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OSUN 2022: APC Joins PDP in Attack Campaign Strategy and Vote Buying Incentives Deployment as Election Approaches

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The All Progressives Congress has joined the main opposition party, the People’s Democratic Party, in using an attack campaign strategy with 22 days until the Osun 2022 governorship election, according to Positive Agenda Nigeria, which has been observing activities of political parties and their supporters on various media. The organization notes that the opposition party has been utilizing the strategy mostly since April 6, 2022, while the ruling party has continued to use it sparingly over the course of the prior weeks of monitoring.

In its seventh report of the monitoring, the non-governmental organization notes that the vote-buying controversy that had been discussed in various media over the previous weeks eventually materialized in some cities and towns, where members of the ruling party and opposition distributed various incentives to the electorate. The report contained proof that breads and beans had been distributed.

The organisation notes that findings for Week 7 indicate that the two main political parties adopted attacking and defensive strategies for their campaign messages more strongly than messages promoting their candidates. This implies that when one party accused the other, the other issues rejoinders (e.g., press statement, press conference) to debunk the allegations, and vice-versa. Dominant among such allegations that led to verbal attacks and defenses included thug-related violence, killing and voter inducements. Essentially, vote-buying was discussed mainly in relation to possible electoral violence during the poll. Then, rigging through collusion with security agencies, the INEC and political thugs were communicated by the main opposition party as part of their attacking strategies.

“Despite that the two main political parties advocated violence-free election, they accused each other of sponsoring some political thugs to harm each other’s strong supporters. Then, despite that the two parties admonished their supporters and the general people of Osun to collect the PVCs, and desist from selling their votes, some pictures (e.g., packaged rice and white beans) that suggested alleged inducement of potential voters by the two parties surfaced on Facebook and Twitter. If these were really inducements as alleged by digital natives, it means stomach infrastructure is still much an active tool politicians use to woo potential voters with a view to influencing their voting pattern. This is dangerous for the true representation of people’s choices.

In spite of the accusations and counter-accusations, supporters and members of the two parties seriously sought votes for their candidates through the communication infrastructure— Facebook, Twitter, campaign grounds, jingles and newspapers. As they canvassed votes, discussions on education dropped while issues related to economy and infrastructure picked. Moreover, the fact that the potential voters in Osun were more interested in knowing more about employment, security and agriculture in week 7 is insightful.

The political parties, had they had factored in the search interest of Osun citizens in planning their campaign messages, would have discussed the issues that would interest the citizens in convincing detail. Instead, the political actors engaged them (the public) on unrelated issues and infrastructure as observed in the parties’ campaign speeches.”

In addition, the ruling party remains the only political party that had significantly engaged the public across the campaign issues in the last seven weeks while the People’s Democratic Party remains the only opposition party that trailed the ruling party in engaging the public. The smaller opposition parties (SDP, Labour, and Accord) also had some slight changes in engaging the public on their campaign promises.

“Finally, we reiterate the recommendations we made in week 6. That is, we urge the Independent National Electoral Commission (INEC) to partner with security agents in the state with a view to ensuring lives and property of voters are protected on the election day. Political thuggery and life-threatening vandalism should not return to the political atmosphere in Osun. We also urge the INEC to convene meetings of political stakeholders in the state where issues relating to vote buying, voter inducements and violence alongside the legal penalties for offenders will be discussed.

In addition, as election draws nearer, we specifically suggest that the two main political parties convene meetings among their media teams and handlers, and enlighten them on the need for decorum and strategic issue-based campaigns across their online platforms. This, we believe, will reduce the toxic political atmosphere being observed in Osun online-sphere. Importantly, political parties in the state should desist from unnecessary heating of the polity with their unsubstantiated allegations and counter-allegations— If they have evidence of committed violence by a party or its supporters, they should report to the appropriate authorities. All political parties should understand that elections are seasonal; they will come and go, but the state remains.”

The full report is available here

Netflix Sacks 300 Employees in New Round Layoffs

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Recall that two months ago, video streaming giant Netflix sacked 150 members of its staff. Recently, the company has sacked another 300 staff members, which represents 3% of its workforce.

