- Businesses are now more open to collaborating with us,” a representative from Quidax, Nigeria’s first licensed cryptocurrency exchange, remarked at a stablecoins event in December 2024. Her statement reflects the situation in Nigeria, where blockchain-based products have faced business skepticism…
- Starlink, the satellite internet provider, has notified its Nigerian users of an upcoming price increase for monthly subscriptions, effective January 27, 2025. New customers will be charged the updated rates immediately, while current subscribers will encounter the adjustments in their next billing…
- The African Development Bank Group has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund. This initiative aims to expand access to reliable electricity, modern transportation infrastructure, and energy-efficient technologies in Nigeria and…
- PBR Life Sciences, a healthcare data analytics company backed by Techstars, has secured $1 million in pre-seed funding. The company plans to allocate a portion of the funds to enhance its AI infrastructure and broaden its operations into Ghana and Kenya. The funding round included participation…
- A recent survey conducted by the African Business Angel Network (ABAN) has revealed that 77% of angel investors in Africa have allocated less than $25,000 to startups between 2022 and 2024. This trend underscores a cautious and risk-averse mindset among investors within the continent’s startup…
- Mafab Communications, a Nigerian telecommunications company that acquired a 5G license in 2021, is set to begin operations by the end of the first quarter of 2025. According to Adebayo Onigbanjo, the company’s Chief Operating Officer, who shared this update with TechCabal, this launch will mark the…
- The last two years have been challenging for African startups. With macroeconomic hurdles discouraging investors from pouring significant capital into the innovation ecosystem, more startups are rethinking and restructuring their operations to adapt to these shifting circumstances. Despite this, a…
- Safaricom Telecommunications Ethiopia P.L.C., the second telecom provider in Ethiopia, has officially launched its 4G network services in Gambella and the surrounding areas. The launch event was graced by the presence of Gambella Region Chief Administrator, Ms. Alemitu Umod, who highlighted the…
- Word on the street is that Nigeria’s National Bureau of Statistics (NBS) has fallen victim to a cyberattack, as announced on Wednesday, December 18, 2024. The news broke after the Bureau took to X to reveal the incident. This breach has significantly disrupted the NBS’s operations, sparking…
- Kenya is witnessing a heated dispute as Genghis Capital, an investment bank, accuses Safaricom of “business fraud” over the launch of Ziidi, the telco’s newly introduced money market fund. Ziidi, which made its debut in November 2024, has ignited a significant fallout between the two firms. Here’s…
- After a four-year hiatus, Facebook, now rebranded as Meta, appears to be on the verge of making a return to Uganda. Discussions are underway between the government and the platform to lift the ban that has been in place since 2021. The ban was originally imposed when the Ugandan government accused…
- Mecho Autotech, a Nigerian startup specializing in automotive spare parts, vehicle repairs, and maintenance services, has laid off an unspecified number of full-time employees from its 40-person workforce. The company attributed the decision to Nigeria’s tough macroeconomic environment and the…
- Malaysia has unveiled plans requiring social media and messaging platforms to obtain operating licenses by 2025. The Malaysian Communications and Multimedia Commission (MCMC) targets eight major platforms serving over eight million Malaysian users each. These platforms include Meta’s WhatsApp,…
- A comprehensive analysis from the African Business Angel Network (ABAN) reveals distinct patterns in early-stage startup funding across the continent. Through collaboration with Briter analytics platform, ABAN surveyed 110 angel investors, uncovering that 77% invested less than $25,000 in African…
- Nigeria’s National Bureau of Statistics (NBS) confirmed a significant cyber attack on its systems.The bureau, responsible for managing critical national data, disclosed the incident through their social media platform X, promptly advising the public to disregard any information from their platforms…
- Bamboo, the Nigerian investment application, secured a United States broker-dealer license through its affiliate organization, Bamboo Securities L.L.C. This landmark development positions Bamboo as the first Nigerian financial technology company to obtain this prestigious certification. The license…
- Raxio Group has reached a significant milestone in African digital infrastructure development as its data centres in Mozambique and Ethiopia receive the Uptime Institute Tier III Certification of Constructed Facility (TCCF). The certification validates these facilities’ adherence to international…
