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Industry Analysis
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Technext industry analysis helps you see beyond the headlines by following the news behind the news, following through, revealing what is in-between and pointing out what is evident but not glaring.
Fraudsters make up bulk of early adopters of new fintech- Feranmi Ajetomobi tasks on compliance
The rush from early adoption by fraudsters might appear like rapid growth
Ethio Telecom announces 40% half-year revenue growth
Ethio Telecom, an Ethiopian-owned telco, has reported a half-year revenue increase, jumping more than 40 per cent to…
From dwindling funding to dying prospects: what is wrong with health tech in Nigeria? -A chat with Afrihealth CEO, Linda Obi
In 2020 alone, health tech startups across Nigeria raised more than $100 million with startups like 54Gene and Helium Health leading the pack. But, rather than have a launchpad effect on the space, the cookie crumbled afterwards...
30 University of Ibadan students undergo Infinix/UNESCO AI training, to become peer trainers
The AI training is meant to empower the students with these emerging tech skills to become peer trainers
Are Nigeria’s unicorns truly billion-dollar giants amid naira’s 82% decline?
Nigeria’s tech ecosystem has celebrated a record number of unicorns —companies valued at over $1 billion —over recent…
NIN-SIM verification: Telcos lose 67.2m subscriptions in one year as data usage rises by 26%
Internet data subscriptions also witnessed an uptick in the 12 months under review
“Uber and Bolt make over N36 billion annual revenue from Lagos while we are treated as slaves” – drivers union, AUATON says
The union also accused Uber and Bolt officials of living extravagantly at drivers expense
Despite clampdown, Nigeria emerges 2nd in global crypto adoption – Chainalysis
African countries behind Nigeria in the top 30 are Ethiopia, Kenya, and South Africa
Startup funding: African startups raised $600m in Q3, a steep rise despite global slump
The impressive African startup funding numbers were powered by 44 startups that raised at least $1 million
Global tech startups raised $54.7bn in Q3 2024, the lowest quarterly funding since 2020 – Report
2024 is well on track to be the slowest global startup funding year since 2020