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  • [ June 28, 2022 ] Epson scanners shine at DataMaster Lab Awards, winning seven category prizes CSR
  • [ June 27, 2022 ] Proparco invests undisclosed sum in Moringa to fund training startup’s expansion in Africa Analysis & Features
  • [ June 27, 2022 ] Subscribers to pay for Kodris Africa’s coding content for students at National Bank branches CSR
  • [ June 27, 2022 ] Eloho Omame named Partner at TLcom Capital as VC firm moves to deploy $150 million pan-African tech fund  Analysis & Features
  • [ June 27, 2022 ] Two new smartphone models set to join the realme range in Kenya CSR
  • [ June 27, 2022 ] PocketApp gets government approval to launch mobile money services in Nigeria   Analysis & Features
  • [ June 27, 2022 ] StarTimes to broadcast AFCON 2023 Qualifiers and Women’s Finals CSR
  • [ June 24, 2022 ] MultiChoice wins as High Court orders ISPs to block sports pirating websites CSR
  • [ June 23, 2022 ] Top four reasons to buy the new HUAWEI nova Y70 Analysis & Features
  • [ June 23, 2022 ] ToddyCat, an advanced threat actor, targets high-profile entities with new malware Analysis & Features
HomeRevenues

Revenues

Analysis & Features

Safaricom recruits over 300 local staff ahead of Ethiopia launch this year

May 14, 2022 admin 0

Safaricom is set to launch commercial operations in Ethiopia within the year as part of the company’s regional expansion efforts to provide modern telecommunications services to over 112 million Ethiopians. In readiness for the commercial [c]

Analysis & Features

Sub-Saharan Africa’s music revenues grew by 9.6% in 2021, driven by streaming services

March 25, 2022 admin 0

The recorded music market in Sub-Saharan Africa (SSA) grew by 9.6% in 2021 according to IFPI, the organisation that represents the recorded music industry worldwide. Latest figures released by IFPI’s Global Music Report break out [c]

Analysis & Features

Moove raises $105 million to expand revenue-based vehicle financing model beyond Africa

March 14, 2022 admin 0

Moove, the mobility fintech which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt. The round is led by existing investors, [c]

Analysis & Features

Smartphones had over 40% of global shipments in 2021 as revenues jumped to $450 billion

February 25, 2022 admin 0

The global smartphone market revenue crossed $448 billion in 2021, according to the latest research from Counterpoint’s Market Monitor Service. The revenues grew by 7% YoY and 20% QoQ even as component shortages and COVID-19 restrictions continued [c]

CSR

Kwik Delivery reaches 100,000 users as merchant values grow by over 400% in 2021

January 12, 2022 admin 0

Kwik Delivery, the brand name of Nigeria-based Africa Delivery Technologies, has announced that its Gross Merchandise Value (GMV) and revenue for 2021 grew by over 400% year-on-year. The platform also reached 100,000 B2B users. Kwik [c]

Analysis & Features

Kenya’s mobile gaming industry set to more than double advertising revenue

November 29, 2021 admin 0

The mobile gaming industry in Kenya is expected to more than double their income and grow exponentially as a higher number of advertisers shift to spending on advertising in games. Speaking during a masterclass for [c]

Analysis & Features

LG posts $16.23 billion in quarterly revenue, highest in company’s history

November 8, 2021 admin 0

LG Electronics has announced third-quarter 2021 consolidated revenues of $16.23 billion (Ksh 1.752 trillion), an increase of 22 percent from the same quarter last year, and the highest quarterly revenue in the history of the [c]

Analysis & Features

Airtel Africa reports positive growth across all its subsidiaries

October 28, 2021 admin 0

Airtel Africa a revenue growth of $2.272 billion (or 25.2%) for the first half of 2022 as well as double digit growth across all its subsidiaries in the continent. During the second quarter of the [c]

