Tech 3 - Life in Lagos

South Africa’s Standard Bank shuts down 1,942 ATMs as cash withdrawals decline
Standard Bank has reduced its ATM network in South Africa by 1,942 between 2020 and mid-2025, a significant decrease from 5,390 to 3,448. This substantial...

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Tech
2 months ago2 months ago

Standard Bank has reduced its ATM network in South Africa by 1,942 between 2020 and mid-2025, a significant decrease from 5,390 to 3,448. This substantial reduction reflects banks’ adaptation to the increasing shift toward mobile and digital transactions, as well as the corresponding decline in cash withdrawals. Due to a significant decline in ATM usage...

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Why telcos struggle to keep you online on Nigeria’s busiest highway
If you have ever traveled on the Lagos–Ibadan expressway, chances are you’ve experienced sudden call drops, frozen maps, or a complete loss of internet. The...

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Tech
2 months ago2 months ago

If you have ever traveled on the Lagos–Ibadan expressway, chances are you’ve experienced sudden call drops, frozen maps, or a complete loss of internet. The problem is not unique to you. Despite being Nigeria’s busiest highway, the Lagos–Ibadan expressway remains one of the country’s most notorious telecom black spots, where connectivity struggles to keep pace...

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Quick Fire 🔥 with Greg Cooke
Greg Cooke is a South African entrepreneur currently based in the UK, leading Growth and Product at Rafiki, a startup he co-founded after several years...

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Tech
2 months ago2 months ago

Greg Cooke is a South African entrepreneur currently based in the UK, leading Growth and Product at Rafiki, a startup he co-founded after several years in performance and growth marketing. At Rafiki, he is developing software that streamlines cross-border subcontracting by utilizing stablecoin rails and multi-party invoicing. Unlike traditional invoicing tools, Rafiki is designed specifically...

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Bitcoin reclaims $120K mark as experts predict further price surge amid US govt shutdown
As the U.S. government slips deeper into shutdown, Bitcoin is pressing higher, riding a wave of investor unease and global uncertainty. Nigel Green, founder and...

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Tech
2 months ago2 months ago

As the U.S. government slips deeper into shutdown, Bitcoin is pressing higher, riding a wave of investor unease and global uncertainty. Nigel Green, founder and CEO of the deVere Group, sees this extended political impasse as a catalyst for continued upward momentum in the world’s largest cryptocurrency. Bitcoin has already carved out fresh gains. On...

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OpenAI becomes the world’s most valuable startup after $500 billion valuation
OpenAI’s recent secondary share sale, valuing the company at $500 billion, has cemented its position as the world’s most valuable startup. The sale, totalling $6.6...

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Tech
2 months ago2 months ago

OpenAI’s recent secondary share sale, valuing the company at $500 billion, has cemented its position as the world’s most valuable startup. The sale, totalling $6.6 billion, involved current and former employees selling shares to prominent investors such as SoftBank, Thrive Capital, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price. The sale did not...

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Can Pesalink Become Kenya’s Ultimate Digital Payments Powerhouse?
Transferring money within Kenya remains a complex process beneath its seemingly straightforward surface. Often, funds originating from a bank account must pass through a mobile...

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Tech
2 months ago2 months ago

Transferring money within Kenya remains a complex process beneath its seemingly straightforward surface. Often, funds originating from a bank account must pass through a mobile wallet before reaching the intended merchant, with each step incurring fees and each platform fiercely protecting its own infrastructure. To address this, commercial banks introduced Pesalink, an instant payment system...

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Assetrix Revolutionizes Real Estate Investment with Enhanced Trust and Liquidity
In Nigeria, approximately 70% of real estate developments halt before completion, leaving numerous structures unfinished and billions of dollars locked in stalled projects. These interruptions...

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Tech
2 months ago2 months ago

In Nigeria, approximately 70% of real estate developments halt before completion, leaving numerous structures unfinished and billions of dollars locked in stalled projects. These interruptions often stem from disrupted funding flows, exacerbated by a lack of transparency and inefficient management. Developers face challenges with financing frameworks that render projects unsustainable, while Nigerian diaspora communities remit...

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Your Pricing System Is Inhumane’: AUATON Strikes Back at inDrive’s Freedom Claims
In response to inDrive’s assertion that its fare bidding system empowers drivers with greater autonomy, the Amalgamated Union of App-based Transporters of Nigeria (AUATON) has...

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Tech
2 months ago2 months ago

In response to inDrive’s assertion that its fare bidding system empowers drivers with greater autonomy, the Amalgamated Union of App-based Transporters of Nigeria (AUATON) has strongly contested this claim, labeling the system as exploitative and detrimental to drivers’ welfare. This position was articulated in a statement addressed to Technext by Comrade Steven Iwindoye, the Public...

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Lisk’s $15 Million Fund Aims to Uncover the Next Web3 Unicorns in Emerging Markets
Established in 2016, Lisk is a Swiss-based blockchain platform that has recently introduced a $15 million investment fund aimed at supporting Web3 entrepreneurs across Africa,...

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Tech
2 months ago2 months ago

Established in 2016, Lisk is a Swiss-based blockchain platform that has recently introduced a $15 million investment fund aimed at supporting Web3 entrepreneurs across Africa, Latin America, and Southeast Asia. Gideon Greaves, Head of Investments, shared with Techcabal in September that the fund prioritizes startups addressing tangible challenges with practical applications rather than speculative ventures....

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US Mission in Nigeria Scales Back Online Updates Amid US Government Shutdown
The United States Mission in Nigeria has announced a reduction in the frequency of updates on its official X platform (previously Twitter) due to the...

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Tech
2 months ago2 months ago

The United States Mission in Nigeria has announced a reduction in the frequency of updates on its official X platform (previously Twitter) due to the ongoing federal funding impasse in Washington. The mission emphasized that only critical safety and security alerts will be posted until full operations can be restored. Additionally, the US Mission confirmed...

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