The highest-paying tech jobs in Nigeria (2025)
Nigeria’s tech industry has seen turbulent shifts over the last few years, from the pandemic-era boom to the recent economic challenges. Despite the setback, some roles are still commanding eye-popping salaries and rapid career growth. Some senior tech roles in Nigeria are still making people earn ₦2 million ($1,333) and above monthly. To understand what skills are worth investing in, I spoke to Emmanuel Faith, a HR professional with experience in several Nigerian startups, including Cowrywise and Africhange; Deji Olowe, founder of Lendsqr and board leader at Paystack; and Toyin Olasehinde, co-founder and COO of skills platform Treford. “These factors depend on the level (entry, mid, or senior), as well as the company itself and the industry these roles are employed into,” Emmanuel says. Here’s what these experts revealed to me about the roles, skills, and strategies that lead to the biggest paychecks in Nigeria’s tech industry right now. Top highest-paying tech jobs in Nigeria (2025) 1. Cybersecurity analysts Average pay: An average of ₦450,000-₦900,000 ($300-$600) monthly at mid-level, and ₦1.5M–₦2M ($1,000-$1,333) monthly at senior level Why it pays: Rising cyberattacks in Nigeria have made security non-negotiable for fintechs, banks, and startups. Skills in demand: Network security, ethical hacking, cloud security certifications like Certified Information Systems Security Professional (CISSP), and Certified Ethical Hacker (CEH). 2. Data engineers Average pay: ₦1.8M–₦2.5M ($1,200-$1,667) monthly for mid to senior roles Why it pays: Firms are collecting more data than ever and need people to make sense of it. Since businesses can’t make decisions without good data, data engineers are the backbone that makes analysis possible Skills in demand: SQL, Python, Spark, cloud data warehousing, ETL pipelines. 3. Software developers (Especially Back-end Engineers) Average pay: ₦1.2M–₦2.5M ($800–$1,667) monthly for mid to senior roles Why it pays: They build the infrastructure that keeps apps and platforms running. Skills in demand: Java, Node.js, Go, databases, APIs, systems architecture. 4. Technical product managers Average pay: ₦1.5M–₦2.8M ($1,000–$1,867) monthly for mid to senior roles Why it pays: Technical product managers bridge business strategy and engineering to ship profitable products. Skills in demand: Agile project management, UX understanding, stakeholder management. Toyin says, “People are actually building like every time, and so they need people that can actually, like, manage products for them,” Olasehinde said. 5. DevOps engineers Average pay: ₦1.3M–₦2.4M ($866.67–$1,600) monthly for mid to senior roles Why it pays: They keep deployment fast, stable, and secure, essential for scaling startups. Skills in demand: CI/CD, Kubernetes, Docker, AWS/Azure, scripting. 6. Artificial intelligence roles Artificial Intelligence /Machine Learning Engineer: Designs, develops, and implements AI and machine learning models and systems. Average pay: ₦600,000- ₦1,200,000 ($400–$800) monthly Why it pays: Olasehinde points out that “because of the whole AI buzz in recent time, employers are looking for people who actually can draw up AI strategies and also implement” for their organisations. Skills in demand: Strong programming abilities (especially Python), expertise in machine learning algorithms and deep learning frameworks (like TensorFlow and PyTorch), robust mathematical and statistical foundations, skills in data preprocessing and analysis, proficiency with cloud platforms (AWS, Azure, GCP) 7. Chief Technology Officers (CTOs) Average pay: ₦3M–₦5M+ ($2,000–$3,333+) monthly for mid to senior roles Why it pays: They set the vision and manage entire tech teams, budgets, and product roadmaps. Skills in demand: Technical depth, leadership, fundraising experience, strategic planning. Most future-proof tech roles in 2025 According to Emmanuel, there are roles where demand far outweighs supply in many senior tech roles, largely because people are migrating or prioritising foreign opportunities. Emmanuel and Olowe list technical product management as a role to pursue for fresh graduates or career switches who want to pursue long-term growth in the tech industry. Emmanuel adds cybersecurity, full-stack engineers, and lifecycle marketing managers. Olasehinde says marketing roles in tech firms are relevant because “to bring in people to use or understand , you need people on the marketing side to be able to communicate the value of these products, to be able to even sell this product.” Degrees vs. hands-on skills Interestingly, formal education isn’t the main ticket to high pay. Emmanuel observed that “for most companies at entry level, formal degrees might not be a deciding factor.” Mastery of cloud and DevOps tools like Golang and Scala can also fast-track salary growth. Olowe added that certifications and claims of global exposure often don’t impress him and other employers: “ Referrals are the best. Good people know good people.” For him, attitude, accountability, and quality output matter far more than certificates. Olasehinde says AI-related and data analytics skills are surging in demand: “Employers are looking for people that can draw up AI strategies for them and also implement them… There’s also product management, cloud computing, software engineering, and even growth and marketing roles.” Career growth timelines How long does it take to hit high-paying territory? Emmanuel estimates 18 months to two years for driven professionals to move from entry-level to well-paying positions, if they build rare, valuable skills and position themselves for growth roles like product management, cybersecurity, or marketing leadership. Olowe adds that technical roles can open the door to lucrative leadership positions like CTO or Head of Engineering, while product managers often transition into strategic executive roles. 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Read MoreIs Apple’s slimmest iPhone a big deal in Africa? We asked 7 users in South Africa, Nigeria, and Kenya
