Wazzup. 
Have you ever noticed how the week before salary week always feels like a blur?
Well, hang in there, it’s almost the weekend. You can also take solace in knowing that two major excitements hit Africa’s tech ecosystem this week: Moniepoint’s $90 million additional funding and Spiro’s insane $100 million haul for an EV industry we still yap about for its lack of infrastructure.
After the unforgettable outage on Monday, Amazon’s main business also did something pretty cool, launching AI smart glasses for its delivery drivers, allowing them to deliver packages without needing to look at their phones to confirm delivery details every two seconds.
We’re not sure why that matters, but it seems pretty woke to be an Amazon delivery driver right now.
Let’s dive in.
M&A
Global Shop Group acquires Ivory Coast’s ANKA
ANKA, the Ivorian e-commerce startup once known as Afrikrea, has been acquired by New York-based Global Shop for an undisclosed sum. It’s a full-circle moment for a company built on connecting African markets to global buyers, and now, it’s being steered by one.
Why it matters: With over $60 million in processed sales, ANKA became a digital runway for African creators, offering storefronts, payments, and logistics solutions built for sellers often excluded from global e-commerce. Its acquisition signals a new phase where the African seller ecosystem could be exposed to a global stage. Global Shop has acquired ANKA to make it stronger and more supportive than ever to help African sellers attract more customers and streamline operations.
Past chapters: Founded in 2016 as Afrikrea, the company rebranded to ANKA in 2023, which transformed it from a marketplace into a software-as-a-service (SaaS) platform. The pivot paid off as its revenue hit $4.1 million in 2024 and its reach spanned 170 countries.
What’s changing with the acquisition: Global Shop’s CEO, Matilda Ceesay, will be taking the reins, as ANKA’s original founders are bowing out. The brand remains, but a new chapter begins. A chapter powered by global capital and fresh vision.
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Companies
Inside Mogo’s mounting legal storm
Here’s what happened: Kenya’s Mogo Auto Ltd built its empire on the dreams of Kenya’s hustlers and gig workers who saw its buy-now-pay-later loans as a lifeline. Now, those very customers are dragging the company to court, accusing it of turning that lifeline into a financial noose. A new class action suit accuses the company of running a predatory lending scheme that traps borrowers in endless debt.
The allegations: Three borrowers claim Mogo’s loan contracts charge excessive interest rates, peg loans to foreign exchange movements without adequate disclosure, and hide charges in compulsory insurance fees. They also accuse the company of unleashing ruthless repossession tactics that strip borrowers of their vehicles with no way to fight back once they default.
Mogo’s silence: For now, the Latvia-owned lender is keeping quiet, though it’s been given 15 days by the high court to file its defence.
Not its first dance: In 2024, Mogo had a brush with the Kenyan regulator. Kenya’s Competition Authority fined the firm $86,300 for “false, misleading, and unconscionable” practices. Now, the past is back to haunt it, fueling fresh outrage that the company never cleaned up its act.
Mogo’s reputation could take a lasting hit if the court rules in favour of the plaintiffs. Consumer trust, which was already shaky after last year’s penalty, may eventually evaporate. Borrowers might opt for rivals like Watu Credit or M-KOPA. If Mogo loses this case, it could trigger a fresh crackdown on non-bank lenders. Kenya’s Central Bank has tightened oversight of digital lenders before, and this could be the outrage that forces it to do so again.
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Cryptocurrency
Zepz is bringing stablecoin wallets to its remittance app, Sendwave
Stablecoins are becoming too cool to ignore; every remittance and cross-border payment startup and their cousins want to be the first to integrate stablecoin payments. But, will that pay off?
Yesterday, Zepz, the UK unicorn that runs payment companies World Remit and Sendwave, said it is bringing stablecoins to its remittance platform (SendWave) in “more than 100 countries.” To knock your socks off, legacy companies like MoneyGram and Western Union have been experimenting with a thing or two about stablecoin wallets. To add to the surprise you’re feeling, Wise, the global remittance fintech, also listed a leadership role for digital asset services.
Why is everybody suddenly gung-ho about money that lives on the internet? It’s like one cross-border fintech COO that recently integrated stablecoin payments told me: it’s about the trend and riding the wave. Stablecoin adoption is growing, and because global heavyweights are leaning into it, it gives a sense of legitimacy to digital assets.
