Telecom
Broadband Penetration’ll Drive Nigeria’s Economic Development- Spectranet Boss
Mr. David Venn, chief executive officer of Spectranet, affordable internet for the home and office, has identified improved broadband penetration as a catalyst for Nigeria economic development.
Mr. Venn stated this during a panel discussion with key stakeholders from the information and communication industry at the BusinessDay Broadband Summit 2017, themed, Broadband as an Enabler of Economic Growth.
The discussion, “Broadband for All by 2018”, moderated by Mrs. Funke Opeke, Chief Executive Officer, MainOne, attracted submissions from Spectranet CEO, Mr. Venn;Mr. Kamar Abass, Chief Executive Officer, Ntel; Mr. Lanre Kolade, Managing Director, Vodacom Business Nigeria; Mr. Olubayo Adekanbi, Chief Transformation Officer, MTN Nigeria’ and Mr. Tenu Awoonor, Director Strategy and Performance Management, Airtel Nigeria.
Mr. Venn said, ‘’Broadband is capable of creating more impact on people’s lives than was achieved by the rollout of mobile phones. Through broadband, you have access to all the knowledge on the Internet, can run global businesses from anywhere and can reach customers across the globe.”.
Mr Venn identified one of the key reasons why broadband was not already widely available across Nigeria. He said “if we look three to four years ahead and imagine that most towns and cities in Nigeria have broadband, then an important enabler for this would be the availability of a national fibre network connecting all places to the submarine landing stations in Lagos.”
Mr Venn called for the establishment of an independent National Fibre Backbone company, set up possibly on a similar basis as the recently licensed metropolitan Infracos.
However, he added that for such an operation to make meaningful progress, it would need to be granted powers to build the infrastructure without hindrance and fees imposed by State and other authorities.
Such a network would be a huge enabler for the rollout of broadband and would become a key asset for the nation accelerating Nigeria’s drive towards an e-economy.
Mr Venn also reflected on the deteriorating quality of service experienced by many mobile phone users and put this down to a lack of capacity due to the huge increase in data now being carried.
‘‘The industry stakeholders need to work together in terms of collaboration (regulators, government, Internet Service Providers and Telecommunication companies)”.
He suggested that Government and the NCC could take a strong leadership role to bring sanity to the sector and ensure that anti-competitive practices did not lead to customers having to suffer poor quality of service.
The Broadband Summit is organized annually by BusinessDay newspaper to highlight and tackle broadband challenges in Nigeria.
Telecom
Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

Google has launched its Search Live feature globally to over 200 countries, including Nigeria, where AI Mode is available, enabling voice-and-camera conversations in users’ preferred languages.

Powered by the new multilingual Gemini 3.1 Flash Live model, it delivers natural, real-time interactions via the Google app on Android or iOS—tap the Live icon under the Search bar.
Ideal for hands-free help, users can speak queries for audio replies, follow-ups, or web links. Camera integration adds visual context, like troubleshooting a shelving unit, or pairs with Google Lens for real-world chats.
From the app or Lens, Nigerians can now explore, learn, or solve tasks instantly, boosting everyday productivity worldwide.
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.
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