Copia shuts down Ugandan operations
Copia Global is leaving Uganda, TechCabal has learned. The company says its decision is, “consistent with many of the best companies in Africa and across the world which are responding to the market environment and prioritising profit.” “Given the economic downturn and constrained capital markets are expected to continue for some time, Copia plans to double down on efforts to drive our founding Kenya business to sustainable, scaled profitability,” a company statement reads. In 2021, Copia set up shop in Uganda, a move which Tracey Turner, Copia Global founder and chair described as “ the next step” in fulfilling the company’s mission to reach Africa’s emerging middle class. “Uganda has one of the fastest growing middle classes in the world with a hard-working population and a dynamic entrepreneurial culture. Copia is designed specifically to serve this high growth but underserved consumer base who want access to high-quality products at the best prices,” Turner had said. Providing clarification about the decision to leave Uganda, CEO Tim Steel said, “This is the right move for Copia given the market environment,” He says Copia will work hard to reach the point where it can, “restart our Pan African plan.” “By focusing our resources on our Kenyan business, we can assure short-term profitability and long-term success. This means pausing our international expansion plans, including suspending our Ugandan operation,” Steel added. Copia says it has notified its agents and customers in Uganda of its departure and is already paying out outstanding commissions to agents. More than 350 employees will be impacted by Copia’s decision to leave Uganda and double down on Kenya. The firm says affected employees have been provided with a severance package. Agent commerce: how e-commerce in Africa is changing Founded in 2012 with operations commencing in 2013, Copia combines technology and a network of roughly 40,000 local agents to reach consumers in cities and towns across East Africa. Copia’s aggregation model allows it to pass on reduced prices from its vendor deals to customers. But the firm is also creating its line of branded products and has opened two facilities to package Copia-branded sugar and rice. Copia has disclosed a total of $103M in funding over 7 rounds according to data from Crunchbase. The latest investment was a $50 million Series C round led by Goodwell Investments which was announced in January 2022.
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Why the 2021 Infinix Note 10 is still a hit in 2023
The Infinix Note 10 is a top Infinix smartphone in the Note series. It offers impressive features and functionalities with a luxurious feel that makes it stand out from the competition. From its large and vibrant display to its powerful performance and long-lasting battery life, there are many reasons why the Infinix Note 10 is a smart investment for anyone in the market for a new phone. Its amazing display One of the main reasons to consider buying the Infinix Note 10 is its radiant display. The phone boasts a 6.95-inch Full HD+ display with a 90Hz refresh rate, which means that users can enjoy a smooth and immersive visual experience while using the phone. The display also features a high color gamut, which means that colours are more vivid and true to life, making it perfect for watching videos, playing games, or browsing social media. Excellent hardware In addition to its comely display, the Infinix Note 10 is also equipped with powerful hardware that makes it a great choice for performance-driven users. The phone features a MediaTek Helio G85 chipset, which is optimized for gaming and other demanding tasks, and is paired with 4GB/6GB of RAM and 64GB/128 of internal storage. This combination of hardware means that the phone can handle multitasking and intensive applications with ease, making it ideal for users who need a device that can keep up with their busy lifestyle. Its long lasting battery life Another key selling point of the Infinix Note 10 that bolsters its relevance in 2023 is its long-lasting battery life. The phone is equipped with a 5000mAh battery, which can last for up to two days on a single charge. This means that users can stay connected and productive throughout the day without worrying about running out of battery. Additionally, the phone supports 18W fast charging, which means that users can quickly recharge their device when they need to. An impressive camera system The Infinix Note 10 also offers an impressive camera system that allows users to capture high-quality photos and videos. The phone features a quad-camera setup, with a 48MP primary sensor, a 2MP macro lens, a 2MP depth sensor, and an AI lens. This combination of lenses means that users can capture a wide range of images, from detailed close-up shots to stunning landscapes. The phone also features a 16MP front-facing camera, which is perfect for taking selfies or making video calls. Its sophisticated software One of the unique features of the Infinix Note 10 is its XOS 7.6 software, which is based on Android 11. The software offers a range of features and customizations that allow users to personalize their phone to their liking. The phone also comes with a range of pre-installed apps, including Google Assistant and Xshare, which makes it easy to share files and documents with other users. A sleek and beautiful design In terms of design, the Infinix Note 10 is sleek and stylish, with a slim profile and a glossy finish. The phone is available in a range of colors, including Emerald Green, Black, and Purple, which means that users can choose a device that suits their personal style. Last thoughts on the Infinix Note 10 The Infinix Note 10 is a great choice for anyone looking for a top Android smartphone that offers impressive features and functionality at a relatively affordable price, especially compared to similar phones from other brands. It retails for between ₦120,000- ₦139,000 in Nigeria.
