The Daily Brief: Kwese-iflix Now has over a million active customers, and more

Here are the top five stories of what has happened across the continent

1. Regulators in Africa Adopt ‘Wait & See’ Approach with Cryptocurrencies – Ecobank Report

The report indicates that while most Sub-Saharan countries including Kenya are taking a contentious stance while monitoring the situation continuously, countries such as South Africa and Swaziland have taken a permissive and favorable stance. On the other hand, countries like Rwanda, Ghana, Zambia, and Cameroon have shown an indication of researching cryptocurrencies but have warned its citizens of the risks while countries like Burundi, Niger, Chad, and Sierra Leone have not made any public stance for or against cryptocurrencies. Full story on Kenyan Wall Street.

2. Kenya’s M-KOPA launches SOLAPESA to advance cash to its off-grid customers

M-KOPA, Kenyan-based pay-as-you-go off-grid solar lender has launched a new cash loan product, SOLAPESA. This allows its customers to receive loans by either sending an SMS to 22624 or visiting an M-KOPA service center for details. Full story on TechMoran.

3. co-founder plans to relocate to US following Pam Golding deal

Cape Town entrepreneur Shaun Minnie won’t say how much he sold his property marketplace to Pam Golding for but has revealed that he will relocate to the US. He did not detail whether the move was for personal or business reasons. Full story on Ventureburn.

4. MTN is considering selling off its 40% stake in Jumia

South African telecom group, MTN is said to be considering selling off its stake in Africa’s online retailer, Jumia, according to reports by Bloomberg. The sale could either be through listing on Nasdaq/NYSE or getting a new private investor to buy the telecom's stake. Apparently, Rocket Internet is also up for it. Full story on Digest Africa.

5. Kwese-iflix Now Has Over A Million Active Customers Just Less Than 4 Months After Its Introduction

Barely 4 months since its introduction, Kwese-iflix is now one of the largest television platforms in Zimbabwe with over 1.2 Million active account holders according to Econet Wireless CEO Douglas Mboweni. Full story on TechZim.

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