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2 months ago | 
techcabal.com | Bunmi Bailey |Frank Eleanya |Faith Omoniyi |Abraham Augustine
This article is part of TechCabal’s ongoing coverage of the impact of Trump’s tariffs on Africa’s technology landscape. The zero-interest era in the US saw venture capital firms pour billions into emerging markets, including Africa, in search of outsized returns. But the US trade tariff, paused for 90 days, could dampen non-oil export volumes, create unstable exchange rates, and fuel inflation if or when resumed.
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Nov 12, 2024 | 
techcabal.com | Adonijah Ndege |Abraham Augustine
MDaaS, a Nigerian healthcare startup known for its network of diagnostic clinics, has launched its first clinic in Douala, Cameroon as it begins its journey into Francophone Africa. The expansion comes as the startup seeks to diversify its revenue streams amid the Naira’s volatility and inflation in Nigeria. Its CEO, Oluwasoga Oni, said the startup treated 16,000 patients across 16 diagnostic clinics and 20 affiliate clinics in Nigeria in October.
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Nov 11, 2024 | 
techcabal.com | Adonijah Ndege |Ngozi E. Chukwu |Abraham Augustine
Two-wheelers, especially electric motorbikes and scooters, are emerging as the future of e-mobility in Africa, driven mainly by the region’s infrastructural challenges, government policies, and economic factors. Across sub-Saharan Africa, sales of motorbikes–commonly referred to as bodaboda in East Africa–have overtaken those of private cars. By 2030, motorcycle sales across the region will increase to over three million, with an electrification rate of 22%.
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Oct 9, 2024 | 
techcabal.com | Ephraim Modise |Kenn Abuya |Hannatu Asheolge |Abraham Augustine
With cleantech startups poised for explosive growth, carbon credit financing could be a game-changer for the sector. Vladimir Dugin, a senior partner at E3 Capital, a pan-African venture firm, said at Moonshot by TechCabal in Lagos that African policymakers must establish clear regulations to drive the adoption of carbon credit financing. Panelists noted that the lack of laws and data is slowing the uptake of carbon credit funding on the continent.
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Sep 23, 2024 | 
techcabal.com | Faith Omoniyi |Olumuyiwa Olowogboyega |Ngozi E. Chukwu |Abraham Augustine
Like most businesses affected by the recent increase in fuel prices, last-mile delivery companies in Nigeria are reevaluating their pricing. “In light of the current economic conditions, particularly the significant rise in fuel prices, we find it necessary to make an adjustment to our delivery process,” Remedial Health, a health-tech startup that supplies medications to pharmacies, wrote to its customers via Email.
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May 23, 2024 | 
techcabal.com | Towobola Bambgose |Ngozi E. Chukwu |Frank Eleanya |Abraham Augustine
Maëlle Gavet will step down as CEO of Techstars at the end of May 2024 due to health reasons, ending her almost four year leadership of the global accelerator. She will be replaced by David Cohen, co-founder and board chairman of Techstars. “I will be rooting for all of you from the sidelines and will remain a supporter of #Techstarsforlife,” she wrote. Gavet’s exit comes at a time when Techstars faces difficulties in balancing growth with profitability.
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May 10, 2024 | 
techcabal.com | Hannatu Asheolge |Joseph Olaoluwa |Abraham Augustine |Caleb Nnamani
This article was contributed to TechCabal by Seth Onyango via bird story agency. Africa’s tech ecosystem is attracting billions of dollars, thanks to dynamic startups whose innovation and creativity are reshaping industries and unlocking new opportunities. The young population and digital connectivity are further fueling growth. From the fintech startups driving financial inclusion to the agri-tech startups improving food security, the impact of these startups is nothing short of transformational.
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Apr 4, 2024 | 
techcabal.com | Adonijah Ndege |Frank Eleanya |Muhammed Akinyemi |Abraham Augustine
The Nigerian Exchange Group (NGX) has acquired a stake in Ethiopia’s first-ever securities exchange for an undisclosed amount in a fundraising that has seen the Horn of Africa nation raise $26.6 million, surpassing the target it touted to investors in 2023. The Ethiopian Securities Exchange (ESX) last year set to raise $11.07 million to start operations as part of a larger push by Prime Minister Abiy Ahmed to liberalise and modernise the economy.
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Mar 20, 2024 | 
techcabal.com | Mariam Muhammad |Hannatu Asheolge |Ganiu Oloruntade |Abraham Augustine
This article was contributed to TechCabal by Conrad Onyango via bird story agency. The latest data from GitHub, a global hub for software development, has listed the two African economies – Nigeria and Egypt – as among the world’s 10 fastest-growing countries for software development in 2023. It may come as no surprise that software development is on the rise in Africa.
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Feb 16, 2024 | 
techcabal.com | Frank Eleanya |Joseph Olaoluwa |Muhammed Akinyemi |Abraham Augustine
Since the death of Herbert Wigwe, the founding Group CEO of Access Holding Plc on 9 February 2024, several tech founders and executives have been pouring encomiums on his impact on their lives and businesses. “I called him the Oracle of Isiokpo. My oracle. Because if Warren Buffet was the Oracle of Omaha; the best investor in America, then we needed our oracle in Africa. And his name was Herbert Wigwe.
