Telecom
AfricaNXT Confab Objective Aligns with NCC’s Vision of Technology-Driven Prosperity for the Continent

The Nigerian Communications Commission (NCC) has reiterated its faith in the vision of the AfricaNEXT Conference (AfricaNXT) to “co-create a prosperous future for all Africans” through collaborations, conversations and programming that are oriented in harvesting, harnessing and leveraging innovative technologies.

“The visualisations and concrete actions of the AfricaNXT conference are in congruence with NCC’s faith in the promise of technology to galvanise Nigeria’s, nay Africa’s, development. This explains our continued support and participation at the Conference which is now in its 10th Year, and we will continue to play active roles in this event which takes place in Lagos annually”.
Prof. Umar Danbatta, executive vice chairman and Chief Executive Officer (EVC/CEO) of NCC, stated this with unmistakable conviction during a chat with the Commission’s in-house media team last week, ahead of preparations by the Commission’s delegation to the Confab which will take place from 27th February to 4th March 2022.
The EVC regretted his inability to lead NCC’s delegation to the Conference because he is already slated to play a key governmental and institutional role at the Mobile World Congress (MWC) 2022, organised by GSM Association.
The Mobile World Congress, the world’s largest and most influential forum and exhibition by stakeholders in the mobile technology ecosystem, takes place in Barcelona annually in the same week AfricaNXT happens in Lagos.
Formerly known as Social Media Week Lagos, the AfricaNXT Conference is the largest assemblage of innovators from across Africa and Africa’s Diasporan communities. As a consistent programming partner of AfricaNXT, the NCC has been a regular feature of the conference and festival.
Although the COVID-19 pandemic compelled the organisers to observe a low-key, strictly virtual conference in 2021, the 2020 conference was attended by over 20,000 people (both in-person and virtually).
At the 2020 conference, NCC’s discourse overviewed the Fifth Generation technology and services, where the panelists explained 5G, which at that time, seemed like an abstract idea to many.
At the AfricaNXT 2022, the NCC will take the discourse on 5G further in a more pragmatic context in view of the progress achieved over the past two years.
The thematic focus for its panel of discussants is, “Moving Forward Steadily, Timely and with Precision: The Socio-Economic Significance of Deployment of 5G Services”.
Participants will have the opportunity to glean the benefits of 5G services to individuals, businesses, and the nation, with positive implications for the Continent as Nigeria matches steadily to become the first country in West Africa to deploy 5G technology services.
The journey to the birth of 5G services in Nigeria started in 2019. Between then and now, the Nigerian Communications Commission has been upbeat in rallying stakeholders to forge all necessary partnerships, collaborations and alliances. There have been numerous stakeholders’ consultations (including an all-inclusive, robust public hearing at the National Assembly; and a presentation to the Federal Executive Council).
The NCC also instituted a communications campaign, pivoted on public information and education, especially in the vortex of misconceptions, misinformation, disinformation and malinformation about 5G.
Following the approval by the Federal Government, a Proof of Concept trials demonstrating the possibilities of 5G took place in some cities in Nigeria.
The NCC, in collaboration with stakeholders, equally developed an Information Memorandum, which was reviewed by all stakeholders, following which a policy on 5G was instituted by the Federal Government. The policy was unveiled to the public by President Muhammadu Buhari on 25 January 2022.
Armed with an extant approval, the NCC also, had earlier conducted a globally-acclaimed auction of the 3.5GHz spectrum on 13 December 2021. The spectrum is to be used to deploy 5G services. The bid was won by two communications companies and licensees of the NCC – Mafab Communications and MTN Nigeria.
Just few days ago, Prof. Isa Ali Ibrahim Pantami, Minister of Communications and Digital Economy, officially handed to NCC the spectrum for 5G services for allocation to the winners of the bid.
At the handover ceremony, which took place at Transcorp Hilton Hotel, Abuja, on 17th February 2022, Prof. Danbatta puts the status of implementation of 5G services metaphorically and figuratively by stating that “the coast is now clear” for the launch of 5G services in Nigeria.
Therefore, having fulfilled every condition precedent to the deployment of 5G services in Nigeria, the NCC, tried-and-true, and in demonstration of commitment to its noted operational efficiency and regulatory effectiveness, is not resting on its oars in public education and information sharing.
It is the reason the Commission is leveraging AfricaNXT, a rare, seminal, and historic assemblage of practical innovators and enthusiasts of technology and development, to deepen knowledge about 5G among its ever-widening geography of stakeholders.
The NCC discourse at the AfricaNXT 2022 will take place at the FutureNow Stage, Innovation Pavilion, Landmark Event Centre, Water Corporation Drive, Off Ligali Ayorinde Street, Victoria Island, Lagos. The session will start at 2.00p.m. prompt on Thursday, March 3, 2022.
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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