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27 - 03 - 2019

Hello! How's your week going? Welcome to today's edition of TC Daily. If you haven't, please take a moment to subscribe so you have this delivered directly to your mailbox.

Morocco-based early-stage VC fund, Outlierz Ventures, has made investments in five tech startups across different markets. The startups are, WaystoCap (Morocco), Sokowatch (Kenya), Asoko Insight (UK, Ghana, Nigeria, Kenya, Ethiopia & Tanzania), TousFacteurs (France), and MaxAB (Egypt). They received investment tickets range between $50k and $500k in seed stage and pre-series A funding.
Ride-hailing company, Bolt (previously called Taxify) has revealed its plan to launch a food delivery service in South Africa. No date has been confirmed yet but the company has started signing up restaurants and drivers. Bolt will be up against UberEats and Naspers-owned Mr D Food. Mr D Food has a network of over 1,400 restaurants and delivers to over 1,900 suburbs in South Africa, while UberEats has a network of approximately 1,200 restaurants across Gauteng and Cape Town.
The CcHub Design Lab which was launched in Kigali last month has announced its first Designers Hangout. The hangout will hold at the lab on Friday, March 29 at 6:00pm. You can request an invite to the event here.
Tech Women Lagos Opening Weekend [Video Highlights]
The Tech Women Lagos AUDACITY exhibition ended last weekend. But, we've got some highlights from the exhibition. Also, you can still check out the portraits and stories of the women celebrated in the series on - www.techwomenlagos.com. Enjoy!
The Nigerian government has asked a Lagos court not to block the $2 billion penalty it imposed on MTN in 2018 for evading taxes. MTN argued in court that the attorney-general who imposed the penalty had no right to do so. The case was adjourned until 7 May. MTN’s share price has fallen 16% since it was hit by the penalty last year.
Africa's Talking, has undergone internal restructuring as part of its plans to scale to more African countries. The company has incorporated an umbrella organisation called Africa's Talking Group that will house two companies; Africa's Talking and Africa's Talking Labs (AT Labs). In addition to this, Bilha Ndirangu, who was Chief Commercial Officer, Africa's Talking, steps up to be CEO, Africa's Talking while Samuel Gikandi, previous CEO and co-founder of Africa's Talking will take up the role of CEO, AT Labs. Although Africa's Talking will continue to provide communications and payments APIs to developers and businesses, AT Labs focuses on providing support and mentorship to developers to create tech products and startups. It first announced AT Labs, as a program called Africa's Talking Studio, in April 2018, after it raised $8.6M Series A funding from IFC Venture Capital, Orange Digital Ventures and Social Capital. Duara (hosting), Alika (Entertainment), Fablab (makers space), Focus Mobile (customer management platform) are some of the portfolio companies of AT Labs.

Naspers is set to create the largest listed consumer internet group in Europe by asset value. The new group comprising its international internet assets namely Tencent, India's Swiggly and Russian internet platform, Mail.Ru, will be listed on Euronext, the European stock exchange based in Amsterdam. While Naspers will access a larger capital pool by listing on Euronext, it will also reduce its weighting on the Johannesburg Stock Exchange.

Nigeria's First City Monument Bank is calling for fintech startups with payments and savings solutions to join its pitch competition. Apply here before April 8. Learn more here.

Are you an AR/VR enthusiast or developer in Africa? Imisi 3D is conducting a survey to understand how you are getting on in your AR/VR journey and what support you think is needed. Do fill this form to share your thoughts. All entries completed before March 28th will get an opportunity to participate in a $50 Amazon voucher prize draw.

The WISH Africa Expo 2019 has announced the theme for its 2019 event, "What is African!". The theme was designed to displace assumptions and illuminate opportunities. Each sector of the expo has been selected with the aim of ultimately promoting the development of that industry. The sectors include Tech, Fashion, Real estate & architecture, Food & drink, Art & design. Get your early bird tickets here. Find out more here.
The digitalswitzerland initiative is now accepting applications from startups across the world interested in participating in the Swiss Market Entry Bootcamp. The program will allow 50 international startups explore the Swiss Innovation Community and will also connect participants with leading Swiss corporations, accelerators, incubators and public institutions. Apply here before April 23. Learn more about the program here.
The World Bank is seeking innovative social enterprises in the last mile delivery and agriculture on sectors behalf of the Liberian government. The bank is looking for entrepreneurs with proven business models willing to replicate and scale their businesses in Liberia to improve last mile service delivery or create jobs for marginalized populations. Apply here by April 5.

From TechCabalTaxify (Barely) Beats ‘King’ Uber in the Battle for LagosWhat Does a Working Inclusion Model Look Like in African Tech?

That's All. We'll see you tomorrow! - Olanrewaju

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