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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.
Extended Reality (XR): Here is why Nigeria should not miss the wave
The XR market is expected to reach approximately $346 billion by 2026 which represents a compounded annual growth rate of 46.5%...
Venture funding in Africa fell by 54% in Q3 2022 – report
A total of $74.5 billion was raised in Q3 2022...
More Nigerians are going cashless: E-payment transactions rise to ₦32.8trn in September 2022- NIBSS
...the September 2022 figure shows an increase of 39.5% in comparison with the ₦23.5 trillion recorded in the same month last year.
Declining hype? NFTs trading volume has declined by 97% in 2022
This trend is eliciting discussions around whether the NFT hype is fading or the possibility that the market is experiencing an adjustment...
Venture capital investment in Africa will hit $7bn by the end of 2022- Report
For instance, in 2021, 604 African startups raised a record high figure of $5.2 billion, according to the African Private Equity and Venture Capital Association (AVCA)...
Hong Kong joins the list of the top 5 fintech ecosystems in the world with a lot of reasons
Besides progressive regulatory policies, Hong Kong's government offers multiple grants to help startups establish, grow and expand...
Lagos houses 88.4% of Nigeria’s startups – report
Lagos is said to be the hub housing most of Nigeria’s startup companies, as 88.4% of the 481…
Airtel has the fastest average download speed in Nigeria in Q2 2022. Here is why it matters
Following a Technext report indicating that most Africans have access to only 2G/3G, data from Ookla has shown…
Kenya, Nigeria drop out of top 10 countries on 2022 global crypto adoption index
Blockchain analytics platform, Chainalysis has released its Global Crypto Adoption Index for 2022. Among other shockers, perhaps the…
Despite 5G rollout, data shows that 70% of Africans only have access to 2G/3G networks
As of 2020, 4G coverage in rural areas hovered around 22%, 3G was 30%, and 2G was 18% in Africa...
