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IFC Invests in Convergence Partners’ Fund to Boost Digital Access in Africa

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To help strengthen broadband infrastructure and improve online access to digital services for individuals and businesses in more than 12 countries in sub-Saharan Africa, IFC announced that it invested in a new fund by Convergence Partners Africa, an investment management firm focused on the technology, media and telecom sectors in Africa.

The COVID-19 pandemic has accelerated the adoption of digital technologies and the demand for digital infrastructure which are helping connect businesses with customers and suppliers, creating new channels to access health and education services, and enabling entrepreneurs. However, it has also exposed the digital divide in Africa.

IFC’s equity investment of $25 million in Convergence Partners’ Digital Infrastructure Fund will promote improved digital connectivity and access to digital services by investing in independent operators and service providers in sub-Saharan Africa. The fund has a target size of $250 million. IFC invested in Convergence Partners’ previous fund, Convergence Partners Communication Infrastructure Fund.

Investments made through the Digital Infrastructure Fund will support critical digital infrastructure companies and projects including broadband networks, fibre cable systems, mobile towers, digital service provider platforms and data centers, adding new connectivity and data center capacity in many countries in Africa where such infrastructure is currently limited.

“We are very pleased to extend our relationship further with IFC, who were also investors in our last fund and co-investors with us in underlying portfolio companies. We share a joint ambition to invest in those businesses on the African continent that are contributing meaningfully towards addressing the digital inclusion gap that exists.

“Africa is ready for high throughput pervasive fibre networks, independent hyperscale data centers, edge, AI, 5G and IoT. Connectivity is at the foundation of 4IR. Our new Digital Infrastructure Fund is the platform for building Digital Africa for future generations,” said Andile Ngcaba, Chairman of Convergence Partners.

Internet access in Africa relies largely on mobile networks. Mobile broadband penetration stands at only about 34 percent and fixed broadband at less than five percent across most of sub-Saharan Africa, excluding South Africa.

Africa also experiences a large urban and rural connectivity divide, with 28 percent of urban households having access to the Internet compared to only six percent in rural areas, according to the International Telecommunications Union.

“Increased broadband connectivity supports economic growth, job creation, and quality of life. Together, we can help connect more homes and businesses in Africa by supporting funds such as the Convergence Partners Digital Infrastructure Fund to bridge the $100 billion digital infrastructure financing gap to reach universal connectivity by 2030,” said Makhtar Diop, IFC’s Managing Director.


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Anambra ICT Agency Celebrates GOVTECH Awards, Applauds Soludo’s Digital Vision

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Chukwuemeka Fred Agbata, CFA, md/ceo of the Anambra State ICT Agency, has extolled Governor Charles Chukwuma Soludo, CFR, for his unwavering commitment to technology adoption in Anambra State, a vision that has positioned the state as a shining example of digital governance in Nigeria.

This recognition follows Anambra’s outstanding performance at the Nigeria GOVTECH Gala & Awards 2025, where the state clinched two prestigious honours at the Presidential Banquet Hall, Abuja.

The Anambra State Ministry of Budget and Economic Planning emerged as Best State MDA in Technology-Driven Governance, while the Anambra State Bureau of Public Procurement received the Excellence in Digital Public Procurement Award.

The Commissioner for Budget and Economic Planning, Chiamaka Nnake, and the DG of BPP, Okechukwu Ezeobi, also received Trailblazer Awards for exemplary leadership.

Speaking on the win, CFA commended his colleagues for working closely with the Agency to deepen technology adoption, and reaffirmed the ICT Agency’s commitment to powering the digital infrastructure that supports efficient and transparent government operations in line with Governor Soludo’s “Everything Technology, Technology Everywhere” mantra.

“These awards underscore what is possible when agencies work together with a shared vision,” CFA said. “The ICT Agency is proud to support and enable the digital systems that make such milestones possible.”

He further pledged that the Agency would sustain the momentum by expanding digital integration across government processes, ensuring that Anambra remains at the forefront of e-governance innovation in Nigeria and beyond.


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IHS Closes Deal to Sell Rwanda Operations

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IHS Holding Limited (IHS Towers), an independent tower company, has completed the sale of 100% of Rwanda operations to Paradigm Tower Ventures.

First announced in May, the deal is worth $274.5 million, representing a transaction multiple of 8.3x adjusted EBITDA after leases, and includes about 1,465 sites.

According to IHS Towers, the sale of the company’s Rwanda operations is part of its strategic initiatives targeted at shareholder value-creation options following over ten years of commercial success in the East African country.

The acquisition IHS Rwanda will mark the first investment by Paradigm’s new Sub-Saharan African tower platform, whose focus is on the growth of new build shared wireless infrastructure across the region.

Paradigm is backed by a consortium of equity and debt finance providers, including Convergence Partners and Rand Merchant Bank, a division of FirstRand Bank Limited, who acted as mandated lead arranger, sole funder and financial advisor.

Stephen Harris, co-founder and chairman of Paradigm previously commented: “Rwanda represents an exciting market with high demand for shared wireless infrastructure. The Paradigm team is very much looking forward to building a strong customer focused business, providing high quality and secure infrastructure to mobile network operators.”

 


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NCC Launches DMS to Block Fake, Stolen Phones from Mobile Networks

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Nigerian Communications Commission (NCC) has announced the implementation of a Device Management System (DMS) designed to block fake, cloned, and stolen phones from accessing Nigeria’s mobile networks.

NCC Launches DMS to Block Fake, Stolen Phones from Mobile Networks

The system, which has been in development for nearly a decade, will track mobile devices through their International Mobile Equipment Identity (IMEI) numbers across the country’s telecommunications networks.

The initiative follows Nigeria’s recent nationwide migration to the NINAuth digital ID verification platform, demonstrating the country’s commitment to modernizing its telecommunications infrastructure.

Operating through a Public-Private Partnership (PPP) framework, the DMS marks a significant step in regulating Nigeria’s telecommunications device market.

The initiative addresses the prevalent issue of counterfeit and unregistered phones in the country, where estimates indicate that up to 40 percent of mobile devices and tech gadgets are fake or substandard.

The challenge mirrors similar issues faced by other African nations, such as Uganda, which recently launched its own “Simu Klear” system to address counterfeit devices.

According to the NCC, the implementation will proceed gradually to minimize disruption to legitimate users. “Substandard and fake devices can be prevented from connecting to the networks due to the harmful impact these devices have on the quality of services and online safety of the users,” the Commission stated.

The IMEI-based tracking system builds on successful implementations in other regions, where similar technology has been used to recover lost and stolen devices.

The widespread presence of counterfeit devices in Nigeria has been attributed to various economic factors, including inflation, unemployment, and reduced purchasing power, which have led consumers to seek cheaper alternatives despite associated safety and security risks.

The risks include potential exposure to malware and security vulnerabilities, similar to recent incidents where banking trojans have targeted Android users through counterfeit applications.

Dr. Aminu Maida, executive vice chairman, NCC, has made the DMS initiative a key part of his broader regulatory agenda, which emphasizes protecting telecom assets and improving network quality.

The system supports the Commission’s focus on transparency, accountability, and infrastructure protection in Nigeria’s telecommunications sector, which serves over 200 million people.

The effort complements other recent security initiatives in the country, including PalmPay’s multi-layered security strategy to combat digital payment fraud.

The DMS implementation features several key components, including IMEI-based device identification and blocking capabilities, integration with existing network infrastructure, and coordination between public and private sector stakeholders to ensure effective enforcement.

The comprehensive approach reflects the growing importance of mobile device security in an era where authentication methods are rapidly evolving to counter sophisticated cyber threats.


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