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Gwandu Urges Ethiopia to Learn from Nigeria’s Telecom Deregulation
Dr. Bashir Gwandu, non-executive chair of the Commonwealth ITU Group (CIG) and the former commissioner of the Nigerian Communications Commission (NCC), has advised Ethiopia to learn from Nigeria as it moves ahead to liberalize its telecommunications industry for private sector investment.
Dr. Gwandu stated this while delivering his lead keynote speech at the opening of the Innovation Africa Digital Summit (IAD) 2019 in Addis Ababa last week graced by telecoms executives and governments from Africa and around the world.
Senior executives from Vodacom Group, MTN Group, Etisalat, Safaricom, France Orange, Vodafone, ZTE, Huawei, Ericsson, Cisco, Airbus, Helios Towers, OneWeb, Mastercard, Intelsat, Thuraya, IBM, IFC, and several others attended the summit which also attracted Ministers from Africa, most especially the West and East Africa sub-regions.
The summit was opened by Ethiopian Prime Minister Abiy Ahmed accompanied by some of his Ministers. It was anchored by Extensia of the UK -co-organiser of the IAD Summit. The period of the conference coincided with the time a proclamation is being tabled before the Ethiopian Parliament for debate and consideration to liberalise the country’s telecom sector.
According to Reuters, Ethiopia’s telecoms market is considered to be ‘the big price’ and the last greenfield site in a push to liberalise, and end a state monopoly as well as open-up one of the world’s last major closed telecoms markets.
In his speech at the conference, Dr. Gwandu dissected the telecoms market privatisation and liberalisation processes breaking the issues logically from the point of producing succinct legal frameworks for both the privatisation, and that of the telecoms regulation, right down to the market design and to the choices available to the government when it comes to competition planning up to the spectrum management and eventually service providers regulation.
He stated the need for strong and good regulatory framework, encompassing sensible set of rules that encourages investment and protects the consumer and requiring, effective, professionally competent and sufficiently empowered as well as sufficiently financed regulatory institution.
He emphasize that “Good enable laws are not just sufficient but government support must be total and not half-hearted, coupled with adequate funding that would attract good manpower to the regulator.”
Dr. Gwandu, a former acting executive vice chairman at NCC opined that government role should be restricted to policy formulation whilst a strong, independent regulatory authority should provide stable, transparent, fair, and non-discriminatory access to telecommunications resources in a timely manner.
He said the legal framework apart from guaranteeing independence of the regulator, must enable flexibility of the regulator whist remaining predictable, efficient, effective and accountable. “It should be the role of the regulator to ensure the existence of competition in all segments of the market devoid of market abuse or the exercise of significant market power by the participants” he said.
Gwandu emphasized that, “Liberalization of telecom market is essential for rapid network growth as experienced by other countries and private sector participation is essential for attracting investment. Innovation and new technologies in the telecoms sector is fast moving, it cannot wait for slow government bureaucracy to be approving investment funding and yet compete effectively.”
Bashir Gwandu stated that in looking holistically at the telecoms market, international segment should be examined where the complimentary options of international optical fibre and satellite links can be made available in a competitive manner.
According to him, international gateway liberalization and national backbone planning should ensure ubiquitous availability, open access, and finally on the last mile the spectrum remains key in view of the lack of sufficient last-mile fixed infrastructure.
He further stated that “Mobile is the largest technology platform in human history and mobile broadband is the most dynamic segment of the last mile market. Spectrum is a critical resource for mobile broadband but is only valuable if it is effectively deployed to enable appropriate networks and services for socio-economic benefits to citizens.”
Gwandu emphasised further that as wired infrastructure is limited in Africa except perhaps in South Africa, it is expensive to install. Wireless technology on the other hand is easier and faster to deploy and remains critical to expanding broadband access, and spectrum access is critical for wireless broadband deployment, and capacity.
“Robust wireless broadband requires various bands and appropriate slots size for assignment, the slot size determines how many towers an operator will need to cover the area, or re-use pattern or indeed how soon break-even will happen, how sustainable or profitable the telco will be etc” he said. He cited the mistake made by Nigeria in providing just over three megahertz (MHz) to Code Division Mobile Access (CDMA) operators and expected them to perform.
At the international level, he encourage Ethiopia to participate actively in the International Telecommunications Union (ITU) and African Telecommunications Union (ATU) activities to enhance regulatory harmonisation, thereby promoting economies of scale and enhancing cooperation on roaming, interoperability, Internet exchange points, and development of backhaul infrastructure.
He posited that Ethiopia should align spectrum release and technology neutrality roadmap to enable flexibility in investment, and in spectrum auction process, he advised the government to set objectives properly and to balance pricing of spectrum with rollout obligations.
“For rapid expansion of networks, Ethiopian government which controls land across the country should streamlined approval for Right of Way (RoW) and site acquisition, and to make the process a simple and one-stop shop activity” he admonished.
He also stated that tax holiday has proven to be useful in some markets but even more importantly, multiplicity of sector specific taxes should be avoided and that the multiplier effect of deferred-taxation will lead to more tax revenue from the sectors that are supported by the telecoms.
Furthermore, Gwandu stated that competition planning should be examined carefully so that resulting companies should remain sustainable –and in selling spectrum, the regulator should ensure appropriate sizes, and also not to sell out all available spectrum at once, which will reduce chances of corrective measures in respect of future competition corrective-intervention.
The Ethiopian government thought it wise to invite telecoms experts from around the world, potential Investors and other market players to partake in the unique forum that examined the best practices that the country can learn from, in its quest to restructure and open its telecoms market for foreign participation.
The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.
In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.
It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.
The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.
In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.
“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.
“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.
“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”
Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.
“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.
17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.
Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).
Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.
“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.
She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,
Learning through experience
Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.
Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.
Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.
Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.
World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.
The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.
The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.
Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.
Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.
The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.
It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.
Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.
He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.
According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.
“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.
“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”
The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.
He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.
Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.
“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.
“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.
“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.
The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.
All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.
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