👨🏿‍🚀TechCabal Daily – No free exits in Kenya
In today's edition: Kenya proposes 15% CGT on foreign exits || Prosus wants to stop forced Delivery Hero sell-downs || Shareholders to vote on MTN-IHS deal || CAR’s new Internet plan
Tech
Launch Africa’s playbook for managing one of Africa’s biggest VC portfolios
Launch Africa backed over 170 startups across 22 countries. Jeffery Akemu explains how the firm supports that many founders.
Spotify wants more Nigerians paying for music, not higher subscription prices
Spotify, the global music streaming giant, believes Nigerian artists’ streaming earnings will grow not because subscription prices rise, but because more Nigerians begin paying for music.
South Africa’s bPOWERd expands into Nigeria with solar battery rental hubs
bPOWERd's entry comes as Nigeria’s solar energy market expands amid unstable electricity supply and rising energy costs.
IHS Towers board backs MTN buyout as shareholders prepare to vote
The board of IHS Holding Limited has backed MTN Group’s plan to take the telecom tower company private, setting the stage for a shareholder vote that could reshape ownership of one of Africa’s largest digital infrastructure providers.
Zuku doubles internet speeds as Kenya’s broadband market heats up
The upgrade, rolled out last week, raises Zuku’s entry-level package from 15 megabits per second (Mbps) to 30 Mbps at KES 2,799 ($22) a month.
South Africa’s Altron declares $30 million special dividend after profit surge
Altron’s results cap a three-year turnaround that has reshaped the company while returning a substantial windfall to shareholders.
Foreign VC exits in Kenya face 15% tax under proposed law
The proposal in the Finance Bill 2026 tabled before parliament would allow the Kenya Revenue Authority (KRA) to tax gains made by non-resident investors selling shares abroad if those shares derive their value from Kenyan assets or operations.
👨🏿‍🚀TechCabal Daily – Layoffs at Branch
In today's edition: Branch lays off staff || Investec wants an Irish banking licence || SA rail transit agency eyes e-hailing || Orange’s subsea cable plans
Digital Nomads: Africans from 30 countries could spend $871 million more to enter the US
Africans from 30 countries could soon lock up at least $871 million yearly under expanded US visa bond rules that require some first-time travellers to deposit up to $15,000 before entering America for business, tourism, conferences, or family visits.