Legend Internet debuts on NGX, seeks ₦150 billion for fibre rollout
Legend Internet Plc listed on the Nigerian Exchange Group, gaining nearly 10% on its first day of trading. The company announced plans to raise ₦150 billion ($92.72 million) in debt and equity for expansion.
US tariffs could derail Africa’s telecom growth, MTN CEO warns
MTN Group's CEO Ralph Mupita warns that new US tariffs on technology imports could impact Africa's telecom sector. The company spends around $2 billion annually on network infrastructure, which may be threatened by rising equipment costs.
Standard Bank Connect Relaunches Device Financing Service
Standard Bank Connect has relaunched its device offering with a range of tech brands. Customers can purchase devices from brands like Apple, Samsung, Huawei, and more.
IBM to cease direct operations in Nigeria and across 35 African countries, transfers business to MIBB
IBM plans to discontinue operations in 36 African countries, including Nigeria and Ghana. MIBB will take over IBM's regional functions, including marketing and selling its software and services.
TechCabal’s best-read stories of Q1 2024
Olu Akanmu stepped down as CEO of Opay due to clashes with the company's leadership. Huawei has become Nigeria's biggest telecoms vendor and has secured deals with top Nigerian banks.
