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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.
Lagos tech ecosystem worth $8.4bn as early stage funding records 227% increase in Sub-Saharan Africa between 2018-2022
Sub-Saharan Africa has seen a 227% increase in early-stage funding amount between 2018 and 2022 according to a…
Startups in Africa raised $645m in May 2023
Startups in Africa raised $645 million in May 2023 through at least 50 $100,000 deals. This is recorded…
Economic impact of internet shutdowns from 2019-2023 as governments get bolder
Government internet disruptions have cost the global economy $42.71 billion since 2019, and resulted in 445 significant internet…
The state of eSports in Nigeria I: Why more investors should jump on gamers’ newest interest
This is the first of a two-part story of the African gaming market. This one is told through the eye of eSports players who believe Nigeria can do well in the international eSports scene if...
Nigeria’s mobile gender gap: 27% of female smartphone owners do not use the internet
Approximately 900 million women in low-and-middle-income (LMICs), two-thirds of women in South Asia and sub-Saharan Africa, do not…
$45 million was lost to crypto rug pull in May, outpacing DeFi exploits
The crypto scene has had a lot of ups and down since its coming of age, but a…
5 African countries pledged to uphold free internet in 2021 but broke that promise
The Nigerian Communications Commission (NCC), in a tweet Thursday, June 1, said that 150 million Nigerians have access…
Metaverse virtual properties have seen over 90% decline in the past year; is the fad finally fading?
A while ago, the Metaverse was heralded as the next digital frontier. However, the once-celebrated virtual reality faces…
Hollywood movies dominate Nigerian cinemas, what does this mean for Nollywood?
The last three months [March, April, and May] have shown that the cinema culture in Nigeria favours Hollywood…
African Fintech is projected to generate $65 billion with a 32% CAGR by 2030, but certain issues must be addressed
Although African Fintech is expected to have a 32% CAGR by 2030, there are still some challenges that…
