Category Archives: Technology

MTN Targets $1 billion from Nigeria, Ghana listing

MTN could raise a total of US$1bn when it lists on both the Nigeria and Ghana stock exchanges later this year.According to Kofi Yamoah, CEO, Ghana Stock Exchange (GSE) MTN Ghana will officially introduce 35% of its capital into the GSE by the end of Q1 2018.

Yamoah said MTN Ghana has already submitted the necessary documents for review. “We believe that at the end of the first quarter, we will see the public offering of this entity take off.”

MTN was supposed to list in 2017, but the process was delayed. The decision to list on the GSE was reached as a condition for the acquisition of a 15-year US$67m 4G license in 2015.

Ebenezer Asante, CEO of MTN Ghana, said, “It’s very clear from the license that 35% of MTN should be moved into Ghanaian hands and since we required the license we have engaged the regulators both in the NCA as well as the Central Bank and also with the Securities and Exchange Commission.”

Barclays Names Teleology Holdings New Owner of 9mobile

The sale of troubled 9mobile, the fourth largest GSM service provider in Nigeria, seems to have been completed following multiple reports in the media space.

Barclays Africa, which received bids from interested investors, is said to have chosen Teleology as their preferred buyer and has reportedly officially notified the firm, promoted by the former Chief Executive Officer of MTN, Mr Adrian Wood, to proceed with the payment of a non-refundable cash deposit of $50 million within 21 days from the date of the letter, dated February 21, 2018, or lose the bid to the reserve bidder, Smile Holdings Limited.

Samsung Set to Launch new Flagship Smartphones

Samsung Electronics will unveil its next flagship smartphones — the Galaxy S9 and Galaxy S9+ — on Sunday, after it reported record profits in recent weeks and its vice chairman was released from prison.

Samsung, the flagship subsidiary of South Korea’s biggest business group, suffered a humiliating recall of its Galaxy Note 7 device in 2016, and was then embroiled in the sprawling corruption scandal that brought down ousted president Park Guen-hye.

But its Galaxy S8 smartphone was a consumer and critical success and financially it has gone from strength to strength.

Twitter Sets Crackdown on Automated ‘bot’ Accounts

Twitter announced Wednesday a crackdown on accounts powered by software “bots” which can artificially amplify a person or cause and which have been accused of manipulating the social network during the 2016 US election.

The San Francisco messaging platform said the move was intended to rid the service of spam-spewing automated accounts, and not aimed at people using the service according to the rules.

“These changes are an important step in ensuring we stay ahead of malicious activity targeting the crucial conversations taking place on Twitter — including elections in the United States and around the world,” Twitter developer policy lead Yoel Roth said in a blog post.

Facebook Partners African Tech Agencies for Safer Internet

Social media giant, Facebook, has teamed up with its partners across Africa to provide safer internet for users on the continent.

This is part of efforts to mark the Safer Internet Day (SID) under the connected theme of ‘Create, connect and share respect: A better internet starts with you.’

Facebook announced a number of partnerships across Africa with over 20 non-governmental organisations and government agencies-with the aim of raising awareness of emerging online issues and helping to explore ways to make the Internet safer for all.

Launching a series of initiatives, including a specially created family-friendly animation, which directs viewers to the Parent Portal in the Facebook Safety Centre, parents and caregivers can access a variety of information and tips on how to discuss issues of online safety with teens, developed in partnership with safety experts from around the world.

Phase3 Telecom Says FG Not Owed N27.2b

Leading independent fibre optic infrastructure and telecommunications services provider in Nigeria, Phase3 Telecom, has denied owing Federal Government the sum of N27.2 billion ($75.5 million) as being alleged.

The firm and Alheri Engineering Limited were accused of owing government the money over the fibre optic agreement entered into with Transmission Company of Nigeria (TCN).

A statement issued by Phase3 yesterday described the claims as totally untrue and urged members of the public to disregard them.

In the statement, the company noted that despite deployment challenges, which include multi-year delays in linesmen allocation by TCN and devaluation/depreciation of the national currency; Phase3 has ensured that all undisputed payments such as total concession fee payment, royalties, and rental payment for equipment space to TCN were up to date.

5 Reasons Why Your Smartphone Slows Down Months After Purchase

Today almost everyone has an Android smartphone. These devices come with different specifications and in different sizes to suit each person’s taste.

However, after six months of heavy usage, you’ll notice a reduction in efficiency and performance .

Whatsapp Adds Payment To Its Messaging App

Whatsapp has introduced payments to its messaging app in India, making it the latest service to let users transfer money to one another with a text.

After the pilot in India, this peer-to-peer payments, would be available in Nigeria and other African countries and it will have profound effect on banks already hemorrhaging from revenue losses.