👨🏿‍🚀TechCabal Daily – Shoprite, pay right
In today's edition: MTN Nigeria has a new growth problem || WIOCC raised $300 million || Shoprite finalises R&A Cellular acquisition || Kenya merges eTIMs with government payments
Tech
MTN Nigeria is making more money but earning less from each customer
MTN Nigeria is making more money than ever. But its average customer is contributing less to that growth.
Tim Cook leaves a $4 trillion Apple with unfinished business in Africa
Apple now has more than 2.5 billion active devices and operates more than 500 stores globally. None of those stores are in Africa.
Grey targets Africa-China trade with direct yuan payments
As African businesses adopt cross-border virtual accounts and stablecoins for international transactions, startups are building the last mile into markets such as China, where directly settling supplier accounts could make their products hard to replace.
MTN wants MoMo to crack South Africa’s cash-heavy payments market
South Africa will serve as an important test of whether the mobile-money model that worked in less banked markets can be adapted to a more mature financial system.
Nokia turns to AI as Africa’s telecom market enters its next phase
Nokia expects AI-native networks, edge computing, automation and software to become increasingly important
The regulatory quagmire stifling Francophone Africa’s startups
Francophone Africa has a growing startup ecosystem, but expanding across borders remains difficult. From OHADA regulations to currency restrictions, several structural barriers make it harder for startups to scale across the region.
Tanzanian influencer sues Meta over alleged government-driven account suspensions
Kimambi, who lives in the US, filed the 36-page complaint on August 21 in the Superior Court of California in San Mateo County, where Meta is headquartered.
ChipMango raises $1.9 million to build Africa’s chip-design talent
Atlantica Ventures, an Africa-focused impact venture capital fund, led the round, with participation from DFS Labs, Kaleo Ventures, Madica, Trilinear Technologies, Malta Ventures and other investors.
👨🏿‍🚀TechCabal Daily – Paystack cuts the Allawee
In today's edition: CBK approves Nedbank-NCBA deal || Nigerian fintech Allawee folds into Paystack || Yele Bademosi transitions to chairman at Onboard || Namibia launches DigiNam, a digital ID infrastructure