Madrid-headquartered Marco acquires controlling stake in Africa Communications Media Group

AFRICA – Marco, brand building and reputation management firm, has acquired a 51% stake in Africa Communications Media Group (ACG) as it broadens its geographic reach across the African continent. ACG is headquartered in Johannesburg (South Africa), with offices in Abidjan (Ivory Coast) and Nairobi (Kenya) as well as long-standing partners in Kigali (Rwanda), Harare (Zimbabwe) and Lagos (Nigeria) and additional affiliated offices in more than 40 other countries across the African continent. They work with clients including Bill & Melinda Gates Foundation, Mercedes Benz, Bloomberg and Ethiopian Airlines. ACG…

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MTN exits Yemen as it shifts focus on the African market

SOUTH AFRICA – MTN Group has announced the Group’s exit from our operation in Yemen in a transaction that furthers the delivery of our Ambition 2025 strategy and is in line with our intention – first announced in August 2020 – to exit the Middle East. Effective 17 November 2021, MTN Group transferred our majority shareholding in MTN Yemen to Emerald International Investment LCC. Emerald is a subsidiary of Zubair Investment Centre LLC, an affiliate of Zubair Corporation LLC, which is the minority shareholder in MTN Yemen. “The decision to…

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Africa Data Centres set to develop more facilities in Nairobi

KENYA – Africa Data Centres, a leading carrier-neutral co-location data centre provider, has announced it will be developing two further facilities in Nairobi. The company has begun the development of a second data centre of up to 20MW of IT load and is securing land for a third facility. This represents an investment of more than US$200 million and will double the country’s data centre capacity. This will develop Kenya as a key digital hub, providing reliable digital infrastructure needs. “Africa Data Centres currently has the leading carrier-neutral data center…

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SEACOM appoints Tejpal Bedi as MD and Regional Head of Sales for ENEA region

ENEA – SEACOM, a Pan-African telecommunications services provider, has announced the new appointment of Tejpal Bedi to the role of Managing Director (MD) and Regional Head of Sales for the ENEA region, effective from 1 November 2021. According to a statement from the firm, Tejpal Bedi joins SEACOM with a wealth of experience in leading and driving high performing organisations within the telecommunications and ICT sectors in East Africa. Before joining SEACOM, he was MD of CloudSmiths East Africa, a position he has held since 2015. Prior to this, he…

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ICT provider Benya Group and VC firm Openner launch US$50m venture capital fund

EGYPT – Benya Group, an Egypt-based digital solutions and Information and Communications Technology (ICT) provider, has signed a memorandum of understanding (MoU) with international VC firm, Openner, to launch a US$50 million venture capital fund. The group clarified that the fund is set to provide capital investments and support entrepreneurs and startups in Egypt, as well as the Arab and African markets. The MoU comes within the framework of Benya Group’s strategy to support the capabilities of young calibres as the driving force in the field of digital innovation. “We…

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Telecoms companies Paratus and MTN partner to expand their networks

NAMIBIA – Paratus, a telecommunication service provider, and MTN have signed a national roaming agreement in Namibia, the first of its kind in this Southern African nation. The integration of the two networks will see Paratus and MTN customers throughout the country benefit from better and increased national coverage. It will also allow both Paratus and MTN Namibia to expand their networks and avoid duplicating mobile coverage in certain areas of the country. The infrastructure sharing deal appears to be marking a milestone in Namibian telecommunications history, as the cooperation…

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Airtel completes sale of its Madagascar towers to Helios for US$51.7m

AFRICA – Airtel Africa has completed the sale of its telecommunications tower company in Madagascar to Helios Towers plc, an independent telecommunications infrastructure company in Africa, for the sum of US$51.7 million in gross consideration for the transaction. In a disclosure filed to the Nigerian Stock Exchange, the company noted that the proceeds from the transaction will be used to reduce group external debt and to invest in network and sales infrastructure in Madagascar. In March 201, Airtel announced its intentions to sell out its telecommunications tower companies in Madagascar…

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MTN Group to sell shares of its Nigerian unit, expands its data and digital revenue

NIGERIA – MTN Group Ltd. plans to sell shares in the carrier’s Nigeria unit worth about 101 billion naira (US$244 million), continuing a plan to dispose of assets and pay down debt. Africa’s largest mobile-phone operator will offer 575 million shares in MTN Nigeria Communications Plc, which listed in Lagos in 2019, according to a statement on Thursday. The move is part of a broader plan to sell about 14% of the parent company’s holding in its largest and most profitable unit, the group said. The Nigeria sale comes as…

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Airtel Africa, UNICEF partner to accelerate roll-out of digital learning

AFRICA – Airtel Africa, a telecommunication company and United Nations Children’s Fund (UNICEF) have announced a five-year pan-African partnership to help accelerate the roll-out of digital learning through connecting schools to the internet and ensuring free access to learning platforms across 13 countries. By providing equal access to quality digital learning, particularly for the most vulnerable children, the partnership will help to ensure that every child reaches their full potential.    Airtel Africa is the first African private sector partner to make a multimillion-dollar commitment to ‘Reimagine Education’, a global initiative…

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Vodacom taps Safaricom’s Stephen Chege for Chief External Affairs Officer role

SOUTH AFRICA – Vodacom Group has tapped Safaricom’s chief corporate affairs officer Stephen Chege as its group chief external affairs officer. The announcement was made by Safaricom Chief Executive Officer Peter Ndegwa in a memo to Safaricom staff. “Steve will take up the role at Vodacom headquarters in Johannesburg and will be responsible for group regulatory, external and corporate affairs, public policy, communication strategy, media relationships, group corporate social investment, and sustainability,” said Mr. Ndegwa in the internal announcement. Mr. Chege’s appointment will take effect in mid-November 2021 and will…

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