TechCabal

A pan-African publication chronicling innovation and tech developments in Africa

[TechCabal @TechCabal]

We’ve been writing about Africa’s tech story for 13 years.

Today, we’re launching TC 4.0 — your insider pass to the African tech ecosystem. Gated exclusives, deeper analysis, and the context to actually act on what you read.

Free. No card. No subscription. Thursday April 23 .

#TechCabal #TCInsiders #AfricanTech⁠

[TechCabal @TechCabal]

PARTNER : @Usedivest has officially launched its highly anticipated Private Banking product, just in time for the December homecoming season.

For Nigerians returning from abroad, declined foreign cards, unfavourable exchange rates and the hassle of accessing local currency can make spending back home challenging.

Divest is changing that. Users can receive funds directly into USD, GBP and EUR accounts, convert at competitive rates, and make instant payouts in Naira, Cedis, Rands and Kenyan Shillings.

From shopping and dining to nightlife and everyday spending, returnees can now transact like locals, straight from their phones.

Download Divest on the App Store or Google Play.

Read the full story on TechCabal: https://t.co/AsDksFoFcA

#Divest #PrivateBanking #DettyDecember

[TechCabal @TechCabal]

For years, finding an address across much of Nigeria has depended far less on a number than on a description. A visitor might be directed to a street, told to look for a distinctive building, instructed to turn at a familiar shop, or advised to keep walking until reaching a landmark tree. Delivery riders often know a neighbourhood intimately yet still struggle to identify the correct front gate. Across the country, the gap between arriving in a community and reaching a specific doorway remains considerable.

Nigeria’s new digital postcode system is designed to narrow that gap. Launched on October 1, 2026, it moves beyond the traditional postcode, which identifies a broad area, to assign codes at the level of individual buildings or delivery units. The ambition is to make it possible to identify a particular building with greater precision, whether it is in a busy city, a developing suburb or a rural community.

Read about them here: https://t.co/1FGwPCWTTh

#Feature #TechCabal

[TechCabal @TechCabal]

Yoco, a South African fintech, has secured a $100 million credit facility from US investment firm Victory Park Capital to expand its small-business lending operation and take greater control of the financing offered through its payments platform.

The deal marks a new phase for Yoco Capital, which has advanced more than R6.5 billion ($395 million) to over 40,000 merchants since 2018, working with specialist credit providers. The new facility is expected to give Yoco greater control over the pricing and risk of its merchant loans as it scales the business.

Click the link to read : https://t.co/FKqAIygyha

#Fintech #TechCabal

[TechCabal @TechCabal]

PARTNER : Your next big market isn’t across the ocean, it’s right on your screen 🌎

With over 25+ multi-currency wallets right at your fingertips, you can
receive global payments, pay vendors worldwide, and run a truly global
business from anywhere you are.

Download the @platnovabusiness app to get started.

[TechCabal @TechCabal]

Nearly a decade later, Money Fellows says it is profitable, with 350,000 monthly active users and $1.5 billion moved through its app since launch. It is also taking its model beyond Egypt, partnering with Wafacash to bring Morocco’s traditional daret savings circle onto its platform.

From surviving the lean years to expanding across borders, Money Fellows offers an interesting look at how an old financial tradition can find a new life in technology.

This is the story of how Money Fellows built trust, one savings circle at a time. Another story from TechCabal’s Class of 2016.

Read the full article : https://t.co/WFIwDVRkJ6

#Classof2016 #TechCabalClassof16

[TechCabal @TechCabal]

What does it take to turn an idea into a financial habit that millions of people can trust?

For Money Fellows, the answer involved more than building an app. It meant taking the traditional savings circle, rethinking how people save and lend to one another, and making it work in a digital world.

Founded in 2016, the Egyptian fintech had to navigate some difficult early years. With limited regulation, no established benchmarks and few success stories to lean on, founder Ahmed Wadi even sold personal belongings to keep the business running.

But the company kept going. It built a system that helps strangers save together, introduced a model that rewards early and late contributors differently, and developed ways to manage the trust challenges that come with group savings.