On Tuesday, Apple unveiled the iPhone 17 series, headlined by the ultra-thin iPhone 17 Air, the company’s slimmest iPhone yet. Globally, much of the conversation is about the iPhone 17’s slimmer design, titanium frame, and on-device AI. But in Africa, the real question is whether this sleek new lineup resonates with consumers who balance interest in innovation with the realities of cost. To find answers, TechCabal spoke with seven (7) users and experts in South Africa, Nigeria, and Kenya. South Africa: “These features matter here too” In South Africa, pre-orders open September 12, with in-store sales beginning a week later. iStore, Apple’s local retailer, is teasing the lineup with trade-in deals and financing options to cushion prices expected well above U.S. retail. For John Arufandika, a digital transformation strategist at Aptiva AI—an agency specializing in language models, system upgrades, and AI compliance—the iPhone 17 isn’t just a luxury device. To him, its true relevance for Africa lies in how it represents technology convergence. “I see Apple doubling down on on-device AI, advanced chipsets, satellite-enabled connectivity, and energy-efficient design,” he said. “ These are not just consumer perks; they point to the direction of computing over the next decade.” Arufandika argues that features like offline AI and satellite access could be transformative in Africa, where cloud costs are high and connectivity is patchy. “Tools that can run offline, protect data sovereignty, and stretch battery life in areas with weak grids, these are precisely the kinds of innovations Africa needs at scale.” Still, he admits that affordability remains the barrier. The real challenge, he says, is bridging the gap between high-end demonstrations and mass-market reality. On the consumer side, the excitement is real, but so is the price shock. Tendai Mugabe, Director of Programs and Impact at the Africa Women in Finance Inclusion Initiative (AWFII), captures the tension with humor and honesty. “I am an Apple sheep, and I am already in love and want it. But to try to justify that amount and then fees, life and all, it is pricey.” Mugabe, who upgrades every two years, says she is due for a new device but admits the cost concerns. Nigeria: Prestige versus practicality In Nigeria, reactions are split between admiration and scepticism. Lagos-based developer Tesleem Amuda sees appeal in the titanium design and stronger battery. “It is actually a big deal, and from the list of the features, functionalities, and materials I listed, smartphone users in Africa would want to see it, switch to the latest quality, and see how it goes,” he said. However, some others are skeptical about its real impact, saying the model will remain out of reach for most Nigerians because of its high price. “New iPhones won’t make much difference for the majority,” said Muhammed Hassan, an Abuja-based media and communication strategist.“The iPhone 17 will get attention in Africa, but for most people, it’s not a big deal. The price is too high, and many Africans prefer cheaper phones that do what they need. Rafat Lawal, a Maiduguri-based fashion entrepreneur echoes a similar sentiment: “Everyone would love to use it, but the cost will push them more away, like other previous models like the iPhone 16.” However, there are pockets of optimism, particularly among Nigerian content creators who see the device as a tool for better productivity. Toheer Muftaudeen, a content creator, described the new iPhone model as “a new talk” for African creators. “Though many people may not afford it or have an interest in using it, those who do will leverage its features for work.” Kenya: An object of desire, not utility In Nairobi’s malls and upmarket neighbourhoods, the iPhone remains a status symbol. Among young professionals, influencers, and entrepreneurs, owning the latest model carries a social cachet that Android rivals, no matter how powerful, struggle to match. The iPhone 17’s improved camera systems, faster processors, and Wi-Fi 7 connectivity will strengthen its grip among this cohort, who rely heavily on their devices for work and content creation. Retailers in the capital are already reporting waiting lists from early adopters. But outside this narrow band of consumers, Apple faces a harder sell. The entry-level iPhone 17 is expected to retail above KES100,000 ($773), with Pro versions priced much higher. This comes at a time when the shilling has weakened against the dollar and inflation has eroded disposable incomes. By contrast, Transsion brands such as Tecno and Infinix dominate Kenya’s smartphone market with devices priced under KES30,000 ($232), offering features that are “good enough” for the majority. “Slim or not does not really determine the decision to buy. Some brands have slimmer phones but fall short in some features like the camera,” said Collins Opiyo, a digital creator in Nairobi. “The decision to buy will come down to whether I have the money or not.” Yet Apple has consistently managed to carve out a loyal niche in Kenya. Financing options from mobile operators, trade-in schemes, and the flourishing second-hand market help sustain demand. The iPhone 17 will not shift the market’s balance, but it will reinforce Apple’s role as the phone of choice for Kenya’s upwardly mobile elite—an object of desire first, and a device second. More symbol than smartphone Across Africa, Apple’s new lineup sparks excitement, but also resignation. For tech observers, it’s a signpost for the future. For loyalists, it’s an expensive upgrade. For most, it’s out of reach. The iPhone 17 Air won’t transform Africa’s smartphone market. But it will reinforce Apple’s role on the continent: not as a mass-market device, but as a cultural marker of aspiration, loyalty, and the high cost of prestige.