CSR

Over 20,000 artists and content creators set to earn more from Skiza platform

August 2, 2021 admin 0

Safaricom has announced an increase in Skiza revenue share for artists and content creators by 33%. Following the move, more than 20,000 artists and content-creators are set to benefit from increased earnings of 40% from [c]

Analysis & Features

Kenya’s entertainment and media revenues to overtake Nigeria’s by 2025 – PwC

July 23, 2021 admin 0

Entertainment, media, and advertising companies in Kenya are set to reap from rising spending even as traditional components of the sector such as television decline, a new report by PwC shows. In the report titled [c]

Analysis & Features

Huawei records $136.7 billion in sales revenue, $9.9 billion in net profits in 2020

April 1, 2021 admin 0

Huawei has released its 2020 Annual Report which shows that even though growth slowed, the company’s overall business performance was largely in line with forecast. Huawei’s sales revenue in 2020 rounded off at approximately $136.7 [c]

CSR

Safaricom records net profit drop of 6% in half year results

November 9, 2020 admin 0

Safaricom has announced plans to provide 100% 4G network coverage across the country by end of this year as part of its growth strategy focused on being the technology partner of choice. Safaricom, celebrating its [c]

Analysis & Features

Airtel recorded positive growth in all its Africa subsidiaries in second quarter of 2020

October 26, 2020 admin 0

Airtel Africa has released its half year financial results for the period ending September 30, 2020 which indicate that its customer base grew by 12.0% during this period, rising to 116.4 million. Overall revenue on [c]

Analysis & Features

Apple, Garmin and Huawei led global smartwatch market in first half of 2020 as revenue rose by 20%

August 21, 2020 admin 0

The global smartwatch market revenues increased by 20% in the first half of 2020, with the leading brands being Apple, Garmin and Huawei. The top three brands contributed more than 69% of the total market [c]

News

Huawei recorded $64.2 billion in revenue in first half of 2020, an increase of 13.1%

July 14, 2020 admin 0

Huawei announced its business results for the first half of 2020. The company generated CNY454 billion ($64.2 billion) in revenue during this period, a 13.1% increase year-on-year, with a net profit margin of 9.2%. Huawei’s [c]

News

Carbon recorded $17.5 million in revenue in 2019

July 1, 2020 admin 0

Nigeria’s digital financial services company, Carbon, has released it’s 2019 financial statements audited by KPMG, detailing its product growth and $17.5 million in revenue. Carbon began operations in 2012 and within the space of six [c]

Analysis & Features

MultiChoice added 0.9 million new users in 2019, pushing total subscriber base to 19.5 million

June 12, 2020 admin 0

MultiChoice Group recorded solid financial results for the year ended March 31, 2020 (FY20). Highlights include 38% growth in core headline earnings to R2.5 billion ($145 million), with consolidated free cash flow increasing by 59% [c]

News

LG records revenue decline in three business units in 2020 first quarter results

June 8, 2020 admin 0

LG Electronics has announced first-quarter 2020 consolidated revenue of KRW 14.73 trillion ($12.45 billion) and operating profit of KRW 1.09 trillion ($921.47 million). Although revenue declined modestly compared with the same period last year, operating [c]

Analysis & Features

Airtel Africa records growth in all business segments as subscribers hit over 110 million

May 18, 2020 admin 0

Bharti Airtel saw its overall revenues in Africa increase by 11.2% to $3,422 million, with fourth quarter revenue growth up by 15.1% according to its financial results for the year ended March 31, 2020. Revenue [c]

News

Huawei holds largest market share among global DCI vendors – report

April 6, 2020 admin 0

Omdia, a market research firm, has released analysis of its 2019 Data Center Interconnect (DCI) vendor market shares. Based on the latest Omdia data, Huawei calculates its market share of all-optical DCI equipment (Huawei DC [c]

Analysis & Features

Huawei shipped 240 million smartphones in 2019, with sales revenues of $65.4 billion

