Russian auto giant AvtoVAZ enters Nigeria with spare parts hub, local assembly plant
AvtoVAZ, Russia’s largest automaker, which is majority-owned by the Russian government, is expanding into Nigeria as part of a broader strategy to […]
Tunisia to suspend Bolt for alleged tax evasion, launch state-backed ride-hailing app
Tunisia wants to suspend Bolt, one of the country’s leading ride-hailing apps, over allegations of tax evasion, money laundering, and operating without […]
MTN and Airtel ink network-sharing agreement in Nigeria, Uganda to cut costs
MTN Group and Airtel Africa have signed an agreement to share network infrastructure in Nigeria and Uganda, a strategic move aimed at […]
Jumia, Jiji unfazed as Temu shakes up Nigeria’s $13 billion e-commerce market
Chinese e-commerce giant Temu has made a rapid entrance into Nigeria’s $13 billion online retail market, luring shoppers with ultra-low prices and […]
Nigerian fintech Payhippo rebrands as Rivy, raises $4 million for clean energy financing
Payhippo, a Nigerian fintech that formerly provided SME loans, has rebranded as Rivy and raised $4 million in a pre-Series A round […]
👨🏿🚀TechCabal Daily – Caantin wants call centres for lunch
In partnership with Lire en Français اقرأ هذا باللغة العربية Happy midweek! AI wants your job. Okay, not your job (we hope), […]
Caantin’s AI wants to do the talking for call centers
Zambian AI communications startup, Caantin, wants to reduce the cost of making phone calls for businesses by using AI voice agents that […]
UBA lost ₦1.14 billion to fraud in 2024 amid record profits
United Bank for Africa (UBA) lost ₦1.14 billion ($744,200) to fraud in 2024, even as the Nigerian lender reported a profit after […]
KCB Group acquires 75% stake in payment solutions firm Riverbank Solutions for $15m
KCB Group, Kenya’s largest commercial bank by assets, is set to acquire a 75% stake in payments solutions startup Riverbank Solutions for […]
Paystack welcomes consumers to its ecosystem with Zap, a transfer app
Nine years ago, Shola Akinlade, Paystack’s CEO, bet on making online payments frictionless and that bet paid off with a $200 million […]
👨🏿🚀TechCabal Daily – Cassava, but make it AI
In partnership with Lire en Français اقرأ هذا باللغة العربية Happy salary day! We have one question for you: Who owns an […]
“Most African companies don’t need VC”: Launch Africa is raising a mezzanine fund for its third fund after lessons from first two funds
Launch Africa is arguably Africa’s most active early-stage investor. The firm started investing in African startups in 2020, and by the time […]