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How banks, fintechs refunded Nigerians ₦10 billion in six months
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) says it helped dissatisfied customers reclaim over ₦10 billion ($6.66 million) in refunds from banks, fintechs, and other service providers between March and August 2025. The refunds came from 9,091 resolved complaints lodged on the commission’s consumer complaints portal, it disclosed on Thursday. The disclosure underscores just how deeply consumer frustrations are running across financial and essential services. Banking and fintech dominate the pile, both in the number of cases and financial impact, highlighting consumer vulnerability in essential, high-value services. Banking topped the list with 3,173 complaints, far ahead of fast-moving consumer goods (1,543), fintech (1,442), and electricity (458). Other sectors flagged included e-commerce (412), telecoms (409), retail/wholesale/shopping (329), aviation (243), information technology (131), and road transport and logistics (114). “These numbers are not just statistics; they tell the story of consumer frustration, and the daily challenges Nigerians face in essential services,” FCCPC CEO Tunji Bello said. The commission noted that the growth in complaints reflects the scale of harm experienced and the significant financial burden borne by consumers in the absence of effective redress. Banking and fintech were the biggest culprits by financial impact, dominated by loan deduction disputes, unfair charges, and unauthorised debits. “Banking and fintech dominate by financial impact, showing consumer vulnerability where services are both essential and high value, signalling an urgent need for stronger joint regulation with the Central Bank of Nigeria (CBN),” the commission said. While there have been concerns about whether the commission is encroaching on the CBN’s territory, Bello, in 2024, revealed that under the Federal Competition and Consumer Protection Act (FCCPA) 2018, bank customers have specific rights to guarantee fair and accountable service delivery. Other consumer grievances, across sectors, included unfair charges, service failure, unauthorised deductions, deceptive marketing, poor disclosure of terms, product defects, and failure to provide redress within acceptable timelines. E-commerce disputes are smaller in value but rising fast, mostly tied to failed deliveries, refunds, and counterfeit goods. The FCCPC said these trends highlight the fragility of consumer protection in the digital economy. The commission noted that digital lending, investment schemes, and microfinance services complaints are also rising, coinciding with the unveiling of its new regulation, which aims to curb abuses in the digital lending sector. In July, the FCCPC warned that digital lenders face fines of up to ₦100 million ($66,572) or 1% of turnover for abusive practices. The consumer watchdog said it is intensifying monitoring, enforcement, and collaboration with sector regulators, with a focus on financial and utility services. “The Commission encourages regulated entities to study these data trends and strengthen internal mechanisms for handling consumer complaints, ensuring that issues are addressed promptly and equitably,” it added. Mark your calendars! Moonshot by TechCabal is back in Lagos on October 15–16! Meet and learn from Africa’s top founders, creatives & tech leaders for 2 days of keynotes, mixers & future-forward ideas. Get your tickets now: moonshot.techcabal.com
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South Africa’s online retail boom exceeds $7bn as Amazon, Shein, Temu shake up the market
South Africa’s online retail sector is entering a new era of growth and maturity, with e-commerce sales in 2025 projected to surpass R130 billion (nearly $7 billion), close to 10% of national retail sales, a dramatic jump from the sub-1% share in 2015. This is according to an Online Retail 2025 report by World Wide Worx, a tech research company, in partnership with Mastercard, Peach Payments, and Ask Africa. The report highlights that the sector is growing more than ten times faster than physical retail, with online sales jumping 35% in 2024 (R96 billion, over $5 billion), and expected to climb by a similar margin in 2025. Takealot remains the most frequently used platform overall, along with Shoprite (Checkers Sixty60), Pick n Pay, and Woolworths, and the fast-growing Foschini Group’s Bash reporting double-digit growth, especially in grocery and FMCG, where on-demand delivery platforms have transformed consumer expectations for immediacy and convenience. “Takealot was the only game in town in 2023. That shifted dramatically in 2024, despite the arrival of Shein and Amazon, Takealot still increased its share,” said Arthur Goldstuck, CEO of World Wide Worx, a tech research company. International entrants shake the market Global giants like Amazon, Shein, and Temu’s arrival forces local brands to up their game. Amazon launched its South African site in 2024, expanding into groceries and household goods, and opening a seller centre for SMEs in Cape Town. Shein and Temu shook up the fashion sector, capturing an estimated R7.3 billion (nearly $390 million) in turnover and 40% of online clothing sales by 2024, though new VAT and customs rules are curbing their growth going forward. Despite cross-border pressure, local retailers have posted robust growth. Regulatory changes closing import loopholes are helping level the playing field. Domestic platforms excel in delivery speed, returns convenience, and trust, factors crucial to South African consumers. The report’s surveyed retailers feel confident, with 65% seeing little impact from Temu or Shein, and 75% rate their capabilities better than global competitors. Who’s buying Young, urban consumers (ages 18–34) remain the core demographic, but middle-aged and higher-income South Africans are adopting fast. Middle-income earners now account for the fastest-growing segment of online buyers. Women are highly active in groceries and fashion, while men show growing participation in electronics and general retail. “Those