Uncategorized | TechCabal https://techcabal.com/category/uncategorized/ Leading Africa’s Tech Conversation Fri, 06 Sep 2024 05:58:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://techcabal.com/wp-content/uploads/tc/2018/10/cropped-tcbig-32x32.png Uncategorized | TechCabal https://techcabal.com/category/uncategorized/ 32 32 👨🏿‍🚀TechCabal Daily – How OmniRetail cracked African e-commerce https://techcabal.com/2024/09/06/techcabal-daily-new-changes-at-flutterwave/ https://techcabal.com/2024/09/06/techcabal-daily-new-changes-at-flutterwave/#respond Fri, 06 Sep 2024 06:00:00 +0000 https://techcabal.com/?p=142436

TGIF ☀

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We’ve partnered with Zedcrest Wealth to host the first edition of the Money Titan Tournament at Moonshot 2024. Test your financial literacy by competing in five exciting stages, from Beginner to the Grand Finale, with rewards at every level.

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Companies

How did OmniRetail crack B2B e-commerce in Africa?

Deepanker Rustagi
Image Source: Ganiu Oloruntade/TechCabal.

African B2B e-commerce businesses raised a combined $423 million between 2021 and 2022 because their value proposition worked: they helped informal retailers stock up inventory faster by connecting them to wholesalers.

Fast-moving consumer goods (FMCG) needed to be sold off quickly due to their short shelf life and to accommodate the high demand for these products. But the delivery delay from distributors made this a lingering problem. Retailers were losing money and business was shrinking.

B2B e-commerce companies formed partnerships with manufacturers, often deploying their logistics fleet and inadvertently displacing distributors. Soon, this situation kept everyone in a bind: retailers wanted better rates, and the companies had to compete with distributors.

These businesses were seeing some red as low margins and unit-level losses became challenges for the business. Yet OmniRetail, a B2B e-commerce company founded by Deepanker Rustagi in 2019 claims it has cracked the code to profitability.

OmniRetail does not attempt to replace the middlemen. It offers three products: Omnibiz for retailers, Mplify for distributors, and an embedded finance app, Omnipay for facilitating payments. 

Retailers place orders on Omnibiz, and the company, using their bulk orders as a bargaining chip, gets favourable discount offers that they pass to the retailers. As soon as these orders tick off, distributors pick it up on Mplify and deliver last-mile to retailers. 

“The value chain margin in commerce has various layers, including distributors, wholesalers, and retailers. If you can play a role in these different layers of efficiency, you can get a large amount,” said Rustagi.

For a company that claims to have achieved net profitability, OmniRetail’s asset-light approach allows it to achieve even greater economies of scale.

Go deeper in our OmniRetail coverage here.

Read Moniepoint’s 2024 Informal Economy Report
Moniepoint image

Did you know that 57.7% of the business owners in Nigeria’s informal economy are under 34 years old? Click here to find out more about the demographics of Nigeria’s informal economy.

Companies

Flutterwave names Mitesh Popat as new CFO

The Zimbabwe Gold
Image source: Flutterwave

Flutterwave has appointed Mitesh Popat as its new chief financial officer (CFO), replacing former CFO Oneal Bhambani who left the company in November 2023.

Before joining Flutterwave, Popat spent 18 years at Citi where he served as CFO for the Middle East and Africa (MEA). Popat revels in executing financial business growth strategies. His work navigating financial compliance at Citi in the MEA region is an addition Flutterwave will be keen on having on their team, given their expansion goals. 

In 2024, the fintech company expanded its payments infrastructure to Southern and Eastern African markets, with its latest licence acquisition in Uganda. Equally, the company is actively cutting off cash-burning products and aggressively pursuing new growth markets.

It has shut down its struggling money transfer product, Barter, opting instead to stick with its remittance product, Send. It also shifted its focus to enterprise payments and laid off 3% of its staff who were working on products the company deemed surplus to requirements.

Flutterwave is looking to connect more African markets to its ecosystem. And Popat’s new job will see him ask questions daily about how the company will capture more money while losing less—to boost retail investors’ confidence—as it continues to front-pedal its plan to go public.

Fincra secures International Money Transfer Operator (IMTO) licence in Nigeria
Fincra image

Since its inception, Fincra has provided businesses with local payment options. However, with the IMTO licence, Fincra can now manage funds transfers from abroad to Nigerian recipients more efficiently. Read more here.

Insights

Funding Tracker

Funding Tracker
Image source: Stephen Agwaibor/TechCabal

This week, Nigeria’s Kredete, a financial software platform, secured $2.25 million in seed funding. The funding round was led by Blockchain Founders Fund, with participation from Techstars, Tezos Foundation, Polymorphic Capital, Launch Africa, Neer Venture Partners, and DNA Fund. (September 2)

Here are other deals for the week:

  • Chpter, a Kenyan e-commerce startup, raised $1.2 million in a pre-seed round. Pani led the funding round with participation from Plesion Capital, Techstars, Norrsken, Renew Capital, Viktoria Ventures, and angel investors. (September 2)
  • Tunisian IoT-based smart energy management solution startup Wattnow announced the closing of an undisclosed multi-million dollar funding round. The round was led by Lateral Frontiers and 216 Capital, with participation from Outlierz Ventures, Satgana, Octerra Capital, and other strategic angel investors. (September 4)

Follow us on Twitter, Instagram, and LinkedIn for more funding announcements. Before you go, our State of Tech in Africa H1 2024 Report is out. Click this link to download it.

