Nigerian Tech Daily: Zimbabwe's Pizza Inn Owner Invests in Kenya, Nigeria's Mobile Subscription

Zimbabwe's Pizza Inn Owner Invests in Kenya's Delivery Arm

Zimbabwe's Simbisa Brands has acquired the remaining 25% stake in Kutuma Kenya, the delivery company for its fast-food chains, for $664,000. This investment comes as home delivery accounts for more than a quarter of the group's turnover in Kenya.

What Happened

• Simbisa Brands bought out the minority shareholder in Kutuma Kenya for $664,000.
• The acquisition gives Simbisa full ownership of the delivery company.
• Home delivery accounts for more than a quarter of the group's turnover in Kenya.

Why It Matters

• This investment highlights the growing importance of delivery services in Africa's fast-food industry.
• The acquisition demonstrates Simbisa's commitment to expanding its presence in Kenya's market.

Nigeria's Mobile Subscriptions Rise to 200 Million

Nigeria's active mobile subscriptions have risen to 200.3 million in September 2026, recovering from the sharp decline that followed the enforcement of the National Identification Number (NIN)-SIM linkage policy.

What Happened

• Nigeria's active mobile subscriptions rose 29% in two years to 200.3 million in September 2026.
• The rebound remains concentrated among two operators, with MTN and Airtel accounting for about 86% of active connections.
• MTN had 104.6 million active subscriptions in September, while Airtel had 95.7 million.

Why It Matters

• The rise in mobile subscriptions indicates a rebound in Nigeria's telecommunications sector.
• The concentration of active connections among two operators highlights the need for increased competition in the market.

Nvidia Faces Turbulent Period

Nvidia is facing one of its most turbulent periods in years, with its stock falling roughly 25% from its recent peak and wiping more than $1 trillion from its market capitalization.

What Happened

• Nvidia's stock has fallen roughly 25% from its recent peak.
• The selloff has intensified following reports of a national security investigation involving CEO Jensen Huang.
• Despite the sharp decline, CoinCodex's latest Nvidia price prediction suggests the chipmaker could gradually recover.

Why It Matters

• Nvidia's turbulent period highlights the volatility of the artificial intelligence trade.
• The decline in Nvidia's stock price has significant implications for the broader technology sector.

Hodi Launches African Cloud Certified

Hodi has launched African Cloud Certified, offering free certification to 300 African cloud professionals.

What Happened

• Hodi launched African Cloud Certified, a free certification program for African cloud professionals.
• The program aims to equip 300 African cloud professionals with the necessary skills to succeed in the industry.
• The certification program is designed to address the shortage of skilled cloud professionals in Africa.

Why It Matters

• The launch of African Cloud Certified highlights the growing demand for skilled cloud professionals in Africa.
• The program aims to address the shortage of skilled cloud professionals in the region.

President Tinubu Bets on Digital Infrastructure

President Bola Tinubu is betting on a massive expansion of Nigeria's digital infrastructure and the creation of one million export-linked digital jobs to secure tech sector support in 2027.

What Happened

• President Tinubu has announced plans to expand Nigeria's digital infrastructure.
• The expansion aims to create one million export-linked digital jobs.
• The initiative is designed to secure tech sector support in 2027.

Why It Matters

• The expansion of Nigeria's digital infrastructure highlights the government's commitment to developing the country's technology sector.
• The creation of one million export-linked digital jobs aims to address the country's unemployment crisis.

JAXOPAY Targets Africa's Cross-Border Payment Gap

JAXOPAY, a Nigerian fintech platform, is targeting Africa's fragmented cross-border payment market with a service that enables users to send and receive payments across 31 countries.

What Happened

• JAXOPAY has launched a service that enables users to send and receive payments across 31 countries.
• The service aims to address the fragmentation of Africa's cross-border payment market.
• The platform targets users who require a seamless and secure payment experience.

Why It Matters

• JAXOPAY's service highlights the need for innovative solutions to address Africa's fragmented cross-border payment market.
• The platform aims to provide a seamless and secure payment experience for users.

The Takeaway for Nigerian Businesses & SME Operators

In today's fast-paced technology landscape, Nigerian businesses and SME operators must prioritize rapid response times and customer availability to stay ahead of the competition. The rise in mobile subscriptions and the expansion of digital infrastructure highlight the growing importance of technology in Nigeria's economy. By embracing innovative solutions and prioritizing customer experience, Nigerian businesses and SME operators can capitalize on the opportunities presented by the country's growing technology sector.