earning more than R50,000 a year in 2023 made up 25% of online shoppers. In 2024, that moved up to 34%. Even the R40,000 to R49,000 segment jumped from 22% to 36%. So you can see all the upper-income segments dramatically increase penetration,” said Goldstuck. Online, South Africans buy everyday essentials like groceries (via Sixty60, Pick n Pay, Woolies Dash), and FMCG is the fastest-growing, due to on-demand delivery. Fashion and beauty also follow with platforms like Bash, Shein, Temu, and Woolworths, reporting strong year-on-year growth in these categories. Homeware, electronics, and personal care see expanded uptake, with higher value and frequency among urban and middle-income shoppers. Digital payments Trusted payment rails such as EFT, debit, and credit cards remain dominant, with growing interest in instant EFT (PayShap), mobile wallets, and Buy Now, Pay Later (BNPL). WhatsApp is a major engagement channel for South African online retailers, especially for customer support and promotions, but the platform faces significant integration and trust challenges when it comes to payment gateways[1]. While most retailers use WhatsApp for handling queries and marketing, actual transactions are rarely completed via in-chat payment links, with EFT invoices being the dominant method due to hurdles in gateway integration, reconciliation, and consumer confidence. 69% of retailers use WhatsApp primarily for customer support, and over half use it for promotions. But only about 16% complete payments via WhatsApp links; the vast majority revert to sending customers EFT instructions rather than enabling seamless, real-time payment within the app. Key barriers include technical integration problems, reconciliation with accounting systems, consumer trust issues, and concerns over fraud and regulatory compliance. AI on the horizon The report notes that, while AI is widely recognised for its transformative capabilities in e-commerce, most South African retailers are still at the early stages of experimentation and adoption, treating it as a marketing enabler rather than a comprehensive business solution. Retailers anticipate that, as trust in AI grows and platforms mature, adoption will spread into more technical and operational aspects, including fraud detection, dynamic pricing, and demand forecasting. What’s next for South Africa’s e-commerce? Online sales are poised to hit 12% of national turnover by 2027, cementing e-commerce as a structural force in South African retail. Retailers are aiming for blended approaches, combining digital, in-store, and new payment options to maintain their competitive edge. As consumer trust and convenience drive loyalty, retailers must simplify checkout, provide clear shipping costs, and test new payment and authentication solutions, including passkeys and biometric options. Rahul Jain, co-founder of Peach Payments, noted that the most exciting trend in the e-commerce space in the coming years will be the “democratisation of e-commerce, like bringing products and services, whether it’s remote areas in the country or on the continent, not the traditional formal mixing markets.” Mark your calendars! Moonshot by TechCabal is back in Lagos on October 15–16! Meet and learn from Africa’s top founders, creatives & tech leaders for 2 days of keynotes, mixers & future-forward ideas. Get your tickets now: moonshot.techcabal.com
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Costly smartphones keep six in ten Nigerians offline
Six in ten Nigerians are offline because smartphones cost too much, according to a new report by GSMA, the global industry body for telecom operators. In low- and middle-income countries (LMICs) like Nigeria, mobile is the primary gateway to the internet, accounting for 84% of broadband connections in 2024. The mobile internet has become how people access healthcare, education, financial services, and commerce. Despite its significance, 130 million Nigerians were without mobile internet in 2024, 10 million more than the previous year. With a population of 216 million, this translates to 6 in 10 Nigerians. Nigeria is behind only India (690 million) and China (240 million), and on par with Pakistan (130 million). In a 2024 report, GSMA noted that only about 29% of Nigerians (about 58 million) use the internet. Nigeria mirrors Sub-Saharan Africa, the region with the world’s lowest mobile internet usage. Just 25% of people in the region use mobile internet, compared to over 75% in North America, Europe, and East Asia. Globally, 3.1 billion people—38% of the world’s population—still do not use mobile internet despite living in areas with broadband coverage. The affordability bridge One of the main barriers continues to be affordability, although literacy and digital skills also play a part. “Affordability plays a significant role in device ownership and is the top-reported barrier to mobile internet adoption across LMICs,” GSMA said. In rural Nigeria, only 39% of people have smartphones compared to 73% in urban areas. Smartphones are crucial in a country that had 138.22 million mobile internet connections in July 2025. However, currency swings caused by the Central Bank of Nigeria’s 2023 reforms have triggered the naira’s fall, making phones more expensive. In 2024, Karl Toriola, CEO of MTN Nigeria, said the high cost of mobile phones was hindering digital inclusion in the country. According to GSMA, the median cost of an entry-level smartphone in countries like Nigeria has increased from around $50 (₦44,077 at ₦881.53/$) in 2023 to around $54 (₦82,967 at ₦1536.42/$) in 2024. Nigeria’s smartphone market shrank by 7% in Q1, 2025, as consumers prioritised food over devices, according to Canalys, a global technology market analyst firm. In Sub-Saharan Africa, which accounts for a quarter of those not using mobile internet, an entry-level device costs 87% of average monthly income for the poorest 20%. In 2022, 63% of Nigerians (133 million) were multidimensionally poor. In 2025, the poverty rate among Nigeria’s rural population reached 75.5%. The monthly minimum wage is currently ₦70,000 ($46.48 at ₦1506.09/$). Adeolu Ogunbanjo, national president