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.

  • Swoop’s 100% Rider Model Exposes the Fragile Unit Economics of Lagos Food Delivery.

    Food delivery startup Swoop is coming under scrutiny for its “100% rider model,” a structure that places full operational responsibility on delivery riders, highlighting how tight and fragile unit economics remain in Lagos’ food delivery market. Under the model, riders are expected to shoulder most delivery costs and operational risks while earning directly from completed…

  • OPay Valued at $3.1 Billion in Latest Securities Filing.

    OPay has been valued at $3.1 billion, according to a recent securities filing, reinforcing its position as one of the most valuable consumer fintech companies operating in Nigeria’s digital payments market. The valuation reflects the company’s continued growth in mobile payments, wallet services, and merchant infrastructure across Nigeria and other markets where it operates. OPay…

  • Nokia Chooses Egypt for Regional Tech Hub as 5G Demand Rises in the Middle and Northern East Region.

    Nokia has selected Egypt as the location for a new regional technology hub, a move aimed at strengthening its presence in the Middle East and Africa as demand for 5G infrastructure accelerates. The hub is expected to support telecom operators across the region with network deployment, software services, and digital infrastructure solutions, particularly as countries…

  • Central African Republic Cracks Down on Grey Market Starlink Use.

    The Central African Republic has moved to clamp down on the unauthorized use and resale of Starlink internet services, targeting a growing grey market that has emerged around satellite connectivity in the country. SpaceX’s Starlink service was originally designed to expand broadband access in underserved regions, but in markets like the Central African Republic, limited…

  • How Betaling Turned a Student FX Crunch in Kenya Into a Cross-Border Payments Business.

    Betaling began as a workaround to a problem Nigerian students in Kenya couldn’t ignore: moving money across borders was slow, expensive, and often unreliable. Bank transfers took days, sometimes weeks. Access to foreign exchange was limited. And because most African currencies don’t trade directly, payments were routed through the US dollar—adding layers of fees and…

  • Gate and Flutterwave enable African fiat payments in NGN, XAF, KES, and ZAR

    Global payments infrastructure continues to expand across Africa as Gate, a digital asset and trading platform, partners with Flutterwave to enable dual-sided African fiat payment support across multiple currencies, including the Nigerian naira (NGN), Central African CFA franc (XAF), Kenyan shilling (KES), and South African rand (ZAR). The collaboration is designed to simplify cross-border transactions…