November 15, 2024
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Category: Technology

OPay faces scrutiny over weak KYC system: impersonation, account tiers increase purple flags
Technology

OPay faces scrutiny over weak KYC system: impersonation, account tiers increase purple flags

Despite rising fraud concerns, Nigerian financial technology company OPay has continued to adopt lax registration processes that make its digital platform vulnerable to bad actors, checks by TechCabal have revealed. Since it launched in 2018,…

Jumia shuts down meals supply phase in race to profitability
Technology

Jumia shuts down meals supply phase in race to profitability

In its continued cost-cutting spree, e-commerce company Jumia has shut down its food delivery business in Nigeria, Kenya, Morocco, Ivory Coast, Tunisia, Uganda, and Algeria.  Jumia, an African e-commerce company, will shut down Jumia Food,…

Breaking: Techstars and ARM Labs associate to take a position $1.4 million in 12 African startups
Technology

Breaking: Techstars and ARM Labs associate to take a position $1.4 million in 12 African startups

Techstars, one of Africa’s most active startup investors, has unveiled 12 startups in its second cohort for its Lagos-based accelerator programme. The startups will receive $120,000 in funding. Techstars, a global accelerator with over 3,000…

Flutterwave names new executives a month after CFO’s departure
Technology

Flutterwave names new executives a month after CFO’s departure

Flutterwave, Africa’s fintech giant, has hired several high-profile executives to help lead its risk and compliance efforts one month after the abrupt exit of its CFO. Flutterwave, the African fintech giant widely believed to be…

In dialog with Yacine El-Mahdi Oualid, Algeria’s minister of data financial system, startups, and micro-enterprises
Technology

In dialog with Yacine El-Mahdi Oualid, Algeria’s minister of data financial system, startups, and micro-enterprises

Algeria, the North African country that sits at the crossroads of Africa, Europe, and the Middle East, wants to become one of the biggest players in Africa’s tech ecosystem. And its government is backing this…

Scramble in SA crypto market forward of licencing spherical
Technology

Scramble in SA crypto market forward of licencing spherical

This article was contributed to TechCabal by Conrad Onyango via bird story agency . South Africa is witnessing an expansion in cryptocurrency offerings as the country gets closer to issuing its first operational licences to…

In Algeria, African leaders mull startup visas to spice up innovation
Technology

In Algeria, African leaders mull startup visas to spice up innovation

Technology ministers across Africa are looking to introduce startup visas to support innovation and startup growth while simultaneously addressing the brain drain wave on the continent. Technology ministers from Algeria, South Africa, Tunisia, Botswana, and…

LagRide’s asset financing mannequin beneath criticism after current strikes upsets companions
Technology

LagRide’s asset financing mannequin beneath criticism after current strikes upsets companions

Ibile Holdings will investigate partners who subjected drivers to poor working conditions after recovering cars from the partners.  LagRide, the Lagos state-backed ride-hailing platform, has recovered 21 cars from one of its partners, one Idris…

Algeria needs to drive tech investments, nevertheless it should first open up
Technology

Algeria needs to drive tech investments, nevertheless it should first open up

Bracing 10-degree  weather, 10,000 investors, innovators, and regulators gathered at CIC Algiers, Africa’s biggest international conference center, for the second edition of the African Startup Conference. The three-day event, which kicked off on December 5,…

ChipperCash lays off staff once more 
Technology

ChipperCash lays off staff once more 

In partnership with Good morning☀️  Chipper Cash, the African fintech startup backed by FTX and Silicon Valley Bank, has laid off 15 people across various departments. This is its fourth round of layoffs in the…

Unique: Chipper Money cuts 15 jobs in fourth spherical of layoffs
Technology

Unique: Chipper Money cuts 15 jobs in fourth spherical of layoffs

Chipper Cash, the Africa-focused fintech unicorn, has laid off 15 people across various departments in its fourth round of layoffs over the last year, a source familiar with the company’s operations told TechCabal. The latest…

Subsequent Wave: Estonia is invested in exporting its tech to Kenya
Technology

Subsequent Wave: Estonia is invested in exporting its tech to Kenya

First published 10 December, 2023 It is already lobbying for a digital ID contract with the Kenyan government. Its startups will also be more visible in Africa over this decade. The Estonian tech ecosystem was…