Weekly DigestApril 27, 20260
The auction that changed everything: How Nigeria’s 2001 GSM licence sale built the foundation of a tech economy
Interswitch, Flutterwave, and Paystack exist because of the 2001 GSM licence auction. Before it, Nigeria had 400,000 phone lines for 120 million people. Four years later, it had 10 million mobile subscribers. Two decades later, it has Africa's largest fintech market.
By Admin
Source: Techpoint Africa · Nigeria
Interswitch, Flutterwave, and Paystack exist because of the 2001 GSM licence auction. Before it, Nigeria had 400,000 phone lines for 120 million people. Four years later, it had 10 million mobile subscribers. Two decades later, it has Africa's largest fintech market.
Part of the Africa Dev Week of April 27, 2026 weekly digest.