Read MoreWhy the 2021 Infinix Note 10 is still a hit in 2023
The Infinix Note 10 is a top Infinix smartphone in the Note series. It offers impressive features and functionalities with a luxurious feel that makes it stand out from the competition. From its large and vibrant display to its powerful performance and long-lasting battery life, there are many reasons why the Infinix Note 10 is a smart investment for anyone in the market for a new phone. Its amazing display One of the main reasons to consider buying the Infinix Note 10 is its radiant display. The phone boasts a 6.95-inch Full HD+ display with a 90Hz refresh rate, which means that users can enjoy a smooth and immersive visual experience while using the phone. The display also features a high color gamut, which means that colours are more vivid and true to life, making it perfect for watching videos, playing games, or browsing social media. Excellent hardware In addition to its comely display, the Infinix Note 10 is also equipped with powerful hardware that makes it a great choice for performance-driven users. The phone features a MediaTek Helio G85 chipset, which is optimized for gaming and other demanding tasks, and is paired with 4GB/6GB of RAM and 64GB/128 of internal storage. This combination of hardware means that the phone can handle multitasking and intensive applications with ease, making it ideal for users who need a device that can keep up with their busy lifestyle. Its long lasting battery life Another key selling point of the Infinix Note 10 that bolsters its relevance in 2023 is its long-lasting battery life. The phone is equipped with a 5000mAh battery, which can last for up to two days on a single charge. This means that users can stay connected and productive throughout the day without worrying about running out of battery. Additionally, the phone supports 18W fast charging, which means that users can quickly recharge their device when they need to. An impressive camera system The Infinix Note 10 also offers an impressive camera system that allows users to capture high-quality photos and videos. The phone features a quad-camera setup, with a 48MP primary sensor, a 2MP macro lens, a 2MP depth sensor, and an AI lens. This combination of lenses means that users can capture a wide range of images, from detailed close-up shots to stunning landscapes. The phone also features a 16MP front-facing camera, which is perfect for taking selfies or making video calls. Its sophisticated software One of the unique features of the Infinix Note 10 is its XOS 7.6 software, which is based on Android 11. The software offers a range of features and customizations that allow users to personalize their phone to their liking. The phone also comes with a range of pre-installed apps, including Google Assistant and Xshare, which makes it easy to share files and documents with other users. A sleek and beautiful design In terms of design, the Infinix Note 10 is sleek and stylish, with a slim profile and a glossy finish. The phone is available in a range of colors, including Emerald Green, Black, and Purple, which means that users can choose a device that suits their personal style. Last thoughts on the Infinix Note 10 The Infinix Note 10 is a great choice for anyone looking for a top Android smartphone that offers impressive features and functionality at a relatively affordable price, especially compared to similar phones from other brands. It retails for between ₦120,000- ₦139,000 in Nigeria.
