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Tech Investment Africa

Daily tech-investment intelligence across Africa — the biggest story from every market, scored and threaded into Insights.

Onafriq Exits Nigeria Agent Banking

Baxi: instant transfers killed the POS agent, not Onafriq

The naira depreciation and rising costs are real. But the mechanism that actually broke Baxi's economics is simpler: Nigerians stopped needing to queue at a POS terminal.

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  1. 1

    Dangote Signs $450 Million Deal With Engineers India for Kenya Refinery

    Latest: NGX markets Dangote refinery IPO to investors in three African countries, extending the pan-African retail capital mobilisation push beyond Egypt.

    16 entries6 this weekInfrastructure
  2. 2

    Six African Fintechs Tracking Toward IPO, Mostly on Offshore Exchanges

    Latest: OPay IPO filing draws governance criticism over missing employee stock options and exposes lending unit economics of $2.55 revenue per $10 lent

    7 entries6 this weekFintech & Payments
  3. 3

    Bolt Calls for Dialogue With AUATON Ahead of October 12 Indefinite Strike Deadline

    Latest: Lagos ride-hailing drivers call off their four-day strike but vow to abandon inDrive, sharpening platform-labour tensions in Nigeria's gig economy

    5 entries5 this weekE-commerce & Logistics
  4. 4

    Airtel Money Adds Mastercard Virtual Card to Deepen Kenya Mobile Money Competition With M-Pesa

    Latest: Mastercard and Qatar Holding sell down stakes as Airtel Money's London listing value is confirmed at $7 billion, marking a landmark investor exit from African mobile money

    5 entries4 this weekFintech & Payments
  5. 5

    Microsoft to Close Nairobi Africa Development Centre

    Latest: Follow-up reporting frames Nairobi ADC closure alongside earlier Lagos exit as Microsoft's biggest employer retreat from Africa this cycle, raising broader strategy questions

    4 entries4 this weekInfrastructure
  6. 6

    NCC Sets Deadline to Disconnect Unregistered Phones in Nigeria's Device Market

    Latest: NCC publishes practical guidance on verifying device approval status, following earlier clarifications about data privacy limits of the Device Checker tool.

    4 entries4 this weekMobile, Telecom & Connectivity

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