2023-09-03 10:18:00
(Agence Ecofin) – Every weekend, the editorial staff of the Agence Ecofin offers you the main news that has marked the telecommunications sector in Africa over the past week.
ICT contributed 19.54% to Nigeria’s real GDP in Q2 2023
According to the latest data from the National Bureau of Statistics (NBS), the ICT sector contributed 19.54% to Nigeria’s real GDP in the 2nd quarter of 2023. In the previous quarter, the sector contributed 17.47%. % to the real GDP of the country.
Cameroon: MTN announces an investment of $225 million over the next three years
MTN Group has announced that it plans to invest approximately USD 225 million in its Cameroon operations over the next three years. MTN’s investment in Cameroon should enable the company to modernize and improve the coverage of its telecom network in order to guarantee quality telecom and mobile money services to a larger part of the population.
South Africa: Vodacom will invest $30.7 million in its Western Cape network in 2023/2024
Vodacom Group plans to invest US$30.7 million in its operations in the Western Cape Province of South Africa for the current financial year. The company will use these to improve the quality and capacity of its telecom network, while extending its coverage in both urban and rural areas.
Malawi: Regulator launches six-month project to improve quality of mobile networks
The Malawi Communications Regulatory Authority (MACRA) has launched a project called “Better Quality of Service (QoS) in Malawi”, in partnership with the International Telecommunication Union (ITU). This program is expected to improve telecommunications services in the country.
Axian raises $158.3 million from JPMorgan Chase Bank to support its activities in Tanzania and Madagascar
Telecommunications company Axian Telecom has obtained a loan totaling USD 158.3 million from the American bank JPMorgan Chase Bank NA The funds should allow the company to support its activities in Tanzania and Madagascar in a marked context by growing demand for high-speed connectivity and strong competition.
Isaac K. Kassouwi
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