- The Fellowship will provide the selected startups with direct funding support worth over R1,000,000 in equity-free venture funding, product quality evaluation and certification, intensive skills development, coaching and mentorship, bespoke market research, and market access.
- Despite being released in 2022, the Infinix Note 12 is still making waves in the industry. In this article, we explore some of the key features and benefits of the Infinix Note 12, taking a closer look at why it's still in high demand.
- With various ecosystem growth-enabling initiatives underway, including a startup act, South Africa seems poised to retake its position as Africa’s tech capital over the next few years.
- In South Africa, according to the National Cancer Registry, one in 26 women are at risk of developing breast cancer, with 16% of all cancer deaths attributed to it.
- According to the company, the investments will contribute towards positioning South Africa as an attractive investment destination and enable greater inclusion of all South Africans consistent with Cassava's vision of a digitally connected future that leaves no African behind.
- If you're in the market for affordable smartphones that still deliver key features, the Infinix Smart 5, 6, and 7 are definitely worth considering. Here are some key reasons you'll like these phones.
- OPay has been in Nigeria for less than 5 years and in that time, several of its former staff have already created seven startups in the Nigerian tech ecosystem. Read how they did it.
- Amazon is aiming to invest $1.8 billion in South Africa by 2029. The investment will be made towards cloud infrastructure in the region. The company estimates a $2.5 billion investment in the region between 2018–2029.
More in #TCDaily.
- Bester used Facebook to lure women to assault them, and he also used Twitter, as well as access to internet services to run a well-coordinated scam right from his cell in a maximum security prison.
- Lazerpay, a web3 and crypto payment company, is shutting down. The shutdown comes months after the startup’s founder, Njoku Emmanuel, shared that the company was having trouble raising money. According to a statement shared by the founder Njoku Emmanuel on Twitter, the company has been struggling…
- FarmTrace, an agtech startup that provides a cloud-based farm management solution, has announced its latest undisclosed funding The startup says the equity investment will be funnelled into the company’s growth and improved customer experience.
- With the solution to Eskom’s issues nowhere in sight after 15 years, it seems like instead of dying with the national grid, South Africa’s EV mobility sector is keeping its feet on the ground and persevering despite the unfriendly operating environment.
- TechCabal had a conversation with Tunji Andrews, the founder and CEO of Awabah, on the complexities of building a financial product and how important their product is in ensuring that Nigerians are not locked out of the cashless society.
- EBANX, an international payments fintech company, has announced a director for its market development in Africa. The new director, Wiza Jalakasi, was previously a vice president at Chipper Cash and has over 13 years of experience building tech startups in the B2B and B2C spaces.
- Nigeria and Cameroon-based healthtech startup Healthlane is charting another path for itself. On Tuesday, after months of silence, the startup informed stakeholders and community members that it had changed its business model.
More in #TCDaily.
- Following its six-month operational pause, Healthlane is changing its business model and discontinuing usage of its on-site laboratories. The company is seeking to reinvent itself after a phase of operational struggles and allegations against its founder.
- OurPass, a former one-click checkout startup, has pivoted to business banking services to businesses and its CEO, Samuel Eze, explains why to TechCabal.
- This edition of #EnteringTech🚀 shares everything you need to get started to become a backend engineer. Backend engineers build the skeletal software of an app or a website, and develop the application programming interface (API) of any software.
- The lack of technical skills in the African labour market has led to a demand and supply mismatch, making it challenging for creators to monetise their audience.
- Fonbnk claims to be on track to generate over $100 million in GMV as part of its unique Web3 on- and off-ramp partnerships across all the leading Sub-Saharan African economies.
- Per Nasdaq, Swvl now has until September 25 to raise the value of its publicly-held shares. Its CFO, Youssef Salem, as well as board members Steve Albrecht and Gbenga Oyebode, have also resigned.
More in #TCDaily.
- Vitol, an oil refining and trading group and Nigeria's sovereign wealth fund have completed a $50 million joint venture that will create the continent's first government-backed carbon market.
- Noel K. Tshiani of Congo Business Network, speaks with Christian Kamwina, founder of Ndonge, in this exclusive interview about his debut into the startup space in Kinshasa.
