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MNT-Halan, an Egyptian startup bundling fintech and e-commerce, has snagged a billion dollars valuation at the back of a $400 million financing. The startup is now Africa’s 8th unicorn, joining a list that includes Nigerian…
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Airtel Africa on Thursday reported a reduced (nine-month) profit of $801 million, down from $864 million in the previous year. Despite growing its customer base and revenue, expenses increased and net finance costs jumped, leading…
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In 2022, the world was gripped by Artificial Intelligence (AI) fever, and Nigeria was not left out. According to Google, Nigerians’ search for information about the technology increased by 100% in 2022. Search queries included…
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In 2022, despite a global economic crisis and a dramatic slowdown in the venture capital landscape, African startups attracted $6.5 billion in funding, their highest ever recorded, according to the 2022 Partech African tech VC…
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A few days after we reported that Gokada was looking to raise $100,000 through crowdfunding, TechCabal can now exclusively report that Gokada has laid off at least 54 members of staff. Four present and former…
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Capitec Bank Holdings Ltd (Capitec) offers financial services spanning a wide range of specialisations in South Africa. As such, the financial institution and its affiliates are involved in the banking, real estate, and consumer products…
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Samira Nwaturuocha has always been a curious person. At an early age, she got intrigued by the biological concepts of the “cell” and how microorganisms could be so powerful as to cause other organisms to…
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Tech reporting in Africa has evolved significantly in the last decade. From fundraising stories and documenting the business of tech to scrutinising tech startup culture on the continent, this evolution is evidence that the African…
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South African electronics manufacturer Ellies has announced that it has entered into an agreement to acquire alternative energy solutions provider, Bundu Power, for a total consideration of R202.6 million (~$12 million). The Boksburg-based Bundu Power,…
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Global startup accelerator Techstars, in partnership with Lagos-based innovation ARM Labs, has announced its inaugural class of 12 startups for the new ARM Labs Lagos Techstars Accelerator Program. The lagos-based programme which is focused on…
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According to data from website traffic monitoring platform SimilarWeb, Naspers-owned developer knowledge-sharing platform Stack Overflow has seen its traffic plummet since the launch of OpenAI’s conversation AI tool ChatGPT. SimilarWeb’s data shows that StackOverflow has…
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According to venture capital tracking platform Africa: The Big Deal, South African startups again dominated the venture capital funding scene in southern Africa in 2022, securing 95% of all the funding in the region. South…
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