Commerce & Mobility Archives - Tech | Business | Economy https://techeconomy.ng/category/business/commerce-mobility/ Tech | Business | Economy Wed, 15 Jul 2026 13:59:31 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.1 https://techeconomy.ng/wp-content/uploads/2026/02/cropped-techeconomy-logo-32x32.jpeg Commerce & Mobility Archives - Tech | Business | Economy https://techeconomy.ng/category/business/commerce-mobility/ 32 32 inDrive Expands Driver Support with Healthcare Coverage for 500 Drivers https://techeconomy.ng/indrive-expands-driver-support-with-healthcare-coverage-for-500-drivers/ https://techeconomy.ng/indrive-expands-driver-support-with-healthcare-coverage-for-500-drivers/#respond Tue, 14 Jul 2026 19:10:18 +0000 https://techeconomy.ng/?p=185320 …and their Families through Heala inDrive, a global mobility and urban services platform, has taken a bold step in advancing driver welfare by providing healthcare coverage for 500 drivers and their families through a partnership with Heala. This partnership signals a shift toward more accessible, technology-driven healthcare that meets people where they are. Beyond supporting […]

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…and their Families through Heala

inDrive, a global mobility and urban services platform, has taken a bold step in advancing driver welfare by providing healthcare coverage for 500 drivers and their families through a partnership with Heala.

This partnership signals a shift toward more accessible, technology-driven healthcare that meets people where they are. Beyond supporting the drivers directly, there is an inclusion of family coverage, which provides an added layer of reassurance, preventing the drivers from being preoccupied with concerns about how their loved ones would access care

Through Heala’s platform, drivers and their families can access medical support without the need to first visit the hospital, reducing the time and inconvenience often associated with seeking care. By bringing healthcare closer to drivers and fitting it into their daily routines, Heala is helping ensure that staying healthy does not come at the expense of earning a living.

Commenting on the initiative, Timothy Oladimeji, the country manager, inDrive Nigeria, noted that the initiative aligns with inDrive’s broader mission of challenging injustice by addressing one of the everyday challenges faced by drivers.

Oladimeji added that by reducing barriers to healthcare access, the company is helping drivers remain healthy, productive, and better able to support their families.

“At inDrive, our drivers are at the heart of everything we do. We recognise that long hours on the road can make it difficult to prioritise personal health, yet their wellbeing is essential to their livelihoods and the communities they serve.

Through our partnership with Heala, we are providing access to healthcare for 500 drivers and their families, giving them greater peace of mind and ensuring they can access medical support when they need it.

This initiative reflects our commitment to building a fairer and more supportive mobility ecosystem where drivers are empowered not only economically but also through initiatives that improve their quality of life,” he said.

Anderson Oriahi, CEO/Co-founder of Heala, added,

“Through our partnership with inDrive, we are bringing healthcare closer to the people who keep cities moving every day. Drivers often work long hours and rarely have the time to navigate traditional healthcare systems.”

By extending healthcare coverage to hundreds of drivers, inDrive is demonstrating what responsible corporate leadership can look like in practice.

The partnership with Heala enables the beneficiaries to access healthcare services more easily, helping them stay healthy, productive and better equipped.

Beyond its immediate impact, the initiative sends a powerful message about the future of driver support.

As businesses increasingly explore ways to create meaningful value for their stakeholders, inDrive’s investment in healthcare stands as an example of how organisations can make a measurable difference in people’s lives.

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Digital Infrastructure Holds the Key to Nigeria’s Industrialisation, Says NITDA https://techeconomy.ng/digital-infrastructure-holds-the-key-to-nigerias-industrialisation-says-nitda/ https://techeconomy.ng/digital-infrastructure-holds-the-key-to-nigerias-industrialisation-says-nitda/#respond Tue, 14 Jul 2026 19:23:50 +0000 https://techeconomy.ng/?p=185322 For decades, conversations about Nigeria’s infrastructure have centred on roads, bridges, railways and power plants. But as economies become increasingly digital, another form of infrastructure is emerging as just as critical, one that is less visible but equally vital: digital infrastructure. The National Information Technology Development Agency (NITDA) believes Nigeria cannot achieve meaningful industrialisation without […]

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For decades, conversations about Nigeria’s infrastructure have centred on roads, bridges, railways and power plants.

But as economies become increasingly digital, another form of infrastructure is emerging as just as critical, one that is less visible but equally vital: digital infrastructure.

The National Information Technology Development Agency (NITDA) believes Nigeria cannot achieve meaningful industrialisation without it.

