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Andela Raises $40m to Connect Africa’s Engineering Talent into Global Technology Ecosystem



Seni Sulyman of Andela with, Pule Taukobong and and Pardon Makumbe of CRE, with Andela team members

Andela, the company that builds high-performing engineering teams with Africa’s most talented software developers, has announced that the company has secured $40M in Series C funding.


The investment was led by Pan-African venture firm CRE Venture Capital with participation from DBL Partners, Amplo, Salesforce Ventures, and Africa-focused TLcom Capital.


Existing investors including Chan Zuckerberg Initiative, GV, and Spark Capital also participated. The round, which marks one of the largest investments ever led by an African venture firm into an Africa-based company, brings Andela’s total venture funding to just over $80M.


Andela was launched in 2014 to combat the global technical talent shortage by investing in Africa’s most talented software developers.


With an estimated 1.3M software jobs unfilled in 2016 in the U.S. alone, it’s clear that the growth of today’s major technology ecosystems is inhibited by a severe lack of talent.


To solve this, Andela invests in high potential pools of brainpower across the African continent to help more than 100 partner companies build distributed engineering teams.


These partners range from industry leaders like Viacom and Mastercard Labs to high-growth technology companies such as Gusto and GitHub.


With offices in Lagos, Nigeria, Nairobi, Kenya, and Kampala, Uganda, Andela has hired 500 developers to date — the top 0.7% of more than 70,000 applicants from across the continent.


Selected developers spend six months in a rigorous onboarding program before being matched with one of Andela’s partner companies as full-time engineering team members.


Beyond recruiting elite development talent, Andela is catalyzing the growth of tech ecosystems across the continent by open-sourcing its content and partnering with organizations including Google, Pluralsight and Udacity to provide resources and mentorship to developers.


“Andela is investing in our continent’s future technology leaders, who are already playing a much-needed role in solving both African and global problems,” said Seni Sulyman, Country Director of Andela Nigeria.


“With each new partnership, we are simultaneously proving to the global tech industry that brilliance is evenly distributed irrespective of gender, culture or nationality. As we unleash an entire generation of technologists, we will secure Africa’s role as an equal partner working alongside the rest of the world to advance human potential.”


Pule Taukobong, Founding Partner of CRE Venture Capital, addsed: “At present, there is more capital to fund ideas globally than there are people to build them. Andela is providing a solution to this global talent dilemma while building a business case for one of Africa’s greatest assets: our people.”


Andela will use the capital to fuel its aggressive expansion plans: The company aims to launch offices in two additional African countries over the next year, doubling its developer base from 500 to 1,000.


Alongside this round, Pule Taukobong of CRE, Julia Gillard, former Australian Prime Minister and Amplo Board Partner, and Omobola Johnson, Senior Partner at TLcom and former Minister of Communication Technology in Nigeria, will be joining Andela’s board.

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Vodacom Trains the Next Generation on Internet of Things



L-R: Olumide Idowu, Senior Manager, Customer Support Operation Centre, Vodacom; Iwalehin Oluwakemi and Azubile Godwin both Teachers from SS. Peter and Paul Nursery and Primary School; Abu Etu, Senior Manager: Product Portfolio, Vodacom Business Nigeria with pupils from SS. Peter and Paul Nursery and Primary School, Ikate Elegushi, Lekki Lagos during a one day Information and Communication Technology Field Trip to Vodacom Facility in Lagos recently..

In order to further technological development in the education sector and among the next generation, Vodacom Business Nigeria has organised a robotics training session for thirty-six young students from the S.S. Peter & Paul Nursery and Primary School.

Loving Gaze, an independent non-profit organisation that serves the underprivileged communities in Lagos State, runs the school.

The young students, aged between 8 and 10, through a practical course on robotics, were given the opportunity to learn about the integration of the Internet of things (IoT) in robotics and its growing relevance in various areas of modern life.

The students were taught how to build, program and control robots, drones and other artificial intelligence.

This demonstrated the essential nature of technology in various aspects of everyday life, including securing lives and property. As a practical demonstration of this, students were shown how drones could be used for a wide range of services in today’s world.

This includes the delivery of medication and lifesaving supplies to remote locations in emergency situations, which is already happening in some locations around the world.

