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MTN Launches ‘MTN Pulse BlowMyHustle’ to Empower Young Business Owners in Nigeria

Mobile telecommunications company MTN has launched the ‘BlowMyHustle’ campaign.

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MTN

In a bid to empower young Nigerians, Mobile telecommunications company MTN Nigeria has launched the ‘BlowMyHustle’ campaign.

This campaign seeks to provide support and help young Nigerians who own businesses scale. It is also geared towards building entrepreneurial skills and providing them with the right principles to excel in various industries.

Speaking on the launch of the campaign, Chief Marketing Officer, MTN Nigeria, Adia Sowho said, “The ‘hustle spirit’ amongst Nigeria’s young people is truly inspiring as they are innovative and entrepreneurial. MTN is here to support that ‘hustle’ so that their dreams can become reality.

“Young business owners have told us what they need, and with ‘MTN Pulse Blow My Hustle’, we will share business skills from experts in relevant fields and create access to financial grants. We look forward to the transformation that this initiative will propel.”

Through this campaign, MTN seeks to target 100 candidates, who when short-listed will be given the privilege to gain access to virtual training on Financial Literacy, Business Management, Investment Strategies, Digital Marketing, Business Legal Requirements, and Elevator Pitches amongst others; and tasks will be assigned after each class. 

Also, the top 20 contestants will be selected based on performance after the two-week training period as finalists who will present their business ideas to a panel of judges, and engage in a brief question and answer session.

How to Apply

  1. Visit the Pulse website at www.mtn.ng/pulse.
  2. Click on the “Blow My Hustle” banner.
  3. Next, click on “Submit your entry”.
  4. Fill in your personal information. Remember to use your MTN Phone Number.
  5. On the Next page select the category that best fits your hustle.
  6. Write about your hustle in 200 words. (Write-up must be captivating enough to get selected)
  7. Upload a 90-second video talking about your hustle.
  8. Click on the verification button to confirm your identity.
  9. Confirm your availability for the online training session.
  10. Click Accept and submit your application. (Ensure to thoroughly go through the terms and conditions before clicking on submit).

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Telecommunications

MTN Nigeria Grapples with Network Disruptions from Overseas Cable Damage

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MTN Nigeria - Investors King

MTN Nigeria is currently contending with network disruptions stemming from damage to an overseas undersea cable, causing widespread inconvenience for its customers.

The telecommunication giant confirmed the issue in a statement, acknowledging the connectivity disruptions experienced by its subscribers.

Reports indicate that the glitch has affected both voice and data services, resulting in communication disruptions for millions of subscribers across the country.

Subscribers have expressed frustration on social media platforms over the prolonged network outage, with complaints ranging from failed call attempts to concerns about the failure to receive bank alerts.

MTN Nigeria assured its customers that it is actively working to resolve the issue and restore services as quickly as possible.

The telecom operator emphasized the critical importance of consistent internet and communication services, pledging to swiftly address the disruptions.

Efforts are underway to reroute traffic through alternative network paths and expedite the repair process for the damaged cables in collaboration with consortium partners.

Despite the challenges, MTN Nigeria remains committed to minimizing service interruptions and maintaining connectivity for its customers.

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Telecommunications

Airtel Africa Mulls IPO for Mobile Money Unit, Eyeing $4 Billion Valuation

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Airtel Financial Results - Investors King

Airtel Africa Plc, led by billionaire Sunil Mittal, is contemplating an initial public offering (IPO) for its mobile money unit, Airtel Money, in a move that could potentially value the division at over $4 billion.

Sources familiar with the matter revealed that discussions have been held with potential advisers regarding the IPO, with considerations for a listing as early as this year.

While Airtel Africa has not made a final decision on the listing venue, executives are reportedly exploring options across bourses in the United Arab Emirates, London, and Europe.

However, it is cautioned that the firm might ultimately choose not to proceed with the offering, and details regarding the timing and valuation of the IPO remain preliminary.

Airtel Money stands as the telecom operator’s fastest-growing division, experiencing significant traction in Nigeria, its largest market.

The expansion of its mobile money services in Nigeria aligns with the government’s efforts to promote cashless transactions, driving the division’s growth trajectory.

The potential IPO comes on the heels of previous investments in Airtel Money, with TPG injecting $200 million at a valuation of $2.65 billion in 2021, alongside a $100 million investment from MasterCard Inc.

The wireless carrier had previously hinted at a possible listing for the business within four years.

Africa’s burgeoning fintech landscape, coupled with a young population increasingly adopting digital banking solutions, presents a fertile ground for Airtel Money’s expansion.

As of the first half of 2024, Airtel Money recorded a transaction value of $56 billion across its operations in 14 markets, reflecting its significant market presence and potential for further growth.

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Telecommunications

Interswitch Ventures into Telecoms Sector with $1.08 Million MVNO License Acquisition

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interswitch limited

Interswitch, the leading Nigerian payments giant, has made a strategic move into the telecommunications sector by acquiring a Tier 5 Mobile Virtual Network Operators (MVNO) license for ₦500 million ($1.08 million) from the Nigeria Communications Commission (NCC) in May 2023.

This bold step marks Interswitch’s foray beyond its traditional payments domain into providing telecommunications services, leveraging its extensive infrastructure and customer base.

The company’s financial report revealed plans to explore a capital-efficient virtual telecoms model using the acquired license, blending payments and telecoms services for both business-to-business (B2B) customers and consumers.

With the highest tier MVNO license in Nigeria, Interswitch is empowered to negotiate with established telcos in the country and offer asset-light telecom services, particularly in underserved regions.

Interswitch aims to utilize its telco partner’s infrastructure to introduce value-added services to consumer segments traditionally overlooked by mainstream telcos.

This strategic move aligns with Nigeria’s broader objective of increasing mobile connectivity, particularly in rural areas where access remains limited.

The Nigerian telecommunications sector experienced a slowdown in growth recently due to reduced foreign investment, prompting the NCC to issue 25 MVNO licenses in 2023 to foster competition.

Interswitch’s entry into the telco space could inject fresh competition and innovation, leveraging its vast customer base, including over 50 million Verve debit cardholders.

However, to effectively compete in Nigeria’s dynamic telco market, Interswitch will need to offer compelling telecommunications services and forge strategic partnerships with established telcos.

The company’s success in this endeavor will hinge on its ability to introduce innovative communication solutions and value-added services tailored to meet the diverse needs of Nigerian consumers.

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