COVID-19 uncertainty grips Nigeria’s tech sector

IDC raises concerns of a likely increase in gray market re-exports of smartphones into Nigeria.

IDC research anticipates an 8.4% drop in the market in Q1 2020.

IDC research cites weak rand US dollar exchange rate, high unemployment and low business confidence index.

According to a joint report by IDC and Liferay, the technologies most driving this growth are those relating to the optimisation and improvement of customer experience (CX).

85% of banks to embed AI by year-end in order to streamline know-your-customer procedures, claims research by IDC.

It is too early to conclude MTN is now off the hook in Nigeria, given the tax case has been referred to other parts of government, say analysts.

IDC points to increasing opportunity within networks, IaaS and storage in particular.

Investments in digital transformation and innovation will account for 30% of all IT spending in the region, according to IDC.

Manufacturers are looking for new ways to engage with their clients and ensure they provide consistent customer experiences across all touchpoints and activities says Liferay.

Sabelo Dlamini, Senior Research and Consulting Manager at IDC South Africa, questions the methodology used by South Africa's Competition Commission.

Kenya, Nigeria singled out as market experiences growth for the first time in 19 quarters says IDC.