News companies are struggling to drive revenue. People aren’t paying for news, but it costs money to maintain quality newsrooms.
Voice services account for over 60% of revenues for Nigerian telecom companies, possibly making them vulnerable should more subscribers switch to digital communication services.
Iyin Aboyeji is innovating a new way of doing startup investing in Africa. His new Future Africa Fund is testing a co-investment model to allow more investors back startups.
Lockdowns and social distancing efforts could help tackle COVID-19, but there’s little they can do to control misinformation and online scams.
EasyBuy is a phone financing service. The app provides loans for users to buy smartphones. Users first have to make 30% down to get a three-month or a six-month loan. Interest rates are between 6% and 9% per month depending on the duration of the loan.
GTBank wants to restructure as a holdings company. Its CEO, Segun Agbaje, made the disclosure during the bank’s earnings call for the fourth quarter of 2019.