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Airtel Africa Diesel Reduction: Company Cuts Fuel Use by 9.1 Million Litres

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Airtel Africa Diesel Reduction: Company Cuts Fuel Use by 9.1 Million Litres

Airtel Africa diesel reduction efforts helped the telecommunications company save 9.1 million litres of diesel during the 2025/2026 financial year. The achievement forms part of the company’s broader sustainability strategy to lower carbon emissions, improve energy efficiency, and support responsible business growth across its 14 African markets.

The company achieved the fuel savings by reducing its dependence on diesel generators and expanding the use of cleaner energy sources. During the year, Airtel Africa converted 390 telecommunications sites to grid electricity. This reduced fuel consumption while lowering greenhouse gas emissions.

Speaking during a media roundtable in Lusaka, Zambia, Airtel Africa Chief Executive Officer Sunil Taldar presented the company’s Sustainability Scorecard. He said responsible growth remains central to Airtel Africa’s long-term strategy.

Airtel Africa Diesel Reduction Supports Sustainability Goals

Taldar explained that the company is committed to balancing business growth with environmental responsibility. He said expanding connectivity should go hand in hand with reducing the environmental impact of network operations.

Besides the Airtel Africa diesel reduction, the company recycled 94% of the waste generated during the financial year. The recycling programme forms part of its circular economy strategy, which focuses on reducing waste and making better use of available resources.

Network Expansion and Airtel Money Continue to Grow

Airtel Africa also expanded access to digital services across the continent. Its mobile network now covers 81.9% of the population in its operating markets. This wider coverage gives more people access to communication services, online education, digital information, and economic opportunities.

Meanwhile, Airtel Money continued to strengthen financial inclusion across Africa. The platform now serves 54.1 million customers through a network of 2.4 million agents. Women make up 44.1% of Airtel Money users, highlighting the platform’s role in improving access to digital financial services.

Foundation Invests in Education and Digital Inclusion

Through the Airtel Africa Foundation, the company invested US$6.2 million in programmes focused on financial inclusion, education, environmental sustainability, and digital inclusion.

As part of its partnership with UNICEF, Airtel Africa connected 3,296 schools to free internet services. The initiative has reached more than 2 million students and 38,868 teachers. In addition, 64 zero-rated digital learning platformsenabled over 11 million learners to access educational content without paying for mobile data.

The company also continued investing in Africa’s future technology workforce. During the financial year, more than 30,000 young people received digital skills training. Additionally, over 250 undergraduate STEM scholarships were awarded through the Airtel Africa Tech Fellowship Programme.

Airtel Africa Strengthens Long-Term Sustainability Strategy

The Airtel Africa diesel reduction reflects the company’s wider commitment to sustainable development across the continent. By reducing fuel consumption, expanding digital connectivity, improving financial inclusion, and supporting education, Airtel Africa aims to create long-term value for communities while reducing its environmental footprint.

NCC Pushes Nationwide Fiber Rollout to Power Nigeria’s Digital Economy

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NCC Pushes Nationwide Fiber Rollout to Power Nigeria’s Digital Economy

Nigeria’s telecommunications regulator, the Nigerian Communications Commission (NCC), has called for a rapid nationwide fiber rollout to support the country’s digital economy, warning that the ambition of building a $1 trillion economy will remain out of reach without significant investment in fixed broadband infrastructure.

Speaking on Nigeria’s broadband future, NCC Executive Vice Chairman Dr. Aminu Maida said the country’s fiber-to-the-home (FTTH) network is not expanding fast enough to meet rising demand driven by artificial intelligence (AI), cloud computing, streaming services, and digital businesses.

Nigeria’s Fiber Rollout Lags Behind Broadband Demand

According to the NCC, Nigeria currently has only 265,000 active FTTH subscriptions, resulting in a penetration rate below Africa’s average of 2.5% and far behind the approximately 47% achieved in more mature broadband markets.

Rather than viewing these figures as discouraging, Maida described them as evidence of Nigeria’s enormous growth potential.

“This low base should not discourage us; it should help us focus. It reveals the sheer scale of opportunity and reinforces the urgent need to create the right conditions for fiber to expand faster, more sustainably and far more widely.”

He noted that modern digital services increasingly require reliable, high-capacity fiber networks capable of supporting future technological advances.

Fiber Infrastructure Will Power Nigeria’s Digital Economy

Maida explained that expanding fiber infrastructure will strengthen Nigeria’s digital economy by improving connectivity for businesses, supporting AI-driven applications, enabling cloud computing, and attracting investment.

He added that broader fiber deployment will:

Improve business productivity

Expand access to digital services

Enhance economic competitiveness

Support innovation and digital transformation

Attract local and foreign investment

NCC Plans Wholesale Broadband Market Assessment

To encourage greater investment in fiber infrastructure, the NCC announced plans to conduct a Wholesale Fixed Broadband Market Assessment.

The assessment will evaluate competition within Nigeria’s broadband market while promoting:

Infrastructure sharing

Open-access broadband frameworks

Lower broadband deployment costs

More affordable internet services

The Commission believes these measures will accelerate nationwide broadband expansion while improving service quality.

