Airtel Africa, a provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced the successful signing of a new $500 million loan facility with a group of relationship banks. The new committed facility consists of a combination of a revolving credit facility and term loans with tenor of up to 4 years. The facility will be used to partially refinance the Group’s €750 million denominated bond (c.$880 million) due 20 May 2021. The balance of the Euro-denominated bond will be repaid with existing Group cash to reduce gross debt and associated interest costs.…
Author: DigitalTimesNG
FIS, a financial technology company, has announced that it is expanding its payment processing capabilities into the rapidly growing markets of Nigeria, South Africa and Malaysia in continuation of its efforts at building its footprint as a global acquirer. In South Africa and Nigeria, FIS is offering domestic payment processing services through its previously announced agreement with the payments technology company, Flutterwave, a 2016 graduate of the FIS Accelerator program. Through its Worldpay product portfolio, FIS processes billions of transactions annually across 146 countries and more than 300 payments types in 126 currencies. As part of its growth strategy, FIS…
Report has shown that mobile users in Nigeria have been impacted by mobile malware during the COVID-19 pandemic. A new report by mobile technology specialist, Upstream, and its full-stack anti-fraud platform, Secure-D titled “A Pandemic On Mobile – Mobile Ad Fraud and Malware,” has revealed. Nigeria, which has low mobile internet penetration at 35 per cent, has tremendous growth potential but is also a prime target for threat actors. Insights for Nigeria come from a three-month sensor campaign that aimed to determine fraud levels in the country from November 2020 to January 2021. During the study period, 415,000 mobile transactions…
The Nigerian Communications Commission (NCC) has arrested no fewer than five suspected individuals for allegedly engaging in fraudulent registration and selling of Subscriber Identity Module (SIM) cards. The action is part of NCC’s routine enforcement activities to sanitise the industry of criminal elements according to a statement on Thursday signed by the Commission’s Director, Public Affairs, Dr. Ikechukwu Adinde. Adinde said the hitch-free operation was carried out by a joint team from the Compliance Monitoring and Enforcement Department of the Commission, operatives of the Department of State Services (DSS) and the Nigeria Security and Civil Defence Corps (NSCDC) on Tuesday,…
Africell, a mobile operator serving over 12 million subscribers throughout Africa, has signed a multi-million-dollar agreement with Aviat to provide a 5G-ready end-to-end disaggregated transmission network across multiple African countries. Aviat Networks, Inc. is a company that deals in wireless transport solutions. The new network, which will be designed, installed, and maintained by Aviat, will include Aviat WTM 4000 and WTM 4800 Multi-band point-to-point radios and CTR microwave switches, and disaggregated cell site gateways (DCSGs). The DCSGs are Edgecore Networks running IP Infusion’s OcNOS® network operating system. The deployment, which will occur in Q2 2021, is Africell’s first Telecom Infra…
Industry stakeholders in the Cloud Hosting and Data Centre services will discuss Cloud Hosting and Data Centre services at the Forum
Accenture Ventures joins Seed Round lead Susa Ventures, to invest in and expand Okra’s data infrastructure across Nigeria
As the eBusinesslife International Girls in ICT Day holds tomorrow, Thursday, April 22, 2021, more corporate organisations have come to align with the campaign geared at sensitising young girls to take up career paths that are related to ICT. The event which is slated to hold at Oriental Hotel has attracted support from MTN Nigeria, Galaxy Backbone, VDT Communications, Inq Digital, SystemSpecs and Caleb Ayanwusi Foundation. Nigeria’s telecommunication regulatory body, the Nigerian Communications Commission (NCC) has earlier taken the lead as a partner to the event. Themed: “Expand Horizons, Change Attitudes: Breaking Gender Norms in Career Choices,” the event is…
Cyber Era NG, one of the leading ICT and Digital Economy publications, has wrapped up plans to partner Tradepass, a B2B Conferences and event organizers, on two potentially industry-disrupting virtual events for the African tech community namely BYTES ’21: LIVE – Africa and 3rd Edition CyFrica: LIVE. Confirming this development, Founder and Editor-in-Chief of Cyber Era NG, (https://www.cyberera.com.ng) Clifford Agugoesi said his organization was tapped by Tradepass as Media Partners for the twin events taking into account its consistent qualitative and quantitative reportage of the ICT industry and the Digital Economy. Agugoesi said of this choice: “This is a clear…
The Nigerian lender would buy over 78% of BancABC Botswana for an undisclosed cash amount of about 1.13 times the book value plus a two-year deferred payment.