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👨🏿‍🚀 TechCabal Daily - Zumi shuts down

B2B e-commerce startup Zumi is shutting down due to its inability to raise the funding necessary to sustain its operations. More in #TCDaily.

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👨🏿‍🚀TechCabal Daily - Nigeria approves $5.4 million for digital census

Nigeria has approved ₦‎2.8 billion ($5.4 million) for the procurement of the software that will be used for its first digital census. So far, Nigeria has budgeted ₦177.33 billion ($385 million) for the digital census project.

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👨🏿‍🚀TechCabal Daily - Rain finds its voice

South African data-only network Rain is planning to spread its wings into offering mobile voice services, according to one of its investors.

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👨🏿‍🚀TechCabal Daily - Nigeria's new tech fund

The Nigerian government has launched a $672 million fund for tech for young people in its tech and creative sectors. The fund will see investments across 200 tech and creative startups, and 450 tech-powered SMEs. More in #TCDaily.

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👨🏿‍🚀TechCabal Daily - Kenyan banks' record-breaking profits

StanChart's net profit skyrocketed by 38% to a ceiling-shattering Ksh12.44 billion ($95.7 million) in 2022. On the other hand, Absa’s profit soared to Ksh14.6 billion (~$112 million). More in #TCDaily.

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