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.

  • 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…

  • The AI agency helping Kenyan companies find on-ground applications of AI in their businesses

    Ai Kenya started as a grassroots initiative in 2017. Back then, it was just a small group of enthusiasts trying to demystify artificial intelligence (AI) for local developers and students. Today, it’s a full-blown AI agency with paying clients, policy influence, and a growing catalogue of services. It’s run by Alfred Ongere, who recently left his day…

  • $300m fine against Meta could shutdown Facebook and Instagram in Nigeria

    Meta, the parent company of Facebook and Instagram, has warned it could shut down its services in Nigeria if ongoing disputes with regulatory bodies remain unresolved. The tech giant is facing close to $300 million in fines and says Nigeria’s data protection demands are excessive and unrealistic. To read more click here

  • Airtel to roll out Starlink in underserved Africa

    Airtel Africa is partnering with SpaceX to roll out Starlink’s satellite Internet across the continent. The goal? Boost connectivity in remote areas where regular mobile networks can’t reach. With licences already secured in 9 of Airtel’s 14 operating countries, the duo is gearing up to deliver faster, more reliable Internet to hard-to-reach communities. To read more…