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Ajim Capital

South Africa’s new labor laws have slowed down skilled migrants’ visa renewal processes and restricted the pool of available jobs. Previously bright career prospects in the country have now come to an end, and migrants are turning to odd jobs to make a living.

In recent years, South Africa's tightening immigration and labor laws have made it challenging for skilled migrant tech workers to secure employment, leading many to struggle with job loss and uncertainty.
 
Key Points:
 
Previous Job Opportunities Fade: South Africa had been an attractive destination for skilled migrants, especially in the tech sector. However, recent labor laws have slowed down visa renewal processes and limited job availability, making it difficult for migrants to find and keep employment.
 
Increasing Protectionism: South Africa's unemployment rate, standing at around 32%, has driven the government to introduce stricter immigration and labor laws. These regulations prioritize South African citizens and hinder skilled migrants, including tech workers, from accessing job opportunities.
 
Migrants Turn to Odd Jobs: Many skilled migrant tech workers have resorted to taking odd jobs to support themselves, including seeking employment on the streets. The tightening of laws has limited their ability to secure formal employment.
 
Xenophobia and Economic Concerns: South Africa has seen a rise in xenophobia, prompting the government to enact laws favoring citizens. This has created challenges for migrants, including tech workers, who face delays in visa renewals and restrictions on job sectors.
 
Impact on Investment: Skilled visa rejections have surged, potentially undermining foreign investment. Investors are losing confidence in South Africa due to perceived challenges in acquiring and renewing skilled work visas.
 
Political Influence: Immigration and labor policies have become politically charged, leading to changes and complications in visa categories. The politicization of these issues further complicates the situation for skilled migrants.
 
Migrant Talent Going to Waste: Skilled migrant tech workers, despite their expertise, find their talents underutilized due to visa issues and restrictions. Many are left seeking alternative forms of income or odd jobs to make a living.
 
The tightening of immigration and labor laws in South Africa is having a profound impact on skilled migrant tech workers, limiting their career opportunities and contributing to job uncertainty in the country.
 
Read more on <a href="https://restofworld.org/2023/south-african-immigration-laws-labor-pool/">Rest Of World</a>

South Africa's New Immigration Laws Impact Skilled Migrant Tech Workers 🇿🇦

TechCabal

M-KOPA, a Kenyan fintech giant known for financing solar systems and smartphones, has appointed former Nokia CEO Rajeev Suri as its new board chair. As the company gears up for rapid expansion, Suri's leadership is set to guide M-KOPA into a new era of growth and innovation. With over 5 million users across Africa, M-KOPA is reshaping digital and financial inclusion.

🚀 M-KOPA, a fintech startup providing solar systems and smartphones on affordable payment plans, has appointed Rajeev Suri, former CEO of Nokia, as its new board chairman. Suri will take over from Elizabeth Littlefield on December 1, 2024. His extensive experience in leading global companies like Nokia and Inmarsat positions him to guide M-KOPA through its next growth phase.
 
💡 M-KOPA has been a game changer in digital and financial inclusion, leveraging cutting-edge AI technologies to serve over 5 million users in Kenya, Uganda, Ghana, Nigeria, and South Africa. As competition heats up with new entrants like D.Light, Sun King, and Aspira, Suri's appointment comes at a pivotal moment.
 
📊 M-KOPA raised $255 million in 2023 and has disbursed over $1.5 billion in credit to its users. However, the company faces challenges, including back taxes following a ruling by a Kenyan tax tribunal. Despite this, M-KOPA continues to lead in the PAYGO sector.
 
Key Highlights:
<ul>
 <li>Rajeev Suri to lead M-KOPA as board chairman starting December 2024.</li>
 <li>M-KOPA has served over 5 million users across 5 African countries.</li>
 <li>Raised $590 million in venture funding, including $255 million in 2023.</li>
 <li>Suri’s appointment comes at a time of intense competition in the PAYGO market.</li>
</ul>
✨ M-KOPA’s innovative approach and strong leadership signal a bright future for the company and its mission to empower consumers across Africa.
 
 
 
Read more on <a href="https://techcabal.com/2024/10/14/m-kopa-nokia-ceo-board-chair/">TechCabal</a>

M-KOPA Appoints Former Nokia CEO Rajeev Suri as New Board Chairman, Driving Fintech Growth

TechCrunch

🌍 From humble beginnings in Africa, InstaDeep has grown into a global AI powerhouse. In just over a year under BioNTech’s umbrella, the startup continues to drive innovation in biotech and beyond. CEO Karim Beguir reveals how InstaDeep’s cutting-edge AI is revolutionizing healthcare and industrial optimization alike.

InstaDeep's AI Revolution: Scaling Global Innovation 🚀
InstaDeep, Africa's largest AI startup, was acquired by BioNTech for $550M in 2023. Under BioNTech’s wing, the Tunis-born startup has achieved significant progress in AI-driven biotech applications, including AI models that accelerate tissue analysis by 5x and support cutting-edge cancer research. Their DeepChain platform, focusing on protein design, plays a key role in fighting diseases like cancer.
 