March 31, 2020 admin 0

Huawei released its 2019 Annual Report, detailing a solid business performance. The Chinese firm’s global sales revenue in 2019 rounded off at CNY858.8 billion ($120.2 billion), up 19.1 per cent year-on-year; while net profit reached [c]

News

Airtel attains 100 million subscriber mark in Africa, with bulk of revenue from Nigeria and East Africa

February 20, 2020 admin 0

Airtel recently announced its financial results for the 9-month period ending on December 31, 2019, reporting that its overall customer base in Africa grew by 9.4% to reach 107.1 million. The India-based telco group stated [c]

News

LG reports drop in sales due to slow uptake of mass-market smartphones overseas

February 3, 2020 admin 0

LG Electronics has announced its sales figures for the year indicating revenues of $53.0 billion in 2019, reflecting strong demand for premium home appliances such as LG SIGNATURE and high-growth, category-creating products. The firm’s full-year [c]

Analysis & Features

Airtel now has 104 million subscribers in Africa, with 58% of sites now 4G

November 5, 2019 admin 0

Airtel Africa has reported a revenue increase of 8.4 per cent, with the figure standing at $1.64 billion in the first half of the year and growing by 9.8 per cent in the second quarter [c]

Analysis & Features

Global online music streaming revenues crossed $11 billion mark in first half of 2019

October 11, 2019 admin 0

Global online music streaming revenues grew 18% year-on-year (YoY) to cross the US$11 billion mark in the first half of 2019, according to the latest findings from Counterpoint Research. Monthly Active Users (MAUs) grew by [c]

Analysis & Features

Online education business estimated to become $300 billion industry by 2025

September 4, 2019 admin 0

Brilliance is what the online education business model has brought our way. If you’re tempted to think e-learning is a sham, think again. Especially with the ever-climbing revenue accrued on a monthly (and yearly) basis. [c]

CSR

Safaricom shareholders to get Kshs 1.87 per share in dividend payment

August 30, 2019 admin 0

Safaricom shareholders have approved a special dividend of Kshs 0.62 per share and a final ordinary dividend of Kshs 1.25 per share that totals to a total divided to be paid out to Kshs 1.87 [c]

Analysis & Features

Despite 4.1% rise in overall sales, LG saw 21.3% drop in mobile device sales in second quarter of 2019

August 1, 2019 admin 0

LG Electronics has announced second quarter and first half revenues with consolidated sales of KRW 15.63 trillion (US $13.40 billion) and operating profit of KRW 652.3 billion (US $559.4 million) for the period covering April-June [c]

Analysis & Features

Samsung’s smartphone shipments rose in second quarter of 2019, but sales of flagship models fell

July 31, 2019 admin 0

Samsung Electronics reported financial results for the second quarter ended June 30, 2019. The South Korea-based company posted KRW 56.13 trillion in consolidated quarterly revenue and KRW 6.6 trillion (US $5.61 billion) in quarterly operating [c]

News

Huawei shipped 118 million smartphones in first half of 2019, indicating 24% rise

July 30, 2019 admin 0

Huawei has this week announced its business results for the first half of 2019, reporting CNY401.3 billion (US $58.37 billion) in revenue, a 23.2% increase over the same period last year. The company’s net profit [c]

Analysis & Features

SIM Boxing: A threat that telcos and government agencies should jointly fight

March 26, 2019 admin 0

By Derrick Sebbaale In 2016, it was estimated that telecom companies in Uganda on annual basis were losing about US $60 million due to illegal redirection of international calls traffic. The amount in part led [c]

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Top four reasons to buy the new HUAWEI nova Y70
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Events Noticeboard:

StarTimes to broadcast AFCON 2023 Qualifiers and Women’s Finals

Fourth BRI short video contest seeking entries till September 2022

African fans to witness 135th edition of Wimbledon with Showmax Pro, courtesy of SuperSport

Kenya to host Cyber Security Congress as cybercrime investments rise to Kshs 47.5 billion in 2022

Tarrus Riley to headline WRC Koroga Festival in Naivasha this week

Digital marketing scholarships, e-commerce summit to crown Google’s International SMB Month

