November 14, 2024
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Category: Technology

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

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
Technology

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
Technology

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
Technology

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
Technology

“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…

Outsourced and owed: 40 Tingo Cellular contractors laid off regardless of unpaid salaries
Technology

Outsourced and owed: 40 Tingo Cellular contractors laid off regardless of unpaid salaries

Forty contractors who worked for Tingo Mobile, a fintech startup facing fraud charges in the US, have been laid off despite not being paid their salaries in December and January, three of the affected employees…

Senegal shuts down cellular web two days after suspending Presidential elections
Technology

Senegal shuts down cellular web two days after suspending Presidential elections

Senegal temporarily suspended mobile internet on Monday morning, upping the tension in a country often described as one of the continent’s most stable democracies. Monday’s internet suspension, days after President Macky Sall postponed Presidential elections…

Nigeria’s Central Financial institution slashes foreign exchange backlog estimate by $4.8 billion
Technology

Nigeria’s Central Financial institution slashes foreign exchange backlog estimate by $4.8 billion

After months of speculation around Nigeria’s FX backlog, Nigeria’s Central Bank Chief has said the country’s “valid forex backlogs” stand at $2.2 billion. The CBN arrived at the figure after subjecting the initial claims of…

MultiChoice expectedly turns down $2.5 billion provide from Canal+
Technology

MultiChoice expectedly turns down $2.5 billion provide from Canal+

MultiChoice, the pan-African broadcaster with a market capitalisation of $2.15 billion, has expectedly turned down a non-binding acquisition offer by Canal+, the Vivendi-owned pay-TV company. MultiChoice told shareholders it would not entertain the offer of…

African startups raised $83 million in January 2024
Technology

African startups raised $83 million in January 2024

African startups got off to a sluggish start in 2024, raising just $83 million across 31 disclosed deals in January, according to data from Africa: The Big Deal. This marks a steep decline from the…

Safaricom stops M-PESA transfers to unregistered customers
Technology

Safaricom stops M-PESA transfers to unregistered customers

Safaricom, Kenya’s leading telco, will no longer allow customers to send money to unregistered individuals on M-PESA, its mobile money service. The move will also affect unregistered mobile money users on Airtel Money and T-Kash. T-Kash…

Unique: Fintech large Flutterwave secures launch of $3 million in Kenya
Technology

Unique: Fintech large Flutterwave secures launch of $3 million in Kenya

A Kenyan high court has unfrozen $3 million belonging to fintech giant Flutterwave and two of its associates, ending a legal wrangle that began in 2022, TechCabal has confirmed. The funds continued to be withheld…