Speaking at the maiden edition of the Nigeria Infrastructure Conference (INFRACON 2026) in Abuja, NITDA’s Director General, Kashifu Inuwa, made a strong case for placing digital infrastructure at the heart of the country’s economic transformation strategy.

The conference, organised by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) under the theme “Mobilising Private Capital for Sustainable Infrastructure Development in Nigeria,” brought together policymakers, investors and industry leaders to explore ways of closing Nigeria’s infrastructure gap.

For Inuwa, however, the conversation should extend beyond concrete and steel.

He argued that while roads, ports and power remain indispensable, they must increasingly work alongside broadband networks, cloud infrastructure, data centres, digital platforms and smart technologies to create an economy capable of competing globally.

According to him, technology has become one of the most powerful drivers of economic growth, making investment in digital infrastructure no longer optional but a strategic necessity for Nigeria’s industrial ambitions.

His remarks reinforce NITDA’s broader vision of positioning technology not merely as a supporting tool but as the backbone of Nigeria’s industrial and economic future.

“We cannot talk about infrastructure without digital infrastructure.  All organisations and industries are becoming digital. Our technology is becoming increasingly integrated. So, there is a need to integrate digital in the conventional infrastructure we are building’’, Inuwa said.

He commended the federal government for supporting the organised private sector in the renewed campaign to redouble Nigeria’s infrastructure assets.

The NITDA DG assured that the agency is open to partnering with NACCIMA and other stakeholders to bolster the federal government’s public-private partnership (PPP) initiative.

“The government has initiated Public-Private Partnerships (PPPs) for the private sector to be part of building the infrastructure.

“NITDA will support you to work with the government in building the digital infrastructure. We are already working with NACCIMA on how to digitise its infrastructure,’’ he added.

In his welcome address, Engr. Jani Ibrahim, the president of NACCIMA, told participants that INFRACON 2026 is conceived to serve as Nigeria’s foremost platform for mobilising private capital, innovative ideas, and strategic partnerships for infrastructure development.

Ibrahim urged participants to approach the conference with a spirit of partnership, innovation, and action, adding that NACCIMA is taking urgent measures to identify committed partners, promote investment-ready opportunities, and monitor progress towards achieving the national economic target in the next few years.

He announced that this year’s conference focuses on priority areas, including power and electricity, maritime and blue economy, digital economy and digital infrastructure, infrastructure for increased national productivity, and infrastructure for industrialisation and export growth.

While appreciating the conference participants and sponsors, the president promised that NACCIMA is ready to walk with all stakeholders to position Nigeria as Africa’s preferred destination for digital investment.

“Together, we can mobilise the capital, build the infrastructure that powers industrialisation, expand exports, create jobs and deliver sustainable prosperity. Together, we can build the foundation for Nigeria’s one trillion-dollar economy’’, he stated.

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Lagos Inks Deal to Fully Automate MVAA, LSBTC and LASAA https://techeconomy.ng/lagos-inks-deal-to-fully-automate-mvaa-lsbtc-and-lasaa/ https://techeconomy.ng/lagos-inks-deal-to-fully-automate-mvaa-lsbtc-and-lasaa/#respond Mon, 13 Jul 2026 12:35:48 +0000 https://techeconomy.ng/?p=185230 | By: Francis Onyemachi The Lagos State Government has signed four major public-private partnership (PPP) concession agreements covering healthcare, transportation, digital governance and outdoor advertising, in a move aimed at improving public service delivery through private sector investment. The agreements were signed at a ceremony coordinated by the Office of Public-Private Partnerships in collaboration with […]

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| By: Francis Onyemachi

The Lagos State Government has signed four major public-private partnership (PPP) concession agreements covering healthcare, transportation, digital governance and outdoor advertising, in a move aimed at improving public service delivery through private sector investment.

The agreements were signed at a ceremony coordinated by the Office of Public-Private Partnerships in collaboration with the Ministries of Health, Transportation, Justice, Environment and Water Resources, alongside the Motor Vehicle Administration Agency (MVAA), Lagos State Blood Transfusion Committee (LSBTC) and the Lagos State Signage and Advertisement Agency (LASAA).

An essential project is the development of MyLagosApp, a unified digital platform designed to give residents and visitors easier access to government services.

Under a 10-year concession agreement, LA Crème Nigeria Limited, with technical support from MTN Nigeria, will design, finance, build, operate, maintain and eventually transfer the platform to the state government.

The mobile application will provide access to a range of government services, including payments, traffic updates, emergency support, business information and tourism resources through a single platform.

