TechCabal Daily– On the GRICD & #x 1f489;

TechCabal Daily– On the GRICD & #x 1f489;

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9 DECEMBER, 2021


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Good early morning ☀

Brand-new African magazine— in its Dec 21/ Jan 22 edition– has announced its 100 Many Influential Africans of 2021 list.

While I’m significantly not on this year’s list, numerous noteworthy Africans in the tech area made it.

The list includes global techpreneur and CEO of Co-Creation Center, Bosun Tijani and Flutterwave’s co-founder and CEO, Olugbenga “GB” Agboola.

Likewise on the list is Future Africa’s Iyinoluwa Aboyeji, ABAN’s Tomi Davies, AppsTech’s Rebecca Enonchong, and TikTok star, Khaby Lame. The trailblazing designer, Virgil Abloh, also made the list posthumously.

Here’s to seeing my name on it next year.

In today’s edition

  • Gricd and NPHCDA are providing 4.2 million vaccines in Nigeria
  • Could Africa ditch money for CBDCs?
  • Flutterwave buys Côte d’Ivoire’s CinetPay
  • Occasions: Building from Ground Up


As the world struggles to comprehend the brand-new Omicron version of the coronavirus– sequestering Africa at the same time– it’s becoming increasingly apparent simply how unvaccinated African countries are.

As of October, only 4.4% of the continent’s population has actually been fully vaccinated versus COVID– a sad figure compared to the EU’s 62%and US’s 55%. While the biggest barrier to vaccination is the acquiring power of most nations, another is the absence of storage and shipment infrastructure

If it’s not cold, it gets old

Throughout the year, countries like Malawi, Congo, and South Sudan damaged thousands of COVID vaccine dosages because they could not save them effectively or provide them before their expiry dates.

In fact, Nigeria lost over 1 million AstraZeneca vaccines last month due to the fact that they couldn’t be administered before their expiry dates.

To fight this, Nigeria’s National Main Health Care Advancement Company (NPHCDA) coordinated with Gricd— a cold chain technology business– to utilize IoT to deliver 4.2 million dosages of the Moderna COVID-19 vaccine to all 36 states of the country and the Federal Capital Territory (FCT), Abuja.

What are they doing in a different way?

Vaccines can be delicate too– like you, me, and Bitcoin’s ego. Unlike me and you however, they’re only sensitive to temperature levels, and Gricd assists measure that level of sensitivity.

Gricd is a cold chain innovation company that supplies IoT options to allow last-mile delivery of temperature-sensitive products such as vaccines, insulin, and food.

Every year, WHO approximates that 50%of vaccines worldwide are lost due to the fact that of inefficient freezer and cold chain management. Companies like Gricd help reduce this number through a number of ways consisting of automated real-time monitoring of temperature and data logging during storage, transit and circulation of temperature-sensitive products. They do this using MOTE, an information logger that transfers details about place, humidity, and temperature level in real-time.

With Gricd’s MOTE, Nigeria’s NPHCDA tracked its newest batch of dosages– about 4.2 million dosages of Moderna contributed by USAID through the COVAX scheme– across all its 36 states and the FCT.

The vaccines required storage conditions in between -15 degrees and -25 degrees, and the NPHCDA reports that it safely delivered all batches and no cases of ineffectiveness have actually been tape-recorded.


The age of cash might be drawing to an end as central bank-backed digital currencies (CBDC’s) take root in Africa.

While the COVID-19 pandemic has considerably sped up the use of cashless payments, the duration has actually also ushered in the extensive use of cryptocurrencies, with the outcome that digital currencies are quick ending up being mainstream across the continent.

Digital currency in Africa

Up until now, it’s only Nigeria that has introduced an authorities, state-backed digital currency– the eNaira– on the continent as more nations continue to express interest.

Last month, Tanzania’s central bank joined a growing list of African countries to reveal the intention of introducing its own digital currency.

