Nigerians are more likely to buy event tickets a few days before an event than on payday, according to a discussion on Headlines by TechCabal. Hosts Eme Oreoluwa and Muktar Oladunmade spoke with Folayemi Agusto, CEO of Nigerian-founded event-ticketing platform Tix Africa, about the behaviour.

The episode examines what it takes to organise an ambitious event outside Lagos, why Nigerians may be spending more on educational events than music concerts, and whether ticket purchases are more likely to increase shortly before an event than when salaries are paid. The episode is available here.

MNT-Halan floats 20% of its local business on the Egyptian Exchange

MNT-Halan, Egypt’s first fintech unicorn, has begun accepting subscriptions for an initial public offering of its local business arm, MNT Tech Holding for Financial Investments. The company is offering 320 million existing shares, representing about 20% of the business, at EGP 24.5 ($0.47) per share.

The offering values the company at EGP 39.2 billion ($750 million) and could raise EGP 7.84 billion ($150 million). Trading is expected to begin on October 20.

The transaction is not a conventional capital raise. MNT-Halan’s shareholder is selling existing shares, meaning the IPO proceeds will go to the shareholder rather than directly to the listed Egyptian company. The shareholder plans to return up to EGP 4 billion ($76 million) to the Egyptian business through a separate capital increase. The remaining funds will support MNT-Halan’s Turkish operations and another acquisition.

The IPO price was fixed before orders were taken, so investors will not bid the share price up or down during the offer. Demand will instead be reflected in the level of oversubscription and in trading after the listing. Commercial International Bank (CIB) and London-based fund Redwheel have committed up to about 39% of the base offer.

At EGP 24.5 ($0.47), the offer values MNT-Halan at about 20 times its 2025 profit. That compares with 28.5 times for listed consumer-lending fintech Valu, giving the offer a public-market benchmark once trading begins. MNT-Halan founder Mounir Nakhla said the company might have raised only $30–40 million in 2024. The targeted $150 million offering is therefore significantly larger than the amount he previously indicated might have been available.

Quickmart owners retain option to sell another 20% after IPO

Quickmart’s owners are offering half of Kenya’s second-largest supermarket chain to the public, but the company’s IPO documents show that they may be able to sell an additional 20% soon after the listing.

Quickmart’s sole shareholder, Sokoni Retail Kenya, is offering two billion existing shares at KES 7.50 ($0.58) each. A full sale would raise KES 15 billion ($116 million) for Sokoni and leave it with 50% of Quickmart.

Sokoni will retain two billion shares after the IPO. About 1. billion of those shares will be subject to a 24-month lock-up, while the remaining 800 million shares can be sold without waiting for the lock-up period to end. The unlocked shares represent another 20% of Quickmart.

Lock-ups are designed to prevent major shareholders from selling immediately after an IPO and to demonstrate that existing owners remain financially committed to the business. Quickmart’s owners include private-equity firm Adenia Partners, the families behind Quickmart and Tumaini supermarkets, and chief executive officer Peter Kang’iri. Adenia began investing in the two retailers in 2018, and the businesses merged in 2020.

The structure allows Quickmart’s owners to continue their exit without waiting two years. Adenia is eight years into an investment cycle that private-equity funds typically expect to last seven to 10 years. A further sale is not guaranteed, but the 800 million unlocked shares provide a substantial pool of stock that could be sold if the owners seek additional liquidity. Whether and how quickly Sokoni taps that pool is one of the details to follow once Quickmart begins trading.

Quickmart’s IPO will list the supermarket on the Nairobi Securities Exchange (NSE) while also showing private investors that the exchange can support staged exits instead of requiring owners to remain private or sell their entire holdings at once. Business Daily Africa reported on the share-sale provisions.

South Africa’s new mobile-data rules remain tied up in court

South African mobile users will have to wait for new protections covering unused data bundles and out-of-bundle charges after MTN and Vodacom challenged the rules in court.

The Independent Communications Authority of South Africa (ICASA) said the legal action will delay the amended rules. They were scheduled to take effect on January 23, 2027, but ICASA told Parliament that it cannot enforce them while the court cases are pending.

ICASA published the amended End-User and Subscriber Service Charter regulations in January 2026. The regulations require operators to roll over unused data at least once after a bundle expires, without charging customers or requiring an additional step. Operators would also have to use the oldest bundle first and send data-depletion alerts when customers have used 50%, 80% and 100% of their bundles.

In July, Vodacom challenged provisions covering out-of-bundle usage, bundle rollovers, bundle transfers and the exemption of mobile virtual network operators (MVNOs). The company is particularly concerned that customers who have not opted into out-of-bundle charging could have calls cut off automatically once their bundles run out.

MTN also filed a review in July, saying it wants the framework to be lawful, reasonable, competitively neutral and practical to implement. ICASA accused both companies of collusion but withdrew that accusation in August.

For now, the existing rules remain in effect. The pending regulations could give South African users greater control over unused data, but the courts must first decide whether they should be upheld. Until those rulings arrive, the timing of the rollout — originally set for January 23, 2027 — remains open. The amended regulations are available in the South African government publication.

Ghana advances plans for a national space agency

Ghana’s Cabinet has approved plans to establish a national space agency, and the government has begun drafting the legislation required to create it.

The agency would develop from the Ghana Space Science and Technology Institute (GSSTI), which currently operates under the Ghana Atomic Energy Commission (GAEC). Ghana does not currently have a standalone space agency.

GSSTI has led the country’s space-science work for more than a decade. It began as a centre in 2011, was officially launched in 2012 and became an institute in 2013. Its mandate is to apply space science and technology to Ghana’s development.

The proposed agency would coordinate space activities across government, organise the acquisition and processing of satellite imagery, support research and innovation, build partnerships with private companies and international organisations, and develop Ghanaian expertise in satellite engineering, remote sensing and geospatial science. The government also wants to build more domestic satellite capability over time and reduce its reliance on third-party providers.

Market research company Space in Africa estimates that about 300 commercial space companies across 36 African countries generated $373.35 million in revenue in 2024. The industry is projected to reach $580 million by 2030. Space in Africa published the industry figures in its 2025 report.

Other African countries have already established space institutions and programmes. Nigeria’s National Space Research and Development Agency (NASRDA) has developed and launched Earth-observation and communications satellites, while using satellite data for agriculture, flood monitoring, environmental mapping and security. Kenya’s Space Agency operates Earth-observation programmes and is developing capabilities in satellite communications and manufacturing. Rwanda is developing ground infrastructure and satellite applications for agriculture and disaster management.

Ghana’s proposed agency would provide a central institution for coordinating the country’s space ambitions through GSSTI and determining its role as Africa’s space economy expands. The legislation now being drafted is the next milestone, since the agency can only be established once it is enacted.

Crypto tracker

The World Wide Web3

Source: Coin Name | Current Value | Day | Month

The available tracker data lists the following daily and monthly changes:

• –1.70% | +5.43%
• –3.20% | +4.16%
• –6.19% | +17.14%
• –1.16% | +12.35%

Data as of 06:40 AM WAT on October 7, 2026.

Job openings

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Additional openings are available on TechCabal’s job board.

Other stories from TechCabal include “PiggyVest helped Nigerians save and became more than a savings app,” “What prediction markets must fix to remove the ‘gambling’ label,” and “M-KOPA acquires Finnish device-locking company KilpiTek Oy for $8 million.”

Written by Yemi Kareem and Emmanuel Nwosu. Edited by Emmanuel Nwosu and Ganiu Oloruntade.

Source: TechCabal.