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Zuri Health’s cure
Khula is planting a new seed COVID’S GIFT TO TELECOMS What’s that saying about storms having silver linings?
Well, if anyone can see the silver lining of COVID-19, it’s Nigerian Telecoms. Their revenues rose by 12% in 2020.
How did that happen?
First guess, a lot of netflix and chill.
Since the first case of the coronavirus disease was confirmed in Nigeria in February 2020, nationwide lockdowns and movement restrictions meant more people spent time on their phones. Businesses were also forced to alternative working models so this meant virtual workspaces (and Zoom fatigue).
Add in the plethora of festivals, seminars, workshops, and masterclasses, and you’ve got a significant increase in internet consumption. In fact, the number of active internet subscriptions increased from 125.98 million in December 2019 to 154.29 million in December 2020, a 22.5% increase.