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Firms, Investors, Founders, Venture Capitalists Gear up for Moonshot 2025

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Moonshot by TechCabal

By Adedapo Adesanya

Firms, investors, founders, and capital providers are expected to converge on Lagos this October to drive the next phase of deal flow and historic funding opportunities for promising African startups at Moonshot by TechCabal 2025, Africa’s flagship innovation conference.

According to a statement, participants will engage directly with founders, lead conversations on cross-border partnerships, and shape exit strategies designed to accelerate Africa’s innovation economy.

This event comes at a pivotal moment where funding, which slowed in two of the last three years, shows signs of recovery. In the first six months of this year, startup funding has climbed to $1.42 billion across 243 deals, a 78 per cent increase from last year.

African startups are also expanding into global markets, exporting homegrown solutions to address global challenges. Building on this momentum will require strengthening deal flow, creating more robust exit opportunities, and boosting investor confidence so that capital can be further channelled into the ecosystem.

These priorities, and the challenges they present for the ecosystem, will guide discussions among founders, investors, venture capitalists, angels, and limited partners (LPs) at Moonshot, across multiple content tracks.

Driving these conversations across diverse panels and keynotes includes Maxime Bayen, Operating Partner at FundCatalyst; Lexi Novitske, General Partner, Norrskken 22; Tito Cookey-Gam, Principal at Partech Africa; and Eloho Omame, Partner at TLcom Capital, among others. Digital for Development (D4D), representing the European Union, will also lead a delegation of more than 100 investors and ecosystem leaders from across Europe to Lagos, with their participation set to drive critical conversations and accelerate deal flow between African startups and global capital.

Speaking about the gathering, Mr Tomiwa Aladekomo, CEO of Big Cabal Media, said, “The African tech ecosystem is gaining real momentum, and we’re seeing a growing appetite from global investors to back its next wave of startups. This is the moment to connect ambitious founders with the right capital, explore how exit opportunities can sustain growth, and build partnerships that truly scale. At this year’s Moonshot, we’re creating the space for those conversations to happen, turning that momentum into tangible opportunities for founders, investors, and the ecosystem as a whole. And beyond funding, we’re exploring emerging sectors like AI, payments infrastructure, digital assets, and creative industries, while also engaging policymakers, corporates, and ecosystem builders.”

Commenting on their participation, Digital for Development (D4D) Hub Africa Branch Deputy Coordinator, Mr Hussein Jaffar, said, “Moonshot is an important space for putting Global Gateway into action by connecting African innovators with European investors and partners. Through the D4D Hub, the Europe team is working to turn these connections into concrete collaborations, showcasing scalable digital solutions and unlocking new investment opportunities that strengthen Africa’s innovation ecosystems and advance our shared global priorities.

Headline sponsored by Sabi, Moonshot 2025 will also spotlight Africa’s bold adoption of artificial intelligence (AI). Also, Nigeria’s Minister of Trade, Mrs Jumoke Oduwole will share insights into how progressive trade policies are empowering startups, expanding digital services exports, and positioning Nigeria as Africa’s hub for digital trade.

Moonshot by TechCabal will also feature a deep-dive session on Africa’s Next-Gen Payment Rails, exploring how Application Programming Interfaces (APIs), digital-first infrastructure, mobile money adoption, and cross-border interoperability are accelerating financial inclusion and powering new growth in trade. Another session will examine the role of cryptocurrencies and digital assets in shaping cross-border payments and opening up new models for financial access across Africa.

“APIs have become the backbone of digital commerce, enabling real-time settlement, embedded finance, and seamless cross-border transactions,” said Mr Wole Ayodele, CEO of Fincra. “At Moonshot 2025, we are focusing on how these technologies can unlock growth and efficiency for businesses across Africa and beyond.”

Moonshot is a key platform for bringing together the people and ideas driving Africa’s digital economy,” said Ms Tomi Oduyemi, Growth Lead of Cardtonic. “It creates the connections and insights that allow innovation to scale and deliver impact across the continent, and we are happy to play a major part this year.

The two-day gathering is open to global and African VC investors, startup founders, top tech CEOs, policymakers, creatives, students, and support organisations driving Africa’s innovation economy.

With more than 120 speakers, nine signature content tracks, and over 4,000 expected participants, Moonshot 2025 builds on the success of last year’s edition, which convened more than 3,500 attendees from over 15 countries. Registration is still open at moonshot.techcabal.com.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Nigeria to Launch NIGCOMSAT Satellites in 2028, 2029

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NIGCOMSAT Satellites

By Adedapo Adesanya

Nigeria has set 2028 and 2029 as the timeline for the deployment of its new satellites, NIGCOMSAT-2A and 2B, respectively.

The Managing Director of NIGCOMSAT, which is Nigerian Communications Satellite Limited and the premier satellite operator in Nigeria, Mrs Jane Nkechi Egerton-Idehen, disclosed this at the second Nigerian Satellite Week in Abuja on Monday. She noted that the development is expected to boost military intelligence, surveillance, and regional connectivity.

“For 2A and 2B, we have started the process. We have closed the tender and are now back into the financing and implementation stage. 2A is built to come up in 2028, and 2B for 2029.

“When they are up and running, they are expected to provide security within the borders and neighbouring countries. They will support the security agencies because data collection and intelligence in real time is important. Satellites like communication satellites allow that, irrespective of where they are,” she said.

