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.

  • Capitec increases capital spending by 19% to accelerate digital and tech-driven banking growth.

    This steady growth reflects a commitment to strengthening infrastructure and scaling operations through digital innovation. Capitec, one of South Africa’s fastest-growing banks, has announced a significant increase in its capital expenditure, rising by 19% as part of its ongoing strategy to strengthen technological infrastructure and improve customer services. The bank’s focus on technology investment highlights…

  • Why record corporate profits don’t translate into cheaper prices for consumers.

    Despite manufacturers reporting record profits, consumer goods prices often do not fall, and several interconnected factors explain this paradox. First, companies tend to prioritize profit maximization over price reductions. When demand for products remains strong, firms have little incentive to cut prices even if their production costs decrease. Instead, they retain higher margins, rewarding shareholders…

  • Startups Turn to Debt as Venture Capital Funding Slows

    In recent years, start-ups and growth-stage companies have relied heavily on venture capital (VC) funding to scale operations, expand market reach, and fuel innovation. However, global economic uncertainties, tighter monetary policies, and investors’ growing focus on profitability have slowed the pace of VC inflows. As a result, debt financing is emerging as an increasingly attractive…

  • Vodacom Advances Africa’s 5G Future with Dual-Band Massive MIMO Innovation.

    The implementation of this technology demonstrates Vodacom’s ongoing strategy to future-proof its network, to meet ever growing customer demand for data and enhance its 5G network leadership in South Africa. Vodacom has achieved a major technological milestone by successfully deploying dual-band massive MIMO (Multiple Input, Multiple Output) on its 5G network, setting a new benchmark…

  • African Startup Funding Stumbles as Global Venture Slowdown Reaches the Continent

    After showing strong resilience against the global funding slowdown in 2022 and early 2023, African startups have begun to feel the weight of reduced venture capital inflows. The first quarter results of 2024 indicate a marked decline in deal volume and investment size across the continent, signaling that Africa is no longer insulated from the…

  • Egypt, India strengthen ICT partnership with focus on AI, offshoring, and startups.

    The meeting reviewed progress on projects implemented under the memorandum of understanding (MoU) between Egypt and India, which covers areas including e-government, IT industry development, digital innovation and entrepreneurship, capacity building, electronics design and manufacturing, cybersecurity, and emerging technologies. Egypt and India are strengthening their collaboration in the Information and Communications Technology (ICT) sector, with…