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Starlink in Africa - hype vs. reality

Starlink in Africa - hype vs. reality
By get.Africa Weekly • Issue #69 • View online
Attam bulte,
That’s “good morning” in Oromo
After an initial mistake that reportedly cost the country $500m, Ethiopia’s state-owned telecoms company, Ethio telecom, recently launched its own mobile money service. While this is a significant milestone in a country that many consider as one of Africa’s sleeping technology giants, do you know the name of Ethiopia’s first-ever mobile money service?
B. TeleBirr
C. EthioCoins
(Hint: The Ethiopian currency is the Birr)

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Credit: Clip Art
Credit: Clip Art
What's the Big Deal?
+ ZAR South African ed-tech startup iXperience has secured a US$2.5 million Series A funding round to build out its product and scale internationally. Founded in 2013 , iXperience started life as a coding boot camp and has since become an industry leader in career-focused skills training. 
+ XAF Maviance, a Cameroon-based company providing digital financial services, has raised $3 million in equity financing. The investment is solely from MFS Africa, the cross-border fintech company that’s now making a number of serious investments.
The bull case for WhatsApp Pay in Africa
The motorcycle ride-hailing wars in Nigeria and Uganda are SafeBoda’s to lose
Banking and crypto give Kenya’s embattled digital lenders a new playbook
Why SPACs aren’t targeting African startups
Facebook to be summonsed before South Africa’s parliament over "harmful misinformation"
Charts + Graphs
Credit: Ali Hussein Kassim
Credit: Ali Hussein Kassim
Safaricom has a market cap greater than Kenya’s top commercial banks combined.
+ Reads
+ More Q1 reports: Telecom giant Airtel Africa has released its financial report for Q1 2021. It increased its data and mobile money subscribers and also saw a massive rise in profits. Also, Jumia’s report is in. And despite $33 million in revenue, investors don’t seem impressed.
+ Is this what you really want? After protests and threats of class-action suits, Uber increases prices in Kenya and Nigeria.
+ Like Ghana, like Nigeria? A startup bill for Nigeria is being discussed between founders, investors and government reps. In Ghana, a similar startup bill is gaining steam.
+ Suffering from success: After reportedly attracting $84m worth of investment last year, Cape Town is emerging as Africa’s tech hub (Paywall). But not everyone is impressed. Some indigenes are taking Amazon to court over plans to locate its HQ in Cape Town.
+ Turning the corner: After initially being called out by Nigeria’s SEC, Chaka cofounder now says their company is getting on the same page with the regulator. (Paywall)
Watch + Listen
What is USSD?
What is USSD?
Safaricom's FY 2021 results and integrating M-PESA into Amazon
‎Fintech for inclusion and importance of persistence
Ingressive's role in the tech ecosystem, fundraising, and selection process
Overheard on Twitter
Ububele 🇿🇦
The distinction between startups in Nigeria vs in South Africa is as follows:

Nigeria; “We are building a US Company with its first market being Nigeria”.

South Africa; “We are building for the local market but we will consider expansion if there’s an opportunity”
The state-owned telco recently launched TeleBirr but the first mobile money service is M-BIRR. It was launched in 2001.
The state-owned telco recently launched TeleBirr but the first mobile money service is M-BIRR. It was launched in 2001.
I'm writing a book on remote work for African businesses
I'm writing a book on remote work for African businesses
+ Register a .ng domain name for your business today.
+ To make whiteboard animation videos like this for educational or marketing purposes, please send us an email.
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