Reviews:

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You can now buy the OPPO Find X5 in Kenya via pre-order

Three reasons why you should choose a router that supports WiFi 6 Plus

2022 Samsung TV lineup earns carbon reduction certification from the Carbon Trust  

OPPO unveils Reno7 Z 5G in South Africa at a retail price of $725

OPPO Reno 7 series devices now available in Kenya from Kshs 43,000

OPPO Reno 7 to make global debut on April 25

HUAWEI WATCH GT 3: Offers scientific facts on your sleep, helping you to sleep better

Huawei Super Device enables easier creativity between PCs and tablets via new Control Panel

OPPO releases updated version of ColorOS to coincide with launch of Android 12  

Samsung Freestyle: The portable screen projector for indoor and outdoor viewing

V23, the 5G model from vivo, now available in Kenya

CSR:

Epson scanners shine at DataMaster Lab Awards, winning seven category prizes

Proparco invests undisclosed sum in Moringa to fund training startup’s expansion in Africa

Subscribers to pay for Kodris Africa’s coding content for students at National Bank branches

Eloho Omame named Partner at TLcom Capital as VC firm moves to deploy $150 million pan-African tech fund 

Two new smartphone models set to join the realme range in Kenya

PocketApp gets government approval to launch mobile money services in Nigeria  

StarTimes to broadcast AFCON 2023 Qualifiers and Women’s Finals

MultiChoice wins as High Court orders ISPs to block sports pirating websites

Top four reasons to buy the new HUAWEI nova Y70

ToddyCat, an advanced threat actor, targets high-profile entities with new malware

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News:

Epson scanners shine at DataMaster Lab Awards, winning seven category prizes

Proparco invests undisclosed sum in Moringa to fund training startup’s expansion in Africa

Subscribers to pay for Kodris Africa’s coding content for students at National Bank branches

Eloho Omame named Partner at TLcom Capital as VC firm moves to deploy $150 million pan-African tech fund 

Two new smartphone models set to join the realme range in Kenya

PocketApp gets government approval to launch mobile money services in Nigeria  

StarTimes to broadcast AFCON 2023 Qualifiers and Women’s Finals

MultiChoice wins as High Court orders ISPs to block sports pirating websites

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Cybersecurity Bulletin:

ToddyCat, an advanced threat actor, targets high-profile entities with new malware

Cybercriminals charge $2,000 to sell access to companies via the Dark Web

Hundreds arrested, millions seized in global INTERPOL operation against social engineering scams

SMEs in Kenya still in danger of cyber threats, facing a 47% rise in attacks in 2022

ESET announces 2022 Partner Awards winners from Southern Africa

Report details targeted attacks connected to Russia’s invasion of Ukraine and how war changed threat landscape

Three Nigerians nabbed in operation against malware cyber fraud in Southeast Asia

Lazarus attacks aerospace and defense contractors worldwide via misuse of LinkedIn and WhatsApp

ESET unveils new suite of cybersecurity solutions for telcos and ISPs

Attacker dwell time rose by 36% due to exploitation of ProxyLogon and ProxyShell Vulnerabilities

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Tech&PR:

Kenya’s PR practitioners elect new officials to lobby for legislative recognition

Patricia Ithau, the WPP-Scangroup CEO, outlines three strategic priorities at firm’s AGM

From head of South Africa, Karena Crerar now elevated to CEO of Edelman Africa operations

Liesl Williams, former partner at Engage BCW, named head of Razor PR in South Africa

BHM, a global PR and communications agency, expands into Kenya and Ghana

Newly launched PR book looks back at decades of spinning in South Africa

Launch Africa acquires stake in Africa’s first on-demand expertise platform

Impact of Cryptocurrencies on the Banking System

Flutterwave unveils redesigned logo at virtual event

Bemnet Yemesgen, an Ethiopian, named head of Creative Strategy and Brand Identity at Twitter

