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NCC, Operators to Crash SMS Tariffs
To engender subscribers’ effective use of the Short Messaging Services (SMS) for communications, the Nigerian communications Commission (NCC) in responding to the requests of subscribers for cost effectivetive SMS platform assembled telecoms operators to a forum last Tuesday at the Golden Gate Restaurants, Ikoyi, Lagos.
The executive vice chairman of NCC, Engineer Ernest Ndukwe had in his address emphasized that SMS served as alternative medium of communications to voice to a large number of telecoms consumers in the country and said that consumers had reacted to the SMS tariffs charge by telecoms operators on all the networks by agitating for price reduction of SMS rates.
The current SMS tariff regime on various mobile (using GSM and CDMA technology) and fixed wireless network operators as said by Ndukwe charge different tariffs off-net and on-net whereby the highest off-net tariff on mobile network is twenty naira and the lowest ten naira whereas on-net tariffs vary from fifteen to five naira.. Off-net tariffs on the other hand range between ten and twelve naira while on-net tariffs are between five and six naira.
To ensure that stakeholders and the general public are given the opportunity to express their view objectivity and to see that every aspect of the issue is considered, NCC saw the consultative forum as desirable.
Earlier, Ndukwe had underscored the SMS as becoming a viewable means of communication as it serves as an alternative to voice, consumer to consumer communications as well as for business communications saying that SMS is even adopted today by some banks in relating various information to their consumers in terms of update of account, transactions and even for sending money from one place to another.
Ndukwe also noted that SMS uses an insignificant amount of system capacity when compared to voice call and that effective use of SMS will lead to decongestion of various networks of operating companies which will ultimately lead to improvement in quality of service generally.
He said the young ones who have embraced SMS as preferred platform of communication in the country are not those who have money and means to engage in long conversations and that by the downward review of the SMS tariff, NCC wants to encourage the youths to be able to have a fairly cost effective means of engaging in communication even as he urged operators to see the review as a means of giving back to about 54millon consumers in Nigeria (in terms of connected lines) especially those who don’t have the means to make long calls.
Representatives of operating companies bared their minds on the issue and showed willingness to cooperate with NCC in the introduction of price-cap regulation for SMS services. NCC will look into the interconnect rates amongst the networks and come up soon with reasonable SMS tariff regime that will be in line with international best practices.
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EFCC
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AfDB Supports Francophone Africa Start-ups with €6.5M

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
News
Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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