Articles
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5 days ago |
techcabal.com | Ganiu Oloruntade
After exiting Ghana in 2024, citing profitability issues, Glovo is placing its next big bet on Nigeria. The country now represents the food delivery giant’s most promising growth market in Africa, as it shifts focus to regions showing stronger traction. When Glovo launched in Morocco in 2018, its first African market, the goal was simple: test the waters and move fast if things clicked. It did, and by 2019, the Spanish food delivery giant began rapidly expanding into new African cities.
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2 weeks ago |
techcabal.com | Ganiu Oloruntade
For Abuchi Peter Ugwu, CEO of Chocolate City Music, one of the country’s most influential music labels, the biggest shift in Nigerian music over the last decade isn’t just the sound, it’s the technology. From the era of hawking CDs in Alaba to tracking TikTok spikes and Spotify data, the business of music is now deeply shaped by tech. “Technology changed everything,” Ugwu told TechCabal in an interview.
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2 weeks ago |
techcabal.com | Ganiu Oloruntade
Nigeria’s Central Bank has fined Paystack, one of the country’s most prominent fintech companies, ₦250 million ($190,000) for allegedly operating its newly launched consumer product, Zap by Paystack, as a wallet in violation of its regulatory licence, according to one person with direct knowledge of the matter.
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2 weeks ago |
techcabal.com | Ganiu Oloruntade
Coronation Wealth, the investment and wealth management subsidiary of Coronation Group, is making a long-term play to turn millions of Nigerians into first-time investors, most of whom have never bought a single stock. Launched in April 2024, the company is tackling one of the country’s most persistent financial challenges: a deep lack of participation in formal capital markets.
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3 weeks ago |
techcabal.com | Ganiu Oloruntade
Global payments giant Visa is doubling down on contactless payments across Africa as part of a broader strategy to expand its relevance in markets where traditional card usage is still limited.
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