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Tekedia Mini-MBA is “Simply the best” – Hajia Ahmed

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She is one of our most ardent fans. As I write, she has prepaid for the next three editions. Thank you.  How do you move your consumers to become customers, and then move those customers to become FANS? Today, I ask you to find out why Hajia wrote that Tekedia Mini-MBA is “Simply the best”.

Begin here

CEO of Bitfxt, Franklin Peters, to Lead A Session On Decentralized Finance – Tekedia Live

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His BFI was accepted into Coinmarketcap today. And he is building BoundblessPay to unleash a new dawn in intra-African trade. With his Mastercard branded card, you can withdraw Naira or other African currencies for major cryptos. But the one on Decentralized Finance is the digital gold that makes me extremely happy; I am a Bitfxt investor. Tomorrow at Tekedia Mini-MBA Live, Franklin Peters will lead a session on Decentralized Finance in Africa. Zoom link in the Board.

 

Swedish Court Gives Huawei a Lifeline As Brazil Operators Resist US pressure to Axe the Chinese Company

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Huawei has got a lifeline in Sweden after a court on Monday suspended parts of the decision that had excluded it from participating in the 5G spectrum auction. The decision has forced Sweden’s telecoms regulator PTS to halt the auction.

The Chinese telecom company has been at the center of discussion of every 5G network roll-out, a situation instigated by the United States’ security concern. The US has been wary that the Chinese government would access information from Huawei, compromising its national security as well as those of its allies.

Against this backdrop, the United Kingdom had in July, severed ties with Huawei. As the pressure from the US mounts, many countries have succumbed to it by kicking Huawei out.

PTS had announced earlier it booted Huawei out of its 5G spectrum due to security concerns. But the telecom had appealed the decision.

The Stockholm administrative court said in the decision that certain parts of PTS’ decision prior to the upcoming 5G auctions will not apply until further notice. That means, Huawei will be allowed to participate in the impending 5G spectrum auction.

Kenneth Fredriksen, Huawei’s executive vice president, Central East Europe and Nordic Region, told Reuters that the company has no further intention of legal action against the Swedish authorities, and at this point, they are waiting to have constructive dialogue.

Most parts of the world have been pushing to cage Huwaei

“We are willing to cooperate fully in terms of any future requirements they may put as a supplier of 5G equipment that will enable us to be a certified vendor,” he said.

The bans on Huawei have placed Finish Nokia and Swedish Ericsson in a lucrative position as their participation in the 5G roll out has increased significantly in the past few months. They were expected to fill in the gap created by Huawei’s ouster.

The PTS approved the participation of Sweden’s Hi3G Access, Net4Mobility, Telia Sverige and Teracom in the planned spectrum auction of 3.5 GHZ and 2.3 GHz, key bands crucial for the roll out of 5G.

Tele2 and Telenor will participate together as Net4Mobility to secure spectrum for a joint nationwide 5G network.

The auctions were expected to start from Tuesday. PTS said it has informed the operators about the halt and would review the possibility of starting the process as soon as possible.

“This is not a victory for Huawei and it is not a loss for the Swedish government,” said industry consultant John Strand. “The uncertainty related to the condition for the auction is the reason PTS is halting the auction process.”

Senior Judge John Johan Lundmark said in a court statement that “the decision granting a stay means that the terms concerning, among other things, the use of products from Huawei until further notice do not apply during the Administrative Court’s continued deliberation of the case.”

However, the ruling could set a precedent that will impact governments’ actions toward Huawei in other countries.

Last week, top four telecom companies in Brazil had shunned the invitation of US official, Ambassador Todd Chapman. He had invited them to the US embassy in Sao Paulo, to meet visiting under secretary of state for economic growth, energy and the environment Keith Krach.

The carriers had turned down the invitation because he had advocated excluding Huawei from the Brazilian 5G equipment market, according to people familiar with the matter.

US has also pushed against Huawei

“This invitation is not compatible with free market choices that we are used to. We should be able to freely make best financial decisions,” they said.

Telecom companies in Brazil, such as Telefonica Brazil, TIM  participaçôes, controlled by Telecom Italia SpA and Claro, owned by Mexico’s America Movil, each control between 19% and 29% of Brazil’s wireless market, according to Reuters.

They already use Huawei equipment in preparation for the auctioning of spectrum concessions next year in Brazil and do not entertain the idea of Huawei ban being pushed by the US.

Brazil is among few countries trying to resist the diplomatic pressure from the US to throw off Huawei.

