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.

  • Chimoney Finds Buyer Weeks After Shutdown Announcement

    In a surprising turn of events, fintech startup Chimoney is set to be acquired just four weeks after announcing plans to shut down its operations. The development marks a dramatic reversal for the company, offering a potential lifeline to its technology, customers, and mission after what appeared to be the end of its journey. Chimoney,…

  • PawaPay Surpasses 3 Billion Mobile Money Transactions in Africa

    PawaPay, one of Africa’s leading mobile money payment infrastructure providers, has announced a major milestone, surpassing 3 billion transactions processed across the continent’s rapidly growing mobile money ecosystem. The achievement highlights the increasing role of digital payments in Africa and underscores the company’s position as a key enabler of financial inclusion and cross-border commerce. Founded…

  • Flutterwave Soars to $3.25 Billion Valuation

    African fintech giant Flutterwave has reached a valuation of $3.25 billion following a successful Series E funding round backed by blockchain payments company Ripple. The latest investment marks another major milestone for the Lagos-founded startup, reinforcing its position as one of Africa’s most valuable technology companies and a leading force in the continent’s rapidly expanding…

  • MTN MoMo Drives Financial Literacy in Zandspruit

    MTN Group Fintech has intensified its financial inclusion efforts by taking its financial literacy initiative to Zandspruit, a densely populated community in South Africa, through the rollout of the MoMo Financial Aid Kit. The program is designed to empower residents with practical financial knowledge while expanding access to digital financial services through MTN’s mobile money…

  • FMO Provides $80M Funding for Solarcentury Africa Expansion

    The Dutch entrepreneurial development bank, FMO, has approved an $80 million financing package in support of Solarcentury Africa, reinforcing efforts to accelerate renewable energy deployment across the continent. The funding is aimed at expanding solar infrastructure, strengthening clean energy access, and supporting the transition toward more sustainable power systems in African markets where electricity demand…

  • AXIAN Telecom Secures Funding to Expand African Network Growth

    AXIAN Telecom is advancing its long-term strategy to expand digital connectivity across Africa, as it lines up new development finance to support the growth and modernization of its telecom infrastructure. The move reflects the company’s ambition to strengthen its footprint in key African markets while addressing the continent’s persistent digital divide. The planned financing is…