Read MoreWhy the 2021 Infinix Note 10 is still a hit in 2023
The Infinix Note 10 is a top Infinix smartphone in the Note series. It offers impressive features and functionalities with a luxurious feel that makes it stand out from the competition. From its large and vibrant display to its powerful performance and long-lasting battery life, there are many reasons why the Infinix Note 10 is a smart investment for anyone in the market for a new phone. Its amazing display One of the main reasons to consider buying the Infinix Note 10 is its radiant display. The phone boasts a 6.95-inch Full HD+ display with a 90Hz refresh rate, which means that users can enjoy a smooth and immersive visual experience while using the phone. The display also features a high color gamut, which means that colours are more vivid and true to life, making it perfect for watching videos, playing games, or browsing social media. Excellent hardware In addition to its comely display, the Infinix Note 10 is also equipped with powerful hardware that makes it a great choice for performance-driven users. The phone features a MediaTek Helio G85 chipset, which is optimized for gaming and other demanding tasks, and is paired with 4GB/6GB of RAM and 64GB/128 of internal storage. This combination of hardware means that the phone can handle multitasking and intensive applications with ease, making it ideal for users who need a device that can keep up with their busy lifestyle. Its long lasting battery life Another key selling point of the Infinix Note 10 that bolsters its relevance in 2023 is its long-lasting battery life. The phone is equipped with a 5000mAh battery, which can last for up to two days on a single charge. This means that users can stay connected and productive throughout the day without worrying about running out of battery. Additionally, the phone supports 18W fast charging, which means that users can quickly recharge their device when they need to. An impressive camera system The Infinix Note 10 also offers an impressive camera system that allows users to capture high-quality photos and videos. The phone features a quad-camera setup, with a 48MP primary sensor, a 2MP macro lens, a 2MP depth sensor, and an AI lens. This combination of lenses means that users can capture a wide range of images, from detailed close-up shots to stunning landscapes. The phone also features a 16MP front-facing camera, which is perfect for taking selfies or making video calls. Its sophisticated software One of the unique features of the Infinix Note 10 is its XOS 7.6 software, which is based on Android 11. The software offers a range of features and customizations that allow users to personalize their phone to their liking. The phone also comes with a range of pre-installed apps, including Google Assistant and Xshare, which makes it easy to share files and documents with other users. A sleek and beautiful design In terms of design, the Infinix Note 10 is sleek and stylish, with a slim profile and a glossy finish. The phone is available in a range of colors, including Emerald Green, Black, and Purple, which means that users can choose a device that suits their personal style. Last thoughts on the Infinix Note 10 The Infinix Note 10 is a great choice for anyone looking for a top Android smartphone that offers impressive features and functionality at a relatively affordable price, especially compared to similar phones from other brands. It retails for between ₦120,000- ₦139,000 in Nigeria.
Read MoreWhy the 2021 Infinix Note 10 is still a hit in 2023
The Infinix Note 10 is a top Infinix smartphone in the Note series. It offers impressive features and functionalities with a luxurious feel that makes it stand out from the competition. From its large and vibrant display to its powerful performance and long-lasting battery life, there are many reasons why the Infinix Note 10 is a smart investment for anyone in the market for a new phone. Its amazing display One of the main reasons to consider buying the Infinix Note 10 is its radiant display. The phone boasts a 6.95-inch Full HD+ display with a 90Hz refresh rate, which means that users can enjoy a smooth and immersive visual experience while using the phone. The display also features a high color gamut, which means that colours are more vivid and true to life, making it perfect for watching videos, playing games, or browsing social media. Excellent hardware In addition to its comely display, the Infinix Note 10 is also equipped with powerful hardware that makes it a great choice for performance-driven users. The phone features a MediaTek Helio G85 chipset, which is optimized for gaming and other demanding tasks, and is paired with 4GB/6GB of RAM and 64GB/128 of internal storage. This combination of hardware means that the phone can handle multitasking and intensive applications with ease, making it ideal for users who need a device that can keep up with their busy lifestyle. Its long lasting battery life Another key selling point of the Infinix Note 10 that bolsters its relevance in 2023 is its long-lasting battery life. The phone is equipped with a 5000mAh battery, which can last for up to two days on a single charge. This means that users can stay connected and productive throughout the day without worrying about running out of battery. Additionally, the phone supports 18W fast charging, which means that users can quickly recharge their device when they need to. An impressive camera system The Infinix Note 10 also offers an impressive camera system that allows users to capture high-quality photos and videos. The phone features a quad-camera setup, with a 48MP primary sensor, a 2MP macro lens, a 2MP depth sensor, and an AI lens. This combination of lenses means that users can capture a wide range of images, from detailed close-up shots to stunning landscapes. The phone also features a 16MP front-facing camera, which is perfect for taking selfies or making video calls. Its sophisticated software One of the unique features of the Infinix Note 10 is its XOS 7.6 software, which is based on Android 11. The software offers a range of features and customizations that allow users to personalize their phone to their liking. The phone also comes with a range of pre-installed apps, including Google Assistant and Xshare, which makes it easy to share files and documents with other users. A sleek and beautiful design In terms of design, the Infinix Note 10 is sleek and stylish, with a slim profile and a glossy finish. The phone is available in a range of colors, including Emerald Green, Black, and Purple, which means that users can choose a device that suits their personal style. Last thoughts on the Infinix Note 10 The Infinix Note 10 is a great choice for anyone looking for a top Android smartphone that offers impressive features and functionality at a relatively affordable price, especially compared to similar phones from other brands. It retails for between ₦120,000- ₦139,000 in Nigeria.