They were also given a tour of the company’s facilities, exposing them to the importance of connectivity and telecommunications technology in today’s digital world.

Abu Etu, Senior Manager: Product Portfolio, Vodacom Business Nigeria said, “ As part of our commitment to empower the next generation in Nigeria through ICT, Vodacom believes that it is important to promote training for students at the primary level of education.

This will prepare them from the early stages of their lives for the post – digital age which will demand technical knowledge and skills”.

The General Manager of Loving Gaze, Barbara Pepoli, said; “We are excited that our students had the opportunity to learn new things beyond the walls of the classroom.

Getting children interested in technology has been very important for our school and this field trip is a great way to make technology come to life for our students”.

Vodacom Business Nigeria constantly uses industrial tours and field trips to educate students from primary, secondary and tertiary schools on new telecommunications technologies that are driving the economy.

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Opeke Highlights Data Centre Hosting, Cloud investment @ TMT Finance Africa



Funke Opeke, Chief Executive Officer of MainOne, has highlighted the opportunity for increased investment in shared fiber network infrastructure and data center and cloud computing infrastructure in Africa. This, she said was key to further unlocking the gains in the digital transformation of the continent.

She spoke at the 2018 TMT Finance Africa Conference, a forum driving investment for telecoms, media and technology sector across Africa, held in Cape Town, South Africa last week.

Ms. Opeke joined panelists from DLA Piper, Teraco, PAIX and Rack Center to discuss the need for continued investment and growth within the telecom sector and data center market in order to realize the vision for increased ICT adoption in Africa.

She highlighted that MainOne, through its subsidiary, MDXi Data Centre has recently invested an additional N12billion in its Lekki data centre in order to grow its capacity from 300 to 600 racks as the leading data centre in West Africa.

She stated that this investment is a part of MainOne’s plan to invest additional $300 million to enhance communication infrastructure across West Africa over ten years.

“MainOne intends to remain at the forefront of the broadband initiative in West Africa with investments in fiber infrastructure and data centres across the region to advance broadband activities.

In 8 years, we have established a reputation as the preferred provider of connectivity and data center services to West African businesses and have facilitated global content providers seeking direct access to subscribers on the sub-continent.

The company has continued to extend its network reach and is currently providing services in eight West African countries including Nigeria and Ghana,” she added.

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After Konga, Owners Mull Sale of Jumia



There are plans to sell Africa’s leading e-commerce firm, Jumia, owned by Rocket Internet, a German start-up investor.


The move is coming as Zinox Group, an integrated Information Communication Technology (ICT) solutions conglomerate and Original Equipment Manufacturer (OEM), recently acquired Konga, e-commerce giant.


Reports,  yesterday, suggested that Rocket Internet, is also considering listing Jumia either in Frankfurt or London stock exchange.


This is expected to take place this or next year, but according to Reuters, Rocket Internet is expected to “shortly mandate banks for an initial public offering of Jumia.”


Rocket Internet helped set up Jumia in 2012, but the firm has been operating with loss for years despite conquering the market space.


But the owners are seeking a way out from the consumer electronics and fashion retailer, in line with its strategy of selling or listing established internet firms.


Reuters said Berenberg, which has a track record of working with Rocket on capital market transactions, is seen to be in a good position to win a mandate, the people said.


A listing of shares, in a volume of under €200 million ($245.7 million) is expected to be floated, but no information on Jumia’s valuation was immediately available.

Last year, Rocket Internet floated online food groups, Delivery Hero and HelloFresh, while the investor is currently also preparing a flotation of its online furniture retailer Home24.


1.2 billion consumers and 15 million small and medium-sized firms. It also features services such as an online hotel booking and a food delivery platform.


Jumia said in January that it had 1 billion visits on its pages across Africa in 2017. It has 50,000 merchants in its ecosystem, where five million products, hotels, restaurants and other services are listed.


According to a presentation from Rocket Internet, Jumia saw its adjusted loss before interest, tax, depreciation and amortization widen to €80.7 million in the first nine months of 2017. Revenues edged up to €57.3 million.

Only recently, Zinox Group acquired Konga in a move that is expected to raise the profile of e-commerce in Nigeria.


The acquisition has been viewed by industry watchers as a major development that could see e-commerce in Nigeria finally unlock the massive revenue potential in the global multi-billion-dollar industry.




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