In this instalment of the African Tech Roundup podcast, Andile Masuku and Osarumen Osamuyi are joined by Lucy Hoffman, co-founder and head of operations at the Cape Town-based, American mobile content development startup Carry1st. Listen in to learn why, as glitzy ecosystem trends like fintech and mobility continue to dominate headlines, Lucy and the rest of her team at Carry1st are quietly bullish on the mobile gaming industry’s low-key commercial case and “super-app/super-platform” potential. Lucy is an experienced American business operations specialist who, prior to joining Carry1st, spearheaded operations at impact investment facilitation startup Nexii and the African Leadership Academy. Before that, she interned for the global diversity and inclusion team at Credit Suisse and spent three and a half years embedded at Morgan & Stanley, where she worked on M&A and capital markets transactions for global power and utility companies. To skip all the introductory niceties, head straight to [11:52]. Questions discussed in this episode include: 1. What three words come to mind for Andile, Lucy and Osarumen when they hear the words “super-app” or “super-platform” and why? [11:52] 2. Is the hype behind mobile gaming’s super-app potential worth buying into? [16:42] 3. How are mobile gaming startups navigating the power dynamics of Africa’s mobile telco-controlled landscape in order to monetise? [21:32] 4. How much time and effort do mobile gaming startups like Carry1st need to spend on solving for infrastructural and capacity-building frictions as opposed to working on actual product development? [39:50] 5. Why might African mobile telcos do well to take on Google Play in seeking to own a meaningful share of the mobile gaming market? [49:00] 6. What are the exit aspirations of a mobile gaming startup like Carry1st? [51:08] 7. What is the difference between mobile gaming and mobile gambling? [58:23] 8. Are African markets ready to jump on the global e-sports wave? [1:08:47] Resources referenced in this episode: The Mobile Economy: Sub-Saharan Africa 2019 by GSMA Intelligence Image credit: Angelo Moleele

African Tech Roundup

Is The Super-Platform Hype Surrounding Africa's Mobile Gaming Industry Real? feat. Lucy Hoffman

Andile Masuku catches up with Binkabi CEO, Quan Le to learn how his company is working to lower the world's reliance on the US dollar for imports and exports. Listen in to hear how Quan and his team are cutting out middlemen by turning agricultural commodities into tradable assets and automatically matching inbound and outbound trades which enable farmers to directly participate in global trade networks and retain more profits from their harvest. Binkabi is a London-headquartered cross-border physical commodity trading platform which primarily operates in developing countries. They leverage blockchain technology to solve for the complex frictions that characterise international agriculture supply chains. Quan is a Vietnamese finance professional who previously worked at PwC London as an auditor and, later, in merger acquisition advisory. During his 16-year-plus tenure at the firm, he worked with leading financial institutions in emerging markets in both Asia and Africa. Image Credit: no_one_cares (unsplash.com)

Vietnamese-style Africa-focused Fintech Innovation With Quan Le of Binkabi

Michael Schlein is a huge fintech fan, and as the President and CEO of Accion, one of the world's largest nonprofit impact finance organisations, he's backing startups which seek to advance financial inclusion by giving people financial tools to improve their lives. In this candid conversation with Andile Masuku, Michael shares useful context about Accion's origins and makes a case for increased cooperation between legacy financial institutions, governments and impact investment non-profit organisations like Accion to advance global financial inclusion. Listen in to hear him address sceptics who hold that the commercial and social impact incentives of the aforementioned parties are hopelessly misaligned. Michael is an MIT graduate who amassed nearly 30 years of international banking, management and public service experience before inhabiting his current role. Prior to joining Accion, he managed Citi’s network of Chief Country Officers as President of Citigroup’s International Franchise Management. He also previously served as Chief of Staff at the U.S. Securities and Exchange Commission in the Clinton administration and served in New York’s City Hall during the Dinkins and Koch administrations. Image credit: Eva Blue

Accion's Michael Schlein on Financial Inclusion, Fintech & Impact Investment Sceptics

