- Access HoldCo, the parent company of Access Bank, Nigeria's largest lender by assets, is in the final stages of receiving regulatory approval to acquire ARM Pensions
- In today's edition: Mafab to launch 5G later this year || Nigerian agencies to spend $9.6 million on software || Sama’s head is in the clouds || Netflix records $8.8 billion in revenue
- Nigeria’s Central Bank governor Olayemi Cardoso, expects headline inflation to decline to 21.4% in 2024 as the apex bank prepares for its first rate-setting meeting since July 2023.
- While 105 companies applied for the CASP license, only 50 applications were presented to the licensing committee in December. 20 companies also pulled their applications.
- JAMB registration can sometimes be a hassle, with common issues like password, NIN, profile code & OTP problems. Here are ways to solve most of them:
- In response to growing fraud incidents that have caused billions in losses, Nigerian banks and fintech companies are in talks for an industry collaboration to fight fraud, one high-ranking person at a Nigerian bank told TechCabal.
- Last year, Selar paid out made more than ₦4 billion ($4.4 million) to African creators—twice what they paid out in 2022. Its CEO talks to TechCabal on how they did it.
- Ochai already believes in the core purpose and direction the previous leadership at CcHub had established.
“There won’t be a dramatic shift in how the company runs,” she shared over a call on a Friday afternoon.
- From a low base and with very little fuss, the DRC’s startup ecosystem star has begun to shine, propelled by the vibrancy of its fintech and energy sectors.
- AltSchool Africa, the Nigerian edtech startup that styles itself as the African version of the US coding bootcamp BloomTech, has set up shop in Kenya, its second biggest market by revenue. Adewale Yusuf, the company’s founder, confirmed the news to TechCabal.
- Starting January 2025, Netflix will be the exclusive home of WWE’s Monday night wrestling show, Raw, which is watched by over 15 million fans worldwide. More about this $5 billion deal in #TCDaily.
- The DND feature on Nigerian mobile networks helps you avoid unwanted promotional messages. See how to activate & deactivate the feature on your network:
- Three company sources said both parties agreed to ask Google to cancel the contract after Twiga’s new management team and Incentro Africa completed negotiations.
- At least two crypto startups have applied for licenses from Nigeria’s Security Exchange Commission (SEC) since the central bank lifted its 2-year ban on crypto-related bank accounts, sources close to the exchange tell TechCabal.
techcabal.com/2024/01/22/exclusive-two-crypto-startups-have-applied-…
- Kenyans are voicing their concerns online, criticizing Safaricom for the lack of clear communication about M-PESA's outage and the inconvenience it's causing.
- In today's edition: SafeBoda to return to Kenya || Zilla pivots to cross-border payments || Interswitch and OPay partner up || Zambia moves to upgrade its towers || Musk says Tesla isn't coming to SA
- Zilla, the Buy-Now-Pay-Later company founded in 2019, has paused its BNPL services and is now focusing on a cross-border payment product, Zillawire, after struggling to convince customers to use the service
- There needs to be additional support beyond funding that makes it easier for people to build profitable and sustainable businesses. So yes, women are underfunded, but there is still room for mentorship.
- In today's edition: Angola’s apex bank escapes hack || Kenya warns Airtel and Telkom || Telecom Egypt to launch 5G in three months || Nigeria to hold first rate meeting in February
- Nigeria's Central Bank has bowed to pressure and is scheduling its first rate hike meeting for the year for February 26-27 2024. It will be the first rate meeting since July 2023.
- An optimistic way to think of 2023 is to consider it a seminal year for stakeholders in the African tech ecosystem. On the one hand, the global economic climate made it a challenging year for fundraising, especially among African startups that recorded an unprecedented 36% decline in funding from…
- In today's edition: Amazon Prime is scaling back its Africa operations || A $1 billion UNDP fund || Globacom gets an extra 21 days to pay interconnect fees || Egypt leaps into 5G || Openview attacks DStv’s monopoly.
- “From a cost perspective, the masses are expensive to serve,” argues Uzoma Dozie, Sparkle’s CEO. “You have to think of how much it costs to acquire customers."
- Many MTN customers have recently received SMS from MTN to link their NIN to their lines or risk getting blocked from call & data services. Here's how to check your NIN link status or link your MTN line without visiting a physical office.
- CVs are personalised sales pitches, and in many cases, they're the first impression your future colleagues might have of you.
In this edition of #EnteringTech🚀, you can learn how to sell yourself on paper with these five tips on writing stellar CVs.
- Globacom, one of Nigeria’s major telcos, has been granted a further 21-day grace period to resolve and pay the interconnect fees — an amount charged by telco for calls terminating on their network — it owes MTN, one day after the telecoms regulator’s planned to begin a phased disconnection.
- In today's edition: Patricia set to repay customers within 2–5 years || Iyin Aboyeji launches “YC of Africa” || Access Bank takes another stab at digital lending || Unpacking Samung's S24 || OpenAI says no to politics.
- Access Corporation is launching Oxygen X, a consumer lending subsidiary to provide digital lending solutions to a wider spectrum of individuals than its own banking customers. Oxygen is not entirely a new product for Access Corporation, having originally been named Quickbucks with 2.6 rating on…
- Iyin Aboyeji's new big idea is to build the YC of Africa.
techcabal.com/2024/01/17/aboyeji-and-koschitzky-kimani-the-yc-of-africa/
He and Mia von Koschitzky-Kimani have cofounded an accelerator for impressive founders who would have gotten into YC but can’t because YC is closing its doors to…
- Isaac Sesi's GrainMate device is helping farmers and anyone in the grain value chain to easily measure the moisture content in their grain before storage or processing.
- In today’s edition: TymeBank achieves profitability in fifth year ||
General Atlnatis acquires Actis || Vodafone and Microsoft forge $1.5 billion partnership.
- Vodafone, the third-largest mobile network operator in the United Kingdom, has signed a $1.5 billion deal with Microsoft to develop new digital and financial services for SMEs across Europe and Africa over the next decade.
- Ten African startups looking to raise between $500,000 to $15 million will pitch to investors and industry experts at the Africa Tech Summit in Nairobi on February 14th and 15th.
- Canza Finance, a Web3 neobank enabling cross-border payments for African startups, has closed a $2.3 million strategic round. The company will use the funding round to acquire licenses from diverse financial regulators across Africa and build the foundation for its innovative FX DeFi platform, Baki.
- General Atlantic, the New York-based growth equity firm with $83 billion in assets under management (AUM), has agreed to acquire Actis, a London-based energy infrastructure investor with investments in Africa, to deepen its investment in sustainable infrastructure.