In adherence to regulatory directives from the Central Bank of Nigeria (CBN), Nigerian banks have implemented comprehensive measures to facilitate the smooth integration of customers’ National Identification Number (NIN) and Bank Verification Number (BVN) with their respective bank accounts. This crucial process, mandated for regulatory compliance and heightened security, ensures an enhanced and streamlined banking […]

MTN Nigeria, a major telecommunications provider in Nigeria, has successfully recovered more than half of the ₦22 billion lost during a glitch in its Mobile Money service in May 2022. This incident occurred just a week after the launch of the mobile money service, shedding light on the extent of fraud in Nigeria’s financial services […]

Women-led healthtech companies in Africa saw a significant bump in funding from investors in 2023, according to a new report by Salient Advisory. Rwandan-based startup Kasha, Kenya’s Maisha Meds, and Egypt-based startups Dawi Clinics and Chefaa collectively secured $52 million across 33 deals, contributing to a 2,000% surge in funding for women-led companies in Africa’s healthtech […]

Flutterwave, Africa’s largest startup, is discontinuing Barter, a virtual card service introduced in 2017. The fintech company is shifting its focus towards its enterprise and remittance business segments. Customers have been advised to withdraw their funds from the app over the past month. The choice to phase out Barter stemmed from a thorough examination of […]

When Mayowa Olaniyan assumed the role of GMD/CEO at Chams Holding Company Plc in December 2022, she held the belief that the company’s shares were undervalued. Fourteen months later, Chams’ share price has risen to ₦2.50 from 50 Kobo in 2022, marking a 6.9% year-to-date increase. In a call with TechCabal, Olaniyan expressed that the […]

Liquid C2, a business of Cassava Technologies, a pan-African technology group, today announced collaborations with global technology leader Google Cloud and artificial intelligence (AI) company Anthropic to deliver advanced cloud, cyber security solutions, and generative AI (gen AI) capabilities to African businesses across the continent. Building on the November 2023 signing of a Memorandum of […]

Infinix, a tech brand designed for young consumers, is excited to announce its outstanding performance in 2023. As per IDC’s Worldwide Quarterly Mobile Phone Tracker, Infinix has achieved a significant milestone in year-on-year smartphone shipments, surpassing all global brands with an impressive increase of over 13 million units, indicating a remarkable growth rate of 64.1% […]

The government of the United Kingdom (UK) has, through three phases of the DigiGirls program, provided funding to the CyberSafe Foundation, resulting in the cumulative provision of employable digital skills to over 65,000 women and girls across Nigeria, as reported by Techeconomy. The UK Government’s investment in women in Nigeria is recognized as a crucial […]

The North-East Ambassadors Group, led by Richard Montgomery, the British High Commissioner, convened in Maiduguri. The delegation met with Borno State Governor Babagana Umara Zulum and Theatre Commander Major General Waidi Shaibu, exploring sustainable solutions to displacement challenges. The group, comprised of Ambassadors, High Commissioners, and heads of international organizations, focuses on the security, stabilization, […]

BRKZ, a Riyadh-based construction-tech startup founded by Ibrahim Manna, has secured $8 million in a Series A funding round co-led by Beco Capital and 9900 Capital.  BRKZ aims to streamline the procurement process for contractors and manufacturers in the MENA region. The new investment will enable BRKZ to expand its platform across Saudi Arabia and the wider […]