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.

  • FMO Backs M-KOPA’s Electric Mobility Expansion

    Dutch development bank FMO is preparing a $30 million senior-debt financing package for M-KOPA Kenya Mobility, the electric-mobility subsidiary of African fintech company M-KOPA. The proposed financing is designed to expand access to electric motorcycles in Kenya while supporting the company’s growing pay-as-you-go financing portfolio. The package is structured through three components. FMO will provide…

  • Nigeria Launches $350K Startup Funding Programme

    Nigeria has opened applications for a new accelerator programme that could give selected early-stage technology startups access to as much as $350,000 in funding. The initiative is part of the Federal Government-backed Investment in Digital and Creative Enterprises (iDICE) Programme and is being implemented through the Bank of Industry (BoI). Known as the iDICE Startup…

  • Mylerz Raises $2M to Expand Egypt’s E-Commerce Logistics

    Egyptian logistics company Mylerz has secured more than $2 million in fresh debt and equity financing as it moves to strengthen its operations and expand the infrastructure supporting Egypt’s growing e-commerce market. The funding, worth more than EGP100 million, was led by Lorax Capital Partners, with participation from Egyptian payments company Fawry and other existing…

  • Zazu Secures Seed Funding to Expand African Fintech

    South African fintech startup Zazu has secured a seed investment from pan-African venture capital firm Launch Africa Ventures, giving the company fresh backing as it works to transform financial services for entrepreneurs and small and medium-sized enterprises (SMEs) across Africa. The investment adds Zazu to Launch Africa Ventures’ Seed Fund II portfolio and comes as…

  • The Media Industry Is Entering a New Era

    The next big media business may not look like a traditional newspaper, television station, radio network or even a conventional digital publisher. As technology changes how people discover, consume and pay for information, the future of media is likely to be built around a much stranger combination of content, technology, community and commerce. For decades,…

  • Terra Industries Raises $52M Seed Round

    Nigerian defence-tech startup Terra Industries has closed a $52 million seed funding round, marking one of the largest seed financings yet for an African defence technology company. The latest $18 million investment completes the round and gives the young company significant capital to expand manufacturing, strengthen its technology and enter international markets. Founded in 2024…