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Today’s developments highlight how fintech growth, mobility innovation, e-commerce investment, and cybersecurity are shaping Africa’s technology landscape.
OPay has processed $358 billion ahead of a potential IPO, underscoring the scale of Nigeria’s digital payments market. Meanwhile, Uber is exploring ride options for children aged 10–12, expanding its mobility services to younger passengers.
In e-commerce, the International Finance Corporation is investing $25 million in Jumia to support its growth across Africa. At the same time, National Information Technology Development Agency has issued an urgent security advisory to WordPress website owners, highlighting growing cybersecurity risks.
Together, these developments reflect a digital economy increasingly shaped by scale, investment, new mobility models, and stronger cybersecurity.
Let’s dive in👇
Today’s Menu ☕️
🏦 OPay Processes $358B Ahead of Potential IPO
🚗 Uber Explores Rides for Kids Aged 10–12
💼 Vodacom appoints former Airtel Africa CEO Segun Ogunsanya to Board
🔐NITDA Issues Urgent Security Advisory to WordPress Website Owners
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🏦 BANKING
OPay Processes $358B Ahead of Potential IPO
OPay processed $358 billion in transactions in 2025, more than double the $166.2 billion recorded the previous year, as the Nigerian fintech builds its case for a potential $4 billion US IPO.
The company’s monthly active users rose 57% to 39.3 million, while lending expanded sharply, with new loans increasing 285% to $938.3 million. Revenue also jumped 161% to $536.3 million, and OPay returned to operating profitability.
Nigeria remains its core market, generating 88.1% of revenue, highlighting both the strength of its local business and its reliance on the Nigerian market.
OPay is increasingly expanding beyond payments into lending, savings and other financial services, encouraging customers to use multiple products within its ecosystem.
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🚗 RIDE-HAILING SERVICES
Uber Explores Rides for Kids Aged 10–12
Uber may be preparing to introduce a “Tween” ride service for children aged 10 to 12, based on references discovered in its iOS app. The feature has not been officially confirmed by the company.
The proposed service could allow parents to add younger children to Uber Family accounts, with additional safeguards such as a trusted adult contact and adults being present at both pickup and drop-off.
The move would extend Uber’s existing Uber for Teens service, which serves riders aged 13 to 17 and includes features such as trip tracking and audio recording.
The potential expansion could help parents manage school and extracurricular transportation, but child safety and supervision would be the biggest test.
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💼 APPOINTMENTS
Vodacom appoints former Airtel Africa CEO Segun Ogunsanya to Board
Vodacom Group is aggressively positioning itself for its next phase of corporate growth, announcing the appointment of Segun Ogunsanya, the former chief executive of major rival Airtel Africa, to its board. This high-profile strategic addition is accompanied by a wider boardroom restructuring designed to propel the telecommunications giant’s Vision 2030 strategy.
Alongside Ogunsanya’s appointment, Vodacom confirmed the impending conclusion of Saki Macozoma’s highly successful tenure as Chairman of the Board. He will be succeeded by Khumo Shuenyane, the current lead independent director, who will officially assume the role of Chairman on July 21, 2027.
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OTHER STORIES
NITDA Issues Urgent Security Advisory to WordPress Website Owners……continue reading
Epiroc expands African footprint with Eventspec acquisition……continue reading
Landmark partnership established to launch Tanzania’s first small-scale LNG Project….continue reading
Nigeria’s central bank launches regulatory sandbox for virtual assets and fintechs….continue reading
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Innovation Village