Daily Newsletter

The tech-investment stories moving Africa's markets — what moved, and why it matters.

Thu, Jul 9

Flutterwave: the stablecoin-agnostic stance is about to be tested

Ripple took a stake at a $3.2 billion valuation last month. Now Circle has invested too — and both deals come with integration commitments, not just cheques.

Ghana 5G: the rollout failure that actually unlocked competition

NGIC's exclusive 5G deal wasn't revoked on principle — it was revoked on performance. By the government's own deadline, the company had completed just 16 of 50 required sites in Accra and Kumasi, with a 70% national coverage target looming…

Safaricom AGM: Vodacom gets the keys, but the locks were already changed

The headline power here isn't the CEO nomination right — it's the provision removing the requirement that Safaricom seek government approval before expanding into new markets.

OKX Nigeria: the P2P clause was always the real test

Nigeria didn't ban crypto. It banned peer-to-peer naira trading — specifically because P2P platforms were setting dollar-naira rates the government couldn't control during the naira's 2024 freefall.

Dangote's Lamu Bet: the refinery that could redraw East Africa's energy map

700,000 barrels a day processed locally — at a site chosen partly because Lamu's deep-water port, opened only in 2021, can actually handle the logistics.

PiggyVest: trust is the only thing worth moving

₦3 trillion paid out to ordinary savers is not just a number — it's a decade of Nigerians learning to trust a product that the formal banking system never bothered to build for them.

Safaricom's Leash: Kenya just turned a boardroom decision into a state one

The specific clause is what matters here: not a vague 'national interest' principle, but a hard requirement that the Kenyan government must approve any Safaricom expansion beyond Ethiopia before management can act on it.

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