Speaking at the signing ceremony, the Special Adviser to the Governor on Public-Private Partnerships, Mrs Bukola Odoe, said the projects reflect the state’s commitment to using strategic partnerships to improve the daily lives of residents.

Government is at its best when it is practical – when policy leaves the boardroom and shows up in the hospital ward, at the licensing office, on the commuter’s phone and along the streets of our city,” she said.

In the transport sector, the Lagos State Government signed a 20-year concession agreement with Anchor Advisory Partners to automate the operations of the Lagos State Motor Vehicle Administration Agency (MVAA).

The project will digitise vehicle registration, licensing and other related services through an integrated platform aimed at improving service delivery, regulatory oversight and revenue administration.

Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, said the agreement reflects the government’s commitment to modernising public services through technology.

He commended all stakeholders involved in the project and expressed confidence that residents would begin to benefit as implementation progresses.

The state also signed concession agreements with five private firms to establish a standardised blood screening and certification system across five public hospitals.

The hospitals are Ikorodu General Hospital, Alimosho General Hospital, Gbagada General Hospital, Lagos State University Teaching Hospital and Lagos Island General Hospital.

According to the state government, the project will deploy fully automated chemiluminescence technology that meets World Health Organisation standards. Swiss healthcare company Roche will provide the diagnostic technology, maintenance and quality assurance services.

The agreements form part of Lagos State’s broader strategy to expand private sector participation in critical infrastructure and improve access to efficient public services through technology-driven solutions.

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Interswitch Executive Urges Faster Digital Trade Integration under AfCFTA https://techeconomy.ng/interswitch-executive-urges-faster-digital-trade-integration-under-afcfta/ https://techeconomy.ng/interswitch-executive-urges-faster-digital-trade-integration-under-afcfta/#respond Sun, 05 Jul 2026 20:31:26 +0000 https://techeconomy.ng/?p=184845 Interswitch has called for interoperable payment systems, trusted digital identity frameworks and stronger digital infrastructure as critical enablers of seamless cross-border trade and inclusive economic growth under the African Continental Free Trade Area. The call was made by Vincent Ogbunude, Managing Director, Interswitch Payment Tokens (Verve International) during the AfCFTA Digital Trade Forum (ADTF) 2026, […]

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Interswitch has called for interoperable payment systems, trusted digital identity frameworks and stronger digital infrastructure as critical enablers of seamless cross-border trade and inclusive economic growth under the African Continental Free Trade Area.

The call was made by Vincent Ogbunude, Managing Director, Interswitch Payment Tokens (Verve International) during the AfCFTA Digital Trade Forum (ADTF) 2026, which held from July 1st to 2nd at the National Arts Theatre in Lagos, where Interswitch participated as a key sponsor, reaffirming its commitment to advancing seamless cross-border commerce, regional integration and inclusive economic growth through technology and innovation.

Organised under the theme, “Digital Trade for a Connected African Market,” the two-day forum convened policymakers, regulators, technology leaders, investors, development partners and private sector stakeholders from across Africa to accelerate implementation of the AfCFTA Digital Trade Protocol and strengthen the continent’s digital economy.

As a key participant, Interswitch contributed to high-level policy conversations, hosted a networking mixer for industry stakeholders and showcased innovative payment solutions at its exhibition booth. The company demonstrated how technology can simplify cross-border commerce and enable the seamless movement of value across African markets.

Speaking during the plenary session titled The Digital Backbone: Building Digital Public Infrastructure for an Inclusive AfCFTA Market, Ogbunude identified four major barriers slowing the development of a truly integrated African payments ecosystem including fragmented standards across jurisdictions, digital identity and Know Your Customer (KYC) challenges that weaken trust, foreign exchange and settlement complexities, and limited payment acceptance infrastructure.

He noted that overcoming these barriers will require sustained collaboration among governments, regulators, financial institutions and technology providers to build interoperable digital infrastructure capable of supporting the scale and ambition of the AfCFTA.

“Africa’s digital trade ambitions will only be fully realised when moving money across borders becomes as seamless as moving information. Achieving that future requires interoperable payment systems, trusted digital identities, harmonised standards and stronger collaboration across the public and private sectors. At Interswitch, we remain committed to building the digital infrastructure and partnerships that make cross-border commerce simpler, faster and more inclusive for businesses and consumers across the continent,” Ogbunude said.

The Forum also featured remarks by Dr. Jumoke Oduwole, Honourable Minister for Industry, Trade and Investment, and the Co-Champion of the AfCFTA Digital Trade Forum, who emphasised the transformative role of digital trade in unlocking Africa’s economic potential.