Right of Way Remains a Major Barrier to Fiber Rollout

Despite regulatory reforms, the NCC identified Right of Way (RoW) approvals as one of the biggest obstacles slowing fiber deployment across Nigeria.

High approval costs, multiple permits, and lengthy administrative processes continue to increase infrastructure costs and delay network expansion.

According to the Commission:

13 states have eliminated RoW charges completely.

16 states now charge the National Economic Council’s recommended ₦145 per linear metre.

The NCC will continue engaging the remaining states to adopt more investment-friendly policies.

NCC Launches Ease of Doing Business Portal

To improve transparency for investors and network operators, the Commission introduced a new Ease of Doing Business Portal.

The platform provides:

State-by-state Right of Way charges

Infrastructure maps

Regulatory requirements

Approval procedures

The initiative is expected to simplify broadband deployment planning and reduce investment uncertainty.

Property Developers Urged to Include Fiber Infrastructure

The NCC also encouraged property developers and urban planners to integrate telecommunications infrastructure during the construction phase of new housing estates and commercial developments.

According to Maida, installing fiber infrastructure alongside electricity, water, and drainage systems significantly lowers deployment costs and allows faster broadband activation.

“Just as new developments provide for electricity, water, and drainage, they must also provide for telecommunications.”

Deployment Quality Must Match Speed

While calling for faster fiber rollout, the NCC stressed that deployment quality cannot be compromised.

The Commission warned that poor installation practices, substandard materials, and inadequate documentation could lead to network failures, service interruptions, and higher maintenance costs.

Maida concluded by emphasizing that Nigeria’s broadband infrastructure must be built for long-term resilience.

“Our priority is not simply that fiber is deployed quickly, but that it is built to last, and capable of carrying Nigeria’s digital aspirations for decades to come.”

Africa’s Telcos and the Streaming Market: Who Controls Distribution?

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From Connectivity to Content: Are Africa’s Telcos Becoming the New Streaming Gatekeepers?

Africa’s telcos and the streaming market are becoming increasingly intertwined as operators search for new growth beyond traditional connectivity. After investing billions of dollars in mobile networks over the past two decades, telecom companies are discovering that network coverage alone no longer guarantees higher revenue. Instead, the next battle is shifting toward digital content, customer engagement and payment ecosystems.

The collapse of standalone African streaming platforms, alongside new distribution-led strategies from operators such as MTN, raises an important question: Will telecom companies become the primary gateways to Africa’s digital entertainment economy?

Africa’s Telcos and the Streaming Market Face a New Reality

For years, telecom operators measured success by expanding network coverage. However, that strategy has largely achieved its objective.

According to the GSMA Mobile Economy Africa 2026 report, only about 9% of Africans remain outside mobile broadband coverage. Yet approximately 63% of people living within coverage areas still do not use mobile internet.

This shift changes the industry’s priorities. Instead of investing solely in expanding coverage, operators must now encourage greater digital participation.

At the same time, voice revenues continue to decline while internet-based platforms capture an increasing share of digital value. Streaming services, messaging applications and digital financial platforms rely heavily on telecom infrastructure, but much of the resulting revenue flows to over-the-top (OTT) providers rather than network operators.

Consequently, many telecom companies are repositioning themselves as broader digital service providers instead of remaining connectivity businesses alone.

Why Telcos Are Moving Beyond Connectivity

The challenge facing operators extends beyond subscriber growth.

Although companies like MTN serve more than 300 million customers, many subscribers still rely primarily on voice services. Speaking during MTN’s Capital Markets Day, Group President and CEO Ralph Mupita noted that approximately 45% of MTN customers have never experienced the internet.

He argued that network coverage is no longer Africa’s primary challenge. Instead, increasing digital usage has become the next frontier.

“One of the observations that we’ve reflected on is we’ve been so focused on connectivity and we’ve done a good job on coverage. I think the next frontier is how do we develop the digital services ourselves that we can have our customers consume.”

As data consumption continues to rise, operators increasingly want to capture more value beyond simply selling internet access.

MTN One TV Reflects a Distribution-First Strategy

The launch of MTN One TV in June 2026 illustrates this strategic shift.

Rather than competing directly with global streaming giants through exclusive content alone, MTN is leveraging its greatest strengths: customer relationships, billing infrastructure and mobile money.

Available across 16 African markets, the platform combines free-to-air programming, subscription packages, advertising-supported content and pay-per-view options.

More importantly, customers can pay through airtime deductions, Mobile Money and locally supported payment methods.

This approach addresses one of Africa’s biggest barriers to streaming adoption—limited access to international payment cards.

Unlike previous partnerships with services such as Disney+ and Viu, MTN now owns both the customer relationship and the payment experience.

According to Selorm Adadevoh, MTN Group’s Chief Commercial, Strategy and Transformation Officer:

“Entertainment is increasingly becoming an important gateway to digital participation. Through MTN One TV, we are leveraging the scale of our connectivity, fintech, and digital capabilities to make relevant content more accessible while creating new opportunities for Africa’s creative and digital economies.”

