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Technology
No more deposit limits as CBN introduces ₦500,000 and ₦5 million weekly withdrawal caps
Nigeria’s Central Bank has removed all limits and fees on cash deposits, in its most sweeping overhaul of cash-management rules since 2022. From January 1, 2026, customers will be able to deposit any amount of cash into banks without penalties, marking a major shift away from the regulator’s previous restrictions designed to curb the economy’s heavy reliance on cash.
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How Vove is tackling Africa’s KYC and KYB headaches
Morocco-based regtech startup, Vove ID, believes Africa and the Middle East are entering a new identity infrastructure moment.
TechCabal -
How Vove ID is tackling Africa’s KYC and KYB headaches
Morocco-based regtech startup, Vove ID, believes Africa and the Middle East are entering a new identity infrastructure moment.
TechCabal -
Central Bank of Nigeria Tightens Grip on Banks With Strict 48-Hour App Fraud Refund Policy
The Central Bank of Nigeria (CBN) has raised the stakes in the fight against electronic fraud, issuing a bold directive that mandates banks to reimburse victims of Authorised Push Payment (APP) fraud within 48 hours. This decisive move signals a new era of customer protection in Nigeria’s financial ecosystem, placing greater responsibility on financial institutions […] The post Central Bank of Nigeria Tightens Grip on Banks With Strict 48-Hour App Fraud Refund Policy appeared first on Tekedia.
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Peter Schiff Labels MicroStrategy’s Business Model A “Fraud” Amid Stock Sale
Prominent American economist, stockbroker, and financial commentator Peter Schiff has criticized MicroStrategy’s recent $1.44 billion stock sale, describing the company’s business model as fraud, and labeling CEO Michael Saylor “the biggest con man on Wall Street.” In a post on X, Schiff claimed that MicroStrategy sold stock not to acquire more Bitcoin, as the market […] The post Peter Schiff Labels MicroStrategy’s Business Model A “Fraud” Amid Stock Sale appeared first on Tekedia.
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Altman Issues Code Red at OpenAI over Google’s Gemini’s Latest Model
The undisputed dominance of OpenAI’s ChatGPT is now facing an existential threat, prompting CEO Sam Altman to reportedly declare an internal “code red” on Monday. This emergency directive instructs the company to immediately halt numerous forward-looking initiatives and pivot all resources toward aggressively improving the performance and reliability of its flagship conversational product. The dramatic […] The post Altman Issues Code Red at OpenAI over Google’s Gemini’s Latest Model appeared first on Tekedia.
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Big Battle, Big Tobacco, Big Deal in The Global South [GIN Therapy Part 3]
In wrapping up my three-part GIN Therapy series, I turn to Tobacco – and its marketing in the Global South. Only recently, I published an article “Cutting Loose or Losing (Tobacco) Control over Loosies,” in Woxsen Insights – the in-house magazine/ newsletter/ blogsite of the Woxsen University Hyderabad (India) – where I opined that the term “loosies” […] The post Big Battle, Big Tobacco, Big Deal in The Global South [GIN Therapy Part 3] appeared first on Tekedia.
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Saudi Arabia Hails New OPEC+ Output Capacity Mechanism as Group Holds Production Steady Amid Rising Geopolitical Tensions
Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, on Monday praised a newly adopted mechanism for assessing OPEC+ members’ maximum oil production capacity, saying the framework will strengthen market stability and reward countries that continue to invest in boosting output. OPEC+ on Sunday approved the mechanism, which will be used to calculate members’ baselines from […] The post Saudi Arabia Hails New OPEC+ Output Capacity Mechanism as Group Holds Production Steady Amid Rising Geopolitical Tensions appeared first on Tekedia.
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Nvidia-Backed $4bn Luma AI Expands to London Amid Rapid Global AI Growth
Nvidia-backed video generation startup Luma AI is preparing to establish a major presence in London, marking a significant step in the U.S. tech company’s international expansion strategy. The Palo Alto-based firm plans to hire approximately 200 employees at its new London base by early 2027, accounting for around 40% of its workforce, across research, engineering, […] The post Nvidia-Backed $4bn Luma AI Expands to London Amid Rapid Global AI Growth appeared first on Tekedia.
