Nigerian property startup Spleet lays off employees as inflation squeezes business
Spleet, a property tech startup that raised $2.6 million in 2022 from investors like MaC ventures and HoaQ Fund, will lay off an undisclosed number of employees as inflation and price increases from landlords it works with put the business under pressure. With 32 full-time employees, the layoffs will affect all employees not in core […]
Read MoreAfrica’s mobility startups: Electric and global ambitions fuel funding surge
This article was contributed to TechCabal by Conrad Onyango via bird story agency. In 2021, Nigerian mobility startup Metro Africa Xpress (MAX) became Africa’s most-funded startup in the electric vehicle (EV) space after netting a $31 million round to expand into Ghana and Egypt. In 2023, Nigerian mobility startup Moove more than doubled that, netting […]
Read MoreLatest MTN MoMo Uganda withdrawal charges 2024
Mobile Money (MoMo) in Uganda provides a convenient and accessible means for individuals to send, receive, and manage money using their mobile phones. Among the various services offered by MoMo, withdrawal charges play a crucial role in determining the cost associated with accessing cash from one’s account. In this article, we delve into the withdrawal […]
Read More👨🏿🚀TechCabal Daily – Canal has no Choice
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Happy pre-Friday And our condolences to MTN users in Nigeria—including this writer—who, yesterday, found that the network was never where we go. The telecom, which holds the majority market share—about 38.7%—experienced an outage which left some of its 76.7 million subscribers unable […]
Read MoreMTN Nigeria blames hours-long outage on fibre cuts
A major service outage on Wednesday left millions of MTN Nigeria customers unable to make calls or connect to the internet. The outage, which lasted four hours, was caused by multiple fiber cuts, the company said in a statement. The telecom operator noted that the challenge was noticed in the afternoon and affected mostly subscribers […]
Read MoreTwo Binance executives arrested in Nigeria following website ban
After multiple unconfirmed reports, the Financial Times has confirmed the arrest of two Binance executives in Nigeria this week. Both executives flew to Nigeria last week following a ban on their website and were arrested by the office of the National Security Adviser (NSA), the same report said. In an anxious week for Nigeria’s crypto […]
Read MoreMore Nigerians move to 4G, 5G as device financing push smartphone adoption
More Nigerians are moving to 4G and 5G networks thanks to more affordable and flexible smartphone financing, according to telecom industry experts who spoke to TechCabal. There were only 2.18 million 3G subscriptions in December 2023, while 2G usage, which accounts for more than half of mobile internet subscriptions (57.84%), also declined. The growth in […]
Read MoreGITEX Africa wants 100 Nigerian startups to exhibit in Morocco
The Gulf Information Technology Exhibition (GITEX) wants to bring about 100 Nigerian companies to Marrakech, Morocco where the second edition of the event in Africa (GITEX Africa) is taking place in May 2024. Last year only seven tech startups from Nigeria, out of 450 global startups, participated in the event. At a stakeholders meeting on […]
Read MoreFundus AI, XchangeBox win Gitex Africa 2024 Road Show, Abuja
On Monday, Gitex, the world’s largest tech and startup show, kicked off its 2024 Road Show in Abuja. The event featured a pitch competition focused on agritech, healthtech, and fintech, with 19 startups vying for top honours. Fundus AI, an AI-powered solution for diagnosing diabetic retinopathy co-founded by Abdulmalik Adeyemo, and XchangeBox Solutions, a fintech […]
Read MoreBreaking: Crypto platforms suspend USDT, USDC purchases after CBN scrutiny
A handful of crypto companies in Nigeria will no longer allow users to buy the USDT and USDC stablecoins with Naira after renewed scrutiny from the Central Bank of Nigeria (CBN). “There was a meeting of crypto founders on Tuesday morning, and a number of them agreed to suspend the trades on their platform,” a […]
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