No more Netflix and Chill in SA

The streaming service has blocked password sharing in South Africa.                                                                                                                                                                                                                                                                                                                                                                                                                 July 21, 2023 | [Read Online]( The streaming service has blocked password sharing in South Africa. In partnership with Share this newsletter: //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxf61Sy8xTfQS1bcWNVCla3e_q-TeJBgeiKmASqzJbTcJ03eUqV2Lj40pfcuEMJeuR7tDuaCEgIS6rMJueCKg8k1oG3YG9-A_iyM6_oEltweEw/3y2/eDUIM6whRGqTQ8PErBDWnQ/h2/1TYP_ZPaM42ZJL5EC7cmkoVFQoTj-5lpIqKSrCcfO8s [Lire en Français]( [اقرأ هذا باللغة العربية]( TGIF ☀️ AI is coming for TechCabal reporters’ jobs. 💀 Google says it's [working on an AI tool]( that can source for and write news. Google says it won’t replace reporters though; it’s only here to assist, and we agree. I mean, how will people enjoy the news if it isn’t laced with the occasional typo and jabs at Elon Musk’s mismanagement of Twitter?🤷🏾 In today's edition - [Quick Fire 🔥 with Jessica Uche]( - [Netflix cracks down on password sharing in SA]( - [Ethiopia ends five-month social media ban]( - [Funding Tracker]( - [The World Wide Web3]( - [Event: TC Live]( - [Job openings]( Quick Fire 🔥 //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxf61Sy8xTfQS1bcWNVCla3e_q-TeJBgeiKmASqzJbTcJ03eUqV2Lj40pfcuEMJeuR7tDuaCEgIS6rMJueCKg8k1oG3YG9-A_iyM6_oEltweEw/3y2/eDUIM6whRGqTQ8PErBDWnQ/h15/Y4cXxhEX72SxeX7sHbBs4BKeNaFRscum2fDCw_iSWIY How Jessica Uche thinks about business [Jessica]( is at the intersection of businesses and technology. Building a career that spans human resources, media, logistics, consulting, and fintech, she enjoys leveraging technology to drive business, product, and revenue growth while fostering strategic partnerships. She is presently the country director for Native Teams Limited, leading business, revenue, and product development. [Jessica Uche](Jessica Uche Explain your job to a five-year-old. I enable companies hire and pay their employees and contractors in 59+ countries. You recently assumed the country director position at Native Teams. What are your biggest learnings? That strategic partnerships are underrated drivers of business and revenue growth. I have learned to leverage collaboration over competition to scale. In-depth geographical and market research is definitely not one to be overlooked as it is largely key to successful business expansion. Regarding product development, I have learned that it is best to build products based on obtainable market realities, then iterate constantly following direct user feedback. The most interesting of them is that Nigeria is about 90% a commission-based market than subscription-based. This was quite tricky for me to navigate, but we found our way around our target audience after several pricing model iterations. What skills would you say have been critical to your career growth and trajectory? Quite a few. Strategic business development, for one. Then business relationship management, stakeholder management, project management and strategic partnerships. Is there any way you think AI will play into business development? I believe AI is already in play in core business development. Renowned BD and CRM tools are already AI-embedded and are being leveraged by big tech. However, it is essential to make accessibility to business development AI more revenue level. What would you say are the steps companies looking to penetrate new markets should take? Companies should not glide over the market research aspect of business expansion. Not all markets that look attractive from a numbers perspective will generate revenue directly proportional to headcount numbers. Local and legal compliance should be non-negotiable when considering/entering new markets. An in-depth understanding of regulatory expectations and local compliance should not be underestimated. Global expansion comes with challenges peculiar to each country and market audience. Hence companies must devise effective go-to-market strategies to navigate unique market complexities, build products to suit specific markets, and scale operations accordingly. What would you say are your proudest achievements? Here are three