#18 Moniepoint’s unicorn round made its employees billionaires

In this episode of the Tech Tides Africa podcast, Kelvin and Karen discuss Moniepoint’s historic unicorn funding round, which not only cements its place among Africa’s top fintech giants but also made billions of naira for its employees — a rare wealth-sharing moment in Africa’s startup ecosystem.

They also discuss Kenya’s Equity Group’s mass layoff of 1,200 employees following a $15.4 million internal fraud probe — a shake-up that could have ripple effects across the region’s banking sector.

Also in this episode:

Access Bank completes its acquisition of NBK, strengthening its position in East Africa.

Kenya plans to relocate health data from the US in response to Trump-era USAID cuts.

Nigeria’s Medsaf shuts down, highlighting ongoing struggles in Africa’s healthtech space.

Sierra Leone goes green with 5G, positioning itself as a pioneer in sustainable telecom innovation.

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