The tech-investment stories moving Africa's markets — what moved, and why it matters.
Fri, Sep 11
Reaching 100 million subscribers in a single country is a genuine first for African telecoms. But the milestone lands alongside an unresolved complaint that won't go away: customers reporting that their data disappears faster than it…
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FairMoney's 30 million users is an impressive number. But the figure that actually matters for Nigeria's banking sector is 56% — the share of FairMoney's loan book now funded by its own customers' deposits.
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The sharpest line in NEFSA's statement isn't the anger — it's the mechanism: drivers borrowed to buy or lease vehicles specifically to meet Uber's own platform requirements, and now the platform is gone while the debt isn't.
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Most data centres ask the national grid for electricity. AMACO's Hercules project in Mombasa is building its own — LNG-powered gas turbines on a dedicated barge, generation and computing bolted together as one structure.
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AWS's pitch is the mobile-money analogy: Africa skipped branch banking and went straight to M-Pesa, so it can skip legacy data centres and go straight to cloud AI. That logic is genuinely compelling, not just marketing.
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The subscription guide lists fintechs, stockbrokers, POS terminals, BVN-linked flows. The infrastructure for retail participation is genuinely there.
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