Busha – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Tue, 29 Jul 2025 09:25:45 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Busha – Tech | Business | Economy https://techeconomy.ng 32 32 Moonshot by TechCabal Returns for Third Edition https://techeconomy.ng/moonshot-by-techcabal-returns-for-third-edition/ https://techeconomy.ng/moonshot-by-techcabal-returns-for-third-edition/#comments Tue, 29 Jul 2025 09:25:45 +0000 https://techeconomy.ng/?p=163941 Moonshot by TechCabal, Africa’s flagship tech and innovation gathering, officially announces its third edition.

Scheduled to take place from October 15 –16, 2025, at the Eko Convention Centre in Lagos, Nigeria, the future-shaping conference will convene over 4,000 participants and more than 120 speakers from over 15 countries, all focused on accelerating the trajectory of Africa’s tech-driven future.

This year’s theme, “Building Momentum: Africa’s Tech Ecosystem Positions Itself for Its Next Big Leap,” captures a critical moment for the continent’s tech landscape. Following years of resilience through economic downturns and funding contractions, the ecosystem is maturing rapidly and sensibly redirecting focus toward sustainable, scalable growth.

Moonshot 2025 will serve as a platform to consolidate these hard-won gains and align stakeholders around the next era of opportunity, across key tech verticals.

Headline sponsored by Sabi, a global trade and supply chain enabler, the agenda-setting conference has evolved into a continental platform for catalysing connections, unlocking capital, and amplifying bold ideas.

Now in its third year, Moonshot serves as a dynamic hub, and a living museum, of Africa’s innovation journey, actively bridging past achievements with future ambitions.

Speaking about the event, Tomiwa Aladekomo, CEO of Big Cabal Media, said:

“The last few years truly tested the resilience of Africa’s tech ecosystem, but they also undeniably sharpened it. The ups and downs in funding have given way to something far more intentional, with founders now building smarter and with clearer purpose. Despite the challenges, African founders have persevered and thrived. Crucially, regulations have also matured, providing much-needed direction. What we’re witnessing now is genuine momentum, firmly grounded in strong fundamentals, propelled by clarity, and intensely focused on scale. Moonshot 2025 offers a vital space to reflect on our journey and to channel this momentum into meaningful progress for founders, investors, and the entire ecosystem”

This year’s edition will welcome a distinguished lineup of speakers, including Andrew Alli, non-executive director, British International Investment (BII), Maxime Bayen, Operating Partner, Catalyst Fund, and Lexi Novitske, General Partner, Norrsken22, among others.

The event will also showcase its nine signature content tracks, now enhanced with refreshed programming designed to foster deeper, more impactful conversations. This include:

  • FUEL: The Investor Conference: This track is significantly upgraded to improve deal-making and investment opportunities, with a stronger focus on attracting Limited Partners (LPs), Development Finance Institutions (DFIs), and first-time investors in Africa. It will feature structured deal rooms, curated pitch sessions, an investor’s guide to Africa, and dedicated spaces for peer exchange across the investor landscape.
  • Startup Festival: Tailored for both early- and growth-stage founders, this festival will offer intensive workshops, operator-led sessions, and live startup showcases, including the TC Battlefield – it’s flagship pitch competition.
  • Emerging Tech (AI): A dedicated space to explore the practical applications of artificial intelligence across various sectors on the continent, featuring product demos and insights from leading builders and researchers.
  • Government & Policy Conference: This vital track will convene policymakers from across Africa to engage in discussions on crucial digital policy reforms and work towards tangible commitments to support innovation and scale across the continent.

Additional tracks, including Creative Economy, Climate Tech, Future of Commerce, Big Tech & Enterprise, and Entering Tech, will feature compelling conversations on critical topics such as financing infrastructure, workforce development, and fostering cross-sector collaboration.

Also speaking about the event, Anu Adedoyin, CEO and co-founder of Sabi said:

“This marks our third year as a proud partner of Moonshot, and the evolution of this conference mirrors the incredible growth and ambition of African tech. We believe in building robust foundations for digital commerce, and Moonshot is crucial for fostering the connections and clarity needed for founders to build smart, scalable solutions. We’re excited to see the tangible momentum this year’s event will generate for Africa’s next big leap.”

