President Tinubu announces ₦125 billion fund for micro and small businesses
In a nationwide broadcast on Monday evening, President Bola Tinubu announced a ₦75 billion to fund MSMEs. ₦125 billion has also been earmarked to support the informal sector. President Bola Tinubu has announced a plan to support small businesses and startups in Nigeria in response to the country’s current economic challenges. In a nationwide broadcast […]
Read MoreKenyans are scanning their irises in exchange for Worldcoin tokens
Sam Altman’s creepy vision of an iris-scanning ‘Global Digital Currency’ is gaining popularity in Kenya. Kenyans are queuing in shopping malls to scan their iris in exchange for Worldcoin tokens worth 7700 Kenyan Shillings. And crypto firms in Kenya are riding on the coattails of Worldcoin’s popularity to help participants change their free tokens to […]
Read MoreSA’s competition commission cracks down on dominant online platforms
South Africa’s competition commission has released a report outlining the findings of an investigation into competitive practices of some leading online platforms and remedial actions to those practices it deemed as anti-competitive. South Africa’s competition commission has released its Online Intermediation Platforms Market Inquiry (OIPMI) final report [pdf]. The report is a culmination of almost […]
Read MoreBolt pulls ₦6,000 daily bonus for drivers ahead of impending strike action in Lagos
Bolt reportedly rescinded a ₦6,000 daily bonus introduced in June as drivers prepare for another strike over costs. At least two drivers from the Amalgamated Union of App-based Transport Workers of Nigeria (AUATWON) told TechCabal that Bolt has discontinued a ₦6,000 daily bonus introduced in June. The bonus was added in June after drivers went […]
Read MoreSenegal’s government suspends internet again to “prevent disturbances”
The government has shut down Senegal’s internet again after an internet shutdown in June and the awarding of a 5G licence two weeks ago, following Friday’s arrest of opposition leader, Ousmane Sonko. Citing a need to prevent disturbances to public order, Senegal’s government has shut down the internet. In a statement signed by Moussa Bocar […]
Read MoreOlu Akanmu steps down as Opay Nigeria boss after two years
Olu Akanmu announced on Monday morning that he is stepping down as the president and co-CEO of Opay Nigeria after two years. It remains to be seen what his next steps will be. Olu Akanmu has stepped down from his role as the president and co-CEO of OPay Nigeria, according to a statement published on […]
Read MoreNext Wave: Kenya has an opportunity to provide regional leadership
Cet article est aussi disponible en français <!– In partnership with –> First published 30 July 2023 How many cities on earth have natural forest reserves occupying almost a quarter of the city area and are still entirely within city bounds? Not too many. Only one city on the planet—and perhaps the universe—fits the bill. […]
Read More👨🏿🚀TechCabal Daily – Kenya’s Finance Act is free
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Good morning Uganda has joined the big leagues. Last week, MTN launched the country’s first 5G network. For now, the service is not everywhere Ugandans go; it is only available around the Lugogo Mall in Kampala, the city’s capital, but MTN plans […]
Read MoreAwaiting President Tinubu’s Final Cabinet Selections: A Silver Lining Amidst Missed Opportunities
An in-depth assessment of the significance of President Asiwaju Bola Ahmed Tinubu’s pending cabinet selections in steering Nigeria out of its economic quagmire. Few political figures in Nigeria have demonstrated the same aptitude for identifying and nurturing capable technocrats as President Asiwaju Bola Ahmed Tinubu. His time as the Governor of Lagos State attests to […]
Read MoreCellulant is betting on Nigeria’s small and mid-sized merchants. Will it pay off?
Cellulant’s new Nigeria country manager has one job, to grow Cellulant’s share of Nigeria’s large payments market with a combination of mobile and card payments. In a market where mobile PoS devices rule, the Kenyan company is hoping to turn a crack in the wall into a den it can dominate. In February this year, […]
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