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Gala Spins Casino Gaming Portal Review for UK
Introduction In the vibrant realm of online casinos in the UK, Gala Spins emerges as a prominent gaming portal, beckoning players with its array of games and promise of thrilling experiences. Players looking for convenient mobile access can explore the offerings of the Gala Spins app. This expert review serves as an unbiased assessment of […] The post Gala Spins Casino Gaming Portal Review for UK appeared first on Tekedia.
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The Cost of Dirty Data — And How Data Validation Tools Help You Avoid It
If executives had to identify the single most critical element driving organizational success, many would point to data. Modern businesses operate on data-informed decisions, optimized workflows, and metrics-driven strategies. All of this depends on having clean, high-quality information. This is precisely why data validation tools have become essential. Still, some leaders hesitate to invest in […] The post The Cost of Dirty Data — And How Data Validation Tools Help You Avoid It appeared first on Tekedia.
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Hannah Kates was at Stears; now, she’s mapping Lagos’ ferry routes for free
As an environmental engineer, Hannah Kates just wanted to clean up pollution. Now, as an American building free civic tech tools in Lagos, her biggest challenge isn't the code; it's convincing Nigerians she's not trying to scam them.
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How Nairabox became a ticketing powerhouse and why Wakanow bought it
In October 2024, nearly a decade after it launched from a cramped “shop office” in Lagos, Nairabox, a Nigerian digital ticketing and lifestyle platform, was acquired by travel tech giant Wakanow.
TechCabal -
5 Exciting Things to Do in Gauteng This Holiday Season
Gauteng bursts into life over the holiday season, offering an incredible mix of entertainment, culture, family outings, and festive magic. Whether you’re after world-class theater, thrilling wildlife encounters, mouthwatering culinary experiences, or music that lifts your spirits, Gauteng offers something special for everyone this holiday season. Here are 5 standout experiences you won’t want to […]
IT News Africa -
Kaspersky’s Essential Strategies Against Malicious Scams
Kaspersky’s detection systems discovered an average of 500,000 malicious files per day in 2025, marking a 7% increase compared to the previous year. Certain types of threats saw growth globally—there was a 59% surge in password stealer detections, a 51% growth in spyware detections, and a 6% growth in backdoor detections compared to 2024. “The […]
IT News Africa -
Zoho Expands Young Creators Program Across East Africa
In a move to bridge the digital skills gap, Zoho has expanded its Young Creators Program (YCP) across East Africa, empowering students and professionals with hands-on digital skills in low-code application development. Through workshops conducted across Kenya, Uganda, Tanzania, and Madagascar, Zoho trained more than 150 participants to design and deploy business-ready applications using Zoho Creator, […]
IT News Africa -
Mauritian Fintech Startup Wins the MEST Africa Challenge 2025
Black Swan, a Mauritius-based FinTech startup, has been named the winner of the MEST Africa Challenge (MAC) 2025, following a high-energy Grand Finale at Innovation City, Cape Town. Led by the Meltwater Entrepreneurial School of Technology (MEST Africa) and powered by Absa Group, the MEST Africa Challenge is one of the continent’s leading Pan-African pitch […]
IT News Africa -
👨🏿‍🚀TechCabal Daily – 72 hours to report fraud
In today's edition: CBN’s new guidelines to curb fraud || Africa Bitcoin Corporation lists in Germany || Nigeria's telecom sector is fuelling GDP growth || Safaricom to launch low-cost data plans || Hot Take ☕
TechCabal -
SoftBank’s Painful Pivot: Masayoshi Son ‘Cries’ Over Nvidia Sale to Fuel $500bn AI Vision
In a raw display of the high-stakes financial maneuvers driving the global Artificial Intelligence race, SoftBank Group founder Masayoshi Son on Monday addressed the controversial decision to sell the conglomerate’s entire stake in Nvidia, confirming the necessity of the move to fund his massive, integrated AI ecosystem. Speaking at the FII Priority Asia forum in […] The post SoftBank’s Painful Pivot: Masayoshi Son ‘Cries’ Over Nvidia Sale to Fuel $500bn AI Vision appeared first on Tekedia.
