Connect with us

TechForum

TLcom Announces Second Africa Tech Female Founder Summit

Published

on

, SiliconNigeria

TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of its second Africa Tech Female Founder Summit, which will be held virtually on Tuesday 27th October 2020.

Building on the success of its inaugural event in 2019, TLcom has launched a call for applications for female tech founders across Africa to attend this year’s virtual Summit, which features speakers from across Africa’s tech scene including Hilda Moraa of Pezesha, Wambui Kinya of Andela and Fara Ashiru Jituboh of Okra.

Themed “Reset – Survive – Thrive”,  the second Female Founder Summit will equip female tech founders to achieve commercial success and scale in the long-term despite the impact of the global pandemic. With a number of panel sessions and workshops scheduled, the event will gather female entrepreneurs from across the continent to experience the power of connecting, learning from and being a resource to each other. There will also be an opportunity for attendees to receive business and fundraising advice directly from investors at TLcom, Aruwa Capital and the IFC (International Finance Corporation), during a newly-launched “Ask Me Anything” Q&A session.  

Speaking on the event, Omobola Johnson, Senior Partner at TLcom Capital, says, “For the African entrepreneur, resources and support are limited in comparison to other regions but as a sector, we must address the tough reality that this is even worse for female entrepreneurs on the continent. With this in mind, the second Female Founder Summit is a firm commitment from TLcom that we cannot and will not ignore these discrepancies. We want to play our part in levelling the playing field and through the Summit, we continue to establish a network for Africa’s most thoughtful and innovative female founders to access strategic and operational support as they push to achieve massive value generation.” 

TLcom’s inaugural Female Founder Summit was held in October 2019 in Lagos as a closed event with 50+ female tech entrepreneurs and executives in attendance. Key speakers at the event included Funke Opeke of Main One, Odunayo Eweniyi of Piggyvest, Miishe Addy of Jetstream and Isis Nyong’o of Mum’s Village and the event is set to return for its second year with an exclusive focus on female founders within African tech. 

Andreata Muforo, Partner at TLcom Capital, addsWe know only too well the benefits of a diverse ecosystem, not only due to the fact that half of our senior team is female, but also through the quality of female entrepreneurs we’ve engaged with over the last years. We recently invested in a female-led startup in Okra and we view the second Female Founder Summit as a robust commitment towards strengthening our pipeline of female founders.” 

“Founders who attended last year’s Summit have shared how they have been collaborating after the event as mentors, clients, service providers to each other, and even merging of companies between two of the attendees. Our focus this year will be ensuring the next crop of female entrepreneurs emerge to become even more empowered to execute the next phase of their business strategies.” 

TLcom’s TIDE Africa Fund, which is one of the most active funds across Sub-Saharan Africa,   secured an additional $31mn investment in February 2020, bringing its total to $71mn. In recent months, the VC firm has reiterated its commitment to investing in African tech despite the impact of COVID-19 and is set to announce new investments in the next few months. 

Currently, TLcom manages total commitments of approximately 200mn USD and holds eight African startups in its portfolio including Andela, Ajua, Kobo360, Okra, Shara, Terragon Group, Twiga Foods and uLesson. With an on-the-ground presence in Kenya and Nigeria as well as offices in the UK, the firm invests across all stages of the venture capital cycle and a wide range of industries including agriculture, education, data analytics and logistics.   

Continue Reading
Advertisement Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

TechForum

Broadband Commission Seeks Action to Accelerate Connectivity and Progress on SDGs

Published

on

, SiliconNigeria

The Broadband Commission for Sustainable Development called for a joint global effort to achieve universal and meaningful connectivity by 2030 at its annual Fall Meeting held today at UN Headquarters in New York.  

According to the Commission, the collaborative effort must ensure that people around the world are not only connected, but that they also have the skills and knowledge to use that connectivity.  

The Broadband Commission—a high level public-private partnership fostering digital cooperation and developing actionable recommendations for achieving universal connectivity—stressed that accelerating universal and meaningful connectivity through partnership and cooperation is essential to achieve the UN Sustainable Development Goals (SDGs) by 2030.   

“We need to build a digital future that is inclusive, affordable, sustainable, safe and people-centered,” said Commission Co-Chair Carlos Slim. “There should be no digital deserts in the world, and there should be no one excluded from connectivity. People have the right to enjoy a safe, productive and affordable online experience. Broadband should enhance the quality of life of everyone.”  

At the meeting, the Commission called for innovative investment models to bring together private and public stakeholders to deliver meaningful access and content to those most in need.

“As technology advances and 2.6 billion people remain unconnected, it’s crucial to prioritize universal and affordable broadband access, coupled with investments in digital skills, and the elements that truly define meaningful connectivity, such as inclusive and localized digital content, accessible hardware, cybersecurity measures, and policies that ensure digital inclusion for all,” said Hon. Paula Ingabire, Rwanda’s Minister of Information Communication Technology and Innovation representing Rwandan President Paul Kagame, Co-Chair of the Commission.  

The Commission’s meeting comes amid the recent ITU announcement that 2.6 billion people across the world still lack access to the Internet in 2023. The reduction from the estimated 2.7 billion people offline in 2022 leaves about one-third of the global population unconnected.  

This year’s Annual Meeting also took place ahead of SDG Digital, an event convened by the International Telecommunication Union (ITU) and United Nations Development Programme (UNDP) to highlight how digital solutions can support the UN’s 2030 Agenda for Sustainable Development.  

