Raenest enters US market with new stablecoin and stock investing products
On Thursday, Raenest, a Nigeria-based cross-border remittance company that offers multicurrency accounts for freelancers and businesses, unveiled four new products at its annual community event, Raenest Exchange. The new suite, which includes stock investing, stablecoin conversion, and faster payouts, marks the company’s entry into the US market. “With this new launch, we have completed the ‘money loop,’ Victor Alade, the company’s CEO, told TechCabal. “Raenest has two core parts. We are connecting both money movement and saving and investing, enabling users to earn, move, and invest money seamlessly in one ecosystem.” The loudest roar at the event came when Raenest demoed its new product that allows customers to buy shares in global companies from their Naira or USD accounts. The second loudest came from Raenest Fasstrack, which links directly to Upwork accounts and shortens payout time for gig workers from days to within an hour. Raenest also introduced a stablecoin product that automatically converts crypto to fiat, but is limited to USDC and USDT. While investors will welcome the company’s expansion into the US, which now allows users to send money to American accounts, the announcement landed with a more subdued reaction from the audience. For a fintech like Raenest, which serves freelancers and remote workers, hosting a conference for its customers is not just altruistic, as it creates an organic stage for product marketing and community building. By inviting popular creators and their online communities eager to meet them offline, Raenest gets to market its products to a new audience. It also connects freelancers working in isolation, creating a network effect. “We wanted to create a space where our customers could not only learn more about our products but also connect, share knowledge, and grow together,” Alade said. “We see ourselves as more than just a payments company; we want to be partners in their growth. When our customers earn more, we grow too.” Over 1,500 people registered to attend, and at least five told TechCabal that they came either because an influencer was speaking or were invited by a Raenest customer. For Raenest, both dynamics are the perfect growth loop. “Being a purely online company, we felt the need to connect with people physically and show the human side of the brand,” Alade said. Princess Eze, a jeweller who imports from China, downloaded the Raenest app at the event and told TechCabal that she’s considering switching to Raenest from PayPal and Zelle if the app offers better exchange rates and a better experience. “It’s now a yearly event; we allocated a budget for it and even set up a dedicated community team to plan alongside our content team,” Alade said. “It’s now part of our offline engagement strategy.” The conference format also gives Raenest direct user feedback, allowing the company to collect insights into freelancers’ pain points and product preferences. Piggyvest saw similar benefits from its “OpenHouse” forums, where users could share feedback and question the founders in real time. For Raenest, that dialogue helped shape its product roadmap and made customers feel seen and heard. 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
Read MoreDigital Nomads: With no German, God’sfavour Ikwuka couldn’t land a mining job; he became a data engineer
It was a chilly winter morning in Freiberg, as God’sfavour Ikwuka sat by the window of his studio apartment, staring at the skyline he still didn’t know the German word for. He had come to Freiberg, Germany, to study mining and remediation, hoping he’d land a role in the sector. Mining is an in-demand non-tech field in Germany. Although the country now produces only about 1% of the world’s coal, it has shifted tack toward minerals and resources that support its automotive-heavy economy, particularly those needed for electric vehicles (EVs), like lithium. This transition has kept mining studies relevant, with universities like TU Bergakademie Freiberg and Clausthal University of Technology attracting students from around the world. Many courses are taught in English, though speaking German remains essential for finding mining work, since most companies and projects operate in the local language. It was February 2019—five months after Ikwuka had arrived in Freiberg for his studies—and he had yet to earn a single euro. He had come to Germany on a study visa soon after finishing college in Nigeria, making a contrarian bet on himself. An engineer, Ikwuka had a clear plan to build a career in one of three industries: oil and gas, banking, or telecoms. He was already pursuing the second path when the chance to study in Germany came. “A lot of my friends worked in telecoms and were doing alright,” said Ikwuka. “I believed I could make it in the Nigerian banking sector. I was already working at Ecobank as a graduate trainee before I left. But I had a relative in Germany who was on my neck; she kept telling me the opportunities were here [Germany] and I had to move. She gave me all the push I needed, and all I had to do was pay application fees to schools and sponsor my flight ticket.” Ikwuka applied to three German schools for his master’s. He got into TU Bergakademie Freiberg in 2018. 