Distribution May Matter More Than Content

The struggles experienced by standalone streaming platforms suggest that owning premium content alone may not guarantee commercial success.

Showmax, for example, reportedly recorded a trading loss of $294 million in 2025 before its eventual shutdown in early 2026.

Meanwhile, telecom operators already possess several structural advantages:

  • Extensive subscriber bases
  • Established billing relationships
  • Mobile money ecosystems
  • Existing customer trust
  • Nationwide network infrastructure

These assets enable operators to distribute digital entertainment more efficiently while lowering customer acquisition costs.

Global streaming companies continue investing in African productions. Nevertheless, reaching customers, processing payments and maintaining affordable subscriptions remain significant challenges across many markets.

As a result, distribution increasingly appears to be the more defensible long-term asset.

Africa’s Telecom Industry Is Embracing the Platform Model

MTN is not the only operator pursuing this strategy.

Across the continent, telecom companies are expanding into digital entertainment:

  • Airtel Africa has operated Airtel TV since 2020.
  • Vodacom launched the Value News Network in 2025.
  • Canal+ distributes Netflix across 24 Francophone African markets.

Collectively, these moves demonstrate that operators are evolving beyond connectivity providers into digital platform businesses.

Rather than focusing solely on network access, they increasingly control content discovery, payment systems and customer engagement.

Regulation Will Shape the Next Phase

This evolution also introduces new regulatory questions.

Competition authorities are paying closer attention to digital platforms that control market access.

New COMESA regulations already give regulators greater authority over digital gatekeepers. Similar discussions may eventually extend to telecom operators if they begin favouring their own content ecosystems over competing services.

Balancing innovation, investment incentives and fair competition will therefore become increasingly important.

The Future of Africa’s Streaming Market

The future of Africa’s telcos and the streaming market will likely depend less on producing blockbuster content and more on controlling digital distribution.

Telecom operators continue investing billions of dollars in fibre networks, mobile towers, subsea cables and payment infrastructure. Integrating streaming services into those ecosystems allows them to deepen customer relationships while creating new revenue opportunities.

Ultimately, the companies that own customer access, billing systems and digital distribution channels may hold the strongest competitive advantage.

The next battle in Africa’s streaming market is no longer simply about producing better content. It is about owning the infrastructure that connects creators, platforms and consumers.

Airtel Africa Foundation DigiLeap Women in Tech Begins

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Airtel Africa Foundation DigiLeap Women in Tech Programme Trains 200 Young Women

The Airtel Africa Foundation DigiLeap Women in Tech Programme has officially commenced in Nigeria, equipping 200 young women from underserved communities with digital skills, mentorship and career opportunities in the technology sector. The initiative is being implemented by the Airtel Africa Foundation through Airtel Nigeria in partnership with the Ishk Tolaram Foundation, Co-Creation Hub (CcHub) and the SAIL Innovation Lab.

Hosted at the SAIL Innovation Lab in Ikorodu, Lagos, the 12-week programme runs from June to September 2026 and aims to prepare participants for careers in Nigeria’s growing digital economy.

Airtel Africa Foundation DigiLeap Women in Tech Programme Builds Digital Skills

The Airtel Africa Foundation DigiLeap Women in Tech Programme offers intensive training in high-demand technology fields, including Product Design, Software Development, Digital Marketing and Data Analytics.

In addition to technical instruction, participants will complete hands-on projects, leadership training and structured mentorship sessions designed to strengthen both technical and professional skills.

Furthermore, the programme includes internship opportunities that expose participants to real workplace environments and industry best practices.

Participants Receive Mentorship and Career Support

A key component of the programme is direct mentorship from professionals at Airtel Nigeria.

Throughout the 12-week programme, Airtel employees will provide career guidance, industry insights and professional coaching to help participants transition successfully into technology careers.

The curriculum combines classroom learning with practical experience, ensuring participants graduate with both technical knowledge and workplace readiness.

Airtel Invests in Women’s Participation in Nigeria’s Digital Economy

Speaking at the programme launch, Segun Ogunsanya, Chairman of the Airtel Africa Foundation, described investment in young women as one of the most sustainable ways to strengthen Africa’s digital future.

“We encourage every participant to approach this programme with purpose, discipline, and curiosity. The knowledge, networks, and mentorship you gain over the coming weeks have the potential to transform not only your own future but also the lives of your families, communities, and the next generation of girls who will look up to you.”

He added that the initiative reflects the Foundation’s commitment to expanding access to digital education while creating opportunities for young Africans to participate in the continent’s digital transformation.

DigiLeap Supports Inclusive Technology Growth

Also speaking at the launch, Dinesh Balsingh, Chief Executive Officer of Airtel Nigeria, said Nigeria’s digital economy can only reach its full potential if more women participate in it.

According to him, the programme equips participants with practical, industry-rerelevant skills while providing the confidence, mentorship and professional exposure needed to build successful careers in technology.

He noted that investing in women strengthens innovation, supports economic growth and contributes to building a more inclusive digital ecosystem.