 
Key Highlights:
<ul>
 <li>📊 BioNTech acquisition enhances InstaDeep’s biotech focus, accelerating drug development using AI.</li>
 <li>InstaDeep maintains independence, still collaborating with non-biotech sectors such as industrial optimization.</li>
 <li>🦗 A key AI project: predicting locust outbreaks in Africa with NASA-backed geospatial data, helping protect food security.</li>
</ul>
 
 
CEO Karim Beguir believes InstaDeep’s AI innovations in biotech are at a pivotal stage—similar to GPT-3’s debut in 2020, opening up endless possibilities for the future of healthcare and industrial optimization.
"AI is now a game changer in biology—just like GPT was for NLP," says Beguir.
 
 
Read more on <a href="https://techcrunch.com/2024/10/12/where-we-are-today-in-biology-ai-is-similar-to-gpt-in-2020-an-interview-with-the-ceo-of-africas-biggest-ai-startup/">TechCrunch</a>

InstaDeep's AI Journey: From Africa to Global Biotech Innovator

Kenya is set to revolutionize its financial landscape with the introduction of a new Fast Payment System (FPS). This cutting-edge platform will ensure seamless transactions between banks and fintechs, eliminating existing barriers. The FPS promises to enhance accessibility, making financial services more convenient for all Kenyans.

<h3>The Central Bank of Kenya (CBK) is spearheading a transformative project to introduce a Fast Payment System (FPS), aimed at enabling instant transactions across all banks and fintechs. This system will solve long-standing interoperability issues, allowing Kenyans to pay bills, send money, and make other transactions effortlessly, regardless of their financial service provider.</h3>
<h3> </h3>
<ul>
 <li>Interoperability Issue: FPS will address the challenges that have prevented smooth communication between different payment systems, unlike current solutions like Pesalink, which is limited and lacks utility payments capabilities.</li>
 <li>Collaborative Effort: Since February 2024, CBK has worked with industry players through a CBK-Industry Technical Working Group to develop this new system.</li>
 <li>Key Benefits: FPS will promote faster payments, wider accessibility, and reduce the reliance on fragmented and costly systems. It will lay the foundation for an open and fully interoperable Digital Public Infrastructure (DPI).</li>
</ul>
 
By fostering faster financial services, FPS is expected to boost economic activity and expand access to essential services across Kenya 🚀.
 
 
 
Read more on <a href="https://techcabal.com/2024/10/18/kenyas-central-bank-plans-instant-payment-system/">TechCabal</a>

Kenya's Central Bank to Launch Instant Payment System for Banks and Fintechs 🇰🇪

Stanbic Bank Kenya has completed a major upgrade of its core banking software, aiming for enhanced security and improved user experience. Despite brief service disruptions, the bank’s transition to the latest technology signals a drive for modernized banking in a competitive market.

Stanbic Bank Kenya, the sixth-largest bank in Kenya, has successfully completed an upgrade to its core banking software, Temenos T24 R23, in partnership with Orion Innovation. This upgrade—one of the most significant in recent years—introduces advanced security features and improved performance across Stanbic's digital platforms.
 
<ul>
 <li>Customer Impact: Over 266,000 customers experienced some service disruptions from October 19-21. Though some users reported limited access after the upgrade, Stanbic reassured customers that it is monitoring system performance to maintain optimal functionality.</li>
 <li>Tech-Driven Growth: This move aligns with a trend among Kenyan banks investing in advanced tech, especially as competition for skilled IT talent intensifies. Stanbic joins global banks using the advanced R23 version, further positioning itself as a leader in digital transformation in Kenya’s banking sector.</li>
 <li>Cost and Efficiency: While some banks opt to build in-house core banking systems for greater customization, others, like Stanbic, partner with external providers for expertise and cost efficiency. However, managing complex integrations across old systems remains a challenge for many institutions.</li>
</ul>
 
As Kenya’s banks embrace digital innovation, Stanbic’s upgrade is a signal of the sector’s shift toward secure and seamless banking, supported by both internal growth and external partnerships.
 
🔹 Temenos T24 R23 - Latest Core Banking Tech 
🔹 Focus - Enhanced Security, Efficiency 
🔹 Trend - Rising demand for tech talent across banks
 
Read more on <a href="https://techcabal.com/2024/10/25/stanbic-bank-kenya-finalises-core-banking-upgrade/">TechCabal</a>

Stanbic Bank Kenya Completes Core Banking Software Upgrade Amid System Glitch Resolution

Disrupt-Africa

Nigerian fintech leader Moniepoint has secured $110 million in Series C funding to supercharge its digital banking platform for businesses across Africa. With a track record of innovation and impact, Moniepoint is poised to transform financial access on the continent, bringing seamless banking, payments, and credit services to millions.

