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.

  • Arum’s Hokfam Wins Second Place at Leeds Tech Hackathon

    Nigerian tech entrepreneur Ikechukwu Emmanuel Arum has earned international recognition after his startup, Hokfam, secured second place at the prestigious Lloyds Bank Tech Hackathon held in Leeds. The achievement highlights the growing influence of Nigerian innovators on the global technology stage. Arum and his team impressed judges with their solution, LeedsLink, a digital platform designed…

  • Glovo Expands Dialogue on Digital Economy with Lagos Summit 2.0

    Glovo, the global multi-category delivery platform, is set to host the second edition of its “Future of Commerce Summit 2.0” in Lagos, building on the success of its inaugural gathering that brought together key players across Nigeria’s digital economy. The upcoming event is expected to further deepen conversations around innovation, technology, and the evolving landscape…

  • Flutterwave denies $75M Nigerian government investment report

    Flutterwave has denied reports that it received a $75 million investment from the Nigerian government, pushing back against widespread claims linking the supposed funding to its anticipated public listing. Speculation about the investment gained traction following media reports and social media discussions indicating that the federal government had approved a multimillion-dollar stake in the payments…

  • LOLC Microfinance Bank Kenya directors face legal risk over data breach compliance

    Directors of LOLC Microfinance Bank Kenya are facing mounting legal pressure following a data enforcement case that could set a precedent for corporate accountability in Kenya’s financial sector. Regulators are increasingly scrutinizing how financial institutions handle customer data, and this case highlights the growing risks for executives who fail to ensure compliance. At the center…

  • Safaricom faces growth risks from overdependence on M-Pesa

    Safaricom’s success has largely been driven by its flagship product, M-Pesa, which revolutionized financial access across Kenya and beyond. It created an ecosystem so dominant that competitors struggled to match its scale. However, that same dominance is now shaping strategic decisions that could limit future growth.One issue lies in over-reliance. M-Pesa contributes a substantial portion…

  • Terra Industries rolls out AI farming drones across Africa

    Terra Industries, a fast-rising Nigerian defence technology startup, has announced plans that signal a major leap for Africa’s drone industry: the development of what it describes as the continent’s largest drone. The move underscores a broader ambition to position Africa as a serious player in global unmanned aerial systems manufacturing. Terra Industries has already made…