“$200k isn’t enough”: Madica’s Emmanuel Adegboye on the brutal reality of early-stage funding
Madica has invested at least $200,000 in over a dozen African startups but its head, Emmanuel Adegboye, has learnt that sometimes more is needed.
Tech
MTN controls 55% of Nigeria’s fibre market, but the overall sector remains tiny
MTN Nigeria has emerged as the dominant player in Nigeria’s fibre internet market, but its growing lead masks a bigger problem: fixed broadband remains a tiny part of the country’s internet market.
The 1.19% real return: Is investing ₦100,000 in Nigerian Treasury bills still worth it?
At the recent September 9 auction, total investor demand reached ₦2.64 trillion ($1.99 billion). The Debt Management Office (DMO) ultimately allotted ₦1.05 trillion ($792.8 million)—more than double its initial planned offer—with 364-day bills accounting for 91% of total subscription volume.
South Africa’s GoTyme says instant payments don’t have to come with fees
PayShap, South Africa’s instant-payment rail, has been available to bank customers since 2023.
Kenyan startup Twiga Foods enters administration after years of financial pressure
The administration follows nearly three years of job cuts, financial pressure and multiple changes to Twiga’s business and corporate structure.
The stablecoin payment strategy Flutterwave built
Flutterwave appears to have made an early decision. It does not need to issue the dominant stablecoin, own or integrate the dominant blockchain, or persuade businesses to adopt crypto. Its opportunity is to make several different forms of digital money usable inside the payment system it already ope
👨🏿🚀TechCabal Daily – Kenya’s big bank theory
In today's edition: Uber defends UberX decision in SA || ‘Too important to fail’ || Bidvest suffers attack || Carrefour’s Kenya moment
Next Wave: The antifragile startup
A startup does not always know which part of its business will work best or which market will become difficult.
Uber is gone. Shuttlers wants Lagos commuters to share their next ride
Shuttlers thinks that by assuring drivers a fixed amount, giving riders cheaper options and relying on customers' trust, it can make shared rides work in Lagos.
Why a $103,000 US visa tax might be the best thing to happen to Africa’s tech ecosystem
Empirical data now confirms that the $100,000 surcharge did not suppress American demand for foreign tech expertise; instead, it fractured the market by penalising direct offshore hiring while insulating onshore recruitment.