Nigeria’s Female-Led Startups Winning Investors in Fight to Close Cash Gap

At Nigerian snack company ReelFruit’s Lagos warehouse a woman places handfuls of dried mangoes in bags and workers hammer open coconuts to scrape out the flesh. The company is expanding production and exports after a $3 million investment. ReelFruit is part of a burgeoning group of female-founded Nigerian startups attracting investor cash as women stake […]

African e-commerce Firm Jumia Says It Is Past Peak Losses, Shares Jump

African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16 percent despite a wider quarterly loss. Jumia is an online marketplace for vendors and food sellers, with associated services including logistics and payments. […]

Africa's Leading Independent Telecommunications Services Provider, Phase3 Telecom moves onto Digital Connectivity Enterprise in Nigeria and West African Sub-region

The upgrades will cover security features, performance enhancements. agile update capacity and quality delivery mechanisms. ABUJA, Nigeria, March 10, 2022: Africa’s leading independent aerial fiber optic network infrastructure and telecommunications services provider, Phase3 Telecom, is enabling advanced digital connectivity, improved performance and enhanced network security for enterprise. This drive is targeted at cost efficient and unified […]

Nigerian Operator Globacom Signs Network Expansion Deal with Ceragon

Ceragon Networks, the global innovator and solutions provider of 5G wireless transport, announced Tuesday the signing of a deal with Globacom, the second largest operator in Nigeria, to expand its network and maintain its cutting-edge technology.   Globacom seeks to build Africa’s biggest and best telecommunications network. As such, the deal with Ceragon will increase its […]

Nigeria Lifts Twitter Ban from Midnight, Government Official Says

Nigeria will lift a ban on Twitter from midnight after the social media platform agreed to open a local office, among other agreements with authorities in the West African country, a senior government official said on Wednesday. The Nigerian government suspended Twitter on June 4 after it removed a post from President Muhammadu Buhari that […]

MTN, Mafab winners for 3.5GHz spectrum in Nigerian auction

Mafab Communications Ltd and MTN Nigeria emerged as the two successful winners of the 3.5 gigahertz (GHz) spectrum auction for the deployment of fifth generation (5G) technology to support the delivery of global broadband services in Nigeria. after 11 rounds of bidding that lasted eight hours. While the two operators qualified, earlier this month, to […]