[TechCabal @TechCabal]

The framework introduces a 1.5% stamp duty on fiat-to-token and token-to-fiat conversions, a 1% withholding tax on gross disposal proceeds for certain virtual assets, and a 7.5% value-added tax (VAT) on taxable services provided by virtual asset service providers (VASPs).

The stamp duty is particularly significant because it can apply at both ends of a crypto transaction, meaning the government can collect revenue when users buy and sell, regardless of whether they make a profit.

Read more : https://t.co/VldRsnBBUf

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Nigeria’s crypto market received $38.1 billion in value between July 2025 and June 2026, according to blockchain analytics firm Chainalysis, highlighting the scale of a market the government hopes to tap to expand its tax base in 2027.

Governments are increasingly taxing crypto, but most focus on profits made when investors sell or exchange digital assets. India, for instance, imposes a 30% tax on income from crypto transfers.

Nigeria is taking a blanket approach, combining taxes at both ends of a crypto transaction life cycle. In July, the Nigeria Revenue Service (NRS) issued new rules setting out the tax obligations for cryptocurrencies, stablecoins, and other virtual assets.

[TechCabal @TechCabal]

Nigeria’s biggest telecom operators have sued the House of Representatives, challenging its constitutional authority to investigate their network quality and compel their chief executives to appear before lawmakers.

In an originating summons filed at the Federal High Court in Abuja on November 4, 2026, and seen by TechCabal, the Association of Licenced Telecommunications Operators of Nigeria (ALTON), MTN Nigeria, Airtel Networks, Globacom and Emerging Markets Telecommunication Services, operator of T2 Mobile, ask the court to interpret Sections 88 and 89 of the Nigerian Constitution, which define the National Assembly’s investigative powers.

At the heart of the dispute is whether lawmakers can use those powers to compel private telecom operators to account for network quality, or whether such an investigation crosses constitutional boundaries and encroaches on the regulatory mandate of the Nigerian Communications Commission (NCC).

Read the details of the case here : https://t.co/wutPx3TCRV

#Telecoms #TechCabal

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Nigeria is reviewing its cybersecurity laws to counter mounting threats as artificial intelligence (AI) makes fraud, digital deception, and attacks on critical infrastructure harder to detect.

AI was linked to 55% of cybercrime incidents recorded across Africa last year, while deepfake cases increased sevenfold between the second and fourth quarters of 2024. Cybercriminals are using AI to automate scams, create convincing fake identities, and more quickly identify weaknesses in critical systems. This means attackers are adopting the technology faster than institutions can strengthen their defences, leaving existing security systems and laws struggling to keep up.

This growing technology gap is the primary driver behind the current legislative review, as the Nigerian government acknowledges that existing frameworks fail to provide adequate guardrails or align with international best practices.

Read about it here : https://t.co/PyxIrDZkdU

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Qatar is offering foreign tech founders up to $5.5 million in funding to back growth-stage startups that want to operate in the gas-rich Gulf country, alongside visas, subsidised housing, and business support. Behind the incentives is a broader ambition to make Qatar a destination for global entrepreneurs.

For a tech founder considering where to build their next company, Qatar is making an unusual offer: move your business to the Gulf state, and receive up to $5.5 million in investment funding, help securing residency, subsidised office space, and housing support.

The offer, open to founders globally, including those from Africa, comes through the Startup Qatar Investment Programme, an initiative run by the government-owned Qatar Development Bank (QDB) to attract foreign entrepreneurs looking to establish or expand their businesses in the country.

Find out more here : https://t.co/M559RpNGLt

#DigitalNomads #TechCabal

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Being listed on Google does not guarantee a business will appear prominently when potential customers search for its services. Google says local search results are mainly based on three factors: relevance, distance, and prominence.

Relevance measures how closely a business profile matches a search; distance considers how far the business is from the person searching. Prominence reflects how well-known it is online, including through customer reviews and links from other websites.

Olaiya says businesses can improve their visibility by ensuring their Google Business Profiles accurately describe their services, keeping their business information consistent across online platforms, and encouraging customers to leave reviews.

Read about it here : https://t.co/UkLpU2Xbjj

#Startups #TechCabal

[TechCabal @TechCabal]

PARTNER : West Africa Dreamin' 2026. Third edition. Biggest yet.