The company disclosed that this move was necessary so that they can adjust costs as the company continues to record slower revenue growth. Netflix revealed that about 216 affected staff members were in the United States, 30 employees were from the Asia-Pacific countries, 53 in Europe, the Middle East, and Africa, and 17 in Latin America.

Following the new round of layoffs, the management had to issue a statement. In their words, “Today we sadly let go of around 300 employees. While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth”

Netflix has joined the list of companies that have laid off staff members this period over a decrease in revenue growth. Other companies are Tesla, Compass, Stitch Fix, and Coinbase. Netflix laying off staff members is no doubt business-driven and not based on individual performance.

In the first quarter of the year, the company was hit with a drastic decrease in revenue, when it lost 200,000 subscribers and is expected to lose an additional 2 million subscribers in the 2nd quarter.

Part of what led to a major loss of subscribers for Netflix was a hike in their subscription price. The company has also attributed password sharing to the decrease in its revenue as it is making efforts to crack down on password sharing, noting that over 100 million households are sharing the same password.

Password sharing has impacted the earnings of the streaming platform which has translated into a loss of opportunity for subscription sales. Netflix initially allowed password sharing to attract subscribers in its early days.

However, subscribers started to use the platform beyond just immediate family, sharing it as a group subscription plan with friends and acquaintances. While the concept had a promising start to attract subscribers, it currently seems to have outlived its purpose.

Recall when Netflix was founded in 1997, the company swiftly developed a reputation for revolutionizing the movie rental market, which saw them dominate the market, enjoying minimal direct competition.

The company then discovered a way to maintain its market by positioning itself where it entered the movie market in its infancy. The streaming company continued to enjoy that domination until other streaming companies began to surface.

Currently, the company is faced with heightened stiff competition from other streaming companies like Hulu, Walt Disney, Amazon Prime Video, HBO max, and Discovery +.

Looking at the strong competition Netflix is facing from other streaming companies, it shows that one thing is certain in business, which is that no matter how long a business or brand have been dominating the market, they will eventually begin to face stiff competition from competitors, which is why a business or company must not rest on its laurels, rather they should keep improving and evolving.

One thing Netflix must do to regain its spot as the number one streaming giant is to identify a strong competitive advantage and offer services that are lacking in other streaming services. Also, their subscription fee should be in sync with other streaming companies, because naturally, humans will love to go for subscriptions with a lesser price.

Tekedia Capital Invests in Touch and Pay Technologies, the Microtransaction Fintech Leader

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It is one of the finest technology companies in Africa. It is the leader in microtransactions. I joined the advisory board about 3 years ago when it was processing just N5 million per month. Today, it is hitting N6 billion per month. I am very excited to announce that Tekedia Capital this month invested in Touch and Pay Technologies Ltd (YC W22), the undisputed fintech leader for assured-revenue , informal and formal microtransactions, in Africa.

We see a great category-king company, and a business with the right business tools and models to unlock the cash and microtransaction component of the $320 billion transactions which move from consumers to companies yearly in Nigeria. Scale that across Africa, you will see a new type of animal called “unicorn” coming home! I like unicorns, hello.

To join members of Tekedia Capital and own a piece of leading technology-anchored startups in Africa, connect with Nnamdi Odumody or read here. The best companies come to Tekedia Capital and we make friends with the finest innovators. We won the best angel/VC fund award in Nigeria in 2021.

When A Cookie Destroys An Empire As China Unveils New Regulations for Live-streaming

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Li Jiaqi, the king of selling lipstick in China, made a big mistake: he replicated the military tanks (with cookies and ice cream) used in Tiananmen Square (China) massacre which happened decades ago. As he was in his liveshow, the platform took him off. He had committed an unforgivable sin by reminding the Chinese of that past when he live-streamed the “tanks” on the eve of the massacre’s anniversary.

Then, he has been largely banned.  Li is the world’s most successful seller of lipstick and makeup; he has the record of generating $1.7 billion in sales within 12 hours. In other words, he does more in hours than what some companies do in a year!

There are still three more weeks to go China’s annual mega shopping event on November 11, but one of China’s top livestreamers has already sold some $1.7 billion worth of goods in a promotion to usher in the event.

