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Airtel Africa Reports Strong Net Profit, Customer Growth in Q2 2024

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Airtel Africa, in its recently released financial report for the second quarter (Q2) 2024, for the year ended June 30, 2024, showcased strong growth, despite tough economic challenges.

The telco firm which operates in 14 African countries, reported an 8.6% increase in its total customer base, reaching 155.4 million. Data customers across the continent rose by 13.4% to 64.4 million. Data usage per customer increased by 25.1% to 6.2 GB, with smartphone penetration growing by 4.7% to 41.7%.

The report also highlighted growth in Airtel’s mobile money platform, with a 14.9% rise in subscriber count and a transaction value of $210 billion. Data ARPU (average revenue per user) grew by 9.6%, while mobile money ARPU increased by 8,8% in constant currency, contributing to an overall ARPU increase of 9.3% year-on-year. Across its Group Mobile Services, revenue grew by 17.4 percent and mobile money revenue grew by 28.4 percent in constant currency.

On Network coverage, the company reported a 33% increase, adding nearly 3,000 sites and over 5,600 kilometers of internet fiber across Africa. Notably, it achieved 19% constant currency growth, driven by 33.4% growth in Nigeria and 22.3% growth in East Africa. However, Airtel Africa recorded a decline in currency revenue in Nigeria by 16.1%, due to the devaluation of the Naira.

The translation impact of currency devaluation on reported currency results was the primary driver of EPS before exceptional items declining from 3.9 cents in the prior period to 2.3 cents. Basic EPS of 0.2 cents compares to a negative (4.5 cents) in the prior period, predominantly reflecting the USD 471 million of exceptional derivative and foreign exchange losses in the prior period, compared to USD 122 million in the current period.

Speaking on the report, Airtel Africa CEO Sunil Taldar said,

“The continued revenue growth momentum once again reflects the resilient demand for our services, with sustained growth in our customer base and usage. Our superior execution enables us to capture these opportunities, whilst retaining our reputation as a cost leader across the industry. Having visited most of our opcode since I joined Airtel Africa, I am encouraged by the scale of the opportunities available across our markets in both the GSM and mobile money business”.

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa. The company offers an integrated suite of telecom solutions to its subscribers, including mobile voice and data services as well as mobile money services, both nationally and internationally.

It aims to continue providing a simple and intuitive customer experience through streamlined customer journeys. By integrating mobile voice, data and financial services, Airtel Africa is committed to empowering its subscribers with the tools they need to stay connected, informed and financially active.

The Trump’s Igbo Apprenticeship System On $5,000 Donation To Kamala Harris

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The principle of the Igbo Apprenticeship System is universal. In the Harvard Business Review, I wrote “The Igbo apprenticeship system (IAS) is a communal enterprising framework where successful businesses develop others, and over time provide capital and pass along their customers to the new businesses.”  Donald Trump donated $5,000 to Kamala Harris’ California attorney general reelection campaign in September 2011.

But unlike the Igbo Apprenticeship System where the apprentice (sure, pardon the analogy) rarely challenges the boss (sure, pardon the analogy), Harris is possibly going to battle for the US Presidency against Trump in November.

It is politics – no permanent enemy, no permanent friend, but permanent interest. May the best win.

Rollblock and Helium Price Surges Once More In July As ETH ETFs Go Live; RBLK Holders Up Over 70%

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The Ethereum ETFs have recently launched and are likely to cause huge rallies in the altcoin market. Ethereum (ETH) and Helium (HNT) have already seen healthy gains but a new token on Ethereum, Rollblock ($RBLK) is predicted to outperform them both with experts predicting up to 100x this year.

Helium ($HNT) Passes Adoption Milestone

Helium (HNT) rallied over 40% in the last week. Helium analysts are pointing to a recent surge in users, as the platform has registered over 100,000 signups in recent days.

With such a sudden jump in price for Helium, its price will likely stall in the coming days as long-term holders take profits. In the event of a dip, Helium bulls will be looking for support to hold at the $4.45 support level, with analysts predicting that Helium could reach $5.00 if current trends continue.

Ethereum ($ETH) ETFs Go Live To Healthy Inflows

The Ethereum (ETH) ETFs are now live and saw over $100 million in volume within the first 15 minutes of trading. On July 23rd, the SEC gave the final approval for institutions to access the Layer 1 cryptocurrency Ethereum inside an exchange-traded fund.

Despite healthy inflows, price action has been muted so far, with Ethereum seeing a 1.1% decline over the last 24 hours. Many are forecasting that the ETFs will kick-start a huge rally for Ethereum, with targets being set on $10,000 per coin.

Rollblock ($RBLK) Presale Attracts Over 6000 Investors

Rollblock ($RBLK) is a brand new coin in the GambleFi niche set to revolutionize the online gambling industry. By encrypting and inscribing all bets onto the Ethereum Blockchain, Rollblock can guarantee that there will be no tampering with bets once placed.

No KYC is required when signing up, meaning that Rollblock is completely anonymous and free from the risk of a data breach. Gamers can simply connect a crypto wallet and get started by depositing one of over twenty accepted cryptos, from Bitcoin to USDT.

The games on the site are powered by the latest AI tech and audited by Solid Proof and Gaming Curacao. Leaderboards and community features keep gameplay new and exciting, as will the addition of a new sports betting feature.

