Years before Lagos began formalising plans to move its iconic yellow danfo buses toward digital payments, a startup called GONA attempted to solve one of the city’s most persistent transport problems: cash. Launched in 2019 by Chinese technology entrepreneurs with experience at companies including Huawei Africa and DiDi, GONA introduced a mobile payment system that…

Global e-commerce platform Temu is strengthening its delivery operations in Nigeria through a partnership with local logistics technology company Kwikpik, a move that highlights the growing importance of efficient last-mile delivery in the country’s rapidly expanding digital commerce market. The partnership makes Kwikpik part of Temu’s delivery network in Nigeria, where customers increasingly expect online…

Mukuru is expanding its digital financial services in Botswana, aiming to turn mobile phones into everyday financial tools rather than devices used mainly for sending and receiving money. The move reflects the growing push across Africa to use digital wallets to widen access to financial services. Mukuru, a financial services company focused heavily on remittances,…

African startups continued to attract significant investor interest in 2026, with funding reaching about $2.10 billion in the first eight months of the year. The figure highlights the resilience of Africa’s technology ecosystem at a time when global investors have become more cautious and selective. The funding performance follows a relatively strong first half of the…

Nigeria’s economy is growing, but the benefits of that growth are not reaching enough people through employment. Recent data show that economic expansion has remained positive, with growth driven largely by services, including information and communication technology (ICT), finance and real estate. Yet these sectors are not creating jobs on the scale required by Nigeria’s…

For years, Nigerian businesses have faced a familiar challenge: finding long-term financing in naira to expand infrastructure, manufacturing and other productive activities. While Nigeria has a large pool of domestic institutional capital, particularly through pension funds and insurance companies, much of that money has traditionally been invested in government securities rather than corporate infrastructure. The…