TechCabal Daily, 749 - Mastercard Europe Gives Jumia IPO A Confidence Boost With $56 million Private Placement

Ugandan Payments and E-commerce Company, Xente, Expands into Nigeria [View this email in your browser]( 02 - 04 - 2019 Hello there and welcome! Please take a moment to [subscribe]( to our newsletter, if this mail was forwarded to you, and have it delivered directly to your mailbox. Ugandan payments and e-commerce company, Xente, has [berthed]( in Nigeria. Nigeria will become its first home outside Uganda and users will be able to order for and have delivered to them, items from Ugandan merchants. They'll also be able to make payment in installments or using mobile money. Xente says it plans to expand into three more countries - Kenya, South Africa and Tanzania - before the end of April. Xente's entry into the Nigerian market comes at a time when the [fate of ecommerce companies]( have raised questions about the viability of e-commerce in the country vis a vis Jumia [listing]( on the New York Stock Exchange. Jumia, ahead of its listing on the New York Stock Exchange, has [confirmed]( a $56 million private placement from Mastercard Europe, a confidence boost for the African e-commerce company whose public listing comes amid widening losses. The company has set its share price at a range of US$13 - $16 per share. Find out more about Jumia's IPO in this [Quartz article](. According to [Techzim]( Zimbabwe has received USD$400, 000 from the International Telecommunications Union to deepen its fight against cyber threats. Cyber crimes are on the [rise]( in Zimbabwe, with law enforcement most times expressing [helplessness]( in dealing with these cases. The Deputy Director General of the Postal and Telecommunications Regulatory Authority of Zimbabwe says the government is looking to set up a research committee to draw up a national approach to handling cyber threats. The funds will be committed to supporting their activities. Global financing and consulting company, KPMG, has [unveiled]( findings from a CFO Outlook Survey. The survey questioned a variety of Chief Financial Officers about their outlook on 2019 in relation to their organisations and how the government can create a more enabling business environment in Nigeria. Some findings of the survey show that 84% of the respondents agree that efforts to ease doing business is yet to have impact on a lot of business in the country while 67% of respondents say regulatory irregularities and talent are top impediments to organisational growth. Nigerian human resource platform, SeamlessHR, has [raised]( pre-seed funding from US-based VC firm Tofino Capital. The company says the funding will enable them drive expansion as well as grow their team. The [platform]( provides a robust end-to-end human resource management solution for organisations, from hiring to training and managing work force. South Africa's University of Pretoria has [launched]( a research campus, Future Africa Institute. The multi-disciplinary science [institute]( will support innovative research projects seeking to solve new and emerging challenges in the continent, from ideation to execution. Dimeji Falana, co-founder and CEO of Edves has [made the list]( of 25 founders for the 2019 Westerwelle Young Founders Programme. Edves is a school management software that offers learning institutions a comprehensive management platform from enrollment to personalised learning for students and educators using artificial intelligence. The [programme]( is a six-month long programme that offers entrepreneurs business support and access to an international network. [Applications]( are now open for the Kaduna Digital Entrepreneurship Incubation Program, a six month training and mentorship program for entrepreneurs based in Kaduna state, Nigeria. The program is organised by Ventures Platform Foundation in partnership with the Kaduna state government. [Apply here by May 12, 2019](. What makes an A+ founder? This short piece on [Ventures Platform]( gives us some answers. From TechCabal + [Disrupting Insurance In South Africa: A Pineapple Story]( + [Despite Increase In Tariffs, Nigeria’s Solar Industry Remains Resilient]( That's it for today. See you tomorrow! - Kay Be a blessing to someone, share the digest. [Share]( [Tweet]( [Forward]( Copyright © 2019 Big Cabal Media, All rights reserved. You are receiving this email because you signed up on TechCabal.com Our mailing address is: Big Cabal Media Plot B, Block 1, Industrial Avenue, Ilupeju Industrial EstateIlupeju 100252 Nigeria [Add us to your address book]( Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.