This brief firelighter conversation was taped live on-stage at SPARK’s 7th Annual IGNITE Conference in Amsterdam (https://spark.ngo/ignite-conference-2019/). It was a discussion provocatively themed “Shift The Power” – for which Andile Masuku (moderator) was joined by the Dutch Ambassador for Youth, Education and Work in the Dutch Ministry of Foreign Affairs, Tijmen Rooseboom, Evelijne Bruning, who is the Netherlands Country Director of The Hunger Project and the Executive Director of INJAZ Lebanon, Samar Dani. Tijmen is a recently-appointed Dutch policymaker whose mandate is to ensure that The Netherlands is optimising the use of public funds earmarked for advancing youth education and employment. Evelijne Bruning is a self-proclaimed “dragon and driver of change” whose high-profile #ShiftThePower activism efforts within Dutch NGO circles often puts her at odds with policymakers and even fellow practitioners in the space. And prior to inhabiting a senior role at one of Lebanon's most well-respected youth-focused NGO’s, Samar Dani led a storied career in her country’s consumer and retail industry. Listen in as the panel addresses growing calls to change power dynamics within development cooperation between the Global North and the Global South – this, in order to deliver on effective, market-relevant educational and entrepreneurship interventions. Editorial Disclaimer: While SPARK (https://spark.ngo) is the presenting sponsor of this series, African Tech Roundup maintains complete editorial oversight. Opinions expressed by the host, Andile Masuku, and his guests, do not necessarily reflect the opinions of the presenting sponsor, SPARK. Image credit: SPARK

Shift The Power: Challenging Development Cooperation Power Dynamics Between The Global North & South

In this podcast, Andile Masuku chats with Dr Salam Said, a seasoned Middle Eastern economics researcher who specialises in Arab economies, Arab trade policies and the political economy of Syria. Andile taps Dr Said's extensive professional and lived experience as he attempts to wrap his mind around some of the ways Arab identity and geopolitical dynamics (past and present) inform the socio-economic policies of nations that tend to dominate the global news cycle for all kinds of complex reasons. Listen in to hear Dr Said factor in candidly on how to properly gauge the economic empowerment of everyday citizens, particularly women, of Arab nations. Editorial Disclaimer: This podcast is part of a seven-part podcast miniseries interrogating the progress being made in advancing entrepreneurship and job creation in some of the world’s most fragile regions. The series was taped at the fringes of SPARK’s 7th Annual IGNITE Conference in Amsterdam (https://spark.ngo/ignite-conference-2019)— a premier gathering of refugees, entrepreneurs, educators, private sector actors, government leaders, academics and NGOs. While SPARK (https://spark.ngo) is the presenting sponsor of the series, African Tech Roundup maintains complete editorial oversight. Opinions expressed by the host, Andile Masuku, and his guests, do not necessarily reflect the opinions of the presenting sponsor, SPARK. Image credit: Florian Wehde

Unpacking Arab Identity & Socio-economic Dynamics with Arab Economies Researcher Salam Said

African Tech Roundup and SPARK (https://spark.ngo) have partnered to produce a seven-part podcast miniseries interrogating the progress being made in advancing entrepreneurship and job creation in some of the world’s most fragile regions. The series uncovers pragmatic first-hand insights about the challenges of deploying market-relevant approaches to entrepreneurship, economic policy design and implementation, education interventions and the provision of business support. The first episode of the series features a relaxed diary session with Yengi Lokule, Co-founder and CEO of Rural Finance Initiative (RUFI), a South Sudanese microfinance and cross-border remittance firm which serves South Sudanese refugees in Uganda as well as rural and peri-urban residents in his fragile home country. Yengi holds degrees in Agriculture and Development Studies specializing in Micro-finance and has over 20 years’ of professional experience gained in post-conflict environments. This thoughtful conversation casually addresses some of the oversimplifications related to promoting financial inclusion in post-conflict environments while offering useful insight into displaced people are defiantly building futures for themselves and others in South Sudan and neighbouring Uganda. Editorial Disclaimer: This podcast was taped at the fringes of SPARK’s 7th annual IGNITE Conference in Amsterdam (https://spark.ngo/ignite-conference-2019) and is an independent African Tech Roundup production. The opinions expressed by the host, Andile Masuku, and his guest, do not necessarily reflect the opinions of the presenting sponsor, SPARK. Image credit: SPARK

South Sudan: Micro-finance Diaries with Yengi Lokule of Rural Finance Initiative (RUFI)

