Hi, welcome to Tech This Evening, an After-Work Tech Newsletter from Techparley Africa. Sure, there is a lot to unpack right now. Sit back, while I walk you through.
Top Story: Inside Nigeria’s Terra Industries Plan to Build Africa’s Largest Drone Factory in Ghana
Terra Industries, Africa’s defence technology startup, is constructing a 34,000-square-foot drone manufacturing facility in Accra, Ghana, as it seeks to position itself at the centre of the continent’s rapidly evolving security landscape.
The plant, named Pax-2 is expected to become Africa’s largest drone production facility when it begins operations in June 2026, marking Terra’s first major manufacturing expansion outside Nigeria.
The Accra facility will more than double Terra’s current manufacturing footprint, surpassing its 15,000-square-foot flagship plant in Abuja. Once fully operational, Pax-2 is projected to produce up to 50,000 drones annually by 2028.
Founded in 2024 by Nwachuku and Maxwell Maduka, Terra’s leadership has framed the expansion as part of a broader effort to build indigenous defence capabilities across Africa.
“The only way Africa can have lasting peace is by uniting to build sovereign defence, not by relying on foreign security architecture,” Nathan Nwachuku, Terra’s co-founder and chief executive, stated in a statement.
Other Tech News Stories You Should Read:
Business Corner: Why You Should Start a Fintech Startup in Africa and How to Launch It. Read now.
Inside Cents $140m Plan to Power the Future of Laundry with AI, Software, Data and Digital Payments. Read now.
Kenya’s Innovate Now Expands Assistive Technology Accelerator, Placing Persons with Disabilities at Centre of Innovation. Read now.
On Startup Spotlight:
How Nigeria’s Esca Finance is Building FX Infrastructure to Protect Businesses from Currency Instability
Esca Finance, a foreign exchange infrastructure startup founded by Nigerian entrepreneur Shalom Osiadi, is seeking to solve one of Africa’s currency instability.
Esca is building infrastructure that allows businesses to convert and hedge local currency exposure into hard currencies such as the US dollar, euro and British pound in real time.
The idea for Esca Finance emerged from a personal financial shock experienced by Osiadi’s family during Nigeria’s currency crisis in 2022.
As the naira weakened sharply against the dollar, properties his parents had acquired in Nigeria before emigrating to Ireland lost significant value in dollar terms, despite no change in the underlying assets. That experience, he said, crystallised a broader structural problem facing African businesses.
“I built a Euro‑backed stablecoin in 2018, which taught me financial engineering. I used that experience to build an ecosystem that lets businesses hedge currency exposure in volatile markets like Nigeria, using stablecoins and Bitcoin inside the infrastructure. That’s essentially what became Esca today,” said Osiadi.
Quadri Adejumo brings you all the details. Read here.
Also Read:
A15 Secures Ninth Exit as Egypt’s PopArabia Acquires Viral Wave, Expanding Music Power Play Across MENA. Yakub Abdulrasheed brings us the details, here.
Quote of the Day:
“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke.
Thank you for joining me yet again this evening. Stay safe, and see you tomorrow for the next tech newsletter.
Best, Quadri
