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.

  • Hyperbridge Urges African Banks to Lead the Creation of Local Stablecoins

    The Chief Technology Officer (CTO) of Hyperbridge has called on African financial institutions to take the lead in issuing local stablecoins — digital currencies backed by domestic assets or fiat reserves — to strengthen the continent’s financial ecosystem and promote regional economic independence. Speaking at a recent fintech forum, the CTO emphasized that Africa stands…

  • Madica boosts North Africa’s AI ecosystem with $400,000 investment and stronger angel investor partnerships

    Madica, a pan-African investment initiative backed by Flourish Ventures, has announced a fresh $400,000 investment aimed at fueling the growth of early-stage artificial intelligence (AI) startups in North Africa. The move underscores Madica’s mission to empower founders across underserved African markets while fostering collaboration with the continent’s expanding network of angel investors. The investment, which…

  • Northbrix Launches AI Platform to Help Businesses Drive Smarter, Data-Led Marketing Growth

    Northbrix, a rising player in artificial intelligence solutions, has unveiled a new AI-driven platform designed to transform how businesses approach marketing — shifting it from a traditional cost centre into a powerful engine for growth. The company’s latest innovation leverages predictive analytics, machine learning, and automation to help brands maximize returns on marketing investments and…

  • OpenAI Implements 7.5% VAT on ChatGPT Subscriptions for Nigerian Users

    Nigerian users of ChatGPT are set to pay more for OpenAI’s popular artificial intelligence tool as the company implements a 7.5% Value Added Tax (VAT) in line with Nigerian tax regulations. The new pricing adjustment reflects OpenAI’s compliance with the country’s digital service tax policy, which requires foreign companies offering digital products and services to…

  • Pay10 Gains License to Boost Digital Payment Innovation in Morocco

    The fintech firm Pay10 has secured regulatory approval from Morocco’s central bank, Bank Al‑Maghrib (BAM), to operate as a licensed payment institution in the country. The licence marks a significant milestone both for Pay10 and for Morocco’s push towards a modern, inclusive digital‑payments ecosystem. With this authorisation, Pay10 is now cleared to offer regulated digital payment…

  • CBN Deepens Collaboration with Fintechs to Boost Digital Finance and Economic Inclusion

    In a bold move to reshape Nigeria’s financial landscape, the Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening its partnership with the fintech sector. This renewed collaboration aims to foster innovation, enhance financial inclusion, and reinforce the integrity of the nation’s financial system. During a recent fintech stakeholders’ forum in Lagos, CBN…