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Kenya’s AI and robotics invoice proposes a $6,250 tremendous for unregistered entities

Kenya’s AI and robotics invoice proposes a $6,250 tremendous for unregistered entities

Per experts, the proposed AI and robotics law is an avenue for the Kenyan government to introduce more taxes to the people.  The Kenya Robotics and Artificial Intelligence Society Bill 2023 seeks to introduce fines…

Leatherback CEO Ibrahim Ibitade desires to maneuver on after EFCC debacle

Leatherback CEO Ibrahim Ibitade desires to maneuver on after EFCC debacle

Ibrahim Ibitade, the CEO of Leatherback, a cross-border payments startup that operates in seven countries, is ready to move from a dramatic episode with the EFCC after the agency declared him wanted three months ago…

MultiChoice reaches $37 million tax settlement with Nigeria tax authorities

MultiChoice reaches $37 million tax settlement with Nigeria tax authorities

Pan-African broadcaster MultiChoice has paid $37 million to Nigeria tax authorities for tax charges brought forward in 2021. MultiChoice will pay ₦35 billion (~$37 million) to Nigeria’s Federal Inland Revenue Services (FIRS) to settle a…

Nigeria’s telecom trade faces bleak 2024 with FX scarcity, diesel costs surge

Nigeria’s telecom trade faces bleak 2024 with FX scarcity, diesel costs surge

Operators in Nigeria’s telecoms industry are bracing for a bleak year, with a scarcity of the greenback, rising diesel prices, and naira devaluation, putting pressure on operating margins.  If the naira continues its downward spiral,…

Vodacom to attraction ruling to pay $1 billion to ex-employee

Vodacom to attraction ruling to pay $1 billion to ex-employee

Vodacom, South Africa’s largest mobile network operator by subscriber base, will appeal a Supreme Court of Appeal ruling mandating it to pay Kenneth Makate, a former employee, R20 billion (~$1 billion) for inventing the popular…

Google and Oracle ramp up cloud in Africa to faucet fast-growing e-Conomy

Google and Oracle ramp up cloud in Africa to faucet fast-growing e-Conomy

This article was contributed to TechCabal by Seth Onyango via bird story agency . Cloud-native startups in Africa are luring big tech firms to ramp up spending on cloud facilities as demand for cloud services…

From zero to N15 Trillion in transactions: Hydrogen’s plans for Nigeria’s bustling funds house

From zero to N15 Trillion in transactions: Hydrogen’s plans for Nigeria’s bustling funds house

Imagine Africa’s payments industry as a car. There’s the flashy exterior, but it’s the engine that makes it all work. Hydrogen, a payments company launched by Access Corporation, the holding company of one of Nigeria’s…

Unique: Ghanaian expertise startup Remoteli raises £250,000 from footballer Jeremie Frimpong

Unique: Ghanaian expertise startup Remoteli raises £250,000 from footballer Jeremie Frimpong

Remoteli, a Ghana-based tech talent startup that connects African tech talents with remote workplace services, has raised £250,000 ($314,824) in pre-seed funding to scale operations and expand across Africa. The funding round was led by…

Unique: MTN, Globacom strike deal to settle ₦2 billion interconnection charge debt

Unique: MTN, Globacom strike deal to settle ₦2 billion interconnection charge debt

MTN Nigeria and Globacom (Glo), two of Nigeria’s leading telcos, have ended a 15-year-long dispute over interconnection fees after MTN agreed to accept ₦2 billion to settle the interest payment instead of the ₦3 billion…

Unique: CBN targets six months for recertification of PoS terminals to struggle fraud

Unique: CBN targets six months for recertification of PoS terminals to struggle fraud

The Central Bank of Nigeria (CBN) plans to recertify all active POS terminals across the country, two sources familiar with the conversation told TechCabal. Part of that process will include an update to issuing terminal…

Subsequent Wave: The case for native automobile manufacturing in asset financing

Subsequent Wave: The case for native automobile manufacturing in asset financing

Asset financing was meant to help the mobility sector progress, but it has encountered a few problems. Could local manufacturing re-balance the model? Owning a car should never have to be a luxury, especially if…

“An exit is an exit”: Three issues we discovered from the State of Tech in Africa report launch

“An exit is an exit”: Three issues we discovered from the State of Tech in Africa report launch

On Friday, January 26, TechCabal Insights released its much anticipated State of Tech in Africa Report for Q4, 2023. The report shed light on the realities of funding in 2023 with insights on how investors…