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Public universities across the country charge no tuition, and all he needed to show was proof that he could take care of himself while studying. There are three ways to show that proof. If an immigrant is sponsoring their studies, they must put money in a bank account, enough to cover their living and semester contributions. The second route is via scholarship. If an immigrant comes to study in Germany on a scholarship, the university takes care of all their expenses. The third route, which Ikwuka took, was sponsored by someone else. His relative, who lived in Stuttgart, Germany, at the time, filed the verpflichtungserklärung on his behalf—a declaration of financial commitment required for immigrants, usually €947 per month multiplied by the duration of their visa stay. With that, his visa application was approved, and soon after, he boarded a flight bound for Freiberg. In those days, getting a visa appointment at the German embassy in Lagos was quick. Within weeks, he had submitted his documents and secured approval. The system has since changed, and students can now wait up to 18 months for a visa date, a sign of how demand for study routes into Germany has surged in recent years. When Ikwuka arrived, life in Freiberg was slower and quieter than he expected. The
Read More7 African startups transforming health records, human resource, and home care
Startups On Our Radar spotlights African startups solving African challenges with innovation. In our previous edition, we featured seven game-changing startups pioneering health, artificial intelligence, commerce, and mobility. Expect the next dispatch on October 17, 2025. This week, we explore seven African startups in the healthcare, human resources, and e-commerce sectors and why they should be on your watchlist. Let’s dive into it: Labtracka wants to make ordering lab tests as easy as ordering food online (Healthtech, Nigeria) Labtracka is an online test booking platform that provides an infrastructure for diagnostics and connects patients to medical labs. It operates a B2C business model, where customers can order a test and choose for their samples to either be collected at their home or at a designated lab. For home sample collection, this platform sends its phlebotomist to a user’s address, who collects and transports the sample to the lab. Test results are uploaded to its platform where users can access them once available. Labtracka doubles as a lab management system (LMS) that gives labs tools to handle operations, manage data, gain insights into their operations, and attract new customers. Labtracka allows users to search for and access information about labs closest to them, including opening hours, tests offered, and cost. The starup has partnered with up to 10 laboratories in Rivers State and has up to 700 labs in its pipeline. It generates revenue through commissions from ordered tests. Why we’re watching: Labtracker differentiates itself from similar telemedicine platforms, like EzzyCare and Synlab, because of its lab information management offerings. It believes it is providing labs with tools they need to grow and scale. It is also developing “Labtracka Campaigns,” which will let governments or NGOs run region-wide testing drives, helping underserved communities access diagnostics. Dana AI wants to be the business brain behind Africa’s social commerce boom (AI, Kenya) In Africa, some small businesses conduct sales on WhatsApp and Instagram. But managing customer messages, follow-ups, and sales manually often takes time. Dana AI, developed by Kenya’s Hartford Tech, is building a system that brings order to that chaos. It’s an AI business growth partner that automates communication, marketing, and customer management for Africa’s small and growing enterprises. Currently in beta, Dana AI runs as a web platform that integrates directly with social and business tools like WhatsApp, Instagram, Facebook, HubSpot, and Salesforce. Once connected, it can chat with customers, process orders, track conversations across platforms, and update business databases automatically. It also analyses sentiment and identifies churn risks, giving business owners insights they’d otherwise miss. Users can train Dana by uploading FAQs, past conversations, or website content, and the system replies in the brand’s voice. The platform supports 17 languages, from English and French to Yoruba, Swahili, and Hausa, and comes with an autonomy toggle that lets owners decide when the AI should act independently or escalate to a human agent. Why we’re watching: Dana AI is building an automation layer specific for Africa’s informal and social-first economy. By fusing multilingual support, cross-platform intelligence, and deep local integrations like M-Pesa, it’s positioning itself as the missing link between AI innovation and Africa’s everyday commerce. 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 Helicode wants to build Africa’s operating system for global tech talent (HRTech, Nigeria) Helicode is a platform designed to find world-class talent in Africa and connect them with global opportunities.
