👨🏿‍🚀TechCabal Daily – Tolaram secures $51m debt
In today's edition: Quizzes || Tolaram secures $51 million funding || Nomba raises $3 million || Who secured the bag? đź’°
Tech
Uber is gone. Its users must find another way around Nigeria.
For thousands of Nigerians who frequently use ride-hailing platforms, Uber's exit after 12 years came as a surprise, raising questions about what comes next.
Village Capital deploys $450,000 in first Nigeria investments
The Nigeria investments come as early-stage startups continue to face a difficult funding environment.
Nomba raises $3 million to target Africa–Asia payment corridor
Nomba has raised a $3 million debt facility through CardinalStone Finance Company Limited to expand its cross-border payments infrastructure across Central Africa.
As Nigeria’s capital market surges, Daba and Coronation want global investors in
The partnership comes as Nigeria's stock market continues its surge. The NGX ended August with an all-share index year-to-date return of 56.93%.
Inside ISWAP’s secret AI units in Northern Nigeria
Around military bases across northeastern Nigeria, deep defensive trenches serve as a low-tech bulwark against militants from Islamic State West Africa Province (ISWAP), a Boko Haram breakaway faction. Because motorcycles cannot easily cross these ditches, the perimeter defenses give soldiers crucia
Capitec’s $33.8 billion business joins A2X as it expands beyond banking
It also comes as Capitec evolves beyond traditional banking into a digital platform spanning payments, connectivity, devices, insurance and financial services.
With Uber gone, Bolt says Nigeria “remains an important market”
Uber’s departure leaves Bolt as the other major international ride-hailing platform serving Nigeria.
👨🏿‍🚀TechCabal Daily – Uber goes bye-bye
In today's edition: Uber ends operations in Nigeria and Uganda || Win for Uber and Bolt in Kenya || Pick n Pay’s grocery app had a bad delivery day || FNB experiences outages
“Things will become even tougher for us,” Uber drivers say after Nigeria exit
“I have been with Uber for many years,” he told TechCabal. “It is sad they have to go, and it will affect my line of business because they are one of the major apps I use.”