1/ Here’s a recap of what happened last week in Africa's startup ecosystem [Week 31]

• A sizeable payments exit 🥳

• A unicorn regains its wings 🦄

• Reads of the week 📚

• Podcasts + Jobs of the week

• Tweets & News of the week

• and more https://afridigest.substack.com/p/afridigest-week-in-review-africas
Afridigest Week in Review: Africa's payments sector proves popular

+A unicorn regains its wings +Lessons from Southeast Asia and Bangladesh +Inflection Points, Impatience, and Platform Business Models +More

https://afridigest.substack.com/p/afridigest-week-in-review-africas
2/ Deal of the week: A sizeable payments exit

• Network International acquired @DPOGroup for $288M👀

• DPO itself previously acquired 6 startups over the years: @PayFast, PayGate, VCS, PayThru, 3G Direct Pay, & SID Instant EFT

https://twitter.com/eajene/status/1288198652423536640
3/

@DPOGroup CEO & Co-founder @eranfe said: "This deal is a landmark deal for the African payments space ... it’s one of the largest acquisitions of an African payments service provider to date ... It’s an exciting moment for the African fintech industry" https://www.cnbcafrica.com/videos/2020/07/30/network-international-to-acquire-online-commerce-platform-dpo-for-288mn/
Network International to acquire online commerce platform DPO for $288mn - CNBC Africa

Yesterday it was announced that online commerce platform, DPO Group has entered into an agreement to be acquired by Network International. The deal, in which the latter is set to acquire 100 per cent...

https://www.cnbcafrica.com/videos/2020/07/30/network-international-to-acquire-online-commerce-platform-dpo-for-288mn/
4/

• It's worth noting the deal's 18.5x FY19 revenue multiple 🧐

• The deal also follows MFS' Week 27 acquisition of Beyonic, and may signal more African fintech consolidation in the medium-term

• For more on DPO, see this article from @TommyASC91 https://www.forbes.com/sites/tommywilliams1/2020/07/30/meet-dpo-group-the-pan-african-fintech-company-powering-digital-commerce-acquired-for-288-million-in-watershed-deal-for-african-tech/#6c2c9d562ba3
Meet DPO Group: The Pan-African Fintech Company Powering Digital Commerce, Acquired For $288...

From small beginnings with a handful of clients and only 6 employees as recently as 2016, DPO Group is now an African payments juggernaut processing $2 billion worth of transactions annually and...

https://www.forbes.com/sites/tommywilliams1/2020/07/30/meet-dpo-group-the-pan-african-fintech-company-powering-digital-commerce-acquired-for-288-million-in-watershed-deal-for-african-tech/#6c2c9d562ba3
5/ Unicorn talk

• Don't look now but @Jumia_Group is again a Billion USD company (mkt-cap)

• It seems to be benefitting from Amazon's earnings report as the stock has skyrocketed since the 30th

• JMIA reports on Aug. 12 - FAJANG is the new FAANG? 🤔
https://twitter.com/RichGuineaPig/status/1289373600919646209
6/ Reads of the week: Southeast Asia

• https://restofworld.org/2020/bangladesh-economy-runs-on-facebook/ by @NilChristopher

• https://julieyoung.substack.com/p/thoughts-on-sea-limited by @juliey4
If Zuckerberg ran your economy, it would look a lot like this

There is no Amazon. There is no eBay. If you want to buy a dress or a crested finch from the comfort of your home, you have to use Facebook.

https://restofworld.org/2020/bangladesh-economy-runs-on-facebook/
7/ Reads of the week

• https://www.michaeldempsey.me/blog/2020/07/29/inflection-points/ by @mhdempsey 🔥🔥🔥

• https://www.benkuhn.net/impatient/  by @benskuhn

• https://afridigest.substack.com/p/innovators-can-win-by-developing by @eajene
On Inflection Points - Michael Dempsey: Blog

Understanding the importance of inflection points in technology, startups, and investing. Inflection points matter because they create shifts that cascade down for multiple decades

https://www.michaeldempsey.me/blog/2020/07/29/inflection-points/
8/ Podcasts of the week

• @ChijiokeD on the Invest Africa podcast https://podcasts.google.com/?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy8xNjM2ZGIyOC9wb2RjYXN0L3Jzcw&episode=MDZlNTZmZGYtYWY0ZC00ZmYyLWExMzUtNzViMzY5M2VmOGU1