of the National Association of Telecoms Subscribers (NATCOMS), said, “The high cost of things isn’t peculiar to ICT. But mobile phones are a necessity. People need to get access as it enhances whatever they are doing.” The market responds The high cost of smartphones has led to a surge in entry-level phones in the country, with Chinese phone makers such as Transsion and Xiaomi stepping up. Transsion, makers of Tecno, Itel, and Infinix, is dominant with 65% market share, and its edge lies in the sub-$100 segment (₦151,487), “where it has recorded 69% growth by addressing first-time smartphone buyers,” according to Manish Pravinkumar, senior consultant for Middle East and Africa (MEA) at Canalys. Device financing is also gaining traction. Platforms like M-Kopa, Easybuy, CDCare, Jumia Flex, Slot, and Access Bank’s Device Finance Scheme are making it possible for more Nigerians to buy phones. “Models such as Buy-Now, Pay-Later (BNPL) and Pay-As-You-Go (PAYGO) are redefining affordability, enabling broader smartphone ownership and driving digital inclusion,” Pravinkumar said. This has translated to growth, with the country’s smartphone market rebounding by 10% in Q2, 2025. While this indicates growth, Pravinkumar noted that FX fluctuations and import duties remain an issue, but “vendors are navigating this through financing models and tighter partnerships with local distributors. However, GSMA argues that $30 (₦45,183) devices could change the game, potentially unlocking the internet for 1.6 billion people worldwide, including millions in Nigeria, who are currently offline despite living under network coverage. Achieving this will require expanding handset financing options, adopting tax policies, and providing targeted subsidies to promote uptake. Telcos are also experimenting: MTN joined a GSMA coalition in 2024 to drive down phone costs, while Airtel is negotiating with manufacturers to make 5G devices cheaper. “We are actively talking to device manufacturers,” CEO Dinesh Balsingh said at a recent media briefing. Expanding the mobile internet to more Nigerians is crucial, especially as the country aims to maximise its digital economy’s potential. But this won’t be possible until smartphones become affordable. Mark your calendars! Moonshot by TechCabal is back in Lagos on October 15–16! Meet and learn from Africa’s top founders, creatives & tech leaders for 2 days of keynotes, mixers & future-forward ideas. Get your tickets now: moonshot.techcabal.com
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After solving fresh flower deliveries, Oyemade Oyemaja is building a translation tool for Nigeria’s 500+ languages
In the biblical story of Babel, humanity’s most ambitious project failed when a single shared language fractured into thousands, making collaboration impossible. Today, Nigeria faces a modern echo of that ancient problem. With a population of 238.4 million people and 520 living indigenous languages, it is one of the most ethnically diverse countries in the world. As the world scrambles to build the next generation of language models like ChatGPT and Claude, Nigeria risks being left behind for one reason: we don’t speak the same language. For Oyemade Oyemaja, co-founder of Ennoble Technologies, this presents a peculiar problem. “It means that before we even start to talk about solving problems, we have to get on the same page first,” he said. “If you have 10 Nigerians in one room, the possibility that they all speak the same language is low. Say that the room is an escape room, the first puzzle to even solve is making sure that each person understands what the other is saying.” Ennoble Technologies is a venture studio that identifies acute Nigerian problems and builds the digital infrastructure to solve them. Their projects range from streamlining commerce—like Buyflowers.ng, which solves the logistics nightmare of getting affordable, fresh flowers across Nigerian cities within hours—to tackling foundational barriers like language. One of these products is Neoform AI, an AI tool to help transcribe and translate English to local Nigerian languages. “Everyone says AI this, AI that, but because the language of the internet is English, it means that people who don’t speak English are left out of the race before it even starts,” Oyemaja says. Unlike traditional translation tools—Google Translate, ChatGPT—NeoformAI utilises local speakers to develop the translation algorithm, incorporating cultural contexts into each translation. Neoform partners with native speakers to gather and vet translations, making sure to capture everything from regional dialects to culturally specific proverbs. This humanised process ensures that English phrases translate into their local equivalent rather than a clumsy, literal interpretation. 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His tech journey began in 2013, an era he describes as the ‘every man for himself’ of Nigerian tech. “The ecosystem was non-existent; it was just you and your YouTube,” he says. This solitary start, where people who built were either driven by fun or opportunity, laid the groundwork for his future ambitions. “It’s a far cry from what we have now, with everyone doing things and having a network of other tech enthusiasts like you. Ten, twelve years ago, it was almost like it was every man for himself.” This early introduction to tech informed Oyemade’s decision to study Computer Science at Kwara State University. “I won’t say it was easy, but it was easier to have passion for something you’ve already seen in action.” After university, he stayed on the path of tech, first as a hardware maintenance specialist, then a lead frontend architect for Accelerex, a fintech company. His experience as a hardware specialist gave him a well-rounded view of what tech truly entails. “When people think tech, they think of software, and while software is a part of technology, we often forget the hardware and infrastructural parts,” he says. “Nigeria doesn’t have the infrastructure for
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Every product announced at Apple Event 2025 including the iPhone 17
