Connect with us

Tech

TLcom Announces 3rd Africa Tech Female Founder Summit

Published

on

TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of the 2021 Africa Tech Female Founder Summit, which will be held virtually on Wednesday 13th October 2021. The keynote session is headlined by Julia Gillard, former Prime Minister of Australia and Chair of Andela, who will discuss how founders should think about establishing and working with their boards from early stage growth to scale. With the event now being held for the third successive year, TLcom has opened applications for female tech founders across Africa and the Diaspora to attend this year’s virtual summit, which also features female C-Suite executives from Africa’s leading tech startups including Desiree Craig of uLesson, Mayokun Fadeyibi of Autochek, Kristen Kelly of Terragon, and Susan Kiama of Twiga Foods.

Themed “Board and C-Suite Matters – Counsel, Coach and Collaborate”, the third Female Founder Summit will deliver expert insights on how to build and leverage a senior team and board to drive strong execution and growth. The goal of the summit is to build an even larger community of female tech founders in Africa that can be a support for one another as they scale their businesses. Julia Gillard’s keynote will be followed by an open Q&A session with attendees as well as a panel discussion on how to attract, motivate and retain high-quality senior talent,moderated by Eloho Omame, co-founder of FirstCheck Africa. .

Speaking on the event, Omobola Johnson, Senior Partner at TLcom Capital, says, “Over the last 18 months, African tech has broken into a completely new threshold of investment activity and as the ecosystem continues to mature, founders are being exposed to an entirely new set of challenges. From our conversations with entrepreneurs in our network, the most pressing of these issues lie in building a core team both above and below a founder and ensuring they all work in the interests of the organisation. If we want our sector to continue on its current trajectory, it’s vital we equip founders to successfully execute these processes both in terms of establishing a more deliberate C-Level hiring strategy and effectively partnering with their boards to amplify the value generation process for their businesses.”  

Due to the global pandemic, TLcom’s 2020 Female Founder Summit was also held as a virtual event with over 100 tech female entrepreneurs and executives from across the continent gathering to experience the power of connecting, learning and being a resource to each other. The 2021 virtual conference has been complemented by local networking cocktail events in Nairobi and Lagos.

Andreata Muforo, Partner at TLcom Capital, adds “Whilst the evolution of a board may present a new journey for founders across African tech, we cannot deny that there are fundamental differences in how female entrepreneurs are viewed in these settings. Women in leadership still have to deal with harmful stereotypes and biases irrespective of their position but a strong and supportive network can make a huge difference in this journey. This is why the Female Founder Summit is so important as nobody understands our experiences like other women and in Julia, and our incredible panellists, we’re delighted to have people who can not only identify with our attendees, but can also share expert strategies on how to navigate these spaces.”

TLcom’s TIDE Africa Fund, which is one of the most active funds across Sub-Saharan Africa, boasts a leadership team which is 50% female and has actively supported female founders not only through its annual summit, but notably through its recent investments in female-led startups over the last 18 months such as Okra and Pula. The fund also recently welcomed the first unicorn into its portfolio after Andela’s $200mn Series E round valued the company at $1.5bn. 

Currently, TLcom manages total commitments of approximately 200mn USD and holds eleven African startups in its portfolio including Andela, Ajua, Autochek, Ilara Health, Kobo360, Okra, Pula, 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

Tech

Google To Delete Billions Of Browser Records To Settle ‘Incognito’ Lawsuit

Published

on

CNN reported that Google will delete billions of data records as part of a settlement for a lawsuit that accused the tech giant of improperly tracking the web-browsing habits of users who thought they were browsing the internet privately.

The suit was originally filed in 2020 and accused Google of misrepresenting the kind of data it collects from users who browsed the internet via “Incognito” private browsing mode in Chrome. Google agreed to settle the suit late last year, but the terms of the settlement were first disclosed in a filing on Monday.

As part of the settlement, Google must delete “billions of data records” that reflect the private browsing activities of users in the class action suit, according to court documents filed Monday in San Francisco federal court.

Google will also update its disclosure to inform users about what data it collects each time a user initiates a private browsing session. Google has already started implementing these changes.

For the next five years, Google will also let private browsing users block third-party cookies as part of the settlement. Google also will no longer track people’s choices to browse the internet privately.

