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.

  • eNaira Shifts from Wallet to Payment Rail

    When the Central Bank of Nigeria (CBN) launched the eNaira in October 2021, it was heralded as a pioneering step toward financial inclusion and the modernization of the nation’s monetary framework. As Africa’s first Central Bank Digital Currency (CBDC), it was designed to offer a secure, cost-effective alternative to physical cash. However, the initial rollout…

  • New CEO Takes Charge at Spiro After Funding Round

    African electric mobility company Spiro has appointed Anant Badjatya, the former chief executive of Indofast Energy, as its new Group CEO following a landmark $215 million equity funding round aimed at accelerating its expansion across the continent. The appointment marks a significant leadership restructuring for Spiro, one of Africa’s largest electric motorcycle and battery-swapping operators.…

  • CreditChek Boosts Credit Infrastructure with $600K

    In a significant development for the African fintech landscape, Nigeria-based CreditChek has successfully raised $600,000 in pre-seed funding. This capital injection is earmarked for an ambitious expansion, aiming to extend its innovative credit data infrastructure into the burgeoning markets of East Africa. The move signifies a growing recognition of the critical role robust credit assessment…

  • Myka: Transforming Insurance Through Agent Networks

    The landscape of financial services in Nigeria has undergone a seismic shift over the past decade, primarily driven by the success of agency banking. By leveraging a network of local shop owners and kiosks to provide basic financial services to the unbanked, fintech companies successfully bridged the gap between traditional banking and the grassroots population.…

  • Joanne Manda: Powering Africa’s Innovation Ecosystem

    Africa, a continent brimming with untapped potential and a vibrant youth demographic, is increasingly becoming a focal point for global innovation. At the forefront of this transformative movement is Joanne Manda, a driving force behind Timbuktoo, an initiative dedicated to cultivating Africa’s entrepreneurial ecosystem from the ground up. Manda’s vision is not merely about importing…

  • Treadway, Invasion launch $1.25B African startup hub push

    Treadway and Invasion have jointly announced a landmark commitment of $1.25 billion to establish a large-scale African startup incubation platform aimed at accelerating early-stage innovation across the continent. The initiative is positioned as one of the most ambitious private-sector investments in Africa’s startup ecosystem to date, with a focus on building infrastructure, funding pipelines, and…