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.

  • Bolt Raises Ride Fares in Kenya as Fuel Costs Squeeze Drivers

    Ride-hailing company Bolt has increased ride fares in Kenya by 6% following mounting pressure from drivers grappling with rising fuel prices and growing operational costs. The fare adjustment, announced in Nairobi on Tuesday, reflects the increasing strain facing Kenya’s transport and mobility sector as inflation and energy prices continue to rise. The company said the…

  • Jiji Expands Global Footprint with Acquisition of Bikroy

    African e-commerce giant Jiji has acquired Bangladesh-based classifieds platform Bikroy, marking its first major acquisition outside Africa and signaling the company’s growing international ambitions. The deal represents a significant milestone for the Lagos-focused marketplace operator, which has spent the last few years consolidating its dominance across several African markets through aggressive expansion and strategic acquisitions.…

  • Valu Secures Regulatory Approval to Enter SME Lending Market in Egypt.

    Valu has received regulatory approval to expand its operations into small and medium enterprise (SME) financing, marking a formal shift from its consumer-focused lending model into business credit in Egypt. Valu is best known for its buy-now-pay-later (BNPL) services, which allow consumers to purchase goods and pay in instalments through digital credit. This model has…

  • Circle Posts 20% Q1 Revenue Growth as USDC Expansion and ARC Blockchain Raise Signal Deeper Infrastructure Push.

    Circle Internet Financial reported a 20% year-on-year revenue increase in Q1 2026, alongside strong growth in its stablecoin operations and fresh capital inflows linked to its blockchain expansion strategy. Circle is best known for issuing USDC, one of the largest regulated stablecoins used in digital payments, trading, and cross-border transfers. Its revenue is largely driven…

  • Uber Faces Regulatory Uncertainty in South Africa After E-hailing Registration Deadline Passes.

    Uber is facing regulatory uncertainty in South Africa after questions emerged over compliance with new e-hailing registration requirements following a March 11 deadline set for transport platforms operating in the country. The development is linked to ongoing reforms in South Africa’s public transport and e-hailing sector. Authorities have been working to formalise ride-hailing services under…

  • Jim Ovia Steps Down as Zenith Bank Chairman After CBN-Enforced Tenure Limit Takes Effect.

    Jim Ovia has stepped down as Chairman of Zenith Bank following the completion of the maximum tenure allowed under corporate governance rules set by the Central Bank of Nigeria (CBN). Jim Ovia is the founder of Zenith Bank and has played a central role in its development into one of Nigeria’s leading financial institutions. Over…