Read MoreAs petrol prices fall, South Africa’s online retailers prepare to cash in
The oil price in rands has hit its lowest point in four years, and that could be a game changer for South Africa’s e-commerce industry, if the rand holds its ground and global oil markets stay calm. The price of Brent crude oil has dropped to around $64 a barrel, while the rand has strengthened to about R17.20 to the US dollar. At the same time, these shifts have pushed the cost of oil (in rands) to its lowest level since 2021. If this trend continues through October, petrol prices could fall in November, potentially the biggest cut in years. “The price relief is welcome. But its broader economic impact depends on how long the trend lasts and whether complementary interventions are in place,” Economist Phelisa Nkomo told TechCabal. According to the Central Energy Fund data, South African motorists could see fuel prices drop across the board next month. Petrol 93 is expected to decrease by 47 cents per litre, while Petrol 95 may fall by 45 cents. Diesel users will also benefit, with 0.05% sulphur diesel dropping by 11 cents per litre and 0.005% sulphur diesel decreasing by 10 cents. Fuel costs are cited as the biggest operational expenses for e-commerce platforms. Last-mile delivery alone accounts for up to 53% of total delivery costs. Every parcel, from Takealot’s warehouse to a customer’s door in Gqeberha, moves through a web of trucks, vans, and scooters that run on petrol or diesel. A drop of 40 to 50 cents per litre may seem small, but at scale it adds up. For a mid-sized e-commerce company making one million deliveries per month, even a 10% decrease in fuel costs could save roughly R500,000 (nearly $29 000) monthly, or R6 million (about $348 000) annually. Those savings could be reinvested in technology, marketing, or lower delivery fees to attract more customers. Dr Mike Kwet, a technology researcher and social theorist, said the link between fuel prices and e-commerce performance is clear. “Lower petrol prices generally benefit e-commerce service providers, as they make the cost of transporting products to customers cheaper,” he explained. “Whether or not that cost saving will be passed on to the consumer, or simply appropriated by the e-commerce retailer, is a question that would have to be determined with hard evidence.” South Africa’s booming e-commerce market The timing of the expected fuel price cut comes just before Black Friday and the festive season, when online traffic spikes. South Africa’s e-commerce sector is rapidly expanding and is significantly outpacing traditional retail growth, with the total online retail turnover expected to surpass R130 billion ($7.5 billion) in 2025, up from about R96 billion ($5.5 billion) in 2024. The forecasted increase in online sales for 2025 is 38%, more than ten times the growth rate of physical retail in the country for the same period. The number of South Africans regularly shopping online has reached approximately 10.4 million, a figure cited in leading industry reports for the sector’s growing penetration. Social commerce, which refers to purchases made via platforms like Instagram, TikTok, and WhatsApp, is estimated to be worth roughly R25 billion ($1.45 billion) this year. demonstrating the rising influence of social media on consumer behaviour and digital transactions. The sector now accounts for roughly 10% of total retail sales. As petrol prices ease, this growth could accelerate, especially for players heavily reliant on road freight and last-mile delivery. Delivery startups and logistics platforms For courier and delivery firms, lower petrol and diesel prices mean thinner operating costs and more flexible pricing. Players could offer lower delivery fees or expand to underserved areas where high transport costs once made deliveries unviable. Fast-delivery platforms, like Checkers Sixty60, Pick n Pay asap!, and Uber Eats, could also gain breathing room to maintain low delivery fees despite rising wage and packaging costs. In March 2024, South Africa’s minimum wage got its biggest boost since it was first introduced. Workers earning below the minimum saw a 19% pay increase, while many other low-wage earners benefited from a 27% rise. At the same time, the cost of flexible packaging, widely used in the market, went up by nearly 5% in 2024 due to rising demand and power outages affecting production costs. For startups building logistics tech such as Parcelninja, WumDrop, or Droppa, cheaper fuel enhances the economics of expanding networks, piloting micro-fulfilment hubs, and testing EV delivery vehicles without the immediate pressure of escalating fuel spend. What consumers might feel “South Africa’s dualist economy makes it difficult for millions of citizens to capture these positive gains due to being on the margins of the economy,” Nkomo noted.