TechCabal Day-to-day – CBN 🤝 Guidelines


9 AUGUST, 2021

Simply morning ☀️ ️

2001 used to be a special year for many causes. Apple launched iTunes and iPods, Microsoft entered the gaming market with the open of Xbox and telecom enormous MTN entered the Nigerian market.

The day prior to this, MTN Nigeria eminent its twenty-year anniversary with a quantity of chocolates to go round for its prospects. The chocolates: 200MB of information per subscriber, five minutes free airtime for the first call of the day, and 20 SUVs.

Fancy most MTN prospects, I already purchased two of the three chocolates. I mature my five minutes of airtime directing a delivery carrier and my 200MB used to be long previous in about a minutes as I fell down one more rabbit gap of watching Naruto compilations on YouTube. What did you end with your gifts?

I’m silent looking ahead to my SUV, fingers crossed each person!🤞

In lately’s edition:

  • Thirteen African startups participate in Y Combinator Accelerator
  • Quiz
  • CBN’s new pointers
  • TC Insights: A tiny more light


There are 296 startups taking part in Y Combinator’s 2021 summer season cohort, and 13 of them are African startups. 

On the sooner edition of the accelerator program this year, eleven African startups pitched on the global stage but only seven of them, alongside with Mono, were chosen. 

Since its founding in 2005, forty African startups (out of the 3148 chosen startups) had been chosen for YC and the checklist entails Paystack, Flutterwave, Float and Tizetti.

How does the Y Combinator Accelerator program work?

Twice a year, the Y Combinator Accelerator offers seed funding for chosen startups. In alternate for 7% equity within the backed startups, the accelerator offers the startup with $125,000 in seed funding. 

The accelerator is by some distance the ultimate stage for early-stage ventures to web global consideration, excessive-stage strategic advice and a lifetime of excessive-networth connections.

So which African startups are pitching this year?

Earlier than Demo Days on August 31 and September 1, there are thirteen startups with five from Nigeria, one from Ghana, one from Zambia, three from Egypt, two Morocco and one South Africa. 

In Nigeria, there’s Mecho Autotech which connects automotive users with mechanics, and Lemonade Finance, a multi-foreign money payments respond. There’s additionally PayHippo, Suplias and Infiuss Well being.

Egypt’s Amenli is a web-based insurance brokerage, Odiggo is a automotive market and ShipBlu is a delivery firm. 

From Morocco, there’s Chari and Freterium; from Ghana, there’s a biotech firm, Yeemachi Biotechnology; Zambia has Union54 while SouthAfrica has Floatpays.

Zoom: This cohort has the highest assortment of African startups to pitch on the global stage. A valid designate that the interest in African startups are silent on the excessive.

Here’s a valid time to learn this text on why and the procedure African startups order to Y Combinator


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How many African countries possess skilled web shutdowns in 2021?

Obtain the reply on the backside of this e-newsletter


I am Prof Ndubuisi Ekekwe and I invite you to register for the sixth edition of Tekedia Mini-MBA (Sept 13 – Dec 6, 2021). It’s online, self-paced, with 3x weekly zoom sessions, and prices  ₦50,000 or $140. In the final one, 38 countries were represented. Our 140 college members attain from Flutterwave, Microsoft, Amazon, Jobberman, Shell, Mastercard, Gain valid of entry to Monetary institution and assorted enormous companies. The Monetary institution of Alternate has supported our graduates with ₦900 million loans since Nov 2020. Register lately and web early advantages right here.


Sure, yes, CBN releases a quantity of pointers, but we’ll enable you advantage note of them.

 In December 2020, the Central Monetary institution of Nigeria issued new license categorizations for all its payments methods. All charge sorts – intra-monetary institution transfers, web banking, e-payments and plenty others. – were divided into four categories: mobile cash operations (MMOs), payments switching and processing, regulatory sandbox, and charge respond products and companies (PSSs).

On the time, the monetary institution talked about that institutions who want to combine MMOs with payments switching would want to location up conserving companies. Now, seven months after, pointers for setting up these conserving companies had been launched. 

Fundamentally, any monetary institution that wishes to determine on out in higher than one licensed charge carrier will want to location up a Rate Service Maintaining Company (PSHC).

