Free Premium Experiences, Startup Funding 101, Digital Elections, And Electrical energy Tariffs In Nigeria • •

Hello there,

Immediately, I’m discussing:

  • Free premium experiences on
  • Startup funding 101
  • Digital elections
  • Electrical energy tariff in Nigeria

Our premium experiences at the moment are free

If you’re an ardent reader, you’d have observed a number of modifications right here and there. 

Yesterday, nonetheless, we introduced one thing massive.

Huge? Our premium experiences at the moment are accessible without cost, just like the Nigerian Startup Funding Report (NSFR), which accommodates complete particulars of quarterly funding actions in Nigeria. 

Our Knowledge and Analysis arm, Intelligence by Techpoint, has since 2018, launched 12 editions of the NSFR. 

Additionally, our flagship report, the West African Decade Report, which particulars funding actions in West Africa between 2010 and 2019, can now be accessed without charge to you. 

Why? I can clarify, however our Intelligence Group Lead, Yinka Awosanya, aka Otunba, did that in his official announcement. 

Learn right here:  Why • is making all its previous premium experiences free

Startup funding 101 with Mbwana Alliy

Mbwana Alliy, Managing Associate, Savannah Fund. Supply: Savannah Fund

Over the previous few years, Savannah Fund has invested in a number of startups, with over $200 million in follow-on funding.

Mbwana Alliy, Managing Associate of the agency, reveals how they determine which startups to fund,  what drives the agency’s investments, and objectives.

He began the agency in 2012 when he found how arduous it was for founders to get early-stage capital. And with vital expertise gathered at i/o Ventures, an early-stage seed fund, Alliy was properly outfitted to run Savannah Fund. 

The agency appears out for a strong technical co-founder, robust technical crew, amongst others, earlier than investing in a startup. 

However right here’s the place it will get attention-grabbing. Alliy says Savannah Fund invests greater than cash in startups. 

To search out out extra, learn •’s Chimgozorim Nwokoma’s chat with Alliy right here: Pan-African enterprise capital agency, Savannah Fund desires to assist African startups go international

Talking of funding startups, Eden Life, a house providers firm, has closed a $1.4 million seed.

LocalGlobe led the spherical, with participation from others, together with Future Africa,  Samurai Incubate, and Rising Tide Africa. 

The startup provides customers home providers comparable to cleansing, laundry, and cooking which will be straight requested from its app. Its goal market is executives, distant employees, creatives, and techies. 

It plans to make use of the funding to develop in-house applied sciences, construct its personal kitchen and operation hubs, and cut back its reliance on third-party service suppliers. 

Digital voting and transmission 

Digital Voters Machines prepped for elections in KAD-SIECOM

Since July 2021, there’s being some forwards and backwards between Nigerian legislators and the Unbiased Nationwide Electoral Fee (INEC) over the digital transmission of election outcomes. 

On Friday, July 16, 2021, when the Home of Representatives summoned the Nigerian Communications Fee (NCC) over the problem, Ubale Maska, Government Commissioner, Technical Companies, NCC, mentioned lower than 50% of the nation had entry to 3G Web protection — a serious hindrance to digital transmission of outcomes. 

Apparently, the electoral umpire, on Saturday, September 25, 2021, mentioned that it may transmit election outcomes electronically. 

In keeping with The Premium Occasions, the Senate on Tuesday, October 12, 2021, amended a clause of the Electoral Modification Invoice to permit INEC to find out the process wherein elections are performed and transmitted. 

Can digital voting work? The expertise was first utilized in Kaduna State in Might 2018. The reality is, whether or not it labored or not is dependent upon your perspective.  

was on the scene of that election, and you may learn all about it right here. Inside Nigeria’s first ever digital voting train in Kaduna State

Digital transmission of election outcomes is at all times a difficult topic. Whereas INEC claims it may be achieved, Maska’s assertion that 3G Web protection isn’t accessible in some elements of the nation throws some doubt. 

Nigeria’s electrical energy tariffs to the moon

Electrical energy tariffs in Nigeria have continued to take an upward trajectory in 2021. 

In accordance to Nairametrics, electrical energy tariffs have been elevated thrice — January, June, and September — this 12 months. 

The tariff enhance aligns with the Nigerian Electrical energy Regulatory Fee’s Service Based mostly Tariff (SBT) programme. 

Per The Guardian, the programme which began in 2020 has elevated electrical energy tariffs by 50%. 

In keeping with Intelligence by Techpoint, the typical electrical energy tariff throughout Nigeria now stands at ₦32.99 ($0.078) per kilowatt-hour (kWh) for the reason that newest enhance on September 1. Consequently, the typical electrical energy tariff for a month is roughly ₦23,752 ($57.82). 

In the meantime, a World Financial institution report in 2020 says about 47% of Nigerians would not have entry to grid electrical energy. And estimates the financial price of irregular energy provide within the nation at $28 billion, making electrical energy a serious constraint to Nigeria’s non-public sector. 

What I’m studying

  • Sophia, the primary android with citizenship, now desires to have a robotic child. Learn
  • Africa’s iconic structure in 12 buildings. Learn
  • The FCC desires to crack down on SIM swapping, a typical type of id theft. Learn

Alternative

BK Digital Manufacturing unit is hiring a Folks Lead. Apply right here

Have an incredible day!


He is a geek, a sucker for Blockchain and an all-round tech lover.


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