Good morning, and cheers to an unforgettable Moonshot!
Moonshot 2026 is over, and what an eventful, blockbuster two days it has been. Thousands of founders, traders, operators, policymakers, and builders packed the National Theatre in Lagos, Nigeria, for conversations that stretched from AI and fintech to capital markets, commerce, cybersecurity, and the way forward for African expertise. Packed levels, hurried hallway conversations, acquainted faces, new connections, and concepts saved us speaking lengthy after the lights went out. If you had been there, thanks for being a part of it. If you missed it, we’ve received loads of tales, interviews, and takeaways coming your method.
Thank you, Lagos!
—Emmanuel
Read good insights about Francophone Africa’s tech ecosystem—weekly.
Moonshot
Acecore wins $10,000 at Moonshot 2026’s TC Battlefield
If you thought African startups had been operating out of issues to resolve, you solely wanted to spend a while at Moonshot 2026’s Startup stage in Lagos to rethink.
Fertitude, a healthtech startup, pitched its digital platform that mixes reproductive well being monitoring, AI-powered steerage, and entry to healthcare specialists. Lena, an edtech startup, confirmed the way it makes use of AI-powered video games to assist kids be taught topics equivalent to arithmetic and science. Qiqi Farms pitched its technology-driven meals distribution enterprise, which connects farmers to markets and makes use of cold-chain infrastructure to ship recent produce.
These startups, alongside seven others, made the ultimate ten of TC Battlefield 2026, TechCabal’s annual startup pitching competitors, sponsored this yr by Yango Group, the Dubai-based expertise firm. The competitors allowed founders to pitch their companies to traders and compete for $17,500 in equity-free funding.
After the pitches, Acecore gained, taking dwelling the $10,000 grand prize. The Nigerian climate-tech startup is constructing domestically manufactured, AI-powered photo voltaic battery programs by means of its Powercell product. Paired with its Powercore app, the system permits customers to observe vitality efficiency and handle their energy provide, providing a substitute for unreliable electrical energy.
Supplya, a Nigerian startup that helps small retailers supply stock from producers and entry interest-free buy-now-pay-later (BNPL) financing, was first runner-up, successful $5,000. Navidyn Limited completed third, taking dwelling $2,500.
TC Battlefield is an annual startup pitching competitors, held as a part of the Moonshot convention. It offers early-stage African startups a platform to showcase their merchandise and compete for equity-free funding and different progress alternatives. The competitors has change into a recurring characteristic of Moonshot, with Ulé Homes, a Nigerian proptech startup that helps individuals finance hire funds, successful final yr’s version.
Founders who missed out this yr have a chance for redemption. TC Battlefield will return at subsequent yr’s Moonshot.
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Moonshot
Moonshot Day 2 recap from Muktar’s POV
It’s a wrap. Moonshot 2026, the most important gathering in African tech, ended after two packed days at the National Theatre. You received all of it. Uber drivers requested passengers in the event that they had been heading to “that occasion.” People had been getting confused concerning the venue on Day 1. Over 7,500 individuals got here by means of the doorways, two giant exhibition halls ran out of house, and the tweets didn’t cease coming.
If you weren’t there, you most likely felt such as you had been lacking out. I used to be there, and I can verify you had been.
This was our fourth Moonshot, and each has been greater and louder than the final—and this yr raised the bar once more.
I bumped into my buddy Kwadwo, who flew in from Ghana, solely twice all day. Both occasions, he instructed me he had by no means anticipated something like this from us. That means one thing coming from him: Kwadwo works at the Bank of Ghana, which runs its personal massive tech occasion subsequent door.
Some of the most important crowds got here for Fu’advert Lawal and Sir Demola Aladekomo; Salem King and Chude Jideonwo; and Jessica Hope, Nana Aisha and Victor Fatanmi. Their periods crammed the convention rooms, with many individuals standing.
Away from the stage, within the National Theatre’s corridors, Moonshot did what it does greatest. Old buddies discovered one another once more, founders and traders swapped numbers and closed offers, and startups walked away with $20,000 at TC Battlefield.
Next yr, Moonshot returns for 3 days, and you may safely guess it is going to be greater. If, like me, you couldn’t be in two locations at as soon as and missed just a few periods, catch up on the best of them on our website.
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Telecoms
Herotel should open its fibre community to rivals
Herotel constructed its fibre enterprise like a personal highway. If you wished to make use of the highway, you additionally had to purchase Internet from Herotel. South Africa’s competitors regulator is now making it open the gates to rivals.
What occurred? Herotel, South Africa’s third-largest fibre community operator, will start promoting wholesale entry to its community to different Internet service suppliers (ISPs). The change was imposed as a situation of Vumatel’s takeover, accomplished in June. Vumatel now not directly owns 99.9% of Herotel.
Third-party ISPs should additionally obtain the identical pricing, service high quality, and supply phrases supplied to firms inside Vumatel’s guardian group.
