TechCabal Daily– On the GRICD & #x 1f489;

TechCabal Daily– On the GRICD & #x 1f489;

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9 DECEMBER, 2021

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Excellent early morning ☀

New African publication— in its Dec 21/ Jan 22 edition– has actually announced its 100 Many Prominent Africans of 2021 list.

While I’m visibly not on this year’s list, many noteworthy Africans in the tech area made it.

The list consists of international techpreneur and CEO of Co-Creation Center, Bosun Tijani and Flutterwave’s co-founder and CEO, Olugbenga “GB” Agboola.

Also on the list is Future Africa’s Iyinoluwa Aboyeji, ABAN’s Tomi Davies, AppsTech’s Rebecca Enonchong, and TikTok star, Khaby Lame. The trailblazing designer, Virgil Abloh, likewise made the list posthumously.

Here’s to seeing my name on it next year.

In today’s edition

  • Gricd and NPHCDA are providing 4.2 million vaccines in Nigeria
  • Could Africa ditch cash for CBDCs?
  • Flutterwave purchases Côte d’Ivoire’s CinetPay
  • Occasions: Structure from Ground Up

GRICD AND NPHCDA ARE PROVIDING 4.2 MILLION VACCINES IN NIGERIA.


As the world has a hard time to understand the new Omicron variant of the coronavirus– sequestering Africa at the same time– it’s becoming increasingly evident just how unvaccinated African nations are.

Since October, only 4.4% of the continent’s population has been completely vaccinated versus COVID– a sad figure compared to the EU’s 62%and United States’s 55%. While the largest barrier to vaccination is the acquiring power of a lot of nations, another is the absence of storage and shipment infrastructure

If it’s not cold, it gets old

Over the course of the year, nations like Malawi, Congo, and South Sudan destroyed thousands of COVID vaccine doses since they could not save them appropriately or deliver them before their expiry dates.

In reality, Nigeria lost over 1 million AstraZeneca vaccines last month since they couldn’t be administered prior to their expiration dates.

To combat this, Nigeria’s National Primary Healthcare Advancement Agency (NPHCDA) partnered with Gricd— a cold chain technology business– to use IoT to deliver 4.2 million dosages of the Moderna COVID-19 vaccine to all 36 states of the country and the Federal Capital Territory (FCT), Abuja.

What are they doing in a different way?

Vaccines can be delicate too– like you, me, and Bitcoin’s ego. Unlike me and you though, they’re just sensitive to temperatures, and Gricd helps determine that sensitivity.

Gricd is a cold chain innovation business that offers IoT options to allow last-mile delivery of temperature-sensitive items such as vaccines, insulin, and food.

Every year, WHO approximates that 50%of vaccines worldwide are lost because of ineffective cold storage and cold chain management. Business like Gricd help reduce this number through a variety of methods including automated real-time monitoring of temperature level and information logging during storage, transit and circulation of temperature-sensitive items. They do this utilizing MOTE, a data logger that transfers details about place, humidity, and temperature in real-time.


With Gricd’s MOTE, Nigeria’s NPHCDA tracked its newest batch of does– about 4.2 million dosages of Moderna contributed by USAID through the COVAX scheme– across all its 36 states and the FCT.

The vaccines needed storage conditions between -15 degrees and -25 degrees, and the NPHCDA reports that it securely delivered all batches and no cases of ineffectiveness have actually been recorded.

COULD AFRICA DITCH CASH FOR CBDCs?


The era of money might be drawing to an end as central bank-backed digital currencies (CBDC’s) settle in Africa.

While the COVID-19 pandemic has considerably accelerated making use of cashless payments, the period has likewise ushered in the prevalent usage of cryptocurrencies, with the result that digital currencies are quick ending up being mainstream across the continent.

Digital currency in Africa

So far, it’s only Nigeria that has launched an authorities, state-backed digital currency– the eNaira– on the continent as more nations continue to reveal interest.

Last month, Tanzania’s central bank joined a growing list of African countries to reveal the objective of releasing its own digital currency.

South Africa is currently piloting Task Dunbar, an international financial settlement system that uses multiple reserve bank digital currencies, while Mauritius has a digital currency in the development stages.

Other nations in Africa– including Kenya, Morocco, Tunisia, and Ghana– are looking into the best model to deploy in their jurisdictions, according to the United States think tank Atlantic Council’s digital currency tracker.