Read MoreWhy the 2021 Infinix Note 10 is still a hit in 2023
The Infinix Note 10 is a top Infinix smartphone in the Note series. It offers impressive features and functionalities with a luxurious feel that makes it stand out from the competition. From its large and vibrant display to its powerful performance and long-lasting battery life, there are many reasons why the Infinix Note 10 is a smart investment for anyone in the market for a new phone. Its amazing display One of the main reasons to consider buying the Infinix Note 10 is its radiant display. The phone boasts a 6.95-inch Full HD+ display with a 90Hz refresh rate, which means that users can enjoy a smooth and immersive visual experience while using the phone. The display also features a high color gamut, which means that colours are more vivid and true to life, making it perfect for watching videos, playing games, or browsing social media. Excellent hardware In addition to its comely display, the Infinix Note 10 is also equipped with powerful hardware that makes it a great choice for performance-driven users. The phone features a MediaTek Helio G85 chipset, which is optimized for gaming and other demanding tasks, and is paired with 4GB/6GB of RAM and 64GB/128 of internal storage. This combination of hardware means that the phone can handle multitasking and intensive applications with ease, making it ideal for users who need a device that can keep up with their busy lifestyle. Its long lasting battery life Another key selling point of the Infinix Note 10 that bolsters its relevance in 2023 is its long-lasting battery life. The phone is equipped with a 5000mAh battery, which can last for up to two days on a single charge. This means that users can stay connected and productive throughout the day without worrying about running out of battery. Additionally, the phone supports 18W fast charging, which means that users can quickly recharge their device when they need to. An impressive camera system The Infinix Note 10 also offers an impressive camera system that allows users to capture high-quality photos and videos. The phone features a quad-camera setup, with a 48MP primary sensor, a 2MP macro lens, a 2MP depth sensor, and an AI lens. This combination of lenses means that users can capture a wide range of images, from detailed close-up shots to stunning landscapes. The phone also features a 16MP front-facing camera, which is perfect for taking selfies or making video calls. Its sophisticated software One of the unique features of the Infinix Note 10 is its XOS 7.6 software, which is based on Android 11. The software offers a range of features and customizations that allow users to personalize their phone to their liking. The phone also comes with a range of pre-installed apps, including Google Assistant and Xshare, which makes it easy to share files and documents with other users. A sleek and beautiful design In terms of design, the Infinix Note 10 is sleek and stylish, with a slim profile and a glossy finish. The phone is available in a range of colors, including Emerald Green, Black, and Purple, which means that users can choose a device that suits their personal style. Last thoughts on the Infinix Note 10 The Infinix Note 10 is a great choice for anyone looking for a top Android smartphone that offers impressive features and functionality at a relatively affordable price, especially compared to similar phones from other brands. It retails for between ₦120,000- ₦139,000 in Nigeria.
