Avsnitt

  • The African continent has the highest levels of poverty, the lowest levels of formal employment, and its population is going to double in the next 30 years.

    African countries need to create more jobs. But what kinds of jobs? And how?

    What if I told you that the way governments and development organizations are trying to create jobs in Africa is all wrong?

    To make a dent in this problem requires an understanding of the realities on the ground and how that has impacted the preferences of the labor markets in question.

    The future of work, for Africans in particular, is not a formal job but a technology-enabled portfolio of work.

    00:00 - Intro
    01:36 - Informal is normal
    03:14 - A portfolio of work
    05:24 - Using jobtech platforms like Tendo for supplemental income
    08:33 - To what degree can jobtech platforms address the underemployment issues across the continent?

    To learn more about the Jobtech Alliance, visit https://jobtechalliance.com

    Check out last year's podcast series on the future of work: https://go.theflip.africa/future-of-work


    Our Links -

    🔔 Youtube - https://youtube.com/@theflipafrica

    💻 Website - https://theflip.africa

    🐦 Twitter - https://twitter.com/theflipafrica

    👥 LinkedIn - https://linktedin

    📸 Instagram - https://instagram.com/theflipafrica

  • Despite research showing that female founders outperform their male peers, startups with a solo female founder or an all-female founding team raised a mere 2% of all the funding in Africa last year. There is a huge gender funding gap. How do we close it?

    This episode is the last episode of a five-episode series on gender lens investing, co-hosted by Eloho Omame, Founding Partner of First Check Africa, an early-stage fund backing female-led startups. Each episode of this series will explore a different level of the fundraising value chain.

    In this episode, we're exploring ecosystem and capacity building with Jessica Espinoza, the CEO of 2X Global, an organization aimed at unlocking gender smart capital at scale. Jessica chairs the 2X Challenge which has raised more than $27 billion of gender lens investments since its launch at the G7 Summit in 2018.

    00:00 - Intro
    02:10 - Unlocking gender-smart capital at scale
    03:43 - What is gender-smart capital?
    06:46 - Applying the 2X framework to investing
    10:25 - Building the gender-smart investing ecosystem
    19:52 - The primary issue is bias
    22:54 - Mainstreaming gender-smart capital
    25:55 - What is success for 2X Global?
    33:29 - A retrospective conversation with Eloho & Justin


    In Episode 1 of this series, we spoke to the founders: Bamboo's Yanmo Omorogbe & Uncover's Sneha Mehta: https://theflip.africa/podcast/why-is-only-2-of-funding-going-to-female-founders

    In Episode 2 of this series, we spoke to angel investor Yemi Keri, Co-founder of Rising Tide Africa: https://theflip.africa/podcast/this-angel-investor-is-closing-the-gender-funding-gap

    In Episode 3 of this series, we were joined by the fund managers: Alitheia Capital's Tokunboh Ishmael & TLcom Capital's Andreata Muforo: https://theflip.africa/podcast/investing-in-women-is-an-economic-imperative

    In Episode 4 of this series, we spoke to an LP investing in the fund managers: Sam Akyianu, Managing Director of the Mastercard Foundation Africa Growth Fund: https://theflip.africa/podcast/mastercard-foundation-is-investing-150-million-into-20-gender-lens-funds

    This series is created under the ScaleX project: Co-designing Solutions to close the early stage gender-financing gap in Africa, an initiative of Make-IT in Africa.

    Make-IT in Africa promotes entrepreneurship and innovation ecosystems across Africa for green and inclusive development. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH implements this project on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

    Our Links -

    🔔 Youtube - https://youtube.com/@theflipafrica

    💻 Website - https://theflip.africa

    🐦 Twitter - https://twitter.com/theflipafrica

    👥 LinkedIn - https://linktedin

    📸 Instagram - https://instagram.com/theflipafrica

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  • Despite research showing that female founders outperform their male peers, startups with a solo female founder or an all-female founding team raised a mere 2% of all the funding in Africa last year. There is a huge gender funding gap. How do we close it?

    This episode is the fourth of a five-episode series on gender lens investing, co-hosted by Eloho Omame, Founding Partner of First Check Africa, an early-stage fund backing female-led startups. Each episode of this series will explore a different level of the fundraising value chain.

