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Home Blog Page 1657

Nigeria and Africa Must Learn from the EU Playbook on Big Tech

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The European Union continues to collect: “On Wednesday, the European Commission, the EU’s executive arm, announced that Google’s parent company, Alphabet, was in breach of the Digital Markets Act (DMA), a landmark law designed to curb monopolistic practices in the technology industry. Regulators accused Google of engaging in self-preferencing within its Search and Google Play platforms—an unfair practice where its own services are favored over those of competitors. The EU also ruled that Google’s Play Store restricts developers from steering consumers toward alternative services, preventing them from offering cheaper payment methods outside of Google’s ecosystem.”

If you own a blog, you will agree that the most annoying “currency” is the traffic as measured by Google. Around 2018, if 1000 visitors  gave you say $20 per month, today you may need 10000 visitors for the same $20. In other words, that currency of traffic is devalued at multiples . Sure, blame competition but when you look at the profits of these big ICT utilities, you will agree that it is nothing but power positioning.

I support the work of the European Union on this because we cannot live in a world where ALL digital commerce powers are controlled by tiny fractions of companies.  The mindset of “onye aghana nwanne ya” [do not leave your brethren behind] is a developmental philosophy I admire, and it is time we find ways to make it global. 

Nigeria needs to push and demand changes because if we continue this way, nothing will change for our digital companies. Get other African countries and challenge the status quo as the EU is doing. See how hotels ng, wakanow, etc have all been disintermediated with jobs lost. I know that Nigerians are enjoying better technology but that is costing young people job opportunities. I am not against big tech but I want big tech with balance for the locals. The EU has a template and Nigeria must pick up and push for changes. 

I support these companies but I do not want them to destroy local companies. I do not eat data; fair game. But I do not like the idea that local companies cannot be discovered without them advertising. If we allow that, it is a locked system, and game over.  When they open bigtech travel services, local digital firms in that area go. That must change if we hope to have local jobs.

EU Defies Trump’s Tariff Threats with Crackdown on Google and Apple, Setting Stage for Major Showdown

EU Defies Trump’s Tariff Threats with Crackdown on Google and Apple, Setting Stage for Major Showdown

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The European Union has taken a firm stance against U.S. tech giants, launching a major antitrust offensive against Google and Apple while signaling its willingness to retaliate against Donald Trump’s threats of tariffs.

The bloc’s actions come amid growing transatlantic tensions over digital regulation, with the EU asserting its authority despite warnings from Washington.

On Wednesday, the European Commission, the EU’s executive arm, announced that Google’s parent company, Alphabet, was in breach of the Digital Markets Act (DMA), a landmark law designed to curb monopolistic practices in the technology industry. Regulators accused Google of engaging in self-preferencing within its Search and Google Play platforms—an unfair practice where its own services are favored over those of competitors. The EU also ruled that Google’s Play Store restricts developers from steering consumers toward alternative services, preventing them from offering cheaper payment methods outside of Google’s ecosystem.

The Commission’s findings signal a major escalation in Europe’s long-running campaign against Silicon Valley’s dominance. The DMA was introduced to break the stranglehold that major firms like Google, Apple, Meta, and Amazon have on digital markets, and Wednesday’s action is the strongest enforcement yet under the new law.

In response, Google lashed out at the EU’s conclusions, warning that they would hurt consumers and businesses. The company claimed that changes made to comply with the DMA had already led to unintended consequences, including increased costs for users.

Oliver Bethell, Google’s EMEA director for competition, said in a blog post that the EU’s findings would force even more changes to search results, dismissing the Commission’s approach as “misguided”.

“The Commission’s findings require us to make even more changes to how we show certain types of Search results, which would make it harder for people to find what they are looking for and reduce traffic to European businesses,” he said.

Meanwhile, Apple was also put on notice by Brussels. The EU issued guidance instructing the iPhone maker to comply with interoperability obligations under the DMA. Regulators insist that Apple must allow third-party developers greater access to its iOS mobile operating system, making it easier for rival services to integrate with its software. The goal is to prevent Apple from locking users into its ecosystem by making it difficult to transfer data or use competing services.

Apple reacted strongly to the Commission’s guidance, accusing the EU of slowing down innovation and forcing it to hand over new features for free to companies that do not play by the same rules. In a statement, Apple said it would continue discussions with regulators to clarify its concerns but made it clear that it viewed the DMA’s enforcement as an unfair burden on its operations.

“[The moves] wrap us in red tape, slowing down Apple’s ability to innovate for users in Europe and forcing us to give away our new features for free to companies who don’t have to play by the same rules,” an Apple spokesperson said.