In a 12-hour-livestream on Wednesday kicking off Alibaba’s Singles Day Shopping Festival on its Taobao app, Austin Li Jiaqi — widely known as “Lipstick King” — moved 10.7 billion Chinese yuan ($1.7 billion) worth of products reported China’s Economic Daily newspaper. Alibaba does not typically release sales numbers, but CED cited data from third-party data analysis company Hongren Dianji.

But his creation of a tank with cookies and ice cream is causing problems. Now, China has unveiled new regulations to deal with livestreaming: “The 31 banned behaviors during live-streaming sessions include publishing content that weakens or distorts the leadership of the Chinese Communist Party, the socialist system or the country’s reforms and opening-up.”

Simply, that livestream is going to eclipse and distort the world’s largest livestream-commerce market. Ice cream and biscuit (if you prefer that) could be that powerful!!!

Just when it feels the dust has settled on China’s regulatory crackdown on its tech sector, the authorities are shifting focus to another part of the country’s digital industry – live-streaming.

SCMP reports that China has issued new regulation on the live-streaming industry that lists 31 banned behaviors, limiting topics that influencers can talk about.

The latest move complements the government’s efforts since 2021 to regulate the booming digital economy. Other sectors of the tech industry, including payment, ride-hailing and edtech, have been severely dealt with as the government intensified efforts to clip wings and keep everything under the control of the Communist Party.

China Unveils 31 New Regulations to Control Live-streaming Behaviors

Lagos Ranked the Second Worst City to Live in the World

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Lagos Nigeria has been ranked the second worst city to live in the world by the Economist Intelligence Unit (EIU), a global business intelligence that studies and ranks liveable urban areas.

The ranking, which was contained in the first quarter of 2022 Global Liveability Index, ranked Lagos 171 out of 172 countries, putting Nigeria’s commercial capital just ahead of war-torn Syria capital, Damascus.

Lagos has been rocking the bottom 10 in recent years, and has remained in the second worst position since the last ranking.

“The least liveable cities were Damascus in Syria, Lagos in Nigeria, Tripoli in Libya, Algiers in Algeria and Karachi in Pakistan,” the EIU said.

The ranking which sees Vienna, Austria and Copenhagen, Denmark take the first and second positions respectively, makes Lagos the worst city to live in Africa, as it comes behind war-ravaged Libyan city, Tripoli. But other cities improved from the last ranking.

“However, most of the cities in the bottom ten have improved their scores compared with last year, as COVID-19 pandemic induced pressures,” EIU stated.

The EIU, which is a sister organization to The Economist, ranked 173 cities around the world on a variety of factors, including health care, crime rates, political stability, infrastructure and access to green space.

The EIU examines the quality of health care, education, infrastructure, stability, and culture when assessing living conditions of each city.

More than 30 factors are taken into account when calculating each rank, which are then compiled into a weighted score between one and 100.

From the indicators used for the ranking index which was stability, healthcare, culture & environment, education and infrastructure, Lagos scored 20.0, 20.8, 44.9, 25.0 and 46.4 respectively which dragged its score to 32.2 from a total of 100.

Experts believe that Lagos has remained in the bottom of Liveable cities due to failure to improve both human capital and economic developments.

“The poverty level in the country is high and government policies or reforms are not happening as fast as they should to improve the standard of people living in the country, Ibrahim Tajudeem, head of research, Chapel Hill Denham said. “If all these things do not change, then Lagos and Nigeria as a whole will still lag when compared with other cities in the world where developmental activities are happening.”

Lagos is experiencing a population explosion that the government is doing little to contain. With housing, healthcare, and road infrastructures so deficient to commiserate with the rising population, Nigeria’s commercial hub will need far more than usual effort if it will get out of the bottom 10 of the Global Liveability Index in the next ranking.

The EIU latest ranking poses a threat to Lagos’ rising reputation as Africa’s largest tech hub, holding billions of dollars in investment as it is the birthplace to fintech unicorns such as Flutterwave and interswitch. The above-mentioned environmental concerns are capable of spooking investors, which will be detrimental to the city’s economic growth.