👨🏿🚀TechCabal Daily – Tamweely wheels in
In today's edition: e-finance gets shareholder approval for Tamweely deal || Spiro secures debt for expansion || Paymob raises $35 million || StanChart chases Nakumatt debt
Tech
Nigeria’s new phone registry threatens rising smartphone prices
Nigeria wants to make every phone traceable. But as the NCC moves to tighten control over the device market, the harder question is whether the system can stop illegal imports without making legitimate phones harder to buy, sell and repair.
Where did the $100k cheques go? Inside the exit drought paralysing early-stage African tech
Village Capital's Husein Merchant explains how the global investor wants to invest $4 million in Africa after investing in seven startups in West Africa.
Local stablecoins are great, but who really needs them?
Users need a reason to hold a local token before merchants have a reason to accept it. Merchants need enough users and liquidity before accepting it becomes worthwhile. Liquidity providers need enough trading activity to make money, but more trading activity requires more users, restarting the cycle
👨🏿🚀TechCabal Daily – Kenya eyes Dangote IPO
NSE eyes Dangote Refinery IPO || Safaricom weighs in on stake-sale saga || Investec’s expensive UK expansion || Safaricom hit 1 million fibre subscribers
The Next Wave: The expensive life of Twiga Foods
Twiga Foods demonstrated that venture capital subsidies can accelerate customer acquisition, but they cannot change unit economics.
These founders turned a lockdown problem into an AI startup
Expense AI uses AI-powered receipt scanning to capture and categorize expenses, allow users to generate customizable reports, track their income, manage their budgets.
Nigeria’s next satellites come with a local manufacturing plan
The plan would move Nigeria beyond simply owning and operating satellites towards making some of the equipment needed to turn them into connectivity services.
The former altar boy and the ‘farming girl’ building Green Eden
Relatives who tried to stop Ritkatmun Bwemana from becoming a farmer now send her photographs of their farms, asking for advice. She remembers when they thought she needed some. Her grades were good enough to pursue a career in medicine. Why waste them on agriculture? Some called her father, hoping
Kenyan fintech Payd to resume services after FX losses disrupt customer payouts
The company plans to restart services across its app, WhatsApp chatbot, business platform, and application programming interface (API) on Friday.