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Banks don't fund African renewable energy startups. So where can founders find money?

Alexander O. Onukwue Share this article Small and medium scale enterprises in Africa receive about $70bn of credit each year. But the International Finance Corporation estimates that the gap exceeds $300bn. Why does the gap exist? Michael Famoroti, chief economist at Stears gave two reasons during a recent TechCabal Live event on financing renewable energy companies in Africa. First, there is an information problem.  Credit providers seem to lack enough information with which to assess the ris...
Coted Ivoire Abuja Federal Capital Territory Ivory Coast Michael Famoroti Marly Diallo Christian Wessels

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How can you make your company hack-proof? These five experts know.

This Friday, May 28th at 11 am, Tomiwa Aladekomo, CEO, Big Cabal Media will be speaking with Adeoluwa Akomolafe – Chief Information Security Officer, Wema Bank; Daniel Osineye – Co-founder and CTO, Evolve Credit and Joseph Onyema – Group Chief Information Officer at United Capital Group; Sophina Kio-Lawson, Co-founder at SheSecures and Nick Maxwell – General Manager, Ava Security (UK, MEA & ANZ).  Adeoluwa, Daniel, Joseph, Sophina and Nick will be discussing how you can protect your o...
United Kingdom Joseph Onyema Tomiwa Aladekomo Sophina Kio Lawson Adeoluwa Akomolafe Brown Shipley

How fintech startups can expand their market size through partnerships

Alexander O. Onukwue Share this article Fintech companies, like every other business, aspire to extend their operations beyond their first base. For example, a startup that began in Nigeria may, in a few years, desire to expand into other countries when the right opportunity opens up. Lidya, Paga and Migo are among a few recent examples. When we examine how expansion works, a common thread comes to the forefront: Because the realities of running fintech operations differ from one country to ano...
Nosa Omusi Clara Odero Catalyst Fund Sike Bamisebi Cellulant Nigeria Techcabal Live

What is the future of Africa's e-commerce?

Olumuyiwa Olowogboyega Share this article On Friday, April 16, the TechCabal Live conversation had e-commerce in Africa as its focus. E-commerce is always an interesting topic but it is made doubly interesting by the Covid-19 pandemic. Lockdowns and social distancing have made shopping online more popular than before. In fact, during the lockdown, I bought groceries online for the first time ever.  I have always associated shopping online with big-ticket items so that was a welcome change. A...
Angela Nzioki Daniel Yu Jack Ma Fast Company Sokowatch Group Techcabal Live

Phiona Okumu and M.I. Abaga on how African musicians can take full advantage of the industry's growth

Edwin Madu Share this article On the 26th of March, TechCabal held another edition of TechCabal Live with guests Phiona Okumu, Head of Music Sub-Saharan Africa at Spotify and Nigerian hip-hop legend M.I. Abaga. The conversation followed Spotify’s recent entry into more markets, and more notably 38 new markets in Africa. It explored the different ways artists can grow in today’s music culture using a variety of innovative tools available to them. We should pay for music When asked abou...
Phiona Okumu Techcabal Live Music Sub Saharan Africa Spotify Lite Intellectual Property Burna Boy

TechCabal Daily – New name, new gameplay

New name, new gameplay Last month, Africa’s largest fibre company founded by Zimbabwean billionaire Strive Masiyiwa raised $840 million in debt capital. This week it announced it’s changing its identity from Liquid Telecom to Liquid intelligent Technologies. Backstory Founded in 1997, the company started as the satellite and voice operator of Econet Satellite Services, a subsidiary of Econet Global. Then in 2004, Econet Satellite Services as it was called rebranded to Liquid Telecom and wen...
South Africa Madhya Pradesh Koromone Koroye Tsakane Ngoepe Strive Masiyiwa Daniel Adeyemi

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