Telecom
Lagos Tops Investment Destination List in Africa for Digital Infrastructure
This was highlighted during a panel hosted by Digital Infra Africa where industry experts deliberated on the impact of growing investment by global players in data centers on the Continent.
The session moderated by Mustapha Louni, Senior VP, Middle East, Africa and Greater India, Uptime Institute had MainOne CEO, Funke Opeke joined by Robert Mullins, CEO, Raxio Group; Jan Hnizdo, CEO, Teraco and Mike Last, Chief Marketing Officer & VP, International Business Development, WIOCC.
These market leaders noted the spate of acquisitions and new entrants within the past six months including Equinix – MainOne’s new parent company, Digital Realty , Cassava Technologies and WIOCC.
As a result, growth in investments in the Data Center market on the continent has become exponential. Such investments continue to be fuelled by the growth of broadband access and data consumption across the Continent’s large economies, of which Nigeria is the largest, and Lagos is the commercial nerve center.
MainOne CEO, Funke Opeke stated that, “When you look at the connected population and the growth potential of the numbers that remain unconnected, we see a large opportunity for growth in data consumption levels, and this is attracting global market players.
“MainOne is market leader in Lagos already and we will continue to make investments with our new parent company Equinix to remain at the forefront of the increasing digitalisation happening on the continent”.
These views are in line with recently published statistics on investments flowing into the Tech sector on the continent.
Lagos State Government has actively championed these initiatives and investments in technology by creating an enabling environment for businesses to flourish, and also by providing active support to investors in the State through its numerous programs and initiatives.
The effort is bearing fruit, as in the last one month, Lagos has attracted over One Billion dollars’ worth of committed investment from technology giants like Microsoft who opened its new African Development Centre in the State, Google who this week launched its state-of-the-art submarine internet cable in Lagos, and Equinix who recently completed its acquisition of MainOne with a $320 million deal.
To put the level of investment that Lagos would attract in the next few years into context, at the recent launch of MainOne’s MDXi Lekki II Data Center, Judith Gardiner, VP Growth and Emerging Markets at Equinix stated that, “…Amsterdam as a key hub, with a population of 1 million people has 9 Equinix Data Centers with over 106MW capacity.
“Lagos, with a population of over 20 million, has the potential to far exceed this footprint. We are committed to bringing our capital, expertise, knowledge and customers to accelerate the digital age in Nigeria”.
Equinix with a market capitalization of $68.95 billion as of April 2022 is the world’s leading Digital Infrastructure company and their presence in Lagos through MainOne will grow the digital landscape.
Placing the spotlight on the increasing role Lagos is playing in leading technology investments on the African continent was a major highlight of this year’s Digital Infra Africa event.
Telecom
MoMo PSB, LSSBI Advisory Partner for Seamless Tax Payments
MoMo PSB has announced a partnership with Leadership Strategy Sustainability Business Innovation (LSSBI) Advisory to enhance financial inclusion and streamline tax payments in Ekiti, Nasarawa, and Rivers states.
This collaboration introduces MoMo as the official payment platform for taxpayers, enabling easy and convenient payments via the USSD code *5229#.
Nigeria CommunicationsWeek report that the partnership aims to boost compliance, drive revenue development, and promote financial autonomy for marginalised communities. Key stakeholders highlighted the significance of this collaboration in closing the financial gap and promoting economic growth.
Read Also: MTN Nigeria takes full control of MoMo bank for $4.6m
With this initiative, MoMo PSB reaffirms its commitment to providing accessible and user-friendly financial services to all Nigerians, particularly the unbanked and underbanked populations.
The launch of the USSD code *5229# demonstrates MoMo PSB’s dedication to expanding financial inclusion and promoting digital payments.
Ekiti State officials lauded the partnership, commenting on the convenience of using the MoMo payment platform, while emphasising its potential to increase tax compliance and benefit local communities.
The collaboration is part of a broader initiative to empower citizens with financial autonomy, encourage saving, and promote responsible money management.