    The Mastercard Foundation Africa Growth Fund is a $150 million fund-of-funds initiative investing in twenty gender lens funds, with a particular focus on closing the financing and support gap for females.

    And in this episode, we're joined by Sam Akyianu, Managing Director of the Mastercard Foundation Africa Growth Fund.

    00:00 - Intro
    01:54 - Investing $150m in 20 vehicles
    08:06 - Fund evaluation & investment decisions
    23:09 - Measuring success
    31:25 - Overmentored and underfunded?
    35:04 - Getting other LPs onboard
    36:43 - A retrospective conversation with Eloho & Justin


    In Episode 1 of this series, we spoke to the founders: Bamboo's Yanmo Omorogbe & Uncover's Sneha Mehta: https://theflip.africa/podcast/why-is-only-2-of-funding-going-to-female-founders

    In Episode 2 of this series, we spoke to angel investor Yemi Keri, Co-founder of Rising Tide Africa: https://theflip.africa/podcast/this-angel-investor-is-closing-the-gender-funding-gap

    In Episode 3 of this series, we were joined by the fund managers: Alitheia Capital's Tokunboh Ishmael & TLcom Capital's Andreata Muforo: https://theflip.africa/podcast/investing-in-women-is-an-economic-imperative

    This series is created under the ScaleX project: Co-designing Solutions to close the early stage gender-financing gap in Africa, an initiative of Make-IT in Africa.

    Make-IT in Africa promotes entrepreneurship and innovation ecosystems across Africa for green and inclusive development. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH implements this project on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

    Our Links -

    🔔 Youtube - https://youtube.com/@theflipafrica

    💻 Website - https://theflip.africa

    🐦 Twitter - https://twitter.com/theflipafrica

    👥 LinkedIn - https://linktedin

    📸 Instagram - https://instagram.com/theflipafrica

  • Despite research showing that female founders outperform their male peers, startups with a solo female founder or an all-female founding team raised a mere 2% of all the funding in Africa last year. There is a huge gender funding gap. How do we close it?

    This episode is the third of a five-episode series on gender lens investing, co-hosted by Eloho Omame, Founding Partner of First Check Africa, an early-stage fund backing female-led startups. Each episode of this series will explore a different level of the fundraising value chain.

    In this episode, we're joined by the investors. Tokunboh Ishmael is the Co-founder and Managing Partner of Alithea Capital, a $100 million gender lens private equity fund. Andreata Muforo is a Partner at TLcom Capital, an early-stage venture capital fund with a 60% female partnership.

    00:00 - Investing in women is an economic imperative

    02:12 - Introducing Tokunboh

    04:04 - An Alitheia-led thesis

    05:36 - What does gender-lens investing look like in practice?

    11:49 - What about the financial returns?

    13:35 - Impact targets

    17:24 - Are there enough women founders in the pipeline?

    19:54 - Women are over-mentored and under-funded

    23:48 - Is a female investor backing a female founder a negative signal?

    26:53 - What does success look like?

    29:47 - Introducing Andreata

    31:15 - Why is a traditional VC fund like TLcom trying so hard to invest in more female founders?

    33:03 - How VCs make investment decisions

    36:18 - Only 25% of the pipeline has a female co-founder

    40:44 - Is there a fundamental mismatch with VC and gender-lens investing?

    42:31 - What does success look like? Part two

    46:47 - A retrospective conversation with Eloho & Justin

    In Episode 1 of this series, we spoke to the founders: Bamboo's Yanmo Omorogbe & Uncover's Sneha Mehta: https://theflip.africa/podcast/why-is-only-2-of-funding-going-to-female-founders

    In Episode 2 of this series, we spoke to angel investor Yemi Keri, Co-founder of Rising Tide Africa: https://theflip.africa/podcast/this-angel-investor-is-closing-the-gender-funding-gap

    This series is created under the ScaleX project: Co-designing Solutions to close the early stage gender-financing gap in Africa, an initiative of Make-IT in Africa.