Read MoreWhy the 2021 Infinix Note 10 is still a hit in 2023
The Infinix Note 10 is a top Infinix smartphone in the Note series. It offers impressive features and functionalities with a luxurious feel that makes it stand out from the competition. From its large and vibrant display to its powerful performance and long-lasting battery life, there are many reasons why the Infinix Note 10 is a smart investment for anyone in the market for a new phone. Its amazing display One of the main reasons to consider buying the Infinix Note 10 is its radiant display. The phone boasts a 6.95-inch Full HD+ display with a 90Hz refresh rate, which means that users can enjoy a smooth and immersive visual experience while using the phone. The display also features a high color gamut, which means that colours are more vivid and true to life, making it perfect for watching videos, playing games, or browsing social media. Excellent hardware In addition to its comely display, the Infinix Note 10 is also equipped with powerful hardware that makes it a great choice for performance-driven users. The phone features a MediaTek Helio G85 chipset, which is optimized for gaming and other demanding tasks, and is paired with 4GB/6GB of RAM and 64GB/128 of internal storage. This combination of hardware means that the phone can handle multitasking and intensive applications with ease, making it ideal for users who need a device that can keep up with their busy lifestyle. Its long lasting battery life Another key selling point of the Infinix Note 10 that bolsters its relevance in 2023 is its long-lasting battery life. The phone is equipped with a 5000mAh battery, which can last for up to two days on a single charge. This means that users can stay connected and productive throughout the day without worrying about running out of battery. Additionally, the phone supports 18W fast charging, which means that users can quickly recharge their device when they need to. An impressive camera system The Infinix Note 10 also offers an impressive camera system that allows users to capture high-quality photos and videos. The phone features a quad-camera setup, with a 48MP primary sensor, a 2MP macro lens, a 2MP depth sensor, and an AI lens. This combination of lenses means that users can capture a wide range of images, from detailed close-up shots to stunning landscapes. The phone also features a 16MP front-facing camera, which is perfect for taking selfies or making video calls. Its sophisticated software One of the unique features of the Infinix Note 10 is its XOS 7.6 software, which is based on Android 11. The software offers a range of features and customizations that allow users to personalize their phone to their liking. The phone also comes with a range of pre-installed apps, including Google Assistant and Xshare, which makes it easy to share files and documents with other users. A sleek and beautiful design In terms of design, the Infinix Note 10 is sleek and stylish, with a slim profile and a glossy finish. The phone is available in a range of colors, including Emerald Green, Black, and Purple, which means that users can choose a device that suits their personal style. Last thoughts on the Infinix Note 10 The Infinix Note 10 is a great choice for anyone looking for a top Android smartphone that offers impressive features and functionality at a relatively affordable price, especially compared to similar phones from other brands. It retails for between ₦120,000- ₦139,000 in Nigeria.
Read MoreWhy the 2021 Infinix Note 10 is still a hit in 2023
The Infinix Note 10 is a top Infinix smartphone in the Note series. It offers impressive features and functionalities with a luxurious feel that makes it stand out from the competition. From its large and vibrant display to its powerful performance and long-lasting battery life, there are many reasons why the Infinix Note 10 is a smart investment for anyone in the market for a new phone. Its amazing display One of the main reasons to consider buying the Infinix Note 10 is its radiant display. The phone boasts a 6.95-inch Full HD+ display with a 90Hz refresh rate, which means that users can enjoy a smooth and immersive visual experience while using the phone. The display also features a high color gamut, which means that colours are more vivid and true to life, making it perfect for watching videos, playing games, or browsing social media. Excellent hardware In addition to its comely display, the Infinix Note 10 is also equipped with powerful hardware that makes it a great choice for performance-driven users. The phone features a MediaTek Helio G85 chipset, which is optimized for gaming and other demanding tasks, and is paired with 4GB/6GB of RAM and 64GB/128 of internal storage. This combination of hardware means that the phone can handle multitasking and intensive applications with ease, making it ideal for users who need a device that can keep up with their busy lifestyle. Its long lasting battery life Another key selling point of the Infinix Note 10 that bolsters its relevance in 2023 is its long-lasting battery life. The phone is equipped with a 5000mAh battery, which can last for up to two days on a single charge. This means that users can stay connected and productive throughout the day without worrying about running out of battery. Additionally, the phone supports 18W fast charging, which means that users can quickly recharge their device when they need to. An impressive camera system The Infinix Note 10 also offers an impressive camera system that allows users to capture high-quality photos and videos. The phone features a quad-camera setup, with a 48MP primary sensor, a 2MP macro lens, a 2MP depth sensor, and an AI lens. This combination of lenses means that users can capture a wide range of images, from detailed close-up shots to stunning landscapes. The phone also features a 16MP front-facing camera, which is perfect for taking selfies or making video calls. Its sophisticated software One of the unique features of the Infinix Note 10 is its XOS 7.6 software, which is based on Android 11. The software offers a range of features and customizations that allow users to personalize their phone to their liking. The phone also comes with a range of pre-installed apps, including Google Assistant and Xshare, which makes it easy to share files and documents with other users. A sleek and beautiful design In terms of design, the Infinix Note 10 is sleek and stylish, with a slim profile and a glossy finish. The phone is available in a range of colors, including Emerald Green, Black, and Purple, which means that users can choose a device that suits their personal style. Last thoughts on the Infinix Note 10 The Infinix Note 10 is a great choice for anyone looking for a top Android smartphone that offers impressive features and functionality at a relatively affordable price, especially compared to similar phones from other brands. It retails for between ₦120,000- ₦139,000 in Nigeria.
