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Pastel locks in $5.5 million seed funding led by TLcom to optimise African SMEs

80% of Nigeria’s 40 million micro, small and medium enterprises (MSMEs) fail to last beyond their fifth year, owing to a lack of digitisation and sub-optimal business practices. 3 graduate students at Stanford University: Abuzar Royesh, Olamide Oladeji, and Izunna Okonkwo, are trying to solve this problem through their startup, Pastel. They’ve just raised $5.5

TechCabal and MoniePoint companion to debate how tech is altering the casual economic system

On the 23rd of September 2022, TechCabal, the leading pan-African publication on innovation and technology, will host the second edition of its flagship conference – “The Future of Commerce”. The Future of Commerce will explore how trends like social commerce and BNPL which have become consumer favourites are shaping the market, as well as all

The Subsequent Wave: We’re sleepwalking right into a biometric dystopia

My first piece for TechCabal was on Nigeria’s National Identity Number (NIN). It was an upbeat, positive story that discussed the government’s attempt to improve privacy by tokenising citizens’ national identity numbers and why it was welcome. But even as I wrote it, I was acutely aware of the implications of an encompassing biometric ID system. I

What’s the way forward for African logistics?

Logistics trucks in Africa Source: BBC Logistics is the backbone of international trade; without a working system of moving goods around the world, trade would be hindered. In the African tech ecosystem, investment in tech-enabled transportation and logistics start-ups in Africa has increased since 2015. Last year, a total of $388 million was invested in

TC Video games: What number of phrases are you able to get from “Saturday”?

game By Ngozi Chukwu 13th August 2022 Get the best African tech newsletters in your inbox TC Daily Next Wave Events More from this author Newsletters This Week: Kenya mandates coding in schools Ngozi Chukwu Consumer Tech Airtel Africa signs $125 million credit facility with Citigroup Ngozi Chukwu game TC Crossword: Guess the startup Ngozi

This Week: Kenya mandates coding in faculties

Editor’s Note Week 32, 2022 Read time: 5 minutes It feels like we are in precarious times. In spite of the looming global economic recession, Africa’s tech ecosystem is still raising capital, however difficult things are. But they say it is precisely in times like this that great things are born. Rest assured this weekend.

Samsung launches its latest foldable telephones in Nigeria

L-R: MX, Marketing Manager, Samsung Nigeria,Omolade Agbadaola; Master Trainer, Samsung Nigeria, Solomon Osieluwo; Head of Retail MX, Joy Tim-Ayoola; Marketing Lead, Chika Nnadozie and MX Business Manager, Nathan Lee. Source: Samsung On Wednesday, Samsung announced its new foldable devices, the Galaxy Z Flip4 and the Galaxy Z Fold4; and their latest earbuds, the Galaxy Buds2

Vacation spot Kinshasa: Can Kenyan companies spur digital innovation in DR Congo?

Kinshasa, in the Democratic Republic of Congo, is the new destination for Nairobi’s financiers and hardy tradesmen. If all goes well, the fledgling relationship may become a catalyst for digital innovation in Central Africa and a vital boon for tech markets in East Africa. The Democratic Republic of Congo (DRC) has been a member of

One other day, one other suitor for Telkom as Toto Consortium makes supply to buy authorities’s stake

South African investment firm Toto Consortium has made a $433 million (~R7 billion ) offer to purchase the government’s 40.5% stake in the country’s third largest mobile network operator, Telkom. According to the offer letter, which was seen by Bloomberg and dated July 24, the investment firm’s valuation of Telkom is based on a 30-day

How Uganda’s Tripesa raised funds to energy tech-enabled tourism in Africa

The struggle that travel and tourism businesses had with the 2020 COVID pandemic was comparable to a fight between an armoured tank and a knife holder. Perhaps, the most hit group from the travel and tourism business clampdown were the MSMEs operating in the space. Some had to shut down completely and now, in 2022

Are fintechs taking the lion’s share of Africa’s product managers?

“Anything that people interact with is a product. If I climb on a stage to sing and you end up liking my sound, then I’ve made a satisfied product user out of you.”  Busayo Oladejo, the product manager (PM) at Big Cabal Media, made this statement in the just concluded TC live event, where we

How DigiFemmes plans to extend entry to digital expertise for girls in Côte d’Ivoire

Currently, only about 30% of Africans have access to the internet and digital skills. With the world now being a digital village, this low number translates to low productivity and reduced growth capacity for small businesses in both formal and informal sectors across the continent.  In Cote d’Ivoire, 98% of all registered companies are SMEs

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