Yet stablecoins, especially dollar-backed ones, pose some serious concerns about how they infringe on monetary policy controls; this was a sentiment echoed by Chai Gang, deputy director of payments systems at the Central Bank of Nigeria (CBN), during one of the Moonshot by TechCabal panel sessions.
Beyond speed and convenience, and despite all that momentum, regulators want to review the fine print underlying stablecoins’ risk. Sendwave operates in several African countries, including Kenya, Uganda, Tanzania, Ghana, Nigeria, Senegal, and Liberia, and is considered one of the leading digital remittance platforms. A move like this could get regulators asking serious questions about how they really want to approach these digital assets.
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Internet
Paratus launches Starlink satellite internet for Rwandan corporates
Paratus Group, a Pan-African telecoms company, has launched Starlink services in Rwanda, extending its satellite internet footprint after earlier rollouts in Kenya, Uganda, and Tanzania. The Kigali-based unit will supply and install Starlink for business clients across sectors, including finance, retail, agriculture, and tourism.
Between the lines: While Starlink is live in Rwanda—launched in February 2023—the expansion will deepen Paratus’ partnership with Starlink, as the firm targets enterprises seeking reliable connectivity amid repeated subsea cable disruptions in Africa.
Catch up: Paratus, which secured exclusive distribution rights for Starlink in 2023, is pairing satellite capacity with its terrestrial fibre routes to create more resilient network options for corporate and government customers.
Rwanda is a smart launchpad—small, tech-forward, and heavy on digital policy. The country’s push to become a regional technology hub and its growing digital infrastructure make it a strategic next step for Paratus’s ambitions. If its B2B focus works there, Paratus could make satellite a mainstream backup for East Africa’s corporate internet stack.
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THERE SHOULD BE AN APP FOR THAT 
There should be an app that can always tell me meals to cook based on the ingredients I have. Imagine just taking pictures of ingredients and telling the app to come up with three meals I can make. It eliminates the hours I spend thinking of what to eat, hours I can spend writing articles. The app will be trained on my data and not recommend Western meals. Its recommendations will be tailored to my taste and how I like my meals made.
I am Eme Agbor, and there should be an app for that.
If you would like to hear more things there should be apps for, Appstack by TechCabal comes out every Sunday, watch out for that.
CRYPTO TRACKER
The World Wide Web3
Source:
|
Coin Name |
Current Value |
Day |
Month |
|---|---|---|---|
 Bitcoin |
$108,214 |
+ 0.58% |
– 5.34% |
| Ether |
$3,864 |
+ 0.01% |
– 9.81% |
| Anome |
$0.09275 |
– 8.97% |
+ 20.96% |
| Solana |
$184.61 |
+ 0.64% |
– 19.90% |
* Data as of 06.50 AM WAT, October 23, 2025.
Opportunities
- Bigger, bolder, and more intentional. Following the resounding success of the inaugural summit in 2024, Growth Padi is thrilled to announce Growth Africa Summit 2025 (GAS 2.0) with the trailblazing theme: “Redefining the Growth Playbook.” Set against the backdrop of a fast-evolving entrepreneurial landscape, this year’s summit will challenge outdated strategies and usher in a new wave of radical, resilient, and relevant growth models tailored for African businesses. Register to attend by November 1.
- Got a startup story worth telling? My Startup in 60 Seconds is TechCabal’s one-minute spotlight for founders to share their journey, from vision and challenges to major wins. It’s more than just visibility; it’s a chance to reach investors, potential customers, and Africa’s wider tech ecosystem. Be featured in My Startup in 60 Seconds or explore other TechCabal advertorial opportunities and let the ecosystem hear your story. This is a paid opportunity.
- Calling all AI enthusiasts for Africa’s premier all-expense-paid AI and Data Science learning experience this October, powered by Data Science Nigeria (DSN). The AI Bootcamp 2025 will run from October 20–25 at the University of Lagos, bringing together learners from 36 states and 13 African countries for practical training, mentorship, and collaboration under the theme “AI for All: Democratizing Intelligence and Driving Impact.” Join the free city classes to qualify for the Bootcamp. Register here.
Written by: Opeyemi Kareem and Emmanuel Nwosu
Edited by: Ganiu Oloruntade
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I am the CEO of 9JAGISTLAND.My name is Adedeji Timothy and my co-owner is Oyekola Damilare.This blog is born out of our passion to educating to people in all aspect of internet life.We are enthusiastic about writing posts and articles online.
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