TechNext Weekly: Jack Ma Announced a $10 million African Fund, #RemitaAppLaunch is Changing the Way we Bank

David Afolayan

Dear friends,

Last week was great for us and we hope it was for you too!

This is a review of the major tech events that happened over the course of last week and other some of life enabling information we shared with you on this platform. This is a precursor to our weekly newsletter that is in the works. Soon, we are going to inform you on how you may register to have your weekly and daily tech bits, before everyone else!

Jack Ma’s $10Million Fund

Last week, we informed you that the founder of Chinese e-commerce giant, Alibaba, Jack Ma has announced the provision of a Ten million dollars ($10 dollars) fund for Africa’s budding tech entrepreneurs. Jack Ma made this announcement during his visit to the Youth Connekt Africa Summit in Rwanda the week before.

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The fund is to be rolled out in partnership with African universities to teach internet technology, artificial intelligence and e-commerce as well. One of the packages to be offered to successful 200 benefiting entrepreneurs will be a visit to China to learn from Alibaba business processes.

Related post: Jack Ma Announces $10 million African Young Entrepreneurs Fund in Rwanda

MainOne, Avanti Unite to Take Broadband to Rural Areas

It was also in the news that MainOne has partnered with Avanti Communications Group PLC to deliver broadband services across a wider footprint in Nigeria. If achieved, this will be a serious boost to the bid to achieve the 30% broadband penetration target in the National Broadband Plan.

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The partnership will include the deployment of Avanti’s ECO solution to provide ECO Wi-Fi services to schools and communities, especially in the remote parts of the country where power availability and connectivity services remain a challenge.

Related post: Boost for Broadband Penetration as MainOne, Avanti Unite to Reach Rural Areas

Remitta App is now officially out!

On Thursday, SystemSpecs, a leading financial technology firm in Nigeria, released the full version of its innovative Remita Mobile Application, for both Android and Apple users. Among many other things, the app is designed to help individuals access all their bank balances from one point and conveniently make and receive payments across various bank accounts.

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While we might not be sure of many things yet, we are sure of one thing. The Remitta app is here and it is going to change how we all see banking!

Related post: Relevance of Banking Apps Under Threat After SystemSpecs #RemitaAppLaunch

FarmCrowdy to Participate in Techstars Accelerator Program

In another development, Farmcrowdy, Nigeria’s first digital agriculture platform, was selected by Techstars Atlanta as one of the members of the 2017 Class and the only African Startup to participate in its accelerator program in partnership with Cox Enterprises.

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The programme will commence in Q3 2017 with an intensive, boot camp-style program, with weekly mentor meetings, classes and training on various subjects ranging from marketing to sales to funding, and technical and business support.

Related post: Farmcrowdy is the Only African Startup to Participate in Techstars Accelerator Program

Have you seen the Tesla Model 3?

Well, Anderson told you from his experience that the Tesla Model 3 is the cheapest, fastest and sleekest electric car you have ever seen! If you have not seen the review, you need to.

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Just some tips: The car does not have a key or a key fob. Instead, it syncs with your phone through a Bluetooth connection and will automatically unlock as you approach. And, in case your phone dies, it has a portable key card that you can keep in your wallet. You can unlock it by swiping it across the car’s B pillar.

Related post: Tesla Model 3 is the Cheapest, Fastest and Sleekest Electric Car You Have Ever Seen!

Weekly Extra:

This week, we crunched the report of Mobile Number Portability (MNP) activities in Nigeria for the month of JUNE, as provided by Nigerian Communications Commission (NCC), for you.NCC Mobile Networks Porting Report- June

Enjoy your week!


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