Tech bro sells company without telling investors.
Tech bro sells company without telling investors, faces investor backlash - more drama in Naija tech land! and please Stay safe this period 🥺
ICYMI, catch the previous edition here
1.. Last week was Valentine’s day, and that was how our network providers decided to celebrate the love season with each other, after some moments they sha came back to pick their network
It is a very interesting interaction you can follow up with here
Like why do you need to be that brutal bro?
2.. So an ex-feminist guy released his podcast with his current bride and there were a lot of arguments, like how they should be on a vacation and not holding the mic. That was how we saw designer Jegga tweet from miles away…
Prof Abiodun was like not in my presence will you do this and go scot-free. They had to beg him for an explanation of his words in the cs
3.. Lmaoooo, I like this arrangement sha 😂
4.. We are still on the cashless policy and this is how it’s looking like
God have mercy on us
As of this week, the highest you can get from the bank counter is ₦3,000 and that is even with a lot of queuing and stress the other alternative is to pay ₦1,500 on each ₦5,000 withdrawal through POS
May God help Nigeria
Hmmm
Feb 16, PMB said we can continue spending the old ₦200 till April 2023, so it calls for celebration I guess
Rich in ₦200 is the new brag
5.. You say what now???
Ok ma
I want this for everyone
6.. An interesting convo between Destiny and Iyin 1/3
2/3
3/3… Now let’s look at Nigerian’s reactions 🤒
What is this tori Olohun
Lmaoo
7.. Omo e reach to fear
Oh, na bug 🤣🤣🤣
8.. Someone said “Leaders of Nigeria and leaders of Twitter seem to be on the same WhatsApp group” but who else noticed there has been an outburst about 2FA not working in Nigeria way before the official announcement? Well,
Elon was like, I’m familiar with your game
Jude said ehn Uncle Dare are you still holding your Job?
A response to Jude’s question
Meta is to roll out paid verification this week but it’s the reaction for me
Screammm, he meant Uncle Dare in case you are wondering
9.. Interesting Thread between a Fintech app user and other users
1/5
2/5… A fake account with less than 15 followers responded to him and
3/5… Be careful out there sha
4/5
5/5
Adding 2 + 2
10.. The presidential Election will be held this week, that was how tech people put the tech thing away o
From Glossy to AffiSupaStar
It is getting interesting
Hmmm
11.. Looks like someone forgot to CC the investors on the 'company sold' email thread 🤷♀️
In other words “ When it comes to Delaware Cos and the law, don't mess around or you might end up trading your CEO title for a prison jumpsuit”
Someone said, “Looks like the 'market' has been more of a thief than a friend lately, huh?”
Sigh
Hmmm
Looks like Dash's CEO took the 'dash' in their name a bit too literally with all that money, eh?
They said even Yahoo boys no cashout reach una
Insert Burna Boy Last Last
12.. Hmmm
13.. Lmaoooo, when you are not Femi
Resources
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How To Create Mobile SDKs For Your APIs with Chiziaruhoma Ogbonda - Link
Official News
Francis Dufay has been appointed as the CEO of Jumia by the company's supervisory board, following the departure of Co-CEOs Jeremy Hodara and Sacha Poignonnec. Dufay had been serving as the acting CEO since the departure of the former CEOs.
Blockfinex, a Barbados and Seychelles-registered crypto exchange company, has acquired Nigerian crypto payment gateway startup Fluidcoins, for an undisclosed amount. The founding team will remain intact and continue to work on the product, which will be used by Blockfinex to launch a new product, BlockPay, a payment processor and API Wallet-as-a-service provider, available in the UAE, US, and Africa. The deal will also enable Blockfinex to expand its reach, while Fluidcoins will deepen crypto's "utility phase". The acquisition is Nigeria's first reported acquisition deal for 2023 and the first in the country's crypto ecosystem.
Co-Creation Hub (CcHUB) is launching a $15 million accelerator program called The Edtech Fellowship Program to support and amplify the impact of edtech startups across Africa. The program will back and support 72 startups in Nigeria and Kenya over the next three years.
Famasi Africa, a Nigerian healthtech, has raised an undisclosed amount in a pre-seed funding round led by Microtraction. The funds will be used to build the digital pharmacy infrastructure for healthcare in Africa.
Nairobi-based accelerator, The Baobab Network, has invested $50,000 each in five new African startups, taking its portfolio to 35 startups. The accelerator provides early-stage tech companies across Africa with funding and capacity building. The selected startups include two from Kenya, Vutia, a B2B cosmetic marketplace, and Tripitaca, a travel tech company, and two from Tanzania, Medikea, a patient-centric telemedicine platform, and Swahilies, an SME book-keeping platform. The cohort is completed by Nigeria's Messenger, a last-mile service providing logistics and supply chain solutions. The investment comes with a program of bespoke and expert-led venture support.
Amazing things just dey occur for this Tech Space.
I like the sense of humor in the newsletter, between if you ever need a copy editor for your newsletter, NTBTS can count on me as a volunteer.