Nigeria opens arms to investors
BUSINESS| Oct. 21, 2012, 12:58 p.m.
Highlighting growth potential and telecoms infrastructure improvement, Nigeria has invited more investment.
The country highlighted its ICT growth and investment potential during Nigeria Day at ITU Telecom World 2012 in Dubai.
Nigerian Telecommunications Minister Omobola Johnson, said: “The greatest opportunity for us is the opportunity of inclusive development. ICT become a leveller allowing parts of population, such as those in rural areas and the socially disadvantaged, to be brought into the economy and close the digital divide.”
Minister Johnson outlined the challenges of rolling out broadband infrastructure, be it fibre or satellite, at a cost that is affordable to the people. About 60% of Nigeria’s population live in rural economies, she notes.
However, the government pointed out that Nigeria has been one of the most dynamic ICT sectors in recent years as the country’s 160 million-strong population have leap-frogged fixed line telephony to go mobile. Today, Nigeria has achieved 70% voice penetration. However, broadband reach is currently only about 1% of the population.
Vice President Namadi Sambo joined the Nigeria National Pavilion at ITU Telecom World 2012 to support Eugene Juwah, Executive Vice President of the Nigeria Communications Commission as he called for foreign investors to partner with Nigeria and realize the country’s broadband potential.
On the question of erratic power impacting on telecoms quality of service, Sambo said base stations running on generators would soon be a thing of the past as the government pushed its power generation programmes.
He added that President Goodluck Jonathan’s administration had put in place an enabling environment for investment in Nigeria.
MORE BUSINESS NEWS
DHL to invest millions of Euros across SSA in 2015DHL plans to invest millions in upgrading its shipment handling systems and facilities in SSA this year. Read More
Ebenezer Asante to assume CEO role of MTN GhanaEbenezer Twum Asante will officially assume the position of Chief Executive Officer for MTN Ghana, effective 1st July, 2015. Read More
Nomanini scales West African footprint with Transaction Solutions partnershipSouth African-based portable Point of Sale (PoS) service provider Nomanini has signed an exclusive agreement with Transactions Solutions Ghana Limited to substantially scale numbers of its cloud-based PoS terminals in Ghana. Read More
Online procurement system for East Africa goes liveKenyan IT start-up M-Tenders Systems has created East Africa’s first live online procurement system, www.m-tenders.com. Read More
Customer experience starts with staff experienceCompanies seeking to improve customer experience to boost business may be overlooking a critical component in the mix: staff, says new Interactive Intelligence research. Read More
MasterCard, Ecobank Group to accelerate e-payment in SSAEcobank, Africa’s largest bank by geographical reach, will roll out MasterCard payment solutions to millions of its customers in Africa. Read More
Travellers more tech savvy78% of global travellers are using digital information while planning their trips; 66% resorting to digital sources for travel tips at the destination, says Visa. Read More
Standard Chartered appoints Chief Innovation OfficerStandard Chartered Bank says it has appointed Ms Anju Patwardhan as the Bank’s first Group Chief Innovation Officer, effective 1 July 2015. Read More
Cameroon: a well-kept investment secretThe investment opportunities in Cameroon are wide open, believes Africa strategy advisor for Moore Stephens, Jeff Blackbeard, who recently met with Cameroonian Prime Minister Philémon Yang. Read More
FEATURED STORYIHS plans to inject fresh $500m to grow capacity
Mohammed Darwish, managing director of IHS Towers, says the firm will soon inject another $500million into the business after raising some $2.5billion to finance expansion drives. Darwish spoke with biztecafrica.com in Lagos.
BEST READ NEWS
IN DEPTHAs curtain falls on MDGs, what next?
Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.
COMPANY NEWSMTN Business expands partnership with Samsung to offer enterprise customers increased security
Samsung Electronics South Africa has announced that MTN Business has been appointed as a reseller of Samsung’s KNOX licenses to its customers.