Paystack Virtual Terminal is now live in more countries
Paystack image

Paystack Virtual Terminalhelps businesses accept secure, in-person payments with real-time WhatsApp confirmations and ZERO hardware costs. Enjoy multiple in-person payment channels, easy end-of-day reconciliation, and more. Learn more on the Paystack blog →

CRYPTO TRACKER

The World Wide Web3

Source:

OneLiquidity  logo

Coin Name

Current Value

Day

Month

Bitcoin $56,408

– 1.32%

– 1.30%

Ether $2,380

– 1.28%

– 5.85%

Toncoin

$4.86

+ 6.20%

– 15.75%

Solana $129.44

– 2.88%

– 15.75%

* Data as of 06:40 AM WAT, September 6, 2024.

Events

  • Inside the big stories transforming the Arabian Peninsula and the world. Introducing Semafor Gulf – your go-to source for understanding the rising influence of Saudi Arabia, the UAE, and Qatar. Three times a week, the Semafor Gulf newsroom will bring you original reporting that examines how the region’s financial, business, and geopolitical decisions shape the world, from culture and investment to infrastructure, climate, and technology. Navigate the region’s capital, influence, and power with Semafor Gulf – subscribe for free here.

  • We’re excited to announce our partnership with Wimbart the second edition of their pioneering pan-African research publication, “Startup Performance Reporting in Africa”. This report will shed light on the intricacies of investor relations within the African tech ecosystem. If you’re a founder, take a couple of minutes to share some key insights with us by filling out this survey

  • The Future of Capitalism Tech Startup Competition is offering $1 million to one lucky tech startup that can transform how businesses today operate. If your tech can save costs, boost efficiency, increase productivity or customer satisfaction, then apply by September 30 for a chance to win. 
Read the guide on how to build a fintech in Africa
Kora image

To build a fintech in Africa, you must navigate complicated regulatory regimes, incorporate in each market, get the right licences, and use the right technology stack. Kora and Norebase put everything you need to build in this guide. Check it out.

Written by:Stephen Agwaibor & Emmanuel Nwosu

Edited by: Olumuyiwa Olowogboyega & Timi Odueso

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]]> https://techcabal.com/2024/09/06/techcabal-daily-new-changes-at-flutterwave/feed/ 0 Top 5 tech events in Lagos between Sept and Dec 2024 https://techcabal.com/2024/08/28/top-5-tech-events-in-lagos-between-sept-and-dec-2024/ https://techcabal.com/2024/08/28/top-5-tech-events-in-lagos-between-sept-and-dec-2024/#respond Wed, 28 Aug 2024 17:19:36 +0000 https://techcabal.com/?p=141852 Top 5 tech events in Lagos between Sept and Dec 2024

Several tech events are set to take place between September and December 2024. These events provide excellent opportunities for networking, learning, and exploring the latest innovations in technology. Whether you’re a tech enthusiast, entrepreneur, or professional, here are the top five 2024 tech events in Lagos you won’t want to miss. These events are also great places to go in Lagos if you’re looking to immerse yourself in the vibrant tech culture.

In no particular order, these are tech events you should attend in Lagos between September and December 2024

1. Africa Creative Market 2024

  • Dates: September 17th – 20th, 2024
  • Location: Landmark Event Centre, Lagos
  • Cost: Free

The Africa Creative Market (ACM) is a cornerstone event for those interested in the intersection of technology and creativity. This year’s theme, “Innovation Meets Imagination,” focuses on how technology is transforming creative industries such as fashion, film, music, and gaming. The event will feature panel discussions, workshops, and showcases, making it one of the essential tech events Lagos 2024. If you’re looking for places to go in Lagos that blend tech with creativity, ACM is the place to be.

2. Moonshot 2024: Building for the World

  • Dates: October 9th – 10th, 2024
  • Location: Eko Convention Centre, Lagos

Cost:

  • Regular: NGN 20,000
  • Prime Local: NGN 120,000
  • Prime International: $250
  • Student: TBD

Moonshot 2024 is arguably one of the biggest tech events that holds in Africa annually. It is all about scaling African innovation to a global audience. With over 4,000 guests, 75+ speakers, and 9 tracks, this event will bring together leaders in the tech ecosystem to discuss and showcase groundbreaking solutions to African challenges. It’s one of the top places to go in Lagos for those eager to connect with movers and shakers in the tech industry. The event will cover various sectors, making it a must-attend for anyone interested in tech events Lagos 2024. Register here now.

3. TECHNOVATE FEST 2024

  • Date: October 17th, 2024
  • Location: The Zone, Gbagada Expressway, Lagos
  • Cost: Free (General Admission and Virtual Admission)

TECHNOVATE FEST 2024 promises a full day of innovation, creativity, and networking. This event is ideal for tech enthusiasts, entrepreneurs, and anyone interested in the future of technology. Attendees will get to experience cutting-edge tech developments and connect with industry experts. As one of the key tech events Lagos 2024, it’s also an excellent venue for those searching for exciting places to go in Lagos that offer insights into the latest tech trends.

4. Africa Startup Festival 2024

  • Date: November 16th, 2024
  • Location: Balmoral Convention Centre, Victoria Island, Lagos

Cost:

  • Visitor: Free
  • Explorer: $6.00
  • Founder: $39.00
  • Investor: $100.00
  • Delegate: $150.00

This festival is a premier event in the African startup scene, bringing together top investors, founders, and innovators. The Africa Startup Festival focuses on how technology is driving strategic innovation across various industries. With its emphasis on networking and deal-making, it’s a critical event for anyone involved in the tech startup ecosystem. Among the many tech events Lagos 2024 has to offer, this festival stands out as a major opportunity for budding entrepreneurs and investors alike. It’s one of the places to go in Lagos if you’re serious about making impactful connections in the tech world.

5. Art of Technology Lagos 6.0

  • Dates: December 4th – 5th, 2024
  • Location: Landmark Event Centre, Lagos
  • Cost: Free 

The Art of Technology Lagos returns for its sixth edition, focusing on the revolutionary impact of Artificial Intelligence (AI). This event will dive deep into how AI is transforming industries such as finance and healthcare. It’s a great opportunity to understand the regulatory frameworks shaping AI’s future and to network with pioneers in the field. If you’re exploring tech events Lagos 2024 that address cutting-edge innovations, this conference should be on your list. It’s also one of the places to go in Lagos to witness the future of AI in Africa.