So, unless you’ve been living under a rock, you’ll have noticed that a 'brick' several hundred million dollars heavy has descended on the continent in an unprecedented period of time, most of it venture capital earmarked for fintech startups in Nigeria. On this episode, Indian tech founder Arunjay Katakam joins Andile Masuku and Osarumen Osamuyi to extend our conversation about the implications of all the hype surrounding Africa's fintech scene and what the broader implications might be for the continent's tech ecosystem at large. We’re still vibing off of our last show, dubbed African Fintech Signal Check 2019: Nigeria's Killing It! (Part 1). That show, which guest featured Wiza Jalakasi, unpacked some of the most pertinent happenings in Africa’s emerging fintech landscape and in the legacy financial services arena over the last couple of months or so. If you haven't listened to that show (Episode 134), do that before you dig into this one. Arunjay Katakam is a former EY consultant who has co-founded three startups, exiting two— one of which eventually sold to Twitter. Today Arunjay is co-founder and CEO of a London-based cross-border remittance startup called Yooz and advises founders at DFS Lab. His extensive tech entrepreneurship experience spans work in developing markets in Asia and Africa, as well as developed markets in the Global North. To by-pass the pleasantries, head straight to the main discussion: [18:50]. Topics discussed in this episode include: 1) Arunjay suggests that there are three major cost factors/points of friction preventing mobile money from enjoying WhatsApp-level ubiquity and mainstream adoption. [18:50] 2) Can ECOWAS's (Economic Community of West African States) Eco currency plans lay the groundwork for smoother regional money flows? [26:25] 3) Might the recent $20 million investment close by "credit-as-a-service" startup Migo (formerly Mines.io)— mostly designated for taking on the Brazilian market, spark a new trend towards African/Africa-focussed startups taking on key markets outside the continent? [31:54] 4) In what ways might the dynamics of engineering fintech startup success in India be comparable with the same in African key markets? [35:53] 5) Does "a rising tide raise all boats", or will large fintech startups like OPay and PalmPay stifle innovation by smaller players? [51:42] 6) How might African mobile network operators (MNOs) respond to the prospect of wholesale disruption as "OTT (Over-the-top) Application 2.0" takes hold, and what learnings might they draw from the Chinese and Indian ecosystem experiences to inform their strategies? [57:54] Bonus Topics: Can successful startups be built without having to tell lies, even apparently "harmless" ones? + Is RxAll Africa's very own Theranos in the making? [9:13] To view resources referenced in this episode, visit https://www.africantechroundup.com/fintech-signal-check-2019-part-2/ Image credit: Babatunde Olajide

African Fintech Signal Check 2019: What Can Africa Learn From India? (Part 2) feat. Arunjay Katakam

The last couple of months or so have been rather eventful for Africa's fintech scene— particularly in Nigeria where Interswitch notably attained unicorn status in November following Visa acquiring 20% of the company for a reported $200 million. Twitter and Square CEO Jack Dorsey's much-publicised visit to Africa last month also did much to put a global spotlight on the continent’s fintech arena, and the subsequent capital raises by OPay (backed by Opera) and PalmPay (backed by Transsion) drew attention to the on-going race for platform dominance in the space. In this instalment of the African Tech Roundup podcast, Andile Masuku and The Subtext’s Osarumen Osamuyi are joined by Malawian mobile tech entrepreneur, Wiza Jalakasi, to unpack some of the more pertinent fintech industry signals and discuss their implications for the continent’s tech and innovation ecosystem at large. (To skip the introductory niceties, head straight to [11:58].) Wiza is a passionate USSD proponent who formerly headed up business development and international expansion at Africa’s Talking. He is currently the head of strategy and business development at Hover. Questions discussed in this episode include: 1) Is the hype around Jack Dorsey’s recent Africa visit well-deserved? [12:38] 2) Why might PalmPay’s $40 million seed round be the most significant China-related fintech startup play of late? [25:47] 3) Are aspiring ‘banks’ like Google and Facebook well-positioned to dominate Africa’s fintech industry? [28:52] 4) Is there credence to Jack Dorsey’s citing of Bitcoin as a key part of the future of African fintech? [37:55] 5) How significant is the trend towards digital-first and digital-only banks? [50:46] 6) Could the Zimbabwean mobile telco NetOne spark a continental trend by making mobile money transactions free? [1:01:57] 7) How will Google’s new Play Store lending term restrictions for financial services apps impact microlenders on the continent? [1:07:34] To view resources referenced in this episode, visit https://www.africantechroundup.com/fintech-signal-check-2019-part-1/ Image credit: Namnso Ukpanah

African Fintech Signal Check 2019: Nigeria's Killing It! (Part 1) feat. Wiza Jalakasi

