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Gokada Resumes Operation After Structural Reform

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  • Gokada Resumes Operation After Structural Reform

Gokada, one of Nigeria’s motorbike hailing companies, has resumed operation following a structural reform announced by one of the founders of the company on August 14th.

Fahim Saleh, CEO, Gokada, had announced a temporary closedown of all operations following an unpleasant experience with one of the company’s riders. Fahim immediately called for structural reform of all operations to enhance customers experience and satisfaction.

The startup has now resumed operation and announced it would leverage on existing reach and gradually grow its customers without concerning itself with competitors’ approach.

Speaking on aggressive penetrating strategy of Oride, a fierce competitor that just raised $50 million, Ayodeji Adewunmi, the company Co-CEO, said Ayodeji Adewunmi, engaging in a price war is not a sustainable strategy, “I think like a brand and a company, we are not going to get into a price war. We don’t think this is a sustainable strategy. We would rather focus on the experience, and the reason we think this is important is that currently today, for every order we are fulfilling, we get about 15 additional orders we can’t fulfil. So it clearly shows that the market is there.

“We are also positioning the brand as a premium brand and we believe that once the experience is in place and as we keep growing, we will definitely be able to meet the current demand. Overall, we believe the market will grow.

“So for us, it’s not about offering discounts to be able to attract customers, because we already believe that we have a brand that attracts enough customers. Even with more brands (competitors) on the road, demand will continue growing,” Adewunmi said.

On entering new cities to further the company’s reach and revenue generation following Oride entery into Aba, Ibadan etc, the CEO said: “We will not go to other cities because competitors are in other cities. We believe that Lagos is a massive opportunity, Lagos is approximately 750,000 okada market and on the back of the 750,000 okada, we are talking about 4 to 5 million rides a day.”

“And on the back of that, we are talking about 3 to 4 and 5 billion dollar revenue opportunities. So we are not in a rush to be everywhere at the same time. Also, we are careful about how we deploy our capital because, at the end of the day, we believe that will be what differentiates us. Lagos State’s potential upside is really tremendous.”

He, however, said the new proposed regulation by Lagos State Government will help the industry as it will help attract the much-needed investors.

“I think regulation will create a lot of advantages for the business. It will create the enabling environment for even more investment to come to space. So it’s something that we 100% embrace,” he added.

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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Huawei Offers Contactless Digital Payment Solutions

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Huawei 5G

HUAWEI now offers safe and contactless digital payment options with the launch of Mondia Pay on HUAWEI Mobile Services (HMS) in the MEA Region

Huawei, in cooperation with digital payment entity, Mondia Pay, now offers Direct Carrier Billing service (DCB), for seamless, contactless payments for users in the MEA region through HUAWEI Mobile Services (HMS).

Mondia Pay is a leader in the digital payment space and provides a simple, fast and secure way for consumers to pay for services using their mobile phone. Huawei has been working closely with Mondia Pay, the MEA region’s top digital payments fintech company, as part of its commitment to supporting developers in the MEA region. This strategic partnership will allow for increased DCB coverage and IAP (In-App Purchase) kit capabilities for global developers.

As a result, Huawei and smartphone HONOR users in almost 20 countries including, Egypt, South Africa, Tunisia, Nigeria, Tanzania, Madagascar, Liberia, and Botswana, will be able to make cashless payments securely without the need for bank cards by downloading the app from Huawei’s Application Store, AppGallery. In addition, Mondia Pay will also market Huawei’s games content in Egypt.

The number of mobile internet subscribers in Sub-Saharan Africa has quadrupled since the start of 2010 (World Bank Data) and, for many consumers, it’s the only way they can get online. With low credit card penetration rates in most markets, contactless, online payment solutions can reach wider audiences looking to consume digital content.

“This new partnership with Huawei is an endorsement of Mondia Pay’s industry expertise and deep routed knowledge of Africa. Customers across the continent will benefit from our fully integrated digital payment technology to make frictionless payments in a fast, safe and secure manner. We also support the natural progression towards cashless societies, fast-tracked by current affairs such as COVID-19,” said Simon Rahmann, CEO Mondia Pay.

Mondia Pay is available on Huawei’s AppGallery as direct carrier billing and e-wallet services to facilitate online consumer payments. Huawei’s AppGallery allows users to explore the best local and global apps.

