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Unique: YC-backed fintech Pivo Africa is shutting down

Unique: YC-backed fintech Pivo Africa is shutting down

Pivo, the Nigerian fintech that offered banking services to small supply chain businesses, is shutting down one year after raising a $2 million seed round.  Pivo, the Nigerian fintech startup that raised more than $2.6…

Kenya suspends digital IDs amid knowledge safety issues

Kenya suspends digital IDs amid knowledge safety issues

Digital rights groups have faulted the government over data protection uncertainty in digital ID roll-out. Kenya’s High Court has paused the roll-out of Maisha Namba, a proposed digital ID system set to replace the failed…

Ex-Jumia Ghana CEO, Sunil Natraj to move Jumia Nigeria

Ex-Jumia Ghana CEO, Sunil Natraj to move Jumia Nigeria

Jumia Nigeria has appointed former Jumia Ghana CEO, Sunil Natraj, to head the e-commerce business. Massimiliano Spalazzi, CEO of prominent e-commerce business Jumia Nigeria will be stepping down in December 2023 after working with Jumia…

Lipa Later acquires Sky.Backyard for $1.6 million, retains some workers

Lipa Later acquires Sky.Backyard for $1.6 million, retains some workers

The relaunch arrives one year after Lipa Later announced it was interested in rejuvenating Sky.Garden’s e-commerce business.  Sky.Garden, a Kenyan e-commerce platform founded in 2017, has relaunched its business one year after it was acquired…

Subsequent Wave: Telecoms is the constructing block for tech innovation in Africa

Subsequent Wave: Telecoms is the constructing block for tech innovation in Africa

First published 3 December, 2023 Experts believe that Nigeria’s telecommunications and tech sector are working at cross purposes. A romance between the sectors could result in a win-win for both sides. Telecoms is said to…

Naspers thinks Amazon will lose in South Africa

Naspers thinks Amazon will lose in South Africa

In partnership with Good morning☀️  MultiChoice is leaving its users spoilt for choice with a new streaming app GOtv Stream, which launched in Kenya yesterday. The app will allow users to download or watch movies,…

How Namibia’s ecosystem can increase its enterprise capital attractiveness

How Namibia’s ecosystem can increase its enterprise capital attractiveness

Besides one startup, Namibia’s startup ecosystem is not widely known. Can addressing its challenges unleash its opportunities? In the last few years, numerous innovative startups have sprung up in Namibia. There are LEFA and Intercity…

How uLesson turned an internet college from an “further lesson” firm

How uLesson turned an internet college from an “further lesson” firm

uLesson, Nigeria’s leading ed-tech, recently announced it had become a group with a private open university under it, the first in Nigeria. Here’s how they moved from K-12 to tertiary education. At 10:20 a.m. on…

Electrical energy entry in Africa exceeds earlier estimates

Electrical energy entry in Africa exceeds earlier estimates

This article was contributed to TechCabal by Seth Onyango via bird story agency . Emerging data is shedding new light on the electricity landscape in Africa, indicating the oft-cited statistics of those without power might…

Nigerians don’t care about Black Friday

Nigerians don’t care about Black Friday

The Black Friday sales, where shoppers get discounts as high as 80% on goods, are no longer attractive to customers due to paltry discounts and inflationary hikes. Every November, on the first Friday after Thanksgiving…

How can different funds enhance Africa’s digital fee panorama?

How can different funds enhance Africa’s digital fee panorama?

Image source: Africa Bussiness Insider At first glance, Africa’s B2B payments sector looks like a saturated market. Many high-profile companies have emerged over the years to process payments on behalf of global merchants. Yet, despite…

This fintech is persuading rich Africans to show idle money into loans for startups

This fintech is persuading rich Africans to show idle money into loans for startups

B54, a Lagos-based business-lending fintech, is giving startups struggling to raise growth-stage venture capital an alternative, as the slowdown in large funding rounds begins to bite high-growth companies. The B2B fintech aggregates idle cash from…