BUSINESS

TLcom achieves second profitable African exit of 2014 with Movirtu sale

TLcom achieves second profitable African exit of 2014 with Movirtu sale

Venture capital firm TLcom Capital (TLcom) has announced its second profitable exit in Africa this year with the sale for an undisclosed fee of virtual identity solutions provider for mobile operators Movirtu to BlackBerry. Read More

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Tayo Oduwole, James Agada, Bature Umar Masari, Austin Okere, and Nasiru Izegwire Why CWG is re-strategising Nigeria’s Computer Warehouse Group (CWG Plc) is re-strategising to take the company in a different ...
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Green accelerator programme launched in KenyaGreen accelerator programme launched in Kenya Impact Amplifier, Growth Africa, VC4Africa and Hivos have joined forces to launch an accelerator programme for ...
14:46
Outsourcing of telecoms towers management a win-win situation - analystsOutsourcing of telecoms towers management a win-win situation - analysts The sale of tower assets by African telecoms operators to independent management firms is a win-win ...
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MORE BUSINESS NEWS

Friday 12 Sep

Nigeria will drive West African operations, says Asseco chief

NIGERIA
European software giant Asseco Group has decided to open shop in Nigeria to drive its presence in the sub-region from the country.»
Wednesday 10 Sep

Heirs Holdings to ramp up power production

NIGERIA
Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says his group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.”  »
Monday 8 Sep

Eaton Towers acquires Airtel towers in 6 countries

GHANA
Eaton Towers and Bharti Airtel today announced an agreement for the acquisition of over 3,500 telecoms towers by Eaton Towers from Airtel.»
Monday 8 Sep

Bank customers kick against ATM charges

NIGERIA
Bank customers have faulted the re-introduction of charges on users ATMs in Nigeria, arguing that it is a reflection of the ‘policy somersault’ that has been the hallmark of successive adminstrations in the country.»
Friday 5 Sep

StarTimes DRC not going anywhere, says top official

Just two days after being told by a government minister to stop operating in the Democratic Republic of Congo (DRC), StarTimes DRC yesterday embarked on a huge media offensive, saying that it will not budge.»
Thursday 4 Sep

StarTimes DRC’s venture comes to an end

DEMOCRATIC REPUBLIC OF CONGO
The operations of Chinese-owned pay TV company StarTimes in the Democratic Republic of Congo (DRC) have been halted by the Congolese government, which withdrew its licence this week.»
Tuesday 2 Sep

TNM first quarter net profit jumps to K1.8 billion

MALAWI
Malawi's mobile telecoms network service provider TNM continues to realise an increase in net profit from operations.»
Tuesday 2 Sep

Revenues from tablet games to triple

New data from Juniper Research has revealed that by 2019 worldwide revenues from tablet games will reach $13.3 billion – a threefold rise on the 2014 figure of $3.6 billion.»
Monday 1 Sep

Airtel Uganda hosts high value customers at Business Leaders’ Forum

UGANDA
Airtel Uganda has hosted an Enterprise Expo in Mbarara district, Western Uganda, as part of efforts to provide practical and modern business solutions to its high value customers. »
Monday 1 Sep

Safaricom, Airtel complete yuMobile deal

KENYA
Safaricom and Airtel have completed the US$120 million acquisition of yuMobile from Essar Telecom.»
Friday 29 Aug

GrowthAfrica, Usahibu partner to solve SME accounting issues

KENYA
Kenyan accelerator GrowthAfrica has partnered cloud computing firm Uhasibu in a bid to address the accounting and financial software needs of East African startups and small and medium enterprises (SMEs).»
Friday 29 Aug

Iconway introduces online shopping service with launch of PricePadi.com

NIGERIA
Nigerian consumer internet company, Iconway today announces the launch of PricePadi.com, a new online shopping service that allows customers to search for and discover products available from different sources in Nigeria.»
Thursday 28 Aug

Top 10 risks worth considering when expanding into Africa

Companies planning to expand across Africa must make a concerted effort to understand the risks, and not assume they “know” Africa, says ContinuitySA.»
Wednesday 27 Aug

Shop Soko connects Kenyan artisans to lucrative international markets

KENYA
A new e-commerce platform, Shop Soko, is helping Kenyans access a lucrative international market.»
Wednesday 27 Aug

Ricoh SA begins rollout of new services-led strategy, Africa expansion

Jacques van Wyk has been appointed Ricoh SA’s new COO to drive the expanded strategy that will enable the business to become a services-led organisation and see its expansion into the rest of Africa.»
Tuesday 26 Aug

Jumia launches in Cameroon

CAMEROON
Pan-African e-commerce site Jumia has launched in Cameroon, taking to nine the number of countries where it is active.»

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FEATURED STORY

MFarmer SMS redefines market access for Ugandan farmersMFarmer SMS redefines market access for Ugandan farmers

Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures. 

IN DEPTH

NIG President speaks his mindNIG President speaks his mind

Bayo Banjo, CEO, Disc Communications and President, Nigeria Internet Group (NIG) says the proposed licensing of infrastructure companies by the Nigeria Communications Commission (NCC) will breed corruption and entrench monopolistic practices. Kokumo Goodie reports.

COMPANY NEWS

VMware announces general availability of new solutions for building, managing and protecting softwar

VMware has announced the general availability of VMware NSX 6.1, VMware vCenter Site Recovery Manager 5.8, VMware vCloud Suite 5.8, VMware vRealize Operations Insight, VMware vRealize Suite ...