- In Africa where physical infrastructure challenges hinder traditional retail, e-commerce has emerged as a powerful driver of economic development. Online marketplaces, from global giants to local startups, are expanding rapidly to cater to diverse consumer needs. According to a report by the United…
- After success in funding Gangs of Lagos and Brotherhood, Capital Films launches a ₦500 million fund
https://techcabal.com/?p=122209
By Muktar Oladunmade
- Patricia customers will receive first batch of repayments in November as the company names DLM Trust as escrow trustee
Link: techcabal.com/2023/10/24/patricia-repayment/
By Ganiu Oloruntade
- African streaming platform IROKOtv has denied all shutdown rumours. CEO Jason Njoku revealed that the platform's downtime is due to an ongoing migration that will see IROKOtv made accessible on smart TVs.
Click to read more in #TCDaily.
- "Dubai's 42-year-old GITEX is globally renowned. Earlier this year the first overseas version debuted in Morocco, and an even bigger return is planned for May 2024. But to have a stake in Africa’s technology ecosystem and a potential $180 billion digital economy) the UAE will need to do more than…
- EXCLUSIVE: IROKOtv doubles down on dollar-paying users as it denies reports of a shutdown.
techcabal.com/2023/10/23/exclusive-irokotv-doubles-down-on-dollar-paying-users-as-it-denies-reports-of-a-shutdown/
by Ngozi Chukwu
- Venture capitalists face an internal reckoning to rebuild the foundational theories and ways of work that made the asset class popular especially as economic winds have turned.
- Africa’s financial landscape is evolving with the advent of data and digitisation. The proliferation of smartphones and internet connectivity has led to a digital revolution across diverse sectors. For people and businesses, the convergence of finance and technology has deepened financial inclusion…
- Majorel Kenya has begun a redundancy process and will lay off 200 of its 1,200 employees after losing a content moderation contract with social media giant Meta.
techcabal.com/2023/10/20/majorel-fires-200-content-moderators/
By Kenn Abuya
- In a chat with TechCabal, Flutterwave's chief sales officer Ross Haider said that enterprise services remain the company's biggest revenue driver.
Link: techcabal.com/2023/10/20/flutterwave-revenue/
By Ganiu Oloruntade
- The World Bank has advised Kenya to relax data privacy laws that require companies to store sensitive personal data in the country. Per the institution, these laws are limiting cross-border trade.
Click to read more in #TCDaily.
- Patricia denies having physical offices, confirms offer to customers to convert debt tokens to company shares
Link: patricia-physical-offices
By Ganiu Oloruntade
- According to Kippa's CEO, the decision to shut down KippaPay was down to Naira devaluation and a market that evolved while the company was executing its thesis.
https://techcabal.com/2023/10/19/why-kippa-left-agency-banking/
- “I can run an offline trip without you knowing and it will show on your phone that the trip is still on. Most customers don't agree to do it because they feel unsafe, so I don't bother asking,” David shared.
https://techcabal.com/2023/10/19/bolt-drivers-in-abuja-ignore-security-concerns-insist-on-…
- We found some important information for applicants and anyone interested in the 3MTT program. For instance, if you’re wondering where the tutors will come from or what their registration is like, we have the answers.
techcabal.com/2023/10/19/3-million-technical-talent-portal-features-faqs-and-more…
- TechCabal can exclusively report that Kippa has laid 40 employees and exited agency banking. It may also shut down another product, Kippa Start soon.
techcabal.com/2023/10/19/exclusive-kippa-lays-off-40-employees-as-it-shelves-kippa-pay/
by Ngozi Chukwu
- Among the 200-plus speakers, presenters, and panellists will be Gwede Mantashe, minister of mineral resources and energy and Kgosientsho Ramokgopa, South Africa’s minister for electricity.
- Safaricom now fully owns M-Pesa Holding. Yesterday, the telecoms announced that it had completed the acquisition of the entire issued share capital of M-Pesa Holding Company Limited (MPHCL), the corporate trustee company for M-Pesa.
Click for more in #TCDaily.
- “In July, we were given the option to resign or be fired,” a former Vibra employee told TechCabal.
techcabal.com/2023/10/18/vibras-staff-told-to-resign-or-face-termination/
By @ngozichukwu_
- Amazon is finally setting up shop in South Africa. After a couple of days, the e-commerce giant will launch its online shopping service in South Africa in 2024.
https://techcabal.com/2023/10/18/techcabal-daily-amazon-comes-to-south-africa/
More in #TCDaily.
- SA startup Adbot partners with MTN Nigeria to launch ad services for SMEs
Link: techcabal.com/2023/10/17/adbot-nigeria-mtn-partnership/
By @EphraimModise1
- Amazon will enter SA's online retail market in 2024 amidst regulatory pushback against ecommerce leaders
techcabal.com/2023/10/17/amazon-sa-launch/
By @Ephraimmodise1
- Per Kamal Budhabhatti, Group CEO at Craft Silicon, building a sustainable logistics business can go a long way in staying in business. Kamal further mentioned that some of Sendy’s customers have since moved to Little Logistics.
- Crypto application VIBRA, co-founded by Vincent Li, founding partner of web3 accelerator Adaverse, has ceased operations in Nigeria. Sources suggest a complete shutdown across Africa, but Li insists that it only left Nigeria and is also pivoting. https://bit.ly/vibrashutsdown
- Sony Ventures is launching a $10 million fund for entertainment startups on the continent. Ticket sizes are expected to range between $250,000 to $1 million.
More in #TCDaily.
- African investors are not immune to downturn dengue. But they do have to shed the herd instinct that brought the venture capital asset class to this moment.
- Years after its attempt at a social media bill failed due to public outcry, Nigerian authorities are once again trying to enact laws that will allow them to control and censor social media which NBC DG Balarabe Ilelah has called a "monster".
More in #TCDaily.
- truQ, a logistics startup, has emerged winner of the debut TC Startup Battlefield, pitching against eight other startups at the just concluded Moonshot Conference by TechCabal.
- An interview with MTN South Africa's chief financial services officer Bradwin Roper on how MTN aims to revolutionise fintech in South Africa with MoMo 2.0.
- Culture-wise, we're not the sort of team where you come and find folks making TikToks at the office, or hugging each other and laughing with each other; not that anything is wrong with that. We run our business like it’s serious.
- Ciku Mugambi, CEO of Kobo360, a Nigerian logistics startup, admitted that operating a logistic business in Africa is not "sexy" compared to other tech sectors like fintech, for instance.
- #MoonshotbyTechCabal is a wrap! It's been two days of celebrating innovation on the continent with Africa's most audacious thinkers + doers. From the entire Big Cabal Media team, thank you for joining us!
#TCDaily has what you need to know about Moonshot 2024.
- “People often say that fintechs will overthrow traditional banks. I don’t think so. Collaboration is the way forward and will lead to exponential results. We all have a common problem, and we need to collaborate to solve these problems and create an inclusive financial future for everyone,”
- Co-founder/CEO of Indicina, Yvonne Johnson, asserts that customer education can help build trust amongst lenders and bridge the credit gap on the continent.
