Pan-African payments company PawaPay has secured a Payment Service Provider (PSP) license from the Bank of Mozambique, allowing it to onboard merchants directly and provide regulated payment services in the country.
Nigeria currently hosts around 20 co-location data centers, mainly concentrated in Lagos, with the market led by Rack Center, Africa Data Centers, MDXi (Equinix), and MTN, which together account for more than 70% of the country's IT power capacity.
Nigerian geospatial technology startup Milsat has helped power Nigeria’s new digital postcode system after mapping more than 65 million properties nationwide as part of preparations for the country’s first digital census.
French health-tech company Alan has acquired Senegalese digital health startup Tanel, giving its founders and early investors a rare exit in Francophone Africa’s healthcare technology market.
Nigerian card-issuing fintech Allawee will shut down its personal and business account services on December 1, 2026, following its acquisition by Paystack in 2025.
Huawei has launched its agentic AI cloud service in Nigeria, expanding its cloud offering as businesses across the country increase their adoption of artificial intelligence.
OPay is considering a listing on the Nigerian Exchange (NGX), which could give Nigerian investors direct access to one of the country’s biggest fintech companies.
Nigerian fintech Moniepoint is phasing out MonieWorld, its UK remittance product, about 14 months after launching the service as it refocuses resources on its core African markets.
Pan-African venture capital firm Ventures Platform has closed its second fund at $84 million, nearly doubling the $46 million raised for its first institutional fund as it deepens its focus across Africa.
For years, the first chapter of Africa’s fintech story was about getting people to pay digitally. The next chapter is increasingly about what happens after the payment.
Nigerian defense-tech startup Terra Industries has closed a $52 million seed round to scale its autonomous security systems and manufacturing operations across Africa and other emerging markets.
