- In today's dynamic job market, future-proofing your skills is crucial. This edition of #EnteringTech explores building a "career moat" to become adaptable, valuable, and in high demand, regardless of industry shifts or technological advancements.
- “Our vision is to become Africa’s most powerful business network in payments. The real play for Hydrogen is the infrastructure,” the company's CEO Kemi Okusanya told TechCabal.
- In today’s edition: Mastercard acquires minority stake in MoMo || Glo settles $1.4 million bill with MTN || Kenya introduces draft Bill to regulate virtual assets service providers || 2G and 3G networks in South Africa get a two-year reprieve
- The funding round was led by Jeremie Frimpong, a Ghanaian-Dutch footballer who plays for Bayern Leverkusen. Frimpong's investment follows a trend of football stars backing tech startups.
- Globacom has agreed to pay MTN N2 billion to settle the compound interest on the interconnection debt and lifting disconnection threat hovering over the network
- Asset financing was meant to help the mobility sector progress, but it has encountered a few problems. Could local manufacturing re-balance the model?
- On Friday, January 26, TechCabal Insights released its much anticipated State of Tech in Africa Report for Q4, 2023. The report shed light on the realities of funding in 2023 with insights on how investors and players in the tech ecosystem can navigate through the funding winter and come out…
- “We are not paying these claims if it is not a validly constituted request," Cardoso said. And while Cardoso claimed the arrears owed to airlines had been paid, the airline association IATA said there was still $700 million unpaid.
- African startups got off to a sluggish start in 2024, raising just $83 million across 31 disclosed deals in January. This marks a steep decline from the $545.1 million raised in 20 deals during the same month in 2023, representing an 84.8% year-on-year drop.
- Starlink's dream of reaching every corner of Earth has encountered a roadblock in Botswana after its application to launch was rejected by the communications authority
- MTN CUG allows for lovers, couples, friends, families, & businesses to enjoy unlimited free calls and SMS within a closed user group. See how to subscribe to MTN CUG here:
- Duke Ekezie, the co-founder and President of Kippa, the fintech startup backed by Target Global, has left the company months after Kippa Pay, the agency banking service he was in charge of, was shut down.
- Massive devaluations of Nigeria's Naira and the Malawian Kwacha squeezed Airtel Africa's margins and resulted in profits of $2 million for the year. The Naira's devaluation cost Airtel $301 million.
- Pan-African broadcaster MultiChoice has announced that it will make a further $89 million investment into streaming platform Showmax by 31 March 2024.
- Zone, Africa’s first licenced blockchain payment infrastructure company, will launch a remittance product in 2025, Obi Emetarom, the company’s CEO, told TechCabal this week.
- The curtains may have closed on 2023, but the African tech landscape is still adjusting to the aftershocks of a watershed year that tested the resilience and adaptability of startups across the continent. To make sense of it all, TechCabal Insights has released its retrospective State of Tech in…
- In today's edition: Google launches its first African cloud centre || Kippa pivots to edtech || Bolt expands to Zimbabwe || Bboxx moves its HQ to Rwanda || Ghana’s mobile money agents have a new deadline
- Nearly a year after the departure of the last SEC board and President Tinubu's yet-to-appoint successors.
techcabal.com/2024/01/29/sec-board-absence-casts-shadow-over-ngx-rally/
This leaves the regulator of the NGX without a watchdog, casting a shadow over the NGX's recent surge and inviting…
- Kippa, the financial management startup backed by Target Global, is pivoting from fintech and is piloting a new edtech service, two people with direct knowledge of the matter told TechCabal
- Pade, a startup that helps businesses manage HR functions, paid out ₦11 billion in salaries in 2023. A key business driver? Landing Flutterwave as a key client
- Despite a squeeze in funding across Africa’s VC spectrum in 2023, climate tech startups hauled in $1 billion of the total $3.5 billion raised as investor interest surged
- Nigeria has seen a decline of 10.7% in its broadband penetration figures after the NCC adjusted the calculation with the latest population estimates.
- In today’s edition: Nigeria wants to tackle POS fraud || MTN invests $215 million in Benin || Will $500 million clear Nigeria’s backlog? || Kenya’s Apollo receives$10 million in funding
- Agents location fraud: The CBN is building a feature for PoS terminals that will flag fraud transactions by asking for additional KYC.
techcabal.com/2024/01/30/exclusive-cbn-pos-agents-are-working-on-a-feature-to-curb-fraud/
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- In today’s edition: Nigeria investigates 17 data breaches || DStv retains rights to WWE || Chaka’s CEO finds a new path || Miden gets selected for YC || Inside Musk’s new Trust and Safety Centre
- Chaka founder Tosin Osinbodu has left the company, five months after a merger with Rise.
techcabal.com/2024/01/29/tosin-osinbodu-exits-company-after-rise-merger/
This makes Eke Urum, the founder of Rise, the sole CEO of the recently merged companies.
- Miden, a Nigerian startup that allows businesses to issue virtual cards to their customers through its API, has been selected for Y Combinator’s winter 2024 batch. Miden is the latest Nigerian startup in this year’s winter batch after Cleva, the cross-border payment service.
- It's pretty easy to spot, but in good times, most people are content to live and let live. When things take a bad turn, though, those theatrics disappear in a huff.
- In today’s edition: Access completes third acquisition of the month || B.TECH denies data breach || Livestock Wealth insists its licence is valid || Data story: Fraud risks in Africa’s virtual cards || Which sector got the least funding in 2023?
- Moniepoint averaged 433 million monthly transactions and closed 2023 with 5.2 billion transactions, according to internal documents seen by TechCabal.
