Category: TECHNOLOGY
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Afrimax Group announces sale of BusyInternet Ghana Ltd
The Afrimax Group has successfully completed the sale of one of its African subsidiaries, BusyInternet Ghana Limited to AI Technologies Limited, a company incorporated in Ghana. A statement copied Citi Business News said the move is part of the Afrimax Group’s strategy aimed at reorganizing its corporate structure with a view to enabling continued improvement…
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Samsung introduces 2018 galaxy A8+ in Ghana
Samsung Electronics Africa has introduced its latest addition to the Galaxy A series: the 2018 Galaxy A8+ unto the Ghanaian market. The Galaxy A8+ feature a Dual Front Camera, a large Infinity Display and stunning ergonomic design that draws on Samsung’s flagship design heritage and experience. “With the release of the Galaxy A8+ (2018), we’re…
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MTN to plan $500m Nigeria Share Sale in 2018
MTN Group Ltd. plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record fine, according to people familiar with the matter. Standard Bank Group Ltd. and Citigroup…
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GhIPSS shifts mobile money interoperability to February 2018
The Ghana Interbank Payment and Settlement Systems (GhIPSS), has rescheduled the implementation of the mobile money interoperability to next month (February, 2018). This comes after missing the initial November 2017 deadline. The CEO of GhIPSS, Mr. Archie Hesse who disclosed this new date to Citi Business News said the necessary processes for all the service…
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Digital currencies not licensed in Ghana – BoG
The Bank of Ghana has cautioned the public against transacting business with digital currencies such as Bitcoin, in Ghana. According to the Central Bank, it has not licensed the activities in digital currency under the Payments System Act 2003. “The Bank of Ghana wishes to notify the general public that these activities in digital currency…
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MTN aiming to be Africa’s biggest bank
MTN, Africa’s biggest mobile operator, is gunning to become Africa’s biggest bank. The ambitious business strategy was revealed by MTN CEO Rob Shuter yesterday during the Deloitte Africa in 2018 Outlook conference in Woodmead. The company is encouraged by the progress made by its Mobile Money offering in other geographies that it operates in. This is despite…
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Airtel Tigo workers up in arms over redundancy packages
Some workers of Airtel Tigo have expressed their displeasure over what they say is the unfair treatment in the redundancy package being offered to them by the new management of the merged entity. Information available to Citi Business News indicates that the issue has led to tension between the workers and the management. The agitated…
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Telcos with no 4G licenses must work to acquire it
Some telecom analysts have urged telcos without 4G licenses to work at securing it. MTN, which is already operating the 4G network in Ghana, has conducted trials on its 5G network in South Africa. The exercise is expected to quicken the pace of using the network’s internet services when successful. With smart devices, the 5G…
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5G network will not start in Ghana anytime soon—Analyst
Telecom Analyst, Fouad Chalabi has ruled out any possibility of Ghana signing onto a 5G license anytime soon. 5G (5th Generation) is the proposed next telecommunications standards that will provide better speeds and coverage than the current 4G. According to Chalabi, Ghana is yet to realize the full benefits of the 4G network, hence the…
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MTN secures ¢GH510 million credit facility
MTN Ghana has secured a credit facility through a syndication worth GHC 510 million from 9 banks in Ghana to improve its infrastructure and services. This is the second time the telecom operator is undertaking such a deal. In 2012, MTN carried out a similar loan syndication deal to finance network expansion. That facility was repaid…