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Nigeria currently accounts for 82 per cent of Africa’s information and communications technology (ICT) market. This was made known by the Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, at the 10th and 11th combined Convocation Lecture of the Fountain University, Osogbo, Osun State.  Danbatta, who delivered the convocation lecture, said the adoption and utilisation...

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Mobile network operators in Cameroon are scrutinising The TotalEnergies 2021 Africa Cup of Nations (AFCON) to capitalise on business opportunities linked to digital infrastructure and communication. Prior to start of the tournament, Judith Yah Sunday, General Manager of state-owned Camtel confirmed via a message posted on Twitter, that the company had upgraded the quality of...

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Fixed broadband provider ZOL Zimbabwe is migrating its internet access customers to a new brand name from 1 March. TechZim reports that all ZOL internet products will shift to the Liquid Home name, bringing the company closer to the branding of its parent Liquid Intelligent Technologies Zimbabwe. Liquid Intelligent Technologies (formerly Liquid Telecom) acquired ZOL (then known as Zimbabwe Online) back...

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In 2020, the Internet penetration rate was still only 14% in Chad, according to the telecoms regulator. As the digital economy grows across the world, the government is adopting strong measures to catch up on the digital inclusion of populations.  For the next five years, importers of telephones for wireless cellular networks (mobile phones and smartphones...

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Helios Investment Partners is in talks with African telecommunications operators and banks about ways the private equity firm can help them cash in on their mobile money and digital payments platforms. Africa’s largest wireless carriers, including MTN Group and Airtel Africa, are among companies exploring how to unlock value from their multibillion-dollar fintech operations. Johannesburg-based MTN...

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Uganda’s second largest mobile phone operator, Airtel Uganda, has initiated internal discussions regarding plans to list a 20% stake in the company via an initial public offering (IPO). PR manager David Birungi said the company will notify the market “when discussions are complete.” The Capital Markets Authority (CMA) requires all foreign-owned telecommunications companies to list...

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A 750% surge in the value of shares of Econet Wireless has helped boost the net worth of Zimbabwean telecommunications magnate, Strive Masiyiwa to US$2.7-billion in 2022. According to a Forbes report, Masiyiwa, who founded Econet Wireless in Zimbabwe and has since expanded into datacentres, telecommunications and fibre optic internet provision across Africa, is the “biggest...

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Despite limitations on interoperability and permitted amounts, mobile money platforms remain the most cost effective and most popular channel for remittances into Kenya, according to a new survey released by the Central Bank of Kenya. The Kenya Diaspora Remittances Survey December 2021 shows that remittance receipts through formal channels surged to US$3.7-billion during the year, compared to...