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Unicorn Group to fund African Tech Ecosystem with $300 Million, Econet Shuts down Video Streaming Service Kwesè Play and More

Tech Gist Africa by Tech Gist Africa
07/05/2019
in Africa, Africa News, News
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Unicorn Group to fund African Tech Ecosystem with $300 Million, Econet Shuts down Video Streaming Service Kwesè Play and More
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Hello People!

Welcome to the beginning of a lovely weekend.

Flashback Friday got us thinking about the Forbes African 30 Under 30 Tech Heroes who are creating innovative solutions to serve our communities. Today, we published an article that celebrates them. What better way to celebrate our own than to tell their stories? Read for yourself!

Now for the Big 5 Daily,

 

Unicorn Group, a Pan-African investment firm has plans to invest $300 million in startups with solutions that solve African challenges. Early-stage startups that have technology-enabled solutions are eligible to receive the funds. This was announced at the TechMoney Innovation Summit which just recently took place.  

Workz Group has launched business operations in Dakar, Senegal. The UAE-based mobile solution provider deals in SIM, eSIM, Z-OT, scratch card printing, etc. the expansion to Dakar comes after its move to Johannesburg in June 2019. Workz Group is currently present in 60 countries and renders service to over 25 African network operators.


See also: Google Partners Telkom to Test-run Project Loon in Kenya, YouTube withdraws plans to Live-stream sports in South Africa Sports and More


Econet subscribers are having troubles streaming video services on Kwese Play via Roku in South Africa. This was noticed on the 3rd of July 2019 when subscribers received error messages whenever they tried to access the service. There have been several statements from both Econet and Roku regarding this situation but the issue is yet to be resolved.

Careem has shut down operations in Sudan. This was announced on Careem’s Facebook page and a spokeswoman has backed it with a statement. The decision to leave Sudan comes 3 months after Uber acquired Careem for $3.1 billion. The Sudan exit comes in the midst of the recent internet shutdown imposed by the military rulers to silence protesters.

The GreenHouse lab has called for Nigerian female tech startups to participate in an accelerator. The selected startups would be given a minimum of$100 000 from GreenHouse Capital, which excludes investments from other investors. Eligible starts have to publish a venture profile containing a recent pitch deck on the VC4Africa platform. Interested? Click here to apply. 

 

Thank you for sticking with us this week. Make sure you check our social media handles @techgistafrica for more gists. 

Enjoy a restful weekend.

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Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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