November 8, 2024
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Brass claims our protection took its statements out of context. Right here’s our response
Technology

Brass claims our protection took its statements out of context. Right here’s our response

On Monday afternoon, TechCabal published a story about Brass, a Nigerian fintech that provides business banking to small businesses. Our reporting, which has now been called into question by the company’s founder, was based on…

Bolt launches in Cairo and undercuts Uber with 15% fee
Technology

Bolt launches in Cairo and undercuts Uber with 15% fee

Bolt, the global ride-hailing company, has launched in Cairo and will compete with Uber, InDriver and Careem in its second foray into North Africa after expanding to Tunis in 2019.  The Estonian ride-hailing giant will…

Tips on how to apply for JAMB DE 2024 and resolve profile code points
Technology

Tips on how to apply for JAMB DE 2024 and resolve profile code points

Here’s a concise yet comprehensive guide for individuals seeking to apply for JAMB Direct Entry (DE) 2024, which commenced on February 28, 2024. It outlines the step-by-step process, essential considerations, and payment methods, providing aspiring…

Nigerian fintech Brass blames funding winter for buyer withdrawal delays
Technology

Nigerian fintech Brass blames funding winter for buyer withdrawal delays

Brass, a Nigerian fintech startup that provides business banking services to small business owners, has blamed persistent withdrawal delays on the funding environment and an increase in its number of customers.  “The funding winter and…

Unique: Bilha Ndirangu sues IFC-backed Africa’s Speaking over elimination as director
Technology

Unique: Bilha Ndirangu sues IFC-backed Africa’s Speaking over elimination as director

Bilha Ndirangu, a former director of the IFC-backed Africa’s Talking, is suing the company she cofounded for unlawful termination of her appointment seven months after she accused senior company officials of misconduct. Ndirangu told a…

Why Malawi’s nascent tech ecosystem is ripe for progress
Technology

Why Malawi’s nascent tech ecosystem is ripe for progress

Malawi is not exactly famous for its vibrant tech ecosystem as a result of several factors. The country has an internet penetration rate of only 24% in a population of 20 million people, a virtually…

CBN revokes 4,173 BDC operator licenses one week after new pointers
Technology

CBN revokes 4,173 BDC operator licenses one week after new pointers

Nigeria’s Central Bank has revoked the license of more than 4,000 Bureau De Change operators (BDCs) weeks after sharing important rule changes for their operations.  The affected operators failed to pay necessary fees, render returns…

Zoho maintains native foreign money funds over greenback in Kenya and Nigeria as inflation rises
Technology

Zoho maintains native foreign money funds over greenback in Kenya and Nigeria as inflation rises

For now, Zoho will continue charging customers in local currency in Nigeria and Kenya amidst surging inflation. Zoho, the Indian cloud company that began expanding to Africa in 2019, will continue charging its African customers…

How 2Africa Subsea Cable touchdown in Nigeria can propel regional ecosystem progress
Technology

How 2Africa Subsea Cable touchdown in Nigeria can propel regional ecosystem progress

This article was contributed to TechCabal by Uche Aniche. 2Africa project is a Subsea Cable connecting three continents and about 33 countries in Africa, including Nigeria. At 45,000km, it is the world’s longest submarine cable…

inDrive introduces fee cost in Botswana as Bolt arrives
Technology

inDrive introduces fee cost in Botswana as Bolt arrives

inDrive, the California-headquartered ride-hailing app, which launched in Botswana in 2019, has introduced a 10% commission charge for drivers in Botswana, effective from February 28. The introduction coincides with the launch of Bolt in the…

Nigeria fines Binance $10bn amidst investigation of crypto change
Technology

Nigeria fines Binance $10bn amidst investigation of crypto change

Nigerian authorities have imposed a $10 billion fine on Binance, the global crypto exchange at the center of a crypto crackdown in the country, a presidential aide told the BBC on Friday morning. Authorities have…

MTN Nigeria experiences ₦137 billion loss in FY 2023 as Naira devaluation shrinks margins
Technology

MTN Nigeria experiences ₦137 billion loss in FY 2023 as Naira devaluation shrinks margins

MTN Nigeria reported a loss for the full year 2023, its first in three years, after a Naira devaluation and rising cost of doing business ate into its margins. The telco reported a loss after…