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👨🏿🚀TechCabal Daily – South Africa’s crypto crier: Meet South Africa’s crypto starboy, Neil de Waal, who went from flaunting his fancy crypto lifestyle on social media to, well, bawling his eyes out in court. Read more in #TCDaily. https://t.co/XVx85ddAoK
Mastercard has entered a partnership with MTN Group, that will see the introduction of a prepaid virtual card specifically designed for MTN’s MoMo customers, enabling them to access over 100 million acceptance points globally.
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Nigeria’s federal government has signed a Memorandum of Understanding with Domineum/Edenbase UK to develop a state-of-the-art tech hub—Abuja Tech City— in the capital city of Nigeria.
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Time's up for Nigerians as MTN, AIrtel and Glo are set to block about 12 million subscribers who are yet to link their SIM cards to their NIN, following directive from the NCC after it had postponed the deadline severally.
https://t.co/AaLWnskY3P
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South Africa says "No" to spam calls with its first enforcement notice to FR Ram Consulting, a training institution. This follows warnings from the country's Information Regulator to nab entities bombarding citizens with unwanted marketing calls
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Bitcoin, the world’s first cryptocurrency is currently trading at $57,000—a price point not seen since November 30 2021—shortly after the Bitcoin exchange-traded funds (ETFs), was approved by the US Securities and Exchange Commission to track Bitcoin prices.
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A Kenyan high court has lifted a December injunction to halt the rollout of Kenya’s second attempt at digital ID’s—Maisha Namba.
https://t.co/OVJvIJA6Qc
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d.light, a solar-powered solutions provider, has secured $7.4 million in securitised financing led by Lagos-based investment group, Chapel Hill Denham, to scale up its Pay-Go personal finance service.
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South Africa is going LED! To tackle energy demand & prevent load shedding, the government is banning inefficient bulbs & raising taxes on incandescent bulbs.
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To boost local EV production, starting March 1 2026, companies that make electric and hydrogen-powered vehicles in South Africa can get back 150% of the money they spend on their investments.
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On wednesday, Cardinal Stone Capital Advisers (CCA) sold its 65% stake in i-Fitness to Verod Capital for $12 million. However, the $12M exit for i-Fitness in Africa might be inflated as sources say the deal's closer to $6 milllion.
https://t.co/8xNljtqk8i
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Lockbit, the world’s largest criminal ransomware group responsible for attacking Fawry—a leading provider of e-payments and digital finance solutions in Egypt—in November last year, has been nabbed by the UK’s National Crime Agency (NCA).
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Elon Musk's Neuralink—a brain-computer interface company—has had its first successful brain chip implant, and its recipient can now succesfully control a computer mouse using only their thoughts.
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Bolt drivers in Kenya are demanding for better working conditions. they voiced concerns at a recent event, calling for better earnings, a say in pricing, smoother navigation, and improved customer service.
https://t.co/WFqmqfBrYz.
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After banning the importation of vehicles whose year of first registration is before January 1, 2017, Kenya has banned the importation of electric vehicles with less than 80% battery life.
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On the streaming side of things, Showmax has dethroned Netflix as Africa's leading streaming platform. Netflix has struggled to regain its market share since it lost nearly 1.2 million subscribers in the first half of 2022, its first decline in a decade.
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Nigeria embarks on anambitious initiative to connect the unconnected by bringing internet access to all 774 local governments to ensure access to digital public infrastructure in underserved parts of the country.
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One year after securing its first close at $263 million, Partech Africa, a global VC fund has closed "Partech II" its second Africa-focused fund at $300 million despite a global funding dip.
https://t.co/YBH4aFsFKn
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January 2024 has brought grim news for Nigeria, with inflation soaring to 29.90% – the highest since 1996. Food inflation is particularly alarming, currently standing at 35.5%, while the Central Bank grapples with an estimated $2.2 billion backlog of FX demand.
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One year after laying off 900 employees to cut cost, Jumia, Africa's e-commerce giant, laid off more employess 8 January 2024, in Kenya and other markets, and reports a $45 million decline in operational losses.
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