Sat 21 Nov · Lagos Continental Hotel, VI Beyond the Vision: Supercharging West African Businesses through Technology

Salesforce VPs. Agentforce masterclasses. A live hackathon final.

Tickets from $21.90 → https://t.co/UkkqIdxM5U

#WAD26 #WestAfricaDreamin #SalesforceAfrica

[TechCabal @TechCabal]

But when he stepped into the fintech boardroom, the skills that made him a rugby star did not automatically translate into business success.

Click this link : https://t.co/zoXq685QL9 to read his story

#Coffeewith #TechCabal

[TechCabal @TechCabal]

From dominating the rugby field to making moves in fintech, Bryan Habana is proving that life after sports can be just as exciting as the game itself.

Turns out, his next big game is happening in business.

When PHATHISANI MOYO watched Bryan Habana deliver a presentation in Cape Town, he was intrigued by the personal journey to fintech behind one of South Africa’s most celebrated rugby careers.

Eight years after retiring from professional rugby, Bryan Habana found himself facing an unfamiliar opponent: himself.

The former Springbok winger and 2007 World Cup winner had spent much of his adult life mastering a sport that made him one of South Africa’s most recognisable athletes. He had represented his country on the biggest stage, performed under immense pressure and built a career around the discipline required to compete at the highest level.

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PARTNER: The safer ride option you’ve been asking for is here! 🚗

With @simpliride_ng, you can put safety first while enjoying more control over your commute, including the freedom to set your fare.

Ready for a different way to move? Download the SimpliRide app and book your first ride today.

🔗 https://t.co/4fEVk7EOb0

[TechCabal @TechCabal]

PARTNER : Venture Capital isn’t the only way to fund your business's next move.

For founders looking to expand operations or pursue new opportunities, loans can be another financing option worth considering. But when does borrowing make financial sense, and what should you know before taking that step?

Swipe through to find out.

Fuel Your Moonshot with @creditdirectltd and @creditdirectbiz

Download the Credit Direct app to explore available loan options.

#CreditDirect #FuelYourMoonshot #BusinessFunding

[TechCabal @TechCabal]

New rules from Nigeria’s Central Bank (CBN) will require foreign-currency stablecoin issuers, including companies behind dollar-pegged tokens such as USDT and USDC, to maintain at least ₦15 billion ($11.16 million) in paid-up capital to operate in Africa’s largest cryptocurrency market.

The rules, released Thursday evening, will require foreign stablecoin issuers to establish licenced entities in Nigeria and comply with local capital, reserve, and operational requirements or risk losing market access. The CBN also set a ₦10 billion ($7.44 million) minimum capital requirement for issuers of naira-backed stablecoins.

The regulations come nearly three months after the CBN opened the second cohort of its regulatory sandbox in August, creating a dedicated track for stablecoin issuers and other virtual asset companies to test their products under its supervision for the first time.

Read about it : https://t.co/vqnLizh5jI

#Cyrptocurrency #TechCabal

[TechCabal @TechCabal]

On October 30, 2026, @OPay_NG decided not to complete its much-anticipated IPO following a regulatory inquiry involving a jurisdiction it described as immaterial to its business operations. The company had priced 16 million American Depositary Shares (ADSs) at $19 each, valuing it at approximately $4 billion.

On Wednesday, Bloomberg reported that a Chinese regulator’s inquiry prompted the Nigeria-focused payments company to halt its IPO just hours after setting the price.

OPay said in an earlier statement it was confident the inquiry would be resolved satisfactorily “in the near future” but did not identify the regulator or disclose the nature of the inquiry

Get the full explainer here : https://t.co/6fGWiem2Pd

#TCexplainer #TechCabal

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The 2026 edition will build on this foundation with activities designed to deliver practical value to participants.

Read more : https://t.co/D9F804Qg2A

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PARTNER : Ogun Digital Summit, the leading technology and innovation event in Ogun State, has announced its 7th edition, scheduled for November 25–27, 2026, at June 12 Cultural Centre, Kuto, Abeokuta

[TechCabal @TechCabal]

Since its establishment in 2020, Ogun Digital Summit has continued to provide a platform that brings together innovators, industry leaders, founders, policymakers and the next generation of builders.