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.

  • Nigerian Fintech Partners Expand Payment Possibilities

    Paystack, the Nigerian fintech platform owned by Stripe, has unveiled a groundbreaking payment integration with OPay, enabling merchants to accept payments directly from millions of OPay account holders. This strategic move represents a significant advancement in digital payment technologies in Nigeria To read more click here

  • KIXP and iXAfrica Unite to Transform Regional Digital Landscape

    Kenya has taken a significant step in strengthening regional internet infrastructure through a partnership between the Kenya Internet Exchange Point and iXAfrica Data Centers. The collaboration establishes a new peering Point of Presence at iXAfrica’s NBOX1 facility, East and Central Africa’s only hyper-scale data center. To read more click here

  • Digital Transformation: How Arabsat and Qvest Are Reshaping MENA Media Landscape

    The agreement centers on developing an advanced OTT (over-the-top) streaming platform that promises to be fast, reliable, and user-friendly. This strategic initiative will allow Arabsat to expand beyond traditional satellite services and enter the direct-to-consumer digital market. The platform will also offer white-label solutions, enabling broadcasters and content providers throughout the region to launch their…

  • Ugandan State Telecom Secures Major Investment and Strategic Partnership

    Uganda’s telecommunications landscape is set for a significant transformation as the state-run Uganda Telecommunication Corp. (UTel) prepares to welcome a substantial investment from Dubai-based Rowad Capital Commercial (RCC) LLC. The $225 million deal includes RCC acquiring a 60% majority stake in UTel, marking a pivotal moment in the company’s development. To read more click here

  • Jumia Targets Profitability by 2027 Amid Challenges and Strategic Shifts

    Jumia, Africa’s top e-commerce platform, anticipates generating sufficient revenue to cover its operating expenses by 2027. While this does not equate to net profitability, as taxes may still affect the bottom line, it marks a significant achievement for a publicly traded company that has traditionally posted losses. To read more click here

  • Microsoft shrinks Nigerian office from six to two floors, moves more roles to Kenya

    After laying off half of its workforce in Nigeria, Microsoft will reduce its office space at the Kings Tower building in Ikoyi from six floors to two, suggesting a scaleback in its Nigerian operations. One person with direct knowledge of Microsoft’s business said the global technology company may not renew its tenancy in 2025 when its current…