— Kofa Raises $8.1 million to Expand Battery-Swapping Energy Network In the bustling landscape of clean energy startups, one company is making waves by redefining how we power our lives. Meet Kofa, a Ghana-based startup that has recently secured an impressive $8.1 million in pre-Series A funding. This injection of capital is not just a
Newsletters are a great way to stay informed about the latest happenings in various industries. But what if I told you that a recent edition of TechCabal Daily revealed groundbreaking news that could potentially revolutionize Nigeria’s financial landscape? That’s right! Let me take you on a journey through the intricacies of open banking, satellite internet
— MTN Nigeria’s Profitable Quarter In a remarkable comeback, MTN Nigeria reported a staggering profit after tax of ₦133.7 billion ($102.85 million) in the first quarter of 2025, signaling its second consecutive profitable quarter. This significant achievement marks a stark contrast from the previous year’s loss of ₦392.7 billion ($302.08 million) recorded in Q1 2024,
In a recent groundbreaking ruling, Kenya’s Employment and Labour Court has made a significant declaration that paying employees different salaries for the same job is not only unethical but also illegal. The case that led to this landmark ruling was brought forward by Tom Oduor, a former manager at Dawa Life Sciences, who alleged that
In the bustling landscape of Nigeria’s telecommunications sector, a storm is brewing. 9mobile subscribers find themselves at a crossroads, grappling with an unexpected challenge. As they attempt to port their cherished phone numbers to other networks seeking better service, they are met with an unyielding obstacle – persistent network outages. The predicament deepens as users
Nigeria, a country known for its vibrant culture and bustling economy, is on the brink of a groundbreaking financial revolution. After four long years of anticipation, the Central Bank of Nigeria (CBN) has finally given the green light for open banking to launch in August 2025. This move marks a significant milestone not only for
In the bustling landscape of financial technology, one Nigerian startup is making waves with its groundbreaking use of artificial intelligence. Lendsqr, a lending software company, is on a mission to transform the way borrowers in Nigeria access credit by harnessing the power of face and voice recognition technology. ### The Birth of Innovation Led by
Coronation Wealth, a fintech subsidiary of Coronation Group, is on a mission to revolutionize the investment landscape for everyday Nigerians. The company, launched in April 2024, aims to address the prevalent issue of low participation in formal capital markets among the country’s vast population. **Creating a Market for First-Time Investors** With less than 1% of
A couple of years ago, when the world was forced indoors due to the COVID-19 pandemic, people began craving more than just mainstream entertainment. That’s when documentaries started gaining popularity and moving to the forefront of streaming platforms. It was during this time that a groundbreaking startup emerged from Aba in southeastern Nigeria, known for
The sun beat down on the bustling streets of Nairobi, where the rhythm of life was as vibrant as ever. Amidst the lively atmosphere, a silent revolution was taking place in the way Kenyans managed their money. “The value of mobile money transactions in Kenya dropped sharply over the 12 months to February 2025, falling