News
2.3 GHz, Nitel/Mtel Muddles Killing Telecom
The fast paced growth that greeted the initial telecom revolution in Nigeria is slowing down and it is disheartening.
Like everything Nigeria, the country is allowing opportunities that come on a platter of gold disappear because of self interest and greed.
It is also shocking that the reasons for the slow growth are feeble.
Look at the odious government intervention that halted the 2.3 GHz licensing round; and the claims and counter charges that greeted the privatization of Nitel/Mtel, the premier national carrier.
These events took the shine off the industry pushing investors to sit on the fence and watch with cautious optimism as Nigeria smears her feces on self.
The 2.3GHz frequency band licensing round is a clear case of executive recklessness and some degree of arrogance.
Where two elephants fight, it is the grass that bears the brunt. In this case as minister of information and communications and the former executive vice chairman of the Nigeria Communications Commission (NCC) threw their weights around, the country lost ground and is yet to recover.
It would be recalled that in 2009, the Nigerian Communications Commission cleared four companies to receive spectrum in the 2.3GHz frequency range out of the 41 applications it received.
The process was entangled in controversy at the close of the bid when three companies: Mobitel Limited, Spectranet and Galaxy Wireless were said to have met the obligations and later NCC claimed that Galaxy Wireless did not pay up as at when due and allegedly attempted to replace them with Multilinks-Telkom.
It will be recalled that government cancelled the licences citing improper bidding and auctioning process and ordered a fresh sale but the determined Mobitel pressed its case and got its license.
Apart from Mobitel which got the nod to roll out on 2.3 GHz (the robust next generation technology), three more licenses are still in the freezer.
Also in the freezer is Nigeria’s chance to harness the technology touted as very important in the race leading up to broadband revolution because it helps operators provide mobile WiMAX services that are potentially much more transformative than any lone technological item.
As the uncertainty over the licenses lingers, stakeholders are asking if one man or group can hold down a country of more than 140 million people.
In the short term, Nigeria is thought to be losing over $2billion in fresh investment and chance to make broadband affordable and enhanced.
Broadband revolution is about a huge increase in the range of services that can be offered via the internet and digital television. It promises a new age in entertainment and communications, as well as a major boost for e-commerce.
Elsewhere, the continued inactivity at Nitel/Mtel has seen customers leave operator in their droves, due to poor network quality, with several service outages.
It is now doubtful if carrier can regain the ground that it has lost to its larger rivals.
Attempts to rejig the company with the recent privatization which saw New Generations Telecommunications Consortium emerging the winner with $2.5billion offer for Nitel/Mtel has been embroiled in controversy.
It is shocking that government is still hesitant to accept the sum for a carrier said to be worthless.
The sale to New Generation Consortium was the fifth on the long and tortuous journey to privatize the national carrier.
The rational thing to do would been to grant the consortium nod and wait and see if they would not meet their offer.
Coupled with the seeming lethargy in the auctioning of the remaining 2.3 GHz licenses, it appears Nigeria may sit at outskirt of the burgeoning broadband revolution.
The only way to avoid that is to ensure that every operator which is entitled to any license gets it.
The federal government should be mindful of sending wrong signals to foreign investors with its reckless policy somersault and reversals.
At least in the interest of the masses which the government claims to represent, telecom should be allowed to ‘cheetah pole-vault’ the economy.
If this is done Nigeria stands to gain from broadband revolution said to be of the same magnitude as the industrial revolution of the 1800s.
It is touted with the ability to speed up education, human resource development, as well as research and development.

News
Truecaller Unveils Brand Identity Features to Curb Fraud
Truecaller has announced a corporate rebranding and launch of a brand new app icon that will be instantly recognisable on the Google Play Store and Apple App Store. The taming of the new brand identity aligns with a significant transformation taking place in the digital space. At the heart of this rebranding is Truecaller’s renewed sense of purpose, energy and enthusiasm.
Commenting on the announcement, Alan Mamedi, Co- founder and CEO, Truecaller said, “We are excited to unveil our new brand identity and logo. It signifies our continued commitment to our users and our focus to constantly evolve and improve, every day.”
“Our mission, to protect communication for all, is what guides us to develop new anti-fraud solutions like Search Context and engineer improvements to improve user privacy,” he added.
As part of this refreshed identity, Truecaller users also get a powerful new anti-fraud feature called Search Context, as a part of the Truecaller AI Identity engine.
While looking at the search results for any number, Truecaller users will be instantly notified if the name for the number has been recently changed or is being changed frequently.
The app also classifies this contextual message into three colour categories: blue, for a neutral change, yellow, which indicates a potentially suspicious name change and finally red, indicating multiple and frequent name changes which are highly indicative of fraudulent and scammer activity.
This message will be shown to all Truecaller users on all search results across Android, iPhone and Truecaller web.
News
Yemi Cardoso Assumes Duty as Acting CBN Governor
Dr Olayemi Cardoso, on Friday, formally assumed duty as the acting Governor of the Central Bank of Nigeria (CBN).
According to a statement by Isa AbdulMumin, CBN’s Director, Corporate Communications, Cardoso’s resumption in acting capacity is pending his confirmation by the Senate.
“This follows the resignation of Mr. Godwin Emefiele as Governor of the CBN,
“Similarly, the Deputy-Governors-designate have also assumed duty, in acting capacities.
“This is sequel to the formal resignation of Mr Folashodun Shonubi, Mrs Aishah Ahmad, Mr Edward Adamu and Dr Kingsley Obiora as deputy governors.
“Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja,” AbdulMumin said.
He said that they had since settled down to the task of administering monetary and financial sector policies of the Federal Government.
The News Agency of Nigeria (NAN) reports that Cardoso was nominated by President Bola Tinubu as CBN governor on Sept. 15.
Tinubu also nominated Emem Usoro, Abdullahi Dattijo, Philip Ikeazor and Bala Bello as deputy governors
News
12 African Start-ups Emerged for Flapmax AI Innovation
Flapmax has selected 12 startups for the second cohort of its FAST Accelerator start-up programme, which was formed in collaboration with Microsoft.
Starting in October, the FAST Accelerator’s cohort of 12 startups will embark on a five-week comprehensive acceleration programme in Silicon Valley, California.
The programme received over 1,200 applications from 35 African countries in Africa. Applicants represented a diverse range of cloud-based products and services that serve businesses across Africa, and which use AI to promote innovation, improve efficiency, and address crucial challenges in their respective fields.
The top performers in the 2023 cohort, and those that will travel to Silicon Valley, are: Zeeh Africa, Sumundi, Cotrust Equity, Trucki, Orange VFX, 10mg Pharma, Wallx, Moosbu, KCG Aquatec Fish Farming, Aibanc, Zendawa Africa, and Greenbii.
The cohort will collaborate closely with Intel and Microsoft on co-innovation projects, as well as receive sales and marketing assistance and go-to-market enablement to increase their audience reach.
Flapmax will also help the start-ups to apply optimised large language models, as well as scale and fine-tune these models on Microsoft Azure and Intel platforms.
Dr. Dave Ojika, founder and CEO, Flapmax, said: “Our goal is to use AI as a catalyst to enable startups and marginalised entrepreneurs to rapidly and sustainably develop their businesses and create new job opportunities.”
“Microsoft believes that African start-ups and SMEs are well-positioned to become a bedrock for the African digital economy, with relevant solutions to local societal and economic challenges,” said Mame-Fatou Gueye, SME programme manager, Microsoft Africa Transformation Office.
“Participation in the FAST Accelerator programme will help these entrepreneurs capture growth opportunities and expand their market reach,” she added.
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