She called for stronger collaboration among governments, regulators and the private sector to build the policy frameworks, infrastructure and partnerships required to create a trusted, inclusive and digitally connected continental marketplace.

The discussions reinforced a growing consensus that interoperable payment systems, trusted digital identities and resilient Digital Public Infrastructure (DPI) will be indispensable to accelerating intra-African trade and realising the promise of the AfCFTA Digital Trade Protocol.

These priorities closely align with Interswitch Group’s mission of enabling the seamless exchange of value across Africa. For more than two decades, the company has remained at the forefront of building payment infrastructure that powers commerce, expands financial inclusion and accelerates digital transformation across multiple African markets.

As Africa moves towards a more connected and digitally integrated economy, Interswitch remains committed to collaborating with governments, regulators and ecosystem partners to remove barriers to cross-border trade and strengthen the trusted infrastructure that underpins commerce, innovation and inclusive growth.

Through strategic partnerships, policy engagement and technology-driven innovation, the company continues to help shape a future where businesses and consumers can participate confidently in a truly integrated African marketplace.

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AfCFTA to Build Unified Digital Trade Platform on Nigerian Customs Technology https://techeconomy.ng/afcfta-to-build-unified-digital-trade-platform-on-nigerian-customs-technology/ https://techeconomy.ng/afcfta-to-build-unified-digital-trade-platform-on-nigerian-customs-technology/#respond Thu, 02 Jul 2026 18:28:48 +0000 https://techeconomy.ng/?p=184762 | By: Francis Onyemachi The African Continental Free Trade Area Secretariat has signed a Memorandum of Understanding with Bergmans Security Consultant and Supplies Limited to implement the AfCFTA Customs Modernisation Projec. Bashir Adeniyi, comptroller-general of the Nigeria Customs Service (NCS), who spoke at the MoU signing in Lagos, said the agreement is a way forward […]

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| By: Francis Onyemachi

The African Continental Free Trade Area Secretariat has signed a Memorandum of Understanding with Bergmans Security Consultant and Supplies Limited to implement the AfCFTA Customs Modernisation Projec.

Bashir Adeniyi, comptroller-general of the Nigeria Customs Service (NCS), who spoke at the MoU signing in Lagos, said the agreement is a way forward in accelerating intra-African trade under AfCFTA.

“In Nigeria, we moved from Automated System for Customs Data (ASYCUDA) to NICIS and now to B’Odogwu, our indigenous customs processing platform. Other countries such as Ghana, Cameroon, Uganda and Morocco operate different systems. What this agreement will achieve is interoperability, allowing these systems to communicate seamlessly,” Adeniyi said.

Adeniyi explained that African countries currently operate different customs management systems, making cross-border trade unnecessarily complex.

In his words, customs declarations made in one African country would be recognised and processed electronically in another once the agreement is implemented.

He added that successful implementation will help eliminate duplication and reduce delays at border crossings.

If you make a declaration in Ghana, it should not be difficult for the Nigerian Customs system to process it as an import. This is what the agreement means, and it is truly historic,” Adeniyi said.

The Comptroller-General explained that the absence of digital integration among customs administrations has been a huge bottleneck despite decades of trade facilitation efforts.

For Wamkele Mene, secretary-general of the AfCFTA Secretariat, the initiative is in line with AfCFTA’s goal of simplifying trade for African businesses, especially small and medium-sized enterprises.

Mene explained that AfCFTA has closely followed the customs modernisation initiative by the Nigeria Customs Service and considers it suitable for continental adoption.

“We have been observing the excellent work done in Nigeria in digitising customs operations, improving revenue collection and modernising border management. The continent has much to gain from this model,” Mene said.

According to him, “We want to create a continental customs system where economic operators can move goods efficiently across borders. This partnership with Bergmans Security will help us realise that vision.”

The Secretary-General said successful implementation of the initiative across the continent would have the greatest impact on SMEs, informal traders and smallholder farmers while reducing the costs associated with border delays.

“When businesses can clear goods quickly, affordably and efficiently, they benefit directly. That is the promise of digital customs.”

He cited the Ghana-Togo border as an example where one-stop border posts exist physically but still lack digital interoperability, forcing traders to undergo multiple customs procedures.

Meanwhile, Adeniyi, speaking on revenue generation, said simplifying border procedures would help boost government earnings. He also noted that the platform would integrate smoothly with Nigeria’s ongoing National Single Window initiative and similar digital trade systems being introduced across Africa.

