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Created in 2013, TechCabal is a future-focused publication that speaks to African innovation and technology in depth. In addition to high-quality articles, reports, and expert opinions on the main website, we publish the TC Daily newsletter, the most comprehensive roundup of technology around Africa.
TechCabal
1d ago
Plus: Five data science courses you can take to prove yourself!
27 || April || 2024
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Hello ET people
Welcome to the second edition of our three-part series on entering tech as a data professional. In the first edition, Mariam Adeoti and Adekoya Teleola shared tips on becoming a data analyst. If you missed out on the episode, please read here.
Today, we’re discussing Data science—”the sexiest job of the 21st Century” as if the Harvard Business Review is to be reviewed.&n ..read more
TechCabal
2d ago
Mauritius is Africa’s leading financial services hub. The small island houses some of the continent’s leading banks, investment companies, asset managers, and insurance entities. Over the last few years, the country’s tech industry has tried to replicate this success.
Mauritius’s startup ecosystem is nascent at best, with minimal venture capital inflow and only a handful of startups making a regional impact. Innovative entrepreneurs, curious investors and progressive government policies in the country are working to accelerate the ecosystem’s growth to the next level.
A central bank digital cu ..read more
TechCabal
2d ago
Like the UP results, the MP Board Class 10 and Class 12 results are about to be released. It’s vital to know the various methods available to check the results swiftly and accurately. Here’s a comprehensive guide on how to check the MP Board result 2024.
1. Official Websites
The official MP results websites, mpresults.nic.in and mpbse.nic.in, will host the results. Once announced, students can visit these platforms and navigate to the designated sections for Class 10th and 12th results. They’ll need to input their roll numbers and other required details to access their results.
2. SMS Service ..read more
TechCabal
2d ago
A Federal High Court order will allow Nigeria’s Economic and Financial Crimes Commission to block 1,146 accounts connected with an ongoing investigation into “offences of dealing in unauthorised dealing foreign exchange, money laundering and terrorism financing.”
“It has been confirmed that you trade cryptocurrency. We humbly request that you provide us with a valid court order for the release of your funds,” read an email from a financial institution to a customer whose funds were frozen.
The court order was granted on April 24, one day after Ola Olukoyede, the EFCC chairman ..read more
TechCabal
3d ago
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Hello TC Daily readers, senior editor Timi here.
This will be Mariam Muhammad’s last day writing TC Daily and working for TechCabal . Over the past year, Mariam has co-written 200 editions of TC Daily with me and Faith Omoniyi. She’s also been the brains behind some of the very fun puns we’ve had on the newsletter.
We’ve enjoyed having Mariam on the team, and we look forward to what she’ll do in the future.
TC Daily will continue to be written by me, Faith Omoniyi who is now joined by Towobola ..read more
TechCabal
3d ago
Kenyan lawmakers have passed a preferential trade deal with the European Union (EU), ending a political flashpoint with neighbouring East African Community (EAC) partners who refused to adopt a joint deal in 2016.
The Economic Partnership Agreement (EPA) will give Kenyan traders duty-free and quota-free access to the $13.9 trillion European market. According to the EU, total trade with Kenya reached $3.5 billion in 2022, representing a 27% jump from 2018.
Under the terms of that deal, Kenya will gradually lower duty on imports from the EU within the next 25 years and incentivise European compa ..read more
TechCabal
3d ago
One month after a little-known company got unrestricted access to the private data of 100 million Nigerians, Nigeria’s Identity Management Commission (NIMC) is under investigation for a data breach. One publication detailed how XpressVerify, the company involved in the breach, obtained and monetised its access to the identification numbers.
“If they [NIMC] are found negligent, there would be penalties. Last year in South Africa, the data protection agency fined the Ministry of Justice over a data breach. Nobody is above the law,” said Dr. Vincent Olatunji, the National Commissioner of th ..read more
TechCabal
4d ago
Mobility giant Uber and Lagos state have reached an agreement, ending a month-long row after the government’s request to enforce a 2020 deal to share real-time data.
In March, two people on Uber’s side of the argument raised surveillance and privacy concerns following the request. Uber held out on giving the government access even as competitors like Bolt acquiesced.
The government responded by impounding cars belonging to Uber drivers and the state of talks between both parties remained uncertain.
“We have reached a truce, we shifted ground, and Uber too has shifted ground,” Olasu ..read more
TechCabal
4d ago
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Happy pre-Friday
In Q1 2024, investment in African startups took a nosedive, plunging by approximately 45.6% compared to Q1 2023.
On the flip side, our growing ecosystem witnessed a flurry of expansion and acquisition activities. Dive deeper into the latest happenings with our freshly unveiled quarterly report.
Download it now.
In today’s edition
Kenya washes its hands clean of Anjwarwalla’s arrest
Stanbic IBTC to raise $401 million
Equity Bank’s $2.1 million heist was an inside job ..read more
TechCabal
4d ago
Stanbic IBTC Holdings will seek shareholders’ approval to raise ₦550 billion on May 16. According to a regulatory filing submitted on Wednesday, the company has proposed the sale of bonds and a rights issue to raise the needed capital.
Stanbic joins industry peers like Access Holdings, GTCO, and Zenith Bank Plc, which have made similar moves to increase their capital requirements after a review by the Central Bank. Stanbic IBTC, the banking subsidiary of Stanbic IBTC Holdings Plc, is a Tier 2 bank with a capital requirement of ₦200 billion.
It plans to issue debt securities worth ..read more