Adam Xiao, Managing Director, HMS and Consumer Cloud Service for Huawei Consumer Business Group MEA, said: “We welcome the opportunity to partner with Mondia Pay to provide our users across the MEA region with even more payment options. Mondia Pay allows for contactless payment without the need for bank cards in a safe and secure manner that protects the privacy of users. This partnership is part of Huawei’s ongoing commitment to make it easier for local and global developers to offer their services to millions more people in the MEA region.”

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China, Japan and US Controls 60% of Global Installations of Industrial Robots

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Global Installations of Industrial Robots are Controlled by China, Japan and US Controls

Data presented by Buy Shares indicates that China, Japan, and the United States cumulatively control about 58.71% of the global industrial robot installations. As of September 2020, there were 381,000 units of industrial robots globally.

Pandemic to Spur Industrial Robots Market

From the data, China accounts for the largest share at 140,500 units, followed by Japan at 49,900 units. The U.S is third with 33,300 installed units.  South Korea has the fourth-highest installation at 27,900 units while Germany closes the fifth spot with 20,500 million installations. The Czech Republic has the least industrial robot installation at 2,600.

Several factors are contributing to the growth if the industrial robot market installation. According to the research report:

“The industrial robot market is also expected to grow following the unprecedented situation as a result of the coronavirus pandemic. In the course of the crisis, many factories had to protect their employees by shutting down some production plants. The pandemic creates a potential market for the industry as it is part of preparing for any similar pandemic in the future.”

The research also overviewed the annual installation of industrial robots worldwide between 2009 and 2019. Between the ten years, the installation grew by 535%.  In 2009, the figure stood at 60,000 while last year the number was 381,000. By 2010, the number had doubled to 121,000.

Notably, in 2018, the installation stood at 422,000 before dropping by 9.7% to 381,000 in 2019. The drop was the first in seven years.

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Orange Launches Sanza Touch Smartphone, Moves to Deepen Mobile Internet Access in Africa With Google Support

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Orange Partner Google to Deepen Mobile Internet Access in Africa

Orange S.A., a French multinational telecommunications corporation, has said it is launching a new affordable smartphone called Sanza touch to improve internet access in Africa.

According to the telecommunication giant, cost has always been a barrier to smartphone adoption in Africa. It said the average cost of an entry-level smartphone is more than 60 percent of average monthly income, making smartphones largely inaccessible for the majority of African people.

Therefore, as part of the GSMA Thrive Africa 2020, Orange will be introducing Sanza touch, an exclusive Orange smartphone and the most affordable 4G Android (Go edition) device globally.

The device will retail at US$30 or around N11,500 in Nigeria.

The company said the affordable price “is intended to make it the most accessible on the market with the goal of driving digital inclusion and providing more people access to mobile internet.”

Sanza touch is a 4G smartphone with a 4″ screen, 8GB memory and a 1750mAh battery, offering over 4 hours battery life while streaming videos. Users can use the Orange app collection (My Orange, Orange Money and Livescreen to stay informed on the latest news trends) and access the most popular apps including YouTube Go, Google Go, Facebook and WhatsApp.

The CEO of Orange Middle East and Africa, Alioune Ndiaye, said: “Orange wants to strongly accelerate access to connectivity on the African continent. One of the barriers to Internet use is the price and ease of use of most smartphones.

“The partnership with Google to offer the Sanza touch smartphone for sale will enable us to solve this problem thanks to its affordable price and advanced functionalities. While 90% of the world’s population is now covered by mobile broadband, 3.3 billion people who live in areas covered by mobile broadband remain unconnected for reasons such as affordability, low levels of literacy and digital skills.”

Mariam Abdullahi, the Director, Platform Partnerships, Android and Play Africa for Google added that “Our mission at Google has always been to Organise the world’s information and make it universally accessible to everyone.”

“We deliver this mission through the building and providing our products and services via key partnerships like this one with Orange. We are excited about the endless possibilities this Sanza touch smartphone will present in learning, economic opportunities and digital accessibility.

“The Goal of our Android devices, including this first-of-its kind highly affordable Android (Go edition) device is to bring the power of computing equitably to all. We can only achieve this mission if everyone is able to access devices at affordable price points to use in their daily lives and have access to the benefits presented by the digital world.

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