📱MTN Delivers R47.1bn Revenue, $95.3bn in Fintech Volume Across Africa

Today’s Menu ☕️

📱Q1 2025: MTN Delivers R47.1bn Revenue, $95.3bn in Fintech Volume Across Africa
💰Nawy Raises $75 million to Redefine Real Estate Across MENA
🎮 Samsung Unveils World’s First 500Hz OLED Gaming Monitor: The Odyssey OLED G6
🛜 The Rise of In-Flight WiFi Signals the End of Airplane Mode
🤖Trump Fires Copyright Chief Over Report About AI Training

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📱TELECOMS

Q1 2025: MTN Delivers R47.1bn Revenue, $95.3bn in Fintech Volume Across Africa

MTN Group started 2025 on a strong note, reporting robust operational and financial results for the first quarter ended 31 March 2025. With 296.8 million subscribers across 16 markets, Africa’s largest mobile operator continues to deliver on its strategic ambition of leading digital solutions for the continent’s progress.

The Group recorded service revenue growth of 19.8% in constant currency, reaching R47.1 billion, fueled by stellar performance in its key markets—Nigeria, Ghana, and Uganda. MTN Nigeria led the pack with a 40.4% revenue increase, while Ghana and Uganda delivered growth of 39.5% and 13.5%, respectively. The Group’s EBITDA rose 33.0% year-on-year to R21.5 billion, lifting the EBITDA margin to 44.1%.

While South Africa’s performance was more modest due to ongoing competitive pressures, its enterprise and postpaid segments grew steadily. Notably, the Group maintained a net debt-to-EBITDA ratio of 0.7x, preserving significant liquidity headroom of R38 billion.....……continue reading

💰 FUNDING

Nawy Raises $75 million to Redefine Real Estate Across MENA

Egypt’s proptech giant Nawy has secured a combined $75 million in Series A equity and debt financing, setting a new benchmark for real estate innovation in the Middle East and North Africa (MENA). The funding, comprising $52 million in equity led by Partech and $23 million in debt from major Egyptian banks, underscores Nawy’s rapid ascent as Africa’s most valuable and fastest-growing real estate technology platform.

Founded in 2019 by Mostafa El-Beltagy, Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, and Aly Rafea, Nawy began as a listings platform but has grown into a full-stack real estate ecosystem. Today, its platform spans mortgage financing, fractional ownership, asset monetisation, and B2B brokerage services, offering a streamlined digital experience across every phase of the property journey.

The fresh capital injection will fuel Nawy’s expansion across the MENA region, bolster its AI-driven technology stack, and support the launch of new verticals. The company has already redefined market expectations with its Nawy Now product—an innovative mortgage service offering “Move Now, Pay Later” options that make homeownership more accessible. It has also introduced Nawy Shares, Egypt’s first off-plan fractional ownership product, and Nawy Unlocked, a rebranded finishing and asset management solution acquired through its purchase of ROA......……continue reading

🎮 GAMING

Samsung Unveils World’s First 500Hz OLED Gaming Monitor: The Odyssey OLED G6

Samsung Electronics has unveiled the Odyssey OLED G6, the world’s first OLED gaming monitor boasting a 500Hz refresh rate. This 27-inch display is engineered to deliver ultra-smooth visuals and rapid response times, setting a new benchmark in gaming performance.

The Odyssey OLED G6 (model G60SF) features a QHD (2560 x 1440) resolution powered by Samsung’s QD-OLED technology. With a 500Hz refresh rate and an ultra-fast 0.03ms gray-to-gray (GtG) response time, gamers can expect fluid motion and sharp imagery, even during the most intense action sequences. This combination ensures minimal motion blur and latency, providing a competitive edge in fast-paced gaming environments.....……continue reading

🛜 INTERNET

The Rise of In-Flight WiFi Signals the End of Airplane Mode

For decades, travelers have dutifully switched their phones to “airplane mode” before takeoff, disconnecting from the world until landing. But that era is rapidly fading as high-speed in-flight WiFi becomes the norm rather than the exception, fueled by partnerships between airlines and satellite internet providers like Starlink. What was once a luxury for business class passengers is quickly becoming a standard feature for all travelers—and it’s reshaping how we think about air travel.

In the past, airplane mode was a necessary safety measure. Concerns about mobile signals interfering with aircraft navigation systems prompted regulatory agencies to mandate the disabling of cellular radios during flight. But technology has since evolved. Aircraft systems are now more robust, and airlines are investing in infrastructure to support safe, reliable internet connectivity at cruising altitudes.

The result is a massive transformation: the cabin is no longer a digital dead zone. Instead, it’s becoming an extension of the connected world, allowing passengers to stream movies, join video calls, or scroll through social media at 35,000 feet..……continue reading

🤖 ARTIFICIAL INTELLIGENCE

Trump Fires Copyright Chief Over Report About AI Training

Days after a shocking investigation raised questions about the legality of AI training techniques that incorporate copyrighted information, US President Donald Trump fires Copyright Officer Shira Perlmutter. As the nexus between politics, intellectual property, and technology intensifies, the abrupt dismissal has shocked both Silicon Valley and Washington.

Representative Joe Morelle, the leading Democrat on the Committee on House Administration, reportedly confirmed the firing in a statement after Politico and CBS News published it.

“Donald Trump’s termination of Register of Copyrights, Shira Perlmutter, is a brazen, unprecedented power grab with no legal basis,” Morelle said. “It is surely no coincidence he acted less than a day after she refused to rubber-stamp Elon Musk’s efforts to mine troves of copyrighted works to train AI models.”........continue reading

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