IHS Towers: MTN is buying back the margin it sold away
When MTN originally sold its towers to IHS, the logic was sound: unlock cash, let a specialist run the infrastructure, focus on customers.
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The tech-investment stories moving Africa's markets — what moved, and why it matters.
Thu, Aug 6
Moove: the Lagos origin story is real, but the business has left Lagos
Founded in Nigeria, headquartered in Abu Dhabi, operating Waymo's robotaxi fleets in Phoenix and Miami, raising $250 million led by a UAE sovereign fund. Moove is genuinely African-founded — and genuinely global in a way that means almost…
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Yellow Card: SC Ventures didn't fund a promise — it funded proof
Standard Chartered's venture arm and Sony don't back concepts. They back infrastructure that already works at scale.
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Debt shift: African founders aren't borrowing more because they want to
Equity funding at a seven-year low while debt climbs to 41% of all startup capital — up from 17% in 2019 — looks, on the surface, like founders discovering a new tool.
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PalmPay's IPO: the distribution deal was always the real story
PalmPay's app comes pre-installed on Transsion phones — the Tecno, Infinix and Itel devices that dominate African smartphone sales. That single arrangement gave it 35 million users without a conventional marketing budget.
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NIBSS Lawsuit: the system broke, but ordinary people are being asked to pay for it
When a bug inside Nigeria's Inter-Bank Settlement System conjured ₦13.66 billion from nothing and credited it to 176 people, those recipients didn't steal anything. The system told them money had arrived. They acted on it.
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Starlink Mobile: the real story is South Africa, not the US carriers
Gwynne Shotwell's announcement that Starlink intends to build ground infrastructure and become a full mobile operator rattled Verizon and AT&T. For Africa, that headline is a distraction.
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Capitec Pay: owning the rail and the train at the same time
Capitec just bought Walletdoc — a payments business that resells Capitec Pay to merchants. That puts Capitec in a position most regulators hate: it owns the payment infrastructure that rival providers need to access, and now it also…
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