Final thoughts Top 5 tech events in Lagos between Sept and Dec 2024

Lagos is an epicentre of technology in Africa, and these events showcase the city’s dynamism and innovation. From creativity-driven markets to AI-focused conferences, these 2024 tech events in Lagos offer diverse experiences for tech enthusiasts and professionals alike. If you’re seeking places to go in Lagos that provide insight into the latest tech trends, these events are unmissable. Mark your calendars and be part of the technological revolution in Lagos this year.

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Review of the latest Tecno Pop 9 https://techcabal.com/2024/08/22/review-of-the-latest-tecno-pop-9/ https://techcabal.com/2024/08/22/review-of-the-latest-tecno-pop-9/#respond Thu, 22 Aug 2024 17:18:25 +0000 https://techcabal.com/?p=141457
Review of the latest Tecno Pop 9 with hd picture of pop 9 tecno n tecno logo hd

The Tecno Pop 9 is the latest Tecno Pop series released in 2024. For its power, it comes within affordable ranges in the budget smartphone market. This device, priced from ₦114,000 to ₦131,600, depending on the variant, balances advanced features with value, making it an excellent choice for a good smartphone without parting with a fortune.

Display

Tecno Pop 9 sports a 6.67-inch IPS LCD screen, offering a resolution of 720 x 1612 pixels. The screen refreshes at a remarkable 120Hz, ensuring a smooth and fluid visual experience, especially during gaming or scrolling through content. This smoothness complements the 4.5G fast network support, allowing users to enjoy high-speed internet without lags. The 120Hz refresh rate enhances the display’s responsiveness, making interactions more immediate and engaging.

Performance

Powered by the Unisoc T612 chipset and backed by an octa-core CPU, the Tecno Pop 9 delivers a robust performance for its price. The device runs on Android 14 with Tecno’s custom HiOS 14 UI, providing a seamless and user-friendly experience. The model offers three variants: 128GB storage with 4GB RAM, 128GB with 3GB RAM, and a more affordable 64GB with 3GB RAM. Each variant ensures enough space for apps, media, and more. Tecno brags that users can expect the phone to maintain fluency and speed for over four years, providing long-term value.

Camera

Tecno Pop 9 also shifts photography with its dual rear camera system. The 50 MP main camera, featuring a wide-angle lens with an f/1.8 aperture, captures detailed and vibrant photos, even in low light. The additional AI lens enhances the camera’s adaptability to various shooting conditions. The 8 MP front camera, equipped with dual LED flash, ensures that your selfies remain bright and clear, regardless of the lighting environment.

Battery life

The device houses a 5000 mAh Li-Po battery, which promises to last a full day, even with demanding applications. The 18W fast charging capability quickly recharges the battery, reducing downtime significantly. Users can confidently rely on the Tecno Pop 9 to stay powered throughout the day.

Tecno Pop 9 connectivity

The Pop 9 offers comprehensive connectivity options, including GSM, HSPA, LTE, and 4.5G network support. It also features Bluetooth 5.3, GPS, NFC, and a USB Type-C port for charging and data transfer. A 3.5mm headphone jack provides flexibility for audio output, while the dual DTS speakers deliver rich and immersive sound.

Tecno Pop 9 design and build

The Pop 9 is available in Gravity Black, Mystery White, and Alpenglow Gold. The sleek design measures 163.7 mm in height, 75.6 mm in width, and 8.6 mm in thickness, making it comfortable to hold and use. The side-mounted fingerprint sensor ensures quick and secure access to the device, enhancing both usability and security.

Final thoughts on the latest Tecno Pop 9

Tecno Pop 9 is a well-rounded budget smartphone that does not compromise on quality. Its impressive 120Hz display, robust camera system, reliable performance, and long-lasting battery make it an excellent choice for users looking for value without sacrificing features. 

]]> https://techcabal.com/2024/08/22/review-of-the-latest-tecno-pop-9/feed/ 0 4 easy ways to check MTN number in 2024 https://techcabal.com/2024/08/07/4-easy-ways-to-check-mtn-number-in-2024/ https://techcabal.com/2024/08/07/4-easy-ways-to-check-mtn-number-in-2024/#respond Wed, 07 Aug 2024 17:01:51 +0000 https://techcabal.com/?p=140170
4 easy ways to check MTN number in 2024 with mtn latest logo on hd background

Keeping track of your mobile number can sometimes be a challenge, especially if you’ve recently changed SIM cards or have multiple numbers. Fortunately, there are several easy methods to check your MTN number in 2024. This article will guide you through ways to find your MTN number, ensuring you stay connected without any hassle.

Methods to check MTN number in 2024

Using the MTN Mobile App

One of the most convenient ways to check your MTN number in 2024 is through the MTN mobile app. This app allows you to manage your account effortlessly. Here’s how to use it:

  1. Download and Install: Obtain the MTN mobile app from your device’s app store.
  2. Log In: Open the app and log in using your account credentials.
  3. Navigate: Go to the “Account” or “Profile” section.
  4. Find Your Number: Your MTN number will be prominently displayed on the screen.

Using a USSD Code

Another quick method to figure your MTN number in 2024 is by using a USSD code. This method does not require an internet connection and is very straightforward:

  1. Dial the code: On your mobile device, dial *123#.
  2. Select the option: From the menu that appears, choose the option that says “Account info” then “Check My Number” or a similar description.
  3. Display: Your MTN number will be displayed on your screen.