Defiance to Trump’s Tariff Threats

While Google and Apple battle with the EU over compliance, the broader implications of Wednesday’s regulatory assault extend beyond the tech sector. The move is an unmistakable challenge to the Trump administration, which has been warning the EU against excessive regulation of American technology firms.

Last month, Trump threatened to impose tariffs on European imports, claiming that the bloc was unfairly targeting U.S. companies with digital services taxes, fines, and regulatory restrictions. He denounced these policies as “overseas extortion”, arguing that they disproportionately affect American firms while allowing European tech players to operate with fewer constraints.

Brussels, however, has shown no intention of backing down. The EU has already signaled its readiness to retaliate against any tariffs Trump imposes, threatening to activate a new legal instrument that would allow it to take countermeasures against Washington’s economic coercion. Reports suggest that European leaders are preparing to hit back with their own trade restrictions, escalating a conflict that could disrupt global commerce and deepen the rift between the two economic powers.

The EU’s actions are a clear display of defiance against Washington’s pressure. By cracking down on Google and Apple just weeks after Trump’s threats, the bloc is sending a message that it will not be intimidated by U.S. trade policies. The European Commission, under President Ursula von der Leyen, has made it clear that it views regulation of Big Tech as a sovereign European matter, rejecting any attempts by the U.S. government to interfere in its policies.

The tech dispute is quickly morphing into a broader geopolitical standoff, with Google, Apple, and other Silicon Valley firms caught in the middle. The EU’s insistence on enforcing the DMA, despite U.S. warnings, could push Trump to escalate his tariff threats, dragging the transatlantic relationship into a full-blown economic confrontation. If the situation worsens, the tech industry could become the battleground for a trade war that would have far-reaching consequences for global markets and digital innovation.

How to Choose the Right AP Prep Online Practice Test for Your Needs

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The Advanced Placement (AP) exams are a crucial part of the academic journey for high school students aiming to earn college credits. Preparing for these exams can be tough, but with the right resources and tools, students can boost their chances of success. One of the most effective ways to prepare for the AP exams is by using ap prep online practice test, which allow students to simulate the exam environment and assess their readiness. But how do you choose the best one for your needs? This article will guide you through the process and help you make an informed decision.

  1. Understand Your Goals

Before exploring AP prep online practice tests, it’s important to understand what you’re hoping to achieve. Are you aiming for a specific score on the AP exam? Are you looking for a resource that will help you focus on weak areas, or do you need a comprehensive review of all the content? Identifying your goals will help you narrow down your choices.

If your primary objective is to get a high score, you should focus on practice tests that mimic the actual exam format. On the other hand, if you need to improve in certain subjects or topics, look for practice tests that offer targeted feedback on your performance.

  1. Look for Realistic Practice Tests

The best way to prepare for the AP exam is by taking practice tests that are as close to the real exam as possible. Look for AP prep online practice tests that provide an accurate representation of the exam’s structure, timing, and difficulty level. This means the questions should cover the same topics as the actual exam, and the format should be identical. Some test providers even offer full-length tests, so you can simulate the experience of taking the exam from start to finish.

One example of a provider that offers realistic and high-quality AP prep tests is Turito. They offer comprehensive AP prep online practice tests designed to simulate the real exam environment, helping students feel more confident on test day.

  1. Evaluate the AP Prep Cost

When choosing the right AP prep online practice test, the cost is an important factor to consider. Different platforms offer varying price points for their practice tests, so it’s essential to assess what you’re getting for the price.

While it may be tempting to go for a free test, these options are often limited in scope and quality. On the other hand, paid practice tests typically offer more in-depth analysis, detailed feedback, and additional resources to help you improve. When evaluating AP prep cost, consider factors like:

  • Number of practice tests available
  • Access to study materials or video tutorials
  • Feedback and explanations for answers
  • Customer support and additional resources

Turito, for example, offers a variety of affordable packages that give students access to a wide range of practice tests and personalized guidance.

  1. Check for Progress Tracking and Feedback

Effective preparation involves more than just taking practice tests; it also requires evaluating your performance and making improvements. Look for AP prep online practice tests that offer detailed feedback on your answers, along with suggestions for improvement. Progress tracking can also help you stay motivated and focused as you see your scores improve over time.

Some platforms provide real-time analytics that break down your performance in specific areas, allowing you to target your weak spots. This kind of feedback can be invaluable as you move forward in your study plan. Turito provides detailed progress tracking, allowing students to monitor their improvement and identify areas where they need to focus more attention.

  1. Review the Content and Resources Available

Another essential factor when choosing an AP prep online practice test is the quality and variety of content available. Does the platform provide additional study materials, such as video lessons, explanations for answers, or practice questions? If so, how comprehensive are these resources?

