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Technext provides unparalleled access to news stories and events shaping the African tech world today.
Covid-19 Update: Nigeria Gets $15m Grant for School Reopening, Some Govt Labs not Testing Freely
It has been an interesting week of new developments as the world struggles to bring the Covid-19 menace…
Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
The spark moviegoers started the year with appears to have petered out as recent cinema stats show that…
Kenya & Ghana Overtake South Africa as Nigeria Leads P2P Bitcoin Trading in Africa in Q1 2021
Kenya and Ghana have now surpassed South Africa in peer-to-peer (P2P) Bitcoin trading volume across Africa. For the…
Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
Popular crypto exchange, Coinbase generated an estimated revenue of $1.8 billion in the first quarter of 2021. The…
Egyptian Early-stage Startups to Get Boost as Algebra Ventures Launches $90M Fund
Egypt’s leading venture capital (VC) firms, Algebra Ventures has launched a $90 million fund for investment into tech…
Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
The adoption of e-payments in Nigeria has been significantly accelerated by the COVID-19 pandemic. In 2020, over 2.03…
Nigeria’s Mopewa Ogundipe to develop Clubhouse Android App as Creators Start Getting Paid
Audio chat platform, Clubhouse has hired Nigerian Software Engineer, Mopewa Ogundipe to lead its Android app development. Mopewa…
MTN names CWG’S BillsnPay, others as alternative airtime Top-up channel as banks disconnect telco channels
Following the shutting down of the use of Unstructured Supplementary Service Data (USSD) by banks in Nigeria against…
Seed Investment into African Startups Increased to 22% in 2020 but Value of Equity Dropped
2020 was a difficult year. COVID-19 and the various government-enforced lockdowns impacted every business sector. This led to…
Possible Reasons FG Extended the NIN-SIM Linkage Deadline, Risk of SIM Deactivation & Possibility of Jail Term
For the third consecutive time, the Federal Government again extended the deadline for linking SIMs to the National…