Programme Advances Digital Inclusion in Nigeria

The Airtel Africa Foundation DigiLeap Women in Tech Programme forms part of the Foundation’s broader strategy to promote digital inclusion and youth empowerment across Africa.

By creating pathways for more women to access technology careers, the initiative supports Nigeria’s digital transformation agenda while helping develop a stronger pipeline of skilled professionals capable of driving innovation, entrepreneurship and long-term economic growth.

How Fester Gbieor is Building Tutufy

Fester Gbieor is building Tutufy. In this interview with Habeeb Ajala, Fester discusses what it’s like to build a peer-to-peer international technology marketplace platform that connects travelers with people who need items transported across borders.

Excerpts:

  1. Can you briefly introduce yourself and what you are currently building?

My name is Fester Gbieor, and I am the Founder and CEO of Tutufy. I am a Liberian-American entrepreneur based in Minnesota, United States. I am currently building Tutufy, a peer-to-peer international technology marketplace platform that connects travelers with people who need items transported across borders. Our mission is to make international delivery more affordable, accessible, and community driven, especially for minorities living abroad who regularly send goods, documents, and essentials back home.

  1. What first pushed you into technology or entrepreneurship?

I’ve always been drawn to solving problems. Growing up, I witnessed how difficult it was for families to access opportunities and services because of limitations in infrastructure and connectivity. Entrepreneurship became attractive because it gave me the freedom to create solutions rather than wait for someone else to solve those problems. Technology simply became the most powerful tool to bring those solutions to life.

  1. Was there a specific moment or problem that led you to start this journey?

Yes. As someone who frequently interacts with the African diaspora, I experienced firsthand how expensive, slow, and unreliable it could be to send items between countries. I ventured into buying and reselling of electronics briefly. But due to the high costs associated with international shipping, I quickly found myself moving on from that model of business. Many people relied on extended networks of friends, family members, or travelers to carry items. Despite the demand, there was no trusted platform connecting these individuals safely and efficiently. That realization became the foundation for Tutufy.

  1. What was the earliest version of your idea, and how has it changed since then?

The earliest version is what has been in production and what is soon to be released to the general public. Tutufy incorporates identity verification, secure payments, escrow protection, and structured delivery processes. We’ve evolved from a simple idea into a complete ecosystem designed to facilitate trusted cross-border transactions.

5. What specific problem are you trying to solve, and who is most affected by it?

We are solving the challenge of affordable and trusted cross-border delivery. The people most affected are immigrants, international students, small business owners, and families who regularly need to send items between countries but face high shipping costs and limited delivery options.

  1. Why is this problem important in your local or African context?

For many African families, sending goods internationally is part of everyday life. Whether it’s medication, documents, educational materials, or personal items, these deliveries often support livelihoods and family well-being. Yet traditional shipping can be prohibitively expensive. By making delivery more affordable and accessible, we can help strengthen economic and social connections across borders.

  1. What makes solving this problem difficult in your environment?

Trust is the biggest challenge. Whenever money, personal items, and international shipping are involved, users need confidence that the process is secure. Additionally, regulations vary from country to country, payment systems differ, and logistics infrastructure is inconsistent across regions. Building a platform that can operate effectively within these complexities requires significant planning and execution.

  1. How did you take your first practical steps from idea to execution?

I picked up the phone one faithful day, and called the best developer I knew. We spoke lengthily, and then we conducted our market research. We wanted to understand how people were already solving the problem. After validating the demand, we assembled a small team of developers and designers, created the product roadmap, and began building the first version of the platform. Today, I’m proud to have Mojisola as my Technical Co-founder. It would not had been possible without this brilliant collaboration with her. 

  1. What has been your most significant milestone so far?

One of our biggest milestones has been transforming an idea into a functioning platform with a dedicated team working across multiple countries. Another major milestone has been gaining validation from industry professionals, advisors, and early supporters who believe in the vision and potential impact of Tutufy.

  1. What has been your hardest technical or operational challenge?

Building trust and compliance systems has been one of our most challenging tasks. Features such as identity verification, secure payment processing, escrow management, and dispute resolution require extensive planning and technical integration. These systems are critical because they form the foundation of user confidence.

  1. How are you currently funding or sustaining the work?

Tutufy has primarily been funded through personal investment, bootstrapping and the dedication of team members who believe in the vision. Like many early stage startups, we’ve relied heavily on resourcefulness, strategic partnerships, and careful prioritization while preparing for future fundraising opportunities.

  1. What is one decision you made that changed the direction of your journey?

The decision to focus specifically on the Immigrant diaspora significantly changed our direction. While the platform has global potential, concentrating on a clearly defined community allowed us to better understand user needs and build a stronger product foundation.

  1. What failure or setback taught you the most?

One of the biggest lessons came from realizing that enthusiasm alone cannot replace validation. There were moments when assumptions had to be challenged through direct customer feedback. Learning to listen more than I spoke helped us make better decisions and avoid building features users didn’t actually need.

  1. If you could restart, what would you do differently from day one?

I would spend even more time speaking directly with users before making product decisions. Building technology is important, but understanding human behavior and customer needs is even more important. The sooner founders embrace customer discovery, the better their chances of building something meaningful.