“If we get trade facilitation right, we reduce delays, lower the cost and time of doing business, and businesses will clear more goods faster. Ultimately, higher trade volumes will translate into increased customs revenue,” he said.

For successful implementation, Adeniyi said the partnership will focus on deploying the platform, building awareness among stakeholders and training customs personnel across participating countries.

Bergmans Security Consultants and Supplies Limited, speaking on the agreement, said it represents the export of a homegrown Nigerian technology to the rest of Africa.

Saleh Ahmadu, Chairman of BSCS, said the company has spent the last five years developing and deploying customs technology in Nigeria, proving that locally developed solutions can address Africa’s trade challenges.

He urged stakeholders to support local talent and the development of homegrown solutions that can serve the world.

“Our system was built in Nigeria, for Africa. AfCFTA evaluated different international solutions but found that our platform was better suited to African realities.

“The goal is to build one African customs platform that allows customs administrations to work together seamlessly,” he said.

He added that implementation would begin with at least six African countries before expanding across the continent.

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Konga Partners Klump to Introduce Buy Now, Pay Later Shopping https://techeconomy.ng/konga-partners-klump-to-introduce-buy-now-pay-later-shopping/ https://techeconomy.ng/konga-partners-klump-to-introduce-buy-now-pay-later-shopping/#respond Thu, 02 Jul 2026 07:09:25 +0000 https://techeconomy.ng/?p=184681 As Nigerians continue to seek smarter ways to manage household and business expenses, Konga has taken another significant step towards making premium products more accessible by partnering with Klump, one of Nigeria’s leading Buy Now, Pay Later (BNPL) platforms. The partnership gives customers greater payment flexibility by allowing them to spread the cost of eligible […]

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As Nigerians continue to seek smarter ways to manage household and business expenses, Konga has taken another significant step towards making premium products more accessible by partnering with Klump, one of Nigeria’s leading Buy Now, Pay Later (BNPL) platforms.

The partnership gives customers greater payment flexibility by allowing them to spread the cost of eligible purchases over convenient monthly installments through Klump’s network of lending partners. Depending on the selected lender and the customer’s eligibility, repayment terms, upfront payment requirements, and loan tenure may vary.

The integration reflects Konga’s continued commitment to delivering innovative, customer-focused shopping solutions that remove financial barriers while providing convenient access to authentic products.

With the new payment option, shoppers no longer have to postpone important purchases because they cannot pay the full amount immediately.

Whether it is a smartphone, laptop, television, refrigerator, home appliance, office equipment, or other essential products, customers can now access flexible financing options that make it easier to buy what they need while managing their cash flow responsibly.

How it works

Using the service is simple:

  • Shop your favourite products on Konga.
  • Select Klump Buy Now, Pay Later at checkout.
  • Choose a preferred lending partner and complete a quick eligibility check.
  • Make any required upfront payment, where applicable.
  • Complete your purchase and pay the balance over time through convenient monthly installments.

Since Klump works with multiple lending partners, customers can choose from different financing providers, each offering its own loan amounts, repayment periods, interest rates, and eligibility criteria. Loan approval is determined by the selected lending partner following a credit assessment.

The collaboration comes at a time when flexible payment solutions are becoming increasingly important in Nigeria’s evolving retail landscape. Rather than delay purchases or compromise on quality, consumers can now shop authentic products on Konga while selecting a financing option that best suits their needs.

Industry observers note that Buy Now, Pay Later solutions have become one of the fastest-growing payment innovations globally, helping consumers balance immediate needs with responsible financial planning.

By integrating Klump into its platform, Konga joins a growing number of forward-looking retailers adopting flexible payment models to enhance the customer experience.

Beyond convenience, the partnership reinforces Konga’s broader strategy of continuously expanding its commerce ecosystem through strategic technology collaborations.

From trusted global brands and nationwide retail stores to robust logistics, same-day delivery services, and now flexible financing options, Konga continues to build a seamless shopping experience for millions of Nigerians.

Customers interested in using the service simply need to shop on Konga, select Klump Buy Now, Pay Later at checkout, choose a lending partner, complete the eligibility process, and, once approved, enjoy flexible repayment options based on the terms offered by their selected lender.

With this latest innovation, Konga continues to make shopping more accessible by giving customers greater flexibility in how they pay, while ensuring they have access to the authentic products they need, when they need them.

