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.

  • Nigeria’s Telecom Boom, One Recharge at a Time

    Every time a Nigerian buys airtime, renews a data plan, or makes a mobile call, they contribute to one of the country’s most influential industries. Behind millions of daily recharges lies a telecommunications sector that generated approximately $5.8 billion in revenue, powering connectivity, digital services, and economic growth across Africa’s largest economy. Over the past…

  • Spiro Strengthens EV Market Position with $215M

    African electric mobility company Spiro has secured $215 million in fresh equity financing, strengthening its position in the rapidly growing electric vehicle (EV) market and highlighting increasing investor confidence in Africa’s clean transportation future. The funding round, backed by institutional investors from Africa and Europe, marks one of the largest investments in Africa’s electric mobility…

  • Paystack MFB Absorbs Brass in Strategic Business Banking Integration

    Nigerian business banking startup Brass has merged its operations into Paystack Microfinance Bank (Paystack MFB), marking a significant development in the country’s fintech sector and signaling a broader consolidation trend among financial technology companies serving small and medium-sized enterprises (SMEs). The move follows Paystack’s acquisition of Brass through a Paystack-led investor consortium in 2024. The…

  • Kenya Leads Africa VC Boom as Startup Funding Tops $3B

    Africa’s venture capital landscape is experiencing a renewed wave of growth, with total startup funding across the continent surpassing $3 billion. At the center of this momentum is Kenya, which has emerged as the leading destination for venture capital investment, reinforcing its position as one of Africa’s most dynamic startup ecosystems. Kenya’s rise to the…

  • AI Text-to-Video Tools Help African Startups Scale Content Cheaply

    Across Africa’s fast-growing digital economy, entrepreneurs are increasingly turning to text-to-video artificial intelligence tools to produce high-quality content without the high costs of traditional video production. This shift is helping startups, small businesses, and independent creators compete more effectively in an attention-driven online marketplace. Text-to-video AI platforms allow users to generate videos simply by entering…

  • Digital Africa Launches $58M Fund for Overlooked Startups

    Digital Africa, a venture firm focused on African technology startups, has announced the launch of a $58 million seed fund aimed at supporting early-stage companies in underserved and overlooked African markets. The initiative seeks to bridge funding gaps in regions that have traditionally received less venture capital attention, providing resources to innovative startups driving economic…