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Nigeria: ISPs Market Shrinks As Operators Lose 60% Earnings To Tower, Connectivity Charges
January 21, 2018

Except urgent measures are taken, the Internet Service Providers (ISPs) market in Nigeria, which has been on a steep decline, may eventually collapse.

Already, 90 percent of ISPs in the country have gone out of business, leaving the space for the likes of Spectranet, Swift, Direct on Data and Smile Communications, among others.

Due to Nigeria’s harsh business environment, which has led to the closure of several companies, even outside the telecoms sector, surviving ISPs are lamenting that over 40 percent of their earnings is spent on tower operations, while 20 percent goes for connectivity charges.The challenge, if not urgently tackled, could also negatively impact Federal Government’s plan of meeting 30 per cent broadband penetration this year.

The Guardian gathered that in the past five years, the Nigeria Communications Commission (NCC) has licensed 103 ISPs, but as at the end of 2017, only 10 percent applied for the renewal of their licences.

The likes of Multilinks, Starcomms,"...

January 20, 2018

Developing abundant shale gas has become a necessity for Algeria to reverse its declining domestic natural gas production and safeguard its economy.

Local gas demand is expected to rise rapidly due to continued population growth. In the decade"...

January 13, 2018

ALGIERS-President of the Republic Abdelaziz Bouteflika on Monday said that Alcomsat-1 satellite was “a tool to promote space technologies for peaceful purposes and will enable Algeria access to services that were the preserve of foreign companies.”

In"...


January 21, 2018

The IMF said it expects Morocco's economy to accelerate over the medium term amid a slew of reforms including monetary policy liberalisation that has seen greater flexibility in the exchange rate.

'Morocco's sound macroeconomic policies and reform implementation have helped improve the resilience of the economy,' said Mitsuhiro Furusawa, the IMF's deputy managing director and acting"...

January 21, 2018

Abu Dhabi-based investment firm, KBBO Group, will invest in growing technologies in the education sector having successfully built the largest healthcare portfolio in the region, its CEO, Yazen Abu Gulal, said at a recent forum.

In a round table session with senior regional leaders at the recent Milken Institute London Summit, Yazen Abu Gulal said"...

January 21, 2018

(AETOS Wire) -- The Brightline™ Initiative, a non-commercial coalition dedicated to helping organizations bridge the gap between strategy design and strategy delivery, along with Project Management Institute (PMI) and The Boston Consulting Group are hosting The Economist Events on the panel discussion, “The Business Case for Openness: Implementing Strategy in a Drawbridge up World.”

This"...

January 20, 2018

Rwanda’s largest commercial bank, Bank of Kigali, has chosen US tech company Fiorano Software to install its payment platform, as part of the bank's digital transformation agenda. The Project includes Integration with the Bank’s Temenos T24 Core Banking Solution with support for Online and Offline Banking features.

Fiorano ESB and Fiorano API Management form the backbone of all integrations"...

January 20, 2018

Power Africa, a U.S. Government initiative to double electricity access in sub-Saharan Africa, has launched the Guide to Community Engagement for Power Projects in Kenya. The Guide outlines how electricity producers can best engage with electricity consumers.

“This Guide is a critical addition to the Power Africa partnership. It is designed to offer power project developers information on community"...

January 20, 2018

Partech Ventures has launched Partech Africa fund, which has secured above $70 million commitments toward its target size of $120 million, making it the first technology fund of such size from a top tier international venture capitalist to be exclusively dedicated to the fast-growing tech ecosystem in Africa.

Partech Africa intends to focus on early stage growth funding, providing €0.5 to €5M"...