Issue no 398

Top Story

SAT3 to get a competitor – Infinity set to finalise $865 million financing

In the coming week the Infinity Worldwide Telecom Group of Companies (IWTGC) looks set to finalise the funding of its first phase build for its international fibre route from Portugal to South Africa along the west coast of the continent. Once built, it will be the first independently operated competitor for the incumbent monopoly-controlled SAT3 cable. Russell Southwood looks at what’s involved. A West African bank, a leading institutional investment advisor and European institutional investment advisors are all in the final stages of agreeing an investment package that will come up with the funding for the first stage of the…

Telecoms

Safaricom IPO goes ahead with shares at US8.2 cents

The Safaricom IPO gives both local and international shareholders the opportunity to own a part of one of the region’s most profitable companies. Priced at Sh5 (US8.2 cents) per share,…


Telecoms

Econet increases investment to US$300 million for Network Roll-Out in Kenya as talks on infrastructure sharing stall

Econet Wireless has set aside $300 million to secure its position as the third mobile phone service provider in Kenya, a top company official has said. Phillip Mudimu, the chief…


Telecoms

South Africa’s Universal Service Agency to offer big players subsidy to take voice and data to most rural areas

A novel idea to take voice and data services to the most rural areas could see Vodacom and MTN paid subsidies to do the job. The operators have to promise…


Telecoms

German Company enters the Cellphone Repair business in East Africa

Mobile solution company Combase has established its East African headquarters in Nairobi, hoping to tap into the under-served mobile repairs and maintenance industry. The German-based company, which has already invested…


Telecoms

Telecoms News - In Brief

- Saudi telecoms investor HITS Africa is set to become Equatorial Guinea’s second national telecoms operator (SNO), after being selected to establish a converged fixed, mobile and data network across…


Internet

South Africa hits 1 Million broadband users

South Africa has surpassed the 1 Million broadband subscriber mark. South Africa now has more than 1 Million broadband connections, made up mainly of ADSL and HSDPA subscribers. Telkom currently…


Internet

Entertainment is Kenyans' Main Activity Online

Internet use is rising steadily in Kenya with entertainment as the leading driver of the growth, a new report indicates. The report by AccessKenya, a technology company, says that while…


Internet

Google country manager reveals plans for South African market

Internet marketing specialist Intoweb Marketing recently hosted a successful event on search engine marketing at The Innovation Hub's Conference Venue. Supported by Google South Africa, the event featured a keynote…


Internet

Internet News - In Brief

- A consortium comprising France Telecom, Mauritius Telecom and Orange Madagascar has announced plans to install a submarine fibre-optic cable which will provide the Indian Ocean island of Madagascar with…


Computing

Electronic Trading to Take Off soon in Uganda

Uganda’s Capital Market Authority has expressed optimism that the Central Depositary System which is a computerised system of conducting trading on the stock exchange will be operational before the end…


Computing

PC Sharing Gains Momentum in Kenyan offices

Several years back, it was a privilege for employees to have their own computer in their work stations. Unfortunately most of them did not know how to fully make use…


Computing

Computer Aid International Seeks Partnerships in Uganda

UK charity Computer Aid International is looking for new distribution partners in Uganda. The hunt for new partners is driven by the ambition to build technical capacity in efforts aimed…


Computing

Computer News - In Brief

- Ingram Micro South Africa has announced the signing of a distribution agreement with Microsoft South Africa, which sees the company gaining official OEM distribution status for the vendor's client…


Telecoms, Rates, Offers and Coverage

Telecoms, Rates, Offers and Coverage

- Telecel Zimbabwe has introduced a new system that allows instant airtime transfers among subscribers. NetOne, the other network provider in the country, is yet to introduce the method. -…


Mergers, Acquisitions and Financial Results

Private Investors Sign Up for Stake in TEAMS cable project in Kenya

The TEAMS shareholder stakes were announced publicly this week. The new shareholder agreement leaves Safaricom and the Government of Kenya as the anchor shareholders with a 20 per cent stake…


Mergers, Acquisitions and Financial Results

Zinox to Acquire Three Local Firms in Nigeria

Shareholders of Zinox Technologies are injecting a total of 3.5 billion naira into the computer firm in a bid to take it to the next level as the number one…


Mergers, Acquisitions and Financial Results

Vodacom South Africa gets takeover nod for Global Telematics and Glocell deals

Vodacom has won approval to acquire two small companies that distribute its airtime, despite initially being given a mauling by the Competition Tribunal for allegedly lying in its evidence. The…


Mergers, Acquisitions and Financial Results

Telkom Kenya Still Needs Million From Shareholders to Stem Cashflow Problems

Continued Government funding for the newly privatised Telkom Kenya has stirred up controversy locally in a report in the East African. The company is expected to get a payment of…


Mergers, Acquisitions and Financial Results

On The Money - In Brief

- Nigeria’s Bureau of Public Enterprises (BPE) has concluded arrangements for the advertisement of Expressions of Interest (EoI) for the appointment of privatisation advisers for the commencement of the privatisation…


Digital Content

Web2.0 technology to help the Truth and Reconciliation Commission in Liberia

Created in collaboration with Georgia Tech in Atlanta, Georgia, the interactive site is the first of its kind for a truth commission. Its creators hope it will play a key…


Digital Content

Mobile marketing Innovations will drive Etisalat Nigeria’s 3G offer

Farmed out License Holder, Etisalat Nigeria sure understands how to engage the subscribers in the 3G Era. During the launch of the Network last week in Lagos, the company spokesperson…


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People

* Carel Potgieter, COO and executive director on GijimaAst's board, has resigned with immediate effect.


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Events

* THE AFRICAN BANKING TECHNOLOGY CONFERENCE – “New dates” 28th March – 4th April 2008, Kenyatta International Conference Centre, Nairobi, Kenya The conference theme is “sharing knowledge and best practices…


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Jobs and Opportunities

* e-Community Building Coordinator http://www.sangonet.org.za info@sangonet.org.za


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Contracts

* MTN and Cambridge Broadband Networks - Nigeria MTN Nigeria has awarded a significant contract that will deploy its VectaStar microwave backhaul product in the country to Cambridge Broadband Networks.…