The tech-investment stories moving Africa's markets — what moved, and why it matters.
Wed, Oct 14
The engineers Microsoft hired weren't there to support African customers. They were building products for global markets, from Nairobi. That distinction is what made the Africa Development Centre feel like proof of something — and it's why…
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Thirteen years of a signed agreement, three federal interventions, and the number on paper is still ₦145 per metre. The number on the ground is anywhere from ₦850 to ₦700,000.
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Thirty-one per cent of Nigeria's poor population has no electricity. Nearly forty per cent lack clean cooking fuel. When those are the daily realities, a fintech app or a consumer platform isn't a solution — it's an irrelevance.
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The wallet ceiling doubling to 4 million FCFA matters — but not for the 60 million average users whose balances sit around 32,000 FCFA. The real story is Article 34.
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An IPO already subscribed three to four times over doesn't usually need more time. Yet Nigeria's Securities and Exchange Commission granted a 14-day extension — and the stated reason is the one worth sitting with: investors across Africa…
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NIBSS just built Nigeria's national payment backbone on open-source software — and quietly secured access to the actual source code.
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