Page 23 - Paystack Storefront News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MTN’s Q1 results show fintech progress MTN Nigeria recently released its financial report for the first quarter of 2021, and there’s a lot to unpack from the results. Policies have consequences: When the Nigerian Communications Commission (NCC) said in December 2020 that it was suspending new SIM card registrations, it seemed like everyone, but the regulator could see the second-order effects. MTN’s Q1 results show one of those effects as the telco’s mobile subscribers declined by 5 million. It’s not peculiar to MTN alone; other telcos have suffered churn because while they’ve los...

Tunisian fintech startup Expensya raises $20m Twitter spaces now available to users with 600+ followers Designing and building sustainable commercial spaces in Nigeria As workplaces continue to re-open, many organisations are adopting the hybrid work model – a new working style that combines work remotely and from the office.  The hybrid work model is perfect for most businesses, especially those with heavy dependence on their operations and customer service teams. Kobo360 is an example of a company with a robust operational and customer service team. The logistics startup helps cargo ow...

Good morning ☀️ ️ For the first quarter of 2021, Amazon posted revenues of $108.5 billion. That's a revenue increase of 44% from the same period last year. In today's edition: Nigeria's selling its power generating plants BitPesa’s parent firm raises $50m TC Insights Africa’s last untapped telecoms market In November 2020, the Ethiopian Communications Authority (ECA) officially opened the gates to bids from telecoms companies looking to snag two licences Ethiopia is offering. Ethiopia’s telecoms sector is a monopoly with the state-run Ethiotel facing no competition. But last ...

Opera’s unaudited Q1 report The Norwegian web company Opera has released its unaudited report for the first quarter of 2021. In Africa, Opera is most famous for its browser’s data-saving feature. But the company also owns a news platform called Opera News hub, with an app on Android and iOS. The app reportedly has over 300 million users, with many users doubling as paid news creators. It means that Opera has multiple revenue streams, and in Q1, all those streams saw huge improvements. Highlights: Opera's monthly active user base increased by 16 million year-over-year in the first quart...

Good morning ☀️ ️ Looks like Netflix’s investment in Africa is paying off with the South African documentary My Octopus Teacher winning an Oscar at the 2021 Academy Awards and British Academy Film Awards earlier this year. In today's edition: Center Stage YC-backed Kidato raises $1.4m seed round The Two fintech companies sponsoring Africa’s biggest reality show Yesterday, Africa’s biggest reality show Big Brother Nigeria announced its two main sponsors: Abeg App and Patricia, both Nigerian Fintech companies. In last year’s edition, the show recorded 900 million vo...