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.

  • Nigeria abandons treasury single account gateway Remita after 13 years

    The Nigerian government has introduced a new payment platform, the Treasury Management & Revenue Assurance System (TMRAS), to replace Remita as the primary system for processing payments across ministries, departments, and agencies (MDAs). This transition is aimed at improving transparency, automating tax deductions, and ensuring seamless financial transactions within the government. Although TMRAS is now…

  • Namibia looks to launch its CBDC

    Namibia is exploring the launch of a central bank digital currency (CBDC) to improve cross-border payments and enhance financial inclusion. The Bank of Namibia (BoN) is still assessing the feasibility of a CBDC, following recommendations from the International Monetary Fund (IMF), which advised focusing on strengthening existing payment systems before a full rollout. BoN is…

  • Namibia’s telecom sector surpasses $43m in data revenue amid digital boom

    Namibia’s telecom sector has recorded over N$800 million ($43 million) in data revenue for Q3 2024, highlighting a major shift towards data-driven services. Data now accounts for 70% of total mobile service revenue, a significant increase from 46% in 2018. This trend mirrors broader developments across Africa, where telecom companies are seeing rapid growth in…

  • Google to Double Google Drive Subscription Price for Nigerian Users Amid Rising Costs

    Google is set to double the subscription price for its 100GB Google Drive storage plan in Nigeria, increasing the cost from ₦950 to ₦1,900 per month. The new pricing will take effect on March 28, 2025, as part of a broader adjustment affecting several African countries, including Egypt, Ghana, and Tanzania. Google One, which provides…

  • Flutterwave Enters Zambia to Boost Digital Payments and Support Business Growth Across Africa

    Flutterwave has officially expanded into Zambia after securing a Payment System License from the Bank of Zambia, allowing businesses in the country to leverage its digital payment solutions for seamless local and international transactions. With mobile money services driving nearly 70% of Zambia’s financial inclusion, Flutterwave’s entry is expected to accelerate digital transactions, streamline financial…

  • Starlink Surpasses FiberOne to Become Nigeria’s Second-Largest Internet Provider

    Starlink has become Nigeria’s second-largest Internet Service Provider (ISP), overtaking FiberOne, while Spectranet remains the market leader. According to the Nigerian Communications Commission’s (NCC) Q3 2024 report, Spectranet still holds the top spot with 105,441 subscribers, despite losing over 8,000 users. Meanwhile, Starlink, which launched in Nigeria in January 2023, grew rapidly to 65,564 subscribers…