DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 6959

The Bishop TD Jakes’ Testimony – “I’m Igbo, we’re hardworking, industrious and self-sufficient people” [Video]

0

We love you Bishop TD Jakes. I recommend to President Buhari to sign your citizenship documents so that you can become our Ambassador to the United States! Nigerians are “hardworking, industrious and self sufficient people” – just wish someone can put same in all billboards in the beautiful America. Just imagine the shock to many in the audience when Bishop proclaimed to the world that he indeed is a Nigerian (yes, Nigerian Igbo)! Okeosisi, welcome home.

American pastor, author and filmmaker, Bishop Thomas Dexter Jakes, has reportedly traced his roots to Nigeria, where he has discovered that he is actually Igbo.

As posted on her Facebook wall on Friday, Mrs. Ifeanyi Adefarasin of the House on the Rock Church, notes that the bishop of The Potter’s House, a nondenominational American mega church, stepped on Nigerian soil for the first time this week.

In the past, I used to read Okike which Chinua Achebe edited many years ago. Legendary Prof FC Ogbalu, one of the finest scholars on Igbo language and others would descend at Ahiajoku lecture to discuss big stuffs. It was always a beauty to welcome Achebe into the hall. Between electronics in FUTO and Ahiajoku, I had always gone to listen to these men [school could wait!]. Achebe would speak in his own Igbo dialect while Ogbalu would remind all to use Igbo Izugbe (General Igbo) which he contributed extensively.

As a village boy that came to Owerri (Imo State Nigeria) for university education, I used to camp to listen to these legends during the Ahiajoku lecture, then most important academic gathering of Igbo scholars. Prof Chinua Achebe had edited Okike – the journal of creative writing. Reading Okike as a university student was liberating. These men did a lot of work, and there was intellectual rivalry on the harmonization of Igbo language. The scholars continued working until late 1980 when they ratified many things [it never stops, Igbo continues to advance]. Where they could not agree or find a decent local equivalent, they igbonized, spelling English word with Igbo characters.

Achebe was always supremely iconic in Ahiajoku. Ogbalu was eminent. You learn about Pita Nwanna – the author of Omenuko [the man that builds during scarcity]. Omenuko was one of the earliest works on Igbo that chronicled trading, documenting what frameworks which legends like Nnanna Kalu used to build empires in Aba and other cities. Mazi Kalu was the Aliko Dangote of his time, controlling most sectors in eastern Nigeria and beyond

Now, imagine inviting TD Jakes to come and give a lecture in Owerri, connecting the Jewish heritage and the Igbo nation. I promise you that a new Ahiajoku will be as popular as the Carnes Festival.

The video and the words from Bishop Jakes: “The Igbos are called Black Jews. I am Igbo, we are hardworking, industrious and self-sufficient people”

The Anniversary – Modern Igbo is 40

MTN Nigeria Makes History – Exceeds N1,000,000,000,000 Revenue

0

MTN Nigeria had a really great 2018: everything was up, from ARPU to revenue to subscribers. In short, they made history on revenue. From the 2018 full year investor presentation, the mobile giant recorded revenue of N1.03 trillion, the first by a Nigerian company in the broad consumer sector.  That revenue is a 17.1 percent year-on-year increase, from N887 billion in 2017, accounting for 28.2 percent of revenue made by MTN worldwide.

This revenue growth is owing to Data and Voice growth in the country. Data revenue went up 40.1 % from 2017 with data traffic increasing by 56.3%. Voice revenue also rose by 18.7%.

The telco also continues to show its dominance in the Nigerian telco space as it added another 5.9 million subscribers to round off 2018 with 58.1 million subscribers, indicating 11.3% increase from 52.2 million in 2017. This indicates that the telco controls 50.4% of the Nigerian telco market.

MTN Nigeria hence accounts for about 25% of the group’s 232 million subscribers. The highest of all its markets.

MTN Nigeria also recorded a total of 43.9 million data subscribers, an increase of about 4.5 million from the same time in 2017. The company also had an estimated 21.6 million smartphone users on its network.

MTN Unveils WhatsApp Competitor That Works Even Without Data

Awareness and Observation Win Markets

0

Awareness and observation are antennas into the minds of customers, sharper than any MBA. Some entrepreneurs have used both to make out of chewing stick an organic toothbrush.

