TechCabal

AI is here to stay, but what does that really mean for you? 🤖 From students navigating their studies to workers adapting to new tools, and from founders to CEOs making high-stakes decisions, AI is reshaping lives in ways you might not expect. Click the link to watch the full video: https://lnkd.in/dfWk65R6

Banking the unbanked became the go to tagline for Nigerian fintechs during the country’s fintech boom between 2020-2023. Many fintechs parroted the claim that they were going to bank 36% of Nigeria’s adult population, or 28.8 million people who had no access to financial services. However, only a few fintechs followed through on that promise beyond the confines of Lagos, Nigeria’s economic and startup capital. In 2022, Tobi Arowolo, Samuel Ojerinde, and Isaiah Tokinbo,  launched Fintava Pay, a Banking-as-a-Service (BaaS) platform to allow businesses launch custom financial products aimed at financial inclusion in Northern Nigeria. Fintava Pay’s approach is particularly useful for Northern Nigeria where digital literacy is low and financial exclusion is most severe in the country. About 38% of the North East and 47% of the North West’s population are financially excluded. Citizens in this region rely on super agents to get cash and perform banking transactions. Fintava Pay offers a lifeline through its white-label solutions that allows super agents to open bank accounts for users. 🔗  Click the link below to learn more    👉 https://lnkd.in/dfRmWCZM                 

Since October 2024, Nigerian customers seeking to subscribe to Starlink have been unable to purchase kits directly from the SpaceX-owned satellite internet provider, forcing them to rely on third-party retailers. When attempting to order, prospective customers receive a message stating: “Starlink is currently at capacity in your area. However, you can place a deposit now to reserve your spot on the waitlist and receive a notification when service becomes available. We cannot provide an estimated timeframe for availability, but our teams are working to expand coverage as quickly as possible.” The direct sales freeze has created a market for third-party resellers, many of whom continue to receive shipments. 🔗  Click the link below for the full story     👉 https://lnkd.in/dCB6chha

Want to catch a VC’s attention? 🎯 Ventures Platform Fund Founding Partner, Kola A., breaks down what it takes to stand out as an African startup in episode 13 of the Moonshot Podcast! 👨🚀 Click the link below to watch the full conversation. 🚀  https://lnkd.in/d47T5Yns #Moonshot2025 #TheMoonshotPodcast #MoonshotByTechCabal 

The cost of making Nigeria’s staple stew has more than doubled in Lagos within a year, highlighting the deepening cost-of-living crisis in Africa’s most populous nation. According to the PricePally 2024 Stew Index Report, preparing a pot of beef stew now costs ₦17,817—soaring by 121.05% from ₦8,060 in 2023—as households grapple with surging food prices and inflation. Even a protein-free stew saw a steep increase, climbing from ₦4,387 in 2023 to ₦11,317 in 2024. With the new minimum wage at ₦70,000 per month, a minimum wage earner would now spend 25.45% of their salary to cook just one pot of beef stew per month. The sharp rise in stew preparation costs reflects a broader trend of escalating food prices in Nigeria due to supply chain disruptions and naira depreciation. 🔗  Click the link below to learn more     👉 https://lnkd.in/d-EX-f8W                    

The cost of making Nigeria’s staple stew has more than doubled in Lagos within a year, highlighting the deepening cost-of-living crisis in Africa’s most populous nation. According to the PricePally 2024 Stew Index Report, preparing a pot of beef stew now costs ₦17,817—soaring by 121.05% from ₦8,060 in 2023—as households grapple with surging food prices and inflation. Even a protein-free stew saw a steep increase, climbing from ₦4,387 in 2023 to ₦11,317 in 2024. With the new minimum wage at ₦70,000 per month, a minimum wage earner would now spend 25.45% of their salary to cook just one pot of beef stew per month. The sharp rise in stew preparation costs reflects a broader trend of escalating food prices in Nigeria due to supply chain disruptions and naira depreciation. 🔗  Click the link below to learn more     👉 https://lnkd.in/d-EX-f8W                    

Want to catch a VC’s attention? 🎯 Ventures Platform Fund Founding Partner, Kola A., breaks down what it takes to stand out as an African startup in episode 13 of the Moonshot Podcast! 👨🚀 Click the link below to watch the full conversation. 🚀  https://lnkd.in/d47T5Yns #Moonshot2025 #TheMoonshotPodcast #MoonshotByTechCabal 

Since October 2024, Nigerian customers seeking to subscribe to Starlink have been unable to purchase kits directly from the SpaceX-owned satellite internet provider, forcing them to rely on third-party retailers. When attempting to order, prospective customers receive a message stating: “Starlink is currently at capacity in your area. However, you can place a deposit now to reserve your spot on the waitlist and receive a notification when service becomes available. We cannot provide an estimated timeframe for availability, but our teams are working to expand coverage as quickly as possible.” The direct sales freeze has created a market for third-party resellers, many of whom continue to receive shipments. 🔗  Click the link below for the full story     👉 https://lnkd.in/dCB6chha