Table of contents iPhone 17 iPhone Air iPhone 17 Pro iPhone 17 Pro Max Apple Watch Series 11 Apple Watch Ultra 3 Apple Watch SE 3 AirPods Pro 3 Pricing Apple’s “Awe Dropping” event on Tuesday, September 9, was all about tying its products together into a stronger ecosystem. Instead of one big headline device, Apple focused on three big themes: AI built directly into devices, a reshaped iPhone lineup, and tougher hardware that lasts longer. The iPhone 17 lineup stole the spotlight, with the slimmer iPhone Air replacing the old Plus model and every iPhone now starting with 256GB of storage. Apple also introduced the Apple Watch Series 11 with new health tools, the Apple Watch Ultra 3 with enhanced connectivity, and the AirPods Pro 3 with improved sound quality and live translation. On the software side, iOS 26 got a fresh “Liquid Glass” redesign, and Apple showed practical ways you’ll use Apple Intelligence every day. However, not everyone was impressed. Apple’s stock slipped 1.5% after the event, a sign that investors want more than yearly product refreshes. For you as a consumer, though, this event laid out the clearest picture yet of Apple’s future: phones, watches, and earbuds that work closer together, run smarter with AI, and give you more value in both design and storage. The iPhone 17 lineup: Four (4) new iPhones Apple has launched four new iPhones: iPhone 17, iPhone Air, iPhone 17 Pro, and iPhone 17 Pro Max. Each model brings improvements in performance, AI, cameras, and design, while the Air introduces a fresh, ultra-thin option for those who value style and portability. Every iPhone 17 now starts at 256GB of storage, giving you room for apps, AI features, and more demanding media. iPhone 17: The iPhone 17 features a 6.3-inch Super Retina XDR OLED display with ProMotion and an adaptive refresh rate up to 120Hz, reaching a peak brightness of 3,000 nits. It runs on the A19 chip with a 6-core CPU, 5-core GPU, and a 16-core Neural Engine, delivering 20% faster performance than the previous generation. With 8GB of RAM and a 3,692 mAh battery supporting 35W fast charging, it balances power and efficiency. The camera system includes a 48MP Dual Fusion rear setup and an 18MP front-facing Centre Stage camera. You get sharper selfies, improved Night Mode, and new Photographic Styles for real-time photo edits. The iPhone 17 is also built tough, featuring Ceramic Shield 2 for three times more scratch resistance and reduced glare. It comes in five colours: black, lavender, mist blue, sage, and white. iPhone Air: Slimmest iPhone ever At just 5.5mm, the iPhone Air replaces the old Plus model and is Apple’s thinnest iPhone ever. It sports a 6.5-inch Super Retina XDR display with 120Hz ProMotion, runs on the A19 Pro chip, and includes a new N1 wireless chip for Wi-Fi 7 and Bluetooth 6, plus a C1X cellular modem. With 8GB of RAM and a 3,149 mAh battery that reaches 50% charge in 30 minutes, it offers both speed and portability. The Air’s camera system mirrors the iPhone 17, featuring a 48MP Fusion rear camera and an 18MP Centre Stage front camera, which deliver high-quality photos and video. Its lightweight design and titanium frame make it both sleek and durable. With its focus on slim design and portability, the Air is ideal for users who prioritise style and comfort over Pro-level photography. iPhone 17 Pro: The iPhone 17 Pro packs advanced hardware for photography and AI tasks. It has a 6.3-inch Super Retina XDR display with ProMotion up to 120Hz and 3,000 nits brightness. Powered by the A19 Pro chip, featuring a 6-core CPU, 6-core GPU, and 16-core Neural Engine, along with an N1 wireless chip for Wi-Fi 7 and Bluetooth 5, it delivers 40% faster performance than older Pro models. RAM is upgraded to 12GB, and the 4,252 mAh battery keeps up with demanding tasks. Photography receives a significant boost with a triple 48MP Fusion rear camera system, featuring a telephoto lens with a new tetraprism design that allows for up to 8x optical zoom. The front camera is 18MP with Centre Stage for stable video calls. The iPhone 17 Pro features a new aluminum unibody with a vapour chamber for cooling during intensive use and a full-width camera plateau on the back, protected by Ceramic Shield 2. iPhone 17 Pro Max: The iPhone 17 Pro Max is the largest iPhone yet, with a 6.9-inch Super Retina XDR display supporting 120Hz ProMotion and 3,000 nits peak brightness. It also features the A19 Pro chip, a vapour chamber cooling system, and 12GB of RAM. Battery life is the longest among all iPhones, featuring a 5,088 mAh battery that supports 40W fast charging, reaching 50% in just 20 minutes, and providing up to 39 hours of video playback. Its camera setup mirrors the Pro but adds enhanced telephoto optics for detailed zoom shots. The front camera is 18MP with Centre Stage. With a slightly thicker build to house the larger battery, it offers durability and performance for users who demand the best. Design and accessories across the lineup All iPhone 17 models now feature Ceramic Shield 2 for extra scratch resistance and glare reduction. The Air and Pro models have titanium frames for added durability. Apple also introduced TechWoven cases, made from 100% recycled polyester, which support MagSafe and include attachment points for a cross-body strap, allowing you to carry your iPhone like a camera. These designs highlight Apple’s attention to both functionality and lifestyle. Apple Watch Apple Watch Series 11: The Apple Watch Series 11 introduces Apple’s most significant health upgrades yet. It introduces a hypertension tracker that utilises a heart sensor and a machine learning algorithm trained on data from over 100,000 individuals. While it awaits FDA clearance, it’s expected to roll out in the U.S. and Europe. You’ll also receive a new sleep score system, along with enhanced cycle tracking and mental health monitoring. On the hardware side, the watch now supports 5G,
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Insurance, airtime, and data: Safaricom’s new pitch to Kenya’s drivers
