- In 2018, Moses Mukundi had a life-threatening health emergency. That was his motivation to begin Eden Care Medical, a insurtech startup focused on healthcare. Eden Care Medical uses technology to simplify access to healthcare through its group life insurance and wellness plans.
- PSIRA registration plays a crucial role in ensuring the safety and professionalism of private security services in South Africa. Here is how to do a PSIRA status check with the issued ID number.
- “I've had to take classes with my laptop in the kitchen [while cooking], and most times because [I am worried about gas explosions, I have to skip classes,” said a respondent who was taking online tech skill training.
- On Thursday, August 18, 2023, Bitcoin hit a new low as it fell over 8% to rest at $26,172, its biggest one-day drop since FTX collapsed in November 2022. In spite of this, Bitcoiners still believe that real Bitcoin has largely been unaffected.
- Fawry's head of investor relations, Hassan Abdelgelil told TechCabal, “The management hasn't taken the decision as well as the board. We are thinking of it. We will conclude by the end of the year or early next year."
- Bank branch codes play a crucial role in facilitating various financial transactions, including electronic fund transfers, salary payments, and bill payments. Check your Standard Bank SA branch code here:
- Rather than source for dollars in the market, these companies can issue dollar-denominated bonds and get dollars to run their operations. The NGX believes this move could improve FX liquidity.
- For African startups that raised funds in foreign currencies, rising inflation and currency devaluation have affected how they report revenue to investors. Can raising funds in local currencies help reduce the effect?
- TikTok will open an office in Kenya, and hire more Kenyan content moderators. Yesterday, TikTok CEO Shou Zi Chew and President William Ruto met to discuss the platform's future in the country.
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- Internet archives have become the digital libraries of the modern era, allowing users to access and explore content from deleted websites. Here you'll learn how to retrieve lost content from hacked/deleted websites through select internet archives.
- There are a lot of parallels that exist for emerging market migrants now living in North America and Europe, so the company wants to be known as the remittance service devoted to migrants from the Global South working and living in the Global North.
- TikTok has agreed to set up a Kenyan office for better content moderation and African operations. Despite existing legal troubles around content moderation in Kenya, the president's statement about the meeting ignores TikTok's involvement with one of the key parties, Majorel.
- Payments platform Cellulant is laying off 20% of its 634 employees. The company cited “organisational restructuring” as the basis for the layoff. This is its second round of layoffs after cutting 30% in February.
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- IHS Towers, the world’s fifth-largest independent TowerCo, said the naira’s devaluation in June this year cost it $31 million. The company has revised the expected revenue for the year downwards but will not change how much it planned to spend.
- Cellulant is undergoing a restructuring exercise that will impact a fifth of its workforce. In a statement to TechCabal, Cellulant, which operates across 19 markets, disclosed that these changes will be implemented in the coming days
- With headline inflation at 24% and food inflation at 27%, there is a possible inclination that Nigeria's MPC would increase the interest rates above 18.75%. Per Bloomberg, the MPC has raised rates by 700 basis points since May 2022. Yet, inflation has not slowed.
- AfricArena and FMO Ventures will host a series of events to support Africa's tech ecosystem. The events will focus on fintech, energy access, and agriTech, and will provide technical assistance to help startups improve their business operations.
- Crypto gaming in Africa is struggling due to various factors, including the overall poor state of crypto gaming globally and the slow adoption of cryptocurrencies on the continent.
- With most AI innovation coming from the global north, it will be interesting to see how the BRICS study group reigns in leading AI companies like Google and Microsoft to abide by the call to make their innovations “secure, reliable, controllable, and equitable”.
- Amidst the fear and excitement of AI bringing an unavoidable change to the job market, a question that needs to be asked is: what new jobs might it create?
- Here, we'll be giving a breakdown of our top internet service providers in Lagos, Nigeria (ISP) and how they're doing based on gaming, downloading, and streaming.
- About $288 million has been disbursed from Kenya's $346 million Hustler Fund. So far, the country has recorded $70.5 million in outstanding loans, and 29% of that—about $20 million—are now non-performing loans.
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- According to Felicia Anthonio, campaign manager of #KeepItOn, an initiative by the non-profit organisation Access Now, the Zimbabwean government has a recorded history of shutting off events during important national events.
