55 Gene?

Ex-CEO of 54Gene launches new genomics startup                                                                                                                                                                                                                                                                                                                                                                                                                 September 20, 2023 | [Read Online]( Ex-CEO of 54Gene launches new genomics startup In partnership with Share this newsletter: //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zr/9kfkNHgEQea40t_bSz6MmA/h2/dyvHLXNVsOHy2ohQ7fF65KeOkDRF6ZaSeIVv8GzskIA [Lire en Français]( [اقرأ هذا باللغة العربية]( Good morning! 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In today's edition - Former CEO of 54Gene launches new genomics startup - Zimbabwe to review Starlink’s license - Canal+ acquisition of Multichoice looks rocky - Kenya’s CA Director-General suspended for corruption - The World Wide Web3 - Event: Moonshot Conference - Opportuinities Healthtech //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zr/9kfkNHgEQea40t_bSz6MmA/h8/3D-UecNINWwGkJdrRJg8aHEJfJs5AY0xPbu5TyHEdr4 Former CEO of 54Gene launches new genomics startup [Van Dijk holding a mic while sitting and speakings](Image source: TechCabal On Monday Abasi Ene-Obong, former CEO of 54gene, [unveiled his new venture](, Syndicate Bio. In this new venture, [Syndicate Bio]( will focus on making genomics and precision medicine more accessible and effective for people in different parts of the world, starting in Africa. The company works with governments, pharmaceutical companies, universities, and other partners to promote local precision medicine and generate valuable data that can be used to develop new drugs and treatments. Key leadership appointments: Jumi Popoola, the current Vice President, Molecular Genetics and Biobank Operations at 54Gene, and Estelle Dogbo, the former Chief of Staff and Country Head at 54Gene, are set to assume pivotal roles within Syndicate Bio. Jumi Popoola will take on the role of Chief Scientific Officer (CSO), where she will be responsible for overseeing all scientific matters, while Estelle Dogbo will serve as the Chief Operating Officer (COO), overseeing the operational aspects of the organisation. Zoom out: Despite stepping down as 54Gene's CEO in October 2022, after [a tough year]( marked by financial challenges, funding difficulties, and a business model that demanded significant upfront investment, his prior position as co-founder and CEO of 54gene, where he dedicated himself to bridging the gap in African genetic data for pharmaceutical research, underscores his dedication to Syndicate Bio. Get a working card from Moniepoint With the Moniepoint personal banking app, you get reliable payments every time and a card that always works. Enjoy seamless payments powered by the infrastructure that 1.5 million businesses trust. [Download the app](. Internet //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zr/9kfkNHgEQea40t_bSz6MmA/h17/SJsyP7kmdY5c6EOzYqLr_xyC-f-EUUJq167iG8-xY-g Zimbabwe to review Starlink’s licence [starlink ](Image source: TechCabal Zimbabwe now wants to use Starlink. The Zimbabwe government has said [it is reviewing](Starlink’s licence application after initially kicking against it. Why? Fibre optic is Zimbabwe’s primary source of internet connection. However, laying fibre optic cables to connect the country all around seems like an impossible task. Starlink serves as a viable alternative, according to Jenfan Muswere Zimbabwe’s minister of information, publicity, and broadcasting services. ICYMI: Earlier this month, Zimbabwe’s communications regulator, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), [said sellers of Starlink in the country were breaking the law](. The government said it was illegal to use or resell the service in the country. According to the regulator, Starlink was supposed to either get a direct licence from them, team up with a registered public network operator in the country or make users apply for private network licenses. However, Starlink didn’t do any of the three at the time so POTRAZ dimmed owning or selling Starlink kits illegal. Zoom out: The new use of Starlink offers a new inroad for Zimbabwe in reaching its 75% internet penetration rate by 2025. Streaming //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zr/9kfkNHgEQea40t_bSz6MmA/h23/EGC45b1rWx4ie6CoNb-IfN6iZ38hdBUKDDB5CwqqrxE Canal+ acquisition of Multichoice looks rocky [Van Dijk holding a mic while sitting and speakings](Image source: TechCabal Multichoice acquisition makes sense for Canal+ in that it offers it growth potential in Africa and a relief from the tight streaming competition in Europe. However, [complexities in SA’s mergers](and acquisition regulatory requirements make it difficult. According to the requirements, Canal+ would only be able to hold a maximum of 20% voting rights. Getting over a 20% hurdle Several experts have suggested several workarounds to the 20% voting