General News
Rural Telephony, Internet Connectivity Now Critical in Nigeria- Smith
Leigh Smith is the managing director of World Telecoms Lab (WTL). Smith, an Australian with Economics degree has been based in Belgium for over 30 years and has held international positions. These positions have enabled him to gain extensive experience in Europe, the Middle East, the US and Japan. The business areas that Smith has worked are Office Equipment and Telecommications. The last and current role that he is engaged on is to successfully grow the WTL business in Africa and in particular by having the main WTL business focus now being placed on Nigeria. In this interview with peter ugwu, he spoke on the Company’s role in repositioning the country telecoms sector, while discussing other national telecoms related issues.
World Telecoms Labs (WTL)
WTL is a Belgian based company which has long been a leader in the provision of VoIP switches, pre-paid applications and signalling gateways for emerging carriers and telecom service operators. WTL has an installed base of 100,000’s of voice ports with service providers worldwide switching billions of minutes of VoIP traffic using WTL equipment.
Nigeria’s Telecom Industry Overtime
Under the control and guidance of the NCC the 4 key operators are offering voice, SMS and internet services to a large proportion of Africa’s 180 million inhabitants. This has been a massive achievement but is there still significant QOS improvements to be achieved and estimated 40 million rural dwellers still to be connected. So there is, still major infrastructure investments to be made to get the quality of all the services being offered up to a more acceptable level.
Critical Areas to Address
Specifically, WTL helps in solving key challenges with telecoms networks and businesses, so that they can deliver better, more profitable services, more efficiently and faster. Over the years, in Nigeria we have observed key challenges that need to be addressed. Today the old style TDM switching accounts for over 95% of all the switched Nigerian voice traffic where as in Europe the evolution the VoIP takeover of the TDM traffic is virtually been completed. So Nigeria still has to go through the same evolution. As WTL was one of the VoIP pioneers we are very well equipped to help accelerate the change over from TDM switching into VoIP and the WTL customers are now playing an important role in building up the confidence amongst the key operators that VoIP will allow them to manage traffic more efficiently and at a lower cost.
WTL & ICN’s 2nd Generation VoIP Switches for Voice Traffic Transfer
As was mentioned in the last point, Nigeria is still in the early stages of the transition it using IP and it is not yet evident to the consumers at this point in time. However the process needs to start and the faster the evolution comes the sooner the QOS improvements will start to be seen by the consumers.
Reducing Traffic on Congested Inter-city Links
WTL has a tried and very well tested VoIP protocol which allows the operators to send high capacity traffic over inter-city or intra-city links which requires only one tenth of the bandwidth required to carry each call compared to the transmitting the call with TDM. This is therefore one of the means which available to free up band width on congested networks but it will require the existing operators to invest and install the necessary WTL equipment to optimize the bandwidth available on the existing inter-city links.
Assessment of Mobile Number Portability (MNP)
The consumers are experiencing quality issues with all four (4) of the key operators so the consumers have not been to motivated to change from one operators just to be with another operator who has similar problems so the use of MNP has been quite limited. If one of the operators finds a way to address the QOS issues in a much more efficient way than the others then it would seem most likely that the requests for MNP could go up significantly as consumers mover offer the operator who has developed the higher quality image.
Messaging and SMS Routing Hub & Unsolicited Messages
Yes there are ways to cut the number of unsolicited messages but as the big 4 operators are all sending out daily unwanted messages to their respective client basses then I can see anything changing until they themselves start the process to cut back these messages
ISPs Benefit from WTL’s Value Added Service Product
The ISP’s already have a customer base which they are handling the internet traffic so they can look at ways to offer additional voice and value added services to their existing customers to try to generate more revenue.
Trending Data Vs Telecoms Losing Revenue on Voice Services
I think I disagree with this question as last year the estimated total revenue of the Nigerian operators was $10.0 billion and of this total $ 7.5 billion of the revenue was related to the voice traffic. It is true that the growth of data is going faster but voice is still very much the king when it comes to revenue generation and the voice traffic volume is still growing. The operators need to look at how to reduce the costs associated with carrying all the voice traffic and using WTL’s TDM to VoIP platforms is one way to achieving this.
WTL’s Technology Agenda for New Government in Nigeria
The absolutely need to give basic telephony and internet connectivity to the rural areas which the government has been talking about since I first came to Nigeria 5 years ago and very little has been done. The National Broadband Plan is very commendable but the rural areas could start to benefit from initial and basic connectivity now instead of waiting another 3 – 5 years for more expensive broadband connectivity.
Bandwidth Efficiency: WTL’s Role
As I have already explained WTL has a VoIP optimizing protocol which enables voice traffic to be transmitted using only 6Kbps (kilobytes) per call compared to 26 Kbps per call for standard VoIP calls and 64 Kbps using TDM.
Comparing Broadband in Nigeria to Other Markets
There are many different markets with a whole range of differently priced services so I find this difficult to comment on. The prices still have to reflect to very significant infrastructure investment made by the 4 key operators and the leading data infrastructure company Main One. So if the prices are on the higher side then this is due to the sizeable investment that has and is still being made.
What Should The Market Expect from WTL?
WTL will continue to strive to provide the most reliable, high performance VoIP solutions throughout the period of the market change from TDM over VoIP and we want to continue to build on our growing reputation as one of best support and maintenance organisations in the industry.
General News
Nestlé Commits to Boosting West Africa Solar Rollout Through Partnership

Renewable energy firm Daystar Power Group has expanded its installed solar capacity across West Africa through a partnership with Nestlé, bringing total deployments to 6,884 kilowatt-peak (kWp), or nearly 7 megawatts (MW), in what the company describes as one of the largest commercial and industrial solar partnerships in the region.

