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.

  • YouTube and Meta ruled responsible for creating addictive products

    In a landmark verdict, a jury has found tech giants YouTube and Meta guilty of designing products that intentionally promote addictive behavior among users. The decision marks a significant moment in the global conversation around social media, user safety, and corporate responsibility. The trial focused on evidence suggesting that both companies engineered their platforms to…

  • Flutterwave CEO joins Nigerian leaders in London to attract UK investment

    The CEO of Flutterwave, Africa’s leading payments technology company, recently joined prominent Nigerian business figures, including Tony Elumelu and Jim Ovia, at a high-profile investment forum in London. The gathering aimed to position Nigeria as a key gateway for British investors looking to tap into Africa’s growing digital economy and vibrant business landscape. The forum,…

  • OPay opens Jos office to boost financial inclusion

    OPay, one of Nigeria’s leading digital financial services platforms, has officially opened a new office in Jos, Plateau State, signaling its commitment to expanding financial inclusion and enhancing customer service across the country. The move is part of the company’s broader strategy to deepen its reach beyond Nigeria’s major urban centers and bring accessible digital…

  • Moniepoint Expands into Kenya Via Major Acquisition.

    Moniepoint has taken a bold step into East Africa by acquiring a 78% controlling stake in Sumac Microfinance Bank in Kenya — marking one of the most decisive moves yet by a Nigerian fintech into a neighbouring financial market. Moniepoint’s acquisition of Sumac (also referred to as Sumac Microfinance Bank in recent industry reports) is…

  • Nigeria’s fintech growth finds strength in evolving regulation

    Over the past decade, the Central Bank of Nigeria (CBN) and other regulators have introduced a series of policies aimed at structuring the fast-growing digital finance ecosystem. Licensing frameworks for payment service banks, microfinance banks, and switching companies have created clearer pathways for startups to scale legally and responsibly. While these rules initially slowed some…

  • Lagos Ride‑Hailing Drivers Threaten to Abandon Uber, Bolt, and inDrive Amid Strike.

    Uber, Bolt, and inDrive are facing rising unrest from their driver partners in Lagos, as a coordinated strike entered its third day with no official response from the platforms. Drivers under the Amalgamated Union of App‑Based Transporters of Nigeria (AUATON) have not only protested low earnings and high operating costs, but have now threatened to…