Category: BUSINESS

DStv to add Netflix and Amazon Prime Video on its platforms in a strategic shift

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DStv

DStv will add Netflix and Amazon Prime Video to its platforms, in a strategic shift that has seen its parent firm, MultiChoice, sign partnership deals with the giant movie streaming services. Netflix poses a growing competitive threat to MultiChoice and its own streaming service, Showmax, and the partnership move marks a shift in MultiChoice’s strategy from trying to compete with such players to working with them instead. The parent company of DStv and GOtv has been facing competition from movie streaming service and internet providers such as Zuku and Safaricom…

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COVID-19 crisis could accelerate African businesses toward innovation and digitization

olivia Craig
Mali based insurtech startup OKO Finance helps rural farmers access crop insurance innovation

McKinsey recently released a report titled, “Reopening and reimagining Africa: How the COVID-19 crisis can catalyze change,” which recommends policies aimed to help Africa use the crisis as an opportunity to create a recovery that features a more inclusive economy, more competitive industries, and more resilient services The report recommends using the pandemic as an opportunity to accelerate digital transformation across the continent. Figure 1 highlights a number of industries poised for swift growth in digitization following the pandemic. Among these, some are already relatively digitized, such as information and…

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Uber Africa launches Uber Cash in partnership with Flutterwave

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Uber Africa launches Uber Cash in partnership with Flutterwave

Uber will launch its Uber Cash digital wallet feature in Sub-Saharan Africa in partnership with San Francisco based  Nigerian founded fintech firm Flutterwave. This will let riders to top up Uber wallets using the dozens of remittance partners active on Flutterwave’s Pan-African network. Flutterwave works as a B2B payments gateway network that allows clients to tap its APIs and customize payments applications. Uber Cash will go live this week and next for Uber’s ride-hail operations in South Africa, Kenya, Nigeria, Uganda and Ghana, Ivory Coast and Tanzania, according to Alon…

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Online retailers sales see their highest growth on record in April

Dianne Jacobs
Amazon CloudFront Edge

Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March before shelter-in-place restrictions went into effect. Online grocery helped drive the increase in sales, with a 110% boost in daily sales between March and April. Meanwhile, electronic sales were up 58% and book sales have doubled. The data comes from Adobe’s index of the digital economy, which analyzes more…

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Video Gaming market to be valued at $92 Billion in 2020

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Video Game

As one of the leading forms of entertainment today, the video gaming industry continues to generate remarkable profits from its huge player base. The global video games market is set to jump over $92 billion value in 2020, growing by 10.9% year-on-year this is according to data gathered by GCN. With $54.6 billion profit or nearly 60% of that amount, mobile games remain the most significant revenue stream of the global video games industry. Video Games Revenue Increased by $15.56 billion in Three Years In 2017, the global video games…

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COVID-19 is Transforming E-Commerce Globally

Dianne Jacobs
Buy on Google ,Commission feesgoogle waive

Just over 306 million Americans are affected by stay-at-home orders, nearly 95% of the U.S. population. COVID-19 will forever change retailing, and its initial impact on e-Commerce is creating challenges to online selling & service no one imagined in January. The following graphic from COVID-19 Commerce Insight, an Emarsys initiative in cooperation with GoodData show how year-over-year revenue growth comparing the last seven days to the same period last year: Mobile devices are the most popular device for online shopping by a wide margin. 72% of consumers are using mobile…

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KCB Group replaces KPMG Kenya with PwC as its external auditor

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PWC KPMG

KCB Group is reported to this Thursday replace KPMG Kenya with PricewaterhouseCoopers (PwC) as its external auditor, dealing a blow to the consultancy after it lost Absa Kenya job last year. The changes now hand PwC audit control of Kenya’s top two banks — KCB and Equity Group. Last year, Equity Bank dropped Ernst & Young for PwC in 2017. KCB audit job has been among the highest payers, with remuneration paid by the lender amounting to Sh55 million in the financial year ended December 2019. Absa Kenya last year…

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2020 survey lists the most admired African brands

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2020 survey lists the most admired African brands

The survey which started 10 years ago, is now seen as the most authoritative survey, analysis, and metric of African brands. It is a consumer-led survey that seeks to establish brand preferences across Africa. The respondents of this survey are 18 years and older, in 27 countries which collectively represent 50% of the continent, covering all economic regions and accounting for an estimated 80% of the population and the GDP of Africa. American sports and fitness giant, Nike takes the top spot for the third year in a row. MTN…

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New study reveals new consumer experiences during COVID-19

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COVID 19 Read consumer

The era of the coronavirus pandemic (COVID-19) has had consumers taking online classes, signing up for trials and subscriptions, and using telehealth. It’s a golden opportunity for service providers, according to a new survey. The April 2020 Amdocs study surveyed 1,000 people in the US, 18 and over, to examine consumer behavior and attitudes in day-to-day life, and how they have changed during the pandemic. The changes in those surveyed also reveal that there are new opportunities for service providers during this time–nearly a third of those surveyed (30%) are…

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PayPal rolls out a new QR code feature in its app to enhance contactless payments

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PayPal Becomes The First Foreign Payment Platform In China

Cash is out and touch-free payments are during the coronavirus pandemic, this Paypal has taken cue and announced a new feature in its mobile app that will let customers make payments at stores, farmers’ markets and just about anywhere else using QR codes. You can scan a code — either from a printout or on a screen — using your phone’s camera. Payment QR codes are already fairly common, with a bunch of companies providing similar features, including Visa, Mastercard and Walmart. The biggest difference is that many existing QR…

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