“Fuel prices impact the cost of basic foods like bread, milk, potatoes, and spinach because producers must move these goods from farms to markets.” While cheaper fuel could also improve consumer sentiment, the impact of the fuel price drop must be met with other concomitant economic measures because households are already choking from high debt servicing costs. “This relief, in a sense, is like taking from Paul to pay Peter,” she said. Nkomo noted that positive sentiments from one economic variable have minimal impact on consumers in the short term. The relief is experienced only if these price reductions last over a long period of time. Data from BankservAfrica, Africa’s automated clearing house, shows that transport inflation has been one of the largest drivers of cost-of-living pressures since 2022. Any relief could redirect a portion of spending toward discretionary goods like electronics, fashion, and homeware, all dominant categories online. If e-commerce players pass on even part of their savings through lower delivery fees or price promotions, it could spark a small but notable uptick in online purchasing frequency. The e-commerce and logistics ecosystem thrives on predictability, and that is the one thing the fuel market rarely offers. A sudden rand wobble or geopolitical oil shock could reverse the good news quickly. Still, if the rand stays below R17.20 and global oil remains stable, South Africa’s delivery economy could enter its most
Read MoreKeep what you pay for: The South African MVNOs offering non-expiring data
For years, South African mobile users have voiced frustration over paying for data that disappears before they can use it, a policy established by the country’s largest network providers. In 2019, the Competition Commission conducted a market inquiry into the country’s mobile data services and revealed that South Africa’s major mobile operators are among the most profitable globally, yet they cling to data expiry policies. Parliament slammed these practices as “exploitative and unconstitutional,” arguing that consumers should not lose paid-for data based on expiring timelines. The operators, MTN, Cell C, and Vodacom, continue to defend the expiry as a tool for managing network capacity and pricing models. The growing backlash has fueled demand for alternatives that give consumers more control over how and when they use their data. Mobile virtual network operators (MVNOs) have stepped into the gap, powered by the same major networks, and are gaining traction. The MVNO market has experienced explosive growth, with approximately 4.8 million active subscribers at the end of 2024, projected to reach 12 million by 2029 at an 18% annual growth rate. South Africa has a diverse MVNO landscape, where different players target specific market segments with tailored offerings. Some focus on integrating mobile services with financial products, while others build loyalty through retail rewards or lifestyle perks. While these MVNOs provide data that does not expire, there is a trade-off of slow speed. These platforms are deprioritised during peak hours, with speeds slower than traditional networks. But many users still value the cost savings and data longevity enough to remain with their chosen MVNO. Here is a list of MVNOs that offer non-expiring data. Capitec Connect Since its launch in 2022, Capitec Connect has grown with 1.6 million active users. Capitec Connect uses the Cell C network and offers data bundles that start from R4.50 for 100MB. “Capitec Connect has cheaper data and airtime, but the connection frustrations are becoming unbearable,” said Asher Ndlovu, a remote graphic designer. “ I have been with Capitec Connect for almost a year, but in most cases, the network is poor, even to receive calls.” Standard Bank Connect Standard Bank Connect, originally launched in 2018 as Standard Bank Mobile. It was rebranded in 2024 to reflect its expanded offerings and new MVNO partnership with MTN. The service blends banking and mobile connectivity in a way that rewards customer engagement, converting bank fees into airtime and offering discounts on tech accessories through partners like Dress Your Tech. Select data bundles, such as the 500MB and 1GB options, come with the added benefits that do not expire. Users can choose between two main packages: Connected Circles, which combines voice and data, and Connected Gigs, which focuses on data-only plans. “MTN daily data is very affordable, but at times I do not use all of it,” said Keneilwe Mokoena, an informal trader from Johannesburg. “Now with Standard Bank Connect, it lasts until I decide to use it. Even if it buffers, I still can use it later.” FNB Connect FNB Connect is First National Bank’s mobile offering, operating on MTN’s network with nearly 1 million active users. It’s designed to complement FNB’s digital banking ecosystem, giving users the convenience of managing mobile services alongside their finances. While it offers competitive pricMark 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 ing and integration with the FNB app, user experiences are mixed. Some customers report strong reception early on, only to face dropped calls and poor connectivity later. “I moved from Cell C to FNB Connect a month ago and had great cellphone reception for the first 2 weeks. Thereafter, the reception became so poor that I couldn’t make calls,” said Charles, a communications consultant who only gave his first name to speak freely. Spar Mobile Spar Mobile, launched in 2025 via a partnership with megsApp, another MVNO. It uses MTN’s network and offers non-expiring data with in-store rewards. Its starter pack includes 300MB of data and R10 airtime, and every qualifying Spar purchase earns more permanent data. megsApp is built around the promise that all data and airtime never expire, with bundles ranging from single-day use to long-term