of them: - Going from BDM to Country Director in one year is definitely top-table. - Leading a business that is subscription-based in a commission-based market. - Closing deals worth over $723,000 across twelve different countries. What interesting pieces are you reading right now? - Make Your Contact Count by Anne Baber and Lynne Waymon - How to Sell To Nigerians by Akin Alabi - Atomic Habits by James Clear Secure payments with Monnify Monnify has simplified how businesses accept payments to enable growth. We are trusted by Piggyvest, Buypower, Wakanow, Fairmoney, Cowrywise, and over 10,000 Nigerian businesses. Get your Monnify account today [here](. Streaming //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxf61Sy8xTfQS1bcWNVCla3e_q-TeJBgeiKmASqzJbTcJ03eUqV2Lj40pfcuEMJeuR7tDuaCEgIS6rMJueCKg8k1oG3YG9-A_iyM6_oEltweEw/3y2/eDUIM6whRGqTQ8PErBDWnQ/h22/6puVvbgD2muIEbyUSJmuhPd5L-ZrOc9uEVLk0rNVy2Q Netflix expands password-sharing restrictions to South Africa [Intense sadness meme](Image source: Zikoko Memes South Africa’s Netflix users can no longer “Netflix and chill” with people outside their households. Netflix has cracked down on [password-sharing in South Africa](, but the country is yet to be included in the streaming platforms' paid-for-sharing option. What is paid-for sharing? The paid-for-sharing option allows you to share your Netflix account with someone outside your household by offering an extra membership fee less than a full subscription. ICYMI: In February this year, Netflix [restricted password-sharing]( in Canada, New Zealand, Portugal and Spain. Netflix further expanded its restrictions to [the U.S. and more than 100 other countries]( in May 2023 and also introduced its paid-for sharing options in those countries representing 80% of its revenue base. The recent update on South Africa’s password-sharing restrictions came after Netflix [announced on Wednesday]( that the restrictions are having a positive effect on revenues and subscription numbers in markets where it’s enforced. Zoom out: The password-sharing restriction was likely prompted by [last year’s]( subscriber loss, as Netflix claims that as of February this year, [over 100 million households]( share accounts which impacts their ability to invest in new TV and Films. On the bright side, the streaming service noted in its latest report that it gained [over 5 million subscribers]( between April and June 2023, after it stopped users in several regions from sharing passwords. Internet //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxf61Sy8xTfQS1bcWNVCla3e_q-TeJBgeiKmASqzJbTcJ03eUqV2Lj40pfcuEMJeuR7tDuaCEgIS6rMJueCKg8k1oG3YG9-A_iyM6_oEltweEw/3y2/eDUIM6whRGqTQ8PErBDWnQ/h33/h2RtW-35iS7ss1SLmqpYzYIfUCE15TGEvBseoEr-ork Ethiopia restores social media access after five months source: Zikoko Memes On Wednesday, Ethiopia [restored access to social media]( sites like Facebook, TikTok, Telegram and Youtube after a ban was imposed in February this year. What happened? [The ban was imposed]( after three archbishops from the Oromia region accused the leadership of the popular Orthodox Church of discrimination and a lack of diversity, which caused a rival planned protest. The authorities banned the protests from happening. However, supporters of the Orthodox Church accused the authorities of supporting the breakaway group. They vowed online to defy the ban and hold a rally to show their support for the Orthodox Church. This led to a ban on social media and a shutdown of schools in the country. VPN to the rescue:Only those with access to a virtual private network (VPN) could get on social media platforms, which made the demand for VPNs in Ethiopia [skyrocket by 1,430%]( at the time. The blackout is said to have impacted businesses and cost Ethiopia up to £32 million ($42 million) in losses. GrowthCon 1.0: Learn how to unlock 10X Growth Connect with growth leaders, operators, and enablers to explore proven tactics for driving sustained business growth in Africa at GrowthCon 1.0. Experience curated masterclasses, case studies, a growth hackathon and more. [Get your tickets here!]