In his remarks, the Minister of Communications and Digital Economy, Mr Bosun Tijani, said the satellites form part of the nation’s strategy to strengthen digital infrastructure.

Mr Tijani explained that the satellites will complement ongoing investments in 90,000 kilometres of fibre-optic cable and nearly 4,000 telecom towers, which are being rolled out nationwide and extended to neighbouring countries, including Cameroon, Niger, Chad, Burkina Faso, and the Republic of Benin.

He stressed that satellite technology is critical for national development, affecting education, agriculture, business, and emergency response.

“The president’s approval of NIGCOMSAT-2A and 2B demonstrates a clear commitment to building the future. These satellites will enhance security, connect remote communities, and extend our fibre-optic network into neighbouring countries,” he said.

“Some of these neighbouring countries pay up to ten times more for internet capacity than Lagos. Extending our fibre network will not only improve connectivity but also enhance border security and regional collaboration.

“Satellite technology affects everything, from how a child in a rural community accesses the internet to how farmers make critical decisions and how businesses operate across distance,” the Minister said.

Also speaking, the Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, welcomed the development, saying the military will leverage the satellites for operational efficiency.

“The Nigerian Army will continue to use space assets to improve intelligence gathering, surveillance, and operational coordination across all theatres of operation,” he said at the event, represented by Major General Kennedy Osemwegie, Commander of the Nigerian Army Cyber Warfare Command (NACWC).

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Interswitch, KCB Group to Deliver Innovative Financial Solutions in East Africa

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Interswitch KCB group

By Modupe Gbadeyanka

A partnership to advance digital payments and financial inclusion across East Africa has been strengthened between Interswitch and KCB Group.

Both parties have agreed to expand digital payment infrastructure and deliver innovative financial solutions that meet the evolving needs of individuals, businesses, and institutions across the region.

The aim is to accelerate seamless, secure, and inclusive digital payments in East Africa, where the leading Africa-focused integrated payments and digital commerce enabler, Interswitch, recently announced an expansion of Verve card acceptance footprint, leveraging its consolidated partnership with KCB Group, Kenya’s largest financial services group by assets, following a similar move in Uganda through the local KCB Franchise in February 2022.

During a recent executive engagement at KCB Group headquarters in Nairobi, the chief executive of Interswitch, Mr Mitchell Elegbe, held high-level discussions with KCB leadership, including its chief executive, Paul Russo.

At the core of the strengthened collaboration is the integration of Interswitch’s robust payment rails, card scheme, and emerging digital token solutions with KCB Group’s expansive regional footprint and trusted banking franchise.

This integration enables the acceptance of Verve cards and tokenised payment solutions across KCB’s extensive merchant point-of-sale network in Kenya and Uganda, significantly enhancing everyday usability for customers while strengthening KCB’s digitally driven retail payments offering.

The consolidated partnership is expected to drive increased merchant acquisition, improve interoperability across payment ecosystems, and expand access to secure, cashless transactions. It also reinforces both organisations’ shared objective of deepening financial inclusion and accelerating digital commerce across East Africa.

“Our collaboration with KCB Group represents a powerful alignment of vision and capability. By combining our technology-driven payment solutions with KCB’s strong regional presence, we are unlocking new opportunities to scale access, drive innovation, and deliver greater value to customers across East Africa,” Mr Elegbe stated.

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Telcos to Compensate Customers for Service Disruptions—NCC

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NCC

By Adedapo Adesanya

The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) to provide compensation to subscribers whose network quality of service experience is below specified targets within specific locations.

In a Sunday statement, the commission noted that its position is that customers should not be made to bear the full burden of service disruptions where operators fail to meet prescribed standards of service delivery.

Under this directive, NCC said erring operators would compensate affected users directly for breaches of Quality of Service (QoS) Key Performance Indicators (KPIs).

Mobile Network Operators (MNOs) will be required to pay these compensations for instances of poor quality of service recorded within specified time frames.

“The compensation will be provided in the form of airtime credits, calculated based on subscribers’ average spending patterns and their presence within Local Government Areas where service failures occur”, according to the statement.

The directive is rooted in the agency’s broader regulatory philosophy that places the consumer at the centre of Nigeria’s telecommunications ecosystem.

“Telecommunications services today underpin economic activity, social interaction, and access to digital opportunities. When service quality is poor, the consequences affect productivity, commercial activities, and even public confidence in our communications system.

“While regulatory fines have traditionally served as a deterrent against poor service delivery, the Commission is adopting a more consumer-focused approach that strengthens accountability within the industry”.

The commission explained that it has designed this measure to complement existing and ongoing efforts to strengthen service quality monitoring and enforce performance standards.

Further to this directive by the commission to MNOs on compensation to consumers, the regulator has mandated Tower Companies that own the critical infrastructure, such as masts, for Quality of Service delivery, to invest in infrastructure with measurable outcomes using sums that it has fined these companies, in addition to other financial fines the Commission will deem appropriate.

“The commission will continue to reinforce the obligation of operators to invest consistently in network resilience, capacity expansion, and infrastructure upgrades to meet the growing demand for telecommunications services.

“At the same time, it will deploy regulatory tools that promote fairness, transparency, and accountability across the sector, ensuring that every subscriber receives the quality of service they deserve while sustaining a telecommunications industry capable of powering Nigeria’s digital future”, the statement added.

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