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Oct 21, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
🍔Quick Bite: Local telecom companies in Africa have struggled to sustain their streaming platforms, often losing out to global giants like Netflix and Amazon Prime Video. Showmax, however, has emerged as a success story, capitalising on local content and strategic partnerships, but like Netflix, it now faces challenges in balancing pricing with profitability in a competitive market. 🧠 The BreakdownThe African streaming market has proved tough for local telecom companies to crack.
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Oct 18, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
In this letter, we explore:Ampersand opens larger EV production facility in KenyaSpaceX’s Starlink aims for Gigabit speedsEthiopia’s central bank introduces new FX policyWe also curated updates on startup funding in Africa, weekend reads, and several opportunities. Ampersand is revving up its electric motorcycle production in a big way with the opening of a massive new factory in Kenya.
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Oct 17, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
If your career journey were a movie, what would the title be and why? If I had to sum up my career journey, I’d call it ‘chasing the bag’ because I’ve been very intentional about my growth. I studied pharmacology but was focused on chasing my dreams when I moved to Lagos in 2019. Coming from Warri, I experienced a massive cultural shift, especially switching from pharmacology to finance.
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Oct 14, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
🍔Quick Bite: Stablecoins offer a fast and cost-effective solution to Africa’s cross-border payment challenges, especially in remittances and trade. They promise efficiency but face hurdles like regulatory issues and limited tech access. 🧠 The BreakdownAs of 2020, there were 40.6 million African migrants, according to the African Europe Foundation.
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Oct 11, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
In this letter, we explore:South Africa’s tax authority targets crypto tax evasionGhana to get 5G network by November 1South Africa introduces new visa reforms to attract skilled workersWe also curated updates on startup funding in Africa, weekend reads, and several opportunities. South Africa’s tax man is turning to AI and machine learning to assist in tracking down individuals who are not declaring their crypto assets.
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Oct 9, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
In today’s midweek update, we look at:Kenyan lawmakers push for Safaricom, M-PESA splitNCC withdraws sanction threat against StarlinkSEC advocates for smart regulation in Nigeria’s fintech sectorKenyan lawmakers push for Safaricom, M-PESA splitKenyan lawmakers appear to be adopting a "divide and conquer" approach, as they push to separate Safaricom, the country’s largest telecommunications company, from its mobile money arm, M-PESA. Why?
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Oct 4, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
Kenya is positioning itself as a desirable destination for global talents with the introduction of a new digital nomad visa. This new visa category allows foreign individuals to live and work remotely in Kenya while maintaining their foreign citizenship. What do you need? To qualify for the digital nomad visa, applicants must meet certain criteria, including having a valid passport, proof of remote work, and a minimum annual income of $55,000.
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Oct 3, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
Courtesy of a viral tweet, let’s look into a topic that’s as slippery as a banana peel on a corporate floor: the age-old debate of competence versus likability in your career. You’ve probably heard whispers of tweets like this that say likability can sometimes be more important than sheer skill or competence. But is this a healthy mindset to adopt, or are we just setting ourselves up for a popularity contest in the workplace?
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Oct 2, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
In today’s midweek update, we look at:Uber expands into tourism in South Africa with Uber SafariStarlink doubles prices in NigeriaCarry1st and Audiomack partner to simplify digital paymentsUber is going wild, but not in a bad sense. The global ride-hailing giant is venturing beyond its core business to offer unique tourism experiences. This service allows tourists in Cape Town to embark on a full-day wildlife adventure to Aquila Private Game Reserve.
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Sep 30, 2024 | 
benjamindada.com | Jesutofunmi Adedoyin
ūüćĒQuick Bite: The virtual card business, once heralded as a game-changer for African fintechs, is now proving to be a challenging and often unsustainable endeavour. A growing number of fintechs across Africa are either scaling back or discontinuing their virtual card services altogether. Companies like Flutterwave, Rise, Carbon, and Union54 have had to reevaluate their strategies in the face of mounting operational costs, fluctuating exchange rates, and complex regulatory challenges.
