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Nigerian authorities have asked Kenya to arrest and extradite Nadeem Anjarwalla, the Binance executive who escaped detention on March 25 after being charged with tax evasion, per the Daily Post. A detective with the Directorate…
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Tingo Group, an agri-fintech company sued by the SEC in December 2023 for fabricating its financial statements, furloughed nearly all its full-time employees in March 2024. The furlough, which affected at least fifty employees, came…
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First Published 14 April, 2024 Nigeria still has structural challenges holding it back from winning in AI. But all hope is not lost yet. Artificial intelligence (AI) is expected to add $15 trillion to global…
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Wema Bank, a Nigerian tier-2 bank that holds ₦1.8 trillion ($1.6 billion) in consumer deposits, reported ₦685 million ($594,943) in fraud and forgery losses in 2023, highlighting the scale of fraud in Nigeria’s financial services…
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Headline inflation in Nigeria accelerated to 33.2% in March, defying analysts’ estimates of a marginal increase. Those estimates were based on the strong performance of the naira, which became the world’s best-performing currency in April. …
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This article was contributed to TechCabal by Sylvia Brune. In the last decade or more, it has been said that mobile penetration and increased internet access will usher in economic growth in Africa. But does…
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Until August 2023, *Bayo Samuel worked as a product designer at a Lagos-based edtech startup. However, a failure to raise fresh funding forced the company to lay off several employees to reduce operational costs. Samuel…
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Incentro Africa, a Kenyan reseller of Google Workspace and cloud services with operations in Rwanda and South Africa, did not lay off employees at the beginning of 2024, TechCabal has learned. Chatter from industry insiders…
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2023 was a tough year for the private capital space in Africa, as factors like inflation and currency depreciation, among others, made business incredibly difficult across the continent. Local currencies like the Kenyan shilling and…
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Guaranty Trust Holding Company, the parent company of GTBank, Nigeria’s 5th biggest bank by assets, will seek shareholder approval to raise $750 million in additional capital weeks after the Central Bank raised minimum capital requirements…
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Our home for research and data on Africa’s digital economy is getting a new look. For about half a decade, TechCabal Insights has been at the heart of redefining African tech with a mission to…
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The Government Human Resource Information System (GHRIS) provides a convenient way for Kenyan government employees to access their payslips online. If you’re looking to download your GHRIS payslip for 2024, follow these simple steps: 1.…
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