As the rollout begins in Ekiti, Rivers, and Nasarawa, MoMo PSB and LSSBI Advisory aim to expand the initiative nationwide, encouraging other states and private sector partners to explore similar collaborations, leveraging technology to improve access to financial services. This partnership marks a new era in tax payment solutions, prioritising efficiency, inclusivity, and financial empowerment for all Nigerians.
MoMo PSB, established in May 2022 as the fintech division of MTN, continues to focus on delivering user-friendly, accessible, and affordable financial services to both new and existing customers across Nigeria.
Telecom
Glo Introduces Instalment Payment Scheme for Purchase of Smartphones
Globacom has unveiled a new device acquisition scheme to enable Nigerians own smartphones and pay conveniently over several months. The scheme is dubbed: “Buy Now, Pay Small Small” and is available in Gloworld shops across the country.
The scheme aims to bridge the digital divide by enabling individuals and businesses have access to the latest smartphones and devices more conveniently. This, Globacom claims, will make customers more connected and more productive.
A press statement released by Globacom explained that it is offering flexible payment options to its customers so they can acquire devices of their choice and spread the cost of these new devices over several months through instalment payments that is manageable for them.
The scheme has a wide range of smartphones and other smart devices from top brands that customers can chose from.
This device financing is available to all new and existing Glo customers who can avail the benefits of the programme when purchasing new devices from Gloworld stores across Nigeria.
Moreover, customers can choose from various payment plans to suit their budget, with tenures of up to six months and special interest rates on all flagship devices.
Globacom said customers who purchase devices under the programme will also be given a data bonus of 18GB for six months, adding that it is focused on customer satisfaction, through ensuring a convenient system of smartphone acquisition for Nigerians.
Telecom
Here’s Your Last Chance to Secure Discounted Starlink Kits @ Konga
Starlink Week at Konga, an exceptional opportunity to acquire reliable satellite internet at a significantly discounted price, ends tomorrow, Saturday, August 31, 2024.
Nigeria CommunicationsWeek gathered that customers now have chance to secure a Starlink kit at an exceptional price and experience the transformative power of high-speed internet.
Throughout the week, Konga has been dedicated to making Starlink’s cutting-edge technology more accessible to Nigerians.
Read Also: Konga Announces Starlink Week: An Opportunity To Own High Speed Internet Kit
The e-commerce giant offered Starlink kits and accessories at reduced prices, along with perks that have made this offer hard to resist.
In addition to the unmatched prices, Konga included free nationwide delivery to ensure that customers from every corner of Nigeria benefited from this offer.
Konga also provided free same-day delivery in major cities like Lagos, Abuja, and Port Harcourt, ensuring that customers can start enjoying their Starlink experience almost immediately.
As Starlink Week draws to a close, this is the final call for those who still need to take advantage of this limited-time offer.
The discounted prices, combined with the exceptional delivery options, represent a rare opportunity to invest in a technology that has revolutionized internet accessibility across the globe.
Konga’s Starlink Week has been more than just a promotional event; it has been a gateway to connectivity, offering Nigerians a reliable solution to their internet needs.
Starlink provides the service you need to stay connected wherever you are in Nigeria.
Take advantage of this exclusive opportunity. Visit Konga.com today or walk into any of Konga’s retail stores to secure your Starlink kit before the campaign ends.
- Telecom2 days ago
Glo Introduces Instalment Payment Scheme for Purchase of Smartphones
- Uncategorized1 day ago
FG Unveils Committee to Advance Risk Management in Nigeria
- E-Financial2 days ago
FintechNGR, Africa Fintech Network Call for Enhanced Collaboration and Innovation on Cross-Border Payments and Remittances
- E-Financial2 days ago
Fidelity Bank Trains 1,276 Women in Digital and AI Skills
- Telecom2 days ago
Here’s Your Last Chance to Secure Discounted Starlink Kits @ Konga
- Telecom2 days ago
QNET Reaffirms Commitment to Adhere to Ethical Practices, Local Laws & Regulations
- News1 day ago
NERC says World Bank will Crash Solar Tariff in Nigeria
- Telecom2 days ago
NDPC Boss Inaugurates Local Organising Committee for 2025 NADPA-RADPA Conference