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The rise of e-currencies brightens the prospect of intracontinental trade in Africa

19 hours ago | technext24.com | Blessed Frank

Across Africa’s vast and vibrant continent, a digital financial revolution is unfolding, reshaping how people transact, save, and invest. E-currencies, electronic forms of money such as mobile money, cryptocurrencies, and central bank digital currencies (CBDCs), are driving unprecedented change in a region historically reliant on cash. With 54 countries, diverse economies, and a youthful, tech-savvy population, Africa is emerging as a global leader in digital currency adoption.
National ICT Policy: Kenya records 2.5 billion cyber threats in q1, 2025

1 day ago | technext24.com | Blessed Frank

Kenya’s emergence as a leading tech hub in Africa has been nothing short of remarkable. With initiatives like the e-citizen platform, mobile money pioneer M-PESA, and a robust fintech ecosystem, often dubbed the “Silicon Savannah”, the country has positioned itself at the forefront of digital transformation.
12 Nigerian states waive right of way fees to bridge digital divide - but challenges persist

1 day ago | technext24.com | Blessed Frank

In a bid to bridge the digital divide, not less than 12 Nigerian states have waived Right of Way (RoW) fees, one of the key barriers to expanding broadband infrastructure. States like Zamfara, Katsina, Anambra, Kebbi, Nasarawa, Bauchi, Adamawa, and recently Niger are leading the charge to attract telecom investments and extend internet access to rural and underserved communities.
Elon Musk to take a break from DOGE and refocus on Tesla as profits plummet 71%

1 day ago | technext24.com | Blessed Frank

World’s richest man, Elon Musk, has said that he will sidestep the U.S. DOGE Service next month and focus on Tesla following the company’s staggering 71% drop in quarterly profits. Tesla’s net income fell to $409 million from $1.4 billion in the first quarter of 2024, according to the company’s earnings release. The electric vehicle (EV) giant also saw a 9% decline in revenue, totalling $19.3 billion, well below Wall Street’s projections of $21.45 billion.
Bitcoin now trades at over $90,000 driven by institutional inflows and macroeconomic shifts

2 days ago | technext24.com | Blessed Frank

Bitcoin has surged past the $90,000 mark, reclaiming a significant psychological threshold in a dramatic 48-hour rally that underscores its resilience and growing mainstream appeal. The world’s most valuable crypto currency is currently trading at above $90,059.82, reflecting a 7.44% increase over the past week and a 2.43% jump in the last 24 hours, according to market data.
Safaricom earmarks $300 million for M-PESA upgrade as it marks 18th anniversary

2 days ago | technext24.com | Blessed Frank

Safaricom, Kenya’s leading telecommunications company, has announced a $300 million (KSh 40 billion) investment to upgrade its flagship mobile money platform, M-PESA, as it celebrates its 18th anniversary. Launched in March 2007, M-PESA has grown from a pioneering mobile money transfer service in Kenya to Africa’s largest fintech solution, serving over 70 million customers across over 170 countries.
Bitcoin surges above $87,000, sparking bull run speculations

3 days ago | technext24.com | Blessed Frank

Bitcoin has reclaimed significant ground, surging above $87,400 on April 21, marking its highest price since March 28. The digital gold climbed more than $3,000 from an intraday low of just over $84,000 on April 20, reflecting a 16% gain since its 2025 low of just below $75,000 on April 9. This breakout has ignited fervent discussions among crypto enthusiasts, particularly on an X thread titled “Bullrull”, where many are heralding the price movement as the potential start of a new bull run.
Nigeria could be next as MultiChoice introduces weekly DStv/GOtv subscriptions in Uganda

5 days ago | technext24.com | Blessed Frank

MultiChoice, the parent company of DStv and GOtv, has launched a weekly subscription option in Uganda, sparking speculation that Nigeria, one of its largest markets, could soon follow suit. Dubbed “Ka Weekie”, the initiative allows subscribers to access premium television services for as little as UGX 5,000 ($1.35) per week, targeting budget-conscious viewers, frequent travellers, and students who prefer flexible, short-term payment plans.
From ATH freefall to Bitcoin, memecoins and $633bn NFT crash- Crypto Q1 2025 report

6 days ago | technext24.com | Blessed Frank

The cryptocurrency market kicked off 2025 on a rollercoaster ride, shedding over $633 billion in value within the first three months of the year. According to CoinGecko’s newly released 2025 Q1 Crypto Industry Report, major assets, NFTs, and DeFi protocols endured significant losses as global economic uncertainty, regulatory crackdowns, and meme coin hysteria unsettled investors worldwide.
Crypto exchange eXch to shut down following allegations it laundered $1.4bn from Bybit hack

6 days ago | technext24.com | Blessed Frank

eXch, a privacy-focused cryptocurrency exchange company, has announced it will discontinue operations on May 1, 2025, following allegations that it facilitated the laundering of funds stolen in a historic $1.4 billion hack of Bybit. The decision comes as the exchange faces intense scrutiny from a transatlantic law enforcement operation targeting its alleged role in processing illicit funds linked to North Korea’s notorious Lazarus Group.