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IHS Towers Set to Become Largest African Firm on Wall Street

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IHS Towers, African operator of mobile phone masts, might become the largest Africa-focused company on Wall Street if its New York listing goes ahead this week.

IHS Towers Set to Become Largest African Firm on Wall Street

The company, which is 29 per cent owned by MTN, is dialling down the hype for its second attempt at an initial public offering (IPO) as it prepares for a listing on the New York Stock Exchange.

According to Reuters, with a market value of up to $8 billion, the company appears designed to win over even the most skeptical investor.

The move is expected to unlock value for the pan-African mobile operator.

The tower company, which has a presence in Latin America, the Middle East and sub-Saharan Africa and manages towers for mobile telecom transmitters, has become stock market darlings due to its growth prospects and predictable cash flows, the report added.

The company operates 30,000 masts, of which more than half are in Nigeria.

It is offering 22.5 million shares, of which 18 million is new stock and 4.5 million are being sold by existing shareholders.

 

 

 


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MainOne Restates Commitment to Powering West Africa’s Digital Ecosystem, Repairs its Submarine Cable

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MainOne, an Equinix Company, has concluded the repair of its submarine cable following an outage which occurred on Thursday, March 14, 2024.

Working closely with regional partners, maintenance providers, vessel owners, and permitting authorities, MainOne completed the necessary repairs to its submarine cable system, thanks to the diligent efforts of all stakeholders and has resumed regular operations with the utmost integrity of its submarine cable.

During this period, MainOne provided restoration capacity and rerouted traffic on its network to minimize the impact on its customers.

Funke Opeke, the Managing Director of MainOne, expressed gratitude to all stakeholders for their support through the incidence, “We are immensely grateful for the support and collaboration of our partners, the patience of our valued customers, and the unwavering commitment of our team during this outage”.

MainOne’s resilience in the face of the recent outage demonstrates the company’s commitment to its customers and the region’s digital transformation.

 


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FG to Prioritise Satellite Technology for National Development– Keyamo

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Federal government has said that  it will fully utilise potentials of the satellite technology by harnessing its benefits to advance national development.

FG to Prioritise Satellite Technology for National Development– Keyamo

Mr Festus Keyamo, minister of Aviation and Aerospace Technology, stated this at the inauguration of the 28th Meeting of the AFI Satellite Network Management Committee (SNMC), recently in Abuja.

According to Keyamo, satellite technology offers myriad of solutions to address complex needs of the nation’s aviation sector from enhancing air traffic management systems to improving weather forecasting capabilities.

“By leveraging these capabilities; we can enhance safety, increase efficiency, and unlock new avenues for growth and prosperity. I stand before you with a deep appreciation for the transformative power of satellite technology.

“In a world that is increasingly interconnected, satellite networks serve as the backbone of modern aviation, enabling safer, more efficient and more sustainable air travel.

“The Federal Government of Nigeria has set for itself priority areas for the transformation of the nation. These priority areas are focused on improved livelihood, economic outcomes, harnessing human resources and fairer and safer playing field,” Keyamo said.

He said that aviation has been identified as an enabler of growth, considering its role as a catalyst for economic growth and security of the nation as regards its benefits.

The ministry, he said, launched an ambitious agenda to develop the aviation and aerospace sector in the country.

According to him, the ministry aims to create a safe, efficient, and sustainable aviation system that supports economic growth, job creation and national security.

“Our strategy includes – modernising our airports and air navigation infrastructure; developing a robust aviation safety and security framework, encouraging private sector investment in the sector, building a skilled workforce and promoting research and development.

“In order to achieve our goal, we have recognised the pivotal role satellite technology is to play. The ongoing AIS Automation project, that is to provide AMHS to our ATM system, relies on the VSAT network.

“Nigeria is also upgrading its multiplexers to NETPERFORMER in accordance with Conclusion 27/04 of the 27th SNMC meeting held in Accra in 2019″.

The minister said the effort was part of various projects aimed at improving safety and efficiency of aviation in the country that were highly dependent on satellite technologies.

