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London — Every few years a corruption case under the US Foreign Corrupt Practices Act blows the lid off Africa’s often seamy way of doing business in the telecoms sector. Russell Southwood looks at the recent case of Ericsson and looks at how Chinese vendors do things. According to a company announcement on Thursday:”Ericsson has been...

The Democratic Republic of Congo, alongside Burkina Faso and Benin, is joining the BLOC Smart Africa, the €100 million venture capital fund dedicated to innovative and technological African start-ups. BLOC Smart Africa is the result of a partnership signed on 16 May 2019 between Smart Africa Alliance, a public-private organization dedicated to Africa’s digital transformation, and...

The Public Investment Corp. is poised to take a stake in Liquid Telecom if Africa’s biggest fiber company goes ahead with a planned initial public offering, according to people familiar with the situation. The PIC, which manages the pension funds of South African government workers, agreed to set aside funds to guarantee a $375 million...

Telecom subscribers in Nigeria reportedly spent at least N261billion ($722mil) on airtime in August, according to figures provided by the Nigerian Communications Commission (NCC). The monthly subscriber data taken from NCC also showed that there were no less than 174.668m active GSM subscribers from Airtel, 9mobile, MTN and Globacom in August. With the telecommunications operators’...

Joseph Mwanamvekha, Malawi’s Minister of Finance, Economic Planning and Development has caused a public outcry by approving a 1% withholding tax on all mobile money transactions in Malawi. In his recent national budget speech, presented to parliament, Mwanamvekha said that the tax would ensure that more people contribute towards federal building and that the government...

The Nigerian government under the administration of President Muhammadu Buhari is holding talks with the World Bank to obtain a loan of up to $2.5 billion. According to Mr Hafez Ghanem, the loan is a necessary agent required to resuscitate the country’s fledgeling economy. One of the major challenges the loan will be used to...