Moniepoint, founded in 2015 as TeamApt, is Nigeria's top merchant acquirer, processing $17 billion monthly and supporting over 10 million businesses and individuals. Recently, the company secured $110 million in Series C funding, led by Development Partners International, alongside new investors such as Google’s Africa Investment Fund and Verod Capital. With this new capital, Moniepoint plans to scale its all-in-one financial ecosystem across Africa, offering services like digital payments, banking, FX, credit, and business management tools.
 
Highlights:
<ul>
 <li>Key Investors: Development Partners International, Google’s Africa Investment Fund, Verod Capital, and Lightrock (existing investor).</li>
 <li>Platform Vision: A comprehensive suite for African businesses with seamless banking, payment solutions, and support tools.</li>
 <li>Financial Impact: Moniepoint’s rapid growth supports financial inclusion across underserved communities and enables businesses to grow with reliable banking solutions.</li>
</ul>
 
CEO Tosin Eniolorunda emphasized Moniepoint’s mission to innovate and drive financial inclusion across Africa, delivering solutions that make a difference for the continent’s entrepreneurial potential.
 
 
Read more on <a href="https://disruptafrica.com/2024/10/29/nigerias-moniepoint-raises-110m-series-c-to-scale-digital-banking-across-africa/">Disrupt-Africa</a>

Moniepoint Raises $110M to Expand Digital Banking Across Africa 🌍💸

🌍 Access Bank secures the green light to acquire Kenya's National Bank, expanding its reach across East Africa’s largest economy. With an estimated $100 million deal, Access Bank will increase its footprint to 77 branches across 28 counties. Here’s what this move means for Kenya’s banking sector! 💸

Access Bank has received approval from the Competition Authority of Kenya (CAK) to acquire the National Bank of Kenya (NBK) from KCB Group, contingent upon retaining 80% of NBK’s workforce for a year post-acquisition. The deal, valued around $100 million, now awaits the Central Bank of Kenya's (CBK) approval to proceed.
<h3> </h3>
<h3>Key Points:</h3>
<ul>
 <li>Expanded Reach: Access Bank’s acquisition of NBK will grow its presence from 23 branches in 12 counties to 77 branches in 28 counties, significantly enhancing its reach in Kenya.</li>
 <li>Market Share: The combined Access Bank-NBK entity will hold a 1.9% market share, a figure CAK indicates won't disrupt competitive dynamics in the Kenyan banking sector.</li>
 <li>Deal Valuation: The transaction is estimated to be around $100 million, pegged at 1.25x NBK’s book value of $79.77 million in 2023.</li>
 <li>Timeline: The acquisition is anticipated to close by November, pending final regulatory approval.</li>
</ul>
 
Access Bank’s move positions it as a stronger player in Kenya’s tier 2 banking sector, giving it an edge in a highly competitive market. The expansion reinforces its strategy to tap into East Africa's economic potential while addressing diverse banking needs, from retail to corporate and Islamic banking.
 
 
Read more on <a href="https://techcabal.com/2024/10/30/access-national-bank/">TechCabal</a>

Access Bank Gains Approval to Acquire National Bank of Kenya for an Estimated $100 Million

Bird Story Agency

Africa's Gen Zs,  promised opportunity, innovation and new technology but faced with the very real world of a workplace in flux, constrained labour markets, high inflation and increasing criticism of their work ethic, are finding very little to cheer about. So a growing number of African universities are stepping in, hoping to bridge the gap between academic qualifications and real-world demands.

Conrad Onyango, bird story agency
 
Worldwide, Generation Z is facing tough times, with global economic shifts, environmental issues, worrying "hot" conflicts that are increasingly global in nature, and a job market that is less beneficial to generational wealth creation than any since World War 2.&nbsp;
 
At the same, time, this generation - born between 1997 and 2010 - is considered by nearly three-quarters of managers to be the most challenging workforce to work with.
 
According to a 2023 survey by Resume Builder, managers say Gen-Z workers feel entitled and demonstrate a lack of effort, motivation and productivity.
 
On the other hand, Gen Z workers blame business leaders and educators for a lack of understanding of the digital natives and their potential to re-write the rules of traditional corporate dynamics.&nbsp;
 
With this generation expected to comprise more than a quarter of the global workforce in 2025, recruiters, learning institutions and Gen Z's themselves, are having sleepless nights.
 
The fear and anxiety looms even larger in Africa, the continent with the youngest population in the world.
 
But there is a glimmer of hope.
 
Africa's institutions of higher learning are starting to introduce programs, organising networking events and forums to discuss and prepare this large pool of future workers in a quest to bridge the gap between university qualifications and the demands of the labour market.
 
The University of the Witwatersrand (Wits), Johannesburg, is the latest to launch a student-driven initiative, the&nbsp;WorkReady Gen Z&nbsp;programme, a three-month online course designed to equip University students with essential work-readiness skills.
 
“WorkReady Gen Z&nbsp;was built to empower students not just for their first jobs but for long-term success in their careers. It’s designed to help them navigate the workplace and grow into future leaders and entrepreneurs,” says Lindelwe Cili, Career Services Team Leader at Wits.
 
