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Nigeria now eligible for Facebook content monetisation

Nigeria now eligible for Facebook content monetisation

Plus: Bamboo now in South Africa

Innovation Village
July 01, 2024

Today’s Menu ☕️

📈 Nigerian Fintech Startup Bamboo Launches Operations in South Africa, Offers Access to US Stock Market
🔋 Egypt Tackles Power Shortages with Ambitious 10-Gigawatt Wind Farm Construction in 2026
🦏 Nigerian Content Creators Celebrate New Monetisation Opportunities on Facebook and Instagram
📲 Apple Finally Embraces RCS Messaging in iOS 18 Update

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📈 STOCK MARKET📈

Nigerian Fintech Startup Bamboo Launches Operations in South Africa, Offers Access to US Stock Market

Bamboo, the popular Nigerian investment app that enables users to invest in US stocks, has expanded its operations to South Africa. This move marks a significant milestone in the company’s mission to democratise investment opportunities for Africans, providing South Africans with a convenient and accessible platform to diversify their portfolios and tap into the global stock market.

Through the Bamboo app, South African users can now invest in fractional shares of over 3,000 US stocks and exchange-traded funds (ETFs), including tech giants like Apple, Amazon, and Tesla. The app’s user-friendly interface and low minimum investment requirements make it an attractive option for both seasoned investors and newcomers.

Bamboo’s expansion into South Africa is a strategic move, capitalizing on the country’s growing interest in international investments and the increasing demand for digital financial services. The company aims to leverage its existing technology and expertise to provide South African users with a seamless and secure investing experience....……continue reading

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🔋ENERGY

Egypt Tackles Power Shortages with Ambitious 10-Gigawatt Wind Farm Construction in 2026

Egypt is taking a significant stride towards its renewable energy goals with the construction of a massive $10 billion wind farm, set to commence in March 2026. This ambitious project, poised to be one of the world’s largest, is expected to generate a substantial 10 gigawatts of power upon completion in 2032.

The wind farm, a collaborative venture between Egyptian firm Infinity and Abu Dhabi’s Masdar, faced initial delays due to land acquisition challenges in the Upper Egyptian region of West Sohag. However, as reported by Bloomberg, the project is now on track to break ground in early 2026.

This development comes at a crucial time for Egypt, which has been grappling with scheduled power outages due to soaring temperatures and rising electricity demand from its population of over 105 million. The wind farm’s anticipated power output will be a boon, allowing Egypt to gradually decommission some gas-powered plants and reduce its reliance on fossil fuels..…....continue reading

📱 SOCIAL MEDIA

Nigerian Content Creators Celebrate New Monetisation Opportunities on Facebook and Instagram

In a landmark announcement on Thursday, June 27th, Meta, the parent company of Facebook and Instagram, officially opened the doors for content creators in Nigeria to monetise their content through ad revenue. This development, long-awaited by the Nigerian creative community, marks a significant shift in the country’s digital landscape.

Previously, Nigerian creators faced limitations in accessing Facebook’s monetisation features unless they had a page managed from an eligible country. However, with this recent change, they can now leverage various avenues to earn money, including in-stream ads, live ads, ads on reels, bonuses, and subscriptions.

This move aligns with Meta’s earlier commitment made in March during Nick Clegg’s, President of Global Affairs at Meta, visit to Nigeria. The company had promised to expand monetisation options beyond Instagram, ensuring Nigerian creators could also capitalize on Facebook’s vast audience....…....continue reading

📲 MESSAGING

Apple Finally Embraces RCS Messaging in iOS 18 Update

Apple, in a move long-awaited by Android users and tech enthusiasts alike, has officially announced support for Rich Communication Services (RCS) messaging in its upcoming iOS 18 update. This development marks a significant shift for Apple, as it finally embraces the modern messaging standard that has been widely adopted by Android users for years.

The news was first revealed in Apple’s preview of iOS 18, where the company highlighted RCS support as one of the new features coming to the Messages app. According to Apple, RCS will enable “richer media and more reliable group messaging compared to SMS and MMS” when messaging contacts who do not have an Apple device.

This announcement is a major win for consumers, as it means that iPhone users will finally be able to enjoy the benefits of RCS, such as high-quality image and video sharing, read receipts, typing indicators, and larger group chats, when communicating with Android users.........…....continue reading