Nigeria concerned as Nitel debt soars
GOVERNMENTBy BiztechAfrica - Feb. 24, 2012, 12:47 p.m.
Nigeria is revisiting the issue of privatizing Nitel with new urgency as the national carrier’s debt soars to N250 billion.
The Nigerian government has long sought a buyer for Nitel, with several offers having been put on the table in the past year, but prospective buyers failing to come up with the large deposits required.
Faced with the option of liquidating the company, Nigerian President Goodluck Jonathan last year adopted a “willing buyer, willing seller” approach to Nitel, Nigeria’s ailing state-owned telco.
However, concerns are being raised about the telco’s rising indebtedness and the willingness of any investor to tackle this debt.
This week, Vice President Namadi Sambo said the National Council on Privatisation (NCP) was willing to partner with the National Assembly to expedite the privatisation of the carrier.
MORE GOVERNMENT NEWS
DR Congo readies for world’s largest hydroelectric plantThe Democratic Republic of the Congo is preparing to build a hydroelectric plant that is expected to bring electricity to half of the African continent. Read More
Benin launches cyber security planBenin’s ICT Ministry is spearheading the launch of a national cyber security strategy and response centre. Read More
ICTs to be rolled out to Huambo schoolsAngola’s Huambo province plans to accelerate the roll-out of ICT labs to schools across the province. Read More
Angolan census pilot gets underwayAngolan Vice-President Manuel Domingos Vicente has launched the 15-day pilot census, ahead of the republic’s first national census in over 40 years. Read More
Being Pan-African symposium underwayLeading intellectuals from Africa and the African Diaspora are convening in Ethiopia for the African Union symposium “Being Pan-African.” Read More
NCC: MNP is succeedingDespite scepticism over MNP in a nation well used to owning multiple SIMs, Nigeria’s NCC says MNP is succeeding. Read More
Malawi to establish National Data CentreThe Malawi government will this year establish a National Data Centre to rationalise data storage and data processing facilities in the country. Read More
Zambia commends Ghana for digital migrationZambia’s Information and Broadcasting Services deputy minister Mwansa Kapeya has commended Ghana for the successful implementation of its digital migration programme. Read More
Mozambican President on visit to ChinaMozambican President Armando Guebuza has arrived in Shanghai, on a working visit to China, to boost trade and cooperation between the two countries. Read More
FEATURED STORYICT opens doors for Kenyan slum dwellers
A Nairobi based group is equipping high school girls from Nairobi's slums with ICT skills to help them participate meaningfully in building the economy.
BEST READ NEWS
IN DEPTHDollar-a-month broadband can change Africa
The Microsoft-led 4Afrika TV white spaces project, taking broadband to rural people for as little as a dollar a month, is now expanding in Kenya and launching in Tanzania.