What state-generated electricity could mean for tech in Nigerian
President Buhari signed 16 bills into law last week in a bold move that will bring changes to several parts of the 1999 Constitution. Amongst other things, the assent of…
How WomHub wants to facilitate female entrepreneurship in Cape Town
WomHub, a Cape Town based female-founder innovation and coworking space, has officially opened its doors to the public. The space aims to provide a supportive community and workspace for women…
SA’s Competition Commission establishes inquiry into distribution of media content via digital platforms
In a move mirroring that of Australia which led to Google threatening to ban Search in the country, South Africa’s Competition Commission has announced that it has published the draft…
Zumi shuts down again, letting go of 150 employees
B2B e-commerce startup Zumi is shutting down due to its inability to raise the funding necessary to sustain its operations. This close will see the company lay off its team…
Silvergate’s shutdown is affecting African fintech startups
Silvergate, the American bank famed for bridging the gap between the banking system and the crypto world, wound up last week after recording historic losses. Before its collapse, the bank…
Why some states are not domesticating the Nigerian Startup Act
The Nigerian Startup Act has been passed into law since October 2022, but only a handful of states have made concrete efforts toward the domestication of the Act. Why is…
Corporation for Deposit Insurance
Deposit Insurance Scheme
ecosystem
Silicon Valley bank
South African Reserve Bank
South Africa’s bank deposit insurance scheme to become law in 2024
The well-documented collapse of Silicon Valley Bank (SVB) over the last few days has shown the need to protect often unknowing customers from the unpredictable and sometimes incredibly risky actions…
An obituary of Naspers Foundry
On Monday, March 13, Naspers’ R1.4 billion (~$77 million) venture capital fund, Naspers Foundry, was shut down by the company, with the fund’s portfolio companies and any further investments to…
AccountAble wants to help startups outlive their founders
Martins*, a Nigerian entrepreneur in his late forties, had established two wholesale outlets for selling alcohol. However, just two years after opening his second shop, he was forced to close…
PayShap launches in South Africa to enable real-time digital payments
PayShap, an interbank, and real-time digital payments service built as a collaborative effort between Bankserv, a clearing house owned by South African commercial banks, and the South Africa Reserve Bank…