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Spiro Nears Unicorn Status as $55M Investment Pushes Funding Round to $270M https://techeconomy.ng/spiro-55-million-newtrails-capital-270-million-funding/ https://techeconomy.ng/spiro-55-million-newtrails-capital-270-million-funding/#respond Fri, 26 Jun 2026 15:46:22 +0000 https://techeconomy.ng/?p=184274 The latest investment comes weeks after Spiro announced a $215 million raise backed by investors from Europe and Africa.

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African electric mobility company Spiro has secured an additional $55 million equity investment from Chinese growth-stage investor NewTrails Capital, taking its latest funding round to $270 million and pushing the company closer to a $1 billion valuation.

The latest investment comes weeks after Spiro announced a $215 million raise backed by investors from Europe and Africa.

With the new funding, the company has completed one of the largest capital raises seen in Africa’s electric mobility sector.

Spiro founder Gagan Gupta said the funding round has lifted the company’s valuation to nearly $1 billion, bringing it close to joining the ranks of Africa’s unicorn startups.

The company said the new capital will support the expansion of its battery-swapping network, manufacturing operations and electric vehicle infrastructure across high-growth African markets.

Commenting on the investment, Gupta said: “I would like to thank NewTrails Capital for believing in Spiro’s model and supporting our unique tech, energy and innovation journey.

Having deployed 100,000 electric vehicles and 2,500 smart-swap stations across seven active markets, Spiro has firmly moved past the proof-of-concept phase.

“Partnering with NewTrail Capital’s deeply experienced team marks a powerful new chapter for Spiro as we prepare for the next steps of our pan-African and international expansion.”

NewTrails Capital said it sees long-term potential in Africa’s electric mobility market and believes Spiro has built a business model capable of scaling across the continent.

Yufan Zhang, founding partner of NewTrails Capital, said:

We believe Spiro is driving a profound ‘energy revolution’ across mobility use cases in Africa. This represents not only a vast and highly imaginative market opportunity, but also the potential to grow into an infrastructure-like business that creates meaningful commercial, social, and environmental value.”

He added that Spiro’s strengths include its local operating experience, vertically integrated supply chain and ability to scale quickly across different markets.

The partnership is also expected to strengthen Spiro’s manufacturing and supply chain localisation efforts through closer collaboration with Chinese suppliers.

China is the world’s largest producer of batteries and electric vehicle components, making access to its supply chain increasingly important for companies expanding EV operations.

Founded to enhance electric mobility adoption across Africa, Spiro has grown rapidly in recent years. The company says it has deployed more than 100,000 electric motorcycles and built about 2,500 battery-swapping stations across seven African markets.

Its operations extend beyond vehicle deployment. Spiro runs manufacturing facilities in Kenya, Rwanda and Uganda, while also operating a battery recycling plant in Nigeria.

The company manages several parts of its value chain, including vehicles, batteries, swapping stations, payments and recycling.

The investment follows another major leadership move at the company. Earlier this month, Spiro appointed Anant Badjatya as Group Chief Executive Officer. Before joining Spiro, Badjatya led Indofast Energy in India, where he oversaw a battery-swapping network of more than 1,800 stations.

Spiro’s latest backers join a list of existing investors that includes FEDA, Impact Fund Denmark, Equitane, Nithio and the Africa Go Green Fund.

The new funding provides additional firepower as it expands its electric mobility network across Africa and strengthens its presence in a market that is attracting growing interest from global investors.

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Paystack Index Opens New Frontier for AI-Driven Commerce in Nigeria https://techeconomy.ng/paystack-index-opens-new-frontier-for-ai-driven-commerce-in-nigeria/ https://techeconomy.ng/paystack-index-opens-new-frontier-for-ai-driven-commerce-in-nigeria/#respond Thu, 25 Jun 2026 12:03:56 +0000 https://techeconomy.ng/?p=184122 Developed by Paystack with support from TSG Labs, the new early-access product lets users in Nigeria complete everyday transactions through supported AI agents. Paystack has announced the early access launch of Paystack Index, an experimental product developed by Paystack with product support from TSG Labs, the venture studio and emerging technology arm of The Stack […]

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  • Developed by Paystack with support from TSG Labs, the new early-access product lets users in Nigeria complete everyday transactions through supported AI agents.
  • Paystack has announced the early access launch of Paystack Index, an experimental product developed by Paystack with product support from TSG Labs, the venture studio and emerging technology arm of The Stack Group.

    Paystack Index builds on existing Paystack products, such as Paystack Checkout, by giving Zap users in Nigeria a new way to check out with supported Paystack merchants via AI agents.