  1. Describe a typical working day for you right now.

A typical day begins with reviewing team updates and project progress. Throughout the day, I balance meetings, strategic planning, partnership discussions, product reviews, and customer research. Startup life requires constantly switching between visionary thinking and practical execution.

  1. Where do you usually work from, and what does that space look like?

Most of my work is done remotely from my home office. The setup is simple and functional laptop, notebooks, research materials, and multiple communication tools. It’s not flashy, but it’s where ideas become reality.

  1. What sounds, routines, or distractions are part of your daily building process?

There are always notifications, emails, calls, and unexpected challenges competing for attention. I’ve learned to create focused work periods while remaining flexible enough to handle urgent issues when they arise.

  1. Who are the people around you during a normal working week?

My week is spent collaborating with my developers, designers, advisors, and team members located across different countries. Despite the geographical distance, we remain connected through a shared mission and regular group communication.

  1. What does a stressful day look like for you in practical terms?

A stressful day usually involves multiple critical decisions happening simultaneously. It might include technical issues, budget constraints, and project deadlines all competing for attention at once. The challenge is staying calm while continuing to move forward.

  1. What does a “good day” feel like when things are working well?

A good day is when progress is visible. It could be completing a feature, receiving positive feedback, or seeing the team aligned around a common goal. Those moments remind me why the journey is worth it.

  1. What keeps you going on difficult days?

The mission keeps me going. I think about the people who could benefit from a more affordable and trusted way to connect across borders. Knowing that our work can create real opportunities for families and communities gives me the motivation to keep moving forward.

  1. What personal sacrifice has been necessary to keep this venture alive?

Building a startup requires sacrificing comfort, stability, and personal gratifications. These are the hardest disciplinary moments I’ve ever had to experience in my entire life. When financial resources are limited and uncertainty are high. Entrepreneurship often demands faith before results become visible.

  1. How has this journey changed how you see yourself?

It has taught me resilience. I’ve learned that leadership isn’t about having all the answers; it’s about continuing to move forward despite uncertainty. The journey has strengthened my confidence, patience, and ability to adapt.

  1. What kind of impact do you hope your work will have in the next 3 to 5 years?

I hope Tutufy becomes a trusted platform that empowers millions of people to move goods across borders more efficiently and affordably. Beyond logistics, I want it to strengthen connections between diaspora communities and their home countries. At the end of the day, we’re not just moving items from one country to another. We’re helping people maintain relationships, support their families, and stay connected across borders. If people look back three to five years from now and say Tutufy helped bridge the distance between them and the people they care about, then I would consider that a success. Because Tutufy isn’t just about delivery. It’s about connection. 

  1. What is the next big step or ambition for your venture?

Our next major milestone is launching and scaling the platform while establishing partnerships that support secure payments, compliance, and international shipping. Long term, we aim to expand across multiple continents and become a leading platform for community powered delivery.

  1. If someone is reading your story today, what do you want them to learn from it?

I want them to understand that meaningful businesses often begin with simple observations about everyday problems. You don’t need perfect conditions to start. What matters is persistence, learning continuously, and remaining committed to creating value for others.

  1. Is there anything about your journey that people usually don’t ask, but you think is important for them to know?

People often focus on the product, funding, or technology, but they rarely ask about perseverance. Behind every startup is a founder navigating uncertainty, setbacks, and personal challenges. Building a company isn’t just about creating a product. It’s about developing the resilience necessary to pursue a vision long enough for it to become reality. That part of the journey is often invisible, but it may be the most important.

Startup World Cup Abuja Regional Challenge Ends at RACE 2026

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Startup World Cup Abuja Regional Challenge Crowns Mehtic Technology Winner at RACE 2026

The Startup World Cup Abuja Regional Challenge concluded at the 2026 RegTech Africa Conference and Expo (RACE 2026), bringing together regulators, investors, fintech leaders, policymakers and startup founders from across Africa. Held at the State House Banquet Hall, Presidential Villa, Abuja, the event showcased some of the continent’s most promising technology startups while reinforcing Africa’s growing influence in the global innovation ecosystem.

The regional competition culminated in Mehtic Technology, developer of the BankPlus Core Banking Infrastructureplatform, securing victory and earning the opportunity to represent the region at the Startup World Cup Global Finals in Silicon Valley.

Startup World Cup Abuja Regional Challenge Showcases African Innovation

Organised through a partnership between RegTech Africa and Pegasus Tech Ventures, the Startup World Cup Abuja Regional Challenge featured 15 startups selected from hundreds of applications submitted across Africa.

The finalists represented key sectors including fintech, regulatory technology (RegTech), artificial intelligence, cybersecurity and GovTech. During the competition, each startup presented its solution before a panel of judges, investors and ecosystem leaders.

Judges assessed participants based on innovation, scalability, commercial viability, business sustainability, social impact and presentation quality.

RACE 2026 Strengthens Africa’s Regulatory Technology Ecosystem

Beyond the pitch competition, RACE 2026 served as a platform for discussions on Africa’s evolving regulatory and digital transformation landscape.

