Ghana mobile maker enters Nigeria
BUSINESS| June 18, 2011, 4:09 p.m.
Ghanaian mobile phone manufacturer rLG Communications has announced its first step into the Nigerian market.
rLG said it had reached a memorandum of understanding with Nigeria’ s Osun state, which would serve as the company’ s first step into the Nigerian market.
rLG recently opened Ghana’ s first high-tech laptop and mobile assembly plant. It expects to provide employment for up to 40 000 people and aims to be a leading integrated ICT company in the West African region within the next few years. It says it aims to capture 80% of the West African market by 2012. Over 6000 youths have already been trained for the project.
In line with its latest agreement, the company is undertaking to train up to 20 000 youths in the Osun state. A USD20 million assembly plant will be built in the state, and manufacturing will start as soon as possible.
Last year, youth were trained in Gambia under a similar agreement. Negotiations are underway to train 2000 more.
MORE BUSINESS NEWS
Nigeria’s forex policy hurts ICT business: SpectranetThe Central Bank of Nigeria policy that has taken the dollar out of circulation is hurting business, says Spectranet. Read More
Global Tech Investor Techstars selects its first company from East AfricaUS accelerator TechStars believes Kenya's Bamba Group could be the next AirBnB or Dropbox within the next five years. Read More
WorldRemit raises $45m to drive next phase of growthMoney transfer service WorldRemit has raised $45m in financing from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank. Pioneering a mobile-first approach to remittances, WorldRemit will use the funds to support its rapidly growing transfer volumes. Read More
Jumia, AXA partner to provide insurance products and services to African customersAXA will become the exclusive provider of insurance products and services through Jumia and other AIG online and mobile platforms in Africa. Read More
Orange to acquire Millicom subsidiary in DRCOrange and Millicom have signed an agreement leading to Orange’s acquisition of Millicom’s operations in the DRC. Read More
Ringier Africa and Asia Pacific get new structure and leadershipRingier is restructuring its international market set-up for the beginning of the new year, with four dedicated teams established for each of the African business models. Read More
Travelstart secures strategic partnership with MTNAmadeus, the global technology investor, has announced a $40m investment in Travelstart in partnership with MTN, Africa’s leading mobile and digital life services operator. Read More
VMware appoints new Regional Director of SSAVMware has announced the appointment of Matthew Kibby as regional director of Sub-Saharan Africa (SSA). Read More
More than 700 delegates at Sage’s first African Business Partner Conference in South AfricaSage’s first African Business Partner Conference in SA marks a milestone in Sage’s journey towards becoming the global market leader for integrated accounting, payroll and payment systems. Read More
SweepSouth secures funding from top SA Venture CapitalistsVumela Fund has backed online home cleaning services platform SweepSouth. Read More
FEATURED STORYViber Spreads Good Vibes in Africa with the introduction of public chats
Viber, one of the leading messaging and calling apps with more than 664 million unique users worldwide, has opened its latest social channel ‘Public Chats’ to partners in Africa and the Middle East.
BEST READ NEWS
IN DEPTHPoised for greater heights – Roshi Motman, AfricaCom CEO of the Year Winner
Roshi Motman is not your average CEO. Since taking up the reins as the first female CEO of Tigo Ghana in 2014, she has led the Tigo brand through a remarkable transformation.