Faith Omoniyi - Profile and Journalist Details
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Faith Omoniyi
Verified
Reporter, TechCabal
Nomad
Beats
Biography
Faith Omoniyi is a Nigeria-based freelance writer and digital storyteller interested in exploring the intersection between culture, technology, and entertainment in Africa.
east african business news, east african equity markets african business news, corporate eventseast african public finances, african startups east african currencies, east african bond markets
Content
By Faith Omoniyi| TechCabal Verified Globally, angel investors often have a hard time investing in startups. But, by only investing in sectors where angels have experience and helping the startup hit its revenue milestones, angels are more likely to get returns on their investment, according to Fisayo Durojaye, an angel investor in Shuttlers, Home Depot and Oneport 365. Why should you listen to Durojaye?
By Faith Omoniyi| TechCabal Verified Access Holdings, the parent company of Access Bank, spent a jaw-dropping ₦193.5 billion ($120.5 million) on tech in 2024. The bank spent 147% more on tech than it did in the previous year, more than its competitors—GTCO, UBA, and Zenith Bank. GTCO, for instance, spent ₦88 billion ($56.8 million) on IT expenses, Zenith spent ₦67.3 billion ($43 million), while UBA spent ₦48 billion ($30.5 million).
By Faith Omoniyi, Ngozi Chukwu| TechCabal Verified Lori Systems, the Google-backed Kenyan logistics startup raised $2 million at a steeply discounted $5 million valuation in 2024. The logistics startup, once valued at about $120 million, saw its valuation slashed to $5 million in the latest bridge round which was led by Delta40, with participation from Future Africa, FP Capital, and other investors. The latest fundraise brings the company’s total funding to over $46 million.
Company Info
TechCabal
TechCabal is a prominent digital media company that focuses on the African tech ecosystem. Established in 2013 and headquartered in Lagos, Nigeria, it is part of Big Cabal Media. TechCabal provides in-depth coverage of innovation, entrepreneurship, and technology across the continent. The company publishes high-quality articles and newsletters, including the TC Daily, which offers a daily roundup of technology news and trends in Africa. Through TechCabal Insights, it provides consultancy services that utilize big data to assist various stakeholders, including startups, investors, and governments. TechCabal also organizes events like the Moonshot Conference and manages the Radar forum, fostering discussions on technology in Africa. With a revenue of approximately $7 million and a team of around 39 employees, TechCabal serves a diverse audience across many African countries.
Lagos, Lagos, Nigeria
Founded: 2013