Proudly supported by platinum sponsors Flutterwave, Luno, FincraRaenestCardtonicRoqqu, Opay, and Busha, the conference will build on the outcomes of previous editions, including a $120,000 ecosystem pledge at last year’s Tech Ecosystem Alliance roundtable.

Delegates are encouraged to register via moonshot.techcabal.com  with Early bird tickets available through July 31.

The event is open to founders, operators, investors, creatives, policymakers, students, and professionals shaping Africa’s innovation economy.

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Busha, Plume Network Join Forces to Bring On-Chain Yields to Nigerian Users https://techeconomy.ng/busha-plume-network-join-forces-to-bring-on-chain-yields-to-nigerian-users/ https://techeconomy.ng/busha-plume-network-join-forces-to-bring-on-chain-yields-to-nigerian-users/#respond Mon, 23 Dec 2024 07:54:59 +0000 https://techeconomy.ng/?p=150101 Busha, Nigeria’s first SEC-licensed digital asset exchange and a leading stablecoin on-ramp, has partnered with Plume Network to bring Plume Nest’s innovative on-chain yield solutions to Busha’s user base of nearly one million individuals.

Through the integration with Busha’s neo-banking platform, the partnership seeks to deliver secure and accessible financial growth opportunities, targeting one of the world’s most dynamic emerging markets.

Driving Financial Innovation in Africa’s Largest Economy

Busha has firmly established itself as a leader in Nigeria’s digital finance ecosystem, with over 7 million trades and $3.5 billion in transactions processed. 

Doubling its volumes every year and achieving profitability, Busha powers local payment rails for global businesses like Starlink and is backed by renowned investors, including Jump Capital, DCG, and CMT Digital.

This partnership is an important one for Plume Network as it collaborates with a key player in Africa’s largest economy to provide the fruits of decentralized finance to non-crypto-native users.

Introducing Plume Nest on Busha

Nest is Plume Network’s flagship yield platform, designed to provide secure, scalable, and competitive returns powered by on-chain technologies. With this partnership, Plume is enabling Busha’s users to unlock DeFi-powered earnings without requiring specialized knowledge or experience.

The integrated Earn product will allow users to:

  • Access competitive, transparent yields on their stablecoins and digital assets.
  • Leverage the security of on-chain technology for peace of mind and accountability.
  • Seamlessly earn and grow wealth directly within Busha’s trusted app interface.

A Shared Vision for Financial Inclusion

Emerging markets like Nigeria often lead the way in adopting disruptive technologies such as blockchain because they stand to benefit the most from transformative innovation. 

In regions where access to institutional-grade investment products is far more constrained than in developed markets like the US and Europe, the need for inclusive financial solutions is paramount.

At Plume, our focus is on building connections between the global decentralized finance ecosystem and local markets where it can create the greatest impact,” said Chris Yin, CEO of Plume Network. 

Our partnership with Busha embodies this vision, enabling us to provide millions across Africa with transparent, secure, and growth-oriented financial tools that open new doors for economic empowerment.”

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One Year Later: Reporta is Improving Fraud Prevention in Nigeria’s Finance Industry https://techeconomy.ng/reporta-is-improving-fraud-prevention-in-nigerias-finance-industry/ https://techeconomy.ng/reporta-is-improving-fraud-prevention-in-nigerias-finance-industry/#respond Tue, 05 Mar 2024 11:29:39 +0000 https://techeconomy.ng/?p=156004 In 2023, Nigeria’s financial institutions and fintech companies joined forces to develop a digital fraud prevention platform aimed at tackling the rise in scam attacks plaguing the industry.

Known as Project Radar, the platform built was an important step in safeguarding the integrity of the country’s thriving fintech ecosystem.

One year after its launch, the platform, now renamed Reporta, has successfully strengthened Nigeria’s financial sector in the fight against digital fraud.

Meant to serve as a joint fraud prevention network, the project has gained massive adoption, delivered noticeable impact and proved that collective action is need in securing the nation’s digital finance industry.