Read MoreMeta to layoff 4000 employees months after laying off 11,000
Meta, the parent company of the renowned social media platform Facebook, will begin a significant round of layoffs today, potentially affecting approximately 4,000 employees. Per Vox, this latest round of downsizing won’t be limited to just Facebook but is expected to also impact various technical teams across other Meta-owned platforms such as Instagram, Reality Labs, and WhatsApp. This decision comes on the heels of Meta CEO Mark Zuckerberg’s announcement in March, where he stated that the company would trim its workforce by an additional 10,000 jobs in the near future, in addition to the 11,000 job cuts that were already implemented in November 2022. It remains unclear which African countries will be affected, if any, despite the company having offices in South Africa and Nigeria where some of its engineers work. Lori Goler, Meta’s head of people, mentioned in the memo about the layoff that “some countries will not be impacted” but did not specify further. The memo mentioned that the notice of layoff would be communicated via email. This has left employees in a state of uncertainty, anxiously waiting to possibly receive layoff notifications between 12 and 1 PM WAT today, Wednesday. However, the uncertainty does not end here, as Meta has also planned another round of cuts for May, which will impact the business side of the company. Like other major tech companies, Meta is undertaking rigorous cost-cutting measures. These workforce reductions are a strategic component of CEO Mark Zuckerberg’s vision for a “year of efficiency” in 2023. In a Facebook post in February, Zuckerberg wrote, “Over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, cancelling lower priority projects, and reducing our hiring rates.”
Read More👨🏿🚀TechCabal Daily – Kenya rules against Meta
Lire en français Read this email in French. 19 APRIL, 2023 IN PARTNERSHIP WITH Good morning Instagram is listening to its users. Yesterday, Mark Zuckerberg announced that Instagrammers can now add up to five links in their bio. This is great news for companies and SMEs who have to subscribe to third-party apps like Linktree in order to list more than one link on their pages. Not so great news for Linktree, though. In today’s edition Kenya rules against Meta Autochek acquires Egypt’s AutoTager Netflix to expand African operations The World Wide Web3 Opportunities KENYA RULES AGAINST META Kenya isn’t smiling with big tech companies. The Kenyan High Court has issued an order prohibiting Meta, Facebook’s parent company, from using any third-party content moderator company other than Sama to examine its platform’s content. The order comes after Meta disobeyed earlier orders to solely work with Sama as its content reviewer until the case about Sama’s working conditions was heard. Meta had gone against the order and employed unnamed “global partners” to handle its content moderation in sub-Saharan Africa. Sama’s poor working conditions: Last year, Sama was accused of treating its content moderators poorly and illegally firing some. Amidst these allegations, Sama announced that its agreement with Meta expired on March 31, 2023. It also shut down its content moderation division to focus on labelling—computer vision data annotation. Due to these changes, Sama planned to lay off over 200 moderators but hasn’t been able to do so due to court orders stemming from the lawsuits concerning its contract with Meta. So even though it has no content moderation going on, Sama is still paying its content moderators, which it claims have been on paid leave since April. A new player: Meta hired Majorel, a different content moderation company, to replace Sama. However, Meta can’t work with Majorel due to court orders to work with only Sama. The lawsuit also accuses Majorel of refusing to employ moderators who used to work with Sama. Majorel argues that this court decision would waste the investment they made in setting up a hub in Kenya in 2022. At the moment of writing this, Meta has not disclosed who its new content moderators are. So