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AI Investment Boom: German AI Star Black Forest Labs Hits $3.25bn Valuation with $300M Series B
Black Forest Labs, the German AI startup that has quickly become a global leader in foundational models for visual intelligence, announced on Monday that it has secured a massive $300 million Series B funding round, catapulting its valuation to $3.25 billion. The significant capital injection, which is earmarked primarily for accelerating its cutting-edge research and […] The post AI Investment Boom: German AI Star Black Forest Labs Hits $3.25bn Valuation with $300M Series B appeared first on Tekedia.
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Nigeria’s GDP Grew 3.98% in Q3 2025 – NBS
Nigeria’s economy grew at a steady clip in the third quarter of 2025, with real GDP rising by 3.98 percent year-on-year, slightly above the 3.86 percent recorded in the same period of 2024. Fresh figures released by the National Bureau of Statistics show that Q3 delivered broad-based improvements across segments of the economy, even as […] The post Nigeria’s GDP Grew 3.98% in Q3 2025 – NBS appeared first on Tekedia.
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The Big Reconstruction: Equipping Abia Youth for a New Era
In 1970, just months after the Biafra War ended, the elders of the Igbo Nation gathered across our communities to confront an existential question: What future awaits a people whose land has been reduced to rubble? Schools were gone. Hospitals destroyed. Markets burnt. Bank balances wiped out. No support was coming from the federal government. […] The post The Big Reconstruction: Equipping Abia Youth for a New Era appeared first on Tekedia.
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SHIB’s Rebound Could Be Big; Ozak AI Price Projection Indicates Larger Multipliers
Shiba Inu is beginning to regain strong momentum as the meme-coin market shows signs of revival and broader crypto liquidity rotates back toward high-volatility assets. With retail traders returning, Shibarium development progressing, and market sentiment improving, analysts believe SHIB could be gearing up for a sizable rebound. Yet even with SHIB’s potential for a powerful […] The post SHIB’s Rebound Could Be Big; Ozak AI Price Projection Indicates Larger Multipliers appeared first on Tekedia.
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Angola’s Startups Are Winning Without the Hype—Here’s How
While African tech headlines focus on Nigerian fintechs raising $90 million and Kenyan unicorns, Angola quietly built the strongest startup ecosystem in Central Africa without a single mega-round. The country now ranks first in the region, ahead of Cameroon, Gabon, and the Democratic Republic of Congo, according to the Global Startup Ecosystem Index 2025. The […] The post Angola’s Startups Are Winning Without the Hype—Here’s How appeared first on Tech In Africa.
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Apple Fights $38 Billion Fine Threat, Challenges India’s Global Turnover Penalty Law
Apple has filed a constitutional challenge against an amendment to India’s competition law, seeking to block antitrust proceedings that could expose the company to a colossal penalty of up to $38 billion. The legal challenge, submitted to the Delhi High Court, targets a provision in the Competition Act 2024 that allows the regulator to calculate […] The post Apple Fights $38 Billion Fine Threat, Challenges India’s Global Turnover Penalty Law appeared first on Tekedia.
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Zazu Raises $1 Million Pre-Seed to Expand Pan-African Digital Banking For SME
Zazu, a neobank for African SMEs, offering seamless banking tools, cash flow automation, and real-time insights, has raised $1 million in pre-seed funding. The funding round saw participation from Plug and Play Ventures and a notable lineup of angel investors and fintech leaders, including Zachariah George of Launch Africa Ventures, Axel Peyriere (Co-founder of AUTO24.africa), […] The post Zazu Raises $1 Million Pre-Seed to Expand Pan-African Digital Banking For SME appeared first on Tekedia.
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Stellantis Forecasts 11% Decline in French Production as Overcapacity Fears Deepen
Stellantis expects production at its French factories to fall by about 11 percent over the next three years, marking one of the most significant adjustments to its industrial footprint in the country since the merger that created the automaker in 2021. Trade unions said the company shared internal estimates last week showing that output across […] The post Stellantis Forecasts 11% Decline in French Production as Overcapacity Fears Deepen appeared first on Tekedia.