The collaborative effort of the Wits Student Representative Council (SRC) &nbsp;with the Wits Counselling and Careers Development Unit (CCDU) offers insights on job hunting strategies, smooth transition in their first jobs and bolsters their skills building capacities using real-time case studies.
 
The program covers topics like job roles, imposter syndrome, and workplace biases to bolster the confidence of Gen Z’s &nbsp;in their first jobs. It also exposes them to interactive case studies and thought-provoking activities where students develop critical skills such as problem-solving, communication, time management, and professionalism.
 
Strathmore University Business School in Nairobi, this year themed its Annual HR Summit "Future-ready HR: Navigating Trends, Transforming Workplaces,"&nbsp;
 
Whlie representatives from academia and industry emphasized the need for further efforts to address the work readiness gap in Africa, Ceasar Mwangi, Strathmore's Executive Dean, asked attendees to think of the continent's youth challenge differently and to change the narrative when considering education.
 
“Perhaps the best way to address the needs: 'A rich continent with high levels of poverty with difficulties and challenges is addressing the issue of people development',” he explained.
 
In March, the International School of Advertising (ISA) Africa partnered with the data science firm Predictive Analytics Lab and the recruitment firm Brighter Monday to host a "Marketing in a Gen Z World" Forum at the University of Nairobi as part of its apprenticeship program tour.&nbsp;
 
"We are teaming up to guide you through the maze of career readiness. We're offering free insights on how to ride the data-driven marketing wave," said ISA in a call for registration poster.
 
McKinsey's 'The Gen Z Equation' deep dive, calls for a change of perspective when considering Gen Z workers.
 
“To attract and retain these workers, employers should understand what this generation prioritizes in the workplace,” the report reads.
 
Gen Z prioritizes career development when considering a job offer, over compensation. Work flexibility is the top reason for their staying in a job, with the purpose of work being a deciding factor in whether they will remain in a job or quit, according to McKinsey.
 
These sentiments are also shared by Delloite in its Global 2024 Gen Z and Millenial Survey, Living and working with purpose in a transforming world.
 
According to the survey, the majority of Gen Z individuals (86%) - and an even higher number of millennials (89%) - believe that having a sense of purpose is crucial for their overall job satisfaction and well-being. Additionally, three-quarters of Gen Zs and millennials (75%) consider an organization's community engagement and societal impact as important factors when evaluating a potential employer.
 
“These generations are increasingly willing to reject assignments or employers who don’t align with their values,” said Delloite. &nbsp;
 
Brighter Monday Chief Executive Officer, Christ Otundo, speaking during the Annual HR Summit 2024, explained that many companies are struggling to articulate their value propositions.
 
“Organisations are increasingly leveraging employer branding but perhaps this is not done effectively. Companies have not articulated very clearly what their value propositions are,” Otundo explained.
 
The challenges facing Gen Z are not confined to what is often referred to as "sub-Saharan Africa", either. They are just as relevant in north Africa. AT Morocco’s Al-Akhawayn University, the dean of the School of Science and Engineering, Salah Al-Majeed, argues in his write-up on The Times Higher Education platform that Gen Z are often misunderstood.&nbsp;
 
Al-Majeed challenges educators to analyse and refocus on distinct skills such as creative spirit, entrepreneurship, willingness to challenge the status quo, social consciousness, and an ability to deliver high value and insight on issues such as sustainability, diversity, and social justice that the digital natives bring to the workplace.&nbsp;
 
“Gen Z is what we have. As educators, we should be embracing and building upon their many positive attributes rather than dwelling on their perceived failings,” said Al-Majeed.&nbsp;
 
He advocates for learning institutions to work together with recruiters to bridge the gap by mapping these competencies and creating platforms for showcasing the skills and creation of safe networking spaces with Gen-Zs.
 
bird story agency.
 
Useful links for editors:&nbsp;
 
https://www.mckinsey.com/quarterly/the-five-fifty/five-fifty-the-gen-z-equation
 
https://www.resumebuilder.com/3-in-4-managers-find-it-difficult-to-work-with-genz/
 
https://www.deloitte.com/content/dam/assets-shared/docs/campaigns/2024/deloitte-2024-genz-millennial-survey.pdf?dlva=1

Getting Gen Z work-ready: African universities stepping up

As more and more services move online across Africa, giant players like Safaricom, MTN and Airtel are stepping up their efforts to provide Africa with large, green-energy data centres.

Conrad Onyango, bird story agency
 
African telcos are racing to construct green-powered data centres as the continent's appetite for digital services grows, fueled by the world's largest youth population.
 
Already the continent is a pioneer and outperformer in mobile money, headlined by Kenya’s M-Pesa and other mobile payment services, with 60% of the population accessing the internet via mobile.&nbsp;
 
By 2025, 167 million more people from Sub-Saharan Africa are projected to be subscribed to mobile services, reaching 623 million users, and smartphone connections in the region are also seen &nbsp;more than doubling.
 
According to the International Finance Corporation (IFC), Africa’s Internet economy has the potential to reach 5.2% of the continent’s gross domestic product (GDP) by 2025, contributing nearly US $180 billion to its economy.
 
