November 15, 2024
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Category: Technology

Convergence Companions needs to drive infrastructure growth in Africa with $296 million fund
Technology

Convergence Companions needs to drive infrastructure growth in Africa with $296 million fund

In this edition of Ask An Investor , TechCabal spoke to Andile Ngcaba, chairman of Convergence Partners, about the state of digital infrastructure in Africa. In January, Convergence Partners, a pan-African ICT investment firm, announced…

Media entrepreneur Fatu Ogwuche launches YouTube present for tech founders to inform their tales
Technology

Media entrepreneur Fatu Ogwuche launches YouTube present for tech founders to inform their tales

On Tuesday, Backstories with Fatu premiered on YouTube. Backstories with Fatu is a YouTube show hosted by tech entrepreneur Fatu Ogwuche on her channel Big Tech This Week, in which she discusses the backstories of…

Bolt Kenya expels 5,000 drivers in six months over security issues
Technology

Bolt Kenya expels 5,000 drivers in six months over security issues

Bolt is taking a stringent approach to safety following years of a tainted reputation in Kenya.   Bolt , an Estonian ride-hailing company, has expelled over 5,000 drivers in Kenya due to non-compliance and safety-related…

EchoVC has a $2.5m fund and it’s not for fintech startups
Technology

EchoVC has a $2.5m fund and it’s not for fintech startups

EchoVC, one of Nigeria’s oldest indigenous venture capital firms, wants to seed early-stage energy, agri-tech and climate-tech startups, two years after it co-led the $85 million series B of Gro-Intelligence, the US-based climate and agri-commodity…

President Ruto to signal invoice that may give tax break to Kenyan startups
Technology

President Ruto to signal invoice that may give tax break to Kenyan startups

The Startup Bill will offer some incentives such as tax breaks and access to credit for startups.   William Ruto, Kenya’s President, has confirmed that the Startup Bill 2022, which seeks to provide employment opportunities for…

LemFi suspends Ghanaian enterprise after Central financial institution warning
Technology

LemFi suspends Ghanaian enterprise after Central financial institution warning

Lemfi, the remittance startup that raised $33 million in a Series A round in August, has suspended its operations in Ghana one week after the country’s Central Bank said it was operating without regulatory approval. …

Twiga Meals secures new funding as a part of plans to pay over 100 suppliers
Technology

Twiga Meals secures new funding as a part of plans to pay over 100 suppliers

Twiga Foods, a platform that connects Kenyan farmers to food vendors, has secured undisclosed funding as part of a business refinancing process just weeks after facing a KES 40 million (USD 261,878.75) debt collection lawsuit…

Zenith Financial institution eyes France enlargement, becoming a member of different Nigerian banks on world stage
Technology

Zenith Financial institution eyes France enlargement, becoming a member of different Nigerian banks on world stage

Zenith Bank, a Nigerian tier-1 bank, wants to expand to France as it looks beyond Africa. Zenith Bank, one of Nigeria’s largest banks with ₦13.38 trillion in customer deposits, wants to expand to France, joining…

USSD codes for GTB, FCMB, UBA, and Constancy Financial institution
Technology

USSD codes for GTB, FCMB, UBA, and Constancy Financial institution

To make your financial transactions smoother, Nigerian banks offer USSD codes that allow you to perform various banking tasks from your mobile phone without the need for an internet connection or mobile app. In this…

Subsequent Wave: Enterprise capital is present process a reset however nobody is altering
Technology

Subsequent Wave: Enterprise capital is present process a reset however nobody is altering

First published 26 November 2023 I’m wondering what is changing about how VCs, founders and startup stakeholders (employees and consultants alike) think about how to operate in Africa. No plaititudes. No cached sentences. Most of…

USSD stays Africa’s hottest cost channel regardless of rising alternate options
Technology

USSD stays Africa’s hottest cost channel regardless of rising alternate options

Despite the growth of many payment channels such as apps and QR codes, Africans continue to use USSD more for making payments across banking and mobile money products. USSD-based transactions were used for mobile money…

Former Google undertaking CSquared seeks to attach Africa with $25 million increase
Technology

Former Google undertaking CSquared seeks to attach Africa with $25 million increase

Lanre Kolade, CEO of CSquared, speaks to TechCabal about the company’s ambition to foster connectivity in Africa following its $25 million fundraising. CSquared, the pan-African technology infrastructure company which started as a Google project, has…