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Lack of Basic Amenities, Unclear Growth Policy Force Twitter to Ghana, Builds Headquarters in Ghana

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Jack Dorsey, Twitter co-founder on Monday announced Ghana has been chosen as African Headquarters over Nigeria despite the tech giant having the largest African users and revenue from Nigeria.

The announcement was made by both Dorsey and Nana Akufo-Addo, President of Ghana.

The choice of Ghana as HQ for Twitter’s Africa operations is excellent news. Government and Ghanaians welcome very much this announcement and the confidence reposed in our country,” said Ghanaian President Nana Akufo-Addo.

President Akufo-Addo, who held a virtual meeting with Jack last week, said  “As I indicated to Jack in our virtual meeting on 7th April 2021, this is the start of a beautiful partnership between Twitter and Ghana, which is critical for the development of Ghana’s hugely important tech sector. These are exciting times to be in and to do business in Ghana.”

It was shocking that in spite of Dorsey visiting Nigeria, investing and supporting several startups like Mark Zuckerberg has been doing since he first visited Africa’s largest economy, there were several issues like unclear policy path, basic amenities, unnecessary bottleneck because of bribery, etc that were more imperative to Twitter future in Africa than what Nigeria is presently offering despite its potential.

While it was obvious that Nigeria remains a target given its huge potentials, Twitter preferred to operate from outside with manageable proximity unlike if it was in South Africa like Facebook.

According to Twitter, in a statement released on Monday, the decision was based on Ghana’s openness towards the internet and handling of AfCFTA released matters.

As a champion for democracy, Ghana is a supporter of free speech, online freedom, and the Open Internet, of which Twitter is also an advocate. Furthermore, Ghana’s recent appointment to host The Secretariat of the African Continental Free Trade Area aligns with our overarching goal to establish a presence in the region that will support our efforts to improve and tailor our service across Africa,” the statement read.

As a Nigerian, this is not good given that we have a huge unemployment rate at 33.33 percent, a weak GDP growth rate at 0.11 percent, a rising inflation rate at over 17 percent, weak revenue generation and low foreign reserves. This would have been an opportunity to boost each of those metrics and also sell the nation as a true tech hub to other establishments.

In recent months, several of Nigeria’s startups have raised huge capital with the latest coming from Appzone that raised $10 million after Paystack was acquired for over $200 million. Kuda Bank, Bankly, etc have gone on to raised mouthwatering amounts to further deepen their presence across Africa but lack of infrastructure, stable policy and genuine internet openness continue to impede Nigeria’s true potential as leading Africa’s tech nation.

Twitter immediately commenced recruitment in Ghana on Monday in an effort to hit the ground running.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Facebook Opens Accelerator Programme for Nigeria, Others

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Social media giant, Facebook, has started receiving applications for its Accelerator Programme for this year.

It said it is, therefore, inviting community leaders from Nigeria, South Africa and Kenya to apply for the 2021 Facebook Community Accelerator Programme, a programme that offers participants training, mentorship and up to $50,000 in funds to invest in an initiative that extends their community’s positive impact.

Its Partner Management Lead, Middle East and Africa Community Partnerships, Kiran Yoliswa, said Facebook communities and their leaders are helping to resolve social challenges, sharing knowledge and information, while connecting with others that share their interests or passion for a cause.

We’ve seen so many incredible communities from across South Africa, Kenya and Nigeria using our platform to drive change and provide support and encouragement for thousands of people, we’re excited to offer their Facebook Community leaders this program to help amplify their impact even more,” Yoliswa said, that the aim of the programme is to help leaders of Facebook communities to harness the power of their community to turn ideas into action. The selected leaders will spend five months learning from experts, coaches and a customised curriculum so they can strengthen their community.

Lessons include community identity foundations, leading action-oriented programmes and sustainability. Participants will also receive early access to new Facebook products aimed at helping communities better manage and activate their members.

Participants will identify an important initiative that will create a positive impact on the broader world and develop a plan to mobilise their community around their goal. Initiatives will be shared with potential partners, mentors and a panel of judges for the chance to be awarded funding and receive public recognition.

Participants will then spend three months executing their initiatives. They will collaborate with advocates and leaders in the community space and work with the Facebook team to bring their ideas to life.

Yoliswa said the programme is open to communities that have a presence in Facebook Groups with leaders who are 18 years or older. Communities must have existed for over one year and must have a minimum size of 1,000 members. Applications open today, May 4 – 31, 2021.

The Community Accelerator is part of our Facebook Community Leadership Programme, a global initiative that invests in people building communities.