Major telcos on the continent are responding to this demand opportunity - supported by moves to take education, health care, agriculture services and governance online - by lining up data center projects they say will be among the largest and greenest on the continent.
 
In its 2024 sustainability report, Kenya’s giant telco, Safaricom has outlined &nbsp;plans to construct three &nbsp;Tier 3+ scale data centers, as part of &nbsp;its long-term strategy to transform from a telecommunications company to Africa’s leading purpose-led technology company, by 2030.
 
The company's Limuru Data Centers Phase 1 is already operational, with Phase 2 planned to come on stream by 2025.
 
“The facility is designed for future growth, with the potential to support 1,000 high density racks and an IT load of up to 20 MW within the next decade,” said Safaricom in the report.
 
The strategic location of the data center in the cooler Limuru region, the &nbsp;telco said, will enable it to deliver a Power Utilisation Effectiveness of 1.35, making it one of the most energy-efficient facilities in Africa.&nbsp;
 
“The facility is equipped with a 200 kWp rooftop solar PV plant, with plans to scale up to 2MWp. Additionally, we are exploring partnerships with renewable energy producers to further enhance our commitment to sustainability,” according to the sustainability report.
 
In June, MTN Nigeria announced it was building a 1,500-rack, Tier 4 data centre to play a pivotal role in meeting the growing data demands and digital needs of businesses and consumers in the country.
 
In a LinkedIn post, MTN Nigeria CEO, Karl Olutokun Toriola said the facility will be the largest in West Africa upon completion and will enable the telco &nbsp;to respond swiftly to market demands and support businesses in Nigeria.
 
“Ultimately, this center will play a vital role in supporting Nigerian businesses to collaborate through cloud services, expand their capabilities, and thrive,” said Toriola.
 
”Our commitment to Environmental, Social, and Governance (ESG) principles is reflected in the data center's eco-friendly design to utilize efficient cooling systems and a combination of traditional energy sources, gas, and renewable energy,” he added.
 
After launching a multi-million data centre business, Nxtra by Airtel, in December 2023 &nbsp;the telco broke ground in March to what it termed as one of Africa’s largest data centres in Lagos, Nigeria- with plans for more across the continent.
 
“Through this business we aim to create one of the largest networks of data centres in Africa with high-capacity facilities in major cities complementing our existing sites. We’re taking great care to incorporate modern energy efficiencies into our operations,” &nbsp;said Airtel Africa’s Sustainability Report 2024.
 
Africa Data Centers Association also affirms the expansion of &nbsp;industry &nbsp;due to the increasing demand for such facilities throughout the continent-citing Kenya, Morocco and South Africa as fast-growing markets- abeit with a huge infrastructure gap to fill in.&nbsp;
 
“Africa needs up to 1000 MW and 700 facilities to meet demand and bring capacity density on a par with that of South Africa, the region’s leader,” according to Data Centers in Africa focus report 2024.
 
Africa, the report shows accounted for less than 2% of global colocation Data Centers supply, with over half that total located in South Africa.&nbsp;
 
“The development of data centres is picking up pace due to strong demand from economic operators, as well as increasing awareness that African countries must establish their digital sovereignty in an increasingly competitive and complex world,” said Ayotunde Coker, Chairman, Africa Data Centres Association.
 
Nigeria is listed in the data centers focus report as Africa’s largest digital economy with the internet contributing US$36.5 billion to its GDP, followed by South Africa(US$31.5 billion) and Egypt (US$26 billion).
 
Other large digital economies include Morocco(US$21.1 billion), Kenya(US$12.8 billion), &nbsp;and Algeria (US$11.9 billion).
 
Allied Market Research projects that the global market for DC provision will reach US$517.2 billion by 2030, up from an estimated of US$187.4 billion in 2020.&nbsp;
 
bird story agency
 
Useful links for editors:&nbsp;
https://africadca.org/en/data-centres-in-africa-focus-report-2024
https://www.ifc.org/en/insights-reports/2020/google-e-conomy
https://airtel.africa/#/pages/responsibility?tab=sustainability_frame-work
https://www.safaricom.co.ke/about/sustainability/sustainable-business-reports

African telcos in race to build green data centres

Chumz, a Kenyan fintech that enables users to set savings goals with mobile money, has reached 200,000 users and is testing its services in Rwanda. With unique prompts encouraging behavior-based saving, Chumz empowers users with accessible financial tools. Expansion plans target 1 million users across East Africa by 2026.

🌍 Kenyan fintech startup Chumz, which helps users save and invest by prompting savings from mobile money, is expanding into Rwanda after gaining 200,000 users in Kenya.
 