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Money Without Exposure: The New Privacy in the Digital Age
Money Without Exposure: The New Privacy in the Digital Age Rachel was never just a journalist; she was the kind of investigative reporter whose work threatened oppressive governments in Africa. One day, while trying to verify an upcoming transaction, she noticed some discrepancies in her accounts. At that point, it dawned on Rachel that her […] The post Money Without Exposure: The New Privacy in the Digital Age appeared first on Tekedia.
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155 WhatsApp features you probably didn’t know existed
We use WhatsApp every day, yet there’s so much we don’t know. We chat, send pictures, mute groups, delete chats, and move on. But once in a while, you stumble on a feature you never knew existed, and it completely changes how you use the app. That was my experience recently, and it made me […]
TechCabal -
The Circular AI Business Model: A New Playbook for the AI-Driven Economy
Business model is the logic of a firm, and the engine room that determines how companies capture value in the marketplace. When new technologies emerge, history has shown that the winners are not always the inventors of the pure technology. Instead, victory goes to those who redesign business models, anchoring innovation on fresh pathways through […] The post The Circular AI Business Model: A New Playbook for the AI-Driven Economy appeared first on Tekedia.
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Ridelink targets SME trade with AI logistics and embedded finance
Though Ridelink began in Kampala, its headquarters now sits in San Francisco. The team spans roughly 14 people, a lean crew operating across key trade corridors globally.
TechCabal -
OpenAI’s New Playbook: Turning AI Partnerships Into Enterprise Wealth
Bill Gates did not become wealthy simply because he co-invented Microsoft technologies; he became a legend because he pioneered a new business model, one where software could be sold and licensed at scale. At a time when IBM bundled software with hardware at no explicit cost, Gates rewrote the economics of computing. That business model, […] The post OpenAI’s New Playbook: Turning AI Partnerships Into Enterprise Wealth appeared first on Tekedia.
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Giannandrea Steps Down, Subramanya Steps In: Apple Shakes Up AI Leadership Amid Criticism and Project Delays
Apple has announced the most significant change to its Artificial Intelligence (AI) group since the 2024 launch of Apple Intelligence, confirming that long-serving AI chief John Giannandrea is stepping down. The move comes as the company faces increasing pressure and criticism for falling behind its major tech rivals in the AI race. Giannandrea, who has […] The post Giannandrea Steps Down, Subramanya Steps In: Apple Shakes Up AI Leadership Amid Criticism and Project Delays appeared first on Tekedia.
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OpenAI Deepens Its Circular Investment Strategy With New Stake in Thrive Holdings
OpenAI has added a fresh layer to its fast-expanding web of strategic deals, announcing on Monday that it is taking an ownership stake in Thrive Holdings — a company launched in April by Thrive Capital, one of OpenAI’s biggest and most influential backers. The move widens OpenAI’s ongoing push to diversify its revenue streams at […] The post OpenAI Deepens Its Circular Investment Strategy With New Stake in Thrive Holdings appeared first on Tekedia.
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British Fintech Wise Secures Approval to Launch in South Africa, Marking Its First Entry Into Africa
Wise, the British financial technology company, has officially received conditional regulatory approval to operate in South Africa, marking its first expansion into Africa. The company expressed excitement about entering the market, noting that millions of South Africans will soon benefit from faster, cheaper, and more transparent international money transfers. The approval comes shortly after UK […] The post British Fintech Wise Secures Approval to Launch in South Africa, Marking Its First Entry Into Africa appeared first on Tekedia.
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Four Crypto Presales Drawing Attention in Early December: Why Mono Protocol Leads Developer and User Interest
Several early-stage projects continue gaining traction as users search for platforms built around utility and structured development. Mono Protocol, Nexchain, WeWake, and Maxi Doge now appear in multiple tracking lists due to steady raises and active updates. These entries remain visible across the crypto presale market as interest shifts toward practical solutions. 1. Mono Protocol […] The post Four Crypto Presales Drawing Attention in Early December: Why Mono Protocol Leads Developer and User Interest appeared first on Tekedia.
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