Winnings are paid out in RBLK, the native token of the casino. Featuring a hard cap of a billion coins and opportunities for staking rewards, RBLK is an obvious long-term hold for crypto holders. The revenue-sharing scheme will see potentially millions of dollars of profits used to buy RBLK each week, which will then be burned and used for staking rewards.

Currently available for the low price of $0.017, RBLK has attracted over 6000 early investors including over 1500 in the last week alone. Crypto gem hunters are urged to make an allocation to Rollblock and lock in 100x gains before price explodes!

 

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

L2s Polygon and Arbitrum Show Bullish Indicators While DTX Exchange Soar Past $1M in Presale

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It is another week of Bitcoin (BTC) holding strong above $65,000 and the goal remains the same: a new peak. Ethereum (ETH), the leading altcoin, also trades around $3,500, buoyed by the excitement around the launch of ETFs. Showing bullish indicators and aiming to ride this bullish wave are Layer-2 tokens: Polygon (MATIC) and Arbitrum (ARB).

At the same time, DTX Exchange (DTX), a new player that aims to breach the gap between TradFi and DeFi, is quickly becoming an investor favorite. It recently soared past $1 million in presale, hinting at optimism and confidence in its potential.

DTX Exchange (DTX): A New Favorite Ahead of Arbitrum and Polygon?

DTX Exchange (DTX) is an innovative project aiming to bridge the distance between traditional and decentralized finance. Traders will no longer be limited to traditional asset classes, as it intends to open up a world of opportunities to diversify portfolios.

Its vision is to create an inclusive, secure and technologically advanced financial ecosystem. This includes a diverse range of assets: equities, foreign exchange (FX), contract-for-differences (CFDs) and cryptocurrencies. Some of its many perks will include up to 1000x leverage, access to over 120,000 assets and no KYC requirement.

With adoption all but imminent, it is a new player to watch out for in the 10-billion-dollar global trading market. The ongoing presale has become a new favorite as a result, with a staggering $1.1 million raised in the second round. Meanwhile, the token is competitively priced at $0.04, which experts project will experience a 50x jump in value post-launch.

Polygon (MATIC): Collaboration WIth Irreducible

Polygon MATIC is one of the popular Layer-2s in the crypto space, providing much-needed scaling solutions for developers and projects. While it had a remarkable first quarter—recording an annual high of $1.2—it has since retested $0.5. Nevertheless, the team continues to build, with holders more bullish than ever, especially with clear bullish indicators like the launch of ETH ETFs.

In the latest development, ZK researchers at Polygon Labs and Irreducible are building a Binius-based ZK virtual machine for the AggLayer—an interoperability platform that provides cryptographic safety for shared pools of assets among chains. This product is expected to be ready for testing at the end of the year.

The above highlights the growing dominance of the Polygon Network in the L2 space. It also places it on the list of the best altcoins to invest in, despite its months-long decline. With a comeback brewing, investors have been scooping up MATIC in their Polygon Wallet.

Arbitrum (ARB): Gearing Up to Surpass $1

Arbitrum (ARB) is another Ethereum Layer-two scaling solution. It takes a unique approach by employing optimistic rollups to improve speed, scalability and cost-efficiency. Similarly, it is primed to skyrocket as ETH ETFs go live, with growing whale activity also signaling a rally.

Given its high throughput and cheap transaction fees, it is no surprise that the Arbitrum Bridge is one of the most frequented destinations. This paints a bullish picture, making ARB one of the best altcoins to invest in.

As such, investors have been buying the dip and stacking up their Arbitrum wallets ahead of what might be a big jump. Analysts predict a rally past $1 before the end of August. If nothing else, it is a token to keep on the radar.

Conclusion

Polygon continues to make waves in the layer-2 ecosystem, evident in its ongoing collaboration with Irreducible. Meanwhile, Arbitrum gathers steam for a rally past $1 amid ETH ETF buzz and rising whale interest. Also basking in the spotlight is DTX, a novel project at the intersection of TradFi and DeFi, recently soaring past $1 million in presale.

Visit the official DTX Exchange (DTX) website for the latest updates and information.

 

Waiting for Nigerians to Sue Netflix As We Do Against MultiChoice (DStv, GOtv) whenever Prices are Increased

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I have scanned the Twitter space to know if anyone is going to sue or block Netflix’s recent price increases in Nigeria. Yes, this week, Netflix increased its prices by about 40% in Nigeria:

 ” With the latest price update, Nigerians will now be paying N7,000 per month for Netflix’s Premium Plan, which has seen a 40% increase from its previous rate of N5,000 per month. The standard plan subscription increased from N4,000 to N5,500 representing a 37.5% increment, which is popular among Nigerian subscribers for its HD quality and multi-screen viewing options,…The latest price increment makes it the second price adjustment by the platform within the space of three months in Nigeria, having implemented a price increment earlier in April this year.”

You know what? Nobody has gone to court to block this increase in Nigeria. And even the price regulator did not put out a word condemning this increase. But if this is coming from an African company named MultiChoice which owns DStv, GOtv, etc, the court would have ruled by now.

I do not live in Nigeria to know what they show on DStv and I have no time for Netflix; my only concern is that Nigeria may not be fair to some South African brands in our nation. Yes, we treat them differently, and that must change. They do what others do as they adjust for inflation, currency deterioration, etc, but we only go after them.