👨🏿‍🚀TechCabal Daily – Ethiopia is Awash with shares
In today's edition: Quick Fire 🔥 with Kolawole Bekes || Ethiopia’s biggest bank goes public || South Africa to spend on IT revamp || Who secured the bag? 💰
Tech
Swoop raises $7.3 million seed for African super app, food delivery first
Swoop’s seed raise is one of the largest seed rounds disclosed by an African consumer startup.
Nigerian telecom customers to receive airtime refunds after disruptions, says NCC
Nigeria’s telecom subscribers will receive airtime refunds as compensation for poor service experienced between November 2025 and January 2026. The refunds will begin on Friday,
Mauritius’ new AI policy makes ethics mandatory, not optional
Mauritius’s approach reflects a broader shift in how African countries may position themselves in the AI landscape.
Kenya’s BuuPass enters corporate travel market with new booking product
Since its founding in 2017, the company says it has sold more than 30 million tickets and processed over $100 million in travel transactions in the past year alone, primarily across Kenya, Uganda, and South Africa.
👨🏿‍🚀TechCabal Daily – New airtime lenders are in town
In today's edition: FCCPC approves five airtime and data lenders || M-Tiba to shut down health savings app || Absa Kenya is spending $23M on digital banking || Chery's new EV in South Africa
Absa Kenya to spend $23.2 million a year in digital banking push
The bank said the recurring investment will make transactions easier and support its push into digital banking.
Kenya’s M-TIBA refunds users after shutting health savings wallet
The decision marks a shift in M-TIBA’s model, from a consumer health savings wallet to an insurance management platform.
👨🏿‍🚀TechCabal Daily – Kenya freezes Binance wallets
In today's edition: CBN, NCC partner to monitor phone numbers || Kenya freezes accounts of Binance users || South Africa plans to investigate over-the-top platforms || Plug-in hybrid EVs reach record sales in South Africa
Nigerian Web3 startups raised $43 million in 2025, but growth remains early
The rebound masks an ecosystem still dominated by early-stage bets and a narrow focus on stablecoin-driven payments.