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According to a report byngrguardiannews.com, Lagos as well as 60 other cities, in the North Central zone of Nigeria, are set to receive improved broadband services.

The report revealed that MainOne Cable will be in charge of the Lagos area while IHS will be focusing on the North Central states of the country and Abuja.

MainOne, which landed a submarine cable in the country, about four years ago and recently unveiled a Tier III data centre in Lagos, will provide InfraCos services to an expected 20 million people in the state. Read more

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ZTE Corporation has selected Mitsumi Distribution as its strategic distribution partner for the continent. The agreement is expected to cover Nigeria, Kenya, Zambia, Ethiopia, Tanzania, Uganda, Ghana, Democratic Republic of Congo, Rwanda, Ivory Coast, Mauritius, Namibia, Tunisia, Cameroon, Madagascar, Burundi, Zimbabwe, Botswana.

The companies have agreed to co-invest in technical support staff, sales, and market development activities to enable the adoption of ZTE’s products; including switches/routers, video conferencing, data centre, WLAN, CCTV and CPE.

By Staff Writer

The companies have agreed to co-invest in technical support staff, sales, and market development activities to enable the adoption of ZTE’s products. (Image Source: pctechmag.com)

Hong Chuangye, Marketing Director of MEA Region , ZTE said, “ZTE can leverage Mitsumi’s capabilities and strong presence in Africa to further strengthen our reach within this region. Mitsumi’s service centre, logistics and credit facilities, and market know-how give us the confidence to achieve our business objectives. We are extremely pleased with the partnership and look forward to a fruitful, long-term collaboration.”

Jagat Shah, Chairman and CEO, Mitsumi Distribution said, “Mitsumi is proud to cooperate with ZTE as its strategic distribution partner in Africa. ZTE is ranked as the top vendor for its networking and telecommunication products and will help boost our growing product portfolio. ZTE’s award winning solutions and Mitusmi’s reach of more than 3,000 resellers offers a perfect combination to target customers in this dynamic market.”

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Saudi Arabia

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(Reuters) – Senegalese President Macky Sall has asked the Saudi Arabia-based Islamic Development Bank (IDB) to help his West African country tap the Islamic finance market for a second time as it seeks to organise financing for infrastructure projects.

The arid Sahel country launched its first Islamic bond through a 100 billion CFA franc ($166 million) sukuk placement in June last year.

“I hope the IDB will help us mobilize Islamic finance, notably sukuk, to implement strategic infrastructure projects, such as a regional express train linking Dakar to the new international airport Blaise Diagne,” Sall told national television on his return from a visit to Saudi Arabia. Read more

FTTH Council Africa

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52 African countries are now connected to submarine cables, either directly or by terrestrial cross-border fibre optic networks. 44% of Africans live within a 25-km reach of a fibre node.

The key question now is which cities and suburbs are taking the lead in building access networks? In an attempt to answer this question theFTTH Council Africa, in collaboration with Africa Bandwidth Maps are undertaking research to determine network reach and identify Africa’s most connected cities.

Africa’s inventory of terrestrial transmission networks has more than doubled in the last five years. According to the latest research by Africa Bandwidth Maps, Africa’s total inventory of transmission network edges towards 1 million route kilometres, the continent had a total of 586,707-km of operational fibre optic network by December 2014. This comprises of long-haul, metropolitan and FTTH/B (fibre-to-the-home/building) terrestrial fibre optic networks. Read more

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Phase3 Telecom has revealed plans to begin the deployment of an aerial fiber optic infrastructure from Kano in Nigeria to Gazaoua in the Republic of Niger. According to Phase 3 Telecom, the network will run from Kano state through Katsina state before arriving at Gazaoua. Phase3 also revealed that the cable will be 228 km long. While no solid completion date of the project was given, Phase3 stated that the project is expected to be completed in months to come.

According to Phase3, the Republic of Niger is a landlocked country that borders seven countries; Algeria, Republic of Benin, Burkina Faso, Chad, Libya, Mali, and Nigeria. The lack of backbone infrastructure between the Republic of Niger and its neighbors leaves Niger unable to fully enjoy the broadband advantage to its fullest. Read more

Cloud Lending Solutions

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Cloud Lending Solutions, the only end-to-end lending platform built natively on salesforce.com, today announced a strategic agreement with BDO Solutions to bring the company’s non-bank online lending platform to East Africa and the Indian Ocean.

Nearly three billion individuals, entrepreneurs and small businesses worldwide are often shut out from traditional banks when trying to secure microfinance funding. The alliance with BDO Solutions offers a significant opportunity to expand Cloud Lending’s suite of software-as-a-service (SaaS) applications to microfinance institutions (MFIs). The platform includes origination, underwriting, servicing, collections and reporting capabilities bringing an efficient solution to manage loan portfolios, increase transaction volume and rapidly bring new products to developing markets. Read more

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CREDIT Suisse Group AG’s appointment of Tidjane Thiam as chief executive officer boosted shareholder expectations that the firm will shift away from investment banking toward its more profitable money management businesses.

Credit Suisse shares gained 7% on the appointment. Thiam joins from Prudential Plc, whose stock has more than tripled during his tenure as CEO.

Thiam will become the first black chief executive officer of a European bank, and the Ivory Coast-born executive will also be the only black CEO running one of Switzerland’s biggest publicly traded companies.

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EVEN though Africa accounts for about 15% of the world’s human population, its air traffic handles only 2.85% of air passengers. It is also home to only two airports which feature in the top 150 worldwide airports for highest annual passengers handled: Johannesburg’s OR Tambo and Cairo International, at two opposite sides of the continent leaving a lot of empty space.

By any means, there is plenty of room for new developments, not merely for the expansion of old ones. Indeed, when looking closely at Africa’s air traffic future, there appears to be several new airport projects and a few new routes gaining strategic significance. Read more

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Follow us on TiowtterDiamond Bank has revealed the launch of a fingerprint recognition feature, which has been incorporated within the Diamond Mobile app. The new service has been incorporated utilising the iOS Touch ID feature, and allows users of the app to log into their account’s.

Ayona Trimnell, Divisional Head, Corporate Communications of the Bank stated that: “We are pleased to announce the launch of the Touch ID feature on the Diamond Mobile app. This means that Diamond Mobile app users that have iOS devices can now login to their accounts with just their fingerprints as an alternative to entering a User ID and Password.”

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Nairobi — The Lamu Port Southern Sudan-Ethiopia Transport (LAPSSET) Corridor Project status has moved a notch higher after admission as a Presidential Infrastructure Champion Initiative (PICI) project under the African Union (AU) Commission.

The project will now enjoy the attention of the Heads of State from seven African countries on New Partnership for Africa’s Development (NEPAD) and Government Orientation Committee (HSGOC), required to account on progress and bottlenecks after every six months.

The Vision 2030 transport infrastructural project joins other 51 projects identified for development by 2040, touted to enable improved interconnection and integration while bridging the continent’s extensive infrastructure gap. Read more