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 Payment Startups Are Targeting Francophone Africa Next

    Fincra has expanded its footprint in Africa after securing an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana, allowing the Nigerian fintech company to process local transactions and offer payment services directly within Ghana’s financial ecosystem. The move marks a major milestone in the company’s strategy to build cross-border payment infrastructure across…

  • Glovo and Chowdeck fail to detect fake restaurant accounts

    A recent investigation by Techpoint Africa has exposed major weaknesses in the vendor verification systems of food delivery platforms Glovo and Chowdeck after reporters successfully impersonated a restaurant and completed food deliveries without detection. The investigation has sparked concerns about consumer safety, platform accountability, and the growing risks of digital impersonation in Nigeria’s food delivery…

  • Seasonal spending in Nigeria rises 20%, Visa reports

    Visa has released new consumer spending insights showing that seasonal spending in Nigeria rose by about 20%, highlighting stronger activity during key festive and cultural periods such as Ramadan and Eid celebrations. The findings are based on the Visa Consulting & Analytics Retail Spend Monitor, which tracks payment trends across retail, travel, and everyday spending…

  • SheVentures offers ₦10m zero-interest loans to women entrepreneurs

    FCMB SheVentures has opened applications for its latest zero-interest loan programme aimed at supporting women entrepreneurs across Nigeria with funding of up to ₦10 million. The initiative is designed to ease access to affordable financing for women-owned businesses and help them scale operations in a challenging economic environment. According to the programme details, eligible applicants…

  • Ghanaian startups secure $350,000 from Village Capital

    Village Capital, a global nonprofit investor focused on supporting startups in emerging markets, has invested $350,000 in two Ghanaian startups through its latest Africa-focused investment vehicle. The funding marks the first deployment from the Africa Ecosystem Catalysts Facility (AECF), a $4 million fund created to support early-stage African companies solving critical economic and social challenges.…

  • Zenith Bank Targets Central Africa With Cameroon Expansion

    Nigeria’s banking giant, Zenith Bank, is preparing to expand into Cameroon as part of its broader push across Francophone and Central Africa. The move signals the lender’s ambition to strengthen its position as a pan-African financial institution while tapping into one of Central Africa’s largest banking markets. The planned entry was disclosed during the launch…