Kenya’s transport economy runs on long days and risky work by boda boda riders and ride-hailing drivers, most of whom lack insurance or any safety net. On Tuesday, Safaricom, the country’s largest telco, launched bundles that mix data, airtime, insurance, and even fuel discounts to offer some stability in a trade that rarely provides it. The packages bring together several players. Safaricom provides mobile networks and reach. Turaco, an insurance start-up in Nairobi, covers health and life risks through a plan called Tuunza Mapato, developed alongside the telco. Shell stations will provide fuel discounts, while ride-hailing platforms will benefit if drivers stay active and online. The goal is to combine services into a package that riders and drivers might actually use, instead of each company acting independently. Insurance is the core of the product, allowing riders and drivers to pay weekly or monthly premiums in exchange for cash payouts if admitted to a hospital, and funeral support for dependents if they pass away. A boda boda rider can choose between daily options of KES 50 ($0.38) for data and airtime, or larger weekly and monthly bundles that include insurance, such as KES 1,000 ($7.70) for 8GB of data, credit, and cover. Drivers have their own package at KES 2,000 ($15.40) a month, which includes insurance, 25GB of data, and KES 300 ($2.30) in airtime. Still, affordability remains a challenge. Most boda riders earn between KES 500 ($3.85) and KES 1,500 ($11.50) a day. Ride-hailing drivers face their own struggles with fuel prices and platform commissions. For many, paying KES 1,000 ($7.70) or KES 2,000 ($15.40) upfront monthly is tough when daily earnings are already stretched. Two riders who spoke to TechCabal said the insurance’s value will only be clear if payouts are made quickly and fairly. “The insurance aspect is not new, as Safaricom has been trying to create awareness about it. It was only officially announced today, but we have known about it for a while,” said rider Paul Sakwa on a phone call. Kenya has more than 2.4 million motorcycles in operation and tens of thousands of ride-hailing drivers. The sector generates close to KES 1 billion ($7.7 million) in income daily, according to a Safaricom disclosure, yet most workers have no safety net. While Safaricom’s bundles don’t solve broader issues such as low pay or road safety, they do introduce a structured form of cover that reduces some of the risks riders and drivers face. Mark your calendars! Moonshot by TechCabal is back in Lagos on October 15–16! Join Africa’s top founders, creatives & tech leaders for 2 days of keynotes, mixers & future-forward ideas. Get your tickets now moonshot.techcabal.com
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With $61.6 million fund, Accion Ventures doubles down on early-stage fintechs
Accion Ventures, a global early-stage fund, has closed a $61.6 million fund to double down on its thesis of backing early-stage fintechs in developing markets like Latin America, Africa, and Southeast Asia that widen access to finance for underserved consumers and businesses. The new fund supports Accion Ventures’ belief that early-stage fintechs can eventually reshape financial access in underserved markets, a thesis it has been refining for more than a decade. The fund is already active on the continent and its current African bets are Nigeria’s PaidHR, which streamlines HR for SMEs, and Kenya’s Flowcart, an AI-powered e-commerce startup. Accion raised the fund from a mix of commercial and impact asset managers, DFIs, foundations, family offices, and strategic financial services firms like FMO, Proparco, ImpactAssets, Ford Foundation, MetLife Asset Management, and Mastercard Worldwide. Since launching its investment strategy in 2012, Accion Ventures has deployed $59.4 million into 76 companies across 39 countries, with 13 exits to date. The firm’s recent exits include Apollo Agriculture, which provides inputs, financing, and insurance to smallholder farmers in Kenya and Zambia; Lula, a South African digital lender serving SMEs; and Pula, which delivers agricultural insurance solutions across Africa and Asia. Beyond capital, Accion Ventures also positions itself as a hands-on partner as its portfolio engagement team supports startups with governance, market access, fundraising connections, and operational guidance, drawing on the firm’s experience as both investors and operators. For this week’s Ask an Investor, I shared some questions with Amee Parbhoo, the managing partner of Accion Ventures, via email. My questions covered how much the fund invests, its follow-on strategy, how Accion delivers exits, and the support the fund will offer startups. This interview has been edited for length and clarity. 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With recent investments like PaidHR (Nigeria), Foyer (US), FinFra (Indonesia), and Flowcart (Kenya), how are you balancing geographic diversification with your mission of financial inclusion? Our team will continue to support investments across Africa, Latin America, South and Southeast Asia, and the US. diversification has always been a central tenet of our strategy, and we actively work to maintain a balance of companies across our key geographies. We believe our investments across the globe make us stronger investors. Not only does the diversification help manage any volatility we may see in a single market, but the global reach brings rich insights on fintech from across the globe to our portfolio companies. PaidHR and Flowcart are your latest investments in Africa—what attracted you to the startups? At Accion Ventures, we’re investing in strong founders who are not only building at the cutting edge of fintech but are solving the biggest problems for underserved consumers and small businesses. Both Flowcart and PaidHR are led by strong, experienced founders who are solving major pain points for these populations – helping small businesses operate more efficiently and better digitise. Small businesses are, as we know, the backbone of Africa’s labour market and the broader economy. PaidHR is providing small and medium-sized enterprises in Nigeria with access to the tools and infrastructure they need to manage, retain, and support their teams effectively. With more than 450 million people expected to enter Africa’s labour force by 2035, enabling these job creators to operate efficiently and offer financial services to their employees is both
