Global News: Getty Images buying Shuttershock to create a US$3.7 Billion visual content company.
Federal Government Approves Telcos Tariff Hike, Price of Calls to Rise.
The merger comes at a time when companies that use still images are facing increased competition from images generated by artificial intelligence. The companies say that they have complementary portfolios and that a merger will provide customers with a broader array still imagery, video, music, 3D and other media.
Our thoughts
The visual content industry is actually facing increased competition from images generated by AI, so this merger is a welcome development for shareholders.
The changing of times really has impact on real businesses. AI-generated images are largely free, the regular Joe that would have bought an image for their flyers/products to avoid copyright problems has been given an out.
For Getty Images and companies in that space, they will need to evolve and evolve quickly.
For us as investors, we should be reviewing our stock picks for impact of these changes.
The summary: Evolve or die.
African News: Uganda becomes the First East African Country to Officially Join BRICS.
Uganda has officially joined BRICS as one of 13 new partner nations, marking a significant shift in its international trade and investment strategy. Uganda's membership in BRICS reflects Africa’s rising influence in global economic alliances.
Our thoughts
It’s so interesting how countries are positioning themselves in the changing geopolitical climate.
For Africa as a whole, joining and staying in these Blocs can help with improving technological, industrial, and governance standards.
Another fallout of this new alliance will be a reduced reliance on western institutions like IMF & World Bank. Considering president Trump's threat to sanction countries joining BRICS, Uganda has taken a side.
Nigerian News: Federal Government Approves Telcos Tariff Hike, Price of Calls to Rise.
The federal government has agreed to demands for tariff hikes in the telecommunication industry. This is expected in the coming weeks, as the government aims to address sustainability challenges in the telecom sector.
Our thoughts
After 11years, the government of Nigeria has approved a tarry increase. Telcos had been clamoring for a 100% increase and it makes sense (from a shareholder perspective actually) lol
But on a serious note, due to the massive currency devaluation, there is a very poor business case for investing in improved technology across the country.
Servicing cell sites costs money, Telcos moved from their own sites to splitting across competitors, even at that - it has been a struggle. So this is a welcome development.
The exact approved increase is yet to be communicated but we expect the following:
→ Increase in revenue
→ Positive stock price adjustment because of the revenue increase
→ Increased investment in the sector
→ Improved service delivery: fingers crossed on this
→ Increase in inflation - The communications component in the inflation basket is going to push things up.
In the long run, tarry's can only be kept same for so long. As with all other prices in Nigeria, they need to be adjusted.
What’s happening at the Money Wit Club…..
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