• @monicamusonda on @Akaego's African Business Stories podcast https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS84OTIwMzMucnNz&episode=QnV6enNwcm91dC00NjQyODIw
Invest Africa Insights - Meet the Entrepreneur - Chijioke Dozie, Co-Founder & CEO, Carbon

This week on Meet the Entrepreneur we speak to Chijioke Dozie, Co-Founder & CEO of Carbon, on the digitalisation of Africa's financial services,  the launch of Carbon Express and the future of...

https://podcasts.google.com/?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy8xNjM2ZGIyOC9wb2RjYXN0L3Jzcw&episode=MDZlNTZmZGYtYWY0ZC00ZmYyLWExMzUtNzViMzY5M2VmOGU1
9/ Jobs of the week

• @getkwara - UX https://recruit.zohopublic.com/recruit/PortalDetail.na?iframe=true&digest=CBKGtoaZeUj3jU.SvQPr0XGAUnkE7bVo.a85bxdBEmQ-&jobid=567172000000764058&widgetid=567172000000072311&embedsource=CareerSite

• @voyanceHQ - ReactJS Dev https://twitter.com/voyanceHQ/status/1287003424739950592 (cc: @ebottabi)

• @ouredenlife - Frontend Eng https://twitter.com/nadayar/status/1287779666481168385 (cc: @nadayar)

• @buycoins_africa - Backend Dev https://twitter.com/timigod/status/1287754603728179200 (cc: @timigod)
10/ Book of the week

• Digital Entrepreneurship in Africa: 𝐻𝑜𝑤 𝑎 𝐶𝑜𝑛𝑡𝑖𝑛𝑒𝑛𝑡 𝐼𝑠 𝐸𝑠𝑐𝑎𝑝𝑖𝑛𝑔 𝑆𝑖𝑙𝑖𝑐𝑜𝑛 𝑉𝑎𝑙𝑙𝑒𝑦'𝑠 𝐿𝑜𝑛𝑔 𝑆ℎ𝑎𝑑𝑜𝑤 by @friedema @michelwahome & @geoplace

• Available online at no cost - #OpenAccess: https://direct.mit.edu/books/book/4850/Digital-Entrepreneurship-in-AfricaHow-a-Continent
11/ Visual of the Week

• There's remains a huge opportunity in African payments & cash is still king
12/ Video of the week

• @Asemota drops gems on @stevoncook's podcast/videocast
13/ Tweets of the week [1/5]

• Andrew Mori sheds light on developer pay in Nigeria (at @DeimosCloud) in this thread https://twitter.com/marsInternet/status/1288430179958902784
14/ Tweets of the week [2/5]

• Scott Hanford summarizes the process of creating a go-to-market strategy in this thread https://twitter.com/hanfordscott/status/1288849801119805441
15/ Tweets of the week [3/5]

• Emeka Ajene details the four Ansoff strategies in this thread https://twitter.com/eajene/status/1288919165663940616
16/ Tweets of the week [4/5]

• Mario Gabriele offers the ballad of a young Jeff Bezos in this thread https://twitter.com/mario_gabriele_/status/1288889939401363456
17/ Tweets of the week [5/5]

• Dan Rose shares 10 lessons learned from working with Jeff Bezos in this thread: https://twitter.com/drose_999/status/1287944667414196225
18/ Strategy for Entrepreneurs

• I've started outlining — exciting times :)

• If you have favorite startup/business frameworks, DM me

• Show your support and place a discounted pre-order for these upcoming entrepreneurial strategy books http://strategyforentrepreneurs.com/ 
Strategy for Entrepreneurs | Pre-order these upcoming strategy titles

Pre-order these business strategy titles and save.

http://strategyforentrepreneurs.com/
19/ That's the Twitter recap for Week 31

If you liked this:

• Subscribe to http://afridigest.substack.com  and

• Go back & RT the 1st tweet of this thread to let me know I should keep doing more like it — thanks👇 https://twitter.com/eajene/status/1290370885300486147
You can follow @eajene.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
There are a lot of misconceptions about the Turkish diaspora in Germany. Since i just finished writing an essay about this topic I thought it's time to give other people
Read more
Las mejores calculadoras online en 2020A thread http://totumat.com/2020/11/26/las-mejores-calculadoras-online-en-2020/ Cuando se estudian asignaturas que requieren de cálculos complicados, nada mejor que contar con una buena calculadora.
Read more
Mitigating #ClimateChange is as much about taking up new techs as about leaving others behindMost studies focus on #coal's global downfall but another #energy tech decline is loomingRead my new
Read more