Telecom
Collaborations Between FG And MTN Critical in Achieving 70% Internet Penetration By 2025 – Onyinye Ikenna-Emeka

Nigeria is poised to achieve a 70 percent internet penetration in urban and rural areas by 2025 as desired by the Federal Government if tactical collaborations between the private sector and the public sector are effectively utilised.

Onyinye Ikenna-Emeka
This was stated by Onyinye Ikenna-Emeka, General Manager for Fixed Broadband at MTN, in a recent interview with Arise TV on broadband connectivity in Africa’s most populous nation.
The Federal Government’s Broadband plan further specified the kind of internet speeds expected for both urban and rural areas; 25mbps and 10mbps respectively.
Onyinye Ikenna-Emeka, noted that MTN Group’s Strategic Ambition 2025 is in close alignment with the Federal Government’s broadband targets. According to her, the technology provider’s intent is to deliver the right level of effective digital solutions to power Africa’s growth.
For Nigeria to achieve its goal of a globally recognised digital economy, Ikenna-Emeka, an internet connectivity expert, believes that the nation will require concerted efforts by the Federal Government, public and private stakeholders to boost broadband penetration. Ikenna-Emeka expresses optimism that with existing and new policies, the country is on the right path.
“When we look back at 2012 when we had just about 6 per cent internet penetration to where we are today, there is a significant improvement. As of the end of May this year, we had about 43.6 percent penetration. That is quite encouraging,” she says.
“A lot of work is still being done by the Federal Government and organisations like MTN to achieve the right levels of broadband penetration. The journey has already started and further collaborations will help us to get better.”
To improve internet connectivity in their locality, more than a dozen African countries have tested or are planning to roll out the 5G network in the next few years.
The next-gen network is predicted to contribute an additional $2.2 trillion to Africa’s economy by 2034. MTN, demonstrating its commitment to providing quality internet access to Nigerians, has laid the groundwork to provide the 5G service in several parts of the country in the coming months.
Enunciating MTN’s role as a driver of quality network across the country, Ikenna-Emeka says “Today, what is most prevalent is the fixed wireless access and that is the technology that is being adopted by all operators globally. That’s what we want to scale and accelerate in our drive to achieve broadband penetration.
“We’re very shortly going to launch the 5G technology. There is also a lot of progress we’ve made in fibre optics which is another prevalent technology. This, along with the 3G, 4G, and 5G networks will provide us with the ability to serve more market segments and more different sectors.”
The internet connectivity specialist further expounds that continued acceleration of internet access and the ability to adapt and expand on new technologies will bolster broadband connectivity that would match Nigeria’s growing population.
On the challenges of expanding internet connectivity in unconnected areas in the country, she says “Recently, we have received some legislation from the Federal Government to improve internet access in the rural or less connected states and that is critical in driving broadband penetration and connectivity.”
“One of the ways we are driving that penetration as a telco is by ensuring that we leverage on our mix of technologies. We currently have access to 3G, 4G, and coming soon, the 5G. And we are going to utilise this mix of technologies to deliver fit-for-purpose connectivity in different areas in Nigeria,” she adds.
Recently, international companies like Meta and Starlink have begun to adopt satellites in providing internet connectivity, and Africa has been encouraged to adopt similar technological measures to boost its developing digital landscape.
Ikenna-Emeka expresses belief that it speaks to the need for increased collaboration to drive penetration.
“It is quite interesting and speaks to the localisation of global trends – global digital transformation initiative. It’s a welcome development because to achieve the levels of penetration that we require, both at urban and rural levels, and to ride on the right levels of partnerships and collaborations, we will be requiring a mix of technologies. We look forward to seeing how that plays out in the future,” she says.
MTN Nigeria recently launched its home broadband services tailored to provide fast and reliable internet access in homes across Nigeria. With the imminent commercial deployment of the 5G network, Nigeria will be hoping to expand its internet penetration and connectivity to achieve its ambition of a near-perfect digital economy in the next three years.
Telecom
IFC Invests $45m to Green African Telecom Sites

Clean and reliable power for telecom networks in Ethiopia, Liberia, and Sierra Leone will be expanded following a $45 million investment by the International Finance Corporation (IFC) in IPT PowerTech.

