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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.
MTN is biggest gainer as 21,051 subscribers ported in H1 2022
Meanwhile, for H1 2022, telecommunications operators added 8.9 million subscribers to the country’s network.
E-payment transactions grow by 40% to ₦205.4trn in H1 2022- NIBSS report
...e-payment transactions in the first four months of 2022 (January to April) - ₦117.33 trillion - was already higher than the total amount of online transactions in 2019 (₦108.42 trillion).
Jumia’s revenue rises by 42.5% in Q2 of 2022 as orders reached 10.3m
Jumia’s shares rose, gaining more than 18.58% in early trading to $8.20 per share at the time of publication...
African startups raised $239m in July 2022, a 43.77% decline from June
Africa's tech ecosystem had the lowest funding this year in July 2022...
Broadband penetration in Nigeria reached 44.5% in July, NCC says
Nigeria’s broadband usage has continued to increase significantly. The penetration rate hit 44.5% in the month of July.…
Report: Startups from Central Africa have raised less than 1% of funding in Africa since 2019
According to the report, startups from West Africa raised a total of 41% of all the start-up funding raised on the continent since 2019, with a total of $4.2 billion...
Despite economic downturn, Airtel, MTN record $2.9bn revenue from Nigeria in 6 months
Consumers of telecommunication services spent at least ₦1.2 trillion on calls and data in the first six months of 2022...
NCC pledges N500m for research in Nigerian universities
This was announced by Prof. Umar Danbatta, Executive Vice Chairman of the Nigerian Communications Commission...
MTN to overtake Vodacom as SA’s leading telco provider with acquisition of Telkom
Telkom's shares were up 33.3% at 44.6 rand by 1258 GMT, on track for their biggest daily jump on record. MTN was up 7.4%.
How customers will be affected by an 18.5% increase in telecoms’ operational costs
...the operational expenditures of telecommunication companies increased by ₦265.25 billion from ₦1.4 trillion in 2020 to ₦1.66 trillion in 2021
