Financial

Cameroon’s Post & Telecoms Minister Battles Bulk SMS Fraud, Seeks GTS-Infotel Support

The Cameroon Minister of Posts and Telecommunications, Libom Li Likeng, has invited GTS-Infotel to the meeting on the issue of fraud on communication networks in its effort to tackle the menace of bulk SMS in the West Africa Country. TechnologyMirror gathered that despite the integration of A2P SMS Firewall in their networks, Orange & MTN […]

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Financial

Neglect Social & Govt Reporting at Your Peril, Experts Warn Telecos Targeting Multinationals

For global telecoms service providers focusing on multinational corporations (MNCs) and large enterprises, the oversight of social and governance (S&G) reporting poses significant risks. Neglecting these crucial aspects may jeopardize their standing in an increasingly ESG-focused business landscape. Recognizing the impact of S&G factors is imperative for telcos navigating the complexities of corporate partnerships and […]

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Telecoms

ITU’s Partner2Connect Digital Coalition Secures $7b Connectivity Project

ITU’s Partner2Connect Digital Coalition has identified new connectivity projects worth $7 billion worldwide in 2023, the UN tech agency announced at Partner2Connect’s second annual meeting in Geneva, Switzerland. The new commitments increase to nearly $37 billion the value of resources mobilized by Partner2Connect (P2C) since the pledging platform opened in March 2022. ITU reported earlier […]

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Financial

OTT Messaging Apps Remain Dominant Amid Fall in Conversational Commerce Spend to 45%

OTT messaging apps will remain the dominant channel for conversational commerce. This is despite a fall in global market share of conversational commerce spend from 53% in 2024, to 45% in 2028. According to Juniper Research in its latest report, much of this spend will be driven by the advanced capabilities of OTT messaging apps, […]

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Financial

Adoption of AI to Reduce Operator’s Revenue Leakage from 5G Roaming Connections by $118m

The average revenue leakage per 5G roaming connection will decrease from $1.72 to $1.20, as operators leverage AI-based segmentation. Revenue leakage refers to the value of services provided but not monetised. According to Juniper Research this reduction in revenue leakage will be driven by the implementation of AI-based segmentation solutions to monetise data-centric users. Specifically, this […]

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Financial

Five Startups of IHATCH Initiative Secure $266,000 Grants as NITDA Extends Programme to More States

Five startups of Cohort One and two of the National Information Technology Development Agency (NITDA), 5-month free intensive incubation programme have secured grants worth about $226,000. According to the Director General of NITDA, Mr Kashifu Inuwa, Xolani Health (a health tech startup from the first cohort) secured a grant worth $155,000, BetaLife (a health tech […]

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Financial

Failed SAP Enterprise Solution Crashes Spar into Financial Mess

Spar’s failed SAP enterprise resource planning (ERP) system cost the retail group R1.6 billion. In a trading statement for the year ended 30 September, issued today, Spar says: “The unsuccessful launch of Spar’s new ERP IT system (SAP) at the KwaZulu-Natal (KZN) distribution centre impacted the KZN trading performance severely, causing a loss of group turnover […]

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Financial

JUST IN: NCC Releases List of States with Highest Levies & Taxes Strangulating Telecoms Operators

The Nigerian Communications Commission (NCC), has released the list of States, Local Government in the country with the highest levies and taxes that is making the telecoms operators in the telecoms industry unable to breath. The list showed how Governments in all levels of the Federation make it difficult for the telecoms companies to deploy […]

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Telecoms

MTN Nigeria Unveils Milestones of Ambition 2025 Strategy at Hosting of Capital Markets Day

MTN Nigeria Communications Plc (MTN Nigeria) on the sideline of hosting its Capital Markets Day in Abuja, has announced progress on achieving its ‘Ambition 2025’ Strategy, and the emerging opportunities in Nigeria’s digital economy to local and international investors. The event was attended by local and international investors who had the opportunity to engage high-level […]

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Financial

Post-Master General in Hot-Seat Over Huge Revenue Losses as Senate Threatens Privatisation of NIPOST

The Senate on Tuesday threatened the complete privatisation of the Nigerian Postal Service (NIPOST) if the agency continues operating at a loss. Chairman of the Joint Committee on Finance, Senator Sani Musa, issued the warning during the continuation of the 2024-2026 Medium-Term Expenditure Framework (MTEF) public hearing in Abuja, the nation’s capital. Quizzing the Post-Master […]

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