Calling a Friend

If you’re unable to use the app or USSD code, another simple way to get your MTN number in 2024 is to call or message a friend who has your number saved. Here’s how:

  1. Contact a friend: Call or message a friend who has your MTN number saved in their contacts.
  2. Request your number: Ask them to share your MTN number with you.

Contacting customer service

For those who prefer speaking directly with a representative, contacting MTN customer service is a reliable option. Here’s how to check your MTN number in 2024 by contacting customer service:

  1. Dial the Hotline: Call the MTN customer service number, typically 180.
  2. Follow prompts: Follow the automated prompts to connect with a customer service representative.
  3. Request your number: Explain your situation and request your MTN number.

Important tips apart from how to check your MTN number in 2024

Apart from checking your MTN number in 2024, keep these safety tips in mind to protect your personal information:

  • Use official channels: Only use official MTN codes and apps to check your number. Avoid third-party services that may ask for personal information.
  • Keep your information secure: Do not share your phone number or SIM card details with untrusted sources.
  • Store your SIM pack safely: Keep your original SIM card pack in a safe place as it contains important information, including your MTN number.
  • Update your contact Information: Ensure your contact details with MTN are up-to-date to receive important notifications and updates.\

Final thoughts on how to check MTN number in 2024

There’s no need to worry if you find yourself needing to check your MTN number in 2024. With multiple methods at your disposal, including the MTN mobile app, USSD codes, friends, and customer service, you can easily retrieve your number. Choose the method that best suits your situation and stay connected with ease.

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Should you really buy the 2024 Tecno Spark 20? https://techcabal.com/2024/08/05/should-you-really-buy-the-2024-tecno-spark-20/ https://techcabal.com/2024/08/05/should-you-really-buy-the-2024-tecno-spark-20/#respond Mon, 05 Aug 2024 15:00:00 +0000 https://techcabal.com/?p=139822
Tecno Spark 20 is a good 2024 option when seeking value for money. But you may want to take a closer look before you buy it. See here:

The Tecno Spark 20 2024 is a robust option for smartphone enthusiasts seeking value for money. It is one of the Tecno phones that aim to provide optimal user experience with advanced specifications and modern features. But it does not come without its drawbacks. 

 Design and build

  • Colour options: Gravity Black, Cyber White, Neon Gold, Magic Skin 2.0 (Blue)
  • Dimensions: 163.69 x 75.6 x 8.45mm

The Tecno Spark 20 2024 boasts a sleek design available in multiple colour options, catering to diverse tastes.

 Display

  • Size: 6.56″ HD
  • Refresh rate: 90Hz
  • Resolution: 720 x 1612

Its 6.56-inch HD display and a 90Hz refresh rate promise smooth visuals and an immersive viewing experience.

 Performance

  • Operating system: Android 13
  • Processor: MTK G85
  • Memory: 256GB ROM + 16GB RAM (8GB + 8GB Extended)

Running on Android 13 and powered by the MTK G85 processor, the Tecno Spark 20 2024 delivers a commendable performance. The substantial 16GB RAM, including 8GB extended memory, ensures smooth multitasking and efficient operation.

 Camera capabilities

  • Front camera: 32MP with Dual Flash
  • Main camera: 50MP with Dual Flash

The Tecno Spark 20 2024 features a 32MP front camera and a 50MP main camera, both equipped with dual flash. These specifications make it ideal for capturing high-quality photos and videos.

 Connectivity

  • Network support: 2G, 3G, 4G
  • Wi-Fi: 2.4GHz and 5GHz
  • Bluetooth: 5.2
  • Other: GNSS, FM, Type-C

With support for multiple network bands and advanced connectivity options such as Bluetooth 5.2 and Wi-Fi across both 2.4GHz and 5GHz, the Tecno Spark 20 2024 ensures uninterrupted connectivity.

 Sensors

  • G-Sensor
  • E-compass
  • Virtual Gyroscope
  • Ambient Light Sensor
  • Proximity Sensor
  • Fingerprint Sensor

The Tecno Spark 20 has a range of sensors, enhancing its functionality and user experience.

 Battery life

  • Capacity: 5000mAh
  • Charging: 18W Fast Charge

A 5000mAh battery, complemented by 18W fast charging, ensures the Tecno Spark 20 offers extended usage time and quick recharge capabilities.

Price range of the Tecno Spark 20

  • 148,000 – 160,000

The price of the Spark 20 may vary depending on the retailing platform, so you may want to compare prices before purchasing. Some stores that sell this device include Jumia and Konga. 

Key considerations with the Tecno Spark 20

Pros:

  • High-performance processor and ample memory
  •  Impressive camera features
  •  Long battery life with fast charging

Cons:

  •   Display resolution could be higher
  •   Limited to 4G network support

Final thoughts on buying 2024 Tecno Spark 20

The Tecno Spark 20 offers considerable advantages in its price range. Its features and performance make it a compelling choice for users seeking a versatile and reliable smartphone.

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From Times Square to 2024 PUBG MOBILE World Cup – Infinix GT 20 Pro’s Path to Gaming Glory https://techcabal.com/2024/07/22/from-times-square-to-2024-pubg-mobile-world-cup-infinix-gt-20-pros-path-to-gaming-glory/ https://techcabal.com/2024/07/22/from-times-square-to-2024-pubg-mobile-world-cup-infinix-gt-20-pros-path-to-gaming-glory/#respond Mon, 22 Jul 2024 10:26:25 +0000 https://techcabal.com/?p=138527 Infinix has teamed up with champion players from the PUBG MOBILE Super League (PMSL) in Europe, the Middle East, Africa (EMEA), and Central and South Asia (CSA) regions to take over a massive billboard in New York’s Times Square, announcing Infinix’s upcoming participation in the 2024 PUBG MOBILE WORLD CUP (PMWC).

