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Tag: Telecommunication

MTN Nigeria secures US$99m from EIB for its 4G network expansion programme 

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NIGERIA – The European Investment Bank (EIB) has agreed to €100 million (US$99.63m) financing with MTN Nigeria Communications Plc (MTN Nigeria) to support the telecommunications company’s network expansion programme.  The investment will aid the acceleration of 4G coverage in Nigeria and expand broadband access in line with MTN’s Ambition 2025 strategy.  Karl Toriola, Chief Executive Officer, MTN Nigeria, said, “We are committed to leading digital solutions for Nigeria’s progress. This…

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Telecoms company Safaricom launches Kenya’s first 5G network

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KENYA – Safaricom, a mobile network operator, has announced the availability of 5G Wi-Fi to empower its customers with superfast internet at home and at work, complementing its growing fibre network. Safaricom became the first service provider in Kenya to announce 5G trials in March last year, and this development now empowers customers in 5G-ready areas to enjoy fast and…

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Vertiv opens office and customer experience center in Kenya

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KENYA – Vertiv, a global provider of critical digital infrastructure and continuity solutions, has announced the opening of its new office and state-of-the-art Customer Experience Center in Nairobi. With an increasing demand for high-efficiency critical infrastructure in East Africa, this centre supports Vertiv’s efforts in offering digital infrastructure solutions to local customers. The center’s experts offer firsthand knowledge of the…

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VC firm Hlayisani Capital acquires minority stake in Tractor Media Holdings

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SOUTH AFRICA – Hlayisani Capital, a private equity and venture capital firm, has announced that it has bought a minority stake in Tractor Media Holdings, one of South Africa’s leading digital outdoor media owners. Hlayisani Capital said the funds will be channelled towards the acceleration of Tractor’s aggressive digital out of home (DOOH) growth strategy. The funds will also allow…

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Vodacom South Africa to use solar energy production at Midrand campus

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SOUTH AFRICA – As part of its sustainable strategy around energy management, Vodacom SA’s Midrand campus is being fitted with solar photovoltaic (PV) panels which will allow the headquarters to generate around 10.8 gigawatt-hours (GWh) of its own clean power every year – roughly 21% of its power consumption. “Everything we do is driven by our purpose to shape a…

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Helios Investment Partners sells its 60% stake in Telkom Kenya to The State

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KENYA – The Government of Kenya, through The Treasury, has acquired a 60 per cent stake in Telkom Kenya from UK-based private equity fund, Helios Investment Partners, for KSh6.09 billion (US$50.40m), making the company fully State-owned. The exit comes six years after Jamhuri acquired majority ownership in the integrated telecommunications solutions provider from France Telecom in June 2016, through its…

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Vodacom Business Africa expands its SD-WAN solution into Africa

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AFRICA – Vodacom Business Africa has announced plans to launch its software-defined wide area networking (SD-WAN) solution to clients in all 47 operating countries across its African footprint after a successful trial in South Africa. SD-WAN is emerging as the go-to solution in business, delivering unmatched performance and cost benefits, including increased agility and quality of service, better reliability and…

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Safaricom announces 50 per cent reduction in Fuliza interest charges

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KENYA – Safaricom and KCB Bank Kenya have announced a restructuring of the popular Fuliza overdraft facility in a move that will see customers transacting on Fuliza access the overdraft facility at a free daily maintenance fee for the first three days for transactions of KSh. 1,000 and below. The move benefits more than 80% of M-Pesa customers who seek…

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Clickatell partners with Central Bank of Nigeria to provide eNaira banking service

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NIGERIA – Clickatell, a leader in global mobile messaging and pioneer in mobile technology, has partnered with the Central Bank of Nigeria (CBN) to deliver eNaira banking services to all Nigerians using the USSD channel. The two partners have launched a USSD channel for its eNaira Central Bank Digital Currency (CBDC) as part of the country’s drive to make basic…

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Fintech company Cellulant partners Orange Money to enable card-to-wallet transfers

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BOTSWANA – Cellulant, a Pan-African fintech company, has partnered with Orange Money, the mobile money service of Orange to enable card-to-wallet transfers for 8 banks in Botswana. The Orange Money Card-To-Wallet service in Botswana enables customers to transfer money online from any bank account to an Orange Money wallet. The service is available to all Orange Botswana customers with bank…

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