far, there’s nothing indicating Meta will not ignore this order the same way it disregarded the earlier one. WORK WITH MONIEPOINT At Moniepoint, we’re creating the best workplace for global talent using the 4M framework- Meaning, Membership, Mastery and Money. This isn’t an ad designed to convince you to join us, but it has all the reasons why you should. Watch it here. This is partner content. AUTOCHEK ACQUIRES MAJORITY STAKE IN EGYPT’S AUTOTAGER Autochek, a Nigerian automotive technology company, has acquired a majority stake in AutoTager, an Egyptian automotive technology company, as part of its expansion into Egypt. This marks Autochek’s second acquisition in North Africa, following its acquisition of Moroccan KIFAL Autos last year. It also marks Autochek’s sixth acquisition in the past two years as the company expands its presence across East, West, and North Africa. Egypt’s pressing need: Thanks to its strategic position and large population, there is a huge demand for cars and auto financing solutions in Egypt. In 2021 alone, over 215,000 cars were sold in Egypt, creating a wave of new jobs for the local workforce. AutoTager provides vetted vehicles, financing options, and technology solutions to connect dealers with buyers and improve its operations. Through this partnership with AutoTager, Autochek aims to provide Egyptians with the much-needed infrastructure to make car ownership more accessible and affordable for everyone. NETFLIX TO EXPAND OPERATIONS IN AFRICA Looks like subscription prices are not the only thing Netflix is increasing. The streaming giant has announced plans to also increase its presence in Africa, following the success of its local content production ventures in the region. According to a recently released impact survey report, Netflix claims to have invested €160 million ($176 million) in film content production in Africa since 2016, creating over 12,000 jobs in Nigeria, Kenya, and South Africa. For South Africa alone, the service has reportedly budgeted $63 million for 2022–2023. Africa is still watching: The expansion is expected to help Netflix establish itself as a dominant player in the African market, with the increasing demand for local content and rising competition from other streaming platforms. Zoom out: Netflix’s move to expand comes on the back of the success of its South African series Blood and Water, which achieved significant international acclaim in 2020, ranking first in the United States. EXPLORE FINTECH WITH TEMPLARS Join African law firm TEMPLARS an international law firm Clifford Chance for their tech roundtable Perspectives on Fintech in Nigeria. Explore the latest fintech trends with global investors, policymakers, and leaders. Register now for insightful discussions and networking. This is partner content. THE WORLD WIDE WEB3 Bitcoin $30,033 + 1.22% Ether $2,068 – 1.62% BNB $336 – 2.42% Cardano $0.43 – 1.78% Name of the coin Price of the coin 24-hour percentage change Source: CoinMarketCap * Data as of 06:30 AM WAT, April 19, 2023. Venture funding for Africa’s blockchain industry rose by 500% in 2022. A new report by CV VC and Standard Bank shows that startups in Africa employing blockchain technologies raised a total of $474 million in 2022, compared to $89.6 million a year earlier. Is a crypto-specific regulation coming to the UK soon? CNBC reports that the economic secretary to the UK treasury, Andrew Griffith, has noted that Britain is working on cryptocurrency legislation that may be implemented within the next 12 months. Israel’s central bank is presently exploring whether stablecoins and CBDCs can be useful. CoinDesk reports that the Bank of Israel is outlining scenarios where CBDCs and stablecoins would come into play in its society for both international and domestic use. IN OTHER NEWS FROM TECHCABAL SeamlessHR partners with Moniepoint to revolutionise payroll management. How digital identity can boost the African banking industry. OPPORTUNITIES The SaaS Accelerator Program: Africa 2023 has opened applications for its
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