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Experts Recommend AMCON to Mop up Telcos Debts

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Nigerian Communications Commission (NCC) has been urged to establish an asset management company to take up the toxic debts of operators, in a bid to arrest the increasing incidence of interconnection indebtedness in the telecommunications space.

An Asset Management Company is an investment management firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives.

With the rising interconnection indebtedness which is already causing rifts among operators, people who should know said that an Asset Management Company is the only way out.

Abimbola Akeredolu, partner, Banwo and Ighodalo Legal practitioners said: “Establishment of an asset management company will solve the problem of interconnection indebtedness by buying up the debts of any telecom operator that is not able to pay or refuses to pay its debts to other interconnection partners.”

Akeredolu, stated that this option at the moment may be the best way out as it will buy up current debt and create a fresh slate to all operators and suggested that the asset management company may be employed to take over the management of defaulting operators and operate them until they become profitable and can meet their financial commitments.

Nodding in agreement, Olasupo Shashore, San, partner, Ajumogobia & Okeke said there was no alternative legal methods to debt recovery except ‘juju’ (black magic).

Aside this, he said the other alternative was to employ the services of an arbitrator to act as intermediary among the concern parties.

Interconnection indebtedness remains a major source of conflict especially in relation to interconnect charges which has resulted to bad debts, despite measures put in place by the regulator .

According to Akeredolu,  “The large volume of the interconnect debts in the Nigerian telecommunications sector is often linked to the sharp difference in revenue sharing ratios between mobile operators and other operators such as landline network owners and fixed wireless operators.”

She noted that aside from the allegations of stifling interconnectivity, the issue of the correct amount owed by telecoms operators to themselves has remained a burning topic which continues to remain largely unresolved.

“As a natural consequence of the failure to resolve the issue of the quantum of indebtedness among the telecoms operators, the level of indebtedness continues to mount and has reached a situation where industry watchers perceive a sense of danger,” she said.

According to the legal practitioner, Interconnect indebtedness in the Nigerian telecommunications sector is currently put at a modest estimate of N20 billion, adding that approximately 60% of these debts are disputed as many operators allege that the figures are inflated while they ascribe the blame to their competitors’ faulty billing systems.

Akeredolu stated that: “The determination of the Nigeria Communications Commission to mitigate the crisis of interconnect debt now plaguing the telecom industry with the licensing of Interconnect Exchanges has suffered a setback as operators refuse to sign up to them more than one year after the Exchanges were licensed.”

 


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Spacecoin Secures Licenses to Roll Out Satellite Connectivity in Nigeria, Kenya

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Spacecoin, US-based, has announced the signing of recent agreements with local authorities and operators to launch satellite connectivity pilot projects in Africa.

Spacecoin Secures Licenses to Roll Out Satellite Connectivity in Nigeria, Kenya

The initiatives, focused on Kenya and Nigeria, aim to serve areas where terrestrial networks remain limited or unavailable.

n Kenya, Spacecoin has obtained a transmission license from the Communications Authority, allowing it to test satellite-based solutions for connectivity and Internet of Things (IoT) monitoring, particularly in rural and peri-urban areas with limited internet access.

According to the Kenyan regulator, internet penetration remains below 50% of the population, despite mobile penetration exceeding 130%.

In parallel, the company is continuing operations in Nigeria under an existing license issued by the Nigerian Communications Commission (NCC).

This authorization supports initiatives aimed at delivering affordable broadband connectivity to isolated and underserved communities.

Spacecoin’s approach is based on a decentralized satellite network using nanosatellites in low Earth orbit (LEO).

Combined with blockchain-based protocols, this architecture is intended to offer more flexible and cost-effective connectivity services than traditional networks, while also enabling the integration of IoT solutions for a range of uses, from smart agriculture to infrastructure monitoring.

These projects are part of a broader strategy to help narrow Africa’s digital divide, where a significant share of the population still lacks access to reliable internet services.

Satellite technology is increasingly viewed as a complement to terrestrial infrastructure, particularly in hard-to-reach areas where deployment costs and geographic constraints remain high.

Beyond Africa, Spacecoin is also running pilot projects in Asia, working with local partners to test the viability of its model across different regulatory and geographic environments.

According to the company’s management, growing interest from regulators reflects a shift toward solutions capable of reaching populations that have long been excluded from internet access.


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AVEVA Names Khaled Salah Vice President for Africa to Drive Growth

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AVEVA, a global leader in industrial software, driving digital transformation and sustainability, today announces the appointment of Khaled Salah, 37 years old, as Vice President of Africa.

AVEVA Names Khaled Salah Vice President for Africa to Drive Growth

Khaled Salah

In this new role, he will be responsible for about 30 employees to ensure the successful implementation of AVEVA’s growth strategy. Khaled Salah will report directly to Jesus Hernandez, SVP of the EMEA region.

A 15-years + career across different industries and domains

With a MBA in management from the Warwick business school, UK, and a master’s degree in engineering from Ain Shams university in Egypt, Khaled Salah is an active advocate for driving sustainable progress in the industrial sector. With Sustainability in mind, Khaled is keen on making a positive business impact, while fostering progress for people and the planet.

He started his career at Schneider Electric, in 2013 in the global supply chain and evolved through various roles such as Europe procurement and supply chain strategy Manager, and Global Commercial strategy Director for the industrial automation business. Khaled Salah has developed a strategic understanding of all those fields.

After 12 years in Schneider Electric, Khaled joined AVEVA in 2022 to lead AVEVA and Schneider Electric global strategic partnership, across all industries managing a team of 30 people.

He has led the introduction of new AVEVA software solutions to initiate and develop significant growth areas across all Schneider Electric verticals.

Ambitious plans for AVEVA in Africa

In addition to his current role as AVEVA and Schneider Electric partnership Vice-President, Khaled now takes over the management of AVEVA’s activities in Africa.

Jesus Hernandez, SVP of the EMEA region says: “Africa is a strategic region for AVEVA. In this major industrial market, customers, world leaders in the fields of Energy, Metal & Mining, Chemicals, and Water, are looking for AVEVA’s expertise to accelerate and drive their digital transformation and sustainability strategies, as well as their energy transition projects.

“Khaled Salah’s qualities of leadership in a global environment will benefit his team spread across 12 countries including Algeria, Morocco, Egypt, Kenya, Nigeria, and South Africa.”

Motivated by the prospect of capitalizing on the talent of his team to strengthen AVEVA’s presence in Africa in the years to come, Khaled Salah says: “Helping my team realize their professional potential is close to my heart.

“We will work together to support and accelerate the digital transformation of industries in Africa, in particular through CONNECT, our industrial intelligence platform, with the support of our ecosystem of partners. »


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Google Report: Nigeria Leads Global AI Adoption in Learning, Entrepreneurship

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A Google-Ipsos report reveals Nigerians topping global AI usage at 88%, surpassing the 62% worldwide average, with sharp rises in education and business applications.

Google Report: Nigeria Leads Global AI Adoption in Learning, Entrepreneurship

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“Our Life with AI: Helpfulness in the hands of more people” shows 93% of Nigerians using AI for learning complex topics versus 74% globally, 91% for work assistance, and 80% for new ventures—nearly double the 42% global rate.

Taiwo Kola-Ogunlade, Google’s West Africa Communications Manager, stated: “Nigerians are creatively using AI to unlock opportunities for learning, growth, and economic empowerment, shaping their future with technology.”

Key findings highlight 91% viewing AI positively for learning access, 95% expecting benefits for students and educators, and strong optimism—80% excited versus 20% concerned, compared to global 53%-46% split. Frequent users show 90% excitement


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