plans. Users can accumulate unused data indefinitely. “Since Spar Mobile uses the MTN network, I thought it would be the same in terms of speed, but it is a bit slow. The only difference is that I save a lot on data bundles. When it is slow, I just wait for a friend or wait, at least I am not losing money,” said Ayanda Zondi, a school transport driver. Pick n Pay Mobile Pick n Pay Mobile was launched in 2020 and uses the MTN network. The platform allows shoppers to buy airtime and data while doing their groceries and rewards them with extra data when they shop at Pick n Pay. In 2025, the company launched a major app update, enhanced eSIM activation, and focused its offering around flexible recharges, prepaid bundles, and exclusive grocery-linked mobile data rewards that further boost the appeal of non-expiring data plans. Trace Mobile Trace Mobile was launched in South Africa in 2015 and gained over 1.4 million subscribers within its first 18 months. Initially introduced as a Cell C-branded reseller model, Trace Mobile evolved into a fully-fledged MVNO targeting South Africa’s youth market (ages 16–35). It is a standout for offering free music streaming, live TV channels, and lifestyle rewards, which helped it scale rapidly in its early phase. “It’s perfect for streaming without stressing about data running out,” says Lisa Mthembu, a high school learner. “I can listen to music anytime, and it does not cost much, but during the peak hours, the network is slow.” Crave Connect Crave Connect, launched in 2025, operates on the MTN network via megsApp. It offers a mix of non-expiring data, digital wallet services, and loyalty rewards, including 1GB
Read MoreA solar powered hospital-on-wheels takes urgent care into Zimbabwe’s hinterlands
In Zimbabwe, over 60% of the population live in rural areas where access to healthcare is limited by distance, cost, and infrastructure deficit. People walk 15 to 20 kilometers to reach the nearest clinic, often delaying care until it’s too late. Chiedza Mushawedu, co-founder and executive director of ZimbosAbantu Healthcare on Wheels, witnessed these challenges while working for a private hospital in 2016. “We were seeing preventable deaths from treatable conditions, mothers giving birth at home without skilled assistance, and people living with undiagnosed chronic illnesses simply because care was out of reach,” Chiedza explains. In 2021, Chiedza founded ZimbosAbantu to improve healthcare access in these communities. By repurposing vans into solar-powered, tech-enabled mobile clinics, the startup brings healthcare directly to those who need it most. Chiedza says her team has cut walking distances from an average of 15 kilometers to just three, making early diagnosis and treatment possible right where people live. Chiedza Mushawedu, co-founder and executive director of ZimbosAbantu Healthcare on WheelsImage Source: Bayer Foundation Care on wheels ZimbosAbantu currently operates ten mobile clinics, each strategically deployed to reach communities with the greatest need. According to Chiedza, each clinic is a fully equipped unit built to operate in off-grid areas. The clinics are powered by solar panels with battery backups, fitted with refrigeration for vaccines and medicines, and include a compact diagnostic lab called HealthCube, a portable device that performs over a dozen essential tests including blood glucose, hemoglobin, and malaria. Chiedza explained that getting a clinic operational requires a combination of resources, infrastructure, and people. Each unit costs about US$120,000 to set up, she said. The units provide primary healthcare, maternal and child services, dental and eye care, immunizations, HIV testing, and NCD screenings for hypertension and diabetes. “We prioritised services that address the most common community health needs while remaining cost-effective and portable,” Chiedza said. For more complex cases, patients are referred to partner hospitals under the supervision of the Ministry of Health and Child Care. The patient experience Patients first engage with community health mobilisers who serve as ambassadors, receiving basic health education and on-spot blood pressure checks. Once they arrive at the clinic, they’re registered digitally. “We build a digital health record for every patient, something many are experiencing for the first time,” Chiedza says. The data helps track chronic illnesses like diabetes and hypertension, enabling continuity of care even when the clinic moves to another location. Next, the patient moves to triage, where vitals are checked. From there, they’re directed to the consultation area, where a nurse or doctor conducts an assessment and offers a diagnosis. If medication is required, they receive it immediately from the solar-powered pharmacy fridge or dispensary, and if necessary, a follow-up visit is scheduled during the next mobile clinic visit. The vans are designed with accessibility in mind, featuring ramps for people with disabilities, private consultation spaces and staff trained on gender sensitivity. On an average day, each van serves between 18 and 25 patients, maintaining quality while ensuring reach. “Our goal is to bring healthcare within one kilometer of every household in the communities we serve,” Chiedza notes. Beyond patient numbers, ZimbosAbantu measures its impact through a robust data-driven system that tracks 18 core health metrics daily, weekly, monthly, or annually. These indicators span the full HIV and NCD cascade, from preventive health and screening to chronic care and palliative support. “We don’t just count patients; we track outcomes,” Chiedza explains. “Our data allows us to understand trends in maternal health, vaccination coverage, chronic disease management, and behavior change around sexual and reproductive health.” 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
