The National Information Technology Development Agency, through the Office for Nigerian Digital Innovation, and Galaxy Backbone Limited have announced a strategic partnership to provide subsidised sovereign cloud services to startups participating in the iHatch programme. This collaboration marks a
Nigeria’s leading composite e-commerce platform, Konga, has officially announced the launch of its highly anticipated Konga Tech Month. Konga Tech Month is a month-long campaign dedicated to delivering exceptional value across the technology category. It runs from May 1 to May 31, 2026, and presents
OneBio Venture Studio has raised 100 million rand ($6 million) in a first close of its second fund, as the South Africa-based investor bets on the long-term potential of Africa’s underdeveloped biotechnology sector. The firm is targeting a final close of 300 million rand by mid-2027, it said, as it
Kenyan fintech firm Wapi Pay is strengthening its push into the Caribbean payments market, riding on record remittance inflows into Jamaica and growing demand for faster cross-border transactions. Remittance inflows to Jamaica reached an all-time high of $3.49 billion in 2025, marking a 3.8% increas
Ethiopia-based e-mobility startup Dodai has raised $13 million in a Series A funding round to accelerate the deployment of electric motorbikes and battery-swapping infrastructure across the country. The round comprises $8 million in equity and $5 million in debt, with participation from the Value Ch
Airtel Africa is planning to list its mobile money business in a deal that could raise between $1.5 billion and $2 billion, as the telecom operator seeks to capitalize on rapid growth in digital financial services across the continent, according to people familiar with the matter. The proposed initi
Shiprazor, the Cape Town-based e-commerce merchant tech and smart logistics platform, has raised $2.65 million (R44m) in seed funding to help African online merchants reduce delivery costs, improve conversion, and simplify fulfilment. The seed round was led by pan-African venture capital firm Norrsk
The Development Bank of Nigeria has said its lending activities have supported the creation of 1.6 million jobs, with total disbursements to Micro, Small and Medium Enterprises (MSMEs) reaching N1.4 trillion since its establishment in 2015. Tony Okpanachi, managing director and chief executive offic
The Nigerian Communications Commission has applauded the Edo government for its approach to safeguarding telecom infrastructure during road construction. The NCC said that (road) construction firms in Edo State notified the commission and Mobile Network Operators (MNOs) before commencing road constr
In today's edition: Quick Fire 🔥 with Michael Emeeka || South Africa’s immigration regulator suspends two officials || Burundi’s Onatel to invest $5.9M in 4G Internet || Who secured the bag? 💰
Nairtime Nigeria Limited, a subsidiary of global AI-powered financial infrastructure group Optasia, today confirmed that the Federal High Court of Nigeria, Abuja Judicial Division, has granted an interim injunction on 24 April 2026 restraining MTN Nigeria Communications PLC and Airtel Networks Limit
MTN Nigeria’s first-quarter 2026 results deliver what, on the surface, looks like a breakout moment: profit after tax surged 165.9 per cent year-on-year to ₦355.5 billion, reinforcing the telco’s position as the dominant force in Nigeria’s digital economy. But beneath the strong numbers lies a more
AVCA opened its 2026 Venture Capital Summit in Nairobi, with discussions focused on diaspora capital, exit strategies and the growing role of private credit in Africa’s investment sector The post AVCA Spotlights African Diaspora Capital, Exit Pathways and Private Credit as Key Drivers of Growth Acro
On Techpoint Digest, we discuss telcos ignoring a court order as airtime credit stays suspended, how PowerLabs is tackling Nigeria’s energy chaos, and Canal+ listing on the Johannesburg Stock Exchange.
Meta is planning to raise up to $25 billion through a bond sale as it increases spending on artificial intelligence infrastructure The post Meta Plans $25 Billion Bond Sale to Fund AI Spending Surge appeared first on Tech | Business | Economy.
On Techpoint Digest, we discuss MTN Nigeria’s ₦95.5 billion handover of MoMo to its parent company, Amazon’s filing to launch satellite Internet in Kenya, and Airtel Money’s plan to pursue a $10 billion listing in London.
Nigerian businesses juggle unreliable grid power, diesel generators, and solar systems at high cost. PowerLabs’ software platform, Pai, helps optimise energy use, cutting expenses and improving uptime.
