Lisk shuts down blockchain, cutting off a backer of African startups
The blockchain shutdown could end an important funding pipeline for African early-stage Web3 startups at a time when venture capital for the sector remains scarce.
Tech
YC-backed startup ThriveAgric raises $3.93 million in commercial paper sale
The move marks ThriveAgric's first foray into Nigeria’s debt capital markets and opens another channel beyond bank lending for a company whose core challenge has long been access to the right kind of capital.
MTN has 5 million fintech users in Nigeria. It wants 30 million.
That opportunity is most pronounced in Nigeria, where the telecom giant has five million fintech customers but sees a path to as many as 30 million over the medium term.
Moniepoint is phasing out MonieWorld, its UK remittance product
Less than 18 months after launching MonieWorld to serve Nigerians in the UK, Moniepoint, the Nigerian fintech unicorn, is discontinuing the diaspora-focused business after what it says was a thorough review of the group’s portfolio and long-term priorities.
Fibre is changing Nigeria’s Internet. The hard part is getting everyone connected
Nigeria’s fibre boom is reshaping the country’s broadband market, lifting speeds and bringing more users onto faster networks. But the bigger test is no longer just how quickly fibre can be deployed
This Senegalese startup is giving old wardrobes a second life
From the city of Dakar in Senegal, Fatou Dieng is building Maket, a company that sells secondhand clothes.
👨🏿🚀TechCabal Daily – New landlord, same old tenant
In today's edition: MTN secures Nigeria’s approval for IHS deal || MTN’s new data centre company || Kenya’s gambling regulator to reinstate fees || Tighter border-crossing monitoring between Kenya, Uganda
MTN expects Nigeria rebound as airtime lending resumes
MTN Group expects its Nigerian business to regain momentum in the second half of 2026 after airtime lending resumed after a regulatory suspension in April.
84 M&A deals worth $11.4 billion in disclosed value recorded so far in 2026
Mergers and acquisitions have doubled in Africa's digital economy, reaching 84 deals worth an estimated $11.4 billion in disclosed value as of August 2026. From fintechs acquiring banking licenses to mature platforms eyeing foreign IPOs, we examine the consolidation wave reshaping African tech.
Africa’s data sovereignty push is reshaping the AI race, and AWS wants in
Amazon Web Services (AWS) is betting that it can resolve that tension, giving African organisations access to AI and global cloud infrastructure while allowing them to retain control over sensitive data.