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  • June 15 2024

🚀Entering Tech #67: Seven techies talk about leaving home

Seven techies share why you should (not) leave home as a young adult. 15 || June || 2024 View in Browser In partnership with Issue #67 Entering Tech,Leaving Home Share this newsletter Greetings ET people As a young techie, the allure of becoming independent can be strong. Young people figuring out their lives need space, […]

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  • June 15 2024

In SA, digital advertising is eating TV and this is why

In the late 90s and early 2000s, TV was the peak form of leisurely entertainment in South Africa and ads had a high return on investment for advertisers. But from the late 2000s, as viewers went from watching big boxes in their living rooms to watching little boxes on their palms, TV’s attractiveness as an […]

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  • June 14 2024

Nigeria’s securities exchange issues disclaimer on $DAVIDO

Nigeria’s Securities and Exchange Commission (SEC) has issued a disclaimer alert to investors regarding $DAVIDO, a meme coin backed and promoted by Afrobeats superstar Davido which dipped by 90 within 24 hours of its launch. It raced to a $10 million market capitalisation just four hours after it launched on Wednesday, May 29. “The Commission […]

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  • June 14 2024

Exclusive: Brass opts for a smaller team under new management

While the takeover of business banking startup Brass by a group of investors was widely hailed as a win by the tech ecosystem, it also entailed a restructuring that saw several employees leave the business.  An initial TechCabal report claimed only Sola Akindolu, the CEO, Emmanuel Okeke, the CTO, and head of design, Tolulope Saba, […]

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  • June 14 2024

FIRS drops tax evasion charges against Binance executives

Nigeria’s Federal Inland Revenue Service (FIRS) has dropped the tax evasion charges brought against Binance executives, Tigran Gambaryan and Nadeem Anjarwalla making Binance the sole defendant, one week after sixteen US lawmakers accused Nigeria of holding Gambrayan, hostage. Gambrayan has been detained for 110 days, while Anjarwalla escaped detention on March 22. “The charges against […]

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  • June 14 2024

Kenya hikes minimum bank capital 10-fold to match regional peers

The Central Bank of Kenya (CBK) will increase the minimum capital requirement for commercial banks ten-fold to $77.8 million (KES10 billion), Kenya finance minister Njuguna Ndung’u announced on Thursday. The new capital requirements will boost  resilience to potential financial risks like increased cyber fraud threats and economic shocks but it could prove challenging for over […]

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  • June 14 2024

👨🏿‍🚀TechCabal Daily – Bolt and Uber must apply for licences in South Africa

In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Good morning This is our last call for reviews on TC Daily. Before you take the long weekend off, please take one minute to fill our survey and let us know what you think.  We’ll be writing to you all through Eid […]

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  • June 13 2024

World Bank approves $2.25 billion financial support for Nigeria

The World Bank has voted in favour of a $2.25 billion financial support package for Nigeria that will serve as a much-needed boost to the country’s economic reforms. It comes two weeks after Finance Minister Wale Edun spoke about the need to stay the course after tough reforms like the removal of fuel subsidy and […]

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  • June 13 2024

New PM Kisan status check 2024

The PM Kisan Samman Nidhi Yojana (PM Kisan) is a beneficial program for Indian farmers. Here’s a guide on how to conduct a PM Kisan status check 2024. Available PM Kisan status check methods There are two primary methods for a Kisan status check 2024: Using Aadhaar card: This method allows you to check your […]

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  • June 13 2024

“We only planned to increase prices once in 2023,” MultiChoice CEO claims

South African Pay-TV giant MultiChoice Group claimed that despite planning to increase prices just once in 2023, worsening macroeconomic conditions in the Rest of Africa markets including Nigeria, Kenya and Malawi forced its hand.  Two price increases in 2023 proved unpopular with its customers. In Nigeria, a tribunal claimed MultiChoice did not give customers adequate […]

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