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Africa’s Tech Ecosystem Digest | Issue #8 | May 28, 2025

This Week: Kwik’s Parent Company Declared Bankrupt, NCC Cracks Down on Telecom Outages, and plus New Funding & Events to Watch.

Author

Thalo Group
May 28, 2025

Hi Thalo Fam, 👋

Welcome back to Thalo, your shortcut to all things happening in Africa’s tech scene. If you’re new here, big welcome!

Last week, Coinbase faced down a $20M cyberattack, Lagos prepared to drop Nigeria’s first AI guidelines, and a fresh blockchain policy sparked debate across the country.

This week, we’re diving into the bankruptcy of Kwik’s parent company in Amsterdam, the NCC’s bold new rules making telecoms more transparent, and the latest funding and events you don’t want to miss.

Let’s get into it.

In Today’s Edition

  • Kwik’s Parent Company Declared Bankrupt in Amsterdam

  • NCC Orders Telecoms to Publicly Report Outages, Offer Compensation

  • Fresh funding and accelerator programs for African startups

  • Events happening this week you should totally bookmark

Kwik’s Parent Company Declared Bankrupt

The parent of Nigerian logistics startup Kwik has been declared bankrupt by an Amsterdam court. This follows a legal battle with a former executive that left the company with a $50,000 debt it failed to resolve.

While it’s not yet clear how this affects Kwik’s local operations in Nigeria, the judgment raises serious concerns about the company’s financial structure and international obligations. Find out more here

NCC Orders Transparency on Telecom Outages

The Nigerian Communications Commission (NCC) now requires all telecom providers to publicly announce major service outages, detailing causes, affected areas, and expected restoration times. Planned outages must be communicated at least a week in advance.

If outages last over 24 hours, providers must offer compensation like service extensions. This move aims to boost transparency, improve service quality, and protect consumers.

💰 FUNDING OPPORTUNITIES

develoPPP Ventures 2025

A funding program designed to support innovative startups in Kenya, Nigeria, Ghana, Tanzania, and Rwanda with scalable business models and measurable impact.

The Cascador 2025 Program

A 6-month intensive program designed to support mission-driven business owners across Africa.

  • Prize pool: $5,000 USD stipend & access to $2M Catalytic Fund.

  • Deadline: 1st June, 2025

  •  Apply Here →

📅 UPCOMING EVENTS

Port Harcourt Tech Expo

One of Africa’s largest tech conference returns, uniting founders, regulators, media, and investors.

Lagos Future Conference 2025

A forward-looking gathering focused on the future of Lagos through the lens of technology, innovation, infrastructure, and urban development.

  • Date: June 6, 2025

  • Location: Lagos Oriental Hotel, Victoria Island.

  • Register here →

Sentech Africa Tech Week 2025

A premier technology conference focused on digital transformation, AI, cybersecurity, and innovation across multiple sectors.

  • Date: June 3 - 4, 2025

  • Location: Century City Conference Centre, Cape Town, South Africa.

  • Register here →

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That's a wrap for this issue! We're just getting started, and we've got tons of exciting stuff planned. See you next week!

Cheers,

The Thalo Team