As the official gaming phone for the 2024 PMSL EMEA and CSA seasons, the Infinix GT 20 Pro has consistently delivered exceptional gaming experiences to team players. Its impressive performance has earned unanimous endorsement from the players, leading to its prominent placement on the Times Square billboard.

GT 20 Pro Shines in Times Square

New York’s Times Square, known as the “Crossroads of the World,” is a bustling commercial district and a coveted showcase for global brands. The towering billboards of Times Square, capturing worldwide attention, represent the ultimate aspiration for many brands to be featured on.Infinix’s GT 20 Pro recently made a grand appearance in Times Square, highlighting its exceptional gaming prowess and reinforcing Infinix’s leadership in the esports industry. This move further enhances the brand’s global influence. 

Taking on the Esports World Cup

The 2024 PUBG MOBILE WORLD CUP (PMWC) and ESPORTS WORLD CUP stand as the first grand event in the PUBG MOBILE esports ecosystem, with only teams that have endured rigorous challenges in the PUBG MOBILE regional series tournaments earning the coveted qualification to compete in the 2024 PMWC. This globally acclaimed “Esports World Cup” event brings together champions and top-tier teams from various PUBG MOBILE regional tournaments. Representing their respective regions and fans, they will battle it out for the title of 2024 PMWC champions and prepare for their journey to the year-end global finals, PMGC.

Infinix GT 20 Pro will continue to empower teams and players from across the PMSL regions as they embark on their PMWC adventure. We look forward to witnessing their continued exceptional performances in the upcoming PMWC matches and anticipate their even greater success!

Champion Teams and MVPs Praise Infinix GT 20 Pro“The Infinix GT 20 Pro is an incredibly successful gaming phone. Its 120Hz display delivers a smooth gaming experience. We will continue using the GT 20 Pro for our upcoming matches and practice sessions. We are immensely grateful for Infinix’s support, and we are confident in achieving even greater success!” – PMSL EMEA Champion Team and MVP

“Our biggest impression after using the Infinix GT 20 Pro for a month is its ultra-high frame rate, efficient heat dissipation, and uninterrupted gameplay throughout. As hardcore fans of the Infinix GT series phones, we will continue to fight side by side with the GT 20 Pro and claim victory at PMWC!” – PMSL CSA Champion Team and MVP

Showcasing Gaming Prowess

The Infinix GT 20 Pro boasts cutting-edge features, powered by the Pixelworks X5 Turbo dedicated gaming display chip, marking it as Infinix’s first dual-chip smartphone. This innovative chip utilizes Motion Estimation and Motion Compensation (MEMC) game frame rate interpolation to boost the frame rate from 60FPS to an astounding 120FPS. The Infinix stable frame rate engine optimizes heat and power consumption, ensuring smooth and efficient performance. X-BOOST provides continuous performance management, utilizing vertical synchronization technology to prevent screen tearing and prioritizing game resources for the smoothest gaming experience.As the official smartphone for the 2024 PMWC, the Infinix GT 20 Pro will continue dominating the battlefield with its exceptional “dual-chip” power, cutting-edge technology, and deep collaboration with PUBG MOBILE, aiming for even greater peak performance. Infinx GT 20 Pro bundled with a PUBGM card featuring customized in-game items like a parachute, T-shirt, red rose skin and weapon skin, all for 280USD- a 25USD savings. Delivering unrivaled performance, innovative design, and breakthrough features, the Infinix GT 20 Pro caters to every gaming need, ensuring you have everything required to outplay the competition.

About Infinix:

Infinix Mobility is an emerging technology brand that designs, manufactures and markets an expanding portfolio of devices worldwide under the Infinix brand which was founded in 2013. Targeting young consumers, Infinix focuses on developing cutting-edge technology embodied in meticulously designed mobile devices that offer refined style, power and performance. Infinix devices are trendy & attainable with the end-user at the forefront of every step forward.For more information, please visit: http://www.infinixmobility.com/

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New JAMB age change & other updates for admissions 2024/2025 https://techcabal.com/2024/07/18/new-jamb-age-change-other-updates-for-admissions-2024-2025/ https://techcabal.com/2024/07/18/new-jamb-age-change-other-updates-for-admissions-2024-2025/#respond Thu, 18 Jul 2024 14:18:14 +0000 https://techcabal.com/?p=138179
New JAMB updates for Admissions 2024 and 2025

Following the policy meeting with stakeholders on the 18th of July 2024, The Joint Admissions and Matriculation Board (JAMB) in agreement with the stakeholders, has introduced several significant updates for the admissions process for the 2024/2025 academic session alongside announcement of minimum admissible JAMB scores for tertiary institutions. These changes aim to streamline procedures, enhance transparency, and ensure compliance with established standards. Prospective candidates and institutions must adhere to these guidelines for a smooth admission process: 

JAMB age requirements change admission beyond 2024

Starting from the 2025 admission cycle, JAMB will only admit candidates who are at least 18 years old. This update marks a departure from the previous deviation that allowed 16-year-olds to gain admission into Nigerian tertiary institutions. JAMB will clearly advertise this change starting November 2024, coinciding with the commencement of registration for the 2025 examinations.

O-Level data integration 

Admission officers will now download candidates’ O-Level data directly from the Central Admissions Processing System (CAPS). This integration eliminates the need for students to submit their results separately during the admission screening process. This approach aims to reduce administrative burden and minimise errors.

O’level results, biometric, and photograph requirements will come from JAMB for admissions 2024

Tertiary institutions will no longer request biometric data or photographs from candidates during admission screenings. This directive is part of JAMB’s efforts to protect candidate privacy and streamline the verification process.

Post-UTME fees cap

JAMB has set a maximum fee of ₦2000 for Post-UTME screening exercises. Institutions must adhere to this cap to prevent the exploitation of candidates. This regulation ensures that the screening process remains accessible to all candidates, regardless of their financial background.

