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At the demo day of the first cohort of Accelerate Africa, the accelerator aiming to be the continent’s version of Y Combinator, several people in the audience laughed when Iyin Aboyeji, a cofounder of the…
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Copia Global, a Kenyan B2C e-commerce platform that allows retailers to shop and restock essential goods using a mobile app or USSD, has stopped taking orders from Central and Eastern Kenya one week after cashflow…
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In business, comparisons and generalizations are common and useful, but sometimes they ignore complexities. So with those generalizations aside, here’s how to think about Sabi, a Norskenn-22-backed startup valued at $300 million in 2023: it’s…
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Despite initial denials of a liquidation process from deposit insurer NDIC, Nigeria’s Central Bank announced the revocation of Heritage Bank’s banking licence for ceasing to “carry on in Nigeria the type of banking business for…
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The Central Bank of Nigeria has revoked the banking licence of Heritage Bank, minutes after a TechCabal report that officials of the Nigeria Deposit Insurance Corporation visited the bank. “In accordance with its mandate to…
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The Nigerian Deposit Insurance Corporation (NDIC) visited several Heritage Bank branches on Monday morning as talks of a distress resolution takeover gather steam. TechCabal identified at least twelve NDIC officials at the Victoria Island, Allen…
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First published 02 June, 2024 Driven by the existential threat of climate change (depending on who you ask) and a growing green economy, political leaders and investors are increasingly in conversation to align on climate-focused…
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The Joint Admissions and Matriculation Board (JAMB) has released a new batch of results for the 2024 UTME. The new number of JAMB results released as of 2nd of JUNE 2024 is 3,921. This brings…
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Taking a sharp turn westwards from Kloof Street onto Darter Road in City Bowl, Cape Town, one’s eyes are immediately met by an expansive three-storey building. From the outside, it looks like an American-style secondary…
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First Bank, a Nigerian bank with a market capitalisation of ₦829 billion has begun legal action to recover “huge sums of money” allegedly diverted by an employee at a head office team in Iganmu, Lagos.…
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Last week, the UK video streaming service Britbox announced that it would shut down in South Africa after three years. The streaming platform joins a host of other international streaming platforms including Acorn TV, Paramount+,…
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The Mastercard Foundation, through its Centre for Innovative Teaching and Learning, is hosting its inaugural edtech conference from July 8–10, 2024. This year, it is being hosted in partnership with the federal government of Nigeria and…
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