27 October 2023
- In 2022, investors in South African venture capital saw $17 million in returns from exits, achieving a 3x return. However, the number of deals incurring losses still exceeded those yielding returns. According to the Southern Africa Venture Capital…
27 October 2023
- Afreximbank's PAPSS, endorsed by Caribbean Central Banks, bolsters cross-border trade, streamlining payments for economic integration.
27 October 2023
- The Digital Nigeria Conference, spearheaded by the National Information Technology Development Agency (NITDA), kicked off its 2023 edition in Abuja on Tuesday. The focus of the event’s opening day was primarily on how Nigeria can leverage emerging…
27 October 2023
- The South African mobility startup WhereIsMyTransport is ceasing its operations due to difficulties in securing additional funding. Established by Devin De Fries in 2016, the company successfully secured over $27 million in investments and employed…
27 October 2023
- The current prolonged downturn in the cryptocurrency market has negatively impacted numerous crypto startups, even those with significant funding. Many of these startups are now facing the tough decision to downsize or cease operations altogether…
27 October 2023
- In the world of professional sports, precision and optimization are paramount. Athletes are constantly seeking innovative methods to enhance their performance on the field, ice, or court. In the realm of NHL hockey, a new frontier has emerged: the…
27 October 2023
- The excitement of college football season is a force that brings fans together, igniting their passion for the game and creating an atmosphere of camaraderie and competition. But what if you could take that excitement a step further and turn your…
27 October 2023
- In the dynamic realm of sports betting, where anticipation and strategy intertwine, a distinctive approach has gained momentum—halftime betting in NFL games. This intriguing facet of wagering adds a new layer of excitement to your football…
27 October 2023
- Ugandan traders are threatening to sue the Uganda Communications Commission (UCC) for losses accrued over the country's two-year Facebook ban. The traders say they have lost 2.9 billion potential clients worldwide.
More in #TCDaily.
27 October 2023
- Following the resignation of Ezra Chiloba, the search for a new Director General (DG) has commenced. Currently, Chris Wambua holds the position in an acting capacity, but the ICT regulator is looking for a permanent solution. To recap Chiloba was…
27 October 2023
- The Africa Tech Festival, has announced the top ten finalists of the AfricaIgnite Pitch Competition who will battle it out to win the opportunity to represent the African continent in the Startup World Cup on 1 December this year. The AfricaIgnite…
27 October 2023
- Samsung Electronics announced that models in its 2023 Neo QLED and QLED lineup have earned the Low Vision Care certification from TÜV Rheinland. This certification is awarded to products that adhere to standards designed to assist viewers affected…
27 October 2023
- In Nigeria, only 35% of women have access to financial services compared to 48% of men. However, fintech startup HerVest is driving financial inclusion for female farmers who remain largely unbanked. HerVest provides a peer-to-peer lending platform…
27 October 2023
- Clean energy company Husk Power Systems has secured $103 million in a Series D round, including $43 million in equity and $60 million in debt financing. The company will use the funds to accelerate the deployment of solar mini-grids providing…
27 October 2023
- Impact investment firm LeapFrog Investments plans to raise $1 billion for a new fund to back financial services and healthcare companies in emerging markets like Africa. The new Emerging Consumer Fund IV has already secured commitments from major…
27 October 2023
- Kenyan conversational commerce startup Sukhiba Connect aims to power seamless buying and selling through WhatsApp as social commerce booms across Africa. The continent’s social commerce market is rapidly expanding as businesses leverage platforms…
27 October 2023
- Nigerian fintech startup Vella Finance is ceasing all cryptocurrency services to become a digital bank for small and medium-sized enterprises (SMEs). In an email on Monday, Vella announced it will shut down its crypto trading, deposits, wallets and…
26 October 2023
- The rapid rise of cryptocurrencies has reshaped the financial landscape, fundamentally altering our perspectives on currency, transactions, and technological innovation. In an increasingly digitized global environment, the importance of…
26 October 2023
- On the second day of the NITDA Digital Conference, Kashifu Abdullahi, the DG of NITDA, shared the tech ministry’s strategy for collaborating with the private sector as investors asked for logical valuations and more local involvement in Nigeria's VC…
26 October 2023
- SA startup WhereIsMyTransport is shutting down, cites lack of funds
By Ephraim Modise
Link: techcabal.com/2023/10/26/whereismytransport-shutting-down/
26 October 2023
- These updated payment dates for October 2023 are part of SASSA's efforts to provide reliability in their services for the R350 SRD payment. Read to see the dates now:
26 October 2023
- Day 2 of the Nigerian Fintech Week 2023 featured discussions around how failure has driven innovation in the Nigerian fintech ecosystem.
26 October 2023
- During its annual iPhone launch event last September, Apple announced the new iPhone 15 series with a USB-C model for the first time ever.After sticking with the same charging port for eleven years, the tech giant replaced the Lightning port with…
26 October 2023
- In a move that could have a significant impact on the transportation industry, Isuzu and Toyota have teamed up through a joint venture to mass produce a light hydrogen fuel cell truck. The truck, which is based on Isuzu's light-duty truck platform,…
26 October 2023
- Snap, the parent company of photo messaging app Snapchat, delivered an unexpected rise in quarterly revenue and offered a positive outlook for the current quarter, attributing its success to AI-powered ad-targeting enhancements.
