🌱Presco Lands $100M Boost from SIAT

TGIF☀️

Some brands talk about “traffic,” but Chowdeck just finished a Black Friday week that looked more like Third Mainland at rush hour, except instead of cars, it was pure orders. Not the slow kind. The company pulled in a jaw-dropping ₦1.4 billion in just four days, turning what was supposed to be a discount weekend into a full-blown logistical Olympics. Riders were flying, customers were refreshing, apps were sweating, and somehow… everything still moved.

It’s one thing to offer good deals. It’s another thing entirely to break your own delivery and traffic records while doing it. Whatever Chowdeck fed the country last weekend clearly worked because the numbers aren’t just big, they’re wild.

So, before we dive into the rest of today’s stories, let’s take a moment to appreciate when Nigerian tech decides to go full throttle and actually pulls it off. Black Friday may be over, but the aftershock is still echoing across the ecosystem.

Let’s dive in.👇

Today’s Menu ☕️

🌱 Presco Lands $100M Boost from SIAT
💵 Capitec & Stitch Debut SA’s First VRP
📶 Kenya Offloads 15% Safaricom Stake to Vodacom
🪙 UK Officially Declares Crypto as Property
🪙 Binance Launches Junior App for Kids’ Crypto Savings

🌱AGRICULTURE

Presco Lands $100M Boost from SIAT

Presco Plc has secured a landmark $100 million investment from Belgian agro-industrial group SIAT NV — the first phase of a larger $1 billion commitment planned for Nigeria over the next decade. The funding will expand Presco’s plantations, boost processing capacity, upgrade technology, and strengthen its workforce. Edo State, where Presco operates, is expected to benefit from new jobs and increased rural economic activity. The deal signals renewed foreign confidence in Nigeria’s agro-industrial sector and positions Presco for major regional growth.....….continue reading

 💵PAYMENTS

Capitec & Stitch Debut SA’s First VRP

Capitec Bank and Stitch have launched South Africa’s first Variable Recurring Payments (VRP) feature, allowing customers to make subscription and recurring payments directly from their bank accounts without using cards. Through Capitec Pay VRP, users can pre-authorize payments with spending limits, pause or cancel at any time, and automate variable charges for services like streaming, deliveries, mobile contracts, and more. For businesses, VRP promises higher payment success rates and smoother collections — marking a major step forward in SA’s digital payments infrastructure...….continue reading

📶TELECOMS

Kenya Offloads 15% Safaricom Stake to Vodacom

Kenya has agreed to sell a 15% stake in Safaricom to Vodacom in a landmark $1.6–$2.1 billion deal, marking one of Africa’s biggest telecom transactions this year. The sale will help President Ruto’s government ease debt pressures and seed a new National Infrastructure Fund. If approved, Vodacom’s ownership will rise to 55%, giving it full control of Safaricom and strengthening its telecom-fintech dominance across East Africa. Safaricom and Vodacom say the move will accelerate digital and financial inclusion in Kenya and Ethiopia, while analysts view it as a strategic long-term play despite the high price tag....….continue reading

 🪙CRYPTOCURRENCY

UK Officially Declares Crypto as Property

The UK has passed the Property (Digital Assets etc.) Act 2025, formally recognizing cryptocurrencies, NFTs, and other digital assets as a new category of personal property. The landmark law — described as the biggest shift in English property law in centuries — provides clear legal protections for ownership, inheritance, asset recovery, and fraud cases. By removing long-standing legal ambiguity, the Act strengthens investor confidence and positions the UK as a global leader in digital finance. Regulators are also advancing rules for stablecoins and crypto exchanges, signalling a major push toward a fully regulated digital asset economy.................…continue reading

🪙CRYPTOCURRENCY

Binance Launches Junior App for Kids’ Crypto Savings

Binance has introduced Binance Junior, a parent-controlled crypto savings app for children aged 6–17. The platform allows parents to fund and oversee their kids’ accounts while young users earn rewards through Simple Earn — with all trading and high-risk features strictly blocked. Teens 13+ get limited transfer options under full parental monitoring. The goal is to build early financial literacy and responsible saving habits. Binance also released “ABC’s of Crypto,” an educational book that teaches blockchain basics to families................…continue reading

OTHER STORIES

• NBA Africa Unveils 10 Finalists for Second Triple-Double Accelerator….continue reading

• OpenAI Acquires Neptune.ai to Improve AI Model Training………continue reading

• ₦1.4 Billion in 4 Days: Chowdeck’s Black Friday Push Breaks Delivery and Traffic Records….continue reading

• Nigerian Banks Can’t Keep Blaming Customers for Scams — CBN’s New Rule Calls Their Bluff….continue reading

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