- The Taifa-1 will be Kenya's first operational satellite after the 1KUNS-PF, a nanosatellite the country launched in 2018. The satellite will be launched aboard the SpaceX Falcon 9 rocket from the Vandenberg Space Force Base in California.
More in #TCDaily.
- Last week, Google announced plans to restrict loan apps on its Play Store from accessing sensitive user data such as photos, videos, and contacts. The plans take effect on May 31.
More in #TCDaily.
- Flutterwave has denied losing customer funds through a second and third hack that reportedly happened on March 1 and 14, 2023. Evidence suggests that the hackers transferred money from Flutterwave accounts to buy crypto on Binance.
- With borrowing costs set to rise in an era of high global interest rates, where does that leave African startups that raised debt funding?
@mroladunmade for TechCabal
- Cloud computing refers to a new way of delivering computing resources such as servers, storage, databases, networking, software, and analytics over the internet. We discuss more in this article.
- Of this number, about 119 including Renmoney and FairMoney, hold full approvals; and 54, including Soko Lending, hold conditional approvals.
More in #TCDaily.
- Google has announced plans to restrict loan apps on its Play Store from accessing sensitive user data such as photos, videos, and contacts. The update, which was pushed to the Personal Loans Policy yesterday, will take effect from May 31st.
- On Friday, March 31, Botswana’s leading mobile network operator by subscriber base, Mascom, announced that it was launching a short-term loan product through its mobile money entity, MyZaka. Called MyZaka Instant Loan, the offering will allow customers access to loans starting at P50 (~$4) to as…
- Although the figures showed an improvement in penetration rates in most of the countries in the southern Africa region, there remains much work to be done to bring the majority of the populations into the digital economy.
- In today's digital age, cybersecurity has become one of the most important tech careers. Here, we explore the path to a career in cybersecurity, including the skills, education, and certifications required.
- Weeks after $6.3 million was allegedly stolen from Flutterwave in a system hack, sources claim the fintech has suffered two more hacks where culprits illegally transferred $1.2 million from its accounts. The fintech denies the hacks.
More in #TCDaily.
- The FCCPC has authorised 173 digital lenders to operate in Nigeria, an increase from the 106 players the commission announced earlier in January. The complete list includes 119 lenders who have received the full approval, and about 54 lenders who received “conditional approval
- In by three sources who shared several pieces of evidence, fintech unicorn, Flutterwave, was likely breached a second and third time on March 1 and 14, 2023. The sources alleged that, much like the first incident on February 5, the perpetrators used monies fraudulently obtained from Flutterwave…
- There is more than meets the eye in the reality TV show Lions' Den. It's fun to watch entrepreneurs pitch for millions of naira in investments on the show, but have you ever wondered what happens when the cameras stop rolling?
- Despite biting inflation and soaring transportation costs, Ghana's agency responsible for licensing drivers and vehicles will collect GH¢1 for every trip completed on Uber, Bolt, Yango, inDriver and other ride-hailing apps.
- According to recent statistics, the Africa data centre market size is expected to cross $3 billion by 2025, growing at a compound annual growth rate of over 12%.
- Paxful, a global Bitcoin marketplace with strong roots in Africa, is shutting down operations and returning funds to users. CEO Ray Youssef cited mass staff exits and increasing regulatory issues as reasons for the company’s closure.
- With the growing demand for AI applications, the industry is expanding rapidly, making it an exciting career option for those interested in cutting-edge technology. Read more here:
- While other YCombinator alumni from the region like JABU Logistics and GlobeDX have gone on to achieve relative success, others like Passerine Aircraft and Union54 have not been so lucky.
- The Taifa-1 will be Kenya's first operational satellite after the 1KUNS-PF, a nanosatellite the country launched in 2018. The satellite, which cost Ksh50 million ($375,000), was developed by Kenyan engineers in two years.
More in #TCDaily.
- Spiro, a company that designs vehicles and smart batteries, has partnered with the Ugandan government to deploy over 140,000 electric two-wheelers and 3,000 charge-and-swap stations across the country.
- In this opinion editorial for TechCabal, Noel K. Tshiani,(@NoelTshiani) founder of Congo Business Network, shares his views on the top 5 benefits of fintech for African countries and economies.