A good practice test platform should provide a wide range of questions that cover all the key topics of the AP exam. In addition, it should offer explanations for correct and incorrect answers, helping you understand why an answer is right or wrong. The more resources you have at your disposal, the better your preparation will be.

Turito excels in this area by offering not only practice tests but also curated study materials, video lessons, and live doubt-solving sessions to help students gain a deeper understanding of the topics.

  1. Consider the Platform’s User Experience

When selecting an AP prep online practice test, it’s important to consider the user experience. The platform should be easy to navigate and visually appealing. After all, you’ll be spending a lot of time on the site or app, so the experience should be seamless and user-friendly.

Look for a platform that offers an intuitive interface, easy access to tests, and clear instructions. The ability to easily review your answers and track your progress will make your study sessions more efficient. Turito’s platform is known for its user-friendly design and intuitive navigation, ensuring that students can focus on their studies without getting distracted by technical issues.

  1. Read Reviews and Testimonials

Before committing to a specific AP prep online practice test, it’s always a good idea to check reviews and testimonials from other students. What are people saying about the platform? Are there any common complaints or praises? Reviews can provide valuable insights into the effectiveness of the practice tests and the quality of the platform.

Look for reviews on third-party sites, or ask for recommendations from teachers, tutors, or fellow students. Turito, for instance, has garnered positive feedback from students who appreciate the platform’s comprehensive resources, personalized guidance, and real-time progress tracking.

  1. Test the Platform Before Committing

Many AP prep online practice test providers offer free trials or demo tests. Take advantage of these to get a feel for the platform and see if it meets your needs. A free trial will allow you to test out the practice tests, explore the user interface, and evaluate the quality of feedback and progress tracking. This is a great way to ensure the platform is a good fit before committing to a paid plan.

Conclusion

Choosing the right AP prep online practice test for your needs is crucial for success on the AP exams. By considering factors such as your goals, the test’s realism, the AP prep cost, the availability of feedback and progress tracking, and the platform’s user experience, you can make an informed decision.

Turito is a great option for students looking for comprehensive AP test prep resources. With affordable plans, realistic practice tests, and a variety of study materials, Turito is an excellent choice for students aiming to excel in their AP exams.

Tyme Bank Reports 7% Growth in Customer Base, Reaches 10.7 Million Users in December 2024

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Tyme Bank, a South African digital bank aimed at the lower-income market, has reported a 7% growth in its customer base, reaching 10.7 million users by the end of December 2023.

The bank, which is the first digital bank in Africa to reach profitability, saw its total deposits substantially increase from $347.1 million in June 2024 to $380.2 million in December.

Net advances also grew from $104.6 million to $127.7 million, highlighting the bank’s expanding financial footprint. Deposits in local currency now stand at nearly R7 billion.

“TymeBank is a leading digital bank that has shown consistently higher growth in customer onboarding compared to international peers. The bank also maintains one of the highest net promoter scores in the industry, reflecting strong customer satisfaction,” ARC states.

The ARC report acknowledged a decline in the group’s valuation following an investment by Sanlam, with its fair value dropping from $215.8 million in June 2024 to $189.9 million in December. However, the bank reported a net fair value gain of $1.4 million for the period under review.

Despite short-term profitability pressures, Tyme Bank continues to invest in cutting-edge technologies, including artificial intelligence and advanced data analytics, to enhance customer engagement and drive long-term growth. The bank uses AI tools to enhance its service offerings, particularly in assessing customers’ creditworthiness. By analyzing consumer behavior, such as grocery spending patterns, it provides more accurate and inclusive lending services, further driving financial inclusion in underserved communities.

Leveraging technology to drive growth and operational efficiency, the bank is making rapid progress toward sustainable monthly profitability.  Notably, following the successful completion of its Series D capital raise in December 2024, the bank remains focused on expanding its lending portfolio to further strengthen its revenue-generating capabilities. Recall that in December last year, the digital bank officially joined Africa’s prestigious unicorn club following its successful $250 million Series D funding round, which valued the company at $1.5 billion.

Founded in 2019, Tyme Bank aimed to disrupt South Africa’s traditional banking landscape by focusing on the underbanked segment. The Neobank operates a unique hybrid digital banking model, integrating online services with physical service points. Its primary focus is on building digital banks in emerging markets, providing products such as checking and savings accounts, debit cards, buy now, pay later services and cash advances. The company currently serves 15 million customers across South Africa and the Philippines.

Since its launch, it has established a substantial physical presence through over 1,000 kiosks and 15,000 retail points across the country, helping expand its customer base by offering accessible and affordable banking services. In addition to this physical footprint, the bank has prioritized small business financing as a key growth driver.

