TechCabal

Kenya’s Communication Authority (CA) has proposed new licencing rules for cybercafés, requiring them to collect detailed user records including ID, install CCTV systems on their premises, and implement login software on all devices. “PCACs that provide internet browsing services be licensed under the category of internet cafes and conditions set by the authority including provisions for record keeping, logging-in software, CCTV surveillance, as well as identification of persons accessing the service point,” the CA said. Get all the details 👉 https://lnkd.in/dgmSTGzX  

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have ordered banks to pay ₦212.5 billion—85% of a ₦250 billion debt owed to telecom operators for USSD charges—by December 31, 2024. The December 20 directive seeks to expedite debt settlement and enforce strict payment timelines. Failure to comply with the directive will lead to sanctions, including fines, operational restrictions, or other regulatory actions designed to enforce compliance. Get all the details 👉 https://lnkd.in/duVweRaa 

EXCLUSIVE: The Nigerian Communications Commission (NCC) has approved a long-pending proposal for telecom tariff hikes, with new rates for calls, SMS, and internet bundles expected to take effect in January 2025. This marks the end of over a decade of lobbying by telecom giants like MTN Nigeria, Airtel, and 9Mobile, who have called for price adjustments to reflect economic realities. If adopted, the cost of a phone call will increase from ₦11 to ₦15.40 per minute and SMS charges will rise from ₦4 to ₦5.60. For data plans,  the price of a 1GB bundle will increase from ₦1,000 to at least ₦1,400. Get all the details 👉 https://lnkd.in/dvmpzgAg 

EXCLUSIVE: The Nigerian Communications Commission (NCC) has approved a long-pending proposal for telecom tariff hikes, with new rates for calls, SMS, and internet bundles expected to take effect in January 2025. This marks the end of over a decade of lobbying by telecom giants like MTN Nigeria, Airtel, and 9Mobile, who have called for price adjustments to reflect economic realities. If adopted, the cost of a phone call will increase from ₦11 to ₦15.40 per minute and SMS charges will rise from ₦4 to ₦5.60. For data plans,  the price of a 1GB bundle will increase from ₦1,000 to at least ₦1,400. Get all the details 👉 https://lnkd.in/dvmpzgAg 

South Africa’s digital lender Tyme Group has raised $250 million in a Series D round at a $1.5 billion valuation. With the valuation, Tyme becomes Africa’s ninth unicorn, two months after Nigeria’s Moniepoint hit the billion-dollar threshold. Tyme plans for an initial public offering by the end of 2028. The funding round was led by Nu Holdings, the parent company of Nu Bank, Latin America’s most valuable fintech, which invested $150 million for a 10% stake. M&G Catalyst Fund and existing investors also participated in the round. The latest funding signals an investor return to investing in the continent after a slowdown in funding. Get all the details 👉 https://lnkd.in/d5dwdSWX

A recent report by the African Business Angel Network (ABAN) reveals that 77% of African angel investors have invested less than $25,000 in startups between 2022 and 2024. The finding points to a cautious, risk-averse approach among investors in the continent’s startup ecosystem. The report also shows African angel investors’ varied approaches, depending on their risk tolerance and investment goals. Half of those surveyed opt for equity investments via Simple Agreements for Future Equity (SAFE), a tool typically used by risk-tolerant investors who hope for high returns in the long run. Meanwhile, 28% of angel investors prefer debt instruments, such as convertible notes or loans. These options offer quicker returns and shorter timelines, appealing to more risk-averse investors looking for a faster payoff without completely forgoing a stake in early-stage ventures. Click the link to learn more 👉 https://lnkd.in/dkf62wYG