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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.
Still, Africa needs to catch up on the Electric Vehicles (EV) revolution
In 2004, Africa’s journey to adopting electric vehicles (EVs) began when Cape Town-based company, Optimal Energy started working on the concept of a locally made EV
Metaverse will become a $679bn worth industry by 2030 – report
..market and might attain $15-20 billion by 2024, forecasting a 35-38% growth and 60- 68% beyond 2024...
With 208m active lines, Nigeria hit an all-time high telco subscribers in July
Nigeria witnessed a surge in the number of active lines from 206.45 million in June 2022 to 208.97 million in July 2022...
From 0-70% market share, how Android gained and maintained the OS market leadership
"Android’s global success can in many ways be attributed to its open-source software that can be installed on all smartphone devices for free", says Statista...
IMF names 97 countries with CBDCs, only two have fully launched
Only two CBDCs have fully launched - Nigeria's eNaira and The Bahamas’ Sand Dollar
The world had 216 new unicorns in H1 2022 and none is from Africa
Of that lot of Unicorns added in 2022 so far (216), the US leads with a total of 123 unicorns and none is from Africa...
$100m worth of NFTs have been stolen in the past 1 year- Elliptic report
Bored Ape Yacht Club NFTs are the most sought after by cybercriminals. According to Elliptic, the theft of BAYC accounts for $43.6 million in stolen NFTs.
With ₦4bn transactions in 10 months, eNaira is performing less than expected
The Central Bank of Nigeria (CBN) announced last week at the grand finale of the eNaira Hackathon, that…
The creative economy currently employs 4.2m Nigerians, to add 2.7m more by 2025
The creator economy - just a small part of a larger microcosm known as the gig economy - comprises the side hustles and independent businesses built by content creators, social media influencers, bloggers, and videographers....
Nigeria to lead global crypto adoption with 100% rate by 2030- Report
This means that if crypto use continues to grow at its current rate, the entire population of Nigeria will be using cryptocurrencies by 2030!