26 October 2023
- India is already home to some of the world's most innovative and successful Artificial Intelligence (AI) and Electric Vehicle (EV) startups, and a new fund is sure to fuel further growth in these sectors.Launched by Paytm founder Vijay Shekhar…
26 October 2023
- Safaricom has entered a partnership with Kenya Breweries Limited’s Tusker beer brand to enhance the OktobaFest beer festival in East Africa. “This tech sponsorship, valued at Sh30 million, aims to improve connectivity during OktobaFest, boost sign-…
26 October 2023
- NCBA Group and Visa have unveiled a collaborative effort to introduce an online platform for managing spending and expenses tailored for NCBA’s commercial card clients. This platform, known as Visa Spend Clarity, empowers businesses by providing…
26 October 2023
- The ongoing bear market in the crypto industry globally during this period has cast a shadow over many crypto startups that boast millions in their funding portfolio. Several of these companies have been forced to either scale back or shutter…
26 October 2023
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26 October 2023
- Lanklocked Malawi, located in southeastern Africa is home to rich, arable land and a subtropical climate suitable for farming. This makes the environment especially attractive for farming. Over 80% of the population is employed in agriculture, and…
26 October 2023
- YouTube Music is revolutionizing the way over 2 billion users around the world experience music by introducing a slew of new features designed to make music discovery, personalization, and community engagement more enjoyable than ever. In an…
26 October 2023
- Google introduced Android 14 with new exciting features, particularly flowing first to Pixel phones. For customizing personalization, the AI wallpaper feature was introduced with the OS upgrade. With the AI wallpaper, you can use various words to…
26 October 2023
- Recent shutdowns of well-funded African startups like Ghana’s Dash fintech have sparked debate on whether unrealistic expectations from venture capitalists contribute to such collapses. Dash raised $86.1 million but suddenly closed shop despite…
26 October 2023
- In a move that seems inspired by Elon Musk's 𝕏 (formerly Twitter), Meta-owned Instagram, is experimenting with a feature that will allow you to see only posts from paid verified users.Adam Mosseri, the Head of Instagram, has revealed…
26 October 2023
- OpenAI is currently in discussions for a potential deal that could value the company at over $80 billion, marking a substantial increase in its worth in less than six months, new reports state. Thrive Capital is reportedly leading a tender offer…
26 October 2023
- Sony Group recently announced a $10 million fund focused on growing Africa’s entertainment tech startups. As a global leader in gaming, music, movies and content distribution, Sony’s investment represents a major opportunity for Nigeria’s burgeoning…
26 October 2023
- Airtel Africa has collaborated with the Rwandan government to introduce the country’s most affordable 4G smartphone as part of the ConnectRwanda initiative. The goal is to provide over one million Rwandans high-speed internet access by 2024. Priced…
26 October 2023
- Infinix is planning to announce the Smart 8 series. The Smart lineup is the company’s most affordable device and the Smart 8 will be the latest smartphone and will succeed the Smart 7 series launched early this year. Infinix Smart 8 comes with 3GB…
26 October 2023
- TECNO is planning to launch the Spark 20 series – its entry-level smartphone lineup to succeed the Spark 10 series launched early this year. The TECNO Spark 20 series will join the TECNO Camon 20 series also launched earlier this year. TECNO Spark…
26 October 2023
- Investing in shares is one of the more direct ways to gain exposure to the stock market and to easily diversify your portfolio. However, one needs to know where to invest in order to achieve inflation beating returns over the long term. Choosing the…
26 October 2023
- South African startup Adbot has partnered with leading Nigerian telecom MTN to bring its AI-powered ad management platform to small businesses in the country. This marks Adbot’s first expansion outside South Africa. Adbot offers automated tools to…
26 October 2023
- A Nigerian company called Possible EVS plans to open electric vehicle assembly plants in the country, with a goal of producing up to 10,000 EVs per year. This aligns with the company’s mission to spearhead electric vehicle adoption in Nigeria. Based…
26 October 2023
- Following the success of the Zero 5G version, Infinix has announced the Zero 30 4G. The Infinix Zero 30 is the company’s flagship series in 2023 and now exists in both the 5G and 4G versions. While it’s 4G, the device is still as premium as its 5G…
26 October 2023
- With a population of more than 200 million people, Nigeria is battling severe power shortages due to age-long transmission, generation, and distribution constraints that have left many households and businesses reliant on fuel and diesel generators.…
26 October 2023
- FNB was named South Africa’s Best Digital Bank in the 12th annual South African SITEisfaction® survey conducted by Human8 (previously known as InSites Consulting and Columinate). FNB was rated highest for innovation, demonstrated by a successful…
26 October 2023
- In response to the ongoing shifts in the macroeconomic environment,, LOOP has announced that it will be raising its short-term lending rates. , LOOP has adjusted their Base Lending Rate to 16.7%, starting from the...
The post LOOP Set to Raise its…
26 October 2023
- Botswana looking to technology to boost diamond industry, says president
By: Ephraim Modise
Link: techcabal.com/2023/10/26/botswana-diamond-industry-tech/
26 October 2023
- As the world places greater emphasis on environmental, social, and governance (ESG) initiatives, IT departments are actively promoting sustainability efforts. According to research from Enterprise Strategy Group, a significant majority (93%) of IT…
26 October 2023
- While cloud services offer powerful computing resources, hasty migrations often neglect essential data infrastructure. Without this foundation, businesses struggle to unlock the full potential of the cloud, including technologies like artificial…