- For many, one of the only ways to work is to have a business. The solution to abide by these desires is to have a startup. That is always a challenging task. You need an idea, a lot of work, and some luck. Also, you need to be in touch with all the latest trends […]
The post Latest Trends for Tech…
- MTN South Africa has unveiled a state-of-the-art Digital Experience Centre in Johannesburg’s Morningside district. The facility represents a significant advancement in technology retail, offering visitors comprehensive access to cutting-edge digital innovations and interactive experiences. The…
- Kenya has taken a significant step in strengthening regional internet infrastructure through a partnership between the Kenya Internet Exchange Point and iXAfrica Data Centers. The collaboration establishes a new peering Point of Presence at iXAfrica’s NBOX1 facility, East and Central Africa’s only…
- Nigeria’s startup ecosystem three tech entrepreneurs shift their focus from logistics to revolutionizing small business operations. The founders of Flashbike, initially a last-mile delivery service, have channeled their experience into creating 1Vault, a comprehensive digital platform serving…
- Terrahaptix, an African drone manufacturing company, has established a significant presence in South Africa’s mining sector through an exclusive distribution agreement with DiggingDeep. The partnership aims to supply specialized drones to mining operations across South Africa, marking the company’s…
- UNILAG Launches Nigeria’s First Electric Buses and New Official Logo On Monday, the University of Lagos launched eight electric buses, marking Nigeria’s inaugural deployment of such vehicles. The buses were introduced at UNILAG’s annual media event, which also featured the unveiling of the…
- Sylndr, an Egyptian online marketplace focusing on pre-owned vehicles, has secured a working capital facility of EGP370 million (US$7.45 million), marking Egypt’s inaugural asset-backed financing deal. The working capital facility was structured by the investment banking division of EFG Hermes,…
- The United States government, through the U.S. Agency for International Development (USAID), has announced a new strategic partnership with Ascend Studios, a creative-industry organization dedicated to providing capacity building, mentorship, and social, educational, and economic empowerment to…
- HUB2, a financial technology company targeting French-speaking regions, has secured EUR8 million (US$8.4 million) in its Series A funding to fuel its regional expansion. The company has created a seamless, secure platform that integrates both domestic and international financial services,…
- Tyme Group, a South African digital lending firm, has raised $250 million in a Series D round, elevating its valuation to $1.5 billion. This achievement marks Tyme as Africa’s ninth unicorn, joining Nigeria’s Moniepoint, which reached a billion-dollar valuation just two months earlier. The company…
- OpenAI has introduced a new subscription plan for its AI-powered chatbot platform, ChatGPT. In a bid to expand the commercial applications of its AI technology, OpenAI has launched a $200/month subscription for ChatGPT, its AI-driven chatbot platform. This offering is specifically tailored for…
- Nowlun, an Egyptian logistics company, has raised $1.7 million in seed funding to accelerate its expansion plans and enhance platform development. The seed funding round was led by Nama Ventures and A15, with participation from prominent angel investors and Sanabil 500 Global. Founded in 2021 by…
- Paratus Botswana is pioneering a groundbreaking digital infrastructure project that promises to reshape connectivity across Southern Africa. The SADC Highway, a new fiber route, will create a critical digital pathway linking Gaborone, Livingstone, and key regions in Zimbabwe. The ambitious project…
- The digital landscape of West Africa is set to undergo a significant transformation with the strategic expansion of TelCables Nigeria, a subsidiary of Angola Cables. The company’s latest initiative involves establishing a new point of presence (PoP) at the Lagos Rack Centre facility, marking a…
- UK-based e-mobility startup OX Delivers has secured a landmark $163 million agreement to revolutionize transportation infrastructure across East Africa. The strategic investment marks a significant milestone in the company’s global expansion efforts. The comprehensive partnership will establish OX…
- Schneider Electric has joined forces with ImeXolutions to introduce the Altivar™ Process Modular drives, a groundbreaking solution for industrial power management. These intelligent low voltage process drives represent a significant advancement in industrial technology, catering to power…