According to him, the committee’s role is vital in promoting the development and use of satellite technology in the aviation sector to ensure safe and efficient management of satellite networks in the region.

“I urge you all to continue working together to harness the full potential of AFISNET. Let us collaborate by coming up with network concepts and topologies that will assist in achieving relevant ATM operational requirements;

“Also ensuring the continuous operation of AFISNET to meet the AFI and global CNS/ATM plans; addressing the challenges of spectrum management and interference; promoting international cooperation and knowledge sharing.

“Also by deciding on the type and level of service to be provided by the network,” he said.

Keyamo said commitment to harnessing the power of satellite networks was for convenience and a strategic imperative that underpinned collective aspirations for economic growth, social development, and global competitiveness.

He urged members of the committee to forge a cohesive and resilient satellite network ecosystem that would empower the aviation industry to soar to new heights.

 


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Global Tech OEMS Partner Konga Group for Tech Month with Huge Discount

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E-Commerce giant with reputation for integrity and trust, Konga Online, has partnered with global OEMs like Samsung, Apple, Starlink, HP, Lenovo, Hisense, Zinox, Philips, Nokia, Infinix on daily site takeover.

This means that each OEM will take over the Konga.com website with amazing deals for Nigerians every day from Monday, May 13 through May 31.

According to Mr. Abed Steven, a senior executive from a major OEM taking part in the sales extravaganza, “It is a discount shutdown and the first of its kind in the history of eCommerce in Africa.”

He adds that because Konga has capacity with their statewide network of retail locations, they are encouraged to deliver these orders on the same day nationwide.

Konga is the only E-commerce authorized shop-in-shop for Apple, Starlink, Samsung and many others including L’Oreal, the number one cosmetics company in the world.

This means you have peace of mind when you shop these products on Konga.com. Additionally, the OEMs are offering a global warranty on all of our products.

The Konga Tech Month, according to Konga’s Commercial Manager Mr. Melvin Onochie, covers everything Tech – mobile phones, computing, electronics, home and kitchen, power systems (including generator sets, inverters, solar panels, and batteries), and much more. Shoppers can purchase as many of these items as they choose.

He announced that Konga, in partnership with OEMs, shall be realizing limited edition of high value products only available on Konga.com.

Products such as 98″ Samsung TVs, iPhones, Starlink Enterprise Kits, high-end Samsung refrigerators, deep freezers, air conditioners and huge range from different manufacturers with global warranty. This is important as they are not grey market products.

He also advises shoppers to be online each day from 12midnight to take advantage of limited stock available. There shall also be an extension of free same day delivery to major cities in Nigeria.

Interestingly, Konga Tech Month goes beyond commonly known tech devices. This year’s edition expands its offerings to include a wide range of home essentials, allowing you to spruce up your living space simultaneously.

Find amazing deals on top brands like Bosch and Haier Thermocool, covering everything from kitchen appliances to home improvement essentials.

In addition to catering to individual shoppers, Konga presents a unique opportunity for entrepreneurs and business-minded individuals to explore the world of retail.

By serving as the authorized retail outlet for OEMs, Konga empowers aspiring entrepreneurs to purchase products in bulk for resale purposes.

Whether you’re looking to start your own tech retail business or add a new revenue stream to your existing ventures, Konga provides the platform and resources to kickstart your entrepreneurial journey.

Beyond the incredible tech and home essentials deals, Konga remains the trusted platform for acquiring genuine Starlink kits in Nigeria.

This innovative satellite internet service offers high-speed internet access to remote and underserved areas, a game-changer for those struggling with unreliable internet connectivity.

And the best part? During Konga Tech Month, enjoy the added convenience of free delivery of your Starlink kit to your chosen destination within Nigeria.

Konga is the preferred destination for shoppers seeking quality products and exceptional service. Discover the convenience and value of shopping with Konga and unlock a world of possibilities for personal and business success. Browse the extensive selection of discounted products online at the Konga website (https://www.konga.com/. Shop smart.


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