WhatsApp, the popular social media platform, has announced the rollout of voice message transcripts, offering users a convenient way to access and review voice messages. The new feature allows users to select the "Chats" section in their WhatsApp settings, tap "Voice Message Transcripts," and then long-press a voice message to transcribe it. This update is expected to enhance user experience and provide an alternative to listening to voice messages.

In other news, Jiji, a Nigerian e-commerce marketplace, has risen to dominance in the country's tech ecosystem. Despite launching two years behind its competitors, Jiji has successfully scaled its business through acquisitions and cost-effective marketing strategies. In an interview with TechCabal, Jiji's CEO and co-founder, Anton Volianskyi, shared the company's playbook for gaining market dominance, which includes investing in rigorous ad moderation and anti-scam systems to detect and remove fraudulent listings.

Jiji's success is a testament to the growing tech ecosystem in Nigeria, where startups are increasingly focusing on sustainable profitability and partnerships. A recent report by TLP Advisory, a Nigerian venture law firm, revealed that 49% of Nigerian startups make less than ₦10 million ($6,000) in annual revenue, with two-thirds of these startups founded between 2019-2023. While some have questioned the report's methodology, it highlights the importance of prioritizing lower cash burn and cost-cutting measures in the Nigerian market.

Furthermore, the report emphasized the significance of partnerships and mergers and acquisitions (M&As) in Nigeria's startup market. One recent example is OmniRetail's acquisition of Traction Apps, a Nigerian payments provider, which demonstrates the country's readiness for a maturing tech ecosystem. With more partnerships and M&As, Nigeria's tech ecosystem can unlock more growth opportunities.

In related news, Kenya has canceled a $2.6 billion power and airport project with the Adani group following a US indictment of Gautam Adani, the company's chairman, on bribery charges. The project had faced opposition from various groups, citing concerns over job losses, unaffordability, and the 30-year concession clause that would stop Kenya from building or expanding other competing airports.

Finally, the Egyptian supply chain startup, Qara, has raised $2.6 million in funding from undisclosed investors to enhance its operations and expand into Saudi Arabia. This funding round is one of several recent deals in the African tech ecosystem, highlighting the region's growing appeal to investors.

As the African tech ecosystem continues to evolve, it is essential to stay informed about the latest developments, trends, and innovations. TechCabal's insightful newsletters, including The Next Wave, Entering Tech, and TC Scoops, provide in-depth analysis and updates on the business and economy of tech in Africa.