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Twitter Legalize Giveaway, Introduces Tip Jar, A Feature Allowing Users to Send and Recieve Money

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Twitter on Thursday introduced Tip Jar, a new feature that makes it easy for users to send money to their favorite creators on the micro-blogging service.

“This is a first step in our work to create new ways for people to receive and show support on Twitter — with money,” the company said in a blog post.

Users will be able to connect their Twitter accounts with Tip Jar to Bandcamp, Cash App, Patreon, PayPal, or Venmo. Twitter will take no cut of money sent through the feature.

According to the company’s statement in a blog post, You’ll know an account’s Tip Jar is enabled if you see a Tip Jar icon next to the Follow button on their profile page. Tap the icon, and you’ll see a list of payment services or platforms that the account has enabled. Select whichever payment service or platform you prefer and you’ll be taken off Twitter to the selected app where you can show your support in the amount you choose. The services* you can add today include Bandcamp, Cash App, Patreon, PayPal and Venmo. Twitter takes no cut. On Android, tips can also be sent within Spaces.

Those who use Twitter in English on iOS and Android will be able to start sending money through Tip Jar on Thursday. Certain users will be able to add Tip Jar to their profiles to begin collecting tips. This includes creators, journalists, experts and nonprofits, Twitter said.

The new feature comes as part of a broader effort by the company to build more features at a faster clip in a push to grow Twitter’s user base to 315 million daily active users by the end of 2023. Earlier this week, the company also announced the launch of Spaces, a feature that allows users to join virtual rooms where they can engage in real-time audio conversations with others.

Tip Jar comes after a rough week for Twitter, which has seen its stock fall more than 17 percent since April 29, when the company reported its first-quarter earnings. In the report, the company missed on analysts’ user growth expectations and the company provided lower revenue guidance for the second quarter than expected.

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Nigerians Among Internet Users Most Likely to Quit Social Media

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Social media for many of us has become an essential part of our daily lives. Whilst social media has many positive attributes, it can be a very toxic environment at times. This was recently exemplified by retired French footballer Thierry Henry quitting social media due to cyberbullying and racism.

Interested in e-communication, Reboot Online utilised online analytics tool Ahrefs to establish which countries citizens are most likely to quit social media based on key online searches indicating their clear intention to quit social media.

Reboot Online classified and grouped consistently recurring Google searches by individuals on quitting social media such as ‘how to delete social media?’, ‘how to delete Facebook?’, ‘how to delete Instagram?’, ‘how to delete Tumblr?’, ‘how to delete TikTok’?, ‘how to delete Twitter?’ and ‘how to delete Snapchat?’ as online searches which most signify users’ desire to quit social media.

Reboot Online found that Americans are the most likely to quit social media with an average 1,134,400 online searches per month indicating their intention to leave social media for good. The equivalent of 36,594 online searches each day. When put into context of how many active internet users there are in America (312,320,000), this equates to 0.363% of American internet users wishing to quit social media.

In second position is India as there is an average 497,940 online searches a month by Indians signalling their desire to quit social media.

United Kingdom (308,850 online searches), Canada (109,120 online searches) and Australia (97,060 online searches) are among the other countries where there are more than 90,000 online searches per month from citizens indicating their ambition to quit social media for the foreseeable future, respectively ranking third, fourth and fifth.

Nigeria is in 24th place as there is an of average 6,760 online searches every month from Nigerians demonstrating their desire to exit social media permanently. When considering the amount of active internet users in Nigeria (136,203,231), 0.005% of Nigerian internet users are keen to quit social media each month.

At the other end in 20th spot is Spain with an average 3,330 online searches a month from Spanish citizens showcasing their aspiration to leave social media for good. When put into context of how many active internet users there are in Spain (42,400,756), 0.008% of Spanish internet users want to quit social media on a monthly basis.

Reboot Online’s Top Tips to Limit Social Media Usage

  • Turn Off “Push” Notifications

Soon as our phone makes a sound, we are straight away drawn to it. Push notifications attached to social media apps can be disabled and to reduce social media intake, it would be wise to do so. Less notification sounds and lights via social media apps is more than likely to have a position impact on your productivity and concentration levels.

  • Daily Social Media Detox

Set yourself a daily goal where you delegate at least an hour of the day when you are awake to not use social media at all. This can be during the morning, lunch or at night – whatever hour slot works best for you. It is an excellent way to detach yourself from social media and reduce your reliance on it. Maybe in that hour find yourself a hobby which does not involve staring at a screen.

  • Have a Productive Approach

With social media it can be easy to get drawn into pointless debates or become fixated by comedy memes/videos but why not make your time spent on social media productive. There are a ton of educational influencers from a range of areas such as finance and technology, so why not follow those in subject areas you have a genuine interest in and absorb their content to gain valuable knowledge.

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