Read More👨🏿🚀TechCabal Daily – Nigeria enters its PoS monogamy era
In partnership with Lire en Français اقرأ هذا باللغة العربية Happy mid-week. If you’re a PoS operator in Nigeria and your hustle still has side chicks, the Central Bank just said it’s time for you to pick one. Meanwhile, Kenya wants startups to get a slice of corporate CSR money, and M-KOPA’s finally turning a profit. Plus, our sister newsletter The Next Wave: Francophone Africa just dropped a brilliant deep dive on InstaDeep, Tunisia’s $700 million AI success story. Read it here. In other news, it’s now only one week to Moonshot; get your tickets here. Let’s get into today’s dispatch. CBN limits one MoMo operator to one agent Patience in business: An M-KOPA masterclass Starlink wants to splurge $145 million in South Africa Kenya wants big companies to play VCs World Wide Web 3 Events Regulation CBN’s new rule: One PoS agent, one operator Point of sales mobile agents line a busy market street in Island area of Lagos. Image: Damilola Onafuwa/Bloomberg Nigeria’s agent banking sector is getting a major change, thanks to new rules from the Central Bank (CBN). From April 2026, every point of sale (PoS) agent must choose—and stick with—one operator. In practice, this means agents will no longer be allowed to use multiple machines from providers like OPay, PalmPay, Moniepoint, or bank-issued platforms. Why is the regulator doing this? The CBN says it wants to improve service quality and bring order to a fast-growing sector. Nigeria has over 5 million active PoS terminals that processed $7.15 billion in transactions in Q1 2025. What does this new rule mean? Banks and fintechs will now enter a battle for an agent’s loyalty, following the new exclusivity rule, which could lead to better services and incentives for agents. However, the policy also limits agents’ flexibility and may drive up their operational costs. Ultimately, that pressure will be passed down to customers, resulting in higher transaction charges as agents try to offset reduced earning potential. More rules. The new guidelines also introduce significant changes like the geo-tagging of all PoS machines, which will lock them to a specific location, and a daily withdrawal limit of ₦1.2 million ($816.18) for each agent. Zoom out: This exclusivity is a trade-off between the flexible convenience Nigerians enjoy with PoS agents for the promise of a more structured and regulated banking system. Whether it restores order or simply breaks the multi-operator model remains to be seen. eCommerce Without Borders: Get Paid Faster Worldwide Whether you sell in Lagos or Nairobi, customers want local ways to pay. Let shoppers check out in their local currency, using cards, bank transfers, or mobile money. Set up seamless payments for your global online store with Fincra today. Startups M-KOPA turns the corner, becoming profitable for the first time in more than 10 years Image Source: M-KOPA After years of incurring heavy losses, M-KOPA has finally turned a profit. The Kenyan pay-as-you-go (PAYGO) pioneer posted a profit of KES 1.2 billion ($9.2 million) in 2024, rebounding from a KES 3.2 billion ($25 million) loss the previous year as revenue increased 66% to KES 53.7 billion ($416 million). State of play: The turnaround marks a key milestone for one of Africa’s most closely watched startups, which has long been seen as a test case for the continent’s asset-financing model. Founded in 2011 to sell solar systems on credit to low-income households, M-KOPA has evolved into a digital finance platform offering smartphones, cash loans, and insurance to millions across Kenya, Uganda, Nigeria, and Ghana. Between the lines: The milestone comes at a time when investors are demanding clearer paths to profitability from African startups. The funding boom that once flooded fintechs has cooled, and companies that can demonstrate self-sustaining models are standing out. Since 2022, the company has focused on smartphone financing, partnering with manufacturers such as Samsung and Nokia to offer pay-as-you-go devices. It has also established an assembly plant in Nairobi. Paga is in USA Big news! Paga is now live in the United States, with digital banking services designed for Africa’s diaspora! Eligible users can send, pay, and bank in US Dollars & Naira, safe, regulated, and borderless. Learn more. Internet Starlink promises over $145 million to enter South Africa Image Source: Google After what seemed like a media hiatus, Starlink, the Elon Musk-owned satellite internet company, is back singing a tune we are all familiar with. The company says it is ready (again) to enter South Africa and is willing to play by the country’s rules to do that. But this time, Starlink went a step further. It revealed its $145 million plan: it wants to comply with local empowerment laws (is this what we’re thinking, Elon?), invest in