Traction summary

Presently, 3 nations are driving the continent towards a cashless age, with the prevalent use of both mobile money, or crypto adoption, or both– driven partially by the pandemic.

The Baobab Network has traced at least 60 cryptocurrency business in Africa, with the bulk (43%) of them headquartered in Nigeria, followed by South Africa (18%), and Kenya (11%).

Likewise, international digital payments solution service provider Visa, in a September report, revealed a growing preference for mobile wallets, particularly in Kenya (56%), followed by Nigeria (14%), and South Africa (7%).

FIND OUT WITH PAYSTACK.


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FLUTTERWAVE INVESTS IN CÔTE D’IVOIRE’S CINETPAY.


This year has actually seen an increase in the trend of African creators supporting one another

Last month, Flutterwave backed Payhippo in its $3 million seed round.

The other day, the start-up revealed the close of a $2.4 million seed round with 4DX Ventures, a pan-African venture capital fund, and Nigeria-based unicorn start-up Flutterwave as co-investors in the round.

The seed investment is anticipated to boost CinetPay’s sales and marketing efforts in the nations it runs throughout West and Central Africa.

The story behind CinetPay

Founded by Idriss Monthe and Daniel Dindji in 2016, CinetPay streamlines the process of accepting payments.

On CinetPay’s mobile and web-based platform, businesses can register to process payments from over 130 various payment operators– consisting of MTN mobile cash, M-Pesa, Orange Cash, Visa, Mastercard, and so on– through a single interface. This eliminates the need for merchants to integrate with different systems in order to handle sales and revenues.

Its service, which can be integrated into merchant websites, is utilized by a broad selection of businesses, from e-commerce platforms to digital public services, insurance provider, and schools. This makes good sense given that approximately 75%of the population in the Ivory Coast owns a mobile money account whereas less than 25%have a bank account.

Since launch, the start-up declares to have actually processed over 30 million transactions for 350 active merchants in 9 countries, including Ivory Coast, Senegal, Cameroon, Mali, Togo, Burkina Faso, Benin, and Guinea.

Find Out More: Ivorian fintech CinetPay protects $2.4 m seed financial investment from Flutterwave, 4DX Ventures

GAIN ACCESS TO CRYPTO WITH QUIDAX.


Quidax

Quidax is an African-founded cryptocurrency exchange that makes it simple for you to access Bitcoin and other cryptocurrencies. They likewise make it possible for Fintech companies to provide cryptocurrency services to their consumers.

Find Out More


This is partner material.

OCCASIONS: STRUCTURE FROM GROUND UP.


Prior to building Autochek, Etop had served as CEO at Cars45, an ingenious technology platform. Under his leadership, the business expanded into two other African companies (Ghana and Kenya). Prior to then, he was CEO at DealDey, Nigeria’s biggest warehouse store. He was likewise Commercial Director at Konga, one of Nigeria’s largest eCommerce platforms.

In the last season of Building From Ground Up, we consulted with creators like Shola Akinlade, CEO of Paystack and Onyekachi Izukanne, co-founder and CEO of TradeDepot. Tomorrow, Etop will be sharing his experience as a serial entrepreneur and what he’s gained from developing numerous companies.

This conversation is open to everyone, particularly founders, aspiring founders, and everybody who’s curious about what enters into starting a company.

Register to go to.

The #BuildingFromGroundUp Series is powered by the UK-Nigeria Tech Hub

CHANCES.

  • The Mastercard Strive Community Development Fund 2021 is using small companies the chance to get up to $200,000 in moneying for tasks that utilize information and digital services. Examine it out
  • The ANF Future Africa Grant 2021 is open to African writers who have actually dealt with 360 video, augmented, virtual or mixed reality to tell African stories. Selected winners will get up to $30,000 to showcase their tasks. Tell your story
  • The Deji Alli ARM Young Skill Award 2022 is open to young Nigerians who have innovative start-up ideas that add financial worth to the country. Winners of the award will get support and funds of approximately12,000,000($28,000). See if you qualify

What else we read.

  • In the middle of rate rises, Bolt presents a 3% “booking cost” in Nigeria.
  • Autochek Africa launches Africa’s very first online brand new cars loans market to further help mobility.
  • Visa launches crypto advisory service for banks and merchants.


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