November 15, 2024
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Digital publishing pioneer Okada Books is shutting down after ten years
Technology

Digital publishing pioneer Okada Books is shutting down after ten years

Okada Books, Nigeria’s pioneer digital publishing and bookselling platform, will shut down on November 30, 2023, citing rough macroeconomic conditions. “We explored various avenues to keep our virtual bookshelves alive but, unfortunately, the challenges we…

Subsequent Wave: The obsession over unicorns or camels is bizarre
Technology

Subsequent Wave: The obsession over unicorns or camels is bizarre

First published 19 November 2023 Africa investors need to learn to make VC math work instead of debating whether the continent needs unicorns or camels. VCs who focus on the math will be fine regardless.…

The SASSA standing examine 2023/2024
Technology

The SASSA standing examine 2023/2024

This guide aims to assist applicants in manoeuvering the application process, understanding payment methods, using the SASSA status check, and accessing available resources. Understanding the SASSA grant application Online Application Prospective applicants can initiate the…

Nigeria’s Central Financial institution postpones rate-setting assembly once more as inflation soars 
Technology

Nigeria’s Central Financial institution postpones rate-setting assembly once more as inflation soars 

Nigeria’s Central Bank has postponed a crucial meeting to decide interest rates even as headline inflation worsened in the West African country in October. Data from the country’s Bureau of Statistics showed that headline inflation…

Tanzania’s NALA needs to make Rwanda a settlement hub for East Africa
Technology

Tanzania’s NALA needs to make Rwanda a settlement hub for East Africa

NALA Money, the Tanzanian business and consumer cross-border payments fintech backed by Bessemer Ventures and Accel, says it plans to make Rwanda a settlement hub for its East African remittance business. Making Rwanda a settlement…

Ghana’s Central Financial institution might high quality Lemfi, Clever, others for unapproved FX operations
Technology

Ghana’s Central Financial institution might high quality Lemfi, Clever, others for unapproved FX operations

Ghana’s Central Bank has barred eight money transfer organisations (MTOs) from offering remittance services without regulatory approval. According to a notice seen by TechCabal, these companies include LemFi, Wise, Transfer Go, PayPal’s Xoom, SendValu, Boss…

Zazuu, a fee market for remittance providers, has shut down
Technology

Zazuu, a fee market for remittance providers, has shut down

Zazuu, a London-based fintech that built a marketplace for African remittance companies and raised more than $2 million, has shut down, citing a lack of funding. Zazuu, the fintech marketplace for cross-border payment networks in…

Unique: Leatherback CEO Ibrahim Ibitade Denies Hiding from EFCC After Needed Discover
Technology

Unique: Leatherback CEO Ibrahim Ibitade Denies Hiding from EFCC After Needed Discover

Ibrahim Ibitade, the CEO of Leatherback, a fintech startup that provides cross-border payments to customers in seven countries, has said he is not hiding after Nigeria’s Economic and Financial Crimes Commission (EFCC) declared him wanted…

Safaricom Ethiopia makes $43,368 in M-PESA income three months after launch
Technology

Safaricom Ethiopia makes $43,368 in M-PESA income three months after launch

Safaricom Ethiopia has made KES 7.2 million ($43,368) in M-PESA revenue three months after it launched in August 2023.  M-PESA Ethiopia has a customer base of 1.2 million users, with 67% actively using the product.…

Navigating the transition: African banks take over after worldwide lenders exit
Technology

Navigating the transition: African banks take over after worldwide lenders exit

This article was contributed to TechCabal by Conrad Onyango via bird story agency . In early 2022, UK-headquartered Standard Chartered Bank announced it was exiting five African countries and partially exiting two others – breaking…

Paystack to put off 33 workers within the UAE and Europe
Technology

Paystack to put off 33 workers within the UAE and Europe

Paystack, the Nigerian fintech acquired in 2020 for $200 million by Stripe, is laying off 33 workers in Europe and UAE. The company’s CEO, Shola Akinlade confirmed this in a tweet today, saying the layoff…

Feminine founders are imagining a world with out buyers
Technology

Feminine founders are imagining a world with out buyers

At the AWS Startups Women’s Demo Day Lagos organized by the cloud provider and VC firm Ajim Capital, female founders and investors talked about the less generous VC landscape. “It used to be all success…