Nigeria.

“The firms wouldn’t promptly acknowledge to correspondences, they lacked files integrity and are now not clear as they continuously express FIRS find admission to to their files,” the govtchair of FIRS, Muhammad Nami said.

No cause for dread

In a commentary responding to the allegations, the MultiChoice Neighborhood said they’ve “been and are at impress in dialogue with FIRS relating to their considerations and place confidence in that we are going to be in a area to find to the bottom of the topic amicably.”

What occurs now?

Being regarded as one of DStv’s very most sensible markets, the tax dispute in Nigeria could possibly likely disrupt the operations of MultiChoice. As it said, the corporate could be hoping the peril could possibly merely additionally be resolved amicably, and rapid too.

Read extra: MultiChoice’s bank accounts blocked in Nigeria over alleged ₦1.8 trillion tax fraud

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TC LIVE: Classes from Rwanda


On the recent time at 11 am (WAT), TechCabal could be web hosting Faith Keza – CEO of Irembo and Oswald Guobadia – Senior Particular Assistant (Digital Transformation) to The President, Federal Republic of Nigeria.

Faith and Oswald will keep up a correspondence about how African countries can drive rapid economic insist via digital transformation.

They’ll additionally focus on what lessons could possibly merely additionally be learned from Rwanda, placing Irembo into context. Irembo is a one-pause on-line platform the effect over 6M Rwandans can without problems find admission to 120+ public companies.

This would be moderated by Edwin Madu, Senior Editor at TechCabal.

Register now to help: http://bit.ly/tclivejuly9

Ticket: By clicking on the registration link for this tournament, you’ve indicated hobby in the tournament and could possibly presumably merely find an invitation to help. To determine out, please ignore the invite.

TC Insights: Funding Tracker


This week, Nigerian characterize voltaic power provider Daystar Vitality closed its 2d funding round in 2021. After a series B round in January, the vitality startup secured $20million from the Global Finance Company.

The numerous provides for the week are:

  • Egyptian stock provide platform MaxAB closed a $40million Series A funding round from RMBV, Global Finance Company (IFC), Flourish Ventures, Crystal Breeze Capital, Upward thrust Capital, Endeavour Catalyst, Beco Capital and 4DX Ventures.
  • Omnisient, a South African files collaboration platform, raised $1.4million from Compass Enterprise Capital, Investec, Nedbank CIB, Technova, Wide Bay Ventures, Tahseen Consulting, and Kepple Africa Ventures.
  • Lidya, a Nigerian fintech startup, raised $8.3million from Alitheia Capital, Bamboo Capital Companions, Flourish Ventures and Accion Enterprise Lab.
  • Smile Identity, a Pan-African identity verification startup secured a $7million address Costanoa Ventures and CRE Enterprise Capital, LocalGlobe, Intercept Ventures, Future Africa, Khosla Impact and various investors.
  • Kenyan B2B retail platform, MarketForce, raised $2million from V8 Capital, Future Africa, GreenHouse Capital, Open Africa, Riot Fund, Remapped Ventures, Y Combinator and P1 Ventures.
  • Nigerian ticketing platform tix.africa secured six-resolve pre-seed funding round from Hoaq and various deepest equity investors.
  • ShipBlu, an e-commerce provide startup raised an undisclosed pre-seed round from Nama Ventures, Y Combinator and various investors.
  • Damanesign, a Moroccan digital have faith solutions startup, raised a $450,000 seed round from the Maroc Numeric Fund.
  • MAGIC Fund, a worldwide collective of founders, raised $30million to continue backing early-stage startups around the area.

That’s all we’ve bought this week!

Practice TC Insights on Twitter and LinkedIn for extra updates on funding provides.

Written by – Michael Ajifowoke & Daniel Adeyemi

Edited by – Edwin Madu

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