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.

  • Ecobank Launches Nature Bond for Africa

    Ecobank Group has unveiled the world’s first Nature Bond, a groundbreaking financial instrument designed to mobilize international investment for the protection and restoration of Africa’s natural ecosystems. The initiative marks a significant milestone in sustainable finance, demonstrating how capital markets can be leveraged to address pressing environmental challenges while supporting economic development across the continent.…

  • Nigerian Market Sell-Off Erases Trillions in Investor Wealth

    Nigeria’s stock market has experienced a sharp downturn, wiping out more than N5 trillion in investor wealth since the beginning of June. The significant decline has raised concerns among market participants as selling pressure continues to weigh heavily on major stocks across key sectors. The recent market slump reflects a combination of profit-taking activities, economic…

  • Esca Finance Accelerates Africa Payments Network

    Esca Finance has partnered with MANSA, a fintech company backed by stablecoin issuer Tether, to accelerate cross-border payment settlements across Africa. The collaboration is aimed at solving one of the continent’s most persistent financial challenges: slow and costly international transactions. Businesses operating across African markets often face delays when moving funds between countries. Traditional banking…

  • Uber Expands Electric Motorbike Push in Kenya

    Ride-hailing giant Uber is accelerating its push into sustainable transportation by seeking to double its fleet of electric boda bodas in Kenya. The move reflects the company’s broader commitment to reducing carbon emissions while addressing the rising cost of fuel and vehicle maintenance faced by riders across the country. Boda bodas, or motorcycle taxis, are…

  • How AI Is Reshaping Jobs in the Banking Industry

    For decades, the banking industry relied on a predictable employment model. Large banks hired thousands of workers to handle routine tasks such as customer service, data entry, loan processing, compliance checks, and back-office operations. This labor-intensive structure provided stable jobs while ensuring that financial institutions could manage growing volumes of transactions and customer requests. Today,…

  • ALTON says FCCPC suspends digital lending rules for telecom Operators Amid Regulatory Uncertainty

    Nigeria’s telecom sector is facing fresh regulatory uncertainty after the Association of Licensed Telecommunications Operators of Nigeria (ALTON) said the Federal Competition and Consumer Protection Commission (FCCPC) has suspended its digital lending guidelines as they apply to telecom operators. The development adds another layer of complexity to how lending services linked to mobile networks are…