Editor’s Notes
- Week 25, 2022
- Read time: 5 minutes
Hi.
This week we published a feature on one of Africa’s oldest fintechs, Cellulant. This story will take you back in time into an ecosystem that existed long before “tech sis” and “fintech dominance” were words. Enjoy.
Kelechi Njoku,
Senior Editor, TechCabal.
Editor’s Picks
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Kune’s brief tuneA year after Kenyans said it was solving a non-existent problem, food-tech startup Kune has shut down. Kune raised $1 million to provide cheap quality food to Kenyans, but the founder says it’s all gone. |
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Kenya’s president rejects the ICT BillGreat news for Kenya’s techies. President Uhuru Kenyatta has rejected the ICT Bill which wants to make all tech bros in Kenya register and pay tax before they can work in the country. It’s not the end for the bill though; the Kenyan Parliament still has some tricks up its sleeve. |
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BII to invest $200 million in AfricaWho says investments are drying up in Africa? Definitely not the British International Investment (BII) company. BII wants Africa to bii the best. It’s investing $200 million to construct hydroelectric power plants that will supply electricity to Rwanda, Burundi, the DRC, Madagascar, and Malawi. |
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Africa’s first vaccine factory is being builtDuring COVID-19, Africa had to depend on foreign aid to get vaccines. And millions expired before they could be used. BioNTech wants to make sure that never happens again. The German pharma company is building Africa’s first vaccine factory. |
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Amazon Prime commissions 3 exclusive films with NollywoodIf you loved how Netflix stuck its hand in Nigeria’s King of Boys or South Africa’s Blood and Water, then here’s more streaming news for you. Amazon has signed a deal with Nollywood that will see to the creation of 3 new films. |
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How one of Africa’s oldest fintechs evolvedFirst, it was a mobile content company providing caller tunes. Now, it’s a fintech company with a $100 million Series D in the works. Cellulant has reinvented itself. How did that happen? |
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Rwazi is providing data to African businessesHave you ever tried to find data on certain things in Africa? Like how many Africans own generators, and which brand of generators are preferred? It’s hard, but there are people solving it. Rwazi, for example, is going door-to-door to collect this data. How? |
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Moringa School set to launch in NigeriaIf you want to learn how to get into Africa, there’s never been a better time! More schools are expanding across the continent to teach people tech skills. Moringa School is one of them, and now, it’s planning to expand into Nigeria and Ghana. |
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Global Pick: Alexa wants to mimic everyone, even the dead!What if Alexa could sound like anyone instead of a bored gym instructor? That’s what Amazon plans to do. It’s introducing a feature that will let Alexa mimic anyone’s voice, even the dead. Simply record, and Alexa will mimic. |
Who brought the money this week?
- Ghana-based Fintech Fido raised $30 million.
- Kenyan insurtech startup mTek secured $3 million.
- Web3 startup Afropolitan raised $2.1 million to build its “digital nation”.
- Thepeer also raised $2.1 million to help businesses send money to each other.
- Kibo School raised $2 million to root African students in STEM learning.
- Tracking in $1.5 million is Healthtracka, a healthtech startup that helps people get lab tests at home.
