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.

  • Kenya’s mobile money boom exposes cracks in its financial infrastructure

    Kenya is widely recognized as a global leader in mobile money innovation, with platforms like M-Pesa transforming how millions of people send, receive, and store money. What began as a simple SMS-based transfer service has evolved into a full financial ecosystem powering payments, savings, credit, and even investment services. Today, mobile money has become deeply…

  • Kenya plans new digital tax targeting Visa, Mastercard, and Microsoft

    Kenya is preparing a sweeping overhaul of its digital taxation framework, with new proposals that would directly impact global technology giants including Visa, Mastercard, and Microsoft. The move is part of a broader government effort to boost domestic revenue collection from the fast-growing digital economy, which has expanded rapidly in recent years as more businesses…

  • Techstars-backed Chimoney shuts down over distribution struggles

    Techstars-backed fintech startup Chimoney has officially shut down after struggling to achieve meaningful distribution and sustainable market traction, marking another setback in Africa’s increasingly competitive fintech landscape. Despite early optimism, strong investor backing, and a promising vision for simplifying cross-border payments and digital value transfer, the company was ultimately unable to scale its user base…

  • Egypt’s Bosta delivers rare fast cash exit for African investors

    Egypt’s startup ecosystem has delivered a rare success story for African venture capital investors after logistics startup Bosta generated a profitable cash exit only two years after investment. The development is being celebrated across the continent’s tech industry, where exits have become increasingly difficult amid declining venture funding and economic uncertainty. The Cairo-based company, founded…

  • Happy Pay, Ozow Expand BNPL Access for SA Merchants

    South African fintech companies Happy Pay and Ozow have announced a strategic partnership that will bring zero-deposit Buy Now Pay Later (BNPL) services to merchants across South Africa. The collaboration is expected to expand access to flexible payment solutions for both online retailers and consumers while simplifying integration for businesses already using Ozow’s payment infrastructure.…

  • MILLI Expands Crowdfunding for Everyday Needs in South Africa

    As digital fundraising gains momentum across Africa, South African startup MILLI is positioning itself as a platform focused on helping ordinary people raise money for real-life needs. From medical emergencies and education costs to community projects and small business support, the crowdfunding platform is creating new ways for individuals and organisations to access financial assistance…