In this episode of the African Tech Roundup podcast, Andile Masuku and The Subtext’s Osarumen Osamuyi are joined by Iginio Gagliardone for a candid introductory chat about the budding Africa-China/China-Africa tech collaboration dynamic. Iginio is an Associate Professor in Media Studies at the University of the Witwatersrand and an Associate Research Fellow in New Media and Human Rights in the Programme in Comparative Media Law and Policy (PCMLP) at the University of Oxford. He is also the author of a new book called China, Africa and the Future of the Internet, which has taken him the better part of ten years to write. This context-setting conversation covers a lot of ground. Some of the questions discussed include: 1) Where big-money moves in tech and innovation sector are concerned, is there an Africa-China or China-Africa dynamic at play? [12:17] 2) How committed is China to promoting mutual commercial beneficiation in Africa? [15:51] 3) Is there substance to stereotype of “Everyone has a plan for Africa, except Africa”? [20:13] 4) Are there any “good guys” left, and if so, is China one of them? [25:02] 5) Is China’s influence in African “technopolitical” circles inducing a neo-Third World psyche? [30:23] The episode is chock-full of fascinating real-world anecdotes, provocative ideas for how things can and should be and even a lively lightning round near the end of the show which elicited reflex takes on Africa-China tech stories that have trended over the last short while. To view resources referenced in this episode, visit https://www.africantechroundup.com/africa-china-tech-dynamics/ Image credit: Kayla Kozlowski

Is The Africa-China/China-Africa Tech & Innovation Dynamic Win-win? feat. Iginio Gagliardone

After hosting of a live panel session at #Leaderex2019 in Sandton, Johannesburg themed, "Accelerating Zimbabwean Entrepreneurial Ventures", Andile Masuku, sat down with Zimbabwean businessman and presidential advisor Dr Shingi Munyeza and South African entrepreneur Allon Raiz for a relaxed podcast taping. Before making his mark as an entrepreneur, Dr Munyeza built a storied corporate career that saw him grow from being a clerk at Ernst & Young to a heavy-hitting advertising industry executive, and later, and perhaps most famously, to being the CEO of African Sun, one of Zimbabwe’s leading hospitality groups. Dr Munyeza has since evolved into one of his country's most respected serial entrepreneurs and, on this podcast, he shares his motivation for joining forces with Allon Raiz to launch a business incubator in Zimbabwe. Allon Raiz has come to be regarded globally as a pioneer and maverick in the business-incubation industry. An industry which is, for the most part, notorious for being anything but pragmatic and profitable. He is the CEO of Raizcorp, a business which, has provocatively been dubbed by The Economist as “the only genuine incubator in Africa”. Listen in for exclusive insight regarding these Dr Shingi and Allon's decidedly different entrepreneurial approaches and for practical wisdom on backing early-stage entrepreneurial progress in Zimbabwe a la Raizcorp Zimbabwe.

Dr Shingi Munyeza & Allon Raiz on Entrepreneurial Strategy and Zimbabwe's Commercial Potential

In this episode of the African Tech Roundup podcast, Andile Masuku is joined by the Zimbabwean AI Practitioner, Booking.com UX Designer and UNHCR Innovation Consultant, Babusi Nyoni, and the Nigerian Entrepreneur-in-Residence at Africa's Talking and Founder and Author of The Subtext, Osarumen Osamuyi. This jam-packed show features the following topics: 1) What does the world post-Facebook’s Libra announcement look like? This is a follow-up discussion to deliberations made in Episode 130 - our most downloaded show ever - featuring insights about some of the more notable happenings to occur in the world of digital money since Facebook & Co. revealed their plan to re-imagine global finance. [13:48] 2) Is Africa's VC-fuelled motorcycle ride-sharing investment trend worthy of the hype? Listen in for Osarumen's trademark analysis on the matter. [30:53] 3) Does Africa have what it takes to lead a global AI revolution? Babusi factors in with a compelling case for why he believes the answer to that question is, yes. [55:24] To view resources referenced in this episode, visit https://www.africantechroundup.com/africa-motorcycle-taxi-industry-uberisation/ Image credit: Adeboro Odunlami

Africa's Motorcycle Taxi Hype + Africa's AI Revolution? feat. Babusi Nyoni & Osarumen Osamuyi