    Make-IT in Africa promotes entrepreneurship and innovation ecosystems across Africa for green and inclusive development. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH implements this project on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

    Our Links -

    🔔 Youtube - https://youtube.com/@theflipafrica

    💻 Website - https://theflip.africa

    🐦 Twitter - https://twitter.com/theflipafrica

    👥 LinkedIn - https://linktedin

    📸 Instagram - https://instagram.com/theflipafrica

  • Despite research showing that female founders outperform their male peers, startups with a solo female founder or an all-female founding team raised a mere 2% of all the funding in Africa last year. There is a huge gender funding gap. How do we close it?

    This episode is the second of a five-episode series on gender lens investing, co-hosted by Eloho Omame, Founding Partner of First Check Africa, an early-stage fund backing female-led startups. Each episode of this series will explore a different level of the fundraising value chain.

    In this episode, we're exploring Angel Networks with Yemi Keri, co-founder of Rising Tide Africa, a women-oriented angel network in Nigeria.

    00:00 - Intro
    01:42 - Rising Tide Africa
    05:06 - Mentoring, Investment, Networking, Education
    07:25 - Growing the pool of female angels
    12:15 - Where are the interventions needed to close the gender funding gap?
    14:13 - Yemi's investment approach
    18:07 - What does success look like?
    22:04 - Exits?
    26:40 - A retrospective conversation with Eloho & Justin

    Episode 1 of this series featured Bamboo's Yanmo Omorogbe & Uncover's Sneha Mehta: https://theflip.africa/podcast/why-is-only-2-of-funding-going-to-female-founders


    This series is created under the ScaleX project: Co-designing Solutions to close the early stage gender-financing gap in Africa, an initiative of Make-IT in Africa.

    Make-IT in Africa promotes entrepreneurship and innovation ecosystems across Africa for green and inclusive development. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH implements this project on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

    Our Links -
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://linktedin
    📸 Instagram - https://instagram.com/theflipafrica

  • Despite research showing that female founders outperform their male peers, startups with a solo female founder or an all-female founding team raised a mere 2% of all the funding in Africa last year. There is a huge gender funding gap. How do we close it?

    This episode is the first of a five-episode series on gender lens investing, co-hosted by Eloho Omame, Founding Partner of First Check Africa, an early-stage fund backing female-led startups. Each episode of this series will explore a different level of the fundraising value chain.

    In this episode, we're joined by the founders: Yanmo Omarogbe, the Co-founder and COO of the Nigerian investment platform Bamboo, and Sneha Mehta, the Co-founder and CEO of Uncover, a direct-to-consumer skincare brand in Kenya.

    00:00 - Intro
    02:00 - Yanmo & Sneha's fundraising experiences
    13:19 - If tech companies raise more money, should more women start tech companies?
    19:55 - What does "the ecosystem" need to be doing more of to help female founders?
    25:26 - The added burdens for female founders
    32:18 - What does success look like?
    38:15 - Is money raised the right metric?
    41:36 - The 2% Ceiling
    47:30 - A retrospective conversation with Eloho & Justin


    This series is created under the ScaleX project: Co-designing Solutions to close the early stage gender-financing gap in Africa, an initiative of Make-IT in Africa.

    Make-IT in Africa promotes entrepreneurship and innovation ecosystems across Africa for green and inclusive development. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH implements this project on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

    Our Links -
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://linktedin
    📸 Instagram - https://instagram.com/theflipafrica

  • Today's guest is Aigboje Aig-Imoukhuede, Chairman of Coronation Capital and former Group MD and CEO of Access Bank.

    Aigboje is one of the most successful and esteemed businesspeople on the continent. In 2002, he led the acquisition of Access Bank, which under his 11-year leadership grew into the largest bank in Nigeria and one of the largest in Africa.

    This wide-ranging discussion with the Chairman took place during the 2023 UN General Assembly in New York at an event hosted by the early-stage VC fund Microtraction, in which we were joined in conversation with Microtraction's Founding Partner, Kwamena Afful.

    00:00 - Intro
    02:59 - Banks as vehicles for economic empowerment
    06:28 - Africa's credit gap
    13:08 - Aigboje's view on transition
    16:50 - The infrastructure for Africa's comparative advantages
    19:22 - Africa's risk premium
    25:12 - "Africa will solve its problems when it starts producing in Africa"
    29:54 - Building digital economies
    32:09 - One African currency?
    38:21 - Engendering Africa's potential


    Our Links -
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://linktedin
    📸 Instagram - https://instagram.com/theflipafrica

  • Today's guests are Natalie Kolbe, Ngetha Waithaka and Lexi Novitske - Partners of the $205 million growth fund Norrsken22.