“Tech is racing ahead and billions of people are being left behind,” said ITU Secretary-General Doreen Bogdan-Martin, a Co-Vice Chair of the Commission. “Our task is to invest in affordable broadband, digital skills, and everything that makes connectivity meaningful.”  ​

​At the meeting, the Broadband Commission launched “State of Broadband Report: 2023 Digital Connectivity – A Transformative O​pportunity.” The latest edition of the annual report reviews the progress of seven Global Advocacy Targets and highlights the opportunities that would come from broadband that is universally available, equitable and affordable.  

This year’s report notes that market trends for consumption and supply are shifting despite gains in connectivity. Those trends may not be strong enough to guarantee that the objective of universal and meaningful connectivity will be met by 2030.  

Continue Reading

TechForum

NCC is Building Robust Legal Frameworks for Data Governance- Danbatta

Published

on

, SiliconNigeria

The Executive Vice Chairman/Chief Executive Officer (CEO), Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta said that data is critical to the digital economy, and assured that NCC is building robust legal frameworks for data governance.

The EVC stated this as one of the lead expert speakers at the 2023 Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D) with the theme “5G Data Governance, Safety and Security in Nigeria,” organised by ITRealms Media Group.
Danbatta, who was represented by the Head of New Media, NCC, Dr. Chidi Diugwu, said that the amount and speed of data generated using 5G technology is unprecedented and beckoned on citizens to embrace it and use it to the fullest. “As we embrace the transformative potential of 5G, we must also prioritize safety concerns,” he asserted.

As such, he pointed out the need to always prioritize consumer privacy, transparency and ethical data use. Maintaining that by cultivating trust and handling data responsibly, would unlock the full potentials of 5G technology and promote innovation in Nigeria.

“To ensure the security and protection of networks and consumers, the Nigerian Communications Act mandates its licensees to prevent their network facilities or services from being used in, or in relation to, the commission of any offence under any law in operation in Nigeria. In this regard, licensees are required to assist the Commission and other Law Enforcement Agencies in preventing crime in Nigeria,” he said.

The chairman of 2023 Nigeria DigitalSENSE Forum (NDSF) and President, Computer Society of Nigeria (NCS), Prof. Simon Adesina Sodiya, said the internet is a global connection of networks, that provides opportunity for people to share information in order to connect to one another.

Also, Sodiya said, the internet is like an open space, which any body could use for communication, connection, sharing resources, hence most organisations, individuals are connected to internet.

On the internet, Sodiya explained that the importance of data security and governance cannot be over emphasized, thus the essence to come up with guidelines, procedures, rules, for realistic usage of internet.

“It will not be done by government alone, it is multi-stakeholders efforts, which include government agencies, civil society organisations, individuals, and ICT professionals among others,” Sodiya said.

The chairman of 2023 NDSF equally noted that internet governance is very important because there are lots of criminal activities going on in the internet, however people who fall victims are not aware of these cyber criminals.

“Apart from criminal activities, we should not forget that our children are in schools and have been given opportunity to use internet. They should use it for something meaningful that will develop their life positively and not negative aspects. For instance, I have seen a father who said he found his 12-year old child watching porn videos,” he said.

What government needed to do, according to Prof Sodiya is to educate parents on how to provide use of internet for their children. Advising that parents should block some aspects of internet that might endanger the life of their children.

The Business Development Executive, Wizzhub Technology Limited, Mr. Uzor Francis, said he educated participants on benefits of 5G, such as speed carrying capacity, how much integral benefits and inter-connectivity of the devices that internet offers, as 5G enables most of these things.

About challenges of 5G, especially on security, Uzor said that will require enlightened participants on some of the measures, urging Nigerians to mitigate the challenges they may face while using 5G mobile services.

“It is important that 5G goes round not only to the cities but also in the villages so that everybody has access to it, to enhance connectivity for communications through the internet,” he said.

Continue Reading

Africa Region

Africa’s Smartphone Market Declines 3.4% In Q1

Published

on

, SiliconNigeria

Africa’s smartphone market declined 3.4 per cent quarter on quarter (QoQ) in Q1 2023 to total 17 million units, the lowest level of shipments since the start of the COVID-19 pandemic in Q1 2020.  That’s according to the latest figures announced by International Data Corporation (IDC), with the firm’s newly released Worldwide Quarterly Mobile Phone Tracker showing that rising inflation and local currency depreciations against the U.S. dollar have negatively impacted demand for smartphones across the continent.

Shipments of feature phones across Africa also declined in Q1 2023, although not to the same extent as smartphones. Feature phones remain relatively affordable and are still the preferred secondary device option for many consumers.

“Africa’s smartphone declined throughout 2022 amid weak consumer demand, and this has been exacerbated by rising inflation and higher device prices,” says George Mbuthia, a senior research analyst at IDC. “The average selling price (ASP) for smartphones grew QoQ due to high import costs and the fact that many vendors’ flagship devices are now equipped with 5G and have therefore moved up in price to the premium segment.”

Africa’s top 3 smartphone markets recorded a mixed performance in Q1 2023. South Africa and Nigeria both saw shipments decline QoQ, while the Egyptian market registered growth. South Africa was impacted by seasonality issues and weak demand, meaning vendors were unable to bring in new units while they continued to clear the channel. Egypt remains below its potential, but local assembly is picking up in the country and the government has now dropped its “letters of credit” requirement for vendors, both of which have helped the market to recover from its low base.

Transsion (Tecno, Itel, and Infinix) accounted for the largest share for smartphone shipments across Africa in Q1 2023, despite experiencing a decline in units. Samsung placed second, while Xiaomi came in third.

Continue Reading

Popular News