Celltel selects local firm for Smart Cities project

06 January 2020

Accra, where the deal was signed

Accra, where the deal was signed

Ghanaian technology company Celltel Networks has appointed local finance company Ed & Co Capital as financial advisors for the US$500m Ghana Smart Cities project.

The idea is to provide an affordable nationwide Wi-Fi network in collaboration with local government institutions and other strategic and relevant government agencies in the west African nation. It is scheduled to begin in the second quarter of 2020.

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Uganda Telecom gets new administrator

06 January 2020

Sebatindira

Sebatindira

Former Uganda Law Society boss, Ruth Sebatindira, is the new administrator of Uganda Telecom.

The cash-strapped operator was originally placed in receivership in April 2017, following a dispute between the company and the country’s ministry of finance over unpaid dues, as its debts rapidly out stripped its asset base.

It is understood that at the point it was placed into receivership, Uganda Telecom had debts and liabilities of around US$245m, whilst its asset base was valued at only US$40m).

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Orange and GIZ partner to enhance digital employability of young people in Africa and the Middle East

18 December 2019

Alioune Ndiaye

Alioune Ndiaye

Orange and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have will develop the digital skills of 20,000 young people in 14 countries in Africa and the Middle East as part of a new deal.

The companies will work hand-in-hand to train young people in digital skills, improve their employability and thus help reduce unemployment.

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Financial identities for unbanked could bring in US$43bn - report

12 December 2019

The introduction of financial identities for sub-Saharan Africa's 'unbanked' population could attract an additional US$43bn to annual GDP for the region, according to a new study.

This figure equates to an average increase in GDP of US$41 per person and factors in a 17% rise in total household savings (US$31bn).

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