Spotify Wrapped Underwhelms, Netflix Stays in Nigeria, and More Tech News

Sophia Steele

Sophia Steele

December 05, 2024 · 3 min read
Spotify Wrapped Underwhelms, Netflix Stays in Nigeria, and More Tech News

Spotify's highly anticipated Wrapped feature was released yesterday, but users were left underwhelmed by the lack of detailed information and features compared to last year's edition. The music streaming giant's annual Wrapped release typically generates significant buzz, but this year's iteration failed to impress, with many users taking to social media platform X to express their disappointment.

In other news, Netflix has reaffirmed its commitment to the Nigerian market, dispelling rumors of an exit. The streaming giant's spokesperson stated that Netflix will continue to invest in Nigerian stories to delight its audience, following speculation sparked by renowned Nigerian filmmaker Kunle Afolayan's comments about canceled projects. Despite struggling to capture a large share of Nigeria's competitive streaming market, Netflix remains committed to the region.

In a significant development for African infrastructure, the US has committed $600 million to a railway project in the Lobito Corridor, a strategic trade route connecting the Democratic Republic of Congo, Zambia, and Angola. The project aims to facilitate the faster export of minerals such as cobalt and copper, crucial for electric vehicle batteries. This move is seen as a strategic play by the US to strengthen its influence in Africa, where China and Russia are increasingly active.

In Kenya, President William Ruto has criticized opponents of the proposed Jomo Kenyatta International Airport and energy deals with India's Adani Group, which were canceled following allegations of bribery against the group's chairman. Ruto expressed confidence in Adani's ability to deliver the projects, but was forced to cancel the deals due to legal constraints. The president has vowed to seek new investors to rebuild Kenya's airport and power lines.

In the world of cryptocurrency, Bitcoin, Ether, and Solana have seen significant gains, with Bitcoin up 7.63% and Ether up 5.18% in the past day. Ripple, however, has declined by 9.20%. The AfroBitcoin Conference 2024 is set to take place in Accra, Ghana, on December 9-11, bringing together Bitcoin enthusiasts and stakeholders to discuss the technology's impact on Africa's future of payments.

In other news, Savannah Clinker has withdrawn its bid to acquire Bamburi Cement, citing the need for internal due diligence on allegations against its CEO. This development clears the way for Tanzania's Amsons Group to acquire the struggling Kenyan cement maker. Additionally, Moniepoint's pharmacy case study has revealed that painkillers are the most commonly purchased item at pharmacies, highlighting the company's role in enabling access to healthcare through payments and funding.

Finally, Fincra has released its Embedded Finance and Banking-as-a-Service Report 2024, examining the challenges and innovative solutions shaping the future of seamless cross-border payments and remittances across Africa. The report is available for free and features insights from key experts in the field.

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