As Nigerian stock market booms, SEC board’s absence casts shadow over rally
While Nigeria’s stock market continues to soar globally, its regulator, the SEC, continues without oversight. In January, NGX, Nigeria’s stock market, was the world’s best-performing stock market, but amidst this rally, a crucial watchdog is missing: the board of the Securities and Exchange Commission (SEC). Nigeria’s SEC oversees the exchange and protects investors but has […]
Read MoreLatest news on SRD SASSA payment for February 2024
As we approach the month of February 2024, beneficiaries of the South African Social Security Agency (SASSA) grants eagerly anticipate the upcoming SASSA Payment 2024 schedule. SASSA plays a pivotal role in supporting vulnerable individuals through various grant programs, and here’s a detailed breakdown of the payment dates for February: 1. SASSA Payment 2024 for […]
Read MoreHere is why SA startups saw an uptick in average valuations in 2023
South Africa was the only ecosystem in sub-Saharan Africa to see an increase in average valuations in 2023, according to data by MAGNiTT. Experts explain how the country managed to go against the grain. While valuations of tech startups in Sub-Saharan African countries broadly declined in 2023, South African tech startups were the exception, with […]
Read MoreExclusive: Target Global backed fintech, Kippa, is pivoting to edtech
Kippa, the financial management startup backed by Target Global, is pivoting from fintech and is piloting a new edtech service that enables anyone to create new online courses or deliver exciting ones in bite-sized formats using AI, an ex-employee with knowledge of the business told TechCabal. Kippa has created a new website for its new […]
Read MorePade processed ₦11bn in salaries in 2023 after landing Flutterwave as client
Pade, a startup that helps businesses manage their HR functions, caused a stir on X (formerly Twitter) when it shared that it paid ₦11 billion ($12 million) in salaries for its clients in 2023. With over 100 businesses on its people operations platform and over 6,500 employees, the math of it works out to an […]
Read MoreLatest JAMB CBT mock updates 2024
In recent developments, it has been gathered from Joint Admissions and Matriculation Board (JAMB) candidates that all available slots for the JAMB CBT mock exams in Lagos for the year 2024 have been filled. We spoke to a couple of candidates currently trying to register for the Unified Tertiary Matriculation Examination (UTME) who narrated the […]
Read MoreBreaking: Bolt launches in Zimbabwe with zero driver commission for six months
Bolt, an Estonian e-taxi company with operations across Europe and Africa, has launched its services in Harare, Zimbabwe. Bolt will not receive any commission from drivers for a minimum of six months. This same no-commission incentive was used during the platform’s launch of operations in Zambia. In countries like Kenya, Bolt applies a standard 18% […]
Read MoreIn 2023, 1 in every $3 invested into startups in Africa went into climate tech
Climate tech startups bucked the trend in Africa’s venture capital space, actively notching up an impressive $1 billion amidst a broader funding fall-off in 2023. Data tracker, Africa: The Big Deal notes that around 1 in 3 dollars invested into startups on the continent in the forecast period went to climate tech startups. The strength […]
Read MoreNigeria’s broadband penetration drops 10.7% on adjusted population figure
Nigeria’s broadband penetration declined by 10.7% after Nigeria’s Population Commission adjusted the country’s population figures. Per the adjustment, only 40.48% of 216.7 million Nigerians had internet access by September 2023. The adjustment caused a five-month delay in sharing the data. Aminu Maida, Executive Vice Chairman of the NCC, said the adjustments are appropriate to maintain […]
Read More👨🏿🚀TechCabal Daily – Nigeria to fight PoS fraud
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Good morning January’s finally coming to a close. As you reflect on which of your resolutions are reasonable and which are as idealistic as unlimited PTOs, please take a minute to tell us what you think about TC Daily so far. Give […]
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