How unpaid salaries and vendor debts forced FoodCourt to pause operations
A March kitchen strike over unpaid wages forced FoodCourt to stop orders. By April, its last branch paused as the startup sought funding.
Tech
👨🏿‍🚀TechCabal Daily – LemFi comes into Wealth
In today's edition: Quick Fire 🔥 with Sheriff Adedokun || LemFi acquires Wealth8 || South Africa proposes crypto tax rules || Who secured the bag?
Quick Fire 🔥 with Sheriff Adedokun
Meet Sheriff Adedokun, an entrepreneur and software builder with over a decade of experience scaling technology businesses across Africa and international markets.
Catalyst Fund completes $30 million second close to back Africa’s climate-tech startups
For Catalyst Fund, investing in climate technology has evolved from being impact-focused as the sector proves it can deliver both commercial returns and measurable impact.
Afreximbank says Spiro investment signals Africa’s battery ambitions
His comments offer the clearest indication yet that Africa's multilateral trade finance bank is moving beyond financing mining projects to backing an integrated battery value chain.
Nigeria heads into 2027 election worried about AI, report warns it’s unprepared
The findings come as election authorities across Africa grapple with the growing use of artificial intelligence in political campaigns, including the use of deepfake audio and edited images.
Novastar joins Google Africa Applied AI Lab to back startups
Novastar Ventures will work with other VC firms in identifying and supporting African startups building AI-powered solutions for Google's Africa Applied AI Lab.
Battery rentals spread from South Africa to Nigeria as energy costs rise
Instead of spending heavily on generators, inverters or rooftop solar, more South Africans are renting batteries that keep homes and businesses running during power cuts.
Kenya court says restructuring alone cannot justify layoffs, raising startup risks
The judgment came in a case involving Nokia Solutions and Networks Kenya, which was ordered to pay former employee Byron Otega KES 9.8 million ($76,000) after the court found his redundancy was unfair and unlawful.
Nigeria’s new identity law turns NIMC into the country’s digital trust authority
The new NIMC law expands its statutory responsibilities to include digital identity, Public Key Infrastructure, Digital Public Infrastructure and functions related to securing digital identities