Read MoreAirtel Nigeria wants a slice of ₦20.7 trillion mobile money market
This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops every Monday. With over 56 million subscribers, Airtel may be Nigeria’s second-biggest telco, but mobile money-wise, it is still playing catch-up. Mobile money is the country’s fastest-growing financial services segment. Transactions hit ₦20.71 trillion ($13.49 billion) in Q1 2025, according to data from the Nigeria Inter-Bank Settlement System (NIBSS), a 1,518.64% jump from the ₦1.28 trillion ($833.43 million) recorded in Q1 2021. Yet Airtel is trying to claw its way into a sector already dominated by fintech heavyweights OPay and PalmPay. “In Nigeria, it is a well-developed fintech market, compared to many other markets,” said Sunil Taldar, Airtel Africa’s CEO, on the company’s fiscal Q1, 2026 earnings call in July 2025. Regulatory restrictions, higher capital requirements, and a late start may have slowed its progress, but Airtel is betting on its brand, agent network, new digital capabilities, and existing customer base to help it carve out a profitable slice of Nigeria’s mobile money market. Fintechs lead While 17 companies are licenced by the Central Bank of Nigeria (CBN) to operate as mobile money operators, OPay and PalmPay dominate the sector. OPay reported 10 million daily active users and 100 million daily transaction volumes in 2024. PalmPay recently disclosed that it now processes 15 million daily transactions. Telcos, by contrast, dominate mobile money in Kenya and Ghana but are struggling in Nigeria. Since 2013, mobile money accounts in Nigeria have doubled, according to GSMA, the global telco body, and by 2023, over a third of new registered and active 30-day accounts globally were from Nigeria, Ghana, and Senegal. In 2024, global mobile money transaction values grew by 15% to $227 billion, led by Sub-Saharan Africa. Nigeria’s mobile money sector is driven by both Mobile Network Operator-led and non-MNO-led providers, each with different types of licences. While these licences permit similar activities, differences in what each can offer cap growth potential. The CBN’s 2021 framework split the sector into bank-led and non-bank-led models, pushing telcos into the role of infrastructure providers. By 2018, the CBN introduced Payment Service Banks (PSBs), allowing telcos to offer limited financial services under strict rules: at least 25% of operations must target rural areas, loans are off-limits, and capital requirements are steep—₦5 billion ($3.30 million) for PSBs versus ₦2 billion ($1.32 million) for other operators. PSBs licenced so far include MTN’s MoMo, Airtel’s SmartCash, 9mobile’s 9PSB, Globacom’s Money Master, and Unified Payment’s Hope PSB. GSMA noted that “higher capital requirements and rural operation mandates” for PSBs may be a key reason telcos lag behind fintechs. It added that regulatory restrictions can reduce competition and limit the broader impact on financial inclusion. Get the best African tech newsletters in your inbox Country Afghanistan Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Bouvet Island Brazil British Antarctic Territory British Indian Ocean Territory British Virgin Islands Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Canton and Enderbury Islands Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos [Keeling] Islands Colombia Comoros Congo – Brazzaville Congo – Kinshasa Cook Islands Costa Rica Croatia Cuba Cyprus Czech Republic Côte d’Ivoire Denmark Djibouti Dominica Dominican Republic Dronning Maud Land East Germany Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories French Southern and Antarctic Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Honduras Hong Kong SAR China Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Johnston Island Jordan Kazakhstan Kenya Kiribati Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau SAR China Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Metropolitan France Mexico Micronesia Midway Islands Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar [Burma] Namibia Nauru Nepal Netherlands Netherlands Antilles Neutral Zone New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island North Korea North Vietnam Northern Mariana Islands Norway Oman Pacific Islands Trust Territory Pakistan Palau Palestinian Territories Panama Panama Canal Zone Papua New Guinea Paraguay People’s Democratic Republic of Yemen Peru Philippines Pitcairn Islands Poland Portugal Puerto Rico Qatar Romania Russia Rwanda Réunion Saint Barthélemy Saint Helena Saint Kitts and Nevis Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Saudi Arabia Senegal Serbia Serbia and Montenegro Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Korea Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syria São Tomé and Príncipe Taiwan Tajikistan Tanzania Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu U.S. Minor Outlying Islands U.S. Miscellaneous Pacific Islands U.S. Virgin Islands Uganda Ukraine Union of Soviet Socialist Republics United Arab Emirates United Kingdom United States Unknown or Invalid Region Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Wake Island Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe Åland Islands ?> Gender Male Female Others TC Daily Events TC Scoop <!– Next Wave –> <!– Entering Tech –> Subscribe Industry leaders have also argued that Nigeria’s bank-led model is slowing adoption. When the CBN announced this direction, Gbenga Adebayo, chairman of the Association of Licensed Telecommunication Operators of Nigeria (ALTON), said, “We think penetration will be slow. We are convinced that we are the industry with the ready infrastructure all over the country. If you talk about mobile penetration, the use of mobile phones for financial services, the last mile is handled by the operators.” In Kenya, telcos had a freer hand, enabling M-Pesa to become a runaway success. Airtel’s slow progress Nigeria
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