Canal+ increases MultiChoice stake to 40.8%
TechCabal
by Ephraim Modise
1h ago
In February, Canal+’s stake in MultiChoice passed the 35% mark, triggering a law that allowed it to present a mandatory offer to shareholders of the South African broadcaster. While that offer is under consideration, Canal+ has continued to snap up MultiChoice shares on the open market, increasing its stake to 40.8%.  Between April 12 and 15, Canal+ bought 3.5 million MultiChoice shares at an average price of R116 per share, lower than the mandatory share offer of R125. It continues an almost three-year move by the French broadcaster, which has 8 million customers in Africa, to take over ..read more
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WhatsApp integrates Meta AI to change messaging experience 
TechCabal
by Damilola Makinde
6h ago
Meta is making things more interesting in the virtual messaging ecosystem with the introduction of WhatsApp Meta AI, a new feature that integrates artificial intelligence directly into your messaging experience. This innovative chatbot is designed to mimic the capabilities of services like ChatGPT and Gemini, offering a range of exciting possibilities for your chats.  What is WhatsApp Meta AI? Think of it as your own personal AI assistant within WhatsApp. Here’s what it can do: Answer your questions in a clear and informative way. Provide summaries of factual topics. Help you brainstorm ..read more
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ETranzact says its consumer-focused products is its future revenue driver
TechCabal
by Ganiu Oloruntade
7h ago
NGX-listed eTranzact International Plc has said its direct-to-consumer product is its future revenue driver as the company focuses on its best-performing business units. The 21-year-old payments provider, valued at ₦57 billion, has three business areas: a switching business, a merchant acquiring business and direct-to-consumer products. According to its financial report, eTranzact’s primary business is switching and was responsible for 95% of its 2023 revenue. Its other revenue lines are payment solution services, mobile money operations, and value-added services.  Further breakdown of it ..read more
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Cardoso downplays concerns over FX reserves amid naira rally
TechCabal
by Joseph Olaoluwa
11h ago
Nigeria’s central bank governor, Olayemi Cardoso, has downplayed claims that the bank is depleting foreign exchange reserves to prop up the naira. Cardoso claimed that the apex bank’s intervention in the FX market is not as costly as speculated.  On Tuesday, a Bloomberg report pointed out a worrying reduction of the country’s foreign exchange reserves between March and April. It coincided with the start of weeks of appreciation for the naira, which is now the world’s best-performing currency this month. According to Bloomberg’s analysis, liquid reserves declined 5.6% from March 18, when t ..read more
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??‍?TechCabal Daily – MarketForce shuts down RejaReja
TechCabal
by Mariam Muhammad
11h ago
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية We’re thrilled to announce that TechCabal Battlefield is back, and this time, it’s bigger and better than ever before!  TechCabal Battlefield is Moonshot’s startup competition dedicated to spotlighting and showcasing African startups to a global audience, providing winners with exciting prizes. This year, we’re bringing more value to our participants including a pre-accelerator program, deal room sessions and so much more. We invite you to be part of this incredible journey by applying to T ..read more
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GSEB 10th result 2024 release
TechCabal
by Damilola Makinde
19h ago
Students who appeared for the Gujarat Secondary and Higher Secondary Education Board (GSEB) Class 10th exams in March 2024 can get ready to check their GSEB 2024 results. The official announcement regarding the release date for the GSEB Class 10th result 2024 is yet to be made by the board. However, based on past trends, the GSEB result 2024 is expected to be declared sometime in the first week of May 2024. The GSEB Class 10th exams were conducted from March 11th to March 22nd, 2024. Thousands of students sat for the exams across the state. The GSEB result 2024 will be crucial for students as ..read more
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How to apply for the UP Scholarship 2024
TechCabal
by Damilola Makinde
20h ago
The UP Scholarship 2024 offers a valuable opportunity for students in Uttar Pradesh to pursue their academic dreams. This scholarship program by the Government of Uttar Pradesh provides financial assistance to deserving students belonging to various categories. If you would like to benefit from UP scholarship for the 2024 academic year, here’s a comprehensive guide to on how to apply. Understanding eligibility to apply for the UP Scholarship 2024 The UP Scholarship 2024 caters to students from different backgrounds. It’s crucial to check the official website for detailed eligibility criteria ..read more
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How to apply for ISBN in Nigeria 2024
TechCabal
by Damilola Makinde
1d ago
Before a book can be certified published, it needs an International Standard Book Number (ISBN). This unique 13-digit code is your book’s official identification, allowing it to be tracked and distributed globally. So, how do you apply for ISBN in 2024 from Nigeria? Here’s a comprehensive guide to navigating the process. The Nigerian ISBN Agency  The National Library of Nigeria (NLN) is the designated ISBN agency for the country. They are responsible for assigning ISBNs to publications originating in Nigeria. This means you don’t have to deal with international organisations – applying f ..read more
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MarketForce shuts down RejaReja, its B2B ecommerce business, switches focus to social commerce
TechCabal
by Kenn Abuya
1d ago
MarketForce, the Y Combinator-backed Kenyan startup cofounded by Tesh Mbaabu and Mesongo Sibuti in 2018, will shut down RejaReja, a B2B e-commerce platform that was a huge part of its business, Mbaabu said in a post on his blog on Wednesday afternoon.  The startup founder also shared the company’s new move: Chpter, a social commerce startup that provides an AI-powered conversational platform that automates conversations on WhatsApp and Instagram for business owners.  Mbaabu cited the razor-thin margins of B2B e-commerce businesses and profitability struggles on a unit level as contri ..read more
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Exclusive: Kenya’s Equity Bank hit by $2.1 million debit card fraud, 19 suspects arrested
TechCabal
by Adonijah Ndege
1d ago
Equity Bank, Kenya’s biggest bank, was the target of a debit card fraud in which the perpetrators stole $2.1 million. According to a letter sent to the Directorate of Criminal Investigation, the stolen funds were moved to over 500 bank and mobile money accounts. The bank has restricted all accounts that received those funds. A fraud detective at the DCI confirmed the incident to TechCabal and claimed 19 persons were arrested in connection with the fraud. Equity Bank declined to comment. Three sources with knowledge of the investigation said the perpetrators executed a “card-not-present” scam t ..read more
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