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TechCabal Weekly

TechCabal Weekly

By TechCabal
TechCabal Weekly is a roundup of the most important tech news from around Africa every week.
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Did a merger at Cars45 lead to a slew of exits?

TechCabal Weekly

More people are using cryptocurrency in Sub-Saharan Africa
What is driving the cryptocurrency adoption in Sub-Saharan Africa and is there potential for crypto to become even more popular on the continent? Those are the questions we're starting with on this week's TechCabal Weekly Podcast.
September 21, 2020
Did a merger at Cars45 lead to a slew of exits?
In the last week, 11 senior executives left Cars45, the online platform that trades used cars. There have been a lot of theories about the mass exits, but what we know now is that a merger is the reason for the exits. We also talk about Facebook and how much people trust online platforms as news sources. The answers are pretty surprising. 
September 7, 2020
Another Nigerian tech startup is waiting on the report of independent investigators
After the disappointing end to Tizeti's independent investigation, it's understandable that more than a few people are already skeptical of the outcome of independent investigations at WeJapa, another Nigerian startup that has found itself in some controversy. The startup's CEO, Favour Ori, has been accused of underpaying developers and making false promises. While he denies wrongdoing, he has stepped down as CEO and one of the company's investors, Microtraction is doing some big talk on how it intends to stay out of the way of the investigation.
August 31, 2020
TechCabal Weekly Podcast - Nigeria's first attempt at digital IDs leads to a lawsuit
This week, we talk about Nigeria's attempts to move to a digital national identification, a big data breach at Experian, the South African credit rating agency, as well as a change of leadership at MTNThis week, we talk about Nigeria's attempts to move to a digital national identification, a big data breach at Experian, the South African credit rating agency, as well as a change of leadership at MTN
August 24, 2020
Lagos makes changes to guidelines for e-hailing companies and Jumia's cuts its losses for another quarter
After a week of public backlash, the Lagos state government has now made significant changes to its guidelines for ride-hailing companies in the state. Also, we take a look at the second quarter earnings for the ecommerce company, Jumia. 
August 17, 2020
TC Weekly Podcast: Regulation takes center stage
In Nigeria, regulatory uncertainty is almost a given, and last week, the new regulations were for the broadcasting industry. The NBC's sixth amendment is worrying for many reasons, as it ends content exclusivity and introduces a penalty for hate speech.  In Oyo state, Nigeria, there are rumors of a proposed transportation licence for companies like SafeBoda and MAX. Outside Nigeria, Donald Trump's new executive orders are also causing some concern, with a 45-day deadline for American companies to round up all transactions with TikTok and WeChat.   
August 10, 2020
TechCabal Weekly Podcast: Africa sees another big exit and investors are excited about Jumia once again
"Where are the exits" is a question that gets asked often by observers of the African tech ecosystem. While funding news is not in short supply, we're finally seeing some important exits. In May, Beyonic was acquired by MFS Africa and now DPO has been acquired by Network International for $288 million.  There's also some recent excitement among investors for Jumia stock, which is now trading at around $12 after it slunk to lows of $3.95 in May 2020. What's got investors excited about Jumia? Find out in this episode!
August 3, 2020
How much do Nigerian businesses lose to cyber-attacks every year?
In 2019, 86% of Nigerian organisations suffered cyber-attacks. It meant that globally, only India suffered more cyber-attacks. But it's hard to know how much these attacks cost businesses, thanks to under-reporting. 
July 27, 2020
TradeDepot and Eversend receive funding for their big plans
Despite some sad news at the beginning of the week for the African tech ecosystem, there are lots of positives, like TradeDepot and Eversend backing their talk of expansion with much needed funding 
July 20, 2020
There's a slump in smartphone shipments but Transsion remains top
One of the easiest predictions for Q2 was that theere would be a decline in the number of smartphones shipped to Africa. But by how much did the predictions get it right and what OEMs are controlling the African market?
July 20, 2020