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.

  • Why ‘Founder-Friendly’ Funding Often Isn’t

    In the startup ecosystem, the phrase “founder-friendly capital” has become a popular buzzword. Venture capital firms, angel investors, and private equity funds often market themselves as partners who empower entrepreneurs while providing the resources needed to scale businesses. However, behind the appealing rhetoric lies a more complex reality: capital is rarely as founder-friendly as it…

  • Spiro Attracts $270 Million in Funding Within Three Weeks

    African electric mobility company Spiro has strengthened its position as one of the continent’s most heavily funded clean transportation firms after securing an additional $55 million investment, barely three weeks after announcing a massive $215 million equity raise. The latest funding comes from NewTrails Capital, a Chinese growth-stage investment firm, and pushes Spiro’s recent fundraising…

  • Corporates Receive ₦10 for Every ₦1 Lent to Consumers

    Nigeria’s banking sector continues to reveal a significant imbalance in credit allocation, with corporate borrowers receiving a far larger share of loans than individual consumers. Recent figures indicate that for every ₦1 lent to consumers, Nigerian banks extended approximately ₦10 to corporate entities. This lending pattern highlights the structure of the country’s financial system and…

  • Lessons from Nigeria’s Startup Journey into Francophone Africa

    As a serial entrepreneur, Nigeria was my first real classroom for understanding Africa’s vast and diverse business landscape. The country’s scale, complexity, and entrepreneurial energy taught me invaluable lessons about building resilient businesses. Yet, perhaps the most important lesson was realizing that success in Nigeria does not automatically translate to success elsewhere on the continent—especially…

  • inDrive Seeks Lagos’ First Chief Wahala Officer

    Ride-hailing platform inDrive has launched applications for one of its most unconventional job openings yet—the position of “Chief Wahala Officer” in Lagos. The role, inspired by the popular Nigerian slang term “wahala,” meaning trouble, challenge, or hustle, is designed to celebrate the resilience, creativity, and problem-solving spirit that define everyday life in Nigeria’s commercial capital.…

  • MEXC Launches Combo Feature with 8M USDT Trading Rewards

    Cryptocurrency exchange MEXC has announced the launch of its new “Combo” feature alongside the debut of the MEXC Kickoff Fest, a global trading event offering an impressive 8,000,000 USDT prize pool. The initiative is designed to boost user engagement, reward active traders, and create a more interactive trading experience for participants worldwide. At the heart…