Correction of data

Candidates seeking to enrol for JAMB in 2024 and looking to correct any personal or academic data must do so by 31 October 2024. This deadline allows sufficient time for necessary adjustments in preparation for the 2025 JAMB registration. 

Illegal admissions policy

JAMB will no longer condone or regularise illegal admissions beyond the 2020 set. All admissions for the 2024 cycle and going forward will be conducted exclusively through CAPS. Any admissions processed outside this platform are considered illegal. Candidates whose names do not appear on the national matriculation list will be deemed not to have been admitted by JAMB. Such admissions will be classified as fake, illegal, null, and void, and will not be recognised.

Final thoughts on JAMB admissions 2024

The new guidelines for JAMB admission 2024 reflect JAMB’s commitment to improving the admissions process in Nigerian tertiary institutions. Candidates and institutions must comply with these updates to ensure a transparent, efficient, and fair admission process. By adhering to these regulations, JAMB aims to enhance the credibility of the admissions process and uphold the integrity of Nigeria’s educational system.

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👨🏿‍🚀TechCabal Daily – South Africa’s cybersecurity woes https://techcabal.com/2024/07/11/techcabal-daily-south-africas-cybersecurity-woes/ https://techcabal.com/2024/07/11/techcabal-daily-south-africas-cybersecurity-woes/#respond Thu, 11 Jul 2024 05:30:00 +0000 https://techcabal.com/?p=137551

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Happy pre-Friday ☀

The One Ring is no longer just fiction, it’s now closer reality. 

Yesterday, Samsung launched it’s newest wearable technology, the Samsung Ring. The Galaxy Ring tracks your health—sleep, heart rate, activity—and boasts a sleek design with a cool charging case. Plus, it integrates with Samsung phones for features like camera control and lost ring tracking, at least if you have a Galaxy phone. You can’t receive notifications on the ring, but at least it’ll let you know when you’re doing big back activities. 

At $400, it’s a pricey ring, but the lack of a subscription fee sweetens the deal. The bigger question is why we need to turn every accessory into wearable tech. First watches, and now rings. What’s next? And why?

Cybersecurity

Local cloud service provider hit with ransomware attack

Two weeks ago, Nigeria’s ID authority, the National Identity Management Commission confirmed five websites that were illegally selling the private information of Nigerians for as low as ₦190 ($0.12). In fact, one human rights group, as part of its investigation, reportedly purchased the NIN slip of digital economy minister Bosun Tijani for ₦100 ($0.064).

At the time, an ethical hacker who spoke to TechCabal said, “It is either the NIMC is doing a poor job at data protection by using a cloud storage to store data or an insider is allowing individuals retrieve data.” While an investigation by Nigeria’s data protection agency fingered abuse of access as the cause of the NIMC breach, it still doesn’t mean cloud services in the country are safe, especially not with the latest news. 

The scoop: Nigeria’s cloud computing industry is under attack. Hackers wielding Phobos, a ransomware, have infiltrated at least one local provider, according to a government source with direct knowledge.The Nigerian Computer Emergency Response Team (ngCERT) is on high alert after detecting a surge in Phobos attacks targeting cloud service providers. The ransomware encrypts a victim’s data, essentially holding it hostage until a ransom is paid.

Why it matters: This is a big blow to Nigeria’s burgeoning cloud sector. Local providers have been aggressively courting startups and government agencies as cheaper alternatives to tech giants like AWS and Azure—services each agency pays up to $500,000 for. Some providers have even lobbied for government contracts to store sensitive data. A wave of ransomware attacks could shatter trust and stall this critical industry.

How they’re getting in: Hackers are using two main tactics: phishing emails and scans for vulnerable Remote Desktop Protocol (RDP) ports. ngCERT warns these attacks can lead to a domino effect – compromised systems, stolen data, hefty ransom demands, and potential financial losses.

The outlook: ngCERT is actively working with affected organisations to mitigate the damage, but the full scope of the outbreak remains unclear.

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Banking

Access Bank to raise $233 million

“When you are the largest bank in Nigeria and one of the largest banks in Africa, where do you go from here?”

This is a question Aigboje Aig-Imoukhuede, Access Holdings Plc Chairman, asked in his presentation on Tuesday. And Aig-Imoukhuede isn’t wrong. The bank, with over 60 million customers across three continents, is giving other commercial banks a run for their money—and even swallowing some up in the process. The bank has acquired at least 5 banks since 2022 alone, including BancABC Botswana, and has majority shares the Standard Chartered subsidiaries in Angola, Cameroon, Gambia and Sierra Leone. More recently Access Bank acquired the National Bank of Kenya in a deal thought to be worth $100 million.

Now, Access Bank wants respect! The bank is planning to raise ₦351 billion ($233 million) from existing shareholders to finance its goal of becoming “the world’s most respected African bank.” The company will offer existing shareholders 17.7 billion new shares at ₦19.75 each.

Going global, but not forgetting home: Access isn’t abandoning its Nigerian roots. A chunk of the funds (₦223 billion) will be used to expand its loan portfolio across various business sectors within Nigeria. Access also plans to invest ₦68.62 billion ($37.6 million) in infrastructure, and ₦51.46 billion ($32.9 million) in distribution channels, including new branches in Lagos, Port Harcourt, and Abuja.

Chasing the money trail: “We are chasing the money,” said Access Bank MD/CEO Roosevelt Ogbonna, emphasising their strategic approach to market selection. Their global expansion includes new markets like the US and a trade booking office in Malta. Ogbonna also took a jab at competitors, highlighting Access’ remarkable growth since 2002. “There is no Nigerian bank that was our size in 2002 that is still alive today,” he said.

Can they pull it off? Only time will tell if Access can achieve its lofty goal of becoming a global African banking leader. But with this fresh capital and their proven track record, they’re definitely a force to be reckoned with.

