Hello, Deligh here,
Here is what I have for you today:
- Basics of building a startup
- CNG troubles on Bolt Street
- Starlink goes live in Burundi
Startups? Yes, but get the basics right
Ever wondered how people can go from developing an interest in reading business books to running a large-scale business? I am more curious than you are since business has never been my strongest suit.
According to Sales & Marketing Executives International, those who read at least seven business books per year earn more money. In fact, reading is one of the major habits of successful people.
In Chimgozirim’s latest story, Tamara has gone from reading business books to running a business herself.
Her interest in business spiked after she realised most of the books she read never featured African companies. I guess she decided to run one for the books.
Fast Forward to her third company, and she’s learnt there’s a gap in the market for a reason. Well, guess who is making waves on four continents now?
She shares some common mistakes entrepreneurs make when starting..
With growing market trends and the AI evolution, it's easy to get dusted off the market. However, Chimgozirim’s story unearths how to improve your current service with the trends.
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Spoiler alert: “You’re in business to provide solutions to your markets”.
Want to learn more? Dive into Chimgozirim’s story for further insights.
Bolt drivers threaten to migrate to other e-hailing platforms over CNG conversion
Earlier this month, Bolt increased its fares by 15% in Nigeria citing ongoing fuel scarcity and the growing operational challenges drivers face. However, it seems that was not enough to pacify the drivers union.
What’s new? The Amalgamated Union of App-based Transporters of Nigeria (AUATON) has threatened to boycott the Bolt app over unsanctioned use of drivers’ information and CNG conversion.
The E-hailing union has expressed frustration over Bolt’s continuous operations and dealings with alleged mismanagement of community platforms, unconsented use of drivers’ information in negotiating CNG conversion with the government, and the app's unfair ride rates.
In a letter addressed to the e-hailing company and signed by the Lagos state chairman of the union, Comrade Jaiyesimi Azeez, Bolt allegedly deletes vital information shared on the company’s Whatsapp groups creating a “divide and rule” mindset.
This comes at a time when the hike in fuel prices and inflation has already put drivers on edge. Daddy Deji from Bolu’s story last week stated that the money they get from the few rides is spent on petrol.
The union forewarned of a mass withdrawal from the platform and a migration to alternative e-hailing platforms.
Starlink launches in Burundi
What’s happening? Starlink has officially launched its high-speed internet services in Burundi.
This announcement comes after the President granted the satellite-based internet provider, an official licence to operate in the country.
As of January 2024, only 1.5 million Burudians have access to the internet, amounting to just 11.3 per cent of the country’s 12.89 million population. This is attributed to the high cost of the internet and limited infrastructure in the country.
Burundi is now rated as the 15th African country with the SpaceX subsidiary and the service will be readily available to citizens before the end of the year.
Starlink has had a major breakthrough in Africa with its recent launch in Zimbabwe earlier this month.
Elon Musk had earlier hinted that the satellite internet provider is awaiting regulatory approval from the Independent Communications Authority of South Africa (ICASA). However, yesterday, the X platform was abuzz with speculations after photos of Elon Musk and President Cyril Ramaphosa of South Africa surfaced.
