November 8, 2024
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Category: Technology

Baobab Community acquires Reflector to assist portfolio firms’ advertising and marketing efforts
Technology

Baobab Community acquires Reflector to assist portfolio firms’ advertising and marketing efforts

Baobab Network, the Nairobi-based early-stage investment firm that has pledged to invest in over 1,000 African startups by 2033, has acquired South African strategy and branding agency Reflector Marketing. The financial details of the transaction…

Who calls the photographs on the Tiger World-backed Bamboo?
Technology

Who calls the photographs on the Tiger World-backed Bamboo?

Bamboo is a Tiger Global-backed Nigerian investment startup that enables users to buy and trade US stocks in real-time from their mobile phones or computers. The startup also facilitates investments in ETFs, mutual funds, or…

Breaking: YC selects Kenyan fintech startup, Triply as its newest African choose
Technology

Breaking: YC selects Kenyan fintech startup, Triply as its newest African choose

Triply, a Kenyan fintech that helps travel businesses collect payments has been selected for Y Combinator’s winter 2024 batch. Triply is the latest African startup in the cohort after Cleva, the cross-border payment service, and…

Nigerian fintech, Thepeer shuts down
Technology

Nigerian fintech, Thepeer shuts down

Thepeer, a Nigeria-based API startup that raised a $2.1 million seed round in June 2022, has shuttered its business and will return its remaining capital to investors after failing to scale, the company said in…

Subsequent Wave: Knowledge overtaking calls isn’t a foul factor
Technology

Subsequent Wave: Knowledge overtaking calls isn’t a foul factor

For nearly a decade, mobile data has been in a race to dominate traditional voice calls. It began demonstrating this potential in 2013 when Nigerian telcos saw a 30% decline in revenue from international calls…

Uganda’s core inflation falls to three.3%, beneath the central financial institution’s goal of 5%
Technology

Uganda’s core inflation falls to three.3%, beneath the central financial institution’s goal of 5%

Uganda’s annual inflation rate for March 2024 fell slightly to 3.3%, down from 3.4% in February 2024. This remains below the Bank of Uganda’s (BoU) target of less than 5%. The development comes after the…

Kenya’s March inflation drops to five.7% as KES good points in opposition to the US greenback
Technology

Kenya’s March inflation drops to five.7% as KES good points in opposition to the US greenback

Kenya’s overall year-on-year inflation rate dropped to 5.7% in March 2024, a slight fall from February’s rate of 6.3%, per data seen by TechCabal.   Between March 2023 and March 2024, Kenya recorded increased costs in…

From viral movies to large bucks: How Nigerian skit-makers generate income
Technology

From viral movies to large bucks: How Nigerian skit-makers generate income

In 2023, Ali Baba, one of Nigeria’s veteran comedians, nearly broke the internet when he shared that popular Nigerian skit-maker, Mark Angel earned over $300,000 monthly from his YouTube videos. The 32-year-old creator, became an…

Hyperlink NIN or BVN to First Financial institution, Constancy, Opay & different banks 2024
Technology

Hyperlink NIN or BVN to First Financial institution, Constancy, Opay & different banks 2024

Linking your National Identification Number (NIN) to your Bank Verification Number (BVN) has become crucial for continued access to your bank account. Here’s a guide on how to link NIN or BVN to First Bank,…

New SASSA SRD April cost dates and procedures 2024
Technology

New SASSA SRD April cost dates and procedures 2024

Like the SRD, the South African Social Security Agency (SASSA) has unveiled the payment schedule for various grants in April 2024. Beneficiaries can expect their funds to be deposited according to the following breakdown: Senior…

Entry Holdings to boost $1.8bn forward of Nigerian banks’ recapitalisation
Technology

Entry Holdings to boost $1.8bn forward of Nigerian banks’ recapitalisation

Access Holdings the parent company of Nigeria’s largest bank by asset base, Access Bank, plans to raise $1.5 billion (₦2.09 trillion) through a bond or share sale and a further $287 million (₦399.9 billion) from…

Who calls the photographs at women-focused startup Herconomy?
Technology

Who calls the photographs at women-focused startup Herconomy?

Since its founding in 2021, Herconomy claims to have amassed over 10,000 active users. The startup is not just a female-led fintech but also a community initiative. Ife Durosinmi-Etti, an author and a 2016 recipient…