Continue Reading

Tech

NIN-SIM Linkage: NCC Directs Telecommunication Operators To Bar Non-Compliant Subscribers

Published

on

The Nigerian Communications Commission (NCC) has confirmed that it would not be reviewing its deadline to bar owners of more than four SIM cards whose SIM registration data failed to match their National Identity Number (NIN) data.

A source within the Commission explained that the Commission’s position was hinged on its objective to clean the country’s SIM ownership database, and ensure that criminals could not take advantage of having multiple unlinked SIMs to carry out their nefarious activities.

“We are not standing back on our decision. March 29th is sacrosanct. Our resolve is hinged on the need to close in on the chaos of untoward ownership of multiple SIM cards with unverified NIN details. We have instances where a single individual has over 10,000 lines linked to his NIN. In some cases, we have seen a single person with 1,000 lines, some 3,000 plus lines. What are they doing with these lines?

“From our interim findings, the owners of these lines did not purchase them for decent purposes or to undertake legitimate activities.

“We have given them enough time to make the decision of which of their lines they want to keep, and discard the others. They did not. All lines in this category with unverified NINs will be barred. They will be then expected to go to their operators and decide which of the lines they want to keep, as well as submit correct NIN details.

“Some people would say they want to use it for car trackers, or for IoTs, but provision has been made for these services already. They are not under the ‘Max-4 Rule.’

“Across the world, no country allows you to have 1,000 SIM cards to make calls or texts.”

The Max-4 Rule announced by the Federal Government in April 2021 provides that telecom subscribers cannot have more than four lines per mobile network operator.

The NCC has also provided Mobile Network Operators (MNOs) an extension till July 31st 2024 within which they are expected to verify all NINs submitted by subscribers with four (4) or less SIMs, as well as bar those whose NIN fail verification with NIMC.

An authoritative source within the Commission who is familiar with the matter stated that the Commission’s management arrived at the decision at a crucial meeting it held today to review requests from the major Mobile Network Operators requesting for extension for the verification of NINs submitted.

The source also stated that the Commission is mulling the idea to approve an online application solution for MNOs where their subscribers whose NIN verification failed due to biometric mismatch can update their records on the app, while existing subscribers can register additional lines.

Continue Reading

Business

Kingsley Adonu’s Journey: A Tale of Hard Work and Dedication in the Telecom Industry

Published

on

In the fast-paced world of telecommunications, success is often attributed to those who demonstrate exceptional dedication and hard work. Kingsley Adonu’s remarkable journey stands as a testament to these qualities, paving the way for him to become a valuable partner with MTN, a leading global telecommunications company.

Adonu’s story begins with a humble background, where he cultivated a strong work ethic from an early age. His relentless pursuit of excellence caught the attention of industry leaders, setting the stage for a career marked by determination and resilience.

One of the key factors that propelled Adonu to success was his unwavering commitment to learning and staying ahead of industry trends. He immersed himself in the dynamic world of telecommunications, acquiring the knowledge and skills needed to navigate the rapidly evolving landscape. Adonu’s continuous pursuit of knowledge not only enhanced his expertise but also positioned him as a visionary in the field.

As he climbed the career ladder, Adonu faced numerous challenges, but his tenacity and commitment to overcoming obstacles set him apart. His ability to adapt to changing market dynamics and capitalize on emerging opportunities made him a standout professional in the telecom sector.

Adonu’s pivotal moment came when he aligned his efforts with MTN, a global telecom giant known for innovation and cutting-edge technology. Recognizing Adonu’s track record of hard work and dedication, MTN saw a valuable partner in him. The partnership marked a significant milestone in Adonu’s career, opening doors to new possibilities and avenues for growth.

The success of Adonu’s collaboration with MTN can be attributed to his strategic vision and innovative thinking. As a partner, he played a crucial role in steering the company toward continued success, contributing to its expansion and influence in the telecommunications market.

Kingsley Adonu’s journey serves as an inspiration for aspiring professionals in the telecom industry. His story underscores the importance of hard work, dedication, and a passion for continuous improvement. Adonu’s ascent to becoming an MTN partner is a testament to the transformative power of perseverance and a relentless pursuit of excellence in the dynamic world of telecommunications.

Continue Reading

Trending