Airtel Africa announces Q1 revenue with voice leading the way
Preview
Airtel announced huge revenues for Q1 2020
in partnership with FLUTTERWAVE, RENSOURCE & SEAMFIX 20.05.2020
Welcome to today's edition of TC Daily. Please take a moment to subscribe to our newsletter if this email was forwarded to you. Let's dive into today's tech news from around Africa!
PARTNER CONTENT

Medplus - A wholesale & retail pharmacy that not only sells locally manufactured & imported drugs but also your everyday essentials. Now you can order your COVID-19 essentials & have it delivered to you in one click.

TELCO
Airtel Africa has announced its earning for Q1 2020 and there's a lot to unpack from the results of one of Africa's biggest telcos. Airtel operates in 14 African countries and has a customer base of 110 million people. A good proportion of its users are in Nigeria, where it has 41.8 million mobile subscribers. So, it doesn't come as a surprise that the West African country is driving big revenues for Airtel. In Q1, the telecom giant posted revenues of $899 million, up 15% from the $781 million it posted in March 2019. Like its competitors, MTN, most of Airtel's revenue is from voice revenues, with $510 million of its total revenue coming from voice. Yet, Abubakar Idris points out that Airtel is experiencing growth in its data revenues. Despite being late to the mobile data party, Airtel has grown its active data subscribers by 109% in the last three years.
PRIVACY

Nigeria’s National Information Technology Development Agency (NITDA) has directed public institutions handling public data to secure them in digital databases.
NITDA is also asking that the process should be done in adherence to global regulatory models. The most important part of NITDA's announcement is that it expects the new guidelines to be implemented in 60 days. Techpoint argues that the timeline of 60 days will be difficult for institutions to stick to. This argument is centered around a history of how Nigeria has unsuccessfully handled plans of keeping a central database in the past.

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FUNDING
The Nigerian based Agro-processing company, Tomato Jos has completed a EUR 3.9 million Series A round. The round was led by Alitheia Capital with participation from Acumen Capital Partners and VestedWorld. Tomato Jos was founded by Mira Mehta in 2014 and is focused on the local production of high-quality tomato paste for the African market. Thanks to new funding, the company will now be able to installa a drip irrigation system and a processing plant that can produce 24 tons of finished product per day.
Seamfix, an identity and data management company in Nigeria introduces a tech podcast titled “Identity & Tech Talk”. Each episode features an in-depth conversation with tech experts, start-up CEOs & industry leaders, mingling novel knowledge with wit and humor. Who knew an insightful one on one tech talk would help create awareness to flatten the curve and be such a joy to listen to? A productive way to kick start the day and learn new skill hacks.
EDTECH
While edtech is having its moment thanks to lockdowns across the world, there are concerns over equal access to these tools. There is also the possibility that the quality and inequality of education could widen at all levels for learners. iAfrikan argues that The digital divide will be widened because not all the learners will have uniform access to gadgets like laptops or phones." Only 19% of households in the least developed countries have access to the internet, so there's no better time to talk about access and its impact on the future of learning.
That's all for today,

Have a good week and stay safe!
#flattenthecurve
- Olumuyiwa

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