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The Real Battle Between Banks and Fintechs is just Beginning

The battle between banks and fintechs is just getting started

Business, ecosystem, FinTech, Government, Mobile, News, Policy, startups, Technology

7th November 2019

The Central Bank of Nigeria (CBN) wants banks to lend more. This time it’s not just talking. It is compelling them, somewhat. But the new policy it has issued could set the stage for the first real tussle between banks and fintechs.

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My Life In Tech: At 28, Oghenetega Iortim is solving Africa’s coldchain logistics problem

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My Life In Tech is putting human faces to some of the innovative startups, investments and policy formations driving the technology sector across Africa. Gricd occupies a small office space in a factory inundated with large machinery. The factory is in Oregun, an industrial area on the Lagos mainland. The first time I learn about […]

QUIZ: Did you read TechCabal this week?

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15th November 2019

Hello! Is this thing on? Many people have accused of not being fun (hi, haters) and so we’re introducing a new weekly feature: the TechCabal Quiz. Take the quiz, screenshot your answers, tweet at us, and share among your friends!

$40 million from TECNO and a Visa Partnership: PalmPay’s bold Nigeria play

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Alexander O. Onukwue

15th November 2019

PalmPay is the latest fintech gunning for a slice of Nigeria’s financial services pie. At its formal launch this week, the company announced it has received a seed-stage injection of $40 million from TECNO. The Chinese phone brand is owned by Transsion Holdings, the company seemingly on a mission to understand and dominate the African […]

The difficult business of music streaming in Nigeria

Apps, Business

Olumuyiwa Olowogboyega

15th November 2019

UduX is the latest in a string of music streaming companies to launch in Nigeria. We take a look at just how difficult it is to make a profit in the streaming business

The unfulfilled promise of digital real estate services in Lagos

Products, Technology

Abubakar Idris

14th November 2019

Online platforms that allow people to post classifieds, including real estate, online. PropertyPro promised a “stressless approach to getting your dream home.” My experience on these platforms was far from this promise.

Visa’s Interswitch deal set to go through in Q1 2020 after regulatory approval

Business, ecosystem, FinTech, News, Technology

Abubakar Idris

13th November 2019

Visa has officially confirmed that it has acquired a stake in Interswitch, one of Africa’s biggest fintech companies. The deal is now subject to regulatory approval and is expected to close in the first quarter of 2020. Once completed, Visa will join firms like the IFC, Helios Investment Partners, TA Associates as shareholders. Both companies […]

With NIMA Codes, your phone number is your house address

Business, Technology

Alexander O. Onukwue

13th November 2019

Your current home address is much simpler than the one invented two hundred and fifty years ago in 18th century Europe. When autocrats of the time gave orders for houses to be numbered, it was to reinforce administrative control over subjects: track soldiers evading combat, collect more taxes, keep the people in check. Private mail […]

JumiaPay is Jumia’s fastest growing business, Q3 Report shows, as losses mount

Business, ecosystem, FinTech, News, startups

Abubakar Idris

12th November 2019

Thanks to scandals, the e-commerce company has had a rocky year since it listed on the New York Stock Exchange in April. But its Q3 report is a bit of a mixed bag.