Hello,
Chimgozirim here,
Here’s what I have for you today:
- Nigeria is coming for your remote work dollars
- Another cross-border transaction solution
- Jumia is replacing its workforce with AI
Nigeria is coming for your remote-work dollars
Remote workers are about to be sad. The Presidential Committee on Fiscal Policy and Tax Reforms says the country has now entered agreements with more than one hundred nations, including the US, UK, and Canada, to track residents earning foreign income.
If you’re freelancing for a company abroad, the government can now know exactly how much you earn without asking you. Under the new system, remote workers will have to declare their foreign earnings, and the government will match those declarations with automated intelligence from global reporting networks.
Any mismatch between what lands in your Nigerian bank account and what you declare could trigger a presumptive tax assessment. In plain English: they’ll estimate what they think you should be paying.
For remote workers, it means the tax net just got a lot smarter. For fintech companies handling international inflows, compliance might become tougher.
Bottom line: If you’re earning abroad while living in Nigeria, this is your cue to tidy up your tax records. Start by getting your tax identification number (TIN).
Cardri wants to power intra-African trade
“Payments are the backbone of business, especially intra-African trade,” Bolaji Okunade, CEO and Co-founder of Cardri, tells Techpoint Africa.
He’s not wrong, but moving money across African countries can be challenging, especially when you have to send in your local currency to another region. First, there’s the stress of currency conversion and then the high rates.
Well Cardri wants to solve that with its instant cross border payments. Simply put, they want to to make sending and receiving money across Africa as straightforward as a local transfer on Opay.
Through its mobile app and WhatsApp integration, a trader in Nigeria can instantly send Naira directly to a recipient in Kenya, who receives Kenyan shillings, all transparently at the prevailing exchange rate.
So far, the platform supports payments to 20 African nations and global payouts to 92 countries, and more than 1,500 users have already processed over $500,000 through the platform.
But, Cardri isn’t just about payments alone. It integrates an AI-powered risk management engine as well.
Want to know how Cardri’s AI engine works? Read all about Cardri in Delight’s latest for Techpoint Africa.
Jumia slashes workforce as it leans into AI
Jumia has joined its colleagues from other countries — like Amazon — to reduce work workforce and lean into AI. It has cut staff by 7% to 2,000. The company is accelerating the adoption of artificial intelligence across customer service, marketing, and tech functions.
The move comes as Jumia reported a thirty-per cent year-on-year increase in orders and strong growth in its Nigerian business, but also persistent operating losses.
By leaning into AI-driven efficiency, Jumia’s aiming to cut costs and boost productivity — all part of its self-declared path to break even in the fourth quarter of 2026 and full-year profitability by 2027.
Do you still think AI won’t take your job? Big-tech style workforce reductions are no longer the preserve of Silicon Valley alone; African tech companies are now making similar structural shifts. Some African fintech CEOs recently revealed how they’re using AI in their companies, and one of them said, “If you’re not worried, then you’re not paying attention.
In case you missed it.
PiggyVest, Quidax, others share how they use AI at Kora Sundown Sessions 2025
6 African founders in the diaspora who have raised over $100m in funding
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