    In this episode, we'll talk about investment strategy, valuations, perspectives for the ecosystem, exits, and much more.

    00:00 - Intro
    00:48 - Norrsken22's $205m fundraise
    09:36 - Investment strategy & process
    12:43 - Investing in asset-light marketplaces
    14:37 - Expansion
    18:04 - Investment theses
    27:26 - Macro perspectives
    30:22 - What are the partners focused on and thinking about?
    35:23 - Exits
    40:49 - What does success look like?

    Our Links -
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://linktedin
    📸 Instagram - https://instagram.com/theflipafrica

  • Today's guest is Perseus Mlambo, Co-founder and CEO of Union54, the developers of the social commerce app ChitChat.

    The company started as Zazu, an agtech startup, which pivoted to Zazu the neobank. After issuing virtual cards for their users and seeing the demand other fintechs had for virtual cards, they pivoted to Union54 the card issuing API, which after massive traction in the fintech ecosystem and subsequent issues with fraud, has pivoted once more to ChitChat.

    With many pivots come many lessons, and in this episode, Perseus shares his lessons and much more.

    00:00 - Intro
    03:01 - Perseus' Pivots
    05:14 - Union54 and chargeback fraud
    09:37 - Are Union54's problems solvable?
    12:30 - Stakeholder management
    19:03 - Alternative options for the company
    22:27 - Perseus' conviction in the team & the opportunity
    27:00 - Union54's newest product, ChitChat
    30:18 - ChitChat's unique cap table structure
    34:37 - What's the vibe in the ecosystem?
    38:05 - The vision for the company

    Episode Links -
    Perseus' interview with TechCrunch
    Follow Perseus on Twitter


    Our Links -
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://linktedin
    📸 Instagram - https://instagram.com/theflipafrica

  • Today's guest is Adia Sowho, one of the most experienced and thoughtful operators in the African tech ecosystem. After starting her career in consulting and telecommunications, Adia led growth at the digital credit startup Migo, before leading the turnaround as Interim CEO of the embattled agriculture finance company Thrive Agric.

    In this episode, we'll learn from Adia about her lessons working across both big and small companies, about the importance of sharing those lessons learned, and so much more.

    00:00 - Intro
    03:41 - Sharing is a must
    07:19 - Lessons from the Thrive Agric turnaround
    09:54 - Why join MTN?
    17:47 - Where are the Sheryl Sandbergs?
    20:32 - Lessons from every stage of company
    31:24 - Nigeria is a hard operating environment
    34:37 - More money, more problems?
    35:34 - Wisdom for startups
    37:53 - Sharing is a must, part 2
    46:19 - Adia has a Substack


    References -
    The Anatomy of a Turnaround - https://theflip.africa/newsletter/the-anatomy-of-a-turnaround
    Adia's Substack - https://adia.substack.com/
    Follow Adia - https://twitter.com/adiaspeaks
    Full episode transcript - https://theflip.africa/podcast/mtn-nigeria-s-adia-sowho-sharing-is-a-must

    Our Links -
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://linktedin
    📸 Instagram - https://instagram.com/theflipafrica

  • Today's guest is Ham Serunjogi, the Co-founder and CEO of Chipper Cash.

    In 2021, Chipper raised $150 million Series C extension, valuing the startup at $2 billion, but has since cut its valuation, reportedly by 70 percent, has engaged in three rounds of layoffs, reducing its headcount by nearly 175 from its peak of 450, and has drastically pulled back from its aggressive growth and expansion strategies across the continent.

    This conversation with Ham comes at an interesting time for Chipper and in the market, in general. Tough macro conditions on the continent, a slowdown of funding, tech layoffs. And at the same time, a lot of new and significant product launches for the company.

    00:00 - Intro

    03:05 - Long-term perspectives & time horizons

    06:13 - Challenges operating across Africa

    08:20 - Reflecting on Chipper's growth strategies

    11:25 - Chipper ID

    15:40 - Full-stack vs. focus

    19:40 - Zoona acquisition & agent networks

    26:04 - What lessons has Ham learned?

