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Technext provides tech-focused stories about issues, people and events that are shaping the lives of Africans and influencing policies in Africa.
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News
Eskom eyes data centres, Bitcoin mining as new revenue streams amid falling industrial demand
1+ week, 6+ day ago (368+ words) South Africa’s state-owned power utility, Eskom, has reported a second consecutive year of profitability, with group profit after tax rising to R30.3 billion for the financial year ended 31 March 2026, up from a restated R14 billion the previous year, even as industrial electricity…...
Vox, Frogfoot raise $900m to expand broadband to 360,000 South African homes yearly
2+ week, 6+ day ago (458+ words) A South African conglomerate’s telecommunications units, Vox Telecom SA and Frogfoot Networks, have raised $900 million (R14.4 billion) to expand broadband services and connections in South Africa. According to a Bloomberg report on Monday, the companies, which are units of the Johannesburg-based…...
Starlink urges South Africa to ease 30% ownership rules in latest spectrum review
3+ week, 2+ day ago (534+ words) SpaceX-owned satellite internet provider Starlink has asked South African authorities to address the Broad-Based Black Economic Empowerment (B-BBEE) Act, a key requirement the company has struggled to meet. This call is the latest of several Starlink appeals in its long…...
How PiggyVest went from ₦21 million in savings to one of Nigeria's biggest fintechs
1+ mon, 1+ week ago (772+ words) In its first year, PiggyVest recorded ₦21 million in savings. And honestly, that number’s worth sitting with for a minute. Not because the figure is impressive by today’s standards, but because of what it represents. Think about this for a second....
When AI hallucinates the law: Inside South Africa's third AI citation scandal of 2026
1+ mon, 2+ week ago (383+ words) South African Labour Court has stayed disciplinary proceedings against three employees of the Matjhabeng Local Municipality after lawyers for the defendants found prima facie evidence that the chairperson of the hearing may have relied on hallucinated AI-generated legal authorities in…...
Meet the 3 African fintech founders on Forbes 50 list
6+ mon, 2+ week ago (889+ words) When Forbes published its 11th annual Fintech 50 list, the headline story was about an industry under pressure. Funding for private fintech entities, though recovering to $53 billion in 2024, remains a fraction of the $152 billion invested at the sector’s peak in 2021. Valuations are…...
South Africa pushes AI policy to 2027 after AI hallucination scandal
3+ mon, 2+ week ago (560+ words) South Africa’s national artificial intelligence policy has been postponed until January 2027. The delay occurred because the initial draft was retracted due to the inclusion of fictitious references, which some suspect were generated by AI. This incident is considered a significant…...
Beyond Starlink: Space24, other internet firms seek SA entry
2+ mon, 1+ week ago (645+ words) The disclosure marks the latest attempt by Malatsi to distance himself from accusations of favouring the Elon Musk-owned company through private meetings with Starlink representatives and a push to bend local laws. In a letter to ANC MP Khusela Diko,…...
Funke Akindele emerges Africa’s highest-grossing filmmaker with ₦2.1bn sales
8+ mon, 20+ hour ago (673+ words) Funke Akindele has made history as Africa’s highest-grossing filmmaker after her latest movie, “Behind The Scenes”, grossed over ₦2.1 billion at the box office. This milestone was confirmed on Monday by the film’s distributor, FilmOne Entertainment, in a post on Instagram....
Zimbabwe now takes 15% tax from payments to Bolt, inDrive, Netflix, and other digital platforms
8+ mon, 6+ day ago (418+ words) The Zimbabwean government has commenced applying a 15% charge on payments made to foreign digital platforms. This includes ride-hailing services such as Bolt and inDrive, as well as streaming and internet providers like Netflix and Starlink. The deduction is applicable when…...