The confirmed Covid-19 cases in Ghana now 566, the Ghana Health Service has announced.
On its Covid-19 website, the Service said a number of measures introduced to control and prevent further spread of the disease has resulted in the sudden increase in cases.
“As of April 11, a total of 37,954 persons have been tested with 566 being positive for COVID-19. The breakdown of the 566 positive cases are as follows: four have been treated, discharged and tested negative, 552 cases have been categorised as mild disease on treatment, two moderate to severe cases, none currently on ventilators and eight have died.
“Of the 566 confirmed COVID-19 cases, 292 were reported from the routine surveillance, 159 from enhanced surveillance activities and 115 from travellers under mandatory quarantine in both Accra and Tamale.”
Greater Accra remains Ghana’s epicentre of the outbreak with 452 cases.
SITUATION UPDATE, COVID-19 OUTBREAK IN GHANA AS AT 11 APRIL 2020, 23:59 HRS
As of 11 April 2020, 23:00 Hrs, a total of 37,954 persons have been tested with 566 being positive for COVID-19. The breakdown of the 566 positive cases are as follows: four (4) have been treated, discharged and tested negative, 552 cases have been categorised as mild disease on treatment, two (2) moderate to severe cases, none currently on ventilators and eight (8) have died.
Of the 566 confirmed COVID-19 cases, 292 were reported from the routine surveillance, 159 from enhanced surveillance activities and 115 from travellers under mandatory quarantine in both Accra and Tamale.
Regions that have reported cases are Greater Accra, Ashanti, Central, Eastern, Western, Volta, Northern, North East, Upper East, and Upper West.
confirmed Covid-19 cases in Ghana now 566
MultiChoice stakes $281.5 million in BetKing, widening Nigeria’s betting market.
MultiChoice purchased a 20% stake in Blue Lake Ventures Limited, a pan-African sports betting and Entertainment Company known as BetKing, in October 2020. Now, through its wholly-owned subsidiary, Mwendo Holdings B.V, MultiChoice aims to buy a further 29%.
This means Multichoice will have a non-controlling 49% share in BetKing Nigeria, valued at $281.5 million, in line with its aim to extend its entertainment ecosystem and build important future value drivers.
However, the completion of this deal is dependent on some substantive conditions.
First, Multichoice has to secure debt funding. To complete the transaction, they need to raise about $294.45 million in rand-denominated debt.
Secondly, the completion of the employee share incentive scheme is fundamental. The arrangement includes creating an employee share option plan by apportioning 10% of the company’s equity. More so, shareholders will own shares in the diluted business.
Thirdly, they have to obtain regulatory approvals from antitrust or competition authorities in various jurisdictions.
Other requirements include agreeing on a reasonable exit clause for minorities who will sell down to recoup some of their initial investment.
Multichoice Group CEO Calvo Mawela believes that sports betting is an exciting and buoyant market that is well-aligned with the company’s Pay-TV business. He further adds that the majority of betting enthusiasts watch a lot of games, which Multichoice is known to show on its platform.
About Betking Nigeria
Widely acknowledged as one of the popular sports betting platforms in the continent, Betking Nigeria was founded by Bryon Petzer and Adekunle Adeniji, who previously worked as Bet9ja’s virtual product manager.
As of Dec 2020, Betking increased its annual revenue by 42% to $54.7M in 2019 to $77.9M. Meanwhile, its net asset value stood at $100.2M.
According to Technavio, the sports betting industry is expected to grow by more than $134 billion between 2020 and 2024, with a remarkable compound annual growth rate (CAGR) of 10%.
Nigeria’s betting space
Popular betting companies like Betking, Sporting Bet, Nairabet, Naijabet, Bet9ja, and Surebet24 dominate the betting space in Nigeria.
In 2018, about 60M Nigerians ages 18-40 were involved in sports betting. Approximately, ₦2 billion was spent on active sports betting daily. Yet, Africa holds only 2% of global sports betting revenue. This, without a doubt, rationalizes BetKing Nigeria investment, as the continent is poised for great momentum as it starts to play catch-up.
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