💡 How Chumz Works:
<ul>
 <li>The app channels user funds from mobile accounts to licensed fund managers, who offer returns distributed back to users.</li>
 <li>Users are prompted to save based on behavior patterns, like spending at a pub or receiving funds, encouraging small, regular investments.</li>
</ul>
🎉 Unique Features and Success:
<ul>
 <li>The Superfan Challenge motivates savings based on favorite football teams' performance, adding a fun twist to saving.</li>
 <li>Chumz primarily serves retail investors who lack access to traditional fund managers, with women comprising the majority of savers.</li>
</ul>
🚀 Future Growth Plans:
<ul>
 <li>Chumz aims for 1 million Kenyan users by 2026 and plans to expand into Uganda, Tanzania, and Botswana.</li>
</ul>
 
With its accessible model, Chumz is filling a significant gap in East Africa’s financial inclusion landscape, supporting financial literacy across diverse demographics.
 
 
Read more on <a href="https://disruptafrica.com/2024/11/06/kenyan-fintech-startup-chumz-set-for-rwanda-expansion-after-hitting-200k-users/">Disrupt-Africa</a>

Chumz Expands to Rwanda: Kenyan Fintech with 200K Users Aims for 1M by 2026

Kobo360, the logistics powerhouse backed by Goldman Sachs, is rolling out HaulSight—an innovative fleet management software designed to help Africa’s major manufacturers streamline operations, track vehicles, and cut costs in real-time. With rising fuel prices squeezing margins, HaulSight presents an efficient way for companies like Dangote and Unilever to maximize fleet potential. Will this be a game-changer for Africa's logistics industry?

🚚 Kobo360, Africa's premier truck-hailing startup, is expanding its services with a new fleet management software called HaulSight to support Africa's large manufacturers and FMCG giants. Developed as a pure SaaS solution, HaulSight enables businesses to monitor fleet activity, optimize routes, and access invoice discounting—all without Kobo360 directly managing truck sourcing or transit logistics.
 
<h3>Key Features &amp; Strategic Benefits:</h3>
<ul>
 <li>Targeted Audience: Geared towards large enterprises like Flour Mills and Unilever, who often manage both in-house and third-party fleets.</li>
 <li>Revenue Potential: Offers Kobo360 a valuable revenue stream outside traditional truck-hailing, especially beneficial given rising fuel costs that are impacting logistics margins.</li>
 <li>Time-Saving Advantage: Existing industry relationships give Kobo360 an edge in navigating the lengthy sales cycles often associated with large corporations.</li>
</ul>
 
💡 Fleet Management Demand 
As Nigeria’s logistics industry grapples with rising operating costs, software solutions like HaulSight offer a vital alternative for companies to enhance visibility and control over valuable fleet assets. Alex Adenuga, CEO of Movam, emphasizes that the sector could benefit greatly from organized, efficient fleet management, despite the high entry cost for smaller operators.
 
🌍 Broader Industry Impact 
Kobo360’s pivot towards fleet management reflects a shift in Africa's logistics landscape, where the “aggregator model” is being reevaluated in favor of high-margin software sales. However, established competition and high switching costs may challenge widespread adoption among entrenched users of existing software like Nova Truck.
 
Conclusion 
With HaulSight, Kobo360 aims to extract added value from its 50,000-strong truck network, positioning itself as an indispensable logistics partner for Africa's biggest companies. The initiative reflects a larger industry trend: addressing operational challenges through tailored, data-driven solutions.
 
Read more on <a href="https://techcabal.com/2024/11/11/kobo360-is-developing-haulsight-management-software/">TechCabal</a>

Kobo360 Unveils HaulSight: Transforming Fleet Management for Africa’s Large-Scale Businesses

The Next Wave

TechSafari

Big Tech This Week

Discover why Oswald Osaretin Guobadia, managing partner at DigitA, believes that African startups must actively participate in tech policy conversations. Gain insights into the biggest challenges faced and the transformative lessons learned while shaping the Nigeria Startup Act.

Oswald Osaretin Guobadia, Managing Partner at DigitA in Lagos, emphasizes the importance of African startups engaging in tech policy discussions. He highlights the significant challenge of government processes operating in silos and stresses the need for collaboration to demonstrate the mutual benefits of shared objectives. Drawing from his experience in crafting the Nigeria Startup Act, Guobadia discusses the crucial lesson of addressing apathy and fostering trust between the private and public sectors. Looking ahead, he expresses excitement about the vast potential for tech innovation in Nigeria over the next five years, emphasizing the opportunity for startups to address real problems through digital solutions and gradually scale their impact from local to global markets.
 
Read more <a href="https://restofworld.org/2023/3-minutes-with-oswald-osaretin-guobadia/">Rest Of World</a>

Unlocking Africa's Tech Potential: The Crucial Role of Startup Engagement in Policy Discussions

Meet Nathan Nkunzimana, the resilient leader of the Kenyan Content Moderators’ Union, fighting for justice against Meta and Sama. Discover how he's spearheading efforts to reinstate over 200 laid-off moderators, challenging working conditions, and advocating for their rights in a groundbreaking court battle.

In Kenya, content moderators, led by Nathan Nkunzimana of the Kenyan Content Moderators’ Union, are engaged in a legal battle against Meta and Sama after the dismissal of 200 moderators. Nkunzimana, now a water vendor, is rallying his former colleagues to reinstate their jobs, facing challenges in registering the union. Despite obstacles, the group, supported by the Communication Workers Union of Kenya, is persistently fighting for recognition, better remuneration, and improved working conditions.
 
