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iProcure, the Kenyan agritech startup that raised $17.2 million from investors in ten funding rounds, filed for bankruptcy on April 26 after failing to convince existing and new investors to inject more capital into the…
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Alerzo, the B2B e-commerce company backed by Nosara Capital and FJ Labs, laid off at least 70 employees in early February despite raising funds twice in 2023. Two people familiar with the matter said the…
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The stock market reacted positively after Jumia shared its financial results for the first quarter of 2024, with shares of the Africa-focused e-commerce company opening at $6.45 on Wednesday, a 17.92% jump from the $5.47…
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The 2024 Joint Admissions and Matriculation Board (JAMB) exams recently ended and candidates can now check their UTME results. Many students would be looking to undergo change of institution and course largely due to reasons…
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Kenya’s DTB Group, the country’s fifth-largest bank by assets, has restructured its management team as it eyes a bigger share of the East African market. As part of its reorganisation, DTB Kenya CEO Nasim Devji,…
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The Joint Admissions and Matriculation Board (JAMB) has released vital information regarding JAMB results 2024 updates. In a recent post via their official X (formerly Twitter) handle, in response to a candidate’s inquiry, JAMB emphasised…
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Chipper Cash, a pan-African fintech startup, has resumed operations in the US after a two-month pause, and after a restructuring exercise that saw the company remove all US and UK roles, focusing its staff presence…
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Many students interested in pursuing higher education in Nigeria consider the Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) pathways. UTME conversion to DE 2024 allows UTME candidates who meet specific criteria to leverage…
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One month before Tigran Gambrayan, a compliance officer for the global cryptocurrency exchange Binance, was arrested in February, he was asked by Nigerian officials to pay $150 million in crypto, according to a report from…
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Forex traders who trade on the street across major cities in Nigeria went into hiding today after a raid by officials of the Economic and Financial Crimes Commission (EFCC). The raid comes two months after…
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This article was contributed to TechCabal by Ifelade Ayodele. By 2050, a staggering one in four people globally will be African. This demographic surge underscores the pressing need for seamless interconnectivity and transactions within the…
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Nigeria’s 1.9 million PoS agents, a key part of the country’s financial inclusion drive, must now be registered with the Corporate Affairs Commission (CAC) as part of plans to improve transparency and reduce fraud. Before…
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