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Technext provides unparalleled access to news stories and events shaping the African tech world today.
ThriveAgric raises $56.4m debt funding to accelerate pan-Africa expansion
The fundraise will help company take advantage of Africa’s growing agriculture sector and
scale-up business across the continent...
Crypto users in Africa surged to 2,500% in 2021 – report
•A positive report by KuCoin reveals that cryptocurrency transactions increased by over 2,500% in 2021 | •The report claims that Cape Town and Lagos are the powerhouses of the digitization process in Africa |•The growth of crypto adoption in Africa can be attributed to a survival mechanism
Microsoft opens world-class offices for its Africa Development Center (ADC) in Lagos
To expand and equip talent pipeline for Nigeria and West Africa tech ecosystem| The new ADC offices will also house The Microsoft Garage
Microsoft says it has invested $200m through its Africa Development Centre in 3 years
*Microsoft has invested about $200 million in establishing its Africa Development Centre | *The ADC West Africa, which is Microsoft’s 7th globally, serves as a premier centre of engineering for Microsoft in the region
Lucky, Egypt-based credit fintech, has raised $25m in Series A round to increase market leadership
Lucky is an Egypt based credit fintech| It raised $25 Million in Series A round to increase market leadership| Global Ventures led the round| This cements Egypt's place further as a key player in Africa.
Google-funded internet cable, Equiano, has landed in Togo
*Google says Equiano has landed in Togo | *This will create over 37,000 jobs and increase the country’s economic output by USD 351 million between 2022 and 2025
Australia to regulate crypto, as Time Magazine starts accepting Apecoin
•Australia plans to regulate crypto taxation, investor protection and regulation of digital banks and exchanges | •Times Magazine to start accepting Apecoin
What to know about CBDCs in crypto
*Nigeria’s CBDC is regarded as the second largest behind China’s digital yuan | *The main goal of CBDCs is to provide businesses and consumers with privacy, transferability, convenience, accessibility, and financial security
Simplifyd raises $500k pre-seed, to champion data-free internet access
YCombinator backed Nigerian startup, Simplifyd, which has the ambition to become the platform for choice for data-free access…
Aisiki is on a mission to transform food distribution in Africa
Nigerian food-tech startup Aisiki secures funding via a corporate round to scale its core food distribution platform and expand across…