The three-day conference featured panel sessions, workshops and policy roundtables involving regulators, financial institutions, venture capital firms, compliance professionals and technology entrepreneurs. Together, participants explored practical approaches to advancing digital financial services, regulatory innovation and technology adoption across the continent.

The event further strengthened collaboration between public institutions and private sector stakeholders working to modernise Africa’s financial ecosystem.

RegTech Africa Highlights Global Opportunities for African Startups

Speaking during the event, Cyril Okoroigwe, Chief Executive Officer of RegTech Africa, said the organisation remains committed to creating pathways that connect African startups with international markets and investors.

“At RegTech Africa, our mission has always been more than convening conversations—it is about building an active, enabling infrastructure for the African startup ecosystem. Through platforms like the Startup World Cup Regional Challenge, we are deliberately creating pathways for Africa’s most promising innovators to gain global visibility, access to capital, and the strategic partnerships they need to scale.”

He added that bringing regulators, investors and entrepreneurs together creates opportunities that strengthen both individual businesses and Africa’s broader financial technology landscape.

Mehtic Technology Advances to Silicon Valley

Following a competitive evaluation process, Mehtic Technology emerged as the winner of the Startup World Cup Abuja Regional Challenge.

The company, which developed the BankPlus Core Banking Infrastructure platform, will now compete at the Startup World Cup Global Finals in Silicon Valley, United States. There, startups from around the world will compete for a $1 million investment prize and opportunities to secure strategic international partnerships.

Its selection highlights the growing maturity of African fintech innovation and the increasing global recognition of startups building enterprise technology solutions on the continent.

RACE 2026 Signals Growing Momentum for Africa’s Startup Ecosystem

Reflecting on the event, Belinda Nkechi Idinmachi, Startup World Cup Ambassador, described the conference as an important milestone for African innovation.

“RACE 2026 exceeded every expectation we had for it. From the quality of conversations in the conference halls to the electric energy of the Startup World Cup Pitch Day, what unfolded at the Presidential Villa over those three days was a genuine statement about where Africa stands in the global RegTech and fintech conversation.”

As RACE 2026 concluded, RegTech Africa reaffirmed its commitment to expanding Africa’s regulatory technology ecosystem through stronger partnerships, startup support programmes and international collaboration.

The success of this year’s Startup World Cup Abuja Regional Challenge sets a strong foundation for future editions while creating new opportunities for African startups to compete and scale on the global stage.

Stabyl Raises $2.7 Million for Africa’s FX Infrastructure

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Nigerian Fintech Stabyl Raises $2.7 Million to Modernise Africa’s FX Infrastructure

Stabyl raises $2.7 million in pre-seed funding as the Nigerian fintech emerges from stealth to address one of Africa’s most persistent financial infrastructure challenges—foreign exchange (FX) liquidity. The company is building an institutional platform that enables banks, payment service providers (PSPs) and traders to source foreign exchange more efficiently using stablecoin-backed liquidity and real-time settlement infrastructure.

The funding round was led by Konga, which will also serve as Stabyl’s first commercial implementation partner through its licensed payment subsidiary, KongaPay.

Stabyl Raises $2.7 Million to Simplify FX Liquidity

Although African fintech companies have made significant progress in digital payments, sourcing foreign exchange before settlement remains highly fragmented. Treasury teams often spend hours contacting banks, liquidity providers and payment partners to compare exchange rates and secure liquidity.

Stabyl aims to eliminate this inefficiency by replacing manual negotiations with a Central Limit Order Book (CLOB). The platform allows buyers and sellers of foreign exchange to post and automatically match orders in a transparent marketplace.

As a result, financial institutions can access deeper liquidity, faster execution and improved price discovery while reducing exposure to foreign exchange risk.

Infrastructure Focuses on Financial Institutions, Not Consumers

Unlike many fintech startups, Stabyl is not building a consumer payment application. Instead, the company focuses on the infrastructure layer that powers cross-border payments behind the scenes.

Its platform enables banks, payment service providers and institutional traders to source foreign exchange before payments are settled. Consequently, organisations can reduce delays that frequently occur when liquidity is sourced through multiple counterparties.

The company believes that while payment information now moves instantly through APIs and digital platforms, capital itself often moves much more slowly. This disconnect creates what financial markets describe as “trapped capital,”where funds remain tied up during settlement.

Stabyl’s infrastructure seeks to remove these bottlenecks by enabling real-time liquidity sourcing and faster settlement across both traditional banking systems and blockchain networks.

Konga Partnership Strengthens Settlement Infrastructure

As part of the investment, Konga becomes Stabyl’s first real-world deployment partner.

For fiat transactions, KongaPay will serve as the company’s official naira settlement partner. Meanwhile, digital asset custody and wallet infrastructure will be provided by DFNS, a multi-party computation (MPC) wallet provider.

Stabyl currently supports USDT (Tether) and USDC (USD Coin) for stablecoin settlements. However, the company said its platform remains blockchain-agnostic and selects networks based on transaction costs, settlement speed, reliability and institutional requirements.

