TechStream

Technology news around the ecosystem!

From Lagos to Nairobi

We give you summaries of happenings around tech, from developer stand-ups to the boardrooms.

  • Paga Hits $1.5B in Monthly Transaction Volume

    Paga is processing about $1.5 billion in transactions every month, according to founder and Group CEO Tayo Oviosu, highlighting the scale the Nigerian fintech has reached after 17 years of building digital financial infrastructure. Oviosu disclosed the figure in a recent interview, saying Paga now has more than 200 employees and processes over $1.5 billion…

  • Nigeria’s DRE Fund Enters Commercial Phase

    Nigeria has moved a major step closer to scaling distributed renewable energy after the $300 million Nigeria Distributed Renewable Energy (DRE) Fund reached commercial launch. Unveiled on the sidelines of the United Nations General Assembly in New York by the Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All (SEforALL), the fund marks…

  • MNT-Halan Races Toward Egypt’s Biggest Tech IPO

    MNT-Halan has entered a six-month race to complete what could become Egypt’s biggest technology IPO, after the Egyptian Exchange (EGX) granted its parent company a temporary listing. The EGX Listing Committee approved the temporary listing of 1.6 billion shares in MNT Tech Holding for Financial Investments, the holding company for MNT-Halan’s Egyptian operations. The shares,…

  • South Africa’s SME Funding Gap Is a Data Problem

    South Africa’s SME funding challenge is often described as a shortage of capital. But the country’s R350 billion ($21.5 billion) financing gap points to a deeper problem: many small businesses remain difficult for lenders to understand because the data needed to assess their creditworthiness is incomplete, fragmented or unavailable. The OECD’s Financing SMEs and Entrepreneurs…

  • AI and Climate Tech Drive Africa’s Startup Funding

    Africa’s startup ecosystem is seeing renewed investor interest in artificial intelligence and climate technology, with recent funding announcements highlighting a shift toward businesses developing technology for major economic and environmental challenges. The momentum comes despite a more selective funding environment. African startups raised about $1.44 billion in the first half of 2026, slightly above the…

  • One Year Later, What Are Chowdeck Riders Really Earning?

    A year after Chowdeck CEO Femi Aluko said delivery riders on the platform earn an average of ₦100,000 weekly, a closer look at riders’ experiences suggests that the figure does not necessarily represent what most workers take home. Aluko made the statement during a Channels Television interview, explaining that rider earnings depend largely on the…