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Technext provides unparalleled access to news stories and events shaping the African tech world today.
Genomics startup 54gene is shutting down after raising $45 million
In a startling turn of events, genomics startup 54Gene has commenced the winding down of its operations, signalling…
South Africa’s Revio raises $5.2m seed funding to streamline payments in Africa
Revio, a startup based in South Africa, has raised $5.2M in seed funding in order to address the…
Risevest’s Chaka acquisition: Is M&A the next best route for struggling African fintechs?
The acquisition comes at a time when the fintech ecosystem has recently been ridiculed by controversies and instability
Nigerian banks report N192 billion earnings from digital transactions in H1 2023
Banks are increasing their investments in infrastructure, with a particular emphasis on fintech
Binance exits Russia after selling its subsidiary to CommEx for an undisclosed amount
Earlier in the year, there were reports that Binance was facing a Department of Justice inquiry into whether Russian customers were able to access the exchange
Microsoft could be investing $1bn in South Africa with nuclear-powered data centre plans
Building a small nuclear power plant costs approximately $1 billion according to a CNBC report on Westinghouse
Chipper Cash CEO, Ham Serunjogi and 2 Nigerian Americans appointed to Joe Biden’s Advisory Council
Two Nigerian Americans were also named to the presidential council
Cloud adoption could add N30.2trn to Nigeria’s GDP by 2033
As of 2021, only 27% of organisations in Nigeria adopted cloud computing. This is significantly lower than the adoption rates of 49% in Western Europe and North America
$4bn investment in Anthropic: Amazon playing catch up with Microsoft & Google in AI race
Amazon yesterday announced a strategic move in the highly competitive field of artificial intelligence (AI), with plans to…
Google to phase out Podcast by 2024, shows will be migrated to YouTube Music
Google is planning to discontinue its Google Podcasts app by the end of 2024, according to a report,…