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BLOG:

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Featured:

Top four reasons to buy the new HUAWEI nova Y70

June 23, 2022 0

Why Opt-in biometrics is not surveillance 

June 23, 2022 0

Tips for Negotiating Lease Agreement: Lease Agreement Queries

June 22, 2022 0

Apply for visa early to beat surge in demand for outbound travel – VFS Global

June 22, 2022 0

Kenyan start-ups to benefit from digital transformation following Google investment

June 21, 2022 0

Analysis:

Epson scanners shine at DataMaster Lab Awards, winning seven category prizes

Proparco invests undisclosed sum in Moringa to fund training startup’s expansion in Africa

Subscribers to pay for Kodris Africa’s coding content for students at National Bank branches

Eloho Omame named Partner at TLcom Capital as VC firm moves to deploy $150 million pan-African tech fund 

Two new smartphone models set to join the realme range in Kenya

PocketApp gets government approval to launch mobile money services in Nigeria  

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Videos:
2022 Think Business Banking Awards
https://www.youtube.com/watch?v=lADmXXyOVfM
Unboxing – The new #HUAWEInova9SE
https://www.youtube.com/watch?v=BaOpBFHYTGM
IEBC – Verify your voter’s details:
https://youtu.be/99Wl5LWC1JE
William Kamore during launch of LG XBOOM speakers
https://www.youtube.com/watch?v=UVu4_LnNXiE
Celestine Muli – Launch of MultiChoice’s 2022 Step-Up promo
https://youtu.be/vIEyc1ova64
LG East Africa during LG Ambassador winners event
https://www.youtube.com/watch?v=wj79eK7gqvs
Launch of GOtv Supa package
https://www.youtube.com/watch?v=c-kx_ZQXz_Q
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  • Equity, American Express revamp membership rewards redemption scheme for card holders 
    Equity American Express Card members earn Membership Rewards points when they spend on their Cards. Now, they can redeem their points through a newly revamped website with more redemption options. The Membership Rewards website, recently [c] Source
  • New solution to enable Zimbabwean farmers prove origin, health records of their cattle
    E-Livestock Global has launched a solution powered by Mastercard’s blockchain-based Provenance solution, which  enables Zimbabwean farmers to prove the origin and health records of their cattle, while reducing risks to buyers. A first in the [c] Source
  • Thee local startups benefit from IRA, Prudential innovation hub 
    Three local startups have each received Ksh 1.25 million in cash awards from an innovation hub steered by the Insurance Regulatory Authority (IRA) in collaboration with Prudential Life Assurance Kenya and other partners, to promote [c] Source
  • Pesapal granted authorisation as a Payment Service Provider by the Central Bank
    The Central Bank of Kenya has granted authorization to Pesapal Limited as a Payment Service Provider (PSP) to carry our Payment Gateway Services in compliance with the National Payment System (NPS) Act, 2011, NPS Regulations [c] Source
  • Huawei announces AppsUP contest for developers in Africa and Middle East
    Not all superheroes wear capes. Some sit behind a desk conjuring up ways in which they can use technology to make the World a better place. Whether it’s to improve health and education systems or [c] Source
  • Nokia G20 now available in Kenya from Kshs 19,000
    HMD Global has launched its latest mid-range smartphone in the Kenyan market – the Nokia G20. Two new series have been introduced to Nokia smartphones mid-range portfolio, the G-series and X-series. The new G-series boasts [c] Source
  • New cybersecurity attacks target diplomatic missions in Africa and Middle East 
    ESET, an IT security software vendor and service provider, has uncovered a new malware variant called Turian that is being spread by the Advanced Persistent Threat Group BackdoorDiplomacy that primarily targets Ministries of Foreign Affairs [c] Source
  • LG to open 5 new service outlets as part of new consumer strategy
    LG Electronics East Africa is set to launch 5 new service centers in Kenya as part of a regional strategy to enhance reach and support to customers using its products. The new service outlets will [c] Source
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