West Africa economic news

Nigeria: Infracos set to connect 60 cities to broadband

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. […]

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Mobility device maker ZTE selects Mitsumi as distribution partner for Africa

Follow us on Twitter: @GoAfricaNetwork 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

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Senegal president asks Saudi-based IDB to help organise sukuk bond

Follow us on Twitter: @GoAfricaNetwork (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

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Research survey set to track FTTH/B penetration in Africa

Follow Us on Twitter: @GoAfricaNetwork 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

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Phase3 Telecom to link Niger to Nigeria with aerial fibre

Follow us on Twitter: @GoAfricaNetwork 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

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Cloud Lending Solutions & BDO partner to Power Non-Bank Lending Globally

Follow Us on Twitter: @GoAfricaNetwork 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

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Ivory Coast-born Thiam named new Credit Suisse chief, becomes first black CEO of European bank

Follow us on Twitter: @GoAfricaNetwork 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

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From Sudan to Senegal, Africa’s head-turning new airports…with a helping hand from Chinese friends

Follow us on Twitter: @GoAfricaNetwork 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

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Nigeria: Diamond Bank reveals mobile fingerprint feature

Follow us on Twitter: @GoAfricaNetwork 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,

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Kenya: Lapsset Gets Continent’s Full Attention After AU Backing

Follow Us on Twitter: @GoAfricaNetwork 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

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