- There's important information regarding appeals, grant application updates, and changing your bank details for the SASSA SRD 2023. Read more here now:
- Despite the clear importance of technology to the agriculture sector, the sector is struggling to incorporate new technologies along its value chain. Numerous agritech startups in South Africa are building unique solutions to accelerate the adoption of such technologies to boost the sector.
- Assuming that global values apply to start-ups on the continent is a fallacy. In reality, valuations in African countries differ significantly, challenging the preconceived notions of Western investors.
- mPharma, the Ghanaian startup that manages prescription drug inventory for pharmacies and their suppliers, has laid off some members of its workforce. About 150 employees—40 in Nigeria—were affected by the layoffs
- According to the African Development Bank (AfDB), cross-border banking has emerged as a critical feature within Africa’s financial landscape. It not only facilitates transactions across regions for individuals but also plays a pivotal role in expanding markets and nurturing innovation for…
- The X-Pitchathon kicks off with $50,000 worth of prizes for the winning startup or business. Do you have a startup or business worth the investment? Take a shot by applying now:
- When Jesse Ghansah cofounded Float in, the problem his startup wanted to solve was clear. But three years later, the company has dug itself into a hole with over $6 million in unpaid deposits to startups.
- Moniepoint wants to replicate its success in agency banking in consumer banking. It is betting that its distribution strategy, with a network of offline agents, will attract customers into its fold.
- With the transition to a paperless approach, communication in the Edo State civil service is expected to become faster, reducing administrative burden, and enabling quicker decision-making.
- , Tingo Group said it then relied on the second investigation by its outside counsel “and further investigative work of its own,” to declare itself innocent of all the Hindenburg allegations.
- Zimbabwe’s communications regulator, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), has issued a warning against the unlicensed use of Starlink.
- A law seeking to tax crypto exchanges is met with opposition from Kenya’s Blockchain Association. The Blockchain Association of Kenya (BAK) wants to block the implementation of the Digital Asset Tax (DAT) introduced a few months ago as part of the Finance Act 2023. The case will be mentioned in…
- Anonymous Sudan is claiming responsibility for taking X offline in more than a dozen countries on Tuesday morning. The hackers said that they hacked X to pressure Elon Musk into launching Starlink in Sudan.
- Piggyvest has paid out over ₦1.1 trillion ($1.42 billion) to its customers since its inception in 2016. Its co-founder and CMO, Josh Chibueze, talked to TechCabal about how they did it and the challenges they faced.
- In an environment where its contemporaries reported losses owing to currency devaluation, Airtel Malawi is an outlier. The telco reported a profit of K18.9 billion ($17.67m) for June 2023, an increase by 133% from what it reported a year ago.
- Across the board, a fundamental challenge of startups is always money and funding. Fundraising seems to be a struggle and it tends to be an aspect of two related things: how startups tell their stories and understanding the lingua franca of investors.
- UNISA provides a clear process to keep applicants informed about the progress of their applications. Here are the steps to track your UNISA application status online in SA.
- With SA Home Affairs booking, you can easily process your Smart ID, passports, and so on. Here's a step-by-step guide to securing your Home Affairs booking online.
- Are you trying to apply for your Smart ID cards conveniently in SA? We outline the steps to go about the Smart ID online application in South Africa.
- Gabon is borrowing inspiration from Niger. Soldiers in the Central African country, on Wednesday, declared that they had seized control of the country, and put President Ali Bongo under house arrest.
- The Congo Business Summit is more than an event; it is about changing the narrative, driving growth, and ensuring that the Congolese entrepreneurial spirit is not only recognised, but celebrated and supported locally and internationally.
- MultiChoice disclosed that naira devaluation in Nigeria and the expansion cost had caused a $108 million write-down in its KingMakers investment. Multichoice’s $318 million stake in the betting company is now worth $248m
- After a $2.5 million seed raise and an expansion into Cote d’Ivoire, Chargel, a Senegalese logistics startup that connects truck drivers with shippers, wants to change how goods move through Francophone Africa.
- On Tuesday, the All Share Index (ASI) of the Nigerian Stock Exchange hit a 15-year high. While other investors may be looking to get in on this run, experts have warned against getting their fingers burnt.
- The $20 million fund—backed by LPs in New York and undisclosed high-net-worth individuals in Los Angeles—will be focusing on startups in Tanzania, Zambia, Morocco, and Uganda.
- Pan-African micro finance bank Letshego has stated that the devaluations of the Nigerian naira and the Ghanaian cedi caused a 7% decline in the company’s profit before tax in H1 2023. Letshego said this equated to P14 million (~$1.04 million) in foreign exchange losses compared to a P23 million (~$…
- Visa is rolling out tap-to-pay in Kenya. This will be the second tap-to-pay service launch in Kenya after Safaricom launched its M-PESA 1Tap in 2021.
More in #TCDaily.
- TechCrunch Disrupt Startup Battlefield 200 is one of the world’s most prestigious early-stage pitch competitions, with previous participants including Dropbox, Yammer, Tripit, and Redbeacon.
- Patricia has shared its plan to repay the $2 million in customer funds lost in a hack. It was easy to spot one key detail: customers will only get their money back if Patricia is profitable.
- Keynote speech delivered by Oswald Osaretin Guobadia, managing partner DigitA, at the 2023 Lagos Business School Tech Founders Summit. This subject is deeply rooted in the problem we must solve. The digital age has brought unprecedented opportunities, but it has also revealed a stark reality: the…
- “We got the name approval from CBK for our remittance business, it is a great start and a show of good faith towards getting a money remittance license from the Central Bank of Kenya (CBK)," Flutterwave said in an email to Techcabal.
- Ethiopia has the opportunity to become a digital economic powerhouse. This is not a new discovery. What will be new is how soon this age-old potential will become kinetic.
- Two African countries—Egypt and Ethiopia—have been invited to join BRICS, the world economic bloc that includes Brazil, Russia, India, China and South Africa. The announcement was made at the 15th Annual BRICS Summit last week.
More in #TCDaily.
- There are a lot of players in the industry and no clear guidelines on how to enter or operate properly. Anyone can start a logistics business as all it takes is to buy a bike, open an Instagram page and set prices.
