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.

  • African Startup Funding Drops 40% in Q2 2026

    African technology startups secured approximately $260 million in funding during the second quarter of 2026, representing a 40% decline compared with the same period in 2025. The figures reflect a more cautious investment environment, as venture capital firms continue to prioritise sustainable growth, profitability, and operational efficiency over rapid expansion. Despite the year-on-year decline, the…

  • Catalyst Fund Raises $30M to Fuel Africa’s Climate-Tech Growth

    Catalyst Fund has reached the second close of its climate technology fund at $30 million, reinforcing its commitment to supporting African startups developing innovative solutions to the continent’s environmental and climate challenges. The milestone underscores growing investor confidence in Africa’s climate-tech sector, which has emerged as one of the fastest-growing segments of the continent’s startup…

  • Zoyk POS Gains Momentum Across Southern Africa

    Zoyk’s point-of-sale (POS) solution is gaining increasing attention across the Southern African Development Community (SADC) as businesses seek smarter, more integrated payment and retail management technologies. With digital transformation accelerating across the region, merchants are looking beyond basic payment terminals to platforms that combine payment processing, inventory management, customer insights, and business analytics into a…

  • LemFi Expands Into Wealth Management With Wealth8 Acquisition

    African fintech company LemFi has acquired Wealth8, marking a strategic move beyond cross-border payments into wealth management and investment services. The acquisition signals the company’s ambition to evolve into a comprehensive financial platform that serves the broader financial needs of immigrants and global customers, extending beyond remittances to long-term wealth creation. LemFi has built its…

  • French Tech Lagos Strengthens France–Nigeria Startup Ties

    French Tech Lagos has renewed its official community label, reinforcing its role as a key connector between the French and Nigerian technology ecosystems. The renewal marks another milestone for the organisation as it continues to foster collaboration between entrepreneurs, investors, corporations, and policymakers across both countries. The French Tech Community label, awarded by the French…

  • Novastar Partners Google to Accelerate AI Startups in Africa

    African venture capital firm Novastar Ventures has joined the Google Africa Applied AI Lab, strengthening efforts to support startups developing practical artificial intelligence solutions across the continent. The partnership brings together investment expertise and technological resources to help founders build scalable AI-driven businesses capable of addressing Africa’s most pressing challenges. The Google Africa Applied AI…