To be a successful businessperson, you do not need to be as mathematical as Chike Obi or grammatical as Wole Soyinka. All you need is awareness and observation on market frictions, finding solutions to them, and rapping up in a matching story. If you can get those three in sync, you will experience glory.

Walmart Brands Chewing Stick As “Organic Toothbrush” Selling A Box $15

MTN Unveils WhatsApp Competitor That Works Even Without Data

1

MTN gets into the game and could be in for something bigger than powering calls and data: instant messaging. Yes, the African mobile giant plans to introduce instant messaging [IM], capturing the best of WhatsApp and WeChat in all the countries where it does business, beginning on trials in West Africa.  This is a very fascinating vision for the company. It has recognized that the future of selling data and voice is not necessarily bright with satellite competitors and ICT utilities like Google and Facebook surrounding Africa. (I do think this IM may work only for MTN customers since the company is only launching in countries it currently operates.)

MTN Group has announced it will launch an instant messaging (IM) service akin to China’s WeChat and Facebook’s WhatsApp as it seeks to expand revenue from digital services and mobile money.

With the IM platform, which will form part of the group’s mobile money initiatives, MTN wants to build what group CEO Rob Shuter calls the “WeChat of Africa”. WeChat, developed by Naspers affiliate Tencent, is by far the largest IM app in China and offers a wide range of in-app services from chat to payments.

This is the key deal why MTN has a real chance in this instant messaging business: it has the infrastructure and can make people do instant messaging even when they have no data by fusing SMS and IM. WhatsApp cannot do that today – you must have data  before you can do WhatsApp or WeChat but MTNChat [a name I just gave it] will work even when you do not have data [MTN will surely bill the SMS implying that it re-allocates funds from voice to enable data-solution to work]. MTN sees this investment as part of its future: “We are extending our Bright strategy to build MTN into a digital operator with a major focus on the fintech, digital, enterprise and wholesale business areas,” MTN Group CEO Rob Shuter said in a statement.

MTN’s Duality Element

This vision is huge and MTN needs to run it with the construct of duality element. Yes, it can give out data to help people use MTNChat to ensure MTNChat grows. As that happens, it will take market share from WhatsApp. Amazon loses money on ecommerce, crippling physical retailers which in turn go online only to sign-up for Amazon Web Services which remains very profitable. Alibaba makes listing on Alibaba.com easy but makes money via Alipay which is the default payment on Alibaba. So, let MTNChat have that interface with the voice and data business in MTN while using MTNChat to create new sources of growth revenue. This is a great double play opportunity.

For Samsung, provided Apple continues to place orders for chips, it would be fine irrespective of what happens in its mobile phone business where Samsung has been lagging: “Samsung posted lower-than-expected sales of its flagship Galaxy 9 smartphones”. But having the Galaxy series ensures that Samsung does not have to secure external orders before innovating in the chip business.

Yes, provided the chip business has an internal customer (the mobile device unit, the oasis in my strategy), Samsung will continue to commit resources as the oasis has removed most of the risks in investing billions of dollars to build new factories in the chip business. Yes, the mobile device unit (the oasis) makes the chip business better by being a “reliable customer”, irrespective of whatever happens externally. That is the heart of the one oasis and the center of Double Play Strategy in business.

All Together

The future of telcos in Africa cannot be selling voice and data credits. What MTN plans to do here is what is needed to keep this industry competitive as ICT utilities through the OTT solutions distort revenue models. As noted in the earnings call, MTN is seeing huge numbers even as it targets “double-digit growth in service revenue”.

It increased its subscriber base by 16 million to 233 million customers across 21 markets in Africa and the Middle East. The number of active data users increased by 10 million to 79 million and the active mobile money subscriber base rose to 27 million.

My only recommendation to MTN is one thing: add stablecoin features on MTNChat so that you can use it for remittance and many other things in respective local economies. Yes, with stablecoins, the cryptocurrency becomes pegged to the local currency removing the uncertainty we see in Bitcoin and Ethereum. Possibly, with this solution, we can hit that product no fintech or bank has ever built in Africa: a location-, currency-agnostic intra-African payment and remittance system.

The Digital Product No Fintech Or Bank Is Building in Africa [Video]