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Multinational oil giant Shell acquiring a clean-energy company is further proof that we’re in interesting times, given Shell’s history with pollution. Sultan covered that story this week, and we highlight it here, alongside other fine stories from TechCabal this week.
Kelechi Njoku Senior Editor, TechCabal.
The future is brittle for several startups due to the funding winter. Three months after Kenyan foodtech Kune shut down, another Kenyan startup Sky.Garden, a B2C marketplace, has announced that it may have to tow the same path soon.
Over 2,000 Nigerian investors have petitioned Kenyan courts to release funds which were earlier frozen by the Asset Recovery Agency (ARA) in a fraud investigation against fintech unicorn Flutterwave.
Nigerians accused the Lagos Safety commission of overtaxing the tech sector when it announced that all coworking spaces and tech hubs would be required to pay an annual sum of ₦150,000 ($347) for upcoming audits. Now the audits have been suspended.
Uber and Bolt drivers stage go-slow protest in Kenya to pressure both ride-hailing companies to reduce their commissions to 18%. The drivers say that the rising cost of fuel is burning too much off their earnings.
Nigeria’s apex bank has raised interest rates to a record high to stope the record inflation. This is in the best interest of Nigerians, but things may get worse before they get better as commercial banks will also increase their interest on loans they offer business people.
Oil-producing giant Shell has a long history in Nigeria albeit muddled with civil and environmental scandals. This week it made its first clean-energy acquisition in Nigeria; it acquired Nigeria-based clean energy startup Daystar Power.
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E-commerce giant Jumia now has wings. It has partnered with drone delivery service Zipline to offer on-demand drone delivery services to its costumers in Africa. The service will first roll out in Ghana and not Nigeria, its biggest market.
Ruto has snagged yet another win: cheaper Fuliza loans. Ahead of a planned presidential review of Kenya’s credit scoring system, Safaricom and its partner banks reduced daily charges for loans below Sh1000 ($8.29) from Fuliza, a short-term digital loan product.
The battle lines for 5G dominance have been drawn in South Africa and most telecoms in the country know that victory belongs to those who have access to fibre. How have MTN, Rain, Vodacom, Telecom and others have been running so far?
Paymob, an Egyptian payment and shopping app, has partnered with Tabby, a Dubai-based buy-now-pay-later (BNPL) platform to offer interest- and fee-free payment solutions to over 120,000 merchants in Egypt. .
Independent Nigeria is 62 today! How many words can you create from “Nigerian” without repeating any letter? Find out.
Written by: Ngozi Chukwu
Edited by: Kelechi Njoku
18, Nnobi Street, Surulere, Lagos, Nigeria