    The product is launching in early access as Paystack learns how people want to use AI agents to get things done, starting with familiar tasks like buying airtime and mobile data, funding wallets, sending money, and paying for food.

    Paystack Index is live in Nigeria and currently works with supported AI clients, including Claude, ChatGPT, and OpenClaw. At launch, it supports airtime and mobile data purchases across major Nigerian networks, transfers via Zap, and food ordering through Chowdeck.

    With Paystack Index, users can ask a supported AI agent to complete a task. Index interprets the request, routes it to the right provider or supported Paystack merchant, processes the transaction through Zap and Paystack’s payment infrastructure, and helps the user complete checkout securely within the AI experience.

    Users remain in control of what they authorise. Index only acts on requests that users send through their chosen AI agent and within the permissions and limits they set. Index does not store card numbers, CVVs, PINs, or bank account credentials, and transactions are processed through Paystack’s secure payment infrastructure.

    “Paystack has always focused on helping businesses get paid safely and reliably, wherever their customers are,” said Shola Akinlade, CEO of Paystack. “As AI agents become a more common way for people to search, decide, and take action, we think checkout has to evolve too. Paystack Index is an early experiment in extending Paystack’s checkout infrastructure into AI experiences, starting with users in Nigeria and a few supported merchants and services. The goal is simple: help users complete everyday transactions more easily, while keeping authorization, permissions, and payment processing on trusted Paystack rails.”

    As part of the controlled beta, Paystack will continue to test how users interact with AI agents for commerce, how merchants can safely participate in AI-led checkout experiences, and what infrastructure will be needed as this behavior evolves.

    Paystack Index is now live in Nigeria in early access, with more features, supported merchants, billers, and African markets coming soon.

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    TikTok Commits $20,000 to Boost NITDA-led Digital Commerce Training in Nigeria https://techeconomy.ng/tiktok-commits-20000-to-boost-nitda-led-digital-commerce-training-in-nigeria/ https://techeconomy.ng/tiktok-commits-20000-to-boost-nitda-led-digital-commerce-training-in-nigeria/#respond Thu, 25 Jun 2026 10:36:45 +0000 https://techeconomy.ng/?p=184104 Launch Digital Commerce Labs Initiative to Deepen Digital Inclusion and Economic Growth Lagos, Nigeria TikTok has committed an initial investment of approximately $20,000 to support digital commerce training for Nigerian entrepreneurs under a new partnership with the National Information Technology Development Agency, NITDA. The funding will power a pilot Train-the-Trainer Programme designed to equip small […]

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  • Launch Digital Commerce Labs Initiative to Deepen Digital Inclusion and Economic Growth Lagos, Nigeria
  • TikTok has committed an initial investment of approximately $20,000 to support digital commerce training for Nigerian entrepreneurs under a new partnership with the National Information Technology Development Agency, NITDA.

    The funding will power a pilot Train-the-Trainer Programme designed to equip small and medium-sized enterprises (SMEs), particularly those in underserved and remote communities, with the skills and tools needed to thrive in the digital economy.

    The initiative was unveiled at the launch of the TikTok Digital Commerce Labs Programme for SMEs in Lagos, where government officials, private sector leaders, and digital ecosystem stakeholders gathered to explore strategies for accelerating digital business growth and inclusion across Nigeria.

    Speaking at the event, Kashifu Inuwa Abdullahi, the director-general and chief executive officer of NITDA, represent at the event by Dr Aristotle Onumo, director Stakeholder Management and Partnerships, described digital commerce as one of the most powerful drivers of economic inclusion and business growth in the modern economy, noting that access to digital skills has become increasingly critical for the survival and competitiveness of businesses.

    According to the NITDA boss, the future of commerce is increasingly digital, and entrepreneurs who embrace technology will be better positioned to access larger markets, increase productivity, and create sustainable wealth.

    He observed that while Nigeria is blessed with millions of hardworking and innovative entrepreneurs, many small businesses still lack the digital capabilities required to fully participate in the opportunities offered by the digital economy.

    “Today, a young entrepreneur with a smartphone can reach customers beyond geographical boundaries, build a brand, market products globally, and create economic opportunities that were previously unimaginable. Our responsibility is to ensure that every entrepreneur, regardless of location, has access to the digital skills and tools needed to succeed in this new economy,” he said.

    A major highlight of the event was the announcement of a collaborative programme between NITDA and TikTok designed to extend digital commerce training to SMEs across the country.