Four manufacturing facilities across Nestlé sites in Côte d’Ivoire, Ghana and Senegal are now operational, with installations located in Abidjan, Tema and Dakar.
Daystar Power has installed 3,447 kWp across two sites in Abidjan, Côte d’Ivoire. In Ghana, a 2,547 kWp system powers Nestlé’s Tema factory, while in Senegal an 890 kWp installation operates at the Dakar facility.
The company said each system is designed to deliver measurable environmental impact, including reduced greenhouse gas emissions and improved energy resilience.
The installations are tailored to local operational and grid conditions to ensure reliable renewable energy supply while supporting Nestlé’s net-zero ambitions and its commitment to reducing greenhouse gas emissions.
“Nearly 7MW across four Nestlé facilities is a number we are proud of, but what it represents matters more than the figure itself. It means that one of the world’s most demanding manufacturers has tested our model, trusted it, and come back. Our job now is to keep earning that across every market where industry needs energy it can count on,” said Yischai Beinisch, CEO of Daystar Power Group.
Samer Chedid, CEO of Nestlé Central and West Africa Region, said: “This investment reflects our commitment to building a business that not only grows but does so responsibly.
“By advancing solar energy projects in Ghana, Côte d’Ivoire and Senegal, we are embedding sustainability into our growth, reinforcing our role as a force for good, creating long-term value for communities and ensuring that our footprint actively contributes to a cleaner, more resilient future.”
General News
NCGC, SMEDAN Partner on MSME Financing Support

The National Credit Guarantee Company Limited (NCGC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a Memorandum of Understanding (MoU) aimed at supporting access to finance for Micro, Small and Medium Enterprises (MSMEs) in Nigeria.

The agreement was signed at the NCGC headquarters in Abuja and outlines areas of cooperation between the two agencies, including financial literacy programmes, credit guarantee support, capacity building, and other initiatives targeted at small businesses.
Speaking at the signing ceremony, NCGC Managing Director and Chief Executive Officer, Dr. Bonaventure Okhaimo, said the partnership is intended to provide a framework for expanding financing opportunities available to MSMEs.
According to him, small and medium-sized enterprises play a significant role in economic activity and employment generation across the country.
Okhaimo said NCGC has facilitated ₦32.78 billion in credit and provided over ₦13.09 billion in guarantees through its partnerships with financial institutions. He added that 1,478 businesses and entrepreneurs have benefited from the financing interventions, with 1,682 jobs reportedly created or sustained.
Also speaking, SMEDAN Director-General, Charles Odii, said the collaboration would enable the agency to connect more small businesses with available financing opportunities, particularly Nano and Micro enterprises that often face challenges accessing credit.
The two organisations said the partnership would also involve stakeholder engagement and awareness campaigns to provide information on financing options and the use of credit guarantees in lending arrangements.
The agreement forms part of ongoing efforts by both agencies to support enterprise development and improve access to financial services for small businesses across the country.
Observers say access to finance remains one of the major constraints facing Nigerian MSMEs, making collaborations between public institutions an important aspect of broader economic development initiatives.
General News
Elon Musk Loses Trillionaire Status as $500Bn Vanishes in Days

Elon Musk is no longer a trillionaire after a sharp global sell-off in technology stocks wiped an estimated $500bn (£379bn) from his personal fortune.

Elon Musk
The billionaire entrepreneur Elon Musk had recently become the first individual to reach the trillion-dollar milestone following a record-breaking listing surge for his rocket company SpaceX earlier this month.
However, shares in SpaceX have since fallen by around 30% from their peak, while Tesla was also caught in a broader technology market downturn on Tuesday, June 23.
His net worth now stands at $957.1bn, according to analysis by Bloomberg, while calculations by Forbes suggest his fortune previously peaked at $1.45tn last week.
The drop in Musk’s wealth over the past week exceeds the total fortune of Larry Page, whose estimated net worth stands at just under $297bn.
The decline comes amid two consecutive days of losses on Wall Street, with more than $89bn wiped from Tesla’s market value after its shares fell 5.8% on Tuesday. Chipmaker Nvidia also dropped 4.1% during the same session.
Traders have warned that further volatility may follow after memory-chip producer Micron Technology prepares to release its third-quarter results, amid concerns that artificial intelligence valuations may be overheating.
Investment bank Goldman Sachs cautioned that AI-linked stocks could be vulnerable if there are signs of slowing investment from major tech firms.
Ben McKeown, an investment manager at Dowgate Wealth, said Musk’s fortune remains highly exposed due to its concentration in two major holdings.
He said: “The old adage is, you concentrate to build wealth and diversify to keep it. Musk is the most extreme example of this.
Almost his entire net worth sits in Tesla and SpaceX, which have been extremely volatile, especially SpaceX as the shareholder base starts to be unlocked and becomes free to sell.”
Musk had briefly become the world’s first trillionaire on June 12 following the listing surge of SpaceX, which saw its shares jump as much as 67% in its first three days of trading after an IPO that valued the company at more than $1.8tn.
However, the stock later fell for three consecutive sessions, erasing around $928bn in market value from a peak of $2.9tn to just over $2tn, before a slight recovery.
The scale of his recent wealth decline is now considered the largest on record, surpassing his previous loss in 2022 when his fortune fell by an estimated $165bn amid a slump in Tesla shares.
Another billionaire affected by recent market turbulence is Larry Ellison, whose net worth peaked at around $400bn last September before falling to approximately $210bn following a major sell-off in Oracle shares.
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