    30:15 - Layoffs

    31:45 - Capital allocation going forward

    34:24 - Zepz acquisition?

    37:07 - More lessons

    43:39 - What does the future look like for Chipper?

    🔗 Our Links
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://www.linkedin.com/company/theflipafrica
    📸 Instagram - https://instagram.com/theflipafrica

  • Today's guest is Dare Okoudjou, the Founder and CEO of MFS Africa, which this week has rebranded to Onafriq.

    The new name represents a new chapter in the company, which is a very different looking company than when we first had Dare on the show back in 2020, after their acquisition of Beyonic. Since then, they've also acquired the card issuer, GTP in the US, and the agent network Baxi in Nigeria.

    This current period of the African tech ecosystem is one of increased consolidation and company shutdowns amidst a fundraising downturn. And in this environment, there's perhaps no better and more experienced founder on the continent to learn from than Dare.

    00:00 - Intro
    01:48 - What's in a name?
    04:26 - Cross-border payments
    13:51 - Banks vs. Fintechs
    15:24 - Onafriq's role in the payment value chain
    20:27 - The people aspect of acquisitions
    24:08 - On fintech consolidation
    29:55 - Dare's take on the state of the market
    35:03 - On fundraising
    37:56 - The next 5 years for Onafriq
    39:19 - Exits?

    🔗 Our Links
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://www.linkedin.com/company/theflipafrica
    📸 Instagram - https://instagram.com/theflipafrica

  • Today's guests are Michael Seibel, the Managing Director of Y Combinator, and Kwamena Afful, a Founding Partner of Microtraction.

    Michael has been an avid supporter of the African tech ecosystem. Since his first trip to Lagos in 2016, and since Paystack joined YC's winter batch earlier that year, the number of African startups that have participated in the global accelerator has grown to 89.

    And for Microtraction, the early-stage fund was founded in 2017, in part in relation to the increased global interest in the African tech ecosystem, where Microtraction's early financial support and local know-how could help fill the gap.

    In this episode, we hear from Michael and Kwamena about their shared perspectives on the opportunities they see and their bet on African talent.

    00:00 - Intro
    03:08 - Honorary Chieftan Michael Seilbel
    04:28 - Supporting the African tech ecosystem
    07:41 - Fintech deep dive
    10:19 - Software companies crossing borders
    14:49 - Solving African problems
    22:24 - What about the continent's population growth?
    25:47 - Investing in African talent
    29:38 - Creating jobs
    31:44 - Connecting African talent to the global marketplace

    🔗 Our Links
    🔔 Youtube - https://youtube.com/@theflipafrica
    💻 Website - https://theflip.africa
    🐦 Twitter - https://twitter.com/theflipafrica
    👥 LinkedIn - https://www.linkedin.com/company/theflipafrica
    📸 Instagram - https://instagram.com/theflipafrica

  • Today's guest is Kiaan Pillay, the Co-founder and CEO of Stitch. My conversation with Kiaan comes on the heels of their recent fundraising announcement, a $25 million Series A extension led by the global fintech fund Ribbit Capital, which brings their total funding raised up over $50 million since the launch of the company in 2019.

    In this episode, we talk to Kiaan about how they've gotten here, the intangibles of company building, their vision for the next generation of payments, and much more.

    00:00 - Intro
    03:29 - Stitch's $25 million Series A extension
    05:51 - Why take money from Ribbit Capital?
    07:00 - Stitch's growth
    09:03 - Building products for enterprise
    11:38 - A developer-centric org
    13:23 - What products has Stitch built?
    15:50 - Building a "next-generation" PSP
    19:06 - Specialization vs. building the full stack
    22:36 - How deep is the South African market?
    29:48 - Stitch's company culture as a reflection of Kiaan
    32:28 - How Stitch has recruited so well
    35:20 - The perception of startups and equity in South Africa
    37:15 - How Kiaan hired Stitch's president
    39:26 - Investing in product and engineering talent
    42:17 - Kiaan's evolution as a startup founder to CEO of a 70-person company
    44:30 - The future for Stitch and fintech in Africa


    Follow us on Twitter:
    https://twitter.com/theflipafrica
    https://twitter.com/just_norm

  • Today's guest is Olugbenga Agboola, better known as the one and only GB - the Co-founder and CEO of Flutterwave.

