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Looks like the party is over for Houseparty, a video chat app that surged in popularity when lockdowns were first imposed last year.
Yesterday its owner, Epic Games, announced that Houseparty will be shutting down in October because the company can no longer “give the app or community the attention that it deserves.”
In today’s edition:
- Africell is leaving Uganda
- CBN won’t seize dollar accounts
- Debating the Nairobi Expressway
- What do you expect from Apple’s event today?
Africell says Goodbye to Uganda
Uganda’s number three operator, Africell, is leaving the country after seven years.
This doesn’t sound good
It’s not. In a letter to its employees, the company said it will cease operations on 7 October, although staff employment will end on 30 November. Within this period, it won’t be accepting new customers, allowing existing customers (~2.3 million) to migrate to other networks.
Stiff competition from the local competitors like MTN and Bharti Airtel and a ton of debt.
UK-based Africell Group entered the Ugandan market in 2014 by acquiring Orange Uganda. In 2019, Africell Uganda was reported to be in debt to the tune of 250 billion shillings (about $70.7 million), a debt that may partly have been inherited from Orange. In the same year, it made a loss of more than 1.5 trillion shillings (about $424 million).
Africell, which has operations in other African countries such as the Democratic Republic of Congo, Gambia, and Sierra Leone, is planning to launch operations in Angola by the end of this year.
Zoom out: Last month, another Ugandan operator, Smart Telecom, announced it was leaving Uganda due to the effects of the coronavirus pandemic.
Despite these two recent exits, the Uganda Communications Commission has said that the telecoms sector is pretty resilient. It said the number of customers in the country had grown from “27.7 million in December 2020 to 28.3 million accounts at the end of March 2021”, of which 21.5 million were broadband cellular subscriptions and 20.3 million active mobile money accounts.
CBN won’t seize dollar accounts
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Debating the Nairobi Expressway
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The event will be on Thursday, September 23rd and features keynotes from two of the most well-known figures in cybersecurity. Mikko Hyppönen will cover how our global networks are being threatened by surveillance and crime, and how we can fix our technical, and human, problems. Kevin Mitnick will reveal social engineering tradecraft and insights and wow you with a live hacking demonstration. You can register here.
What do you expect from Apple’s event today?
A bigger iPhone battery that lasts longer. No more notch. One terabyte of storage.
These are some of the rumours that have been circulating in the build-up to Apple’s announcement of its new iPhone today.
What do you expect to be announced today?
Side-bar: This event matters because the iPhone continues to be a major revenue driver for Apple. In April, Apple reported quarterly iPhone sales of nearly $48 billion, a massive 65% increase from the year prior, fueled by demand for its 5G-capable iPhone 12.
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What else we’re reading
Written by – Daniel Adeyemi, Michael Ajifowoke and Alexandria Williams
Edited by – Timi Odueso
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