    As part of the initiative, TikTok has committed an initial investment of approximately US$20,000 to support a pilot Train-the-Trainer Programme, which will leverage NITDA’s Digital Literacy for All (DL4ALL) networks to deliver digital commerce training to entrepreneurs, particularly those in remote and underserved communities.

    Inuwa commended TikTok for its commitment to supporting entrepreneurship and digital inclusion in Nigeria, describing the initiative as a practical example of how technology platforms can contribute meaningfully to economic empowerment and national development.

    He noted that the collaboration aligns with NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0), particularly the Agency’s commitment to achieving widespread digital literacy, promoting innovation, supporting entrepreneurship, and fostering inclusive economic growth.

    The DG stressed that technology should not merely be viewed as a tool for communication and entertainment but as a platform for creating opportunities, generating income, and transforming lives.

    “Technology is most powerful when it empowers the least connected, creates opportunities for the underserved, and transforms potential into prosperity,” he stated.

    Industry stakeholders at the event described the initiative as timely, especially at a period when businesses are increasingly leveraging digital platforms to connect with customers, expand operations, and access new markets.

    The TikTok Digital Commerce Labs Programme is expected to strengthen digital capabilities among SMEs, improve access to digital opportunities, and contribute to the growth of Nigeria’s digital economy by enabling entrepreneurs to harness the power of technology for business development.

    The launch reinforces NITDA’s vision to building a digitally empowered Nation fostering inclusive economic development through technological innovation where individuals, startups, and businesses can leverage technology to create value, generate employment, and contribute to national prosperity.

    As Nigeria continues its journey towards becoming a leading digital economy in Africa, collaborations such as the NITDA-TikTok partnership are expected to play a significant role in empowering citizens, fostering innovation, and expanding economic opportunities for millions of Nigerians.

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    QNET Rejects Links to Individuals Arrested in Ogun State https://techeconomy.ng/qnet-rejects-links-to-individuals-arrested-in-ogun-state/ https://techeconomy.ng/qnet-rejects-links-to-individuals-arrested-in-ogun-state/#respond Fri, 19 Jun 2026 14:20:44 +0000 https://techeconomy.ng/?p=183722 Global direct selling company QNET has distanced itself from individuals arrested in Ogun State, stating that it has no known relationship with the suspects or their activities. The company said the individuals were not authorised to represent QNET and insisted that it had no business dealings or formal association with them. According to media reports, […]

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    Global direct selling company QNET has distanced itself from individuals arrested in Ogun State, stating that it has no known relationship with the suspects or their activities.

    The company said the individuals were not authorised to represent QNET and insisted that it had no business dealings or formal association with them.

    According to media reports, 46 individuals were apprehended during a joint security operation and allegedly claimed affiliation with QNET.

    The company strongly rejected the suggestion that these individuals were authorised representatives or were acting on behalf of QNET.

    Like many international brands, QNET has periodically encountered instances where unauthorised individuals misuse the company’s name, products or business model to promote fraudulent schemes or make false promises of employment, migration opportunities or financial gain

    Commenting on the matter, Biram Fall, regional general manager for Sub-Saharan Africa, said:

    “QNET does not support, facilitate, or promote cross-border migration as a means of participating in its business. We do not offer employment opportunities, migration pathways, relocation arrangements, or visa sponsorships. Any individual presenting QNET as a route to overseas opportunities is acting fraudulently and without authorisation.”

    QNET operates under strict global compliance standards and maintains clear non-negotiable principles, including:

    • No cross-border recruitment or migration-related inducement
    • Zero tolerance for misrepresentation of QNET, its products, or business model
    • No acceptance of illegal activities, fraud, or immigration violations
    • Strict adherence to applicable laws and regulations in all markets
    • Immediate disciplinary action and legal escalation against individuals who violate these standards

    QNET said it welcomes the efforts of the Nigerian security agencies, including the Nigerian Army, Department of State Services (DSS), Nigeria Security and Civil Defence Corps (NSCDC), and Nigeria Immigration Service, for their efforts in addressing illegal activities and protecting communities from potential exploitation.

    The company added that the team will continue working with regulators, law enforcement agencies and community stakeholders to combat misinformation, fraud and the misuse of its brand.

    “QNET believes that individuals who exploit its brand to deceive others must be identified and held accountable through appropriate legal processes.

    “Members of the public are encouraged to verify any information relating to QNET, its products, or business model through official channels: Website here | Compliance Hotline (WhatsApp): +233 2566 30005 and Email: network.integrity@qnet.net.

    “QNET remains committed to transparency, consumer protection, ethical business practices, and responsible entrepreneurship”, the statement reads.

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