Condia Insider: Chowdeck cracks Ghana in record time

We have prepared context and insights about this week’s leading news. The stories are:

• MTN bounces back with ₦414 billion profit in H1 2025
• Treepz launches in Canada
• Chowdeck cracks Ghana in record time

We also curated updates on startup funding in Africa, weekend reads, and several opportunities.

MTN bounces back with ₦414 billion profit in H1 2025

MTN Nigeria has wiped its financial tears and pulled off a comeback, raking in ₦414 billion in profit in H1 2025. The telco pulled in ₦2.3 trillion in revenue (up 54.5% YoY), riding high on a more stable FX, a hungrier-than-ever data market, and tariff adjustments.

Zoom In: Data finally dethroned voice as the cash cow, raking in ₦1.23 trillion (vs ₦887 billion for voice). Average data usage jumped 26.3% to 13.2 GB per user, helped along by price bumps and ongoing network investments.

Fintech also did its bit, bringing in ₦83 billion. But with mobile money wallets taking a 51% nosedive, MTN has its work cut out to get people actually using them again.

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Context: Airtel’s also riding the same economic high. The telco clocked a $156 million profit in Q1 2025, up 408%, as FX pressure in Nigeria eased. Mobile money and subscriber growth did the heavy lifting, especially in its biggest market, Nigeria, where revenue in naira terms rose 28.5%.

Meanwhile in South Africa, MTN MoMo has rolled out a rent-to-own smartphone service, giving customers access to 4G and 5G devices for as little as R10 a day.

Treepz launches in Canada

“If you can handle traffic in Lagos, you can handle it anywhere in the world.” That’s how Brampton Mayor Patrick Brown welcomed Treepz, the Nigerian-born mobility startup, to Canada.

The startup has officially launched operations in Brampton, Ontario, with the University of Toronto–backed African Impact Initiative as its first North American client. It’s a big step for the five-year-old startup, which began by tackling urban transport chaos in Lagos and now wants a piece of the global corporate mobility pie.

Zoom In: Since 2019, Treepz has grown to serve over 6 million users across 25 cities in five African countries. But its Canada expansion didn’t come out of nowhere. CEO Onyeka Akumah began laying the groundwork back in 2021 during the Techstars Toronto accelerator. That’s where he connected with Canadian investors and policymakers, eventually landing Treepz in Brampton’s BHive startup program and the World Trade Center’s Trade Accelerator.

Treepz now wants to simplify business travel for organizations moving between Africa and North America. Its services include flights, accommodation, local transport, and curated itineraries for delegations visiting countries like South Africa, Ghana, Kenya, and Rwanda.

And they’re not alone. Moove, another mobility company born in Nigeria, is now operating in the US and India. Meanwhile, global players like Uber and Lyft are chasing the next wave with autonomous vehicles and new takes on customer experience. 

Chowdeck cracks Ghana in record time

Chowdeck has done in three months in Ghana what took nearly a year in Nigeria, crossing 1,000 daily orders. The YC-backed food delivery startup launched in Accra in May 2025.

CEO Femi Aluko called it more than just a number, saying the milestone proves Chowdeck’s vision “transcends borders.” And right now, Ghana seems to agree.

Chowdeck’s not new to tough markets. It’s pulled in over a million customers and 20,000 riders in Nigeria’s $1 billion food delivery scene. But Ghana is another beast, with lingering memories of Jumia Food and Glovo bowing out, and rivals like Bolt Food and Uber Eats still active.

To win over both riders and customers, Chowdeck has rolled out gamified incentives like Rider Games (a performance-based incentive),  customer perks like GHS10 off your first order, and a loyalty program called ChowScore (for free deliveries and exclusive discounts).

If Chowdeck is able to sustain this momentum, then Ghana might just be the start of a bigger continental takeover.

💰 State of Funding in Africa

Here’s a roundup of African startups that secured funding this week:

• Swyft, a Cameroon-based logistics tech startup, has secured an undisclosed pre-seed investment from the University of Michigan’s International Investment Fund (IIF) to scale its B2B and B2C delivery services across Africa.
• Kenya’s Sun King has secured a $156 million securitisation deal, the largest in Sub-Saharan Africa outside South Africa, to scale affordable solar. The deal was structured by Citi and placed by Stanbic Bank Kenya.

🍿 Weekend binge

• The harsh truth no one tells you about building
• Why Omolara Sanni left 9–5 to build Midddleman
• Netflix is now using generative AI – but it risks leaving viewers and creatives behind

💼 Opportunities

We carefully curate open opportunities in Product & Design, Data & Engineering, and Admin & Growth every week.

Product & Design

• Remote — Senior Product Designer, Remote
• Uridium — UI/UX Designer, Remote

Data & Engineering

• Cleva — Senior Backend Engineer, Remote
• Uridium — Frontend Developer, Lagos

Admin & Growth

• Terminal — Community Manager, Lagos
• Aragon — Content & Social Lead, Remote