* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, July 19, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    Rough times for broadcast networks illustrate changing media landscape – New Haven Register

    Broadcast Networks Confront Turbulent Times in a Rapidly Changing Media Landscape

    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    Victorville’s new gunfire-detecting technology already making strides, city says – NBC Los Angeles

    Victorville’s New Gunfire-Detecting Technology Is Already Making a Difference, City Officials Say

    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    Rough times for broadcast networks illustrate changing media landscape – New Haven Register

    Broadcast Networks Confront Turbulent Times in a Rapidly Changing Media Landscape

    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    Victorville’s new gunfire-detecting technology already making strides, city says – NBC Los Angeles

    Victorville’s New Gunfire-Detecting Technology Is Already Making a Difference, City Officials Say

    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

TechCabal’s best-read stories of Q1 2024

May 2, 2024
in Technology
TechCabal’s best-read stories of Q1 2024
Share on FacebookShare on Twitter

With the African tech ecosystem beset by a funding downturn, rising inflation, layoffs and startup shutdowns, the industry was off to a slow and uncertain start this year. Despite these challenges, some major highlights have kept us optimistic at TechCabal as we continue to report news about the ecosystem in the best way possible. 

Our work captures the players, human impact and business of tech in Africa, providing the content, reporting, data, events and context to help the world understand how tech is changing the continent. From acquisitions and strategic partnerships to company expansions in new markets to regulatory laws for digital nomads to startup pivots and tech ecosystems popping up in unexpected places, here are some of our best-loved stories from Q1 2024.

How a clash of visions led to Olu Akanmu’s exit from Opay

While Olu Akanmu was CEO at Opay, the fintech grew exponentially, reaching over 30 million users, 500,000 agents, and 100,000 merchants, according to publicly released figures. Unfortunately, due to idea and direction clashes with the company’s broader leadership, Akanmu stepped down as CEO. 

How Huawei became Nigeria’s biggest telecoms vendor and enterprise business

Huawei launched in Nigeria in 1999, two years before Nigeria’s telecommunications revolution. The company has sold servers and storage solutions for top Nigerian banks like UBA, Zenith, Access, Fidelity, Keystone, First Bank, Unity Bank, UBA, and FCMB. In May 2023, a fire at Zenith Bank’s primary data centre caused a service downtime, and attempts to switch to its disaster recovery centre also failed. That incident is thought to have convinced Zenith—a tier-1 bank with a market capitalisation of ₦1.1 Trillion to sign a $10 million deal with Huawei for a storage solution. 

Patient capital, diverse exits: Verod-Kepple’s vision for the future of African startups

Verod-Kepple Africa (VKAV) is a venture capital fund that is partnered with Verod Capital, a Lagos-based private equity firm. The firm’s average ticket size is between $1 million and $3 million, and it has invested in 11 growth-stage startups, like Moove (a Kepple Africa portfolio company), Shuttlers, Chari, and Julaya. All three partners of Verod-Kepple—Ory Okolloh, Ryosuke Yamawaki, and Satoshi Shinada—shared with TechCabal their investment thesis and why they are backing African startups. 

Wasoko merger fallout

Wasoko, a Kenyan e-commerce platform which was founded in 2013 and raised over $140 million from investors, entered into a merger with MaxAB, an Egyptian retail company, without informing their employees. The employees first heard about the merger on a video call attended by MaxAB executives in early December 2023, the same month the deal was announced. This event triggered many other happenings in the company, including the layoff of over 100 employees across departments in both Kenya and India. It also led to nine employees suing Wasoko, claiming they had been unfairly fired. The employees argued that the company did not give them sufficient time to prepare for their exit. Following this, the court barred Wasoko from firing the aggrieved employees, and the company promised to make provisions to aid the exit of said employees, including providing health insurance coverage until March 2024. 

How Eyowo’s bid to become a fintech giant hit the rocks

In 2019, Softcom, a software development agency, shifted its focus from its client-side business to building consumer-facing products, and became Eyowo, one of Nigeria’s earliest digital banks. But, five years later, with three rounds of layoffs, persistent delays in salary payment, and a revocation of Eyowo’s banking licence in 2023, the company’s fortunes, unfortunately, turned. Sources who spoke to TechCabal claimed that Eyowo’s licence was revoked because it stopped offering loans to customers, contravening a regulatory requirement for microfinance banks. In March, the company insinuated it has regained its licence and that there are talks about a possible rebrand as “Entrepreneur Bank”.

Fintech giant Flutterwave secures release of $3 million in Kenya

In 2022, the Assets Recovery Agency (ARA) in Kenya froze $55 million, belonging to fintech giant Flutterwave, on fraud and money laundering charges. After the charges on the first case were withdrawn in March 2023, the court unfroze the majority of the funds amounting to $52.5 million. The rest of the funds were not immediately released, despite a court order to release them after the ARA sought court approval to withdraw money laundering charges against the fintech startup in July 2023, but the judge denied the request. Finally, in February 2024, over a year later, the court cleared the remaining funds: $3 million; and released it to Flutterwave. It was good news for the fintech giant. 

What is it like to build a tech ecosystem in Nigeria outside the country’s tech capital?

