techcabal.com news headlines

Protests in Kenya enter second week despite withdrawal of Finance bill

Multiple gunshots, teargas, and a heavy police presence have been reported across the country as thousands of Kenyans protest the rising living costs despite the recently withdrawn 2024 Finance Bill. This marks the second week of protests in Keny
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02 Jul 2024

Tiger Global-backed Minka is the latest LATAM fintech to set up shop in Africa

In recent years, a handful of Latin American fintechs have made inroads into Africa to tap into its growing digital payments market. The latest entrant is Minka, a Colombian fintech backed by Tiger Global. Minka builds payment networks that allow
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02 Jul 2024

Nigerian cloud providers lobby government and PFAs for local data storage

Five Nigerian cloud companies are in talks with the government to become their preferred choice for hosting sensitive government data, two people with direct knowledge of the matter told TechCabal. The lobbying efforts are based on a 2019 Nationa
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02 Jul 2024

Grocery delivery startup Mano expands to food delivery but it doesnt want to serve everybody

Mano, a grocery delivery startup that serves high-end areas in Lagos and Abuja, is expanding to Nigerias ultra-competitive food delivery segment. Founded in 2020 by Moe Nesr, Mano expanded to Nigeria in 2022 and delivers groceries and household a
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02 Jul 2024

Kenyas NCBA Group acquires insurer AIG Kenya for an undisclosed amount

Kenyas NCBA Group, the fourth-biggest bank by market capitalisation, has acquired insurer AIG Kenya from American International Group Inc for an undisclosed amount. For the past 18 years, NCBA Group , Kenyas fourth-biggest bank by market c
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02 Jul 2024

Mara, a crypto startup backed by Coinbase, lost $16 million in 2022 as the leadership team fell apart

At the peak of 2021 crypto optimism, experts argued that Africans had to participate in the crypto economy, create products, and educate a continent of young people on a future that Web3 was sure to dominate. Those arguments led to the launch of
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01 Jul 2024

JAMB to now issue customised SIM cards to UTME candidates

The Joint Admissions and Matriculation Board ( JAMB) has just released its bulletin and a major news in it is the announcement of the introduction of JAMB customised SIM cards. This initiative, developed with the Nigerian Communications Commissio
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01 Jul 2024

Centre Stage: Ruby Igwe wants to train the next generation of Africas tech changemakers

Ruby Igwe realised corporate legal work wasnt as hands-on as she wanted, so she transitioned into film production. For many people, that made a lot of sense, as she grew up on movie sets assisting her mother, Amaka Igwe, a renowned Nigerian filmm
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01 Jul 2024

??Entering Tech #68: Whos to blame for oga-driven development?

If you work in a startup, then you should be familiar with todays topic: Oga-Driven Development. Have you ever battled principalities and powers (sorry your CEO) at work on whether or not to build a product? For those unfamiliar with the t
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29 Jun 2024