Explain like I’m new right here: Herotel began by connecting smaller cities and underserved communities utilizing fastened wi-fi Internet, earlier than increasing aggressively into fibre in 2019. Unlike most giant South African fibre operators, it saved your entire buyer relationship to itself. Herotel constructed and owned the fibre, then bought Internet instantly over it.
Vumatel works in another way. It builds fibre networks and lets dozens of ISPs compete to promote web over these strains.
Between the strains: Open entry adjustments Herotel’s economics. It now not will get each retail buyer related to its infrastructure, as a result of one other ISP can now win that buyer. But each rival that sells a package deal over Herotel fibre additionally turns into a wholesale buyer.
That trade-off turns into extra vital as Herotel expands. It needs to succeed in one other 800,000 houses, taking its footprint past 1.4 million, largely in locations greater fibre operators have traditionally neglected.
Why it issues: Fibre is pricey to construct and low cost to go away idle. Opening Herotel’s community offers extra ISPs an incentive to promote connections over current infrastructure, probably growing what number of houses truly take up fibre.
Herotel is dropping exclusivity over its roads. The wager is that extra visitors could make up for it.
Capital markets
Banque du Caire’s IPO is 27x oversubscribed
For weeks, we’ve been talking about Banque du Caire’s imminent preliminary public providing (IPO), and the itemizing is now gaining momentum. Apparently, Egypt’s sixth-largest financial institution is in style with retail traders. The lender hasn’t gone public but, however traders are asking for extra shares than it has to offer—much more.
What occurred? Retail traders ordered about 9.29 billion shares within the Egyptian state-owned financial institution, though solely 343.1 million shares had been accessible to them. That made the retail portion of the IPO about 27 times oversubscribed.
At the ultimate worth of EGP 5.30 ($0.10) per share, roughly EGP 49.2 billion ($921 million) was chasing simply EGP 1.8 billion ($34 million) price of inventory. Investors will obtain about 3.7% of the shares they requested.
Explain like I’m new right here: The IPO was resulting from “execute” on October 29, whereas regular buying and selling begins on November 2. Those are two various things.
Execution doesn’t imply traders are already buying and selling Banque du Caire shares with each other. It is the step the place the IPO orders are finalised, shares are allotted to profitable traders, and Banque Misr, Banque du Caire’s proprietor, completes the sale. Once these shares sit in traders’ accounts, common buying and selling can start on the Egyptian Exchange (EGX).
Think of it as shopping for a live performance ticket earlier than the doorways open. You already personal your ticket, however the occasion has not began.
Between the strains: Retail demand seems to be large, however oversubscription solely tells us traders wished the shares at EGP 5.30 ($0.095). The greater take a look at begins when buying and selling opens, and patrons and sellers can set the market worth.
Retail traders even have some safety. During the primary 30 days of buying and selling, they’ll submit shares on the market at the IPO worth below a stabilisation association.
If Banque du Caire trades comfortably above EGP 5.30 ($0.095), Egypt could have one thing extra helpful than a closely oversubscribed IPO: proof that demand survived the bounce from the order guide to the open market.
CRYPTO TRACKER
The World Wide Web3
Source:
|
Coin Name |
Current Value |
Day |
Month |
|---|---|---|---|
| $78,533 |
– 2.15% |
– 5.83% |
|
| $2,245 |
– 3.51% |
– 16.11% |
|
| $717.05 |
– 5.11% |
– 6.15% |
|
| $98.22 |
– 2.39% |
– 17.85% |
* Data as of 06.50 AM WAT, October 30, 2026.
Job Openings
- Sparkle Nigeria — Business Growth Manager — Lagos, Nigeria
- Tech Safari — Content Lead — Nairobi, Kenya, and Abuja, Nigeria (distant, wherever in Africa)
- CredPal — Credit Underwriter — Lagos, Nigeria
- Pesa — Social & Influencer Marketing Manager — Remote (Nigeria)
- Bamboo — Product Manager (Misan) — Hybrid (Lagos, Nigeria)
- Àngeles Sostenibles — Operations Associate — Abuja, Nigeria
- Coinomad — Sales Manager, Business Development Manager — Nigeria
- Sumsub — Senior Anti-Fraud Analyst — Remote (wherever)
- AfriChange — Compliance Specialist — Remote (Nigeria)
- Scouthappy — Growth Lead for Fintech (Stocks) — Remote (Nigeria)
- Daya — Growth Product Manager (Daya Coins) — Remote (Nigeria)
- Qore — Site Reliability Engineering (SRE) Manager — Lagos, Nigeria
- Afreximbank — Student and Postgraduate Internship — Cairo, Egypt
Looking for extra alternatives? There are further openings on TechCabal’s job board. We’ve additionally cleared out outdated listings to maintain alternatives recent for job seekers. If you’re hiring and want to characteristic an open position, please submit it via this form.
Written by: Yemi Kareem, Muktar Oladunmade, and Emmanuel Nwosu
Edited by: Emmanuel Nwosu & Ganiu Oloruntade
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