TechCabal Insights

Check out our #statoftheday Nigeria's public debt reached an all-time high of ₦134.3 trillion in June 2024, a 53.66% increase in one year, likely driven by a weakened currency. While the dollar equivalent fell from $113.4 billion to $91.3 billion, this doesn’t signal relief—it’s the exchange rate at play. This high debt could impact investor confidence and challenge the country's tech ecosystem. . #tcinsights #Nigeria #Africantechecosystem # Follow us for more insights on the African tech ecosystem

🚀 $5.9M in funding was raised this week by 4 #AfricanStartups!⁠ Here’s a breakdown of each deal:⁠ ◻ Egypt-based supply chain startup Qara Digital Solutions secured $2.6M to enhance operations and expand into Saudi Arabia. (Nov 19).⁠ ◻ Egyptian insurtech startup Amenli raised $2.3M in a round led by EBRD, with Y Combinator as a follow-on investor. (Nov 19).⁠ ◻ Senegal-based electric mobility startup Solarbox Africa closed a $1M pre-seed round with backing from Digital Energy Facility, Launch Africa Ventures, and more. (Nov 21).⁠ ◻ Nigeria’s Beacon Power Services completed a Series A round (amount undisclosed), led by Partech with multiple global investors participating. (Nov 19).⁠ 👉 Follow us for weekly updates on funding trends in the African tech ecosystem!⁠ #tcinsights #AfricanStartups #dealtracker #funding

While we're still celebrating 10 years of Big Cabal Media, guess which team won the award for most outstanding team of this quarter? Yes, we did it! From managing the event programming of #MoonshotbyTechCabal to delivering some of the most impactful reports in the ecosystem, we’re proud to have the best and brightest minds on this team. A huge shoutout to our team lead, Olanrewaju Odunowo (CPSP), Amam Okafor(Senior Consultant), Mobolaji Adebayo (Senior Data Analyst), Stephen Agwaibor (Data & Content Associate), Eniola Sosan (Events Manager), Victoria Olanipekun(Events Associate), and Oluwaseun Joseph (Data Analyst Intern) for putting their best foot forward every day. Your hard work, dedication, and sharp insights continue to drive our mission forward!  . #tcinsights #BCMat10

Just as the internet reshaped the world, AI will define the next era of human progress. But where does Africa stand? Without control of our data, how do we build AI solutions that reflect our needs so we won't be left behind? As part of Moonshot Conversations, TechCabal Insights and The Rundown brought together AI experts to tackle this question. Moderated by Oluwatimilehin Odueso, here’s what Zain Verjee, Co-founder of The Rundown, Clinton Oduor, head of data science at Amini and Megan Yates, founder of Zindi had to say about bridging the gap Learn more: https://lnkd.in/dAtkhMda . #tcinsights #AI #ArtificialIntelligenceinAfrica #Data #Africantechecosystem

Ismael Belkhayat, CEO of Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa, talks about the shift toward omnichannel retail in Africa. He highlights that the increasing competition from global and regional brands pushes local retailers to rethink their strategies and enhance their customer experience. Also, the rise of internet access, smartphone usage, and fast delivery services like Glovo are accelerating this shift, enabling retailers to seamlessly integrate digital and physical channels. Read the full interview here: https://lnkd.in/dVGnyeh3

Check out our #Statoftheday 850 million people globally lack legal identification, with a significant number living in Sub-Saharan Africa and Southern Asia. This limits access to financial services, healthcare, and even mobile connectivity. As digital solutions expand across the continent, closing the ID gap could unlock opportunities for millions. Want to know more about Nigeria's Identity landscape? Read here: https://lnkd.in/d4epJGCX . #tcinsights #digitalidentity #Africantechecosystem

Just as the internet reshaped the world, AI will define the next era of human progress. But where does Africa stand? Without control of our data, how do we build AI solutions that reflect our needs so we won't be left behind? As part of Moonshot Conversations, TechCabal Insights and The Rundown brought together AI experts to tackle this question. Moderated by Oluwatimilehin Odueso, here’s what Zain Verjee, Co-founder of The Rundown, Clinton Oduor, head of data science at Amini and Megan Yates, founder of Zindi had to say about bridging the gap Learn more: https://lnkd.in/dAtkhMda . #tcinsights #AI #ArtificialIntelligenceinAfrica #Data #Africantechecosystem