TymeBank ascribes its achievement to its unique hybrid approach of combining digital channels with its, walk-in kiosks, made possible by long-standing, strategic partnerships with retailers, such as Pick n Pay, Boxer, and TFG, and loyal customers.

Despite reaching unicorn status last year, the back is not showing signs of slowing down, as it continues to strengthen its position in South Africa’s banking landscape. Interestingly, CEO Karl Westvig had earlier revealed that the bank has succeeded in offering its services that cater to the poorest communities in South Africa while maintaining financial sustainability.

Looking ahead, the company is targeting a New York Stock Exchange listing by 2028, with plans for a secondary listing in South Africa, cementing its position as a leader in emerging market fintech innovation.

The Thrill of the Ice: Short Track vs. Traditional Speed Skating

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When skaters are executing speed skating as a sport, it’s hard to ignore their overridden importance in gliding elegantly and astonishingly across the ice. It’s spectacular to look at. But what not many people know is that there are two forms of speed skating. This article will look at the differences between Short Track and traditional speed skating, focusing on their race types and level of difficulty. Get ready for a deep dive into the world of ice skating!

What are Short Track and Traditional Speed Skating?

Traditional and Short Track Speed Skating are two exciting types of ice skating that have some major differences in their style, format, and even competition strategy. Short Track Speed Skating takes place in a smaller rink and requires greater focus on speed, quickness, and closeness to fierce competitors as the races are very competitive. Traditional Speed Skating occurs in a larger arena, which places more focus on smooth and fast gliding over longer distances in Traditional Speed Skating. It goes without saying that both forms display excellent skill and physical ability, but they are different in their own way.

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Key Differences in Race Format

The way races are set up for each category differs quite a bit, which changes not only the degree of difficulty but the skillset needed as well:

  • Short Race Distances: The races in the Short Track competition are shorter than in Traditional Speed Skating, which ranges from 1,000 meters to 10,000 meters. Short Track races are usually between 500 – 1,000 meters.
  • Multiple Competitors in One Race: Short Track events are typically more exciting as they feature 6 – 8 competitors per heat. In Traditional Speed Skating, the two-contestant format is the standard, and races are done against the clock for the best time.
  • Course Turns: The 111-meter oval used in short-track racing is much tighter than the 400-meter course used in Traditional Speed Skating, which has wider and easier turns.
  • Qualification Rounds: In Short Track events, skaters need to advance through multiple heats to get a chance at the finals. The advanced process in Traditional Speed Skating is much simpler – it consists of several time trials, with the fastest time winning the next round.

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Start and Finish Differences

The starts and finishes in Short Track and Traditional Speed Skating differ in terms of strategy and execution. In Short Track, the start is energetic and sometimes wild. All the skaters are set to go off in a bunch, and there can easily be a fight for position in the first few seconds of the race. The way Short Track athletes finish is very remarkable as well since skaters rush to the edge of the rink. Skaters can often find themselves crossing the finishing line within seconds of each other, creating an element of drama and suspense.

On the other hand, in traditional speed skating, there is a set start for each athlete, who is parted by a certain time frame, so starts are more measured. This strategy limits the possibility of crashes, yet it shifts a lot of trust in the single skater so that they do not slow down their pace during the entire race. Finishes tend to require more endurance, and a skater has to go through fatigue to improve on their time.

Training and Physical Demands for Athletes

Physical preparations for athletes in Short Track or Traditional Speed Skating differ greatly. Let’s take a brief look at the primary requirements for each sport:

  1. Endurance: Traditional Speed Skating athletes prepare for lengthy endurance races that require aerobic conditioning to last several kilometers at top speed.
  2. Speed and Agility: Short Track focuses on an athlete’s acceleration capacity, rapid speed, and agility to maneuver tight corners and compete with many skaters at the same time.
  3. Strength and Power: Leg muscle power is essential in both disciplines. However, Short Track skaters require power for rapid acceleration, whereas Traditional skaters need muscle strength to sustain their speed.
  4. Mental Focus: Both sports demand considerable mental endurance, unlike other sports. Short-track skaters have to focus on not colliding, and Traditional skaters have to focus on completing a distance.

These various physical aspects make sure that the athlete has to concentrate and train hard on a specific discipline.

The Ice Awakens: A Final Lap

Last but not least, it does not matter if you prefer the action-packed Short Track or the strategy-rich Traditional Speed Skating because both sports have their own unique appeal. Each sport tests an athlete’s physical and mental abilities to the extreme and, in the end, displays the strength, accuracy, and love of skating. Subsequently, when observing a skater on the ice, recognize that so much more is occurring than what is depicted. This sport is beyond just feeling the speed and adrenaline rush. It is a sport that sets your heart on fire!