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Cybercrime

$16.5 million has been stolen from South African taxpayers

In more news about cybersecurity, South Africa is facing more than its own fair share of attacks. 

Over the past decade, cybercriminals have siphoned a staggering R300 million ($16.5 million) from South Africa’s taxpayer coffers, according to newly appointed Democratic Alliance (DA) public works minister, Dean Macpherson. This revelation sheds light on a persistent and alarming vulnerability in the country’s digital infrastructure.

The theft’s full extent came to light following another brazen R24 million ($1.3 million) attack in May 2024, triggering an investigation involving the Hawks, South African Police Services, State Security Agency, and cybersecurity experts. In a swift response, four officials, including three in senior management, have been suspended, and 30 laptops seized as part of the ongoing probe.

Macpherson didn’t mince words, calling it an “elaborate scheme by cyber-hackers, and potentially officials within the department.” 

This accusation raises troubling questions about potential insider involvement and the depth of corruption within government ranks in South Africa.

Additionally, this incident is just the latest in a series of cyber attacks plaguing South Africa. On July 3, 2024, the country’s National Health Laboratory Service (NHLS) fell victim to a ransomware attack, compromising patients’ lab results and throwing healthcare services into disarray. Earlier this year, both the International Trade Administration Commission of South Africa (ITAC) and the Companies and Intellectual Property Commission (CIPC) suffered security breaches, with the latter averting an attempt to pilfer a staggering R1.61 trillion ($88.8 billion) in pensioners’ funds.

The cyber attack isn’t limited to South Africa’s borders. Other African nations like Kenya and Nigeria are grappling with similar challenges, with Nigeria recently reporting ransomware attacks on at least one local cloud service provider just as these providers are clamouring for government patronage (as we’ve written above).

As cyber-attacks surge to an alarming 1,308 per week globally, a pressing question emerges: Are African nations adequately prepared to defend their digital frontiers? The recurring breaches suggest a systemic weakness in cybersecurity infrastructure across the continent.

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IoT

After Zambia, Huawei wants to launch a smart village in Uganda

Africa contributes a rather inconsequential 1.45 billion tonnes (4%) to global carbon emissions, yet the continent remains the most vulnerable to adverse climate change effects due to limited healthcare resources.

The continent faces stark challenges: 600 million Africans lack electricity access, while 3 in 5 rural residents still grapple with unreliable internet. These deficits in fundamental resources severely hamper technological progress, education, and innovation in rural communities.

Enter smart villages: Smart villages are rural communities leveraging technology to improve the quality of life for their residents and create sustainable economic opportunities. Many African countries have tried to develop smart villages as part of their plans to develop rural communities, like Kenya’s Konza City, Nigeria’s Eko Atlantic Hub, Ghana’s HOPE City, Senegal’s Akon City, and Rwanda’s Innovation City.

While projects like Kenya’s Konza City have struggled to materialise in 16 years, a new player is stepping up to the punch.

Huawei, the Chinese tech giant, is set to launch a smart village in Uganda, hot on the heels of its successful Zambian project. The initiative will introduce smart classrooms, learning centres, remote healthcare diagnostics, and smart solar PVs to boost rural electricity access.

Not the first rodeo: This follows Huawei’s recent triumph in Zambia, where the Muchila Smart Village project established 100 smart villages, providing electricity and internet to 4,000 villagers in Namwala district and creating over 5,000 local jobs.

Huawei’s vision: Huawei has made it clear that it wants to “accelerate intelligence in Africa” and build new infrastructure in a market where it has risen as one of the most important telecoms market disruptors in the past decade. As these smart village projects take root, they offer a promising path to bridge Africa’s rural-urban divide, potentially leapfrogging traditional development hurdles.

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Crypto Tracker

The World Wide Web3

Source:

Coinmarketcap logo

Coin Name

Current Value

Day

Month

Bitcoin $57,613

– 2.60%

– 15.10%

Ether $3,083

– 1.07%

– 13.17%

Render

$6.38

– 4.62%

– 23.75%

Solana $140.65

– 2.94%

– 8.18%

* Data as of 06:00 AM WAT, July 11, 2024.

Job Openingss

Written by: Emmanuel Nwosu

Edited by: Timi Odueso

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ST Digital to build additional data centres in 3 francophone countries https://techcabal.com/2024/05/17/st-digital-to-build-additional-data-centres-in-3-francophone-countries/ https://techcabal.com/2024/05/17/st-digital-to-build-additional-data-centres-in-3-francophone-countries/#respond Fri, 17 May 2024 12:06:14 +0000 https://techcabal.com/?p=134155 ST Digital, a Cameroun-based cloud services and infrastructure provider that recently raised an undisclosed amount from UHURU Investment Partners, will build three data centres in countries within the Francophone region.  It will bring the number of Tier III data centres in the company’s portfolio to four. 

The three additional data centres will be built in Gabon, Cote d’Ivoire, and Togo, Anthony Same, group director general of ST Digital, told TechCabal in Kigali on the sidelines of the Africa CEO Forum. The three countries are part of the seven countries in which ST Digital already provides cloud services. The data centres in Gabon and Cote d’Ivoire will be finished in 2024 while Togo will be completed in 2025. 

The company is speaking to submarine cable operators to provide interconnectivity for the four data centres. It also plans  to partner with as many operators as possible to increase the quality of the interconnectivity and also to prevent any downtime, especially from submarine cable cuts.  

“To provide local internet access, we are building ISPs in each of our data centres. You won’t suffer submarine cable cuts if you host in our data center,” Same said. 

