Kenya’s tech scene aka Silicon Savannah is on fire! At least, that’s according to commentators like Brenda Wambui, who’s recent blog posted on Medium threw serious shade the way of some looming figures in Kenya’s tech ecosystem following the diabolical fallout at cloud services firm, Angani.
It turns out that some of the details surrounding this story that we reported on some weeks ago— details whose validity we later questioned, might in fact be accurate.
In this week’s episode of the African Tech Round-up, Tefo Mohapi and Andile Masuku analyse the state of investor-founder relations at Angani in the light of Brenda’s candid piece, which clearly defends the honour of the company’s founders. We’ll also try to determine whether the allegations of corruption and abuse of power she levelled at the company’s investors are justified.
Additional Music Credits:
Music by Kevin MacLeod (incompetech.com)
Music licensed under Creative Commons: By Attribution 3.0
This week's instalment of the African Tech Round-up was recorded at the African Media Leaders Forum, which wrapped in Johannesburg on the weekend. And what a treat it is!
The show is an all-Africa affair— what with Mark Kaigwa stopping by. Mark is easily one of Kenya’s leading proponents of social media, as well as a respected innovator within digital tech in general. He is also the Founder and CEO of the Nairobi-based digital agency, Nendo Ventures— well-known for the Nendo Social Media Trend Report. You can look forward to hearing his insider’s take on several of the week’s biggest stories.
*tv informercial voice* But that’s not all… Cameroonian tech entrepreneur, Rebecca Enonchong, and South African business, branding and marketing legend, Thebe Ikalafeng, both make unexpected guest features on this week’s episode-- Rebecca sharing some strong views on whether she thinks the MTN will actually pay the $5.2 billion fine levied by the Nigerian Communications Commission, and Thebe dropping some wisdom around what Africa’s “new breed” of techies need to do to attain global relevance.
Additional Music Credits:
Music by Kevin MacLeod (incompetech.com)
Music licensed under Creative Commons: By Attribution 3.0
With so few high-flying start-up successes in Africa’s tech eco-system, one has to wonder just how alarmed we should get when word of job cuts and other such cost-cutting measures starts to dominate headlines. After all, this sort of thing happens in business all the time!
That said, why does it seem like Nigerian startups are having a particularly hard time at the moment? Following signs of distress showing up at the countries startup poster children, Jumia and iROKOtv in recent weeks, Nigerian daily deals site, Dealdey, has reportedly sacked 60% of its workforce. Curiously, the news of this broke on a popular Kenyan blog, courtesy of “sources familiar with the matter”.
In our discussion on the African The Round-up this week, Tefo Mohapi and Andile Masuku will briefly discuss what could be fuelling this apparent season of hardship on Nigeria’s tech startup scene. Also, listen in for all the most important digital, tech and innovation news from the past week.
Additional Music Credits:
Music by Kevin MacLeod (incompetech.com)
Music licensed under Creative Commons: By Attribution 3.0
It’s been a truly awful week for the MTN Group— what with a $5.2 billion fine imposed on MTN Nigeria (the group’s largest and most profitable subsidiary) by the Nigerian Communications Commission (NCC) for failing to disconnect unregistered SIM cards timeously, the news of which led to considerable market panic and a subsequent 16% drop in MTN’s share price.
This week, MTN also started fielding allegations of engaging in highly sophisticated tax evasion practices such as using transfer pricing to ship profits off to distant tax havens via their off-shore ‘businesses’, namely MTN Dubai and MTN International in Mauritius.
Meanwhile, the Johannesburg Stock Exchange has confirmed that they will be investigating MTN for possible insider trading that may have occurred around the whole handling of information regarding the NCC debacle. And so far, the MTN Group’s CEO’s efforts to engage with the Nigerian authorities concerning the unprecedented fine have yet to yield any form of relief.
Given all this, it’s unsurprising that MTN would feature in this week’s discussion on the African Tech Round-up. However, Tefo Mohapi and Andile Masuku couldn’t agree on an angle to frame their chat this week.
Tefo wanted us to unpack the regulatory challenges large telcos in Africa are facing in trying to innovate and grow their businesses across continent, while Andile was keen to debate the question of whether or not mobile operators like MTN might be obsolete in a few decades if they don’t refresh their legacy business models. So, they decided to let you in on their dignified little skirmish and let you decide whose topic suggestion wins the day.
Also in this week’s show, all the biggest digital, tech and innovation news from across the continent— including a progress update on Nigeria’s efforts to meet its 2017 analogue to digital migration deadline, and details on how much Kenya has lost to cybercrime in the last year.
Additional Music Credits:
Music by Kevin MacLeod (incompetech.com)
Music licensed under Creative Commons: By Attribution 3.0