Author: Akin Naphtal

InstinctWave, an ISO-certified Africa’s premium B2B event management specialist is proud to announce the participation of one of the largest independent owners, operators, and developers of shared communications infrastructure in the world, HIS Towers as a silver sponsor of the 7th Africa Digital Economy Summit and Awards (ADESA), which will take place on Friday, 21st October 2022 in Accra, Ghana. Representing one of the world’s largest independent owners, operators and developers of shared communications infrastructure in the Africa value chain, IHS Towers as a Silver sponsor of this year’s event will be critical in driving discussions around the role of…

Leading information, communication and technology publication, TechBerg is set to unveil the Top 25 Tech Personalities who are at the forefront of digitalization in Nigeria at the sixth Tech Innovation Awards (TIA) on Saturday, September 17th in Lagos. The Tech Innovation Award (TIA) is an annual award powered by InstinctWave, publishers of Techberg magazine in partnership with the Africa Digital Economy Forum (ADEF) to celebrate excellent and innovative individuals and companies who are championing the digitization of the Nigerian economy with innovative products and services while also keeping the technology industry attractive. The Tech Innovations Awards will host innovative tech…

Nigerian blockchain payments startup Bitmama has closed out its US$2 million pre-seed funding round, which it will use to expand its operations. Launched in 2019, Bitmama provides a secured blockchain infrastructure that allows users across Africa to transact Bitcoin, Ethereum, Celo and other cryptocurrencies. Simultaneously, its payment solution Changera enables cross-border payment and remittance for businesses and individuals in Africa and globally. The startup, which currently operates in Nigeria, Ghana and Kenya, closed a US$350,000 pre-seed funding round in October of last year, and has now raised an additional US$1.65 million to bring its total round size to US$2 million.…

Safaricom has expanded its network coverage in Ethiopia, with a recent large-scale customer pilot in Bahir Dar and Adama cities. The two cities are the fourth and fifth the telco is carrying out a pilot test in after Dire Dawa, Harar and recently in Haramaya in Oromia region. The customer pilots in Bahir Dar and Adama cities is part of Safaricom’s city-by-city regional network roll-out as it intends to switch its network and services in 25 cities in Ethiopia by April 2023 even as it gears toward the national launch in October. Safaricom Ethiopia intends to achieve this by working…

Avanti Communications (“Avanti”), the leading provider of high throughput satellite capacity across EMEA, today announced a new 5-year partnership with Turkish communications satellite operator, Türksat Uydu Haberleşme Kablo TV ve İşletme A.Ş. Avanti and Turksat already have a strong working relationship dating back several years. This latest agreement is set to deliver extensive, continuous coverage across Africa and the Middle East to Avanti and Turksat customers in regions where terrestrial infrastructure is limited. The businesses will combine the capacity and coverage of Avanti’s HYLAS 4 and HYLAS 2 satellites with Turksat’s newly launched Turksat-5B satellite to provide customers with access…

Tech focused magazine, TechBerg, has unveiled Olatomiwa Williams, the Country Manager of Microsoft – Nigeria & Ghana, as its Tech personality of the week. An award-winning personality with over 20 years’ experience in Information Technology solution sales, consulting, channel and people management. Olatomiwa is currently the country manager of Microsoft in Nigeria & Ghana. She joined Microsoft in 2010 and has held several positions such as Partner Technology Manager, Dynamics Partner Sales Executive and Account Technology Strategist. Prior to her appointment as the country manager, she was the Director of Microsoft Cloud and Digital transformation Solutions Middle East and Africa…

Accelerex Holdings has announced that its Nigerian subsidiary, Global Accelerex Limited, has registered a N20bn bond program, and successfully issued a 5-year senior unsecured bond of N2.3bn via a special purpose vehicle (Accelerex Funding SPV PLC). FBN Quest Limited, Renaissance Securities Limited, Greenwich Merchant Bank Limited and Nova Bank Limited acted as Arrangers. The Bond is rated BBB+ (Stable Outlook) by Global Credit Ratings (GCR) and Bbb+ (Stable Outlook) by Agusto & Co. and is listed on the FMDQ Exchange. The issuance attracted participation from a broad array of institutional investors, including local pension funds, insurance companies and asset managers.…

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer. The relevant effective dates will be communicated in due course. Alain Nkontchou, Ecobank Group Chairman, thanked Ade for his immense contribution during his seven years at the helm of the Ecobank Group as Group CEO. He added that, “Ade can be rightly proud of his success in leading…

Africa Data Centre , the largest network of interconnected, carrier- and cloud-neutral data centre facilities in Africa, and part of the Cassava Technologies group, has taken a significant step forward in its widescale expansion into Africa (https://bit.ly/3DlgNb4) by joining forces with Nigeria’s principle internet exchange point: IXPN. “IXPN is unquestionably the leading internet exchange point in Nigeria and provides Africa Data Centre with the connectivity it needs to give customers market-leading service,” says Dr Angus Hay – Africa Data Centres group executive: IT & partnerships. “The partnership will enable Nigerian entities to migrate their systems into a world-class data centre…

Yellow Card Financial, the fastest growing cryptocurrency company on the continent, celebrates exceeding 1 million customers in only three years.  The pioneering pan-African company reached 1 million customers in March and shows no signs of slowing down. Since launching in Nigeria in 2019, Yellow Card has dedicated its efforts to providing financial inclusion and freedom for all Africans. The company expanded into four new African territories in the last year alone, increasing its total country presence to 16. John Colson, Chief Marketing Officer at Yellow Card, says this achievement no doubt strengthens the company’s brand on the continent and trust…