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.

  • Amazon Expands Prime to Compete with Takealot in South Africa

    Amazon is intensifying competition in South Africa’s e-commerce market with the expansion of its Prime membership offering, a move widely seen as a direct challenge to local online retail leader Takealot. The strategy reflects Amazon’s broader ambition to deepen its presence in Africa’s digital economy while leveraging its global ecosystem of services to attract and…

  • Digital Encode Warns of Rising Cybersecurity Threats in Nigeria

    Nigeria is experiencing a growing wave of cybersecurity breaches, prompting renewed concerns about the country’s digital safety and resilience. In response to the increasing threats, cybersecurity firm Digital Encode has issued an urgent advisory highlighting widespread security weaknesses affecting both organizations and individuals across various sectors. As digital transformation accelerates in Nigeria, more businesses and…

  • Berkshire Asset Management Expands Fund Services in Nigeria

    Berkshire Asset Management Limited is strengthening its position in Nigeria’s financial services sector with a renewed focus on delivering world-class fund management solutions. The firm aims to enhance investment opportunities for individuals and institutions while contributing to the continued development of Nigeria’s capital market. As Nigeria’s economy evolves amid shifting macroeconomic conditions, demand for professional…

  • Ecobank Launches Nature Bond for Africa

    Ecobank Group has unveiled the world’s first Nature Bond, a groundbreaking financial instrument designed to mobilize international investment for the protection and restoration of Africa’s natural ecosystems. The initiative marks a significant milestone in sustainable finance, demonstrating how capital markets can be leveraged to address pressing environmental challenges while supporting economic development across the continent.…

  • Nigerian Market Sell-Off Erases Trillions in Investor Wealth

    Nigeria’s stock market has experienced a sharp downturn, wiping out more than N5 trillion in investor wealth since the beginning of June. The significant decline has raised concerns among market participants as selling pressure continues to weigh heavily on major stocks across key sectors. The recent market slump reflects a combination of profit-taking activities, economic…

  • Esca Finance Accelerates Africa Payments Network

    Esca Finance has partnered with MANSA, a fintech company backed by stablecoin issuer Tether, to accelerate cross-border payment settlements across Africa. The collaboration is aimed at solving one of the continent’s most persistent financial challenges: slow and costly international transactions. Businesses operating across African markets often face delays when moving funds between countries. Traditional banking…