The investment targets countries where limited power supply continues to slow digital connectivity and broader economic participation, the institution stated earlier this week.
To enable this expansion, the IFC is providing a $45 million corporate financing package consisting of an A-loan of $27 million and $18 million in blended finance.
The blended portion is sourced from the Canada-IFC Blended Climate Finance Programme and the IDA20 Private Sector Window Blended Finance Facility.
The initiative marks the IFC’s first direct infrastructure engagement in Liberia in a decade and in Sierra Leone in six years.
It will help scale solar- and battery-based power systems that reduce reliance on diesel and support greener, more resilient telecom networks.
By improving the quality and stability of power to telecom towers, the initiative will strengthen mobile coverage and ensure that households, schools, health centres, and small businesses can depend on consistent digital services, said the IFC.
The funding supports the modernisation, operation, and maintenance of 2 235 telecom sites across the three nations. More than 90% of these are located in off-grid or weak-grid locations.
With new solar and battery systems powering these sites, mobile networks will experience fewer outages and improved service quality.
Optimising the energy mix is estimated to reduce power costs for operators by up to 30% in Liberia, 26% in Sierra Leone, and 52% in Ethiopia.
This transition is also expected to cut emissions by more than 10 624 tonnes of carbon dioxide annually. Furthermore, the partnership will promote gender inclusion by expanding opportunities for women in technical, operational, and leadership roles within the sector, says the IFC.
This agreement reflects a shared vision for a greener telecom industry and empowers the company to scale its innovative energy platforms, according to Nabil Haddad, CEO of IPT PowerTech Group.
Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation, said Nathalie Kouassi-Akon, IFC regional director for West Africa and the Gulf of Guinea.
Through this partnership, the institution is supporting a scalable, private sector-led solution that enables mobile operators to reach underserved and fragile communities more sustainably, added Kouassi-Akon.
The project advances the World Bank Group and African Development Bank’s Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030.
Telecom
Expedier Launches Platform to Ease Cross-Border Payments for African Firms

Expedier has unveiled “Expedier for Business,” an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies.

Kingsley Madu
The tool centralizes payments, invoicing, payroll, and treasury into one secure dashboard, tackling challenges like fragmented systems and poor visibility that hinder international scaling.
Kingsley Madu, Co-Founder and CEO of Expedier, said: “African businesses are increasingly global… Expedier for Business was built to simplify how companies manage money across borders while maintaining visibility, control, and compliance.”
Key features include customizable dashboards for payments, invoices, and workflows; support for USD, CAD, GBP, EUR, and more; virtual cards; automated payroll/invoicing; currency swaps; and real-time tracking.
Security measures cover two-factor authentication, KYC/KYB verification, and team access controls.
As cross-border trade and remote work boom in Africa, the platform aids firms dealing with international suppliers, teams, and customers. It is now available for organizations scaling globally.
Telecom
Moniepoint Seals 78% Stake in Kenya’s Sumac Bank for East Africa Push

Nigerian fintech unicorn Moniepoint Inc. has finalised its acquisition of a 78% stake in Kenya’s Sumac Microfinance Bank, gaining a key deposit-taking licence for credit expansion in East Africa’s biggest economy.

The deal, marked by a Nairobi reception, bypasses the Central Bank of Kenya’s licence freeze, letting Moniepoint rival giants like Safaricom and Equity Group after a stalled Kopo Kopo bid.
It signals Africa’s fintech shift to licensed banking and mergers, equipping Moniepoint to roll out high-speed SME lending via Sumac’s 20-year-old infrastructure and branches.
The acquisition builds a cross-border merchant ecosystem beyond fees, integrating recent Orda buyout (cloud restaurant software) for “business-in-a-box” tools like inventory, payroll, and capital amid Kenya’s digital lending scrutiny.
Moniepoint, which hit $294 billion annualised transactions in 2025, eyes Kenya’s SMEs with Nigeria-honed retail expertise.
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