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AH DIGEST

23rd January 2019
Dear Afro Hustler,
Here's your Wednesday edition of AH Digest.
If you have done 1 – 4 above, then getting the money should come naturally. As a matter of fact, by the time you do all above, you will have the freedom to chose from where you want money from.

Roland Fomundam
in his article Roland Fomundam's 5 Steps to Raising Money for your Startup
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The volume of electronic payments in Nigeria is reported to have increased by US $ 44 billion in 2018. According to data released by the Nigerian Interbank Settlement System (NIBSS), most of the electronic transactions listed in the Nigerian Interbank Settlement System have been made primarily by instant payments, point-of-sale (cash), ATMs, mobile transfers, cash and cash equivalents, bill payment services, and specific e-commerce platforms.

 

Camtel's new management in Cameroon has sacked 50 employees for "heavy mistakes".

This is one of the first significant decisions of the new CEO, appointed on December 14, 2018. Just installed, she had indicated her intention to restructure the company, modernize and give it a new breath. In this wake, the new director general has commissioned an internal audit that aims not only to dismantle cases of false diplomas but also exorbitant salaries that affect some executives. This audit will probably lead to new layoffs.

 

Competition Tribunal has fined South African online ticketing firm, Computicket,  R20 million for abusing its dominance in the ticketing industry. It was found that the company contravened the Competition Act for the period from 2005-2010, and will now be required to pay its R20-million penalty within 60 days.
 

Anonymous claims to have taken down Zimbabwean Government sites in protest against unrest in the country “People shouldn’t be afraid of their government. Governments should be afraid of their people. We are Anonymous. We are legion. We do not forgive tyrannical governments. We will not forget your actions. You should have expected us!”, they said. In reaction to this, the government went to the extent of shutting down the internet entirely in order to disrupt the protests and wreak havoc on citizens. However the internet is said to have been restored but the big question is, How long will the African scourge last? Over the years, Africa has become home to the most internet shutdowns and digital rights infractions in the world.

JOBS

Cameroon:  WEBMASTER ADMINISTRATOR OF INTERNET SITES

Nigeria: CONSULTANCY SERVICE

OPPORTUNITY

Nigerian startups can apply to join the UK’s Go Global 2019 programme.

EVENT

The launch of our State of Healthtech in Nigeria Report on Friday, January 25, 2019, at Impact Hub Lagos.


Yours truly,
Martha Njie & Otto P. Akama

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RUNNING A STARTUP IN A CRISIS ECONOMY 

Get published on Afro Hustler - Share your lessons learned with the Afro Hustler community.

We would like you to share your story on how you navigated through the 2018 crisis period and the lessons you learned. It could be on how you innovated on sales, marketing, branding, distribution, keeping your team motivated, accounting, taxes, scaling into new markets, or something we cannot even imagine.
Contact ah@makonjo.com to work with an editor to bring out your story.
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