local infrastructure, work with the National Sea Rescue Institute to equip rescue vessels, and provide free internet for 5,000 schools. Between the lines: The satellite internet provider wants to work through local partners rather than go solo, by hiring South African internet service providers (ISPs) for installation, maintenance, and resale of its product in the country. The company is also looking to base parts of its global network infrastructure in the country to achieve its goal of making South Africa a regional hub for its operations. Why this turnaround? For months, Starlink’s entry into South Africa stalled over local ownership rules that required foreign telecoms to sell equity—something Starlink refused to do. Starlink’s stance changed when regulators proposed an entry consideration for foreign firms through equity equivalence. This meant that instead of selling part of its shares, it would invest in projects that advance local empowerment, such as connecting 5,000 schools and investing in local infrastructure. Zoom out: For all of Starlink’s enthusiasm in the market, South African lawmakers are still having second thoughts about the equity equivalence pathway, citing it would undermine the Broad-based Black Economic Empowerment (BBEE) system, which has existed for years, and this has stalled entry plans for Musk’s company. Paystack introduces Pay with Bank Transfer in Ghana WithGhanaian businesses can now
Read MoreYour PoS agent has to pick a side, and it could change how you access cash
Ibukun Abolarinwa, the point of service (PoS) agent in front of my house at Ojodu Berger, knows my UBA Verve card by heart. He knows that any transaction I make with my card on his MoniePoint terminal will eventually fail. Without a word, he reaches for another one from his small rainbow of PoS machines—OPay, Nomba, PalmPay, and a Wema Bank terminal—until the transaction finally goes through. It is a quiet, unspoken understanding that has kept our interactions smooth for years. That delicate dance is about to end. A new policy by Nigeria’s Central Bank (CBN) will soon force Ibukun to pick a side. By April 2026, every PoS agent must work exclusively with one financial institution. No more juggling multiple machines to beat network issues or card incompatibilities. For customers like me who rely on this patchwork system to access cash and make transfers, it feels more like a disruption waiting to happen. Everything changes Under the new CBN guidelines, each PoS agent will not only have to choose one operator but also operate under tighter controls. Machines will be geo-tagged and locked to specific locations, preventing agents from moving them around freely. Daily withdrawal limits will be capped at ₦1.2 million ($816). The policy is part of a sweeping effort to sanitise Nigeria’s fast-growing agent banking ecosystem and improve transparency. The regulator says it aims to “strengthen the enabling environment for offering safe financial services to the underbanked and remote areas.” The logic makes sense. Nigeria’s 2 million PoS agents processed about ₦10.51 trillion ($7 billion) in transactions in the first quarter of 2025 alone, according to the Nigeria Inter-Bank Settlement System (NIBSS). In this vast and informal network, issues such as fraud, transaction disputes, and poor traceability have become significant concerns for the regulator. However, the convenience of this informal structure has held together Nigeria’s fragile financial access story. And that’s where the tension now lies. 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 How agents really work PoS agents like Ibukun have built their business models around flexibility. He tells me that MoniePoint “removes more charges than PalmPay,” so he switches between the two depending on transaction type and network reliability. On good days, he earns between ₦90,000 and ₦360,000 ($61 to $245) a month—not bad for a business that runs on small commissions and trust. When the transaction limit for one machine is exhausted, he simply picks up another. When one network goes down, he switches to another. That convenience is how agents stay afloat in a system where network downtime is routine and cash demands can spike without warning. The new policy hasn’t gone down well with some PoS agents. Chinyere, who operates on Lagos Island, one of Lagos’s busiest commercial hubs, said she uses multiple platforms to stay active during network failures. She fears being limited to one operator will disrupt her business, a concern shared by many others. Obinna, a PoS agent in the Surulere area of Lagos, is skeptical about the new directive. “I don’t take CBN seriously,” he said. “Nigerian policy lasts only at the time they announce it. I don’t take it seriously.” He added that despite existing withdrawal limits, he can still process cash withdrawals of over ₦100,000 without issues. Abdul of FEDAMS Technology, a PoS shop at Ojodu, a suburb of Lagos, said withdrawals made over the daily limit
Read MoreAll you need to know about Xiaomi’s Redmi 15
