President Cyril Ramaphosa has issued a proclamation directing the Special Investing Unit (SIU) to probe various dealings that took place at Telkom going as far back as June 2006, among them an aborted foray into Nigeria that is estimated to have cost the company more than R10-billion. The president has directed the SIU to investigate “serious...
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...
BitCo Telecoms, one of South Africa’s leading Telecommunications and Internet Service Providers, announces fiscal and market share growth for 2021 as well as upcoming strategies for expanding their national last mile carrier-grade network, and geographic reach to outlying areas and towns in 2022 and beyond. BitCo enjoyed a solid year of business growth in 2021...
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...
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...
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...
Chad is one of the countries with the most expensive Internet prices in Africa. With the explosion in demand for connectivity, Chadians, especially young people, are increasingly demanding a service adapted to their financial realities. The Chadian government is negotiating lower Internet prices with telecom operators. Discussions were held to this effect on Wednesday, January 19, between...
In addition to power outages and the requirement that all MNOs phase out physical top up cards, Zimbabwean telcos continue to struggle with increasing incidents of vandalism of base station equipment. This is placing further strain on scarce foreign currency resources at a time the country and the industry is battling to raise US Dollars...
State-owned fixed and mobile operator CamTel is gearing up for the commercial launch of its new nationwide GSM mobile service, after unveiling the Blue brand for its operations in August last year. Business in Cameroon reports that SIM cards are in limited circulation ahead of an official launch of the 3G and 4G network in the first quarter of...
Telecoms operators in Nigeria yesterday allayed fears over alarm raised by airline operators in the United States of possible disruption in aircraft operations by the rollout of 5G network. Recall that Chief Executive Officers of some of the largest airlines in the United States’ had raised the alarm over what they described as potential catastrophic...
