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The title of my first book is "Corporate Distancing"

get.Africa
The title of my first book is "Corporate Distancing"
By get.Africa Weekly • Issue #58 • View online
Utụtụ ọma,
That’s “good morning” in Igbo.
In many countries, March 2021 marks the first year anniversary of the first Covid lockdowns.
For many of us, it was also our first time hearing the term “Social Distancing”. 
Allow me to introduce another term for the first time: “Corporate Distancing”.
It’s the title of my first book.

Coming soon
Coming soon
What's the Big Deal?
+ ₦: Nigeria’s CcHUB Syndicate invests in Oneport 365, Stears Business and Taeillo. Oneport 365 is a B2B digital freight forwarding platform, Stears Business is a digital information company, while Taeillo is a lifestyle brand. The 3 startups, with valuations north of $17.5m, will receive $267,500 in bridge financing to hold them over till their next funding cycle.
+ ZAR: South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit to apply for a local digital bank licence in the Philippines.
+ XAF: Cameroonian fintech startup Diallo, has closed $3.5m in funding led by Lundin Group. This makes it the fourth francophone African startup to have raised over $1m in less than 6 months.
+ ZAR: South African fintech startup Stitch has announced a US$4 million seed round. The round was co-led by First Minute Capital and The Raba Partnership. The Stitch API allows developers to connect apps to financial accounts. 
+ Z$: Africa’s largest fiber company, Liquid Telecom, raises $840 million in bond. The money raised will support the growth and refinance of its parent company’s debt, Liquid Telecommunications Holdings Limited.
Reads
Kenya prepares to crack down on high-interest loan apps
Big shake-up at Takealot with CEO and CFO to step down
Class action lawsuit against Uber in South Africa
South Africa’s bizarre TV tax even baffles the tax collector
Online university: Is there room for growth in Nigeria?
Charts + Graphs
Source: Jumia (via Tech Crunch)
Source: Jumia (via Tech Crunch)
Despite losses in each quarter since going public, African e-commerce giant Jumia saw improvements in Q4 and FY2020. The company released its report last week and reactions have been largely mixed. Read an analysis of the report.
+ Reads
+ Paystack’s payout: Stripe might have acquired Paystack last year, but investors only started receiving their payments in February 2020. According to this report, early investors received 1,440% returns in 5 years. Some have written about their payout, namely iROKOtv co-founder Jason Njoku (paywall) and renowned angel investor Olumide Soyombo. This interview goes deeper into Olumide’s investment philosophy.
+ Nigeria’s not-so-expensive internet: This report claims that Nigeria has the least affordable internet in the world, which is at variance with this report, which says that unwanted distinction belongs to Senegal.
+ Ghana’s collaborative regulator: The central bank of Ghana has launched a fintech regulatory and innovation live testing pilot that will give preference to projects using blockchain technology.
+ Nigeria’s un-collaborative regulator: The central bank of Nigeria, on the other hand, is finding out that even the country’s vice president isn’t in support of its crypto ban.
+ RIP to ISPs in Africa: Elon Musk says that Starlink speeds will double in 2021 and that latency will drop. That’s a problem because Starlink’s speeds are already multiples of what local wireless providers do and the latency is already less than 50% of what they are able to give.
Watch + Listen
How Nigeria's Most Wanted Hacker Got Caught
How Nigeria's Most Wanted Hacker Got Caught
‎Why Safaricom's new "fair usage policy" in Kenya is bad
How retail investment platforms are racing to build the African Robinhood and Zerodha
The case for crypto with Bundle's Yele Bademosi
Overheard on Twitter
Name cannot be blank
Spotify probably wondering why everyone is relocating back to Africa.
Classifieds
+ I am writing a book. It’s a post-pandemic guide to remote work for African business. If you want to get updates, subscribe to the newsletter.
+ To make whiteboard animation videos like this for educational or marketing purposes, please send us an email.
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