#KenyanModeratorsVsMeta #WorkersRights #ContentModerationJustice
 
Read more on <a href="https://restofworld.org/2023/kenya-content-moderators-battle-meta/">Rest Of World</a>

Kenyan Content Moderators Fight Against Meta: The Man Leading the Battle 🇰🇪

🇳🇬 Nigerian filmmakers are making a strategic move to YouTube, avoiding the challenges of international platforms like Netflix. Controlling distribution, fighting piracy, and increasing earnings are the driving forces behind this shift, as YouTube proves to be a more democratic and lucrative alternative for the vibrant Nollywood industry.

Nigerian filmmakers, including stars like Ibrahim Yekini and Seun Oloketuyi, are bypassing international giants like Netflix and turning to YouTube for exclusive movie releases. The move allows them to combat piracy and have greater control over their work. While platforms like Netflix set high standards, YouTube provides a more accessible option for low-budget productions, with the added benefit of a global audience. Despite its popularity, earnings on YouTube are still limited in Nigeria, prompting filmmakers to target U.S. and U.K. audiences for improved revenue. This strategic shift not only helps fight piracy but also opens up new possibilities for Nollywood in the digital era. 🎥💡&nbsp;
 
#Nollywood #Filmmaking #YouTubeRevolution
 
Read more on <a href="https://restofworld.org/2023/nigera-filmmakers-youtube/">Rest Of World</a>

🎬 Nollywood Shift: Nigerian Filmmakers Embrace YouTube Over Netflix for Control and Earnings 🇳🇬

Discover how influencers with millions of followers are driving a surge in online gambling addiction among Nigerian youth, prompting concerns about the lack of government oversight. 😟📈

In May, a tragic suicide highlighted the darker side of the trend, emphasizing the urgent need for intervention. Experts argue that while sports betting is legal, influencers endorsing gambling require closer scrutiny for the well-being of vulnerable youth. 🚨🎲
 
Influencer marketing is contributing to a concerning rise in online gambling addiction among Nigerian youth, drawing millions into a once-stigmatized activity. Despite legal sports betting, experts emphasize the need for government oversight on influencers promoting gambling to address the growing addiction crisis. A tragic incident in May, where a student died by suicide after losing school fees to gambling, underscores the urgency for intervention and regulation in the influencer culture around sports betting. 🌐💔
 
Read more on <a href="https://restofworld.org/2023/online-gambling-influencers-nigeria/">Rest Of World</a>

🎰 Influencers Fueling Rise in Online Gambling Among Nigerian Youth, Experts Urge Government Oversight 📢💔

As gas prices in Nigeria surge by nearly 230%, food delivery riders are racing towards electric bikes, saving up to 60% on fuel and maintenance costs. 📈⚡ Explore how this shift is transforming the gig economy and sparking interest in sustainable alternatives.

As gas prices skyrocket in Nigeria, food delivery workers are turning to electric motorcycles, saving 40%-60% on monthly expenses. With fuel costs surging by nearly 230% since May, the adoption of e-bikes is on the rise, providing cost-effective and sustainable alternatives. Despite initial hurdles like high upfront costs, gig workers are increasingly recognizing the long-term benefits, prompting companies like Glovo to consider a large-scale EV program for its riders by year-end. The shift underscores the need for improved EV infrastructure and government support in making electric vehicles more accessible for the gig economy. ⚡🇳🇬🛵&nbsp;
 
#ElectricVehicles #Nigeria #GigEconomy #Sustainability
 
Read more on <a href="https://restofworld.org/2023/nigeria-fuel-prices-ebike-adoption/">Rest Of World</a>

Nigerian Food Delivery Riders Shift Gears: Embracing Electric Bikes Amid Soaring Gas Prices 🚴‍♂️⚡

Discover how Chowdeck, a Y Combinator-backed startup, is revolutionizing the competitive Nigerian food delivery industry with cutting-edge technology and attractive incentives for delivery workers. In a market dominated by global giants like Bolt, Glovo, and Jumia, Chowdeck's impressive growth, user experience enhancements, and strong partnerships with major restaurant chains are reshaping the narrative.

🍔📲 Chowdeck's Rise in Nigeria's Food Delivery: Uncover the success story of Chowdeck, the Lagos-based food delivery app challenging industry norms. With advanced geotagging technology optimizing delivery routes, Chowdeck has become a preferred choice for both users and delivery workers, offering substantial earnings and perks.&nbsp;
 
🚀 Tech Innovation: Explore how Chowdeck's tech-savvy approach, including geotagging and predictive analytics, sets it apart in a challenging market. Overcoming issues like traffic and unpredictable delivery times, Chowdeck has achieved remarkable growth, hitting a monthly order value of $1.2 million.
 