Building the Liquidity Layer for African Payments

Co-founded by Ekeh, Schwartzman and Michael Anyi, Stabyl is positioning itself as a foundational infrastructure provider rather than another cross-border payments platform.

The startup aggregates liquidity from participating financial institutions and payment service providers while maintaining additional liquidity reserves through selected institutional partners. This approach helps ensure liquidity remains available even during periods of elevated demand.

According to the company, a typical treasury team at a large organisation may contact several banks and liquidity providers before securing foreign exchange. By the time approvals are completed, exchange rates may already have changed, forcing businesses to restart negotiations or accept less favourable pricing.

Stabyl’s marketplace is designed to eliminate these delays through automated matching and transparent liquidity discovery.

Funding Supports Africa’s Next Financial Infrastructure Layer

The successful pre-seed round reflects growing investor interest in financial infrastructure that operates behind consumer-facing fintech products.

Rather than competing for retail users, Stabyl aims to become the liquidity backbone for Africa’s payment service providers, banks and institutional liquidity partners. As cross-border trade and digital payments continue to expand across the continent, the company believes reliable foreign exchange infrastructure will become increasingly critical to enabling faster, more predictable and cost-effective international transactions.

Mastercard Launches Africa Cybersecurity Center of Excellence

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Mastercard Launches Africa Cybersecurity Center of Excellence to Strengthen Digital Resilience

Mastercard Africa Cybersecurity Center of Excellence has officially launched as a pan-African initiative aimed at strengthening cyber resilience, improving collaboration and protecting the trust that underpins Africa’s fast-growing digital economy. The announcement was made during Mastercard CEO Michael Miebach’s visit to Nigeria, underscoring the company’s long-term commitment to supporting secure digital transformation across the continent.

The new centre will help governments, financial institutions and businesses anticipate cyber threats, improve preparedness and strengthen their ability to respond to increasingly sophisticated attacks.

Mastercard Africa Cybersecurity Center of Excellence Expands Cyber Collaboration

The Mastercard Africa Cybersecurity Center of Excellence builds on the company’s global cybersecurity expertise and extends advanced intelligence and best practices to African markets.

Furthermore, the initiative follows recent discussions between Mastercard and the Nigerian Government in Abuja, where both parties committed to strengthening cybersecurity across Africa.

Commenting on the development, President Bola Ahmed Tinubu said secure digital systems are essential to Nigeria’s economic future.

“As Nigeria deepens its digital transformation, secure and trusted systems will be critical to inclusion and growth. We welcome collaborations that strengthen our digital economy and build resilience for the future.”

Mastercard Targets Rising Cyber Threats Across Africa

As digital adoption accelerates, cyber threats continue to increase across the continent. Consequently, Mastercard believes stronger collaboration between the public and private sectors has become essential.

The new centre will bring together financial institutions, public agencies and private businesses to share threat intelligence, improve cyber preparedness and strengthen collective defence against emerging risks.

According to Mastercard, no single organisation can effectively tackle today’s cyber threats alone. Instead, stronger partnerships will help organisations identify risks earlier and respond more effectively.

Cybersecurity Supports Africa’s Digital Economy

Africa’s digital economy is projected to reach $1.5 trillion by 2030, making cybersecurity a critical enabler of sustainable economic growth.

At the same time, cybercrime continues to rise across the continent, causing significant financial losses every year. Mastercard noted that only about 35% of cyber incidents are officially reported, while Nigeria remains one of Africa’s most affected markets for ransomware attacks and dark web-related cyber threats.

These trends highlight the growing need for stronger cyber resilience as digital financial services, e-commerce and online public services continue to expand.

Mastercard Sees Cybersecurity as the Foundation of Digital Trust

Speaking at the launch, Mastercard Chief Executive Officer Michael Miebach described cybersecurity as the foundation of Africa’s digital future.

“Africa is dynamic, fast-growing, and ready to scale its digital future. That won’t happen without trust. People don’t use what they don’t trust. That makes cybersecurity foundational to driving economic resilience and growth across the continent.”

He added that greater collaboration between governments, financial institutions and businesses will strengthen collective defence while supporting a more secure, inclusive and resilient digital economy.

Initiative Supports Inclusive Digital Growth

Beyond addressing cyber threats, the Mastercard Africa Cybersecurity Center of Excellence forms part of the company’s broader strategy to strengthen trust in Africa’s digital ecosystem.

By working closely with governments, banks, enterprises and small businesses, Mastercard aims to reinforce the digital infrastructure needed to support innovation, financial inclusion and long-term economic development across the continent.

Call for Applications: SMEDAN Cluster Development Support for MSMEs 2026

Call for Applications: SMEDAN Cluster Development Support for MSMEs 2026

Applications are now open for the SMEDAN Cluster Development Support (CDS) Programme 2026, a Federal Government initiative approved by President Bola Tinubu to formalise 250,000 Micro, Small and Medium Enterprises (MSMEs) across Nigeria. The programme aims to strengthen industrial clusters by improving productivity, innovation, competitiveness and market access for participating businesses.

