November 15, 2024
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Category: Technology

Kenya’s dx5 set to select East Africa’s most influential CIOs in its fifteenth awards convention
Technology

Kenya’s dx5 set to select East Africa’s most influential CIOs in its fifteenth awards convention

dx5 will also pick a number of companies that have used technology to drive their operations, including county governments. Kenyan publisher dx5, formerly CIO East Africa, will hold its 15th annual technology awards, the CIO100…

Meet the startups that say your wage shouldn’t wait until payday
Technology

Meet the startups that say your wage shouldn’t wait until payday

The 30-day salary presents a liquidity gap between paydays. To bridge this gap, employees often turn to costly options like high-interest payday loans. Startups like Pade offer on-demand access to their accrued pay as a…

How YC-backed Chowdeck hit ₦1 billion in month-to-month order worth
Technology

How YC-backed Chowdeck hit ₦1 billion in month-to-month order worth

Chowdeck, the Y Combinator-backed Nigerian food delivery startup, says it has crossed ₦1 billion ($1.2 million) in monthly gross merchandise value (GMV). It marks a 10x growth spurt for a company that reportedly crossed ₦100…

Backed by 30+ unicorn founders and establishments, Norrsken22 raises $205 million to again high-growth corporations in Africa
Technology

Backed by 30+ unicorn founders and establishments, Norrsken22 raises $205 million to again high-growth corporations in Africa

Norrsken22, an Africa-focused venture capital firm, has reached final close at $205 million—$5 million more than its goal—to back African startups that are ready to scale, otherwise called growth-stage startups.  First launched in January 2022…

Nairobi will host the 2024 Africa Fintech Summit
Technology

Nairobi will host the 2024 Africa Fintech Summit

The 11th edition of the Africa Fintech Summit will be held in Nairobi, Kenya in 2024, said Zekarias Amsalu, the co-founder of Africa Fintech Summit at the ongoing 10th edition of the summit in Lusaka,…

Unique: Chipper Money expands partnership with Visa on card issuance
Technology

Unique: Chipper Money expands partnership with Visa on card issuance

Chipper Cash has expanded its partnership with Visa to continue their collaboration on card issuance. The fintech hopes to leverage Visa’s capacities. Chipper Cash, one of Africa’s most valuable fintech startups, is partnering with global…

Unique: Funds large Interswitch loses ₦30 billion to chargeback fraud, launches restoration course of
Technology

Unique: Funds large Interswitch loses ₦30 billion to chargeback fraud, launches restoration course of

Payments infrastructure giant, Interswitch is on a fund recovery run after a system glitch saw the company lose ₦30 billion (~$40 million) to chargeback fraud. Interswitch, the African payments and infrastructure giant, has lost as…

WeWork South Africa distances itself from WeWork World’s chapter
Technology

WeWork South Africa distances itself from WeWork World’s chapter

WeWork South Africa is distancing itself from WeWork Global’s bankruptcy filing, stating to TechCabal that it is in no way affiliated with the company. WeWork South Africa has stated that it won’t be affected by…

US-listed Swvl quietly releases long-delayed 2022 monetary assertion because it engineers its strategy to monetary security
Technology

US-listed Swvl quietly releases long-delayed 2022 monetary assertion because it engineers its strategy to monetary security

Swvl, the Dubai-based mobility company, quietly filed its annual report for 2022 on Oct. 31 after previously missing a NASDAQ deadline for submissions for publicly listed companies on the stock exchange. The long-anticipated report provides…

SA tech sees enhance in funding from non-public fairness corporations
Technology

SA tech sees enhance in funding from non-public fairness corporations

Private equity firms in South Africa are showing love to the country’s tech sector, with investments into tech companies on the surge. According to data from the 2023 Southern Africa Venture Capital Association report, in…

Kenyans pushback towards KRA’s plan to tax private objects introduced in by vacationers
Technology

Kenyans pushback towards KRA’s plan to tax private objects introduced in by vacationers

Kenyans have been protesting against harassment by KRA tax officials at airports. Now, they have to declare their items every time they travel, or else pay tax for them whenever they return.  The Kenya Revenue…

TechCabal hits a million net customers – the most important viewers in its ten-year historical past
Technology

TechCabal hits a million net customers – the most important viewers in its ten-year historical past

Pan-African tech and business publication, TechCabal, hits a major user milestone of one million monthly web users. TechCabal has now crossed one million monthly web users in October, the largest monthly audience size in our…