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📶 Airtel Tests Train Wi-Fi via Satellite

📶 Airtel Tests Train Wi-Fi via Satellite

Plus: 🏛️ New CBN Guidelines on POS

Innovation Village
October 07, 2025

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Good Morning Valued Subscribers👋

Hope you’re easing into the day with something you enjoy (and if this newsletter is part of that, even better). Today’s edition comes with a little extra fuel: job opportunities we’ve handpicked for you.

So whether you’re just curious about what’s out there or seriously hunting for your next big move, scroll down, something might just catch your eye. If not, at least you’ve got us keeping you company this morning.

Let’s dive in👇

Today’s Menu ☕️

🏛️ New CBN Guidelines on POS: ₦1.2m Cap, ISO 20022, Geo-Fenced Devices
🏢 Nigeria Appoints New Startup Representatives to National Digital Innovation Council
📶 Airtel Africa Tests Satellite Internet on Moving Train in Sub-Saharan Africa
💵 Tagaddod’s $26.3M raise signals a new phase for Africa’s waste-to-fuel supply chain
💰Sabika secures six-figure strategic investment led by M-Empire Angels
🏦 Capitec eyes global expansion amid strong earnings growth
🏫EduLife expands into Gauteng with acquisition of Arrow Academy

🏛️ GOVERNANCE

New CBN Guidelines on POS: ₦1.2m Cap, ISO 20022, Geo-Fenced Devices

In August 2025, the CBN set the industry’s technology foundation by mandating ISO 20022 payments messaging and mandatory geo-tagging/geofencing of terminals, with clear certification timelines.

On Monday, the apex bank released a circular that operationalizes that agenda—adding transaction caps (₦1.2m per agent; ₦100k per individual), monthly, data-rich reporting (due by the 10th), designated accounts/wallets, real-time processing with instant reversals, public agent registers, and graduated sanctions.

Together, the two policies move the market from rapid, loosely governed expansion to trusted, auditable, tech-secure scale......…continue reading

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📶 TELECOMS

Airtel Africa Tests Satellite Internet on Moving Train in Sub-Saharan Africa

Airtel Africa has achieved a major milestone by successfully testing satellite-powered internet connectivity on a moving train — the first of its kind in Sub-Saharan Africa. Conducted over a 669-kilometre route, the pilot — in partnership with Eutelsat OneWeb — maintained uninterrupted high-speed internet with speeds up to 100 Mbps download and 20 Mbps upload, even across remote and forested areas.

The breakthrough promises to transform Africa’s railway systems by enabling real-time operations monitoring, digital ticketing, onboard Wi-Fi, and improved passenger experiences. It also demonstrates how satellite broadband can bridge Africa’s toughest connectivity gaps....…..…continue reading

🏢 STARTUPS

Nigeria Appoints New Startup Representatives to National Digital Innovation Council

Nigeria has announced the election of four new startup representatives to the National Council for Digital Innovation and Entrepreneurship (NCDIE), a key body driving the implementation of the Nigeria Startup Act. The representatives, elected through the Startup Consultative Forum (SCF) under NITDA’s Office for Nigerian Digital Innovation (ONDI), will serve for two years.

Their role is to ensure that startups, founders, and ecosystem enablers actively contribute to national digital economy policies.....…continue reading

💵 FUNDING

Tagaddod’s $26.3M raise signals a new phase for Africa’s waste-to-fuel supply chain

Egyptian cleantech startup Tagaddod has raised $26.3 million in Series A funding to expand its digital platform that sources and certifies renewable, waste-based feedstocks for the biofuels and sustainable aviation fuel (SAF) industries. The round was led by The Arab Energy Fund (TAEF) with participation from FMO, Verod-Kepple Africa Ventures (VKAV), and A15.

Founded in 2013, Tagaddod digitizes the collection of used cooking oil, animal fats, and other waste materials from households, restaurants, and food processors — ensuring traceability and certification to export standards.....…..…continue reading

Moniepoint - Senior UI/UX Designer- Lagos, Nigeria
Sproxil - Software Developer- Lagos, Nigeria
Moniepoint - Senior Mobile Engineer(Flutter)- Lagos, Nigeria
Moniepoint - IT and Data Privacy Auditor- Lagos, Nigeria
Moniepoint - Motion Designer- Lagos, Nigeria

💰INVESTMENTS

Sabika secures six-figure strategic investment led by M-Empire Angels

Egyptian fintech startup Sabika, a Sharia-compliant digital investment platform for gold and silver, has raised a six-figure USD strategic investment led by M-Empire Angels, founded by Dr. Maged Ghoneima.

The platform enables users to make ethical, asset-backed investments in precious metals, combining technology with transparency and Islamic finance principles. Since launch, Sabika has grown organically to serve over 20,000 users across 27 Egyptian cities, with more than EGP 120 million in transaction volume...........…continue reading

🏦 BANKING

Capitec eyes global expansion amid strong earnings growth

Capitec, South Africa’s largest bank by customer base with over 25 million clients, is preparing for international expansion, marking a major strategic shift beyond its home market.

In its latest half-year results (ending August 2025), Capitec reported a 26% rise in headline earnings to R8 billion, partly driven by its European and Latin American loan subsidiary AvaFin, which saw loan disbursements soar 94% year-on-year. Capitec now owns over 95% of AvaFin, which contributed R121 million to group earnings.

New Group CEO Graham Lee, who brings global experience from Zimbabwe, Nigeria, the UK, and Australia, is leading efforts to explore new markets abroad, though specific expansion targets have yet to be finalized........…continue reading

🏫 EDUCATION

EduLife expands into Gauteng with acquisition of Arrow Academy

EduLife, a fast-growing South African private schools group backed by Sanari Capital, has expanded into Gauteng Province through the acquisition of Arrow Academy in Centurion, near Pretoria.

Arrow Academy, which serves around 400 learners, brings EduLife’s total enrolment to over 4,000 students across its campuses. The group plans to expand the Centurion site to include a high school, strengthening its presence in the province.

Founded with The Academy of Excellence in Bloemfontein, EduLife has become the largest private education provider in the Free State and has also expanded into the Eastern Cape. Backed by Sanari’s 3S Growth Fund, the group focuses on providing affordable, high-quality education to under-resourced communities........…continue reading