Xiaomi has launched its latest smartphones, the Xiaomi 15T and the REDMI 15 in Nigeria. In terms of use, the Xiaomi 15T would appeal more to the photography pros and power users, the Redmi 15 is built for everyday life. Here’s a breakdown of what the Redmi 15 offers. Price and Availability The Redmi 15 provides great value, and its price reflects that. Here’s what it costs in different regions: Nigeria: ₦186,400.00 (for the 6GB RAM + 128GB storage version) Kenya: KES 30,000 (approximate price) South Africa: ZAR 2,499.90 You can also get it in a larger 8GB+256GB storage version if you need more space for your apps, photos, and videos. It comes in three colours: classic Midnight Black, sleek Titan Gray, and trendy Sandy Purple. Key Features at a Glance 1. A Massive Battery That Lasts for Days This is the phone’s biggest selling point. The 7000mAh battery is one of the largest you can find in a smartphone. This means you can easily go a full day or two of normal use; watching videos, browsing social media, and making calls, without worrying about finding a charger. This is a huge advantage for places that have unpredictable power supply. 2. Big, Immersive Display for Entertainment The Redmi 15 features a large 6.9-inch FHD+ screen. Whether you’re binge-watching your favourite series, attending online classes, or scrolling through social media, the big, vibrant display makes everything more enjoyable. 3. Reliable Performance for Everyday Tasks Powered by the Snapdragon 685 processor, the phone handles everyday tasks smoothly. It’s great for browsing the web, using social media apps, light gaming, and streaming videos. It won’t lag or slow you down during normal use. 4. Charges Fast Despite the Big Battery You might think a 7000mAh battery would take forever to charge, but it supports 33W Fast Charging. This means you can get a significant amount of power back in a short time, so you spend less time with your phone plugged into a power outlet. 5. A Sharp Camera for Your Memories The 50MP AI Dual Camera system ensures you can capture clear and detailed photos. The AI helps optimize your shots, so whether you’re taking pictures of friends, family, or a beautiful sunset, you can expect great results for sharing on social media or keeping as memories. Who Is This Phone For? The Redmi 15 is the ideal phone if you: Hate charging your phone every day. Love watching videos and playing games on a big screen. Want a reliable device for calls, messages, and everyday apps. Need a good camera for clear, everyday photos. Are on a budget but don’t want to compromise on key features. In short, the Redmi 15 proves that you don’t need to spend a fortune to get a powerful and dependable smartphone. It delivers where it counts most: battery life, display size, and overall value.
Read MoreKenya’s landmark crypto bill now awaits Ruto’s assent to become law
Kenya is on the verge of introducing its first cryptocurrency law after its Parliament passed the Virtual Asset Service Providers (VASP) Bill, 2025, at its third reading on Tuesday. The legislation, which now awaits President William Ruto’s assent to become law, could make Kenya one of Africa’s first nations with a clear rulebook for digital assets. First introduced in 2024, the bill establishes the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) as joint regulators of digital assets. The Treasury Cabinet Secretary will have powers to issue detailed rules on stablecoins, tokenisation of real-world assets, trading platforms, capital and solvency standards, and anti-money laundering compliance. The passage follows months of committee-stage debate and public consultation. Attorney General Dorcas Oduor is now preparing the final draft for presidential assent. Lawmakers said the version approved in the third reading includes new compliance and licencing clauses, though the updated text has not been released publicly. The legislation’s passage positions Kenya to introduce one of Africa’s most structured virtual-asset regimes, with clear capital, solvency, and consumer-protection requirements for service providers. It will open a formal licencing pathway for local and foreign crypto startups already active in the market, including Luno, Busha, KotaniPay, Fonbnk, Swypt, and Binance. “With Parliament’s passage of the VASP Bill, Kenya is one signature away from making regulatory history,” said Chebet Kipingor, business operations manager for Busha Kenya, a subsidiary of the Nigerian-based crypto startup. “It’s a signal that Africa’s most innovative economy is ready to balance innovation with consumer protection, and that progress, not fear, will guide our digital future.” Yet the extent of regulatory benchmarks and capital thresholds will determine if these startups can remain competitive in the market. The timing of the bill also carries broader implications. Kenya’s government is under pressure to strengthen financial oversight as part of efforts to exit the Financial Action Task Force (FATF) greylist and meet revenue-raising and fiscal targets tied to its IMF extended fund facility (EFF), which was cancelled in March, according to an industry insider who spoke on the condition of anonymity. The real test will come in the Treasury’s sub-regulations; how it defines capital adequacy, custody, and disclosure for startups, will determine whether Kenya emerges as Africa’s preferred economy for digital asset service providers or risks pushing them offshore. President Ruto is expected to receive the final bill within weeks, setting the stage for Kenya’s first comprehensive crypto law. 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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