🛒 Chinese E-commerce, Temu, now in Nigeria

Today’s Menu ☕️

🛒 Chinese E-commerce, Temu, Finally Arrives Nigeria After Days of Aggressive Marketing
📱Australia passes Social Media Ban for Children Under 16
🛜 Namibia Orders Starlink to Cease Operations Amid Licensing Issues
📱How TikTok Plans to Ensure Election Integrity in the Ghana December 2024 Elections
🥇Feegor Wins N50 Million at Wema Bank’s Hackaholics 5.0

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🛒 E-COMMERCE

Chinese E-commerce, Temu, Finally Arrives Nigeria After Days of Aggressive Marketing

Temu, the e-commerce giant known for dirt-cheap prices, has finally launched in Nigeria. The Chinese company, which spent days aggressively marketing itself through ads flooding social media feeds, has sparked curiosity and raised questions.

Launched in 2022, Temu boasts a direct-from-manufacturer model, cutting out middlemen and offering factory-direct pricing. This strategy has captivated budget-conscious consumers worldwide, and Nigeria is no exception. With a reported marketing spend of a staggering $500 million per quarter, Temu isn’t shy about grabbing attention.

Temu’s arrival poses a significant challenge to Jumia, the current leader in Nigerian e-commerce. Jumia has been grappling with stagnation and operational hurdles, making them vulnerable to Temu’s aggressive pricing and customer-centric policies, like 90-day money-back guarantees. This fierce competition could ultimately benefit Nigerian consumers with a wider selection and potentially lower prices....continue reading

📱SOCIAL MEDIA

Australia passes Social Media Ban for Children Under 16

Australia has taken a bold step in digital regulation, becoming one of the first countries to enforce an outright ban on social media access for children under the age of 16. Passed after heated debates and widespread public scrutiny, the Social Media Minimum Age Bill introduces some of the toughest measures against Big Tech, with potential fines of up to A$49.5 million ($32 million) for non-compliance. The regulation is set to take full effect in 2025, following a trial period for enforcement methods in 2024.

The law, championed by Prime Minister Anthony Albanese’s administration, comes amid mounting concerns about social media’s impact on mental health, particularly among teenagers. Backed by 77% of Australians in recent polls, the bill is seen as a political win for the government, though it has faced significant resistance from tech companies, privacy advocates, and some youth rights organizations...……continue reading

🧑🏽‍💻 HACKATHON

Feegor Wins N50 Million at Wema Bank’s Hackaholics 5.0

In a vibrant showcase of innovation and talent, Feegor, an innovative B2B e-commerce company, emerged as the grand prize winner at Wema Bank’s Hackaholics 5.0, taking home an impressive N50 million. The event, held recently in Lagos, spotlighted the ingenuity of Nigeria’s tech ecosystem and marked another milestone in the bank’s commitment to fostering transformative ideas.

Hackaholics has grown into a premier platform for unearthing Nigeria’s brightest tech talents. This year’s edition saw an overwhelming 3,500 applications from across the country, reflecting a rising wave of innovation among young Nigerians. After rigorous rounds of evaluation, 10 finalists were chosen to present groundbreaking solutions addressing challenges in sectors like education, healthcare, and agriculture......……continue reading

🛜 INTERNET

Namibia Orders Starlink to Cease Operations Amid Licensing Issues

The Communications Regulatory Authority of Namibia (CRAN) has issued a firm cease-and-desist order to Elon Musk’s satellite internet service provider, Starlink, citing unlicensed operations within the country. This development adds Namibia to the list of African nations where Starlink faces regulatory hurdles despite its growing presence across the continent.

According to CRAN, Starlink, a division of SpaceX, has been operating a telecommunications network in Namibia without obtaining the necessary licensing. Although Starlink has applied for a telecommunications service license, the regulator has yet to approve it, stating that the application is still under review. The cease-and-desist order was formally issued on November 26, 2024.....……continue reading

📱SOCIAL MEDIA

How TikTok Plans to Ensure Election Integrity in the Ghana December 2024 Elections

TikTok, one of the most popular social media platforms in Ghana, has announced significant measures to counter misinformation in the lead-up to the nation’s December 2024 general elections. The platform emphasised its commitment to fostering a safe digital environment by proactively addressing misinformation and safeguarding election integrity.

TikTok’s election strategy includes the deployment of an Election Centre, a digital hub designed to provide users with trusted and authoritative information about the electoral process. This initiative is part of a broader effort that TikTok has implemented globally, having supported over 150 elections worldwide in recent years. In Ghana, this move aligns with growing concerns about the impact of misinformation on democratic processes....……continue reading

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