With the ever-increasing number of Nigeria’s fintech firms—home to over 217 startups and a sector that attracted nearly 50% of Africa’s total fintech funding between 2019 and mid-2023—the need for standard fraud prevention system has always been important.

Digital financial crimes have become technically advanced, with fraudsters taking advantage of any hole between isolated payment networks.

Reporta was developed as an industry-wide solution to counter these threats and protect millions of Nigerian users who rely on digital payments daily.

Today, Reporta is an independent, voluntary registry that is collectively owned by a group of financial and fintech organisations in Nigeria with board members rotated from various financial institutions.

The platform pulls together country-wide pockets of siloed information on suspicious digital behaviour. It proactively protects businesses from suspicious transactions by leveraging behavioural fingerprints.

Since its inception, Reporta has been accepted by over 25 leading banks, fintech companies, and verification platforms including Sterling Bank, Moniepoint, Busha, First Bank, Unity Bank, Wema Bank, Dojah, Flutterwave, Voyance, Preambly, Remita, Paddy Cover, Globus Bank, Herconomy, Kredi Bank, VFD, and the Nigeria Inter-Bank Settlement System (NIBSS).

The platform reported over 50,000 fraudulent transactions, thereby allowing financial institutions to detect and block suspicious activities faster than ever before.

There are now plans to extend the project to the insurance industry, which is also susceptible to fraud.

Before its introduction, fraud alerts were often shared informally via WhatsApp groups, making real-time detection chaotic and unreliable.

Now, with Reporta’s centralized intelligent database, banks and fintech firms can quickly search for flagged transactions using BVN, account numbers, or phone numbers—resulting in a 70% improvement in fraud detection accuracy.

A fraud analytics officer at a bank acknowledged the platform’s impact. “Before Reporta, fraud reports were scattered and often buried in long chat threads. Now, with a quick search, we can immediately see flagged transactions and take action—saving millions in potential losses.”

Apart from transaction monitoring, the system also gives fraud analysis, which helps banks understand new fraud patterns and tackle risks before they escalate.

According to a fraud and compliance officer at another bank, before Reporta, siloed information didn’t help in getting up to date analytics on new trends people are using.

“Now we can check the dashboard and see these types of data, significantly increasing our fraud detection capabilities.”

The impact is even more pervasive in Nigeria’s fintech companies, which are much younger than the banks.

According to a staff at one of the leading fintech firms, Reporta has opened up access to more important data, enabling them to upgrade their infrastructure.

“Due to better access to crucial data, we can now update our infrastructure to be more secure and can better educate customers on how to protect their accounts.”

Reporta’s impact goes beyond technology—it’s about collaboration. Over the past year, the platform has forged strategic partnerships with financial institutions, security agencies, and regulatory bodies.

These partnerships have led to fraud intelligence sharing across banks and fintechs, improved coordination with law enforcement agencies to track and prosecute fraudsters, and new regulatory standard that aligns with fraud prevention system.

One of the biggest achievements was the hassle-free integration with Nigeria’s top banking networks, giving the ground for coordinated fraud reporting and prevention efforts across multiple financial institutions.

This level of cooperation is very important in the fight against fraudsters, who sometimes take advantage of weak points and update their tactics. With all hands-on deck, fintechs and banks can close security gaps and stay ahead of cybercriminals.

Looking ahead, Reporta is working towards maximizing Artificial Intelligence (AI) and machine learning to detect fraud patterns before they happen. Instead of relying on manual reporting, AI-powered fraud prevention will analyze transactional behaviours to detect fraud before it occurs, which gives traditional banks and fintechs the edge to proactively prevent losses instead of just reacting after it occurs.

The introduction of predictive analytics will further increase fraud intelligence, which will reduce false positives while legitimate transactions remain hassle-free.

According to Lead project engineer, Wilson Adenuga, this next phase of creativity, stating that AI fraud detection system will improve security for Nigeria’s fintech firms.

Within just one year, Reporta has moved from being a promising idea to an important fraud- prevention weapon used by top banks and fintech firms. Its impact is undeniable with tens of thousands of fraud cases have been identified and blocked, and financial platforms now have a more coordinated and efficient approach to fraud detection.

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