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1 week ago | 
techcabal.com | Ngozi Chukwu |Sakhile Dube |Kenn Abuya |Bunmi Bailey
PricePally, a Nigerian online grocery start-up known for group-buying, is testing grocery exports to drive revenue growth after a slump in its B2B segment. Its B2B procurement service, which contributed a quarter of revenue, shrank to 10% in 2024 after a sharp naira devaluation and food inflation. Founded in 2019, PricePally built a following among millennials with bulk-buying deals, enabling users to make group purchases of staples like rice, yam, tomatoes, etc.
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1 week ago | 
techcabal.com | Ngozi Chukwu |Timi Odueso |Muktar Oladunmade
Tucked in the quiet contours of Ilorin, a city in Nigeria’s North Central, the University of Ilorin (Unilorin) has stood for half a century as an academic beacon. Now, with the rise of remote work and a new generation of talents, it’s becoming something more—a launchpad for global ambition. No, it has become a place where deserving students, regardless of their backgrounds, nourish their wildest dreams to work in the best global financial companies.
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1 month ago | 
techcabal.com | Sakhile Dube |Ngozi Chukwu |Muktar Oladunmade
South Africa’s electricity prices will increase by 26% over the next three years, pushing households and businesses to seek cheaper energy alternatives. This rising cost, combined with upcoming VAT hikes, fuels the demand for energy startups to offer innovative solutions like smart technology, renewable energy, and off-grid systems.
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1 month ago | 
techcabal.com | Muktar Oladunmade |Faith Omoniyi |Ngozi Chukwu
African investment professionals earn less than their global counterparts due to the smaller assets and funds they manage, according to data on salaries and assets under management in African investment firms by Dream VC, a venture capital institute, and A&A Collective, a global investment community. The average annual salary for analysts at Africa-focused venture capital, private equity, and impact investment firms is $21,000. Outside Africa, that salary jumps by 33% to $28,000.
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1 month ago | 
techcabal.com | Kenn Abuya |Muktar Oladunmade |Ngozi Chukwu |Adonijah Ndege
Kenya’s Office of the Data Protection Commissioner (ODPC) has fined Kenyan digital lender Whitepath KES 250,000 ( $2,000) for violating data privacy laws. Court records show that the regulator found that Whitepath, which operates Instarcash and Zuricash loan apps, listed an individual as a guarantor without their consent and subjected them to debt collection calls after the borrower defaulted.
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1 month ago | 
techcabal.com | Ngozi Chukwu |Olumuyiwa Olowogboyega |Kelechi Njoku |Hannatu Asheolge
In August 2024, as the feverish exam season drew to a close, marking the end of the academic year, the engineering faculty at the University of Lagos, Nigeria, upheld its tradition of celebrating with an awards dinner. But that year, something was different. A new award was being introduced: the Engineering Spirit Award. Its first-ever recipient, Motunrayo Sanyaolu, a third-year electrical engineering student, was no surprise to the faculty.
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1 month ago | 
techcabal.com | Ngozi Chukwu |Frank Eleanya |Towobola Bambgose
Female founders’ uphill battle to secure venture capital has only grown steeper with time. Despite well-intentioned initiatives aimed at boosting investor readiness—sometimes leading to complaints of over-mentorship—funding disparities have worsened. In 2024, women-founded startups in Africa received just 1% of total VC funding in Africa, marking a five-year low.
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1 month ago | 
techcabal.com | Muktar Oladunmade |Ngozi Chukwu |Towobola Bambgose
Capria VC, a global venture firm with $207 million in assets under management, runs a unique model for investing in emerging markets by backing startups and local fund managers. Globally, it has invested in 17 fund managers, giving it indirect exposure to nearly 400 portfolio companies, while directly investing in only 41 startups. “This model is powerful because it gives us broad access to market insights.
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1 month ago | 
techcabal.com | Sakhile Dube |Ngozi Chukwu |Muktar Oladunmade
In South Africa, where WhatsApp dominates as the most widely used social media platform, the messaging app is evolving beyond just helping people communicate and get services. Tregter, a Cape Town-based startup established in 2019, uses WhatsApp chatbots to gather data for research, even in underserved rural communities. “A big use case for chatbots is data collection,” says Ferdinand Steenkamp, Tregter’s co-founder.
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1 month ago | 
techcabal.com | Bunmi Bailey |Frank Eleanya |Ngozi Chukwu
Touch and Pay (TAP) Technologies Limited, the fintech company behind Cowry card for Lagos’ train and Bus Rapid Transit (BRT) systems, has driven a 291% surge in closed loop prepaid cards usage between 2021 and 2024, according to a report by global market research firm Euromonitor International. Closed-loop prepaid cards are preloaded with funds but can only be used within a specific network or with designated merchants.
