November 15, 2024
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Category: Technology

Following rising unemployment, Botswana youth are educating English on-line to Asian college students
Technology

Following rising unemployment, Botswana youth are educating English on-line to Asian college students

As unemployment rates continue to soar, unemployed Batswana youth are turning to online English tutoring to earn a living. During the lockdowns of early 2021, *Katlego, a 24-year-old economics graduate from the University of Botswana,…

Unique: Two crypto startups submit licence software to Nigerian SEC
Technology

Unique: Two crypto startups submit licence software to Nigerian SEC

One month after Nigeria’s Central Bank lifted a ban on crypto, startups are now pushing for SEC licence Two crypto startups have applied for licences from Nigeria’s Security Exchange Commission (SEC) after the central bank…

BNPL Blues: Zilla hits pause as shopper understanding hampers progress
Technology

BNPL Blues: Zilla hits pause as shopper understanding hampers progress

Zilla, the Buy-Now-Pay-Later company founded in 2021, has paused its BNPL services and is now focusing on a cross-border payment product, Zillawire, after struggling to convince customers to use the service, two people with knowledge…

Why Yemisi Isidi is championing mentorship for early-stage founders
Technology

Why Yemisi Isidi is championing mentorship for early-stage founders

Yemisi Isidi moved back to Nigeria from the UK in 2017, and after seeing how difficult it was for businesses, especially women-owned ones, to scale, she decided to do something about it.  At first, she…

Subsequent Wave: Buying and selling second-hand shares in African startups doesn’t become profitable anymore. That’s good?
Technology

Subsequent Wave: Buying and selling second-hand shares in African startups doesn’t become profitable anymore. That’s good?

First published 21 January, 2024 Secondary selling—also known as secondhand trading—exists everywhere. The markets of Lagos, Kinshasa and De Villiers Street in Johannesburg are full of traders and buyers haggling over bales of “pre-loved” clothing.…

Nigeria Central Financial institution bows to stress, units curiosity hike assembly date for February
Technology

Nigeria Central Financial institution bows to stress, units curiosity hike assembly date for February

Nigeria’s Central Bank has bowed to pressure and is scheduling its first rate hike meeting for February 26-27, 2024. It will be the first rate meeting since July 2023. In December, the Central Bank Governor…

Watershed report: Methods to unlock worth in a funding winter
Technology

Watershed report: Methods to unlock worth in a funding winter

An optimistic way to think of 2023 is to consider it a seminal year for stakeholders in the African tech ecosystem. On the one hand, the global economic climate made it a challenging year for…

Showmax steps up streaming battle with Premier League on cell plan
Technology

Showmax steps up streaming battle with Premier League on cell plan

After taking over Africa’s market mantle from US streaming giant, Netflix, in 2023, South Africa’s Showmax is turning to smartphones to tap into a wider pool of football fanatics. The MultiChoice-owned streamer has introduced mobile-only…

Amazon Prime to layoff employees and cease producing African content material
Technology

Amazon Prime to layoff employees and cease producing African content material

Amazon Prime, the global streaming giant, is laying off staff and scaling back its local content production in Africa and the Middle East, according to a new report by Variety.  The streaming platform, the third…

Unique: How Timbuktoo, the UNDP-backed $1bn innovation fund will work
Technology

Unique: How Timbuktoo, the UNDP-backed $1bn innovation fund will work

On Tuesday, the United Nations Development Programme (UNDP), Rwanda, and seven other African countries announced the launch of Timbuktoo, an initiative that hopes to invest $1 billion over 10 years into 1000 tech startups across…

“The lots are costly to serve”: Why Sparkle is betting on prosperous banking
Technology

“The lots are costly to serve”: Why Sparkle is betting on prosperous banking

Nigeria’s retail banking market is dominated by traditional banks valued at trillions of Naira and fintechs with deep war chests, but Sparkle MFB, a digital bank that provides financial, lifestyle, and business support services to…

Newest methods to create digital NIN 2024
Technology

Newest methods to create digital NIN 2024

In compliance with the National Identity Management Commission (NIMC) directive, individuals are now required to create a Virtual National Identification Number (VNIN) to facilitate the integration of their NIN with their mobile numbers. In other…