Crossfin Transactional Solutions (CTS) has rebranded to Adumo, in an attempt to infuse the fast-growing fintech company with an authentic African feel that speaks to its existing and future customer base. Following the 2019 acquisition of Sureswipe by Crossfin Technology Holdings, a fintech investment company, and Apis Growth Fund, a private equity fund managed by London-based Apis Partners LLP, Crossfin Transactional Solutions (CTS), South Africa’s largest independent payments and merchant acquiring solutions platform was formed. 2020 will now see an authentic, local positioning of CTS to ‘Adumo’. Adumo services more than 30 000 active clients and 50 000 active card machines – processing over $4 billion in transaction value – and with a presence in 7 African countries, making it is the la...
Sourced from Britannica. A new study shows that Satellite TV reception increased by 23% in Nigeria and 19% in Ghana in 2019 since the last study, conducted two years ago; SES currently reaches 35 million TV households across the African Continent. SES has unveiled the results of its annual Satellite Monitor survey, which reveals a steady increase in the penetration of satellite TV across Africa. The study on TV reception also shows an increase in satellite TV across the continent, leaping from 33 million African households in 2018 to 35 million households in 2019. 2 million households in a year’s time. If this trend continues, satellite TV penetration could reach 41 million households by 2022. In Nigeria, the Satellite Monitor results revealed that satellite TV reception was the choice for...