November 18, 2024
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Convergence Companions secures $296 million to spend money on digital infrastructure in Africa
Technology

Convergence Companions secures $296 million to spend money on digital infrastructure in Africa

South Africa private equity firm Convergence Partners has announced that it has closed its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million, surpassing its initial target by over 18%. According to a statement by…

Might Jumia’s staggering liquidity place be the corporate’s newest predicament?
Technology

Might Jumia’s staggering liquidity place be the corporate’s newest predicament?

Most people know the story of the continent’s first unicorn, Jumia, the record-setting company that showed the world that ecommerce could thrive in Africa, and sealed the statement by pioneering an IPO listing on the…

May Amazon’s new knowledge centre assist speed up Nigeria’s native startup scene?
Technology

May Amazon’s new knowledge centre assist speed up Nigeria’s native startup scene?

Global giant, Amazon, has launched a new Amazon Web Services (AWS) Local Zones in Lagos, one of only 15 outside the United States. The new Local Zones is a type of infrastructure deployment that places…

Money disaster worsens as CBN extends deadline
Technology

Money disaster worsens as CBN extends deadline

After insisting a week ago that the January 31 deadline was irreversible,  Central Bank Governor Godwin Emefiele, announced the extension of the currency exchange deadline yesterday. Nigerians now have until Friday, February 10, to submit…

Subsequent Wave: Nigeria’s central financial institution appears to be copying India with out reservation
Technology

Subsequent Wave: Nigeria’s central financial institution appears to be copying India with out reservation

On the Next Wave this week, we take a look at the CBN’s recent “financial inclusion” potshots and explain how the new domestic card scheme is the clearest pointer to what Nigeria’s economic managers hope…

How one can test your WAEC outcome utilizing cellphone
Technology

How one can test your WAEC outcome utilizing cellphone

Registration for university entrance examinations like JAMB is currently ongoing. As such, the need to check your WAEC result for printouts and uploads may become imperative. We’ve created this article to help you know how…

This week: Africa’s first home card
Technology

This week: Africa’s first home card

Editor’s Note Week 04, 2023 Read time: 5 minutes Greetings, dear readers, and welcome to another edition of TC Weekender. We are thrilled to present to you the most significant news from across the African…

TC Recreation: SheerLuck Holmes
Technology

TC Recreation: SheerLuck Holmes

game By Ngozi Chukwu Jan 28, 2023 Image source: Techcabal Get the best African tech newsletters in your inbox TC Daily Next Wave Events Weekender More from this author Newsletters This week: Africa’s first domestic…

Backing the following Wizkid: tech platforms need you to spend money on the following Afrobeats star
Technology

Backing the following Wizkid: tech platforms need you to spend money on the following Afrobeats star

Nigeria’s films were once regarded as the country’s most significant cultural export. But ask anyone these days, and they’ll tell you it’s Afrobeats. It has birthed global stars from Nigeria and one Netflix documentary. The…

Innov8 Group Holdings companions with Irish fund to drive healthtech funding in Africa
Technology

Innov8 Group Holdings companions with Irish fund to drive healthtech funding in Africa

South African private equity firm Innov8 Group Holdings, which provides funding for medtech technologies to the African medical industry, has announced a partnership with an Ireland-based fund and family office. Innov8 Group Holdings’s portfolio companies…

Yebo Contemporary raises $4.5 million to ship recent meals to SA townships
Technology

Yebo Contemporary raises $4.5 million to ship recent meals to SA townships

South African ecommerce startup Yebo Fresh has announced that it has succeeded in securing a R78 million (~$4.5 million) pre-Series A equity investment and a Jobs Fund grant. Yebo Fresh works to make it easy…

Gokada banks on its neighborhood because it seems to crowdfund $750,000
Technology

Gokada banks on its neighborhood because it seems to crowdfund $750,000

Gokada, a leading Nigerian last-mile delivery company, has taken to GetEquity, a Nigerian investment platform, to raise $750,000 at a $10 million valuation. Why is a market leader turning to retail investors in its home…