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Unique: “One or two” tech startups could checklist on the NGX tech board this yr with rule adjustments imminent

Unique: “One or two” tech startups could checklist on the NGX tech board this yr with rule adjustments imminent

The Nigerian Exchange Group (NGX) is positive that regulatory changes will incentivise homegrown tech startups to list on its specialised technology board this year. Africa’s second-biggest exchange is already speaking to startups looking to access…

The ₦1 Trillion membership: Nigeria’s 5 greatest banks are actually valued at ₦6.1 trillion

The ₦1 Trillion membership: Nigeria’s 5 greatest banks are actually valued at ₦6.1 trillion

Nigeria’s five biggest banks—First Bank, Access Bank, UBA, Guaranty Trust Bank and Zenith Bank—have achieved a market capitalisation of at least N1 Trillion each on NGX, Nigeria’s stock exchange. All five banks are reaping the…

Tech and funding gasoline Africa’s inexperienced cement revolution

Tech and funding gasoline Africa’s inexperienced cement revolution

This article was contributed to TechCabal by Seth Onyango via bird story agency . Africa’s green cement market is poised for rapid growth as new technologies and investors seek to tap the continent’s vast potential…

Unique: Woven Finance, a fintech startup backed by Coronation Group, is shutting down 

Unique: Woven Finance, a fintech startup backed by Coronation Group, is shutting down 

Woven Finance, the fintech startup founded by Trium, a venture group by Coronation Group, is discontinuing its service, according to an email shared with customers on Wednesday morning.  The fintech, which was fully licensed by…

Nigeria’s inventory trade units new all-time excessive to proceed robust begin to 2024

Nigeria’s inventory trade units new all-time excessive to proceed robust begin to 2024

Nigerian equities have opened the year strong for the second week, driving high returns . For the second consecutive week, the Nigerian stock market began on a positive note, as investors continued to take advantage…

Drivers demand medical insurance from ride-hailing corporations after LagRide driver’s loss of life

Drivers demand medical insurance from ride-hailing corporations after LagRide driver’s loss of life

Ride-hailing drivers in Nigeria will demand health insurance packages from e-hailing companies operating in Nigeria after Adebayo Padmore, a driver for LagRide, passed away yesterday. Of the major ride-hailing companies in Nigeria, only Bolt offers…

Subsequent Wave: Ought to Nigeria’s startups contemplate itemizing on its inventory trade?

Subsequent Wave: Ought to Nigeria’s startups contemplate itemizing on its inventory trade?

First published 7 January, 2024 The Nigerian Stock Market has overperformed its target since 2020 till date. Nigerian startups can take advantage of last year’s bull run to list on the Nigerian Tech Board in…

Unique: Twiga authorized chief departs firm days after founder’s resignation

Unique: Twiga authorized chief departs firm days after founder’s resignation

Daniel Ngungi, head of legal and administration at Twiga Foods, left the company days after TechCabal reported that Peter Njonjo, the founder and CEO, resigned from Twiga’s board. Ngungi confirmed his departure in a LinkedIn…

Unique: Wasoko and MaxAB to chop overlapping workforce as merger talks advance

Unique: Wasoko and MaxAB to chop overlapping workforce as merger talks advance

Wasoko, the Tiger Global-backed Kenyan e-commerce startup and MaxAB, its Egyptian counterpart, will trim roughly 10% of the combined workforce of both companies, TechCabal has learned. Both firms are in the early stages of integrating…

Bridging the hole: Product and consumer expertise design in Africa’s technological revival

Bridging the hole: Product and consumer expertise design in Africa’s technological revival

This article was contributed to TechCabal by Seun Alakanse. Africa’s swift rise in the technological realm stands as proof of innovation, adaptability, and resilience. As the continent embraces technology, good governance, and entrepreneurial ventures, the…

Unique: LagRide driver collapses and dies, drivers increase issues over each day targets

Unique: LagRide driver collapses and dies, drivers increase issues over each day targets

Adebayo Padmore, a driver with LagRide, the Lagos state-backed ride-hailing platform that launched in 2022, died this morning as he prepared for his routine of picking up passengers. His death will again highlight criticism of…

January 2024 SASSA SRD cost and appeals 

January 2024 SASSA SRD cost and appeals 

The South African Social Security Agency (SASSA) has released the payment dates for various SRD grants in January 2024. These dates are crucial for applicants and those awaiting appeals for their grants. Important notice about…