- Unresolved challenges threaten to limit Nigerian digital payments growth. Nigerian payments companies fantasize about the death of cash. It’s on everybody’s pitch. We got the first glimpse of this post-cash Nigerian universe in the first and second quarters of 2020 when Covid-19 shut down much of…
- The tech world thrives on collaboration, partnerships, and collective brainstorming, and these events are the perfect avenues to foster those connections.
- However, today, the Competition Authority of Kenya (CAK) has provided clarity by announcing that Moniepoint Inc can now acquire Kopo Kopo. The CAK oversees competition-related matters for transactions exceeding KES 1 billion ($7 million by the current exchange rate), which means that the…
- As part of its rollout in the mountain kingdom, InDrive will suspend commissions in the first six months of operations, allowing drivers to retain all of their earnings.
- The typical investment size of the fund will be $3m to $7m as lead investor and through co-investment with other credible funders across the continent.
- Although MVNOs (Mobile Virtual Network Operators) are a relatively new concept in Nigeria, it's likely to become a household term by the end of 2024.
- But what has been overlooked is that two tech-focused ministries oversee technology and the digital economy. The Communications and Digital Economy Ministry will create policies impacting Nigeria’s digital economy. The Ministry of Innovation, Science and Technology will facilitate developing and…
- South Africa's ICT regulator has warned ISPs in the country to stop providing Starlink kits and subscriptions for users in the country. Starlink is not yet registered in SA, and all third-party providers will be sanctioned.
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- With the recent transition of the NIMC to the Federal Ministry of Communications and Digital Economy, it’s essential to understand the multifaceted reasons to maintain this new alignment and why it offers the best prospects for a Digital Nigeria.
- Delays to the recognition of an amalgamated drivers union focused on one technicality. Therefore, ride-hailing drivers have changed their name to the Amalgamated Union of App-based Transporters of Nigeria (AUATON), dropping the contentious ‘workers’ tag.
- One of the proposed changes includes removing the distinction between remote and non-remote workers and requiring employers of South Africa-based remote workers to deduct pay-as-you-earn (PAYE) tax.
- With pre-emerging markets making up the majority of most markets in Africa, the value that can be unlocked by entrepreneurs who tackle these markets is large.
- Hosting some of Africa’s largest IT infrastructure players is a flex, but Mauritius wants more. And it wants this “more” to extend and enable its robust financial services sector.
- Last week, Nigeria’s apex bank ended a two-year ban on foreign exchange (FX) sales to Bureau de Change (BDC) operators. The CBN believes lifting the ban will help ease the strain on exchange rates.
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- Twiga, a Kenyan B2B e-commerce food distribution platform, will lay off a third of its 850 permanent employees, citing an increasingly challenging business environment. Twiga's CEO Peter Njonjo told TechCabal that Twiga has been “on a transformative path in the last few months to become a lean,…
- Samuel Akpan, a crypto expert, told TechCabal, “Their monies will be a worthless token printed out of mid-air. I think the funds are long gone; Patricia has misappropriated customer assets just like FTX.”
- Nigeria’s Central Bank is ending a two-year ban on FX sales to the Bureau De Change (BDC) operators in its newest move to stabilise Nigeria’s volatile FX market. Under ousted CBN Governor Godwin Emefiele, the CBN banned sales of FX to BDC operators in 2021. The apex bank is now hoping BDC operators…
- The Nigeria Deposit Insurance Corporation (NDIC), a statutory body that protects depositors' funds, might investigate the directors of Eyowo and 183 banks whose licenses were revoked to determine if financial malpractice contributed to the revocation.
- Gwila is one of the first e-commerce marketplaces in Zambia that allows people to sell their products and services, and Derek Thomas is determined to expand into other markets as soon as he can.
- Gwila is one of the first e-commerce marketplaces in Zambia that allows people to sell their products and services, and Derek Thompson is determined to expand into other markets as soon as he can.
- According to the 2022–2023 Africa PR and Communications report, the majority of professionals in the industry regard artificial intelligence (AI) as the technology that will revolutionise the industry over the next decade.
- Kobo360, a Nigerian logistics startup, has announced the appointment of a new CEO, Cikü Mugambi, after its co-founder, Obi Ozor stepped down from his role as CEO and Board Chair.
- Bolt has recorded new milestones in Kenya and Nigeria. In Kenya, it recorded over 100 million rides by its customers, and in Nigeria, it recorded 250 million rides since its launch in the country in 2016.
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