Through the initiative, MSMEs operating within recognised geographic clusters and industrial hubs will receive targeted interventions designed to help them grow sustainably, create jobs and contribute to Nigeria’s economic development.

SMEDAN Cluster Development Support Strengthens MSME Clusters

The SMEDAN CDS Programme recognises that business clusters play a vital role in driving local manufacturing, entrepreneurship and employment across Nigeria.

Accordingly, the programme will provide practical support tailored to the needs of participating clusters. These interventions include improved infrastructure, access to finance, technology adoption and business development services that enable enterprises to scale more efficiently.

By strengthening industrial clusters, the initiative also seeks to improve the competitiveness of Nigerian MSMEs in both domestic and international markets.

Who Can Apply?

Applications are open to:

  • MSMEs operating within recognised geographic clusters or industrial hubs.
  • MSME clusters seeking to improve growth, competitiveness and market presence.
  • Industry associations.
  • Government agencies supporting MSME development.
  • Development organisations working to strengthen MSME clusters.

Eligible applicants should demonstrate a commitment to improving business performance and expanding economic opportunities within their respective clusters.

Benefits of the SMEDAN Cluster Development Support Programme

Successful applicants will benefit from a range of business support services, including:

  • Infrastructure development support.
  • Technology adoption and innovation assistance.
  • Skills development and capacity-building programmes.
  • Networking and business collaboration opportunities.
  • Improved market access and linkages.
  • Access to finance for business expansion.
  • Branding, marketing and product promotion support.
  • Quality certification assistance to improve competitiveness.

These interventions are designed to help MSMEs become more productive, resilient and investment-ready while supporting long-term industrial growth.

How to Apply for SMEDAN Cluster Development Support

Interested businesses, industry associations and eligible organisations can apply through the official SMEDAN portal.

The programme forms part of the Federal Government’s broader efforts to promote entrepreneurship, strengthen local industries and accelerate inclusive economic growth by supporting Nigeria’s MSME ecosystem.

UNDP Timbuktoo MineTech Startup Incubation Programme 2026 Opens

Call for Applications: UNDP Timbuktoo MineTech Startup Incubation Programme 2026

Applications are now open for the UNDP MineTech Startup Incubation Programme 2026, a Pan-African initiative designed to support startups developing innovative technologies for Africa’s mining industry. Through the newly established MineTech Hub in Zambia, the programme will help entrepreneurs build solutions that improve mine safety, sustainability, transparency and operational efficiency across the continent.

The first cohort of the programme will commence in July 2026, with applications accepted on a rolling basis throughout the year.

UNDP MineTech Startup Incubation Programme Targets Mining Innovation

The programme is delivered through the Timbuktoo Pan-African Incubation Network, an initiative of the United Nations Development Programme (UNDP). It aims to accelerate startups that address some of the mining sector’s most pressing challenges using technology and innovation.

Mining remains one of Africa’s most important economic sectors. However, the industry continues to face issues such as unsafe working conditions, environmental degradation, weak mineral traceability and limited financial inclusion. Consequently, the MineTech Hub seeks to support entrepreneurs developing practical solutions that promote responsible mining and sustainable resource management.

Who Can Apply?

The UNDP MineTech Startup Incubation Programme is open to startups that:

  • Are based in Africa or develop solutions for African mining markets.
  • Have a working prototype or Minimum Viable Product (MVP).
  • Have a committed founding team.
  • Address a real challenge within the mining value chain.

In addition, UNDP strongly encourages applications from women-led and youth-led startups, as well as founders working in underserved and mining-affected communities.

Eligible Innovation Areas

The programme welcomes startups developing solutions in several priority areas, including:

  • Mine safety technology and workforce protection.
  • Artisanal and small-scale mining (ASM) formalisation and mechanisation.
  • Mineral traceability and resource governance.
  • Environmental monitoring and climate resilience.
  • Lithium-ion battery design and value chain development.
  • Remote and autonomous mining operations.
  • Mine dewatering, ventilation and geotechnical risk management.
  • Market access, trade and financial inclusion for mining-related businesses.

These innovation areas align with Africa’s growing demand for cleaner, safer and technology-driven mining operations.

Benefits of the UNDP MineTech Startup Incubation Programme

Successful applicants will receive comprehensive support to accelerate their businesses. Programme benefits include:

  • Structured incubation through accredited incubators within the Timbuktoo Network.
  • Mentorship from experienced entrepreneurs and mining industry experts.
  • Access to investors and funding opportunities.
  • Networking with startup founders from across Africa.
  • AI-powered learning resources through the Timbuktoo digital platform.
  • Business development support to improve investment readiness.

Furthermore, participants will gain exposure to a continent-wide innovation ecosystem focused on commercialising technologies that strengthen Africa’s mining value chain.

Application Deadline

Applications are accepted on a rolling basis, with new startup cohorts admitted every three months.

The first cohort begins in July 2026, and eligible founders are encouraged to submit their applications as early as possible.

Interested startups can apply through the official UNDP Timbuktoo MineTech Startup Incubation Programme portal.