Nigerians don’t care about Black Friday
The Black Friday sales, where shoppers get discounts as high as 80% on goods, are no longer attractive to customers due to paltry discounts and inflationary hikes. Every November, on the first Friday after Thanksgiving celebrations in the United States, retail stores slash the prices of many of their goods to attract higher patronage from […]
Read MoreHow can alternative payments improve Africa’s digital payment landscape?
Image source: Africa Bussiness Insider At first glance, Africa’s B2B payments sector looks like a saturated market. Many high-profile companies have emerged over the years to process payments on behalf of global merchants. Yet, despite its rapid growth in recent years, Africa’s payments sector is barely scratching the surface. Africa’s payment landscape is diverse and […]
Read MoreThis fintech is persuading wealthy Africans to turn idle cash into loans for startups
B54, a Lagos-based business-lending fintech, is giving startups struggling to raise growth-stage venture capital an alternative, as the slowdown in large funding rounds begins to bite high-growth companies. The B2B fintech aggregates idle cash from financial institutions and wealthy Africans and lends it to fast-growing businesses in West Africa that need working capital. Lanre Oyedotun, […]
Read MoreConvergence Partners wants to drive infrastructure development in Africa with $296 million fund
In this edition of Ask An Investor, TechCabal spoke to Andile Ngcaba, chairman of Convergence Partners, about the state of digital infrastructure in Africa. In January, Convergence Partners, a pan-African ICT investment firm, announced that it closed its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million, surpassing its initial target by over 18%. The […]
Read MoreMedia entrepreneur Fatu Ogwuche launches YouTube show for tech founders to tell their stories
On Tuesday, Backstories with Fatu premiered on YouTube. Backstories with Fatu is a YouTube show hosted by tech entrepreneur Fatu Ogwuche on her channel Big Tech This Week, in which she discusses the backstories of some of the most prominent people in the African tech ecosystem and the pivotal events that made them who they […]
Read More👨🏿🚀TechCabal Daily – Nigeria removes deadline for old notes submission
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Happy pre-Friday It’s Spotify Wrapped season—the time of the year when the music streaming app tells you how bad your taste in music is. This year, in addition to showing users their top songs and artists, Spotify is also assigning users cities […]
Read MoreOpen borders and financial inclusion are key to triggering Africa’s economic miracles
This article was contributed to TechCabal by Uzochukwu Mbamalu, founder and CEO, Palremit. According to Statista, Africa’s GDP per capita reached $2,150.6 in 2022—its highest value since 2015—and this figure is projected to reach $2,700 by 2026. This comes as no surprise, with the continent fast becoming a hub for technology adoption. With the recent […]
Read More🚀Entering Tech #50: How Jackleen Nnely became a project manager
Lagos traffic made her leave a 13-year career! 29 || November || 2023 View in Browser In partnership with #Issue 50 How Jackleen Nnely became a project manager Share this newsletter Greetings ET readers We still have open roles for some superstar reporters in South Africa, Kenya and Nigeria. If you or anyone you know […]
Read MoreBolt Kenya expels 5,000 drivers in six months over safety concerns
Bolt is taking a stringent approach to safety following years of a tainted reputation in Kenya. Bolt, an Estonian ride-hailing company, has expelled over 5,000 drivers in Kenya due to non-compliance and safety-related issues following a directive from the National Transport and Safety Authority (NTSA). Bolt discontinued the accounts of the affected driver partners over […]
Read More👨🏿🚀TechCabal Daily – LemFi pauses Ghanaian ops days after BoG suspension
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Good morning We’re still hiring Senior Reporters in Nigeria, Kenya and South Africa. If you know great storytellers who are passionate about the business of tech in Africa, send them our way by sharing this link with them. If you’re one yourself […]
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