In this in-studio taping of the African Tech Roundup podcast, Andile Masuku is joined by the Kenyan digital money analyst Michael Kimani and the South African crypto entrepreneur Simon Dingle to discuss how Libra and the proposed Calibra network stacks up against existing cryptocurrency concepts like Bitcoin, and to establish whether or not Facebook's digital currency might be good for Africa. It's safe to say that the world hasn't been quite the same since Facebook and its high-powered corporate collaborators - Visa, MasterCard, Uber, Spotify, South Africa's PayU and several others - revealed plans to re-imagine global finance using a digital coin called Libra— an idea that, according to the Libra whitepaper, is set to be backed by a reserve of actual currencies and assets. This show was taped prior to US President Donald Trump forcefully panning cryptocurrencies in a public statement earlier this week. His provocative sentiments came in the wake of lawmakers in the US and Europe demanding that The Libra Association's plans be placed on hold pending formal investigations. Meanwhile, in Africa, policymakers will also need to grapple with many of the concerns being raised about Libra abroad. In this episode, Andile, Simon and Michael delve into issues that African lawmakers would do well to apply their minds to. Listen in to hear the trio unpack why Libra is potentially an ingenious innovation that - if permitted by regulators - could do much to advance financial inclusion on the continent, but, equally, a potentially hazardous vehicle which could enable Facebook & Co. to wield unprecedented economic control over Africa's future. Image credit: Maksim Shutov

Will Facebook's Digital Currency Libra Be Good For Africa? feat. Michael Kimani & Simon Dingle

Ray Youssef is Co-founder and CEO of Paxful, a US-headquartered peer-to-peer Bitcoin marketplace he dubs the "Uber for money". The platform allows people to swap gift cards, currency and alternative cryptocurrencies (altcoins), all without the need for banks or intermediaries. In this chat with Andile Masuku - which, incidentally, was taped before Facebook's recent Libra announcement - Ray reveals why Africa is delivering some of his company's most significant business wins and unpacks the thinking behind Paxful's financial literacy initiatives on the continent. Listen in to hear him factor in on what it might take for the cryptocurrency community to win the trust of African policymakers. Image credit: Dmitry Moraine

Ray Youssef believes Paxful is the "Uber for money" crypto platform Africa's been waiting for

Joining Andile Masuku and guest co-host, Vije Vijendranath, for this episode of the African Tech Roundup podcast is Kenyan repat, founder of Impact Africa Network and host of the Chini ya Maji podcast, Mark Karake. Following professional stints in Silicon Valley, working for the likes of Google, TrustArc and Oracle, Mark decided to return to his native Kenya in March 2018 to get involved in early-stage startup acceleration and investment activities in Nairobi. In this show, Andile, Vije and Mark will unpack three weighty questions: 1) What is behind the new wave of banking currently sweeping South Africa? [18:28] 2) Is the African Union's decision to maintain Huawei's preferred partnership status well-advised? [47:07] 3) What are the critical, yet not-so-obvious grassroots issues in Nairobi's early-stage startup ecosystem that must be seen to if a sturdy pipeline of local investible prospects is to be built? [59:10] Image credit: Shalom Mwenesi

South Africa's New Banking Wave + Huawei Or The Highway? + Kenyan Repat Diaries feat. Mark Karake

Good friend of the show, entrepreneur, investor and incurable blockchain technology fanatic, Simon Dingle, joins Andile Masuku and Musa Kalenga to chat through three big questions: 1) What are we to make of Jumia’s much-publicised New York Stock Exchange listing? 2) Is blockchain technology as full-safe as we are often led to believe? 3) How excited should we be about PopCom founder, Dawn Dickson, becoming the first black woman to raise over $1 million for her company via a security token offering? Regular listeners of this podcast will know that during our in-studio episodes Andile, Musa and a guest normally highlight and briefly unpack as many as ten important ecosystem developments before tackling a discussion topic. But, in response to feedback we've been receiving from our audience, we’re changing things up a little. Going forward, our in-studio flagship recordings will only cover three big questions, giving us to us a chance to discuss issues more thoroughly. Do enjoy the show and be sure to let us know what you make of the changes to the format. Image credit: Aditya Vyas

Jumia's NYSE Listing + Are Blockchains Safe? + Security Token Offerings, Yay or Nah?

The African Tech Roundup podcast delivers technology, digital and innovation highlights from across the African continent. The show is produced by broadcaster and entrepreneur, Andile Masuku (www.andilemasuku.com), and co-hosted by marketing maven turned investor and startup founder, Musa Kalenga (www.kalenga.me).

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African Tech Roundup

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