February in Africa: Kenya’s ‘blockchain taskforce’ and Uber’s exodus


Prolonged considered as regarded as almost definitely the most fastest rising and most different-laden markets on the continent, Nigeria’s ecommerce online page had a provocative February.

Regarded as almost definitely the most country’s flagship ecommerce ventures, Konga, which raised immense backing from the likes of institution conglomerate Naspers and become as soon as considered as the valuable competitor to market chief Jumia, become got by Zinox for a ways much less cash than it had raised.

Konga is now dwelling to be merged with one other Zinox portfolio firm — Yudala. Meanwhile, Naspers become furthermore at the coronary heart of one other share of incorrect news for the Nigerian ecommerce online page because it scales advantage its operations on the continent, closing the areas of work of marketplace platform OLX in Nigeria and Kenya. With profitability in the ecommerce online page a prolonged-length of time play, Naspers has evidently made up our minds it’s no longer ready to support.

Blockchain taskforces

Better news from Kenya, in particular in the digital currencies online page, where Nairobi-basically based pan-African remittances startup BitPesa got Spain-basically based cash transfer platform TransferZero to grasp its European presence.

BitPesa is basically averted from operating in its residence market as a result of Central Financial institution regulations, but that every may per chance per chance now be dwelling to alternate after the Kenyan authorities dwelling up a “blockchain taskforce” to place a “roadmap” for the map in which the technology may per chance per chance be adopted in the East African country. This despite the Kenyan Capital Markets Authority warning merchants about initial coin choices (ICOs).

Digital expertise in Kenya agree with furthermore received a grab after the United States World College – Africa (USIU-Africa), in collaboration with Microsoft’s 4Afrika Initiative, launched the country’s first AppFactory at the Incubation and Innovation Centre (I2C) in Nairobi.

Bye bye Uber

There become focus on that about a of Uber’s merchants prefer the firm to drag out of Africa altogether, and it did leave one African country in February. Uber introduced it become leaving Morocco as a result of regulatory considerations. It remains to be considered whether or no longer this starts a trend.

Some firms, on the different hand, proceed to elongate. Pan-African leisure firm Kwesé got a critical stake in Malaysia-basically based leisure companies firm iflix Africa to improve its streaming provider in sub-Saharan Africa, while Kenyan mobile operator Safaricom persisted its rollout of designate added products with the open of music provider Songa. Kenya’s mSurvey is launching in Nigeria, and ecommerce platform Mall For Africa launched in eleven recent countries on the continent.

It’s a busy time in Africa for Mastercard, too, which worn Cellular World Congress (MWC) in Barcelona to shriek it had partnered East African PAYG energy firm M-KOPA Yelp voltaic to support the firm lengthen its offering using its payments suite.

Mastercard furthermore introduced at the occasion it become piloting a Fb Messenger bot in Nigeria to support small businesses in discovering digital payments. Fb itself clearly has its overview on alternatives in Nigeria, having equipped its platform to the country’s Self sustaining Nationwide Electoral Commission (INEC) for voter training earlier to the 2019 basic election.

We wrap up with the authorized batch of funding rounds, with Kenyan ridesharing platform Mondo Dash and ecommerce startup Sky.Garden both securing critical funding. The GSMA offered grant funding to eight African tech startups, while extra cash is determined to vary into available after Goodwell Investments raised a $24.8 million USD fund for inclusive economy startups in Africa. I’ll think about you next month.

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