Hello Guys,
Welcome to another beautiful week in the month of July. Hope you are enjoying the weather.
It’s time for yet another edition of your Big 5 daily. Hope you find it interesting.
Last week we wrote an article regarding YouTubes’s sudden change of plans to live-stream sports. This was debunked the next day after announcing plans to live-stream sporting events. A new statement has been released to clarify that they are not in any agreement with SuperSport to air sports events.
The Ethiopian government has announced plans to sell minority stakes in Ethio Telkom and award telecom licenses to two new operators by Q1, 2020. The Prime Minister announced that this will support the agenda to liberalize the economy and drive foreign direct investments. Recognizable telecoms like MTN Group, Vodacom, Etisalat and Orange have indicated interest to bid for the stakes in Ethio Telkom.
Naspers’ global fintech company, PayU has expanded to Singapore after acquiring a majority stake in Singapore-based Red Dot Payment. PayU paid the sum of $65 million to become a major stakeholder in Red Dot and top payment solution provider in the global market. That’s a bold step they got there.
The World Bank and the Ministry of Agriculture in Kenya have launched a new agritech incubator program. The program, dubbed One-Million Farmer Initiative will provide a digital platform for market access, information and financial services to 1 million smallholder farmers in Kenya. This will last for the next three years.
The Central Bank of Nigeria has approved mobile money operations for all banks operating in the country. A circular has been distributed to this effect. All Deposit Money Banks (DMBs) would be able to offer mobile money wallet services without prior approval from the regulatory body.
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