Techpoint Africa Podcast

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109

July 21, 2022 00:33:28
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Why Kenya is after Nigerian fintechs

Lawsuits are flying across the tech space. The first involves a company called Meta suing Meta (formerly Facebook) for trademark violation. The company disclosed that it had been negotiating with Facebook over a peaceful settlement, but having failed to do so, they have resorted to a legal solution. eCommerce giant, Amazon is also suing Facebook group administrators for fake reviews, while Elon Musk vs Twitter has taken a new direction. But that's not all we discussed, as we talked about Russian banning crypto, Netflix's declining subscriber numbers, and Kenya's fascination with Nigerian fintechs. Timestamps 05:18 - Russia bans crypto 13:32 - Netflix's declining subscriber numbers 21:01 - Barrage of fraud charges in Kenya Useful links Vladimir Putin Bans Digital Payments in Russia Russia-Ukraine War: What $54m in crypto donations could mean for the global crypto market Netflix loses 970,000 subscribers, its largest quarterly loss ever Kenya’s grapple with cross-border fintech companies over money laundering could get messier To advertise or promote your brand, visit this link or send an email to business@techpoint.africa Scaling with stellar communication technologies at the Termii Elevate 1.0 Conference This episode was produced by Ogheneruemu Oneyibo Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories. ...

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108

July 19, 2022 00:35:23
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Trials of a fintech founder

African (especially Nigerian) fintechs have been unable to catch a break for some weeks now. From Flutterwave being embroiled in several controversies to virtual card shutdowns, being a fintech founder is becoming a hard job. Today on the Techpoint Africa Podcast, we discuss the virtual dollar card shutdown by many African fintechs and fraud charges against two Nigerian fintechs in Kenya. Timestamps 02:54 - MTN acquires Telkom  08:50 - Fintechs in Nigeria shut down dollar virtual card services 19:05 - Korapay and Kandon Technologies face fraud allegations in Kenya Useful links MTN in talks to buy Telkom to become South Africa No.1 Why your virtual dollar card is not working Two Nigerian-born American businessmen are going to prison after their company facilitated 'controversial' remittances of up to $160 million to Nigeria This episode was produced by Ogheneruemu Oneyibo Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.   ...

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107

July 14, 2022 00:32:43
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The "bank of the free" is no more free

Today's podcast travelled through three countries: Nigeria, Togo, and Senegal. Although the last one could more correctly be tied to Francophone Africa, but let's not get into technicalities. First on the list is Kuda, more popularly known as "the bank of the free", and its recent circular to customers informing them that they would start charging a ₦50 stamp duty charge on all deposits above ₦10,000. Understandably, Nigerians had quite a bit to say on this decision, and we did too. Timestamps 04:38 - Kuda Bank introduces ₦50 stamp duty 13:24 - Togo's e-Visa platform 19:26 - Wave lays off 15% of its staff Useful links Kuda Bank to charge customers ₦50 for deposits of ₦10,000 and above from July 15 Togo completes its e-Visa platform To advertise or promote your brand, visit this link or send an email to business@techpoint.africa Wave, a Stripe-backed African fintech valued at $1.7 billion, cut 15% of its staff in June Oui Capital's form for laid-off Wave employees Scaling with stellar communication technologies at the Termii Elevate 1.0 Conference This episode was produced by Ogheneruemu Oneyibo Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories. ...

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106

July 12, 2022 00:26:59
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Power sharing in Kenya

By now, it's no more news that Elon Musk officially intends to pull out of the Twitter deal. Not that anyone is surprised, but things could get really interesting. On the Techpoint Africa Podcast, we discussed Ghana's bid for a digital currency and Kenya Power's plans to enable customers to share electricity units. Timestamps 07:53 - Ghana plans to test e-cedi 18:05 - Kenyans electricity token sharing plans Useful links Musk Backs Out of $44 Billion Twitter Deal Over Bot Accounts Ghana plan to test its digital currency, e-cedi Kenya Power tests electricity tokens sharing Scaling with stellar communication technologies at the Termii Elevate 1.0 Conference This episode was produced by Ogheneruemu Oneyibo Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.   ...

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105

July 07, 2022 00:31:48
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Sango on the blockchain

E-hailing company, Bolt, has launched its African headquarters in Nairobi, Kenya and the question in the mind of some Nigerians is, why not Nigeria? On Today's episode of the Techpoint Africa Podcast, we kick things off with Bolt's decision to set up its African headquarters in Kenya. While Oluwanifemi and Emmanuel shared opposing views on whether Nigerians should be bothered about the news or not, the verdict remains Kenya was a better option.  Timestamps 3:57 - Bolt establishes African headquarters in Kenya 13:50 - Autochek acquires CoinAfrique 23:15 - Central African Republic launches Sango Coin Useful links Bolt plants African headquarters in Kenya Kenyan entrepreneurs welcome Google’s product development centre but could struggle to hold on to talent 5 drastic ways the Finance Act 2022 changes innovation in Kenya Autochek acquires CoinAfrique to grow its footprint in Francophone Africa CAR introduces Sango Coin This episode was produced by Ogheneruemu Oneyibo Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories. ...

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104

July 05, 2022 00:36:52
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What's Flutterwave up to?

Internet shutdowns on the African continent have come to be a norm. So much so that in 2020, Sub-Saharan Africa lost $237.4 million to Internet censorship. In Central Africa, the Sudanese government shut down the Internet in the country on Thursday, June 30, 2022, due to protests against the military government. This is at least the fifth time this is happening since 2019, and as Emmanuel says, it is "brute hammer tactics." Timestamps 3:39 - Sudan Internet shutdown 8:03 - Flutterwave's new hires 21:00 - MTI $1.7 billion fraud Useful links Sudan government shuts off internet ahead of anti-coup protest Flutterwave Appoints Former Goldman Sachs Managing Director, Gurbhej Dhillon as New CTO CFTC Charges South African Pool Operator and CEO with $1.7 Billion Fraud Involving Bitcoin The Derivatives Market in the World of Corporate Finance Scaling with stellar communication technologies at the Termii Elevate 1.0 Conference ...

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