South Africa is presently piloting Task Dunbar, a worldwide monetary settlement system that utilizes multiple central bank digital currencies, while Mauritius has a digital currency in the advancement phases.

Other countries in Africa– including Kenya, Morocco, Tunisia, and Ghana– are looking into the very best model to deploy in their jurisdictions, according to the United States think tank Atlantic Council’s digital currency tracker.

Traction summary

Presently, three countries are driving the continent towards a cashless age, with the widespread use of both mobile money, or crypto adoption, or both– driven partly by the pandemic.

The Baobab Network has traced a minimum of 60 cryptocurrency business in Africa, with the bulk (43%) of them headquartered in Nigeria, followed by South Africa (18%), and Kenya (11%).

Likewise, global digital payments solution provider Visa, in a September report, showed a growing choice for mobile wallets, especially in Kenya (56%), followed by Nigeria (14%), and South Africa (7%).


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This year has actually seen an increase in the trend of African founders supporting one another

Last month, Flutterwave backed Payhippo in its $3 million seed round.

Yesterday, the start-up announced the close of a $2.4 million seed round with 4DX Ventures, a pan-African venture capital fund, and Nigeria-based unicorn start-up Flutterwave as co-investors in the round.

The seed financial investment is expected to increase CinetPay’s sales and marketing efforts in the countries it runs across West and Central Africa.

The story behind CinetPay

Founded by Idriss Monthe and Daniel Dindji in 2016, CinetPay simplifies the procedure of accepting payments.

On CinetPay’s mobile and web-based platform, companies can sign up to process payments from over 130 different payment operators– including MTN mobile cash, M-Pesa, Orange Money, Visa, Mastercard, and so on– by means of a single interface. This gets rid of the need for merchants to integrate with different systems in order to manage sales and profits.

Its service, which can be incorporated into merchant websites, is used by a wide array of companies, from e-commerce platforms to digital public services, insurer, and schools. This makes good sense given that approximately 75%of the population in the Ivory Coast owns a mobile cash account whereas less than 25%have a checking account.

Given that launch, the start-up declares to have processed over 30 million deals for 350 active merchants in 9 countries, including Ivory Coast, Senegal, Cameroon, Mali, Togo, Burkina Faso, Benin, and Guinea.

Find Out More: Ivorian fintech CinetPay secures $2.4 m seed investment from Flutterwave, 4DX Ventures



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Before developing Autochek, Etop had actually served as CEO at Cars45, an ingenious technology platform. Under his leadership, the business expanded into 2 other African companies (Ghana and Kenya). Before then, he was CEO at DealDey, Nigeria’s largest discount store. He was likewise Commercial Director at Konga, among Nigeria’s biggest eCommerce platforms.

In the last season of Structure From Ground Up, we talked to founders like Shola Akinlade, CEO of Paystack and Onyekachi Izukanne, co-founder and CEO of TradeDepot. Tomorrow, Etop will be sharing his experience as a serial business owner and what he’s learned from developing several services.

This conversation is open to everybody, especially founders, aiming creators, and everyone who’s curious about what enters into starting an organization.

Register to participate in.

The #BuildingFromGroundUp Series is powered by the UK-Nigeria Tech Hub


  • The Mastercard Strive Community Innovation Fund 2021 is using small companies the opportunity to get approximately $200,000 in funding for jobs that leverage data and digital solutions. Check it out
  • The ANF Future Africa Grant 2021 is open to African writers who have worked with 360 video, enhanced, virtual or combined truth to tell African stories. Tell your story
  • The Deji Alli ARM Young Skill Award 2022 is open to young Nigerians who have innovative start-up concepts that add economic worth to the country. Winners of the award will get assistance and funds of up to12,000,000($28,000). See if you qualify

What else we’re reading.

  • In the middle of price surges, Bolt presents a 3% “booking cost” in Nigeria.
  • Autochek Africa launches Africa’s first online brand name new cars loans marketplace to additional help movement.
  • Visa launches crypto advisory service for banks and merchants.

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