( TC Insights //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxf61Sy8xTfQS1bcWNVCla3e_q-TeJBgeiKmASqzJbTcJ03eUqV2Lj40pfcuEMJeuR7tDuaCEgIS6rMJueCKg8k1oG3YG9-A_iyM6_oEltweEw/3y2/eDUIM6whRGqTQ8PErBDWnQ/h42/tuCkoQbIuckySqrSv5rbSFKOZ39vSKZUftsYA3HSjc4 Funding Tracker [Deal Tracker](Image source: TC Insights This week, Egyptian fintech company Flash [raised $6 million]( in a seed round. The round was led by Addition other participating investors, including Flourish Ventures and angel investors. Here are the other deals this week: - Nigerian Health tech company Pharmarun [received $10,000]( in equity-free funding from the Pitch2Win competition. - Mycover.ai, a Nigerian-based insurtech company, [raised $1.25 million]( in a pre-seed round. The round was led by Ventures Platform. Other participating investors included Founders Factory Africa and Techstars. - Tunisian mobility company, Kaco [secured]( undisclosed funding from UGFS North Africa. That's it for this week! Follow us on [Twitter](, [Instagram](, and [LinkedIn]( for more funding announcements. You can also visit [DealFlow](, our real-time funding tracker. Crypto Tracker //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxf61Sy8xTfQS1bcWNVCla3e_q-TeJBgeiKmASqzJbTcJ03eUqV2Lj40pfcuEMJeuR7tDuaCEgIS6rMJueCKg8k1oG3YG9-A_iyM6_oEltweEw/3y2/eDUIM6whRGqTQ8PErBDWnQ/h54/H_wnwIsLcsKCrKDeMZdmXK174Mc4YcJso1ZnoEYunuc The World Wide Web3 Source: [Tc_insight] Coin Name Current Value Day Month Bitcoin $29,907 - 0.13% + 4.09% Ether $1,897 + 0.19% + 4.85% BNB $244 + 1.15% - 2.98% Cardano $0.31 - 3.45% + 13.26% * Data as of 04:50 AM WAT, July 21, 2023. Events TC Live Patent and Proprietary Medicine Vendors PPMVs have a significant impact on Nigeria's healthcare delivery. However, they face numerous challenges like a lack of proper regulation and low access to finance among others. These challenges affect their ability to provide high-quality services to their customers. Join us this morning at 11 AM on Techcabal Live as Adrain Ephraim, Editor-in-chief at TechCabal will be discussing with Charity Ukwo Abah - Deputy Director of Enterprise Development and Promotion Department, SMEDAN; Emeka Okafor - Project Director, IntregratE and Kwesi Arhin- Senior Vice President for Retail Operations in Nigeria, mPharma. They’ll discuss innovative solutions for easy access to credit for healthcare entrepreneurs and how they can collaborate with relevant regulatory agencies to ensure members’ compliance. [Register here to join the event](. Job openings //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxecuxXQ4h39wVsASeAMGo3qi4RfJZhPJ98UDXsR1Qrfag/3y2/eDUIM6whRGqTQ8PErBDWnQ/h59/Pl4c2AoTKPQZKMvrKdqp3bxXA4Ma5Cd0rJu4gm2ggSo - PBR Life Sciences - [Front-end Developer](, [Full-stack developer]( - Lagos, Nigeria - Tech11 - [Senior Automation QA Engineer]( - Accra, Ghana (Remote) - Vitalvida - [Digital Sales Executive]( - Lagos, Nigeria (Remote) - Duplo - [Senior Frontend Engineer]( - Lagos, Nigeria (Remote) - Newmark Group - [Digital Marketing Assistant](- Nairobi, Kenya (unspecified) - Parvana - [Tech Lead]( - Cape Town, South Africa (Remote) - Hi-Tech Recruitment - [Junior Node.JS Developer]( - South Africa (Remote) There are more jobs on [TechCabal’s job board](. If you have job opportunities to share, please submit them at [bit.ly/tcxjobs](. What else is happening in tech? - [Consensys rebrands and launches a hackathon for builders]( - [Nigeria’s new president is eying tech experts for key ministerial roles]( - [Five ways to preserve your iPhone battery life]( - [Uber Eats drivers in South Africa are unionising]( Share 👨🏿‍🚀TC Daily You can win numerous gifts when you refer family and friends who you know will benefit from the TC Daily newsletter. You currently have 0 referrals, only 10 away from receiving Ebooks and Showmax Subscription Tier 1. [Tier 1]( [Click to Share]( Or copy and paste this link to others: Written by - [Tomisin Bamidele]( & [Mariam Muhammad]( Edited by - [Timi Odueso]( Want more of TechCabal? Sign up for our insightful newsletters on the business and economy of tech in Africa. - [The Next Wave](: futuristic analysis of the business of tech in Africa. - [TC Weekender](: weekly roundup of the most important tech news out of Africa. - [Entering Tech](: tech career insights and opportunities in your inbox every Wednesday at 12 PM WAT. - [In a Giffy](: business decisions powered by data-driven insights and analysis you can trust. P:S If you’re often missing TC Daily in your inbox, check your Promotions folder and move any edition of TC Daily from “Promotions” to your “Main” or “Primary” folder and TC Daily will always come to you. ADVERTISE To advertise with us send an email to [ads@bigcabal.com]( [Unsubscribe from TC Daily]( [fb]( [tw]( [ig]( [yt]( [in]( Update your email preferences or unsubscribe [here]( © 👨🏿‍🚀TC Daily 18 Nnobi Street Surulere, Lagos 101212, Nigeria [[beehiiv logo]Powered by beehiiv](