Today's episode of the Techpoint Africa Podcast features in-depth discussions on the current trends in African tech. Oluwanifemi Kolawole and Chimgozirim Nwokoma, our esteemed hosts, delve into the notable tech stories that have unfolded throughout this week.
First, Lagos State has announced its intention to introduce a new digital platform for monthly rent payments to simplify the process for residents, as they claim.
The aim is to generate approximately ₦2.5 billion annually from around 100,000 users. This platform will be developed in collaboration with agencies such as the Ministry of Housing and tech partners.
While this may sound like a brilliant idea, why do I think the Lagos state government is on a taxing spree?
Moving on to the next story, Electronic Vehicle Company, Spiro launches operations in Ogun State, aiming to electrify mobility in the country.
It's amazing how Ogun State happens to be the entry point for the EV company in Nigeria. Spiro aims to revolutionise the transportation landscape in the state by deploying its fleet of electric vehicles, enabled by innovative battery-swapping technology.
This pioneering approach will enable the company to operate seamlessly across multiple local governments, promoting a cleaner, more sustainable future.
Lastly, Jumia's Q2 2024 revenues totalled $36.5 million, indicating a 25% decrease from the previous quarter and a 17% decline from the same period last year. This presents an opportunity for Jumia to assess its strategies and implement measures to improve performance in the upcoming quarters.
While In 2022, Kuda's revenue soared to $22 million (~£17.2 million), up from $7.7 million (~£6 million) the previous year, reflecting a remarkable increase in customer adoption. The company's user base also doubled from 2.4 million to 4.9 million.
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