Launching a start-up in Africa is not for the faint-hearted. Very few promising ventures-- even those that achieve solid traction, can expect to land Silicon Valley-type investment offers that might allow a founder the liberty to concentrate solely on growth, versus say, survival.
This week's discussion is inspired in part by a recent blog post by iROKOtv Founder and MD, Jason Njoku, written in response to a question posted on a popular Nigerian tech message board by someone who was curious to know how many Nigerian startups are in fact profitable.
Tefo Mohapi and Andile Masuku weren't quite sure of what to make of both the question and and Jason's subsequent response to it, so they decided to bounce some ideas around to try and determine which of these three:
1) Growth,
2) Profitability, or
3) Being cashflow positive,
African startup founders should focus on in order to succeed. Consider this just the start of a very long conversation that will definitely continue.
We are joined by Jovago.com Founder and MD, Marek "Chinedu" Zmyslowski on this week's African Tech Round-up while he was in Johannesburg on business. It was very kind of him to let us hijack him for a couple of hours, and include his two cents on this week's news and discussion topic.
Be sure to catch all the week's biggest digital, tech and innovation news:
-- Kenya and South Sudan are set to start work on a multi-million dollar high-speed fibre optic cable within the next two years,
-- The Consumer Federation of Kenya is leading a boycott of DSTV over high cable subscription rates,
-- Nigerian e-commerce platform Yudala is keen to pull an 'Amazon' as it plans to roll out a traffic-beating drone-delivery service,
-- South Africa’s largest online news platform, News24, has finally opted to disable public comments to articles posted on their website,
-- Facebook 2nd Quarter African User numbers reveal some fascinating trends,
-- Singtel, Orange, Deutsche Telekom and Telefónica are joining forces to launch a VC initiative spanning Southeast Asia, Africa, Europe, Latin America and the Middle East, and
-- A quick reminder to anyone living in South Africa that public comments on the proposed new Cybercrimes and Cybersecurity Bill are to be submitted to the Department of Justice and Constitutional Development on or before November 30th.
You probably remember how popular Nokia's 3310 device was when it launched back in 2000. Affectionately known as “Die Hard” by ardent fans, it was for many the possession that would make them truly feel a part of 21st Century civilisation.
It’s pretty incredible how far mobile telephony has come in the 15 years since Nokia launched the record-breaking 3310 handset. Who could have guessed that in 2015, Nokia would be a faltering giant, Africa would be at the forefront of the world’s mobile-first/mobile-only revolution, and that much of the continent’s “connected” population would be almost exclusively reliant on mobile devices to access the world-wide-web?
In this week’s discussion, Tefo Mohapi and Andile Masuku chat about some of what’s changed (or hasn’t) in the mobile phone technology space over the last decade and a half, and ponder what innovations we should expect to see emerge as we sail into a future which promises ever more technological advancement.
Also in this week's African Tech Round-up, all the week's biggest digital tech and innovation news:
-- Suspects nabbed in illegal South African government order scam,
-- A University of Pretoria post-graduate student wins a prize for a clever asthma attack predictor, and
-- Nigeria plans to deploy aerial drones in effort to combat oil theft at its ports.
This episode was brought to you by e-magination.co.za, an information management and business intellegence solutions company.
Music Credits:
Music by Kevin MacLeod (incompetech.com)
Music licensed under Creative Commons: By Attribution 3.0
creativecommons.org/licenses/by/3.0/
Back in Episode 3 of the African Tech Round-up we asked the question: “What is a startup?” A lively discussion ensued— inspired by an eloquent piece written by David Adamo Jr, a Nigerian Computer Science PhD student at the University of North Texas.
Since then, the highly-opinionated founder of Hotels.ng, Mark Essien, and Project Isizwe CEO, Alan Knott-Craig Jr, have both since penned articles (When Startups In Nigeria Suddenly Got Serious and Venture Capital In Africa Is Hard) which contribute to answering a more pointed question we’re asking in this week’s show: “What defines an African startup?”
Can African tech startups be defined in the same terms as those currently being born and raised in Silicon Valley? Are there certain universal standards (i.e. minimum levels of traction in the form user on-boarding, cashflow, etc) that must be met in order for a business owner to claim the coveted title of “startup founder”?
Tefo Mohapi and Andile Masuku's discussion this week adds to a debate that we hope everyone in Africa’s tech eco-system will continue to jump in on.
Also, catch up on all the week’s biggest tech, digital and innovation news from across Africa:
-- Safaricom poised to start charging banks for bank-to M-Pesa transfers,
-- Google Transit launches in Kenya and attempts to aid users of public transport,
-- Nest VC establishes a presence in South Africa through a partnership with Cape Town Garage,
-- Android One’s Infinix Hot 2 smartphone selling like hotcakes in Nigeria,
-- Google announces that they have reached a 10 million user milestone in Nigeria,
-- South African mobile network, Cell C, discontinues free WhatsApp promotion, and
-- South African airline FlySafair server crash following slash price ticket campaign.
Music Credits:
Music by Kevin MacLeod (incompetech.com)
Music licensed under Creative Commons: By Attribution 3.0
creativecommons.org/licenses/by/3.0/
For many recently married couples, the diamond engagement ring is one of their biggest assets— albeit an emotional asset, symbolising love and lifelong commitment. In financial terms it isn’t an asset at all, considering the fact that it loses at least 50% of it’s retail value the moment you leave the jewellery store. Rough, isn’t it?
And yet still we feel compelled to buy diamonds for our loved ones, and continue to fuel a global billion-dollar industry. One has to admire the ingenious marketing strategy drafted and executed by the N.W. Ayer ad agency in the early 1900s for their client, De Beers, which resulted in the world attaching value to a commodity that’s not nearly as rare (or as necessary) as we were led to believe.
In this week’s African Tech Round-up, Tefo Mohapi and Andile Masuku discuss the the implications of low-cost smartphone penetration on the continent. The increase in internet use via mobile devices has undoubtedly delivered certain advantages. But when you consider how issues like the prevalence of preventable diseases, hunger and limited access to basic education continue to be a daily reality faced by many Africans, the importance of whether or not you have a smartphone might be in question.
So, just how important and necessary is this so-called “mass exodus” from feature phones to smartphones, and could the Android-brigade (led by Google and its mobile device manufacturing homies) be stimulating the demand for the smartphone the way De Beers did for diamonds near the turn of the century?
Also in this week's episode, all the week's biggest digital, tech and innovation news:
-- Vodacom South Africa rolls out voice-over-WiFi calling,
-- The Nigerian Communications Commission poised to deactivate 10.7 million mobile lines over various networks,
-- Kenyan banks are finally getting in on the mobile money craze in a big way,
-- Uber Kenya sees their user numbers triple following the introduction of Uber Cash,
-- The embattled Passenger Rail Agency of South Africa is reeling following a train crash,
-- Thousands of South Africans reportedly implicated in the Ashley Madison data dump, and
-- Google rolls out its Android One programme is Nigeria, Ghana, Ivory Coast, Kenya, Egypt, and Morocco.
Music Credits:
Music by Kevin MacLeod (incompetech.com)
Music licensed under Creative Commons: By Attribution 3.0
creativecommons.org/licenses/by/3.0/