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.

  • NITDA warns Nigerians over AI-driven DeepLoad malware threat

    The National Information Technology Development Agency (NITDA) has issued a fresh cybersecurity alert warning Nigerians about a new and rapidly evolving threat known as DeepLoad, an AI-powered malware currently targeting individuals, businesses, and government institutions across the country. In an advisory released through its Computer Emergency Readiness and Response Team (CERRT.NG), the agency said DeepLoad…

  • BFREE raises growth funding to scale NPL acquisitions in Africa

    BFREE, a Lagos-based distressed credit investor, has raised an undisclosed growth equity round to expand its acquisition of non-performing loans (NPLs) across Africa, signaling growing investor confidence in the continent’s emerging distressed debt market. The funding round was led by AfricInvest through its Financial Inclusion Vehicle (FIVE), with participation from Algebra Ventures and several existing…

  • Why Payment Startups Are Targeting Francophone Africa Next

    Fincra has expanded its footprint in Africa after securing an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana, allowing the Nigerian fintech company to process local transactions and offer payment services directly within Ghana’s financial ecosystem. The move marks a major milestone in the company’s strategy to build cross-border payment infrastructure across…

  • Glovo and Chowdeck fail to detect fake restaurant accounts

    A recent investigation by Techpoint Africa has exposed major weaknesses in the vendor verification systems of food delivery platforms Glovo and Chowdeck after reporters successfully impersonated a restaurant and completed food deliveries without detection. The investigation has sparked concerns about consumer safety, platform accountability, and the growing risks of digital impersonation in Nigeria’s food delivery…

  • Seasonal spending in Nigeria rises 20%, Visa reports

    Visa has released new consumer spending insights showing that seasonal spending in Nigeria rose by about 20%, highlighting stronger activity during key festive and cultural periods such as Ramadan and Eid celebrations. The findings are based on the Visa Consulting & Analytics Retail Spend Monitor, which tracks payment trends across retail, travel, and everyday spending…

  • SheVentures offers ₦10m zero-interest loans to women entrepreneurs

    FCMB SheVentures has opened applications for its latest zero-interest loan programme aimed at supporting women entrepreneurs across Nigeria with funding of up to ₦10 million. The initiative is designed to ease access to affordable financing for women-owned businesses and help them scale operations in a challenging economic environment. According to the programme details, eligible applicants…