- The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has entered into a partnership with Rolling Energy to facilitate the conversion of 100,000 vehicles to Compressed Natural Gas (CNG) within 18 months. This initiative is designed to help small and medium enterprises (SMEs)…
- MTN is preparing to acquire a banking license once the South African Reserve Bank (SARB) allows fintechs and other non-banking entities access to its national payments system, according to a report by Business Times. Currently, South Africa’s second-largest mobile network operator provides limited…
- President William Ruto has unveiled plans to introduce taxation for Kenyan content creators, particularly those benefiting from monetization opportunities introduced earlier this year. Speaking during the KEPSA 20th Anniversary in Nairobi, Ruto underscored the importance of equitable taxation,…
- Tizeti, a Y Combinator-backed internet service provider operating in Nigeria, Togo, and Ivory Coast, is set to list on the Nigerian Exchange (NGX), two years after first revealing its plans to go public. The company’s Initial Public Offering (IPO) will enable Tizeti to raise capital from a broader…
- The African Development Bank’s Board of Directors has approved a $30 million equity investment in the Africa Finance Corporation (AFC) to support climate action projects across the African continent. According to a statement from the parties involved, the funds will be directed toward the…
- The Director General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii, has raised concerns over the underutilization of a N615 million fund earmarked for small business owners. He also highlighted other overlooked benefits, such as a 20% logistics discount…
- Eyone, a Senegal-based digital health startup, has successfully raised $1 million in funding to scale its operations across West Africa. The funding round was spearheaded by Sonatel, a prominent telecommunications company in the region, through its investment arm, Véhicule d’Investissement et de…
- Every climate-focused venture capital firm operates on the belief that “if climate change doesn’t get us, our lack of innovation will.” Africa remains the most vulnerable continent to climate change, facing challenges such as heatwaves, heavy rains, floods, tropical cyclones, and prolonged droughts…
- South Africa’s Film and Publication Board (FPB) has formally challenged Apple, issuing a compliance notice over its alleged failure to pay required fees and register as a content distributor. During a recent Parliamentary Portfolio Committee on Communications meeting, Acting FPB CEO Makhosazana…
- Moove, a Nigerian-born fintech startup, has announced a groundbreaking partnership with Waymo, Alphabet’s self-driving vehicle division, to manage fleets of autonomous vehicles in Phoenix, Arizona, and Miami, Florida. This collaboration showcases Moove’s innovative revenue-based vehicle financing…
- FNB Connect, the mobile network division of South Africa’s First National Bank (FNB), is making strides in the telecom industry. Here’s what’s happening: Currently, FNB Connect provides a basic fixed-wireless home internet service. However, CEO Sashin Sookroo has revealed plans to expand into…
- Microsoft has unveiled a new initiative aimed at fostering collaboration between startups and business executives, while simultaneously driving the advancement of artificial intelligence (AI) through its Africa Transformation Office (ATO). This project also marks the commencement of Microsoft’s…
- African tech startups are on track to secure over $6 billion in funding by 2025, propelling transformative growth across vital sectors. With the continent’s digital economy projected to reach $180 billion soon, Africa’s startup ecosystem is emerging as a global tech powerhouse, fueled by record-…
- The Blockchain Africa Conference 2024 took place on November 20 at the CSIR International Convention Centre in Tshwane, South Africa. Celebrating its 10th edition, the conference has become a flagship event for blockchain enthusiasts and professionals, drawing participants from across the globe.…
- Access Bank is pioneering a transformative payment infrastructure designed to revolutionize money transfers across the African continent. The new payment rail, dubbed Access Africa, aims to create unprecedented financial connectivity for individuals and businesses operating across multiple African…
- Mobile Money Rwanda Limited (MoMo Rwanda) has unveiled a groundbreaking virtual payment solution in collaboration with Mastercard and I&M Bank. The Virtual Card by MoMo marks a significant stride in digital financial services, enabling customers to engage in secure global e-commerce…
- MTN South Africa is pioneering an innovative approach to technological waste management by introducing biodegradable SIM cards. The telecommunications giant addresses a critical environmental challenge posed by traditional plastic SIM cards that typically accumulate in landfills. Annually,…
