Zambia Govt Seeks U.S.$22 Million in Tax On Internet Calls
Zambia expects to raise $22 million annually in new tax on internet phone calls. The cabinet approved Monday a 30 ngwee (0.3 kwacha; $0.03) daily tariff charged on online phone calls. Transport and Communications Minister Brian Mushimba said on Tuesday that the government considered concerns raised by telecom operators. He added that there was “a […]
African Challenges to African Development
The parlous story of African economic and social development since independence best expressed in the failure to achieve the autonomous capacity for self-actuated development and in particular to create conditions of national and continental modern mass production and prosperity is well known and need not be repeated. It is enough to re-state that Africa’s development […]
Re-inventing Africa’s “business model” with Africa CEO Forum
The 5th edition of the AFRICA CEO FORUM will take place from 20 – 21 March in Geneva and will focus on how to succeed in this new economic cycle on the continent. Having cemented its status as the foremost meeting dedicated to the development of the African private sector, the AFRICA CEO FORUM 2017 […]
Niger Delta Militants Threaten To Shut Down MTN, Shoprite And Other South African Firms
In response to the rise in xenophobia and the consequent violent attacks going on in South Africa against Nigerians, a coalition of Niger Delta militants on Wednesday threatened to blow up business owned by South Africans in Nigeria. The militants have issued a one month ultimatum to Multichoice (DSTV), MTN, Shoprite and 16 other major […]
Alarming Resent Growing Against South Africans Outside Borders
The violent implosion in Nigeria as locals retaliate to xenophobic violence suffered by their compatriots in South Africa is merely a tip of an iceberg as bitterness brews among African nationals towards South African counterparts in their countries. With more people in countries where there is a presence of South African people and companies threatening […]
Industrialisation key to Africa’s economic transformation
Industrialisation is key to making Africa a force to be reckoned with, but without power and infrastructure this will remain a mere dream. On this Building Africa debate CNBC Africa is joined by panellists consisting of Phuthuma Nhleko, Executive Chairman, MTN; Paul Kagame, President of the Republic of Rwanda; Oluyemi Oluleke Osinbajo, Vice President of […]
Telecom M&A and Digital Convergence to lead Deal Activity in Africa
Converging technologies, expanding connectivity and telecom mergers and acquisitions (M&A) are predicted to be the main drivers of investment and deal activity in Sub Saharan Africa in 2016 and 2017, according to global news and events company, TMT Finance. The topics will top the bill at the inaugural TMT Finance Africa in Lagos 2016 conference […]
Uganda Government Shuts Down Social Media: Facebook, Whatsapp and Twitter Blocked
The nearly 24-hour shutdown of social media as Mr Museveni was sworn in for a fifth elective term was nothing out of the ordinary. It happened before, the day he was reelected two months ago. From about 5pm on Wednesday internet service providers, MTN, Airtel and others, blocked access to Facebook, Whatsapp and Twitter via […]
MTN Denies Settlement Over The US$5,2 billion Landmark Nigeria Fine
PAN Africa’s leading mobile, MTN has denied reports it had reached an agreement with the Nigerian Communications Commission regarding the US$5,2 billion fined slammed on its Nigerian entity. MTN Group Spokesman, Chris Maroleng, however said the company continues to engage constructively with Nigerian authorities at all levels. “However, the company has noted, with concern, the […]
MTN Group’s Woes Escalate
Mobile network MTN resumed trading on the Johannesburg Stock Exchange (JSE) on Monday afternoon after trade in its shares were suspended in the morning. MTN’s share price tumbled by around 8% on Monday morning amid a report in Nigeria’s Vanguard that said the company had agreed to pay a $5.2bn fine for failing to disconnect […]