Okay, but what’s going to the conserving companies end? The charge carrier conserving companies will lend a hand manage equity investments of two or more companies that are charge carrier suppliers dealing in any two categories of the licensed payments methods.

Why this?

Would you imagine me if I said it would lend a hand web issues more uncomplicated?

Here’s how CBN is seeing issues. Monetary institutions are offering all these products and companies and the technical operations are all mixed up with the non-technical ingredients. The license will lend a hand separate the monetary investments every institution has in one charge carrier. 

Mediate of it this system: charge products and companies are skittles, and every pack of skittles is a monetary institution. CBN wishes to be particular in every pack of skittles, the red ones don’t combine with the inexperienced or yellow ones. Correct as all skittles style assorted, charge products and companies are additionally assorted and CBN wishes monetary institutions to clearly delineate their actions. 

The brand new guideline will, “quit commingling of actions, facilitate administration of dangers and enable the CBN, pronounce ample regulatory oversight on the total Companies working right thru the Community.”

Read more in CBN disorders new pointers for monetary institutions.


Be part of the Future Africa Collective – an unheard of neighborhood of investors who put money into startups building the technique ahead for Africa. With a $1,000 annual or a $300 quarterly subscription charge, you web web admission to to invest on the least $2,500 in as much as 20 fast-growing African startups each year. Learn More


Rosaline lives in a puny village on the outskirts of Harare. She works as a tailor but is on the total unable to fulfill her prospects’ demands since town has tiny or no web admission to to electricity. A straightforward source of illumination admire a picture voltaic home design may perhaps well perhaps also resolve most of Rosaline’s considerations and web her twice as productive.

Africa is harassed by an energy constraint; in rural ingredients of Sub-Saharan Africa, electricity web admission to is as tiny as 23%. Thus, in countries with low electrification charges, it’s a viable source of electricity for some distance-off communities with no hope of accessing their country’s national grid. 

The SHS substitute is prospering in particular in Sub-Saharan Africa (SSA) – 57% of picture voltaic lights merchandise sold in 2019 were in SSA. This may perhaps well perhaps also be attributed to its suitability for rural communities which rise up 59% of the general inhabitants. Furthermore, in 2018, a GOGLA heed reported that inside of three months of purchasing a picture voltaic home design, 58% of off-grid picture voltaic prospects participated in additional economic project. 

On the different hand, there is a disparity in adoption among areas. West and East Africa divulge excessive adoption charges while South and Central Africa are comparably low.

This incidence is made up our minds by a unfold of components, alongside with the scale of the inhabitants, authorities policies, and the presence of innovative charge alternate options. Let’s train, in consequence of the incidence of the Pay-As-You-Dart model in East African countries, it’s more uncomplicated for customers to pay for them.

On the different hand, the cost of inserting in picture voltaic home methods is excessive and is a limiting ingredient for adoption. A typical home design in sub-Saharan Africa reportedly prices between $500 and $1,000. 

When which you may perhaps well perhaps even possess got in options the reasonable family monthly earnings in African countries, in particular for the rural inhabitants, right here’s some distance from more cost-effective. In a country admire Zimbabwe, as an instance, the reasonable family monthly earnings for the rural inhabitants in 2020 used to be $33.

One technique round this topic is the Pay-As-You-Dart model which allows customers unfold the cost of their bewitch over a longer duration of time, and ceaselessly, two homes can secure to part one design. Gentle, payments aren’t always irregular, and this, to boot to excessive operation prices, creates a query for energy carrier suppliers.

A sustainable respond would therefore provide a balance in designate for every the energy provider and the user. On the different hand, picture voltaic home methods are assembly Africa’s electrification wishes and correspondingly, boosting economic project. 

Gain the Map forward for Energy in Sub-Saharan Africa chronicle right here and peep videos from our occasions. Bought any study requests? Send them to us right here.


To this level, eight (8) African countries possess skilled pudgy or partial web shutdown in 2021. Ethiopia, Uganda, Gabon, Senegal, Niger, Chad, Nigeria, and eSwatini are countries with governments who possess ordered web blackouts or blocked web admission to to optimistic social media sites. Why does this advantage taking place? Obtain out right here.


Per week, TechCabal shares job alternatives within the African ecosystem.

There are more alternatives right here. While you happen to’d admire to part a job opening or an different, please have this comprise.

Written by – Timi Odueso

Edited by – Daniel Adeyemi