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Toro Orero walks away from his CEO role at Nigeria’s Zone Tech Park

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Toro Orero quietly walked away as CEO of Zone Tech Park, a new venture builder for start-ups in Nigeria which was officially opened for business in Lagos last month to turn great ideas into products and services quickly, efficiently – and profitably.

Orero tweeted,”FYI: Last week I stepped down as CEO of ZoneTechPark. On SpeedUPAfrica acquisition I joined the Board of Directors and became CEO-but it became clearer as I worked there that I and the Board were fundamentally misaligned on the direction of the company. Yeah I know this happened fast (spending 2.5 months there…) but this decision although unfortunate was necessary. I had to stay true to myself and my beliefs. I’ll continue with the cool stuff we’re doing at DDF plus more time to focus on a new (stealth) startup I have been working on.”

Orero is the Managing Partner, DDF – a Silicon Valley Venture Capital fund (backed by Tim Draper, Founder, DFJ) investing in Africa’s most promising early stage technology startups such as SweepSouth, Paystack, Tizeti, Spreebie, VugaPay, Swiftly, TuseApp, Zagace, SliideAirtime and Startup Studio.

Read also: Huawei overtakes Apple as second biggest smartphone seller

Though nothing has been said about Orero’s departure and or his replacement, Zone Tech Park is still open for startups and entrepreneurs to give them access to the tech hub’s multitude of services and advisers, a network of more than 400 corporations, market for their products as well as helping them to scale faster and raise more funding for growth.

Prior to its official launch, Zone Tech ran a small pilot program and has built Peerless, a learning management system that already has 10,000+ users and revenues of 100,000 USD and Outwork, a staff on-demand solution with 7,000+ users.

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Zambian Tech authority orders Airtel to compensate subscribers over poor services

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The Zambia Information and Communications Technology Authority (ZICTA) has ordered Airtel Networks Zambia PLC to commence the process of paying compensations to all its subscribers over poor and inefficient services.

According to local media reports, the mobile telecommunications giant has been experiencing network and service outages in most parts of the country which has led customers complaining about the poor services.

The agency, which has the mandate of overseeing the telecommunications industry in the country, gave the directives in a statement in Lusaka on Fruday through its Corporate Affairs Manager, Hanford Chaaba.

Chaaba said the payment of compensation to affected subscribers was in line with the approved compensation policy within five days from December 8.

“The Authority has also directed the network provider to, using all available platforms, immediately engage the public regarding the recent network outages and provide assurance of their resolution,” Chaaba said.

He added that the network provider had been further directed to urgently put in place measures that would ensure that such outages were averted, promising that the agency would increase its monitoring of the network.

In the statement, Chaaba encouraged members of the public to continue reporting any issues related to unavailability and quality of network or service.

He also urged Airtel to submit a longterm plan on how to improve it network resilience to the authorities.

“The Authority will actively monitor network performances of all services providers to ensure that the Quality of Service (QoS) guidelines are strictly adhered to,” Chaaba said.

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Egyptian online auto parts startup Mtor raises $2.8m funding

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Egyptian online auto parts startup, Mtor, has announced raising $2.8 million in pre-seed funding to enable it expand its product portfolio to digitise local car workshops in the country.

Co-founder and CEO of the startup, Mohamed Maged, who made the announcement, explained that with the funds which were secured from Algebra Ventures with participation from the Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital Management, and a number of local and global angel investors, the firm was set to expand its offering.

“With the new funds, we aim to become the most trusted partner for our mechanics by empowering them to better cater to the car owner’s needs in terms of quality parts and fast service,” Maged said.

“It can be a car owner’s nightmare to get their car serviced. Mtor was founded to fundamentally transform this reality and make the process easier and more efficient, empowering a layer of local car workshops that are well rounded with quality parts, a suitable price position, and a good customer experience.

“The local automotive aftermarket is inefficient with a fragmented and scattered supply chain. Workshops and mechanics face many challenges, including limited product availability, inaccurate fitment data, and a lack of price transparency.

“These issues inevitably trickle down to car owners, who are also faced with limited-service quality guarantees and a complex, time-consuming spare parts procurement process.

Mtor aims to overhaul this system through its controlled, tech-enabled marketplace, backed by its proprietary Mtor Mechanic app, where pricing, availability, and fitment data are reliably just a click away,” the CEO stated.

He added that the funds raised would be used to further grow Mtor’s product suite, digitise local car workshops, and eliminate major inefficiencies in the automotive spare parts supply chain in Egypt and the region.

Founded in 2022 by Maged, Moaz El-Megharbel, Mohamed Altaf, and Khaled Kandil, Mtor provides a unified platform for local car workshops and on-demand automotive spare parts at reasonable prices.

It has delivered over 70,000 orders, partnering with over 2,500 car workshops in the greater Cairo area, according to the company’s profile on its website.

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