TechCabal

A continent-wide publication that documents advancements in innovation and technology throughout Africa.

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Roam and M-KOPA top Kenyan firms on FT’s fastest-growing companies

1 day ago | techcabal.com | Adonijah Ndege

Three Kenyan startups—Roam Electric AB, M-KOPA Holdings Ltd, and Victory Farms Ltd—have been named among Africa’s fastest-growing companies in the latest ranking by the Financial Times and Statista, a list dominated by South African and Nigerian firms. The three startups were among 11 Kenyan companies featured in the 2025 FT Africa Fastest Growing Companies list, which evaluated revenue growth between 2020 and 2023 across 130 private and public businesses on the continent.
Kenyan MP seeks ban on cashless-only payments under $775

2 days ago | techcabal.com | Adonijah Ndege

Kenya may soon outlaw cashless-only transactions for everyday purchases, under a proposed law that would make it mandatory for businesses to also accept physical currency for payments below Ksh100,000 ($775). The Central Bank of Kenya (Amendment) Bill, 2025, sponsored by Suba South Member of Parliament Caroli Omondi, would make it illegal for businesses operating in physical locations to reject cash for transactions under $775.
Why is local capital important for Africa's tech ecosystem?

3 days ago | techcabal.com | Muktar Oladunmade

For five consecutive editions of Ask an Investor, we’ve asked Africa-focused investors the same core questions: how can local capital fund the continent’s startups, how do those backers add value, and what makes money? This week, our recap of the past five episodes pulls hard-won lessons from every interview: Marge Ntambi (Benue Capital), Axel Peyriere (serial angel & founder), Fisayo Durojaye (Immerse VC), Biola Alabi (Delta 40/angel syndicates), and Alexandre Lazarow (Fluent Ventures).
Access Bank, ABC top five lenders risking CBK penalties for raising loan rates

3 days ago | techcabal.com | Adonijah Ndege

Access Bank Kenya and ABC Bank top the list of commercial banks risking penalties from the Central Bank of Kenya (CBK) for raising lending rates despite warnings from regulators to align loan pricing with benchmark rate cuts. The two banks recorded the steepest average interest rates among the five commercial lenders that increased interest rates in March.
Rethinking what banks are for

3 days ago | techcabal.com | Kenn Abuya

First published 11 May, 2025 Rethinking what banks are for Image | TechCabal African economies are growing, fintech is booming, and mobile money has changed how millions handle cash. But behind all the progress lies a stubborn problem: we’ve copied banking systems that aren’t working even in the places they came from. Global banks keep failing. Big ones like Credit Suisse collapse or get absorbed. In the US, new regulations haven’t stopped scandals.
Day 1–1000: How Tunde Akin-Moses built Sycamore from his living room | TechCabal

5 days ago | techcabal.com | Faith Omoniyi

What does it really take to build a startup in Africa—from the first idea to the thousandth day? In Day 1–1000, we follow founders through the raw, unfiltered journey of company-building: the early scrambles, the quiet breakthroughs, the painful pivots, and the milestones that shape what a business becomes. In this inaugural edition, we sit with Tunde Akin-Moses, co-founder of Sycamore, to unpack how a simple lending idea grew into one of Nigeria’s quietly resilient fintech stories.
Everything I heard at the AVCA Conference

5 days ago | techcabal.com | Muktar Oladunmade

Last week, the African Venture Capital Association (AVCA) brought its flagship VC Summit back to Lagos, the home of Africa’s unicorns, for the first time in a decade, and the timing could hardly have been more charged.
Why Glovo thinks Nigeria is its biggest African bet yet

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.
Their careers no longer paid well; they joined the ride-hailing sector

5 days ago | techcabal.com | Derick Matsengarwodzi

When ride-hailing service, Rida, launched in Harare, Zimbabwe in 2023, it not only brought convenience to commuters, but also attracted professionals who are leaving their jobs to supplement their meagre salaries as gig workers. Though Zimbabwe’s literacy rates are comparably higher than the rest of the continent, according to a 2014 Labour Force and Child Labour Survey, only 4.9% of the working population are professionals.
Safaricom to turn to credit and savings to grow M-PESA in Ethiopia

6 days ago | techcabal.com | Kenn Abuya

Safaricom plans to launch savings and credit products in Ethiopia, hoping to boost earnings from M-PESA, its mobile money platform, which has struggled to gain traction nearly two years after launch. Since its rollout in August 2023, M-PESA has yet to make a meaningful financial contribution to its Ethiopian operations, according to numbers shared by the telco during its earnings call on Friday.