Digital adoption in the Francophone picked up significantly from 2020 following the COVID-19 lockdown which sent many business around the world to embrace digitalisation. Aside from businesses jumping on the digital bandwagon, many companies have been created online since then. Over 300 digital financial services were launched between 2020 and 2023, according to one report. However, the quality of digital services has been affected by low digital infrastructure such as data centres. As of 2023, the entire data centres in Africa were slightly above 100 with 61 data centres located in South Africa. 

Same said his company decided to build a data centre in 2021, because of demand from private sector operators and public agencies that wanted to host their data locally. 

CAMTEL and Orange are some of the data centre operators in the country, but Same said ST Digital established itself through a “100% Africa cloud” campaign which sought to onboard businesses in Cameroon onto the cloud in an affordable way. Now it counts local banks, government and big companies in the country as clients. 

Moreover, ST Digital’s ambition is to build an ecosystem in the Francophone region where company do not just host their data, but also have access to internet and cloud infrastructure that powers their entire business operations. Same said the company it is on the final round of closing an investment to power the expansion. 

Editor’s Note: We adjusted the investment ST Digital received from UHURU as the parties are not ready to reflect the exact amount raised.

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Next Wave: Japan is invested in exporting its resources to Africa https://techcabal.com/2024/05/13/japan-exports-resources-africa/ https://techcabal.com/2024/05/13/japan-exports-resources-africa/#respond Mon, 13 May 2024 10:50:53 +0000 https://techcabal.com/?p=133879

First Published 12 May, 2024

1993 and 2024 tell very different histories of Japan’s growing investment in Africa. After the Second World War, in which Japan was both defeated and economically devastated, the Asian country capitalised on a weakening yen to provide cheap goods for both export and consumption. In the years that followed, Japan pioneered the Tokyo International Conference on African Development (TICAD) which was first held in 1993, reviving international interest in Africa.

The Japan-African relationship initially began in the 1990s as an aid relief programme. Years later, the relationship has transformed from global support to setting up private investments on the continent, as a means of offsetting increased Chinese presence on the continent, mainly through sovereign investments. A senior analyst at the Tony Blair Institute in London agrees with this: Japan “is moving away from being based on development and is increasingly driven by the private sector.”

The main trigger for that shift is the ageing Japanese population, which is cash-rich and has a lot of legacy businesses in auto industries, manufacturing, biotech, amongst others. Africa has fast-growing ventures and lots of young people at its disposal to stage an expected global revolution. This podcast says that global partnerships between Africa and Japan can solidify a new growth story.

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One significant contribution Japan is making to Africa can be seen in the rise of corporate VCs (CVC). CVCs are not a new phenomenon. Globally, CVC-backed funding soared to an all-time high of $73.1 billion in 2020, increasing 24% from 2019.

With funding from institutional VCs drying up, the rise of Japanese CVC may drive the much-needed growth African startups need. CVCs differ from institutional VCs in the sense that they are independent arms of big corporations and are generally used to drive traditional research and development in areas where talent and resources are abundant. Beyond just funnelling money, they can share experience, customers, and even assets. For startups they choose to eventually back, exits through mergers and acquisitions are the easiest route.

The value of Japan’s spending in Africa under finance and investment amounted to $726 million in 2022. Chart by Stephen Agwaibor, TC Insights

Africa has large deposits of underground resources which Japan does not, such as oil, natural gas, gold, silver, copper, diamond, nickel, platinum, manganese, and rare earths—all driving forces of the continent’s economic growth. Besides, the battle for relevance regarding the geopolitical status of semiconductors is still on. Therefore, Japan could bypass unnecessary drama and collaborate with Africa to be the industry leader in high-technology progress in semiconductors, flash memory, and electric-battery innovations, for which most of the base components are harvested from Africa. Spinning off a venture backable project in this regard could boost the Asian nation’s status as both financier and manufacturer. This is most likely the reason for Japan’s mouth-watering interest in Africa.

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A small pilot

Japanese auto giant Toyota and musical instrument company Yamaha have made significant progress getting ahead of the market using Africa for research and development efforts, especially in the mobility sector. More specifically, electric vehicles. The trading arm of Toyota Tsusho Corp set up a venture capital unit in 2019 called Mobility 54, specifically for African markets. Mobility 54 has generally invested approximately $28 million into 14 startups in mobility startups on the continent.

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One of Mobility 54’s first major investments was a $7.6 million injection into Sendy, a Kenyan logistics startup, which closed a $20 million Series B round in 2020 and has now entered into administration. Despite the failed engagement, Sendy had an R&D agreement with Toyota as the Japanese company is looking to contribute to solving challenges of the mobility industry of Africa.

Sendy is not Mobility 54’s only investment; the CVC has backed Uganda-based Tugende, a startup that allows motorcycle taxi drivers own their own motorcycles in 18 months or less, instead of renting indefinitely. It has also backed startups in electric mobility and vehicle financing like Kenya-based BasiGo and South Africa-based Drive to Own. Yamaha Corporation, on its part, participated in a $7 million funding round of Nigerian motorcycle transit startup MAX.ng in 2019.

Critics have highlighted that Japan’s investment strategies in Africa have yielded little benefits since the first edition of TICAD in 1993 and are wary of further Japanese investment on the continent. However, there is no indication that shows Japan is ready to back away from investing in Africa yet. There are increasingly large footprints of Japan’s desire to do business in the African tech ecosystem in places like Nigeria, Egypt and Ethiopia.

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This article demonstrates optimism—arguing that more Japanese corporate activity on the continent would attract more funds in the foreseeable future. Despite many criticisms and reasons to be wary, more investors on the continent mean that startup founders can access global partnerships and share resources that will allow foreign investors to understand the African market better and support it towards its desired growth.

Joseph Olaoluwa

Senior Reporter, TechCabal

Thank you for reading this far. Feel free to email joseph.olaoluwa[at]bigcabal.com, with your thoughts about this edition of NextWave. Or just click reply to share your thoughts and feedback.



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