Leatherback CEO Steps Down as VC Partner
Leatherback CEO steps down as VC Partner, after five years of leading the cross-border payments startup as Toni Campbell takes interim lead. Per TechCabal, while the company did not disclose the reason for his exit, Toni Campbell, a managing partner at Kinfolk Venture Capital, will take over as interim CEO. Adedayo
FirstBank to Shift Procurement Platform to Cloud
FirstBank to shift procurement platform to cloud-based procurement and financial platform, warns of temporary disruptions. This will begin on Saturday, October 26, 2024. The transition is part of the bank’s efforts to improve operational efficiency and service delivery of the system that it uses to manage and pay vendors, though
Traction Apps Cuts Jobs Following OmniRetail Acquisition
Ventures Platform-backed Traction Apps cuts jobs following OmniRetail acquisition, the startup confirmed in a statement to Techpoint Africa noting that the decision was partially motivated by the acquisition. “Following the acquisition of Traction Apps, as with all mergers and integrations, we are optimising certain departments to align with our broader vision. This
High Concerns as Kenya Mandates Mobile Phone IMEI Registration
High concerns as the Communications Authority of Kenya mandates mobile phone IMEI registration as part of tax compliance, effective January 1, 2025. The regulations will apply to all stakeholders, including local assemblers, importers, distributors, and mobile network operators, to ensure that only tax-compliant devices are sold and connected to Kenyan
26 Best Restaurants in Lagos Nigeria This Year
Tuck into the best restaurants in Lagos Nigeria, from local delicacies and suya street food to Pan-Asian, Italian and diasporic dishes The food scene in Lagos is reflective of the city itself: vibrant, flavourful, spirited, and diverse. Regardless of the time of day, street food stalls and fine dining restaurants offer a
Telcos in Zimbabwe Adjust Tariffs as Currency Devaluation Continues
Telcos in Zimbabwe adjust tariffs as currency devaluation drives up operational expenses. This comes after the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) reportedly approved a tariff adjustment for local telecom companies due to the recent drop in local currency value. Major operators in the country have implemented ZWG tariff adjustments to
BasiGo Raises $42M to Deliver Electric Buses in East Africa
BasiGo raises $42M to deliver electric buses in East Africa. The funding round includes $24 million in Series A equity funding and $17.5 million in debt facilities from British International Investment (BII) and the United States Development Finance Corporation to deliver 1,000 electric buses in 3 years. Africa50, a pan-African
Mo Abudu Biography: An In-depth Look at Her Life, Work, & Legacy
Mosunmola Abudu, also known as Mo Abudu, is a Nigerian Media Mogul, philanthropist, and former human resources management consultant. She has been described by Forbes as ‘Africa’s Most Successful Woman’, and rated as one of the ’25 Most Powerful Women in Global Television’ by The Hollywood Reporter. Mo Abudu Biography
Top 15 Accounting Software for Startups in Africa This Year
Managing finances is one of the most critical aspects of running a startup. For new entrepreneurs, keeping track of income, expenses, taxes, and overall financial health can be daunting without the right tools. That’s where accounting software comes in. With the right accounting software, startups can streamline their financial processes,
Ethiopia Excludes Diaspora and Foreign Investors from Ethio Telecom IPO
Ethiopia excludes diaspora and foreign investors from Ethio Telecom IPO (Initial Public Offering), for Ethio Telecom — the state-owned telecom giant that holds a dominant 95% market share, TechCabal reports. This decision comes ahead of the launch of the Ethiopian Securities Exchange (ESX), the country’s first stock market, which is set to