In Europe, following the UK’s decision to oust the Chinese telecom, other countries are already taking the same step or contemplating to do so.

But the Swedish court’s decision seems to have amplified Huawei’s chances to be part of 5G auctions through legal contests.

Ndubuisi Ekekwe Invests in KreekAfrica To Deepen Value In Tekedia Mini-MBA

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As we conclude another edition of Tekedia Mini-MBA, we have two questions we are working to solve: how can we provide services to help our alumni who are looking for jobs? And as we do that, how do we make it possible for small companies in our program to hire the professionals they need to grow?

To solve those challenges, I have taken equity in KreekAfrica.com. It is an online community with the mission to connect professionals from across Africa, and the rest of the world, to clients, and businesses, globally. In other words, it makes it possible for those looking for work, and those looking for people with capabilities to hire, temporarily and permanently, to come into an equilibrium. 

We will offer payroll loans to small companies to hire workers and we will provide training to professionals to have the right skills to be employable. The companies that benefit from our payroll will pay as they grow. 

I am very excited to join KreekAfrica Team for the promise of the future. And I am very confident that prospective Tekedia Mini-MBA members will see more reasons to attend our program.

 

Uber Unveils New Feature in Expectation of Market Rebound

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About a week after Uber won the prop. 22, to keep drivers classified as independent contractors in California, the California-based ridesharing company has rolled a new feature in an attempt to win more market share.

The feature will enable riders to reserve rides up to 30 days in advance and pick their favorite driver for the trip. The new option, called Uber Reserve, will begin to show up on the cab company’s app next week. Uber said it is designed for riders who want to book rides from two hours in advance.

Uber said its current “schedule a ride” option will be kept open for those trips that fall under that two hours in advance timeline.

“While saving you time lays at the heart of our service, we wanted to take this idea to the next level by building mobility features that more flexibly fit around your life,” said Holley Beasley, operations lead at Uber.

Part of the Reserve feature is showing the fare upfront and being matched to a driver ahead of the trip. There is also a “favorite driver” option designed to allow riders select drivers they prefer. They can now add favorite drivers to their app, and once they select the Reserve features, riders will have the choice to select one of their “favorite drivers.” Uber said the favorite drivers will be presented to riders first when they request a ride, and the drivers will not be penalized if they declined the request.

Uber stock has been rising

Uber Reserve will launch first in 20 US cities and will start with premium Uber Black and Black SUV rides. The company said it will make the feature available to other ride options such as Uber X, “comfort” and XL by the end of the year. The new feature will initially launch in Atlanta, Austin, Charlotte, Charleston, Chicago, Dallas, Denver, D.C. Fort-Myers/Naples, Houston, Las Vegas, Miami, Milwaukee, Nashville, New Jersey, New York City, New Orleans, Orlando, Philadelphia, Phoenix and Seattle.

Uber also introduced an additional 15-minute grace period if the rider is running late and an on-time guarantee that will give users $50 in Uber Cash if their driver is even a minute late to the ride they have scheduled. The company told TechCrunch that the Uber Cash will come directly from Uber, not the driver’s earnings.

The ridesharing company said it has added additional protection for the drivers as well. If a Reserve ride is cancelled within an hour of the trip, the driver will be compensated with the full fare.

Uber seems to be readying for a market rebound after the turmoil of COVID-19 pandemic. The news of Pfizer vaccine that is 90% effective in preventing the spread of the virus impacted Uber’s stock positively. Its shares rose 7.38% to close at $48.18 following the news of the vaccine.

Techcrunch reported that the stock rise is the highest close for Uber since its public market debut in May 2019. It is also the first time since June 2019 that shares close above its $45 IPO price.

Uber trialed Uber Boat in Lagos

Following the outbreak of the pandemic, Uber’s business has been hardly hit as the lockdown and other safety measures restrict movement. To stem the tide, Uber has focused on food delivery. Its Q3 report showed a significant drop in revenue even though the food delivery segment of its business was expanded.

Uber reported gross bookings of $14.7 billion in the period, recording a decline of 10% compared to the same quarter last year. The bookings generated $3.1 billion revenue for the company, 18% decline compared to the same period a year ago.

Analysts had expected the company to earn $3.2 billion. But it partially made up for the loss with an earnings-per-share beat. Uber lost $0.62 per share in the quarter, falling short of $0.65 expectation.

Uber’s third quarter loss was $1.1 billion, a slight difference from the $1.2 billion loss last year.

The company said it will apply the prop.22 approach in fight with state laws in other cities.