- According to data by Deloitte, 51% of surveyed SMEs indicated they had encountered strong interest from customers in making payments with a card, showing the potential of a solution like WigWag in facilitating such payments.
- The Biashara loan is a key component of the larger Hustler Fund Personal Loan Product. Here we outline the divisions of the Hustler Fund loan and how to go about your application.
- “If you're going to hire one person to do three people's jobs, I think you should pay three people's salary.” In this edition of #EnteringTech, marketing talents talk about the dangers of wearing multiple hats. Marketing is more than "just posting" on Twitter.
- Herbert Wigwe, Group CEO, Access Corporation, described “Vantage” as “the most important book so far written on the burgeoning tech space in Nigeria.”
- Sendy, the end-to-end fulfillment platform, which shut down operations last month and is now seeking a buyer, was reportedly burning up to $1 million monthly at the height of its operations, a source familiar with the matter told TechCabal. Despite raising $20 million in January 2020 in a funding…
- Through a project dubbed “Tekeleza”, LUCY improves access to medical information and care for women in the area through an evidence-based digital solution.
- Legislators and electric vehicle (EV) manufacturers often do not disclose their motivations for promoting the climate change agenda in a continent that could face additional environmental problems should EVs be adopted at scale.
- Despite the discouraging VC funding scene, the five-year-old company is very optimistic about its future at crowdfunds $1.2 million in exchange for equity at a valuation of $30,000,000.
- Qore, a renewable energy mobility company, backed by Sterling bank, wants to reduce emissions by converting light electric vehicles—motorcycles, tricycles and mini buses—to electric vehicles. These light EVs can go up to 60 km on a single charge.
- Payments company Interswitch has launched support for Google Pay on its payment gateway—the Interswitch Payment Gateway (IPG). Merchants and users in Nigeria can now add their debit and credit card details to the Google Wallet app to make online payments.
- Unity Bank recorded losses of ₦38.8 billion during the first half of 2023, down from a profit of ₦1.6 million in H1 2022. A large part of those losses— ₦35.4 billion–were due to foreign exchange revaluation, according to its H1 2023 financials.
- Flutterwave has launched Swap, a new product that will digitise the process of getting foreign exchange for Nigerians with the backing of the CBN. The fintech is leveraging a partnership with Wema Bank, a commercial bank, and Kadavra BDC, a bureau de change (BDC)
- Remember that meeting President Ruto had with TikTok? The Kenyan Film Classification Board also attended, and they urged TikTok to disable the live feature to stop creators from making explicit sexual content at night.
- Kenyan BNPL company LipaLater is crowdfunding $1.2 million at a $30,000,000 valuation months after buying ecommerce startup SKY.Garden, which was going to shut down due to a failed funding round.
- If you invested ₦1 million into Computer Warehouse Group (CWG) in January, your stake would be worth ₦5 million today. The share prices of three publicly-listed Nigerian tech companies — Chams, eTranzact and CWG — are up over 169% this year.
- As technology continues to reshape various industries, AI stands out as a powerful tool in healthcare, offering promising solutions to address long-standing healthcare challenges and improve patient outcomes.
- Flutterwave, Africa’s most valued startup, has expanded into India to offer its remittance product after partnering with IndusInd, the 6th largest bank in India by assets.
- "Northern Nigeria holds two-thirds of the country’s population so there’s a lot of potential for talent and also as the target market. There are challenges but the only way to overcome them is to build through."
- Prior to joining Google, Okosi was managing director, Emerging Markets (EMEA), at YouTube where he led the successful roll-out of the YouTube Shorts feature and the YouTube Kids app in the EMEA markets.
- MTN said ATC was “selected as the preferred tower company for those sites based on its superior bid submission” after a review of the bids received for the tower contract.
- While Netflix is nearly doubling its subscriber base, Showmax will be more than tripling from a low-base, indicating a faster growth, driven by rich local content and sports rights, as well as the introduction of NBCUniversal, Sony Pictures and HBO content.
- "Twitter is now my full-time job,” Oris told TechCabal. In the five years since his tweet first went viral, Oris has worked with Coca-Cola, Guinness and even Tiwa Savage; he also has 69,000 followers, a significant improvement from the 2,000 followers he had in 2018.
- Local ICT authorities lacked legal backing to manage the operations of WorldCoin. Now, the Communications Authority (CA) wants regulatory sandboxes to police new technology.
- When Amina Isa walked into her classroom to mingle with her new classmates after relocating to a new town, she found herself completely isolated. Born with a hearing impediment and unable to speak, Isa communicated using sign language.
- Kenya's trade cabinet secretary (CS) Moses Kuria, has revealed that Sama will hire 2,100 Kenyans in the next two weeks. The new hires will work in the business process outsourcing (BPO) industry, focusing on computer vision artificial intelligence (AI).
- “By the provision of Section 52 and Section 65 of the Electoral Act, INEC is at liberty to prescribe the manner in which result can be transmitted. INEC cannot be compelled to electronically transmit results,” the tribunal held in its ruling.
- On this episode of Ask An Investor, TechCabal caught up with Amina Patterson to learn more about her work as well as the state of the early-stage startup ecosystem in South Africa.
- With the VC funding crunch nearing its second year, African startups which have for the last six years enjoyed some access to venture capital, have had to adapt to a negatively charged environment.
- Mr. Ade Shonubi, the acting governor of the CBN, told reporters at an event in Lagos that the apex bank will clear the backlog of foreign exchange (FX) demands in two weeks.
- When entrepreneurs come to pitch to us, we know if they say they’ll need $5 million for the next stage of building their business, they will likely end up needing much more. And it will take them a longer time to get there.
- Habari Pay’s growth represents promising adoption of the bank's digital payments business as it looks to bolster its hold on the fintech sector. The fintech arm closed June 2023 with a cash balance of ₦3.6 billion.
- ₿trust, the non-profit company formed by Block CEO Jack Dorsey and American rapper and entertainment mogul Shawn Carter, popularly known as Jay-Z, has acquired Qala, an organisation that trains African Bitcoin and Lightning engineers.
- The partnership comes at an interesting time when Starlink, a competitor to Project Kuiper, has been experiencing regulatory pushback, particularly in southern Africa.
- "How can we better strengthen the community of fintech professionals in Africa? Anyone can connect with anyone else, but if you do not take the time and effort to build meaningful connections, it becomes much harder to operate in the industry."
- An unsubstantiated report making the rounds on closed WhatsApp and Telegram communities claims that Leatherback lost a significant sum to an entity known as SDQ Facilitators–Leatherback told TechCabal it is aware of the rumours and denied all the claims
- Lagos state launched its blue rail line, on Monday. Yet the blue line will still have to wait four weeks to be electrified while it is still in testing phase, said the Lagos Metropolitan Area Transport Authority (LAMATA). Presently, the train is pulled across electric tracks with a diesel…