limitation including complex investment structures like trusts or holdings to exert indirect influence over the company's management without exceeding the voting rights limit. ICYMI In its [2023 financial results](, Vivendi, the parent company of Canal+ said it was increasing its stake in Multichoice, a move that would see Canal+ acquire the broadcasting company. With Canal+ shareholding currently at 32.6%, South African laws mandate a takeover of the company when its shares reach 35%. Zoom out: While several regulatory hurdles in the Multichoice acquisition by Canal+ abound, if the deal goes through, the resulting entity could change Africa’s broadcasting landscape in that Canal+ could easily apply formulae that have worked for it in the past on the continent. Crime //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zr/9kfkNHgEQea40t_bSz6MmA/h29/st4_OJqp31Ip2K7o3M3ODaomBU0UJlGF5rpG9BhjuLw Kenya’s CA Director-General suspended for alleged corruption [Van Dijk holding a mic while sitting and speakings](Image source: TechCabal The Director-General of the Communication Authority of Kenya (CA), Ezra Chiloba, has been suspended. Why? On Monday, Chiloba was [suspended]( by CA's Board Chair, Mary Mungai, based on allegations of abuse of office and misuse of funds related to the authority's mortgage scheme. The findings: The investigation committee, known as the Board Audit and Risk Assurance Committee (BARAC), found indications that Chiloba breached his employment terms by requesting a loan that was granted by a junior staff member, lacking clear evidence of proper procedures. Furthermore, Chiloba is alleged to have violated the Civil Servants Housing Scheme requirement by acquiring a house and a plot of land exceeding the stipulated one-acre limit; he is reported to have purchased seven acres of land. Additionally, Ksh25 million ($170,000) was reportedly disbursed from CA to an account associated with Chiloba's Kitale-based company, Kitale Hilmost Limited. This can be seen as indicating an intention to deceive or commit fraud against the Authority. Based on [the findings](, the committee recommended taking disciplinary action against not only the Director General but also the Directors of Human Resources, Legal Services, and Finance, along with the internal auditor. Zoom out: Chiloba's suspension, triggered by allegations of corruption, occurred midway through his four-year term. Following this development, Christopher Wambua has stepped into the role of acting director-general, effective immediately until further notice. Crypto Tracker //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zr/9kfkNHgEQea40t_bSz6MmA/h35/GjO_aT3qiC7g126VjyDheORwgVgP2ij5X94HgV71Hl4 The World Wide Web3 Source: [Tc_insight] Coin Name Current Value Day Month Bitcoin $26,852 + 0.83% + 4.42% Ether $1,645 + 0.84% - 1.36% BNB $217 + 0.52% + 0.05% Cardano $0.255 + 1.37% - 4.99% * Data as of 02:17 AM WAT, September 20, 2023. Events The Moonshot Conference Tickets are still selling out fast for the gathering of the most audacious players in Africa's tech ecosystem. You and your friends can get an exclusive discount to secure your seats if you haven’t yet. [Get your ticket today](. Opportuinities //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zr/9kfkNHgEQea40t_bSz6MmA/h40/hLPz7wubzemVXh2q79x7u0ezhQikP_isbKqoxCoWFAQ If you are an aspiring economist entering your first year of undergraduate studies in the 2024 academic year, the South African Reserve Bank’s (SARB) Economic Research Department in collaboration with the SARB Academy, invites you to apply for competitive SARB bursaries in the field of economics, economics and econometrics, economics and mathematical statistics and economic science. [Apply by September 30](. An opportunity is on the horizon for Zambian entrepreneurs and startup visionaries as X3M Ideas Zambia announces the X-Pitchathon to empower startups across various industries. A competition for MSMEs to win over $50,000 in prizes inclusive of brand and marketing support. [Apply by September 28]( Applications are open for the Fast Forward Accelerator 2024. The accelerator provides training and resources applicable to the challenges only a tech non-profit entrepreneur knows. Through the Accelerator, you will receive a $25,000 philanthropic grant, build community among your cohort, meet dozens of mentors from the tech and social sector, and connect with people who can help you scale. [Apply by September 30.]( Calling all emerging conservation photographers and storytellers! Applications are open for the Ocean Storytelling Photography Grant 2023($2,000 prize). Four successful grantees will receive a fully-funded assignment to choose a conservation photo story on location (including day rate and travel), under direct mentorship from the Ocean Storytelling Grant team. [Apply by October 13](. What else we are reading - [A Microsoft devices guru defects to Amazon]( - [Instagram power users are fuming over its $12-a-month subscription]( Written by - [Faith Omoniyi]( & [Mariam Muhammad]( Edited by - [Noah Banjo]( [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](