Lagos is to the Nigerian tech ecosystem what Silicon Valley is to the North American ecosystem. Yet, unlike the US, where other states like New York, Seattle and Chicago still have thriving ecosystems that complement Silicon Valley, tech ecosystems outside Lagos struggle to build their identities or get significant attention from stakeholders. Sanusi Ismaila and Excel Ajah are some of the people working to beat the odds by creating co-learning labs and communities in other Nigerian cities like Kaduna and Owerri. These communities are taking shape and building promising tech talent outside Lagos in ways that will be beneficial to the country’s ecosystem as a whole.

Bolt launches in Zimbabwe and waives driver commission for six months

In January, Bolt, the popular ride-hailing company, expanded their African operations to Zimbabwe, particularly its capital city, Harare. As an incentive for drivers, the company waived its usual standard commission for six months. This move marked Zimbabwe as the third country in Bolt’s strategic move into the Southern African market; after the company launched in South Africa in 2016, and conducted pilot operations in Zambia in 2023. In a similar move, Bolt also launched operations in Botswana in February, about a month later.

South Africa eyes Nomad gold rush, targets wealthy remote workers in new draft regulations

South Africa is trying to become the fifth African country to start granting digital nomad visas. The country announced this decision and published draft regulations for the visa category, inviting the public to share feedback and comments that will shape its eventual implementation in February. South Africa’s digital nomad visa will target nomads earning at least R1 million (~$53,000) annually. The goal is to position the country as the global hub for digital nomads. However, the country has many amendments to make in its laws, specifically around tax exemption,  if the digital nomad visa regulation is to take off. 

Inflation is a two-sided coin for BNPL startups in Nigeria

Buy-now-pay-later startups in Nigeria operate in a market where retail credit is in its very early stages, but inflation and the rising cost of living are affecting these businesses in interesting ways. The reduced purchasing power of individuals means that more people are exploring ways to pay for their wants in instalments, which means a boost in new customers for these startups. On the other hand, the same inflation has obliterated an entire demographic of former middle-class Nigerians who now cannot afford to pay for any wants at all and would rather focus on their basic needs. 

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2024/04/30/techcabals-best-read-stories-of-q1-2024/

Tags: best-readTechCabal’stechnology
Previous Post

How far can the Celtics make it this postseason without Kristaps Porzingis?

Next Post

NASDAQ-listed Swvl continues profitability streak with $3.1m net profit in 2023

A major AI training data set contains millions of examples of personal data – MIT Technology Review

A major AI training data set contains millions of examples of personal data – MIT Technology Review

July 18, 2025
Dave Portnoy unites FOX Sports and Barstool with new football, basketball coverage deal – Fox News

Dave Portnoy unites FOX Sports and Barstool with new football, basketball coverage deal – Fox News

July 18, 2025
To see and not be seen: Carangids hide behind sharks to prey on fish – Cattano – 2025 – Ecology – ESA Journals

Mastering the Art of Stealth: How Carangids Turn Sharks into Living Shields to Outsmart Their Prey

July 18, 2025
Science labs move ‘a hammer blow’, says MP – Yahoo

Science labs move ‘a hammer blow’, says MP – Yahoo

July 18, 2025
American science to soon face its largest brain drain in history – Big Think

America’s Science Community Confronts Its Biggest Brain Drain in History

July 18, 2025
Longhorns Daily News: Austin’s fast-paced lifestyle helped inspire former Texas WR Brenen Thompson to transfer to new school – Burnt Orange Nation

Longhorns Daily News: Austin’s fast-paced lifestyle helped inspire former Texas WR Brenen Thompson to transfer to new school – Burnt Orange Nation

July 18, 2025
China’s path to world dominance is being laid by President Trump’s policies, including in Alaska – Alaska Beacon

China’s path to world dominance is being laid by President Trump’s policies, including in Alaska – Alaska Beacon

July 18, 2025
Wall Street’s Big 7 Are Now Bigger Than China’s Entire Economy – MSN

Wall Street’s 7 Biggest Titans Now Outpace the Entire Chinese Economy

July 18, 2025
Bad Bunny, Travis Scott, Saweetie, and All the Songs You Need to Know This Week – Yahoo

Bad Bunny, Travis Scott, Saweetie, and This Week’s Must-Listen Hits

July 18, 2025
‘I just couldn’t stop crying’: How prison affects Black men’s mental health long after they’ve been released – The Conversation

I Just Couldn’t Stop Crying’: The Deep and Lasting Impact of Prison on Black Men’s Mental Health

July 18, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (727)
  • Economy (750)
  • Entertainment (21,635)
  • General (15,970)
  • Health (9,788)
  • Lifestyle (758)
  • News (22,149)
  • People (752)
  • Politics (760)
  • Science (15,967)
  • Sports (21,248)
  • Technology (15,733)
  • World (734)

Recent News

A major AI training data set contains millions of examples of personal data – MIT Technology Review

A major AI training data set contains millions of examples of personal data – MIT Technology Review

July 18, 2025
Dave Portnoy unites FOX Sports and Barstool with new football, basketball coverage deal – Fox News

Dave Portnoy unites FOX Sports and Barstool with new football, basketball coverage deal – Fox News

July 18, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version