Finance
Decrypting Crypto’s Potential in Africa
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Visa Invests in South Africa’s Financial Education
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Zapper & Stitch Make Big Waves for E-Payments in South Africa
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South African Cryptocurrency Ownership Revealed in New Report
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Binance Launches “First-of-its-Kind” Crypto Education Hub in Francophone Africa
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$50,000 Up for Grabs in Ecobank’s 2022 African Fintech Challenge
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Deezer Lost Subscribers, Added Revenue in First Half of 2022
With a newfound focus on a small number of lucrative, established markets, music streaming company Deezer reported revenue of 219 million euros ($218 million) in the first half of 2022, up 12.1% as reported (+9.9% at constant currency) versus the prior-year period. The Paris-based company received 132.4 million euros ($131.9 million), or 60.3% of its revenue, in its home country of France, up 11.1% year-over-year. Revenue from the rest of the world improved to 87 million euros ($86.7 million), up 13.6% from the prior-year period, and accounted for 39.7% of revenue, up from 39.1% a year ago. In Brazil, Deezer’s second-largest market, revenues improved 25% at constant currency. Other revenue — advertising and ancillary revenue — grew 58.3% (50.3% at constant currency) to 6.8 million euros ($...
Ukheshe & Paycorp Bring New Cardless Withdrawal Features to these ATMs
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Crypto Dealer Binance Adds Support for the ZAR
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FTX revenue reportedly grew 1000% in one year, leaked documents reveal
FTX was among the many crypto exchanges with a front-row seat to witness the crypto hype of 2021, back when Bitcoin (BTC) and other cryptocurrencies hit their all-time highs. Driven by massive customer onboarding, partnerships, sponsorships and other factors, FTX’s revenue reportedly grew 1000% in 2021 — revealed internal documents. Audited financials of FY 2020-2021 show FTX witnessing a 1000% increase in revenue — growing from $90 million in 2020 to $1.2 billion in 2021, claimed CNBC alleging access to the documents. The revenue breakdown discloses a 1842.85% increase in operating income for FTX, from $14 million to $272 million in one year. The crypto exchange amassed $388 million in net income, a 2182.35% increase from last year’s $17 million. FTX has reportedly made $270 million in th...
The Ledger: Concert Companies Are Maintaining a Rosy Outlook for the Rest of 2022
The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online. Strong demand for live music is not a surprise given fans’ time away from concerts in 2020 and 2021. But it’s not straightforward, either. Fans are dealing with inflation and high gas and airfare costs. Companies face staffing shortages and higher costs. Artists are flooding markets’ venues seeking to recapture lost business. Still, judging from some companies’ statements around their latest quarterly results, indications point to an exceptional second half of the year. Live Nation’s second quarter earnings showed a company is primed for a record year. Live Nation sold more than 100 million tickets to its concerts this ...
Cape Town’s Stock Exchange Closes $5-Million Funding Round
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