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Home Africa

Safaricom & Vodacom Joins Forces to Bid for Ethiopia Telecom License, Bosun Tijani to Open iHub & CcHub to the American Market and More

Tech Gist Africa by Tech Gist Africa
11/04/2019
in Africa, The Big 5
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Big5 Daily

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It’s a brand new week!

Welcome to Monday’s edition of the Big 5 Daily!

Are you ready?

Have fun!

Big News! Safaricom and Vodacom collaborated to bid for the Ethiopia telecom license that will open this month. The bid is alleged to cost over $1 billion. Interesting!

Have you heard? In a bid to put both hubs on a growth and self-sustainability path, Bosun Tijani the CEO of CcHub and iHub revealed plans to open up both hubs to the American market.

Guess what? The Tanzanian Telecommunications Corporation Limited (TTCL) signed a deal with Burundi Backbone Systems (BBS) to extend its broadband connectivity to Burundi.  

Also, South Africa-based company, Vantage Capital has invested €8million Mezzanine fund in Equity Invest S.A, a tech funding company based in Morocco. The fund will be used to reinforce the market position and growth of Equity Invest in Morocco.

Finally, the Ugandan government has instructed telecom operators to list stakes on the Uganda Securities Exchange. The Telcos are to list a minimum of 20% of their shares within the next two years. What do you think?

Drop your comments on @techgistafrica, our social media channels.

That’s it for today’s Big 5 Daily!

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Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

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