    It's been a trying last year or so for Flutterwave with issues of fraud, allegations of impropriety inside the company, regulatory hurdles, and the general challenges of scaling a fintech in a tough operating environment.

    Yet through it all, Flutterwave has "technology reach" in 34 countries, they've continued to ship new products beyond their core payments technology, including their rebranded remittance product Send App, and there are rumors swirling about the near-term timeline of their planned IPO.

    In this episode, we'll hear from GB about many of his recent lessons, his perspectives on product and expansion strategy, and we'll ask many of the questions we've been wanting to hear from him about, including the big one about Flutterwave's IPO.

    00:00 - Intro
    03:13 - When is Flutterwave going public?
    04:56 - What about the allegations?
    09:24 - Sharing more for the benefit of the ecosystem
    11:17 - Growth and expansion
    16:13 - Did Flutterwave grow too fast?
    21:09 - Fundraising and the African growth story
    27:11 - GB's angel investing activities
    30:29 - Lessons from GB's banking and big tech background
    32:08 - Why did GB start Flutterwave in the first place?
    33:49 - Are payments still broken?
    35:55 - The vision for the future
    38:02 - Final words of wisdom


    Follow us on Twitter:
    https://twitter.com/theflipafrica
    https://twitter.com/just_norm
    https://twitter.com/techprod_arch

  • The future of work in the African context is going to be a lot of different things. It mimics the nature of work itself for many individuals on the continent. They're taking this portfolio approach to work. Even in more "developed markets" we're seeing work become less formal and more flexible, as work becomes unbundled from employment. And this evolution of work itself provides a whole set of new challenges and opportunities.

    So this episode is a retrospective on the entire season, in which we explore more of these questions about the future of work in this context. And joining The Flip's Justin Norman and Kandua's Sayo Folawiyo for this conversation is friend of The Flip, Chris Maclay, the Program Director for the Jobtech Alliance at Mercy Corps.

    00:00 - Intro.
    04:30 - Portfolio of work, earnings, stability, growth.
    08:40 - Who gets to decide if a job is good or bad?
    15:48 - Training, enablement, and platforms.
    19:48 - The HustleOS and micro-franchising.
    24:28 - The Future of Work is a portfolio of work.
    29:54- Digital services for export.
    32:57- Market sizing platform-enabled digital work.
    41:39 - Should there have been an episode called The Future of Work is Universal Basic Income?


    This season of The Flip is sponsored by MFS Africa.

  • There is a perception that there's a tech talent shortage in the African tech ecosystem, and that it's hard to find high-quality local talent.

    There has been lot of conversation around the impact and role of Big Tech in the equation, which many felt were also culprits in driving up the price of talent in local marketplaces. In an environment of talent scarcity, there's been an upward pressure on salaries for talent of a certain caliber - which Big Tech can more readily afford compared to startups.

    And while the supply-demand equation may be changing a bit in the context of recent market downturns and layoffs, this talent question is an important one for the continued development of the tech ecosystem.

    So while we hear a lot from startups and founders in this episode, we're going to get a different perspective from the Big Tech companies themselves.

    00:00 - Intro, there is a perceived talent scarcity problem in the African tech ecosystem.
    04:37 - We start with Google, and their Managing Director for Sub-Saharan Africa, Nitin Gajria.
    05:38 - Google is investing $1 billion in Africa over 5 years.
    08:16 - Catherine Muraga is the Managing Director of the Microsoft Africa Development Centre in Nairobi.
    11:49 - Talent scarcity and compensation.
    13:59 - The competition for talent is global.

    This season of The Flip is sponsored by MFS Africa.

    Follow The Flip on Twitter @theflipafrica and subscribe to our newsletter The Flip Notes at https://theflip.africa/newsletter.

  • We're dropping one more episode of our new show, crypto@scale, on The Flip's feed today. In this episode, we interview our first guests on what might be Africa's killer crypto app, stablecoins. According to data from Coinmetrics, cumulative Stablecoin volumes are at a $9 trillion annualized run rate, exceeding the volumes of all major card networks, except for Visa. Across the African continent, stablecoins are finding meaningful uptake, particularly in markets with low USD liquidity, or countries experiencing currency devaluation.

