November 16, 2024
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Category: Technology

New York-based agency buys Nigerian AI startup CoverAI in five-figure deal 
Technology

New York-based agency buys Nigerian AI startup CoverAI in five-figure deal 

Writesea, a New York company, acquired 3-month-old Nigerian AI startup CoverAI for a five-figure dollar deal.   Writesea, a New York-based firm specialising in white-label services for recruitment marketplaces, has acquired the three-month-old Nigerian AI startup,…

Newest on SASSA grant cost dates October 2023 
Technology

Newest on SASSA grant cost dates October 2023 

The South African Social Security Agency (SASSA) has released the grant payment schedule for October 2023, demonstrating its commitment to supporting vulnerable individuals and families. Here’s what you need to know about the SASSA grant…

OPay, DHL, Meta could face steep fines as NDPC begins investigation into alleged knowledge privateness violations
Technology

OPay, DHL, Meta could face steep fines as NDPC begins investigation into alleged knowledge privateness violations

OPay, DHL, Meta may be fined if Nigeria’s data protection commission establishes wrongdoing in data violation investigation OPay, Meta and DHL may be asked to pay 2% of their gross revenues in 2022 as fines…

Subsequent Wave: Somalia must be a part of the tech ecosystem dialog in Africa
Technology

Subsequent Wave: Somalia must be a part of the tech ecosystem dialog in Africa

First published 8 October 2023 With the inclusion of venture debt, venture inflows to Africa totalled $6.5 billion across 853 deals – but Somalia did not get any of this share. In a skeletally vibrant…

Ghanaian fintech Sprint shuts down after elevating $86.1 milion in 5 years
Technology

Ghanaian fintech Sprint shuts down after elevating $86.1 milion in 5 years

Dash, the Ghanaian fintech has shuttered after a tumultuous run. The company did not achieve its vision to solve cross border payments for Africans by connecting mobile money wallets. Dash, the Ghanaian fintech company with…

Unique: Cofounders of FTX-backed Bridge Community cut up after energy tussle
Technology

Unique: Cofounders of FTX-backed Bridge Community cut up after energy tussle

The three co-founders of web3 startup Bridge Network have split after a fight for control of the company. They raised over $3.8 million from several investors, including FTX. Two co-founders of Bridge Network, a web3…

Twiga confirms it’s in talks with Incentro Africa over $260k cloud invoice
Technology

Twiga confirms it’s in talks with Incentro Africa over $260k cloud invoice

Twiga argues that the court case filed by Incentro was done in bad faith. However, it looks forward to settling the matter in a timely manner. Twiga has confirmed to TechCabal that it is in…

Unique: VFD’s Nonso Okpala shares the agency’s investing thesis and plans forward of NGX itemizing
Technology

Unique: VFD’s Nonso Okpala shares the agency’s investing thesis and plans forward of NGX itemizing

VFD Group Plc will list its shares on the Nigerian Exchange Limited (NGX) this Friday. The company’s Group Managing Director/CEO, Nonso Okpala, spoke exclusively to TechCabal on the thinking behind the move. After securing regulatory…

Starlink goes dwell in Zambia
Technology

Starlink goes dwell in Zambia

The country becomes the sixth in Africa to have access to the service. Starlink has officially launched in Zambia today, October 5. The company initially engaged with the country’s government in September 2022, and following…

How startups are attempting to deal with SA’s healthcare entry hole
Technology

How startups are attempting to deal with SA’s healthcare entry hole

Healthcare startups in South Africa are playing their part in helping to address the inequality in the country’s healthcare sector. As the world’s most unequal country, South Africa’s lopsided wealth distribution has created a two-tiered…

The main African tech strikes from September 2023
Technology

The main African tech strikes from September 2023

1. Funding: Q3 brings in the lowest funding of the year In September 2023, 22 African tech startups raised $116.7 million across 22 fully disclosed* raises. Compared to August 2023’s $243.7 million total raise, this…

Unique: OPay denies opening accounts for purchasers with out their consent
Technology

Unique: OPay denies opening accounts for purchasers with out their consent

OPay has denied claims on social media that the fintech opened accounts for people without their consent.  The fintech startup OPay has denied claims that it opened accounts for customers without their consent following an…