Big bonus for MTN Nigeria CEO

Hello,

Delight here,

Here’s what I have for you today;

Global work infrastructure, but in Africa
MTN Nigeria CEO’s $335k payout
Madica to invest $600,000 in three startups

MTN just gave its Nigeria CEO a $335K stock bonus

Karl Toriola, CEO of MTN Nigeria, has been awarded $335,000 worth of shares as part of MTN Group’s performance-based compensation plan. The shares, which are 28,700 units, aren’t a cash payout; they’re tied to long-term targets.

This is part of a broader $9.5 million share allocation to top executives across the group, linked to metrics like shareholder returns, cash flow, and ESG goals.

A bonus, but also a bet: Toriola only fully benefits if MTN keeps performing over time. If targets aren’t met, the value drops. If they are, leadership wins alongside shareholders.

Why does this matter? Because Nigeria has become MTN’s biggest profit engine, making Toriola one of the most critical operators in the entire group.

Related Story: Creators in Malawi to start earning online in April

Zoom out: African telcos are dealing with currency pressure, rising costs, and tighter margins. Instead of fixed pay, they’re tying compensation to performance to stay disciplined.

Bringing global work closer to home

For many African talents, the problem isn’t just finding jobs, it’s accessing them. On remote gigs and global marketplaces, the opportunities exist, but the systems to plug into them often don’t.

Victoria Fakiya – Senior Writer

Techpoint Digest

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That’s the gap Chris Agholor is trying to close with Totlesoft.

Launched in 2024, Totlesoft is building an all-in-one platform for work, business, and research. Instead of jumping between freelance sites, affiliate platforms, and survey tools, users can do everything in one place. They can apply for jobs, earn from microtasks, promote products for commissions, and even participate in paid research.

The idea is simple: if access is the problem, then infrastructure is the solution.

Still early, the platform has crossed 2,000 users and generated just under $10,000 in revenue, mostly through a 5% commission on transactions.

To learn more about Totlesoft and how it bridges the gap between African talent and the global workforce, read the full story here.

Madica to invest $600,000 in three startups

Madica has backed three startups across Nigeria, Kenya, and Tanzania, committing up to $600,000 in total, which is $200,000 per startup.

The companies — Kilimo Fresh, Hakimu, and Biovana — span agritech, legal tech, and health data. A deliberate focus outside fintech, which is Africa’s most funded sector..

Since launching in 2022, Madica has focused on founders who typically get overlooked by venture capital, whether due to geography, sector, or weak investor networks.

Now it’s doubling down on that thesis: Backing underfunded sectors while giving founders an 18-month support system, which includes mentorship, investor access, and ecosystem exposure.

Alongside the investments, Madica released a 75-page fundraising guide for first-time founders, breaking down how to raise pre-seed capital in Africa—myths, trade-offs, and actual templates included.

Related Story: Nigerian startups get funding boost

Why does this matter? Because early-stage funding in Africa is still heavily concentrated in a few sectors and cities. Madica is trying to widen that pipe, both with capital and with information.

What I’m watching

OGERE: Nigeria’s Most Feared Highway Gangsters
The Windows Laptop Problem

Opportunities

Qore is hiring for several roles, including Cloud Infrastructure Engineer, Lead Product Manager, Full Stack Software Engineer (.NET framework & React), and Software Engineer (.NET framework), in Nigeria and Ethiopia. Apply here.
Rayda is recruiting People & Culture Manager, Legal & Compliance Officer, and Technical Product Manager. Apply here.
Source Bank is looking for a Product Analyst. Apply here.
Flutterwave is hiring for several roles in Nigeria, the UK, and the US. Apply here.
LemFi is looking for a Head of Financial Crime Operations in the UK. Apply here.
Cognition is hiring a Developer Community Manager. Apply here.
Chess dot com is looking to hire a Product Designer. Apply here.
Bujeti is currently expanding operations and hiring across several roles. Apply here.
Prenetics is hiring a remote Email Marketing Specialist. Apply here.
InterviewReady is looking for a Software Developer, a Product Associate, and a Marketing Associate. Apply here.
Flutterwave is recruiting for several roles. Apply here.
Briter is hiring a Commercial Director, a Senior Research Associate, and an Insights and Market Intelligence Associate. Apply here.
Opay is currently recruiting for these roles: Partnership Manager (Fintech Experience), Junior Accountant, Junior Product Manager (Research), and IT Manager.
Oyster is looking to hire a Risk Analyst. Apply here.
Circle is looking to hire a Lead Product Designer (Remote). Apply here.
SafetyWing (YC W18) is hiring a Product Manager Intern (fully remote). Apply here.
Paystack is hiring a Performance Marketing Specialist. Apply here.
VOYA (visa travel tech startup) is hiring an Operations and Admin Director (fully remote). Apply here.
MTN MoMo TechSpark Graduate Programme is open. Apply here.
MAX is looking for interns. Apply here.
McKinsey is hiring for several roles, including Junior and Senior roles. Apply here.
Paystack is hiring a Business Development Partner. Apply here.
Zenith Bank is recruiting a Junior Software Tester Quality Control. Apply here.
UNICEF Abuja is looking for a National Consultant (Immunization Programme Monitoring and Evaluation). Apply here.
Standard Chartered Bank is hiring an Executive Research Partner. Apply here.
e-Tranzact is looking to hire a product marketing officer. Apply here.
Bumpa is hiring for several roles, including Bumpa Expert Lead (Account Management) – Customer Success; Product Designer; and Mid-level Motion/Graphic Designer, Mid-level Full-stack Engineer (Commerce), and Senior Fullstack Engineer (Commerce). Apply here.
ABDS 2026 will take place April 29–30, 2026, in Lagos, gathering founders, investors, developers, and policymakers shaping Africa’s blockchain and Web3 ecosystem. The summit focuses on industry insights, partnerships, and investment opportunities in one of the world’s fastest-growing crypto markets. Secure your pass or sponsorship here.
Paga is hiring a Sales Manager. Apply here.
Paga is hiring senior sales executives. Apply here.
Paga is looking for sales executives. Apply here.
Paga is recruiting Senior Key Account Managers. Apply here.
Paga is hiring Account Managers. Apply here.

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