    In today's episode, we're going to explore stablecoins in two parts. First, a global perspective with Joao Reginatto, the VP of Product at Circle, which is the company behind the USDC stablecoin. Second, a local perspective with Ngozi Dozie, Co-Founder of the African digital bank, Carbon.

    This episode of crypto@scale is sponsored by Ripple. Across Africa, Ripple is partnering with local financial institutions and fintechs to bring the benefits of better cross-border remittances to the region. To learn more and get in contact with the Ripple team, head over to ripple.com.

    00:00 - Intro. Stablecoins are the best thing since sliced bread, according to Ngozi Dozie.
    02:23 - Introducing Joao Reginatto, VP, Product at Circle and product lead for USDC.
    02:48 - What is a stablecoins?
    04:21 - Why stablecoins?
    13:33 - Not all stablecoins are equal. USDC is pegged 1:1 to the Dollar.
    24:22 - What else is Circle focused on to broaden the adoption of USDC?
    28:30 - Regulation.
    32:10 - What's next for stablecoins?
    36:25 - Joao's recommendations.
    37:44 - Explooring stablecoins in the African context, with Carbon's Ngozi Dozie.
    40:48 - Use cases: access to foreign exchange, hedge against devaluation.
    44:05 - Carbon's FX and borrowing woes.
    48:22 - Stablecoins as a platform.
    52:27 - Challenges to stablecoin adoption.
    1:00:06 - Ngozi is scared of the risk of capital flight.
    1:03:46 - Ngozi's recommendations.


    Follow us on twitter @cryptoatscale.

  • We interrupt this season on the future of work to drop a special episode today in The Flip’s feed. Introducing crypto@scale, a new show from The Flip, co-hosted by MFS Africa's Head of Crypto, Gwera Kiwana, and The Flip's Justin Norman.

    crypto@scale is a pragmatic and hopefully hype-free exploration of the crypto ecosystem across the African continent.

    If you enjoy this episode, please be sure to subscribe on your favorite podcast app or YouTube by searching for crypto@scale. We'll be dropping one more episode later this week and new episodes every other week thereafter.

    Today's episode is a conversation recorded live from Nairobi last month. In this conversation, we share our perspectives on the sector, the use cases we find the most intriguing, the challenges we find most pressing, why we're launching a crypto show in the middle of a bear market, and what you can expect from us and this show.

    For more from crypto@scale, follow us on Twitter @cryptoatscale.

    00:00 - Intro
    02:16 - Why are we launching this show
    3:51 - The African market conditions and context for crypto's adoption
    6:47 - Crypto use cases: stablecoins
    10:36 - Regulation, centralization, and CBDCs
    14:16 - DeFi and real-world assets
    17:36 - Interoperability
    19:26 - User experience and crypto education
    22:17 - The DeFi Mullet
    23:14 - Who's going to build and design for the future of African markets?
    26:57 - Why the name crypto@scale? And what does crypto at scale mean to us?
    29:15 - Prediction and wishlist

  • Where there is fragmentation, informality, and a dearth of infrastructure, there are questions about what the path to formality and standardization will look like. One intriguing answer to that question is conversion franchising, where existing stores are converted into a franchise.

    In the future of work context, are microenterprises, their owners, and their employees better off as converted franchisees?

    This episode is a case study, with mPharma's Gregory Rockson.

    00:00 - We begin this episode's exploration with a question - are subsistence farmers better off as employees of a commercial farm? With Twiga Foods' Peter Njonjo.
    06:01 - What does the path to formalization and standardization look like across African markets and sectors? This episode is a case study of conversion franchising, with mPharma's Gregory Rockson.
    We define conversion franchising, with help from Next Billion.
    07:31 - mPharma started out as an asset-light platform.
    09:38 - How mPharma's pharmacy-in-a-box program, QualityRX, got started.
    15:38 - From converting franchises one-by-one to pursuing an M&A strategy to convert by the dozen.
    21:15 - Is conversion franchising the future of work? Exploring why the model has worked so well for mPharma and pharmacy retail.
    25:10- Gregory's theory of change.
    27:12 - A retrospective conversation with Sayo Folawiyo and Justin Norman.

    This season of The Flip is sponsored by MFS Africa.