🚀 Celebrating 10 years of our parent company, Big Cabal Media! We're excited to share the work we've done at TechCabal where we’ve chronicled Africa’s tech evolution with stories that matter. From groundbreaking investigations to in-depth analyses, here are the Top 10 Most Important Stories we’ve told in the past decade. 👇 1/ We uncovered how hackers infiltrated Globacom, Nigeria’s third-largest telco, after a year-long investigation involving 30+ sources. 📖 Read the full story: https://lnkd.in/gUcK__yp 2/ We did an exposé on the toxic work environment at a Nigerian payroll management startup. This story sparked conversations about workplace accountability in tech. 📖 Read here: https://lnkd.in/d23aaBNh 3/ When Nigeria banned Twitter in 2022, free speech and the digital economy took a hit. We analyzed its impact on society. 📖 Dive in: https://lnkd.in/dgjDXJG 4/ GTBank, Sterling, and Access Bank are reshaping the Nigerian banking landscape. Here’s why they chose the HoldCo model. 📖 Read the analysis: https://lnkd.in/dsVCUq8 5/ Huawei’s influence on Nigeria’s telecoms and enterprise landscape is often understated. We delved into their rise to dominance. 📖 Full story: https://lnkd.in/d2w9-mYS 6/ This exclusive report uncovered a ₦40 billion fraud scandal at Nigeria’s oldest bank, First Bank. 📖 Learn more: https://lnkd.in/ddypWFmK 7/ Our comprehensive review of Dr. Bosun Tijani’s first year as Nigeria’s Minister of Communications, Innovation, and Digital Economy. 📖 Explore the journey: https://lnkd.in/d_g7iA-Q 8/ From humble beginnings to being a giant, Jumia’s decade-long journey in African eCommerce is a story worth telling. 📖 Read the article: https://lnkd.in/dXCei_kM 9/ A look into the influence of Chinese billionaire Yahui Zhou in shaping OPay’s success in Nigeria’s fintech space. 📖 Full piece: https://lnkd.in/dK3iYdUJ 10/ Once a beacon of hope in Web3, Lazerpay’s story ended in a shutdown due to capital shortages. Here’s what happened: 📖 Read more: https://lnkd.in/dvn6WtPh Big Cabal Media has been the voice amplifying the African narrative for 10 years. These stories are just a glimpse of our commitment to telling stories that matter. 🎉 Which story resonated with you the most? Let us know in the comments! 🚀 #BCMAt10 #TechCabal

🚀 $5.9M in funding was raised this week by 4 #AfricanStartups!⁠ Here’s a breakdown of each deal:⁠ ◻ Egypt-based supply chain startup Qara Digital Solutions secured $2.6M to enhance operations and expand into Saudi Arabia. (Nov 19).⁠ ◻ Egyptian insurtech startup Amenli raised $2.3M in a round led by EBRD, with Y Combinator as a follow-on investor. (Nov 19).⁠ ◻ Senegal-based electric mobility startup Solarbox Africa closed a $1M pre-seed round with backing from Digital Energy Facility, Launch Africa Ventures, and more. (Nov 21).⁠ ◻ Nigeria’s Beacon Power Services completed a Series A round (amount undisclosed), led by Partech with multiple global investors participating. (Nov 19).⁠ 👉 Follow us for weekly updates on funding trends in the African tech ecosystem!⁠ #tcinsights #AfricanStartups #dealtracker #funding

In this compelling keynote address at Moonshot 2024, Sade Dada, Meta's Head of Public Policy, Anglophone West Africa, discusses the crucial role of open and responsible innovation in advancing emerging technologies across Africa. Sade highlights the importance of policy frameworks, connectivity, and inclusivity in fostering sustainable tech ecosystems on the continent. Click here to watch the full video on YouTube: https://lnkd.in/dKeQneh4 #Moonshot2025 #TheMoonshotPodcast #MoonshotByTechCabal