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 ☀

New African magazine— in its Dec 21/ Jan 22 edition– has actually announced its 100 Most Influential Africans of 2021 list.

While I’m noticeably not on this year’s list, many notable Africans in the tech space made it.

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

Also 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, likewise made the list posthumously.

Here’s to seeing my name on it next year. And congratulations to everyone on the list. Great one. Delighted for you.

In today’s edition

  • Gricd and NPHCDA are delivering 4.2 million vaccines in Nigeria
  • Could Africa ditch cash for CBDCs?
  • Flutterwave invests in Côte d’Ivoire’s CinetPay
  • Occasions: Structure from Ground Up


As the world has a hard time to comprehend the brand-new Omicron version of the coronavirus– sequestering Africa while doing so– it’s becoming significantly evident just how unvaccinated African countries are.

As of October, only 4.4% of the continent’s population has been completely vaccinated versus COVID– an unfortunate figure compared to the EU’s 62%and United States’s 55%. While the largest barrier to vaccination is the buying power of a lot of countries, another is the lack of storage and delivery facilities

If it’s not cold, it gets old

Throughout the year, nations like Malawi, Congo, and South Sudan destroyed countless COVID vaccine doses due to the fact that they couldn’t save them appropriately or deliver them before their expiry dates.

In truth, Nigeria lost over 1 million AstraZeneca vaccines last month since they could not be administered prior to their expiry dates.

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

What are they doing in a different way?

Vaccines can be sensitive too– like you, me, and Bitcoin’s ego. Unlike me and you though, they’re only conscious temperatures, and Gricd helps determine that level of sensitivity.

Gricd is a cold chain innovation business that provides IoT services to enable last-mile delivery of temperature-sensitive items such as vaccines, insulin, and food.

Every year, WHO approximates that 50%of vaccines worldwide are wasted since of inefficient cold storage and cold chain management.

With Gricd’s MOTE, Nigeria’s NPHCDA tracked its most current batch of does– about 4.2 million doses of Moderna contributed by USAID through the COVAX plan– throughout all its 36 states and the FCT.

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


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

While the COVID-19 pandemic has substantially accelerated the use of cashless payments, the duration has actually also ushered in the prevalent use of cryptocurrencies, with the outcome that digital currencies are fast ending up being mainstream across the continent.

Digital currency in Africa

So far, it’s just Nigeria that has introduced an official, state-backed digital currency– the eNaira– on the continent as more countries continue to express interest.

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

South Africa is currently piloting Project Dunbar, a worldwide monetary settlement system that uses numerous central bank digital currencies, while Mauritius has a digital currency in the advancement phases.

Other nations in Africa– including Kenya, Morocco, Tunisia, and Ghana– are researching the best model to release in their jurisdictions, according to the US think tank Atlantic Council’s digital currency tracker.

Traction summary

Currently, three countries are driving the continent towards a cashless era, with the prevalent usage of both mobile money, or crypto adoption, or both– driven partially 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 service provider Visa, in a September report, revealed a growing choice for mobile wallets, particularly in Kenya (56%), followed by Nigeria (14%), and South Africa (7%).


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This year has seen a rise in the pattern of African creators supporting one another

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

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

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

The story behind CinetPay

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

On CinetPay’s mobile and web-based platform, services can sign up to process payments from over 130 different payment operators– including MTN mobile money, M-Pesa, Orange Money, Visa, Mastercard, etc– via a single user interface. This eliminates the need for merchants to integrate with different systems in order to handle sales and earnings.

Its option, which can be integrated into merchant sites, is utilized by a broad selection of companies, from e-commerce platforms to digital public services, insurer, and schools. This makes sense since up to 75%of the population in the Ivory Coast owns a mobile cash account whereas less than 25%have a savings account.

Considering that launch, the start-up declares to have processed over 30 million transactions for 350 active merchants in nine countries, consisting of Ivory Coast, Senegal, Cameroon, Mali, Togo, Burkina Faso, Benin, and Guinea.

Learn More: Ivorian fintech CinetPay protects $2.4 m seed investment from Flutterwave, 4DX Ventures



Quidax is an African-founded cryptocurrency exchange that makes it easy for you to gain access to Bitcoin and other cryptocurrencies. They also make it possible for Fintech companies to use cryptocurrency services to their customers.

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Prior to constructing Autochek, Etop had served as CEO at Cars45, an innovative innovation platform. Under his management, the company expanded into 2 other African companies (Ghana and Kenya). Before then, he was CEO at DealDey, Nigeria’s largest warehouse store. He was likewise Business Director at Konga, among Nigeria’s biggest eCommerce platforms.

In the last season of Structure From Ground Up, we consulted with creators 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 entrepreneur and what he’s gained from constructing numerous businesses.

This discussion is open to everyone, particularly creators, aspiring founders, and everyone who wonders about what goes into starting a business.

Register to attend.

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


  • The Mastercard Strive Neighborhood Innovation Fund 2021 is using small companies the chance to receive approximately $200,000 in moneying for tasks that leverage information and digital options. Check it out
  • The ANF Future Africa Grant 2021 is open to African writers who have actually worked with 360 video, augmented, virtual or combined truth to inform African stories. Inform your story
  • The Deji Alli ARM Young Skill Award 2022 is open to young Nigerians who have innovative start-up concepts that include financial value to the country. Winners of the award will get support and funds of as much as12,000,000($28,000). See if you qualify

What else we read.

  • In the middle of price rises, Bolt presents a 3% “reserving cost” in Nigeria.
  • Autochek Africa launches Africa’s first online brand new vehicle loans market to further aid movement.
  • Visa launches crypto advisory service for banks and merchants.

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