TC Daily

TechCabal Daily – MTN remains Nigeria’s telco king

1st May 2020













MTN’s impressive Q1 results show growth
in partnership
with
FLUTTERWAVE AND AVALE AFRICA		 01.05.2020

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PARTNER CONTENT

Shopping in store is a little more high stakes than it used to be. Spar Nigeria, a full service supermarket has transitioned online to make it easier for you to get your necessities, thanks to Flutterwave. Order online, pay securely with Flutterwave and get your groceries delivered to you.

TELCO

MTN Nigeria announced its Q1 2020 results on Thursday and the numbers look good for the telecoms giant.

It maintains its place as the provider with the largest user base in Nigeria, adding 4.2 million subscribers In Q1. It takes its total number of subscribers to 68.5 million.

But what’s even more impressive are the company’s revenue numbers and Abubakar Idris helps us dissect the company’s
revenue drivers here.

While data revenue increased by 58.2% in Q1, the biggest growth driver continues to be voice. Voice traffic is still MTN Nigeria’s cash cow, as it delivered 75% of the company’s revenues in Q1.

But Abubakar warns in his article that MTN’s voice revenues might very well be under threat.

VENTURE CAPITAL
What sectors will VC funding go in a post COVID-19 world? TechCabal’s Alexander Onukwue answers this question in his article.

Before he looks into the crystal ball, he leans on important sources such as Echo VC’s Eghosa Omoigui as well as Future Africa Fund’s Iyin Aboyeji. Even though a few VC’s say they’re sector agnostic, Alex believes some sectors are in pole position to receive funding.

Here’s an excerpt
from his article:

“VCs typically brand themselves as sector-agnostic investors. For example, EchoVC says it’s formula enables it to invest in a variety of sectors.

Maya Horgan Famodu, Ingressive Capital’s CEO, believes new market opportunities will evolve in line with any changes in how consumers use technology. That will depend on how long the pandemic and its effects last.”

EDTECH
While students are at home, edtech platforms are keeping them busy and allowing them learn.

But one thing edtech highlighting is the inequality in e-learning. In South Africa, some students come from disadvantaged backgrounds and many students do not speak English language.

While edtech platforms say they are solving these problems , some argue that the reality is different for developing countries.

iAfrikan highlights the issue in the South African context here.

After facilitating provision of covid-19 palliatives thanks to the financial support of some of their corporate partners including The Bulb Africa & Enov8 Solutions, Avale Africa is looking to ramp up social intervention through continued call-to-action on their crowdfunding platform, www.avale.africa

FIGHTING CORONAVIRUS
In Ghana, a new “Symptom tracker” will allow Ghanaians to check their symptoms vis a vis the known COVID-19 symptoms as well as answering frequently asked questions and giving advice about the disease.

The Symptom tracker will also be available on feature phones with a USSD code. It is one of
the efforts to fight misinformation as well as help to detect possible cases early.

In Kenya, the Ministry of health teamed up with Facebook to create a Whatsapp bot that shares COVID-19 facts.

AGRITECH + ECOMMERCE
The Nigerian agritech startup, Farmcrowdy is making a move into e-commerce, with the launch of its new service, Farmcrowdy Foods.

The one-stop digital marketplace will allow consumers buy fresh farm produce from the comfort of their homes.

Read all about it here.

Thanks for reading,

Happy New Month!
– Olumuyiwa

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