The Hustler’s Digest – MoMo is Rocketing MTN Cameroon’s Revenue Despite Hikes

The Hustler's Digest - MoMo is rocketing mtn cameroon's revenue despite hikes

Africa

Ghana extolled for hosting maiden African Air Expo 2017

Ghana is receiving a lot of appraisal for hosting the maiden African air expos . People like the Secretary-General of the African Civil Aviation Commission; Iyabo Sosina have commended Ghana for taking the “giant” step toward making Ghana aviation a hub in West Africa. Everyone is saying it is in the right direction as it will open up Africa for foreign investments.

French, African business leaders meet in Les Rencontres Africa

The “Les Rencontres Africa” is a business meeting in Nairobi which brings together the French and Africa. Recently in Nairobi the meeting witnessed Several hundred prominent personalities and also many middle-sized business leaders . It gathered more than 1,000 African leaders from 30 countries and more than 300 French entrepreneurs. A first of it’s kind in Africa.

Kenya’s Presidential election is in a continuous loop

On Thursday, Kenyans hit the polls again to vote a new president. It’s a rerun. This same vote went down earlier this year, less than three months. An election the country’s main opposition leader, Raila Odinga boycotted. Odinga’s boycott essentially guarantees victory for President Uhuru Kenyatta. Raila Odinga said the previous election was rigged. Kenya’s Supreme Court agreed there were irregularities and called for a rerun. But then, Odinga turned around and dropped out of the race, saying it was also going to be rigged. The repeat election took place amid a tensed atmosphere and recorded 4 deaths.

Cameroon

MTN’s revenue boost owes it to MoMo

In June, MTN Cameroon decided to increase fees for its mobile money service. But that didn’t stop people from using the service. Instead, it seems that decision has been the telco’s main revenue booster in the 3rd quarter of 2017. Infact, MTN’s revenues rocketed by 13.2% by September 30 this year. Besides, it was during this period that MTN increased fees for its MoMo services. At the same time, internet revenues grew by 18.2% during the same period. A growth attributed to the rapid growth of smartphones and data users.

CICAM grabs FCFA 5 Billion investment from Cameroon government

The government has flushed FCFA5 billion into CICAM to buy modern equipments. Njoh Nicholas, commercial director at Cameroon’s cotton company (CICAM) announced in a recent interview with the Cameroon tribune. In Nicholas opinion, the Cameroon government wants to innovate and adapt to the market because the textile industry is a key sector for the country’s development.

Cameroon’s high commissioner to UK has just been sacked

Paul Biya, Cameroon’s Head of State, dismissed Nkwelle Ekaney, the high commissioner of Cameroon to the United Kingdom, following suspicions of smuggling. A network had been created which allowed staff of the high commission of Cameroon in the UK to bulge their pockets. They encouraged fake diplomatic exoneration rights to exports for some Cameroon citizens living in Europe.

World

Amazon will now let strangers into your home in your absence

Amazon wants delivery people to be able to drop packages off inside your home. The company says it has a safe way for you to allow delivery drivers inside your home, even when you’re not there. It calls the service, Amazon Key and will launch on November 8 this year. You order something for delivery and click the “in-home” shipping option. When the delivery driver arrives, Amazon verifies the address allows him into your home.

But hey! You can watch from your phone as the camera records the whole thing. Amazon isn’t the first retailer to experiment with remote delivery access. Last month, Walmart tested the service with delivery startup, Deliv.

Spotify’s success is a paradox to the music industry

With 140m active users, 60m paying subscribers, a long list of radio stations, and the recent launch of their upcoming artist program, RISE, the company has nearly become its very own music industry. This scares the rest of the biz in a big way. Spotify is now more than just a music-streaming service.

As much as Spotify seems to be hurting the traditional music game, it also seems that those same labels need Spotify to survive. In 2015, Spotify and its friends, brought in 45% more revenue to the global music industry. In the first half of this year alone, streaming revenue has rocketed to 48%. So, is Spotify really creating a better way forward for artists, or is it just aggravating the same issues that have plagued the industry for decades?

Trouble looms on Trump’s tax reform

A few days ago, the House voted on the budget blueprint that’s already been OK’d by the Senate. It’s the next step in the Trump administration effort to overhaul the tax code. But there’s trouble on the horizon. Many House Republicans are upset over the budget framework’s plan to wipe out the deduction for state and local taxes. That tax break is extremely popular in high-tax states like California, New York and Illinois. So, Republican leaders are scrambling to come up with a compromise.

Silicon Times

Events

  • Make a date with Cameroon’s largest gathering of techies and developers during the Silicon Mountain Conference (SMConf) on November 18, 2017 at Chariot Hotel, Buea.
  • Join Cameroon’s dynamic tech gurus as they discuss the realities of cyber security during AISCON’s annual conference on October 28, 2017 at Scandinavia Hotel, Limbe.
  • Be part of the 10th edition of IYA Griot Night, a celebration of poetry and storytelling at IYA Buea, Former Alliance, Buea, on October 28, 2017.
  • Take part in the Royale Business Summit seminar organized by Junior Chamber International (JCI) on October 29, 2017 at Protea Hotel, Lagos Nigeria.
  • First Massive Literati (FML) has organized the FML Economic Summit  for Nigerian youths interested in transforming their societies. The event takes place on November 4, 2017 in Lagos Nigeria.
  • Participate in the IDEA Entrepreneurship Summit, 2017 and discover the role of entrepreneurship in economic empowerment and development from December 5 to 6, 2017, in Lagos, Nigeria.
  • SK Telecom Americas Innopartners has launched the Startup Demo Day event, showcasing emerging companies and startups on November 07, 2017 in Sunnyvale, California.
  • Join the Founders Space Pitch Day event for startups, Vcs and Angel investors on November 14, 2017 in San Francisco.

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