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Good morning ☀️ ️ In SA, a national strike is on the horizon after negotiations between the government and public sector unions on salary increases deadlocked. In today's edition: Nigeria's communications minister TC Insights Airtel takes $500 million loan to refinance obligations “One of Airtel’s goals in the last two years has been to reduce its debts... But there’s also the fact that it is preparing for bond repayments. The company has a repayment of $890 million due in May as well as another instalment of $505 million is due in March 2023.” That’s an excerpt from a sto...

Nigerians haven’t given up on Bitcoin Bringing more African music to movies and Tv “I’m one of those people who social media really helped to figure out what they wanted to do with their life.” After Excel told his father he would not be joining the military, he had to figure out what he would do to earn a living. While he waited to make a decision, he continued to do the thing he loved on social media – talk about movies, music and culture. Twitter was where he would begin to build an audience of people who found his understanding of the zeitgeist fascinating. And it wasn’t far f...

Nigeria's SIM card fiasco takes a turn In the past month, I have reported on the decision of Nigeria’s Ministry of Communication and Digital Economy to suspend the sale and registration of new SIM cards. It was a decision that cost people and multinational companies money. Despite the brilliant analysis by several publications, the minister, Dr Isa Pantami, held firm and insisted the decision was for the good of national security. On Friday, he backed down from that position, with the ministry announcing that the sale of new SIM cards can now begin. But the ministry’s change of heart h...

SEC’S new rules will affect investment-tech platforms Nigeria’s Securities and Exchange Commission (SEC) has made new rules which will affect Nigeria’s investment-tech platform. In the last couple of years, platforms that allow Nigerians to buy stocks on stock exchanges in America have become popular. They partner with companies like Drivewealth, a cloud-based, API-driven brokerage infrastructure that handles the trading on their behalf. Yet, in December 2020, there was some sign of regulator trouble when the SEC barred an investment-tech platform, Chaka. It ordered Chaka to stop adver...

Good morning ☀️ ️ “qwerty”, “password”, "123456" were some of the most popular passwords used in 2020 and 2019. How secure is your password? In today's edition: One of South Africa's oldest cryptocurrency exchanges shuts down Facebook's data breach, over 500m users involved A briefing on Africa's music streaming industry Gokada’s new CEO on expansion and the company’s future Last month Gokada announced Nikhil Goel as its new CEO. He’s been responsible for leading the Nigeria-based last-mile delivery, logistics and transportation start-up s...