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Kenya fines two digital lenders $20,000 for abusing consumer knowledge

Kenya fines two digital lenders $20,000 for abusing consumer knowledge

Some digital lenders have resumed harassing borrowers on their platform, even in cases where laws protect them against personal data abuse. The Office of the Data Protection Commissioner (ODPC) has stepped in. The Office of…

Unique: Risevest completes the acquisition of digital buying and selling fintech Chaka

Unique: Risevest completes the acquisition of digital buying and selling fintech Chaka

Months after conversations began between both companies, TechCabal can now confirm that fintech startup Risevest has fully acquired digital trading startup Chaka. Tosin Osinbodu, Chaka’s founder and Eke Urum, the founder of Risevest, confirmed the…

How incubators and accelerators can propel innovation in Africa

How incubators and accelerators can propel innovation in Africa

Noel K. Tshiani is the founder of the Congo Business Network, an organisation committed to building the rising startup ecosystem in the Democratic Republic of Congo. As a fervent advocate for innovation, he actively drives…

Unique: Why uLesson shut down its bodily studying centres months after launch

Unique: Why uLesson shut down its bodily studying centres months after launch

uLesson’s founder, Sim Shagaya, explains why the company launched physical centres in 2021 and its quick decision to shut them down.  Launched in 2019, uLesson focuses on the K-12 learning category and was initially available…

Telcos in Africa are speeding to undertake e-SIM playing cards

Telcos in Africa are speeding to undertake e-SIM playing cards

This story was contributed to TechCabal by Conrad Onyango via bird story agency. Africa’s telcos have begun an aggressive push to replace traditional plastic subscriber identity module (SIM) cards with virtual alternatives to tap into…

Subsequent Wave: Africa’s traders have their work reduce out for them

Subsequent Wave: Africa’s traders have their work reduce out for them

One of the biggest news stories last week, at least in Nigerian tech circles, was my colleague’s (Ngozi Chukwu) reporting about Payday, the virtual card app. Per her reporting, Payday which announced a $3 million…

Entry Financial institution fails to double income in H1 2023, regardless of 52% development

Entry Financial institution fails to double income in H1 2023, regardless of 52% development

Access Bank’s profits grew 52% in the first half of 2023. But it failed to double its profit like its peers. Access Holdings Plc posted profits of ₦135 billion in the first half of 2023. That’s…

A Somali-based bootcamp is instructing code to younger folks in native languages

A Somali-based bootcamp is instructing code to younger folks in native languages

Based in Hargeisa, Fikrcamp was launched in Somaliland and targeted Somali-speaking people. Although it has raised only $40,000, it has already arrived in Ethiopia to impart digital skills to Amharic-speaking students.  Coding bootcamps in Africa…

New SASSA SRD contact channels for fast assist

New SASSA SRD contact channels for fast assist

Accessing support from the South African Social Security Agency (SASSA) through the Social Relief of Distress (SRD) program is essential for many individuals and families in need. SASSA has established multiple channels to provide assistance…

Even the most well-liked femtech apps are nonetheless leaving African ladies behind

Even the most well-liked femtech apps are nonetheless leaving African ladies behind

Femtech apps are popular with young women in Africa but the solutions they provide exclude some of those who need them the most. Twenty-year-old *Salamatu has a small jotter in her bedroom where she keeps…

Newest on utilizing the KPLC self service 2023

Newest on utilizing the KPLC self service 2023

Kenya Power, the leading electricity distributor in Kenya’s Self-Service Portal (KPLC), offers a range of services, from registering your account to paying bills and tracking your consumption. In this article, we will walk you through…

MultiChoice share value has plunged by nearly 50% within the final six months

MultiChoice share value has plunged by nearly 50% within the final six months

In the last six months, MultiChoice’s share price has plunged by 49%, wiping R32 billion (~$23 million) in shareholder value. On March 6, 2023, MultiChoice’s stock was trading at R147. As the Johannesburg Stock Exchange…