Amazon's secret Nigerian weapon

·
June 23, 2022
·
2 min read

If you're a constant listener of the Techpoint Africa Podcast, you've probably heard Chimgozirim talk about a drop in startup funding globally. However, it seems funding in the African startup ecosystem is about to become a daily affair again in Africa.

While other startup ecosystems in the West are still experiencing trickles in fundraising, Africa is doing pretty good.

Chimgozirim gave us the breakdown telling us which African countries were seeing more action, and it turns out Egypt and Kenya are leading the way.

Where's Nigeria? Well, Nigeria is also seeing some funding action but for a country known for leading startup funding on the continent, its numbers paled in comparison.

Advertisement

Listen to this episode of the Podcast to know why Nigeria might not always be number one when it comes to startup funding.

In other news, we talk about Tesla CEO, Elon Musk's renewed commitment to the meme coin, Dogecoin in the midst of a crypto market crash.

We also take a look at why few individuals can have so much influence on the crypto market.

Speaking of commitments, Amazon Prime Video has closed an exclusive slate deal for three commissioned feature films with Nemsia Films.

While we delved into Amazon's strategy to enter the Nigerian entertainment market, the bigger question is, why is it trying to tap into the market all? Estimates say that Netflix probably has less than 50,000 subscribers, so what is Amazon planning to do differently?

Let the best of tech news come to you
Join 30,000 subscribers who receive Techpoint Digest, a fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

Listen to the Techpoint Africa Podcast to get answers or draw your conclusions. You can get it on Google Podcast, Apple Podcast, Spotify or anywhere else you get your podcast

READ MORE   MoMo PSB poised to compete with OPay, Paystack
He's a geek, a sucker for Blockchain and an all-round tech lover. Find me on Twitter @BoluAbiodun1.
He's a geek, a sucker for Blockchain and an all-round tech lover. Find me on Twitter @BoluAbiodun1.
Subscribe To Techpoint Digest
Join thousands of subscribers to receive our fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
This is A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day! 
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

He's a geek, a sucker for Blockchain and an all-round tech lover. Find me on Twitter @BoluAbiodun1.
Other Stories
43b, Emina Cres, Allen, Ikeja.

 Techpremier Media Limited. All rights reserved
magnifier