AFRITEL SET TO ENTER GHANA'S TELECOM MARKET

Telecoms

Richmond Nana Aggrey, CEO and also principal promoter of MTS First Wireless, a Nigerian-based private telecommunication service provider, has indicated his optimism at getting a share of the Ghanaian telecom market soon.

Speaking in an interview with Business Chronicle over the weekend, Nana Aggrey said a company he is promoting, Afritel Ghana Limited, already has an outstanding application with the Ministry of Communications and the National Communications Authority (NCA).

He told Business Chronicle that Afritel already has a demonstration network on the ground in Ghana but commercial operations are yet to be embarked upon due to regulatory and licensing issues. He was confident, however, that government means well when it says it wants to have indigenes participate in this strategic national infrastructure and therefore hopeful of a successful outcome.

Aggrey is famous for two things: the failure of the company he promoted MTS First Wireless to get any serious foothold in the very competitive Nigerian market and for his legal challenge to the former owners of Areeba in Ghana.

Aggrey admitted that “the management failed to meet set targets, which would have positioned the company to attract additional capital”. He said he stepped down as CEO to allow "what was to be an independent management team to take the company to the next level" but regrettably that did not happen.

The board of First Wireless accepted the resignation of the entire senior management team led by its CEO, Demola Elesho last Thursday, and appointed Chika Mbonu, former Assurance Bank of Nigeria's managing director as the head of a new management team. Other members of the resigned top management team are Chief Financial Officer (CFO), Mezuo Nwuneli; his counterpart for marketing and commercials, Uche Offodile and Chief Technology Officer (CTO), Abiodun Adeoye.

The rest of those who resigned were: Programmes Management Executive, Niyi Oladejo; Human Resources and Administrative Executive, Tosin Akinyemi and Corporate Service Executive Seni Adio.

MTS First Wireless continues to be owned by its original shareholders, including: Nana Aggrey, through MTS, Inc, Chief O. B. Lulu-Briggs, Prince E. O. Eludoyin and Lt. Gen. Mohammed I. Wushishi (rtd) who chairs the board.

It is unclear why Richmond Aggrey who has been unsuccessful in the Nigerian market will be more successful in the Ghanaian market as competition increases there.

Ghanaian Chronicle