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.

  • Glovo Future of Commerce Summit drives Nigeria’s digital economy outlook

    The recent Future of Commerce Summit hosted by Glovo in Lagos brought together policymakers, entrepreneurs, technology leaders, and investors to examine how digital commerce is reshaping Nigeria’s economy and what the next phase of growth will require. The event focused on the rapid expansion of online marketplaces, logistics networks, and digital payment systems that are…

  • Nigeria’s Daya Boosts Payments with Aptos Integration

    Nigerian fintech startup Daya has announced a strategic integration with the Aptos blockchain to expand stablecoin-based payment rails across Africa and the Middle East, aiming to make cross-border transactions faster, cheaper, and more accessible for businesses and individuals in both regions. The partnership reflects the growing demand for alternative payment infrastructure in markets where traditional…

  • Spiro Attracts $215M for Clean Transport Push

    African electric mobility company Spiro has secured a landmark $215 million equity investment, one of the largest funding rounds ever raised by an electric vehicle (EV) company on the continent. The funding, backed by major institutional investors including Impact Fund Denmark and Equitane, highlights a growing shift in how investors view Africa’s EV sector—not simply…

  • Blnk Bags $37M for Consumer Finance Growth

    Egyptian fintech startup Blnk has secured $37.1 million in a combination of equity and debt financing, marking a significant milestone in its mission to expand access to consumer credit across Egypt. The funding round comes as millions of Egyptians remain outside the formal financial system, creating a large opportunity for innovative lending platforms focused on…

  • Kenya Growth, Profit Challenge for Nigerian Banks

    Nigerian banks have spent the past decade expanding across Africa in search of new markets, with Kenya emerging as one of the continent’s most attractive banking destinations. Through acquisitions, partnerships, and investments in digital banking, lenders from Nigeria have established a growing presence in East Africa’s largest economy. However, while expansion has delivered scale and…

  • Kenyan Firms End 15-Month Hiring Run as Demand Slows

    Kenyan businesses reduced staffing levels in a significant shift for the labor market, ending 15 months of continuous job creation as weaker customer demand and slowing economic activity weighed on company operations. The latest business survey data revealed that firms across several sectors opted to cut jobs in response to declining new orders and subdued…