👩‍🍳 Vendor Partnerships and Challenges: Delve into Chowdeck's strategic shift from small-sized vendors to major restaurant chains, causing disruptions in the market. While its incentives have won loyalty, some vendors express challenges, prompting Chowdeck to address operational concerns and explore partnerships for sustained growth.
 
Read more on <a href="https://restofworld.org/2023/nigeria-food-delivery-chowdeck/">Rest Of World</a>

Chowdeck: Transforming Nigeria's Food Delivery Landscape with Tech Innovation and Rider Incentives 🇳🇬

Meet Mkhululi Siziba, the dynamic gig worker in Johannesburg claiming to deliver any order within an impressive 15 minutes. Working for Checkers Sixty60, Siziba navigates the competitive South African grocery delivery landscape, emphasizing speed and customer satisfaction. Despite challenges, including rising fuel costs, he thrives in the gig economy, showcasing the survival-of-the-fittest spirit in the bustling city.

In the crowded South African grocery delivery scene, Mkhululi Siziba, a gig worker with Checkers Sixty60 in Johannesburg, stands out with his claim of delivering any order within 15 minutes. Formerly with Uber Eats, Siziba joined Checkers Sixty60 in 2020 for better pay and work conditions. Facing increased competition, he maintains his edge by ensuring swift deliveries and has even taken on an extra gig with Uber Eats for additional income. Despite challenges, Siziba remains a top performer, embodying the spirit of survival in the evolving gig economy.
 
Read more on <a href="https://restofworld.org/2023/life-of-a-gig-worker-south-africa-food-delivery-driver/">Rest Of World</a>

Speed and Service: Johannesburg Gig Worker Delivers Groceries in Record 15 Minutes 🏍️ ⚡

Dive into the vibrant streets of Lagos, where a booming market in counterfeit fashion, known as "fake originals," is fueled by Chinese e-commerce platforms. Discover the journey from AliExpress to Balogun Market, as knockoffs of popular brands find their way to Nigerian consumers, reshaping the fashion landscape. 🧵👗

In bustling markets like Balogun in Lagos, "fake originals" imitating renowned brands flood the scene, sourced from Chinese platforms like AliExpress and DHgate. Despite China's efforts to combat counterfeits, the ease of access to knockoffs on these platforms persists. The Nigerian government's struggle with enforcing anti-counterfeiting measures, coupled with porous borders, adds to the challenge. The rise of Chinese e-commerce has revolutionized Nigeria's fashion market, enabling small entrepreneurs to thrive, shaping a new era in the trade of imitation luxury. 🌍👠💼
 
Read more on <a href="https://restofworld.org/2023/china-shopping-designer-dupe-nigeria/">Rest Of World</a>

From China to Lagos: The Rise of 'Fake Originals' and the Impact on Nigeria's Fashion Market" 🛍️🇳🇬

Wiza Jalakasi is the director of Africa market development at Ebanx, a payment company headquartered in Brazil and focused on emerging markets. Ebanx grew fast in Latin America and has now expanded into Africa.

Wiza Jalakasi, Director of Africa Market Development at Ebanx, a Brazilian payment company, delves into the dynamics of fintech growth in Africa. He highlights the influence of unique regulatory dynamics and evolving consumer preferences in shaping payment trends in different African markets. For instance, mobile money thrives in Kenya due to government support, while Nigeria opts for national bank-to-bank transfers. South Africa experiences a shift to instant electronic fund transfers due to online card fraud concerns. Jalakasi also emphasizes the benefits of African payment companies connecting to global payment options, allowing consumers to use local payment methods for various services beyond utility bills. The key trends across emerging markets include mobile-first and non-card-based online payments, with a strong focus on instant payment systems, like Brazil's Pix and India's UPI. This signals the growing significance of alternative payment methods in driving e-commerce across continents. 📊💰📈
 
#FintechAfrica #PaymentTrends #Regulation #ConsumerBehavior #Ebanx #DigitalPayments
 
Read more on <a href="https://restofworld.org/2023/3-minutes-with-wiza-jalakasi-ebanx/">Rest Of World</a>

How Regulation and Consumer Behavior Fuel Fintech Growth in Africa

Indian microblogging platform Koo gained traction in Nigeria after a temporary government ban on X in 2021. Prominent Nigerian political figures had endorsed Koo two years ago, but have now abandoned the platform. Experts believe the government’s endorsement was one reason why Koo failed to succeed in Nigeria.

🇮🇳 Indian microblogging platform Koo made a splash in Nigeria during the temporary ban on X (formerly Twitter) in 2021. Endorsements from Nigerian officials, including former President Buhari, initially boosted Koo's popularity. However, two years later, the platform has lost its appeal in Nigeria, with stagnant growth and a decline in users. Nigerians primarily used Koo out of curiosity and returned to X when the ban lifted. Koo's window of opportunity in Nigeria seems to have closed, as users prefer X, despite any shortcomings. 📉📲
 
#Koo #Nigeria #Microblogging #SocialMedia #X #MissedOpportunity
 
Read more on <a href="https://restofworld.org/2023/nigeria-koo-twitter-rival-flop/">Rest Of World</a>

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