November 6, 2024
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Category: Technology

After shedding 30% of its workforce, Sendy receives funding from Japanese VC MOL PLUS
Technology

After shedding 30% of its workforce, Sendy receives funding from Japanese VC MOL PLUS

Kenyan-based fulfillment and logistics startup Sendy has announced that it has received undisclosed funding from MOL PLUS, the venture capital arm of Japanese transport company Mitsui O.S.K. Lines, Ltd. (MOL).   The funding, which appears to…

Quona Capital, a fintech-focused VC, closes its third fund at $332 million
Technology

Quona Capital, a fintech-focused VC, closes its third fund at $332 million

Companies powering financial services continue to take the leading position in cheque sizes globally. This situation is more pronounced in Africa where fintech startups received about two-thirds of the total $5 billion raised in 2021.…

African tech skills are leaving in droves however these ones are staying to construct
Technology

African tech skills are leaving in droves however these ones are staying to construct

In October 2021, when the Sudanese government shut down the internet for a month, Ahmed Mujtaba, the CEO of healthtech startup Doctorbase, was disconnected from 14 engineering and operations team members working in the country. …

5 on-line companies you can begin with virtually no capital
Technology

5 on-line companies you can begin with virtually no capital

When it comes to setting up a business, there has never been a more level playing field than the internet. With only an idea, and a computer or smartphone with internet access, anyone can start…

Prime 5 abilities wanted to develop the startup ecosystem in Francophone Africa
Technology

Prime 5 abilities wanted to develop the startup ecosystem in Francophone Africa

Noel K. Tshiani is the founder of Congo Business Network, which has worked with Congolese entrepreneurs since 2018 to help them develop branding, marketing, and networking skills needed to find investors, business partners, and clients…

MTN SA data 800,000 subscriber development in 2022
Technology

MTN SA data 800,000 subscriber development in 2022

South Africa’s second-largest mobile network operator, MTN increased its subscriber base by 800,000 in the first 9 months of 2022, according to its Q3 financial results released on Friday. This brings its total subscriber count…

Catlog launches a search-by-hashtag characteristic for web shoppers
Technology

Catlog launches a search-by-hashtag characteristic for web shoppers

Social commerce is on the rise across the continent, and the numbers are clear proof. According to a survey that covered over 4,000 small and medium-sized businesses (SMBs) across 8 countries last year, over 80%…

Yassir raises $150m Sequence B to ramp up Africa and international enlargement
Technology

Yassir raises $150m Sequence B to ramp up Africa and international enlargement

Yassir, a San Francisco-based Algerian super-app offering on-demand services and financial services, has closed a $150 million Series B funding to power its expansion across Africa and the rest of the world. The investment was…

Sundown for Africa’s 2G and 3G networks looming
Technology

Sundown for Africa’s 2G and 3G networks looming

This article was submitted to TechCabal by Conrad Onyango, bird agency* African countries have begun retiring legacy networks – 2G and 3G – as the continent’s burgeoning digital economy raises the demand for faster and…

Egypt to launch first satellite tv for pc for local weather monitoring
Technology

Egypt to launch first satellite tv for pc for local weather monitoring

This article was submitted to TechCabal by Bonface Orucho, bird story agency* After years of research, the Africa Development Satellite Initiative, AfDev-Sat, will display its prototype satellite at COP 27 in Sharm El-Sheikh through the…

The Subsequent Wave: Africa’s energy deficit is at odds with its digital economic system targets
Technology

The Subsequent Wave: Africa’s energy deficit is at odds with its digital economic system targets

After a brief hiatus, we’re back with our series on Africa’s digital economy and the hard-to-ignore physical, human and institutional components that make up this ecosystem. If you missed the previous editions, please find them here, here, here, and…

What to learn about LAUTECH’s post-UTME CBT 2022
Technology

What to learn about LAUTECH’s post-UTME CBT 2022

The Academic Staff Union of Universities in Nigeria recently called off its industrial strike, which lasted up to 8 months. Most universities have announced resumption dates, and admission processes have begun in earnest. Ladoke Akintola…