Kenyan tycoon John Kimani acquires 8.64 million shares in East Africa’s largest telecom firm

Kenyan businessman John Kimani, one of the country’s wealthiest individuals, has increased his stake in Safaricom Plc, East Africa’s largest telecom service provider, in a strategic move to fortify his investment portfolio and deepen his business interests in the African telecom sector. According to recent market data, Kimani has significantly raised his holdings in Safaricom,...

Ivory Coast unveils its digital projects for the 2024 financial year

Ibrahim Kalil Konaté, Minister of Digital Transition and Digitization of Côte d’Ivoire, presented the flagship projects of his department for the year 2024. It was Friday January 26, during the ceremony of presentation of wishes within the ministry. The projects listed by the minister include the commissioning of 5,207 kilometers of optical fiber, the implementation...

Americans keen to invest in Nigeria tech sector

US entrepreneurs and companies are keen to collaborate and participate in Nigeria’s economy, particularly in the technology sector. That is according to US Secretary of State Antony Blinken, who is visiting Nigeria to discuss bilateral relations. He mentioned that tech behemoths in the United States are collaborating with Nigerian partners to help meet host President...

Senegal-based Sonatel group receives $41.5 million from South African fund manager

Sonatel, the telecommunications group listed on the Regional Securities Exchange (BRVM) and based in Dakar, Senegal, has mobilized 23.5 billion FCFA (around $41.5 million) from the Emerging Africa Infrastructure Fund (EAIF), managed by Ninety One based in London and Johannesburg. Folatomi Fayemi of Ninety One highlighted that “this transaction represents a replicable and scalable model for...

Visa and Pesaflow want to improve digital payments in Kenya

Kenya’s payments platform, Pesaflow, and Visa, a digital payments giant, have partnered to improve digital payments within the Kenyan government. This collaboration could significantly improve the effectiveness, transparency, and inclusivity of public services while also encouraging financial inclusion. Pesaflow is a platform that offers a single citizen profile and easy access to more than 5,000...

Nigeria: billionaire Mike Adenuga reaches an agreement with South African MTN to avoid the disconnection of Globacom

Nigerian telecommunications company Globacom, owned by billionaire Mike Adenuga (pictured), has reached an agreement with the local subsidiary of South Africa’s MTN to resolve their long-running dispute over interconnection debt. This was announced on Wednesday, January 17, by the Nigerian Communications Commission (NCC), which is acting as a mediator between the two parties. As a...

Cell C is considering slashing its workforce by 40% to reduce costs

Cell C says a review of its organisational structure and operating model led to this development. While acknowledging that the workforce framework has evolved, it emphasised that business stagnation has been a significant issue, resulting in silos, redundant roles, and operational inefficiencies. The telco further stated that it modified thirty senior management positions earlier this...

Gabon obtains a $68.5 million loan from the World Bank to accelerate its digital transformation

The Gabonese government has made digital technology one of the pillars of the country’s socio-economic development. The executive recently signed an agreement with an Indian company to provide the country with a national data center. Gabon will benefit from support from the World Bank to accelerate the implementation of its digital transformation project called “Digital Gabon”. On...

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