Archive for the ‘News’ Category

Fund managers Unconvinced by Apple’s Rebound as Firm Readies Results
Tuesday, July 22nd, 2014

Apple, once a can’t-miss stock, is finding it tough to persuade portfolio managers to come back into the fold. The company’s shares are up 17 percent for the year, nearly three times the performance of the benchmark Standard & Poor’s 500 stock index over the same time. Yet the company remains one of the most significantly underweighted stocks among large cap fund managers, according to a Goldman Sachs report. Part of the ...  [Read more]

Carmudi Nigeria Unveils Global App
Tuesday, July 22nd, 2014

Nine months after it made an entry into the country, Carmudi Nigeria, fastest growing online car classified, is poised to continue its significant growth in the country, where it is changing shopping experience for car buyers as well as boosting sales for sellers and dealers. Carmudi Nigeria, which launched its website in October 2013, has unveiled its global mobile application in the country to allow users to browse thousands of cars on the ...  [Read more]

BlackBerry Nigeria Launches BlackBerry Z3
Tuesday, July 22nd, 2014

Global leader in mobile communications BlackBerry Limited said Nigeria is a critical market in its strategy to return to profitability by 2016, with a renewed focus on its traditional strengths. The company disclosed this last Thursday in Lagos, during the unveiling of the new BlackBerry Z3 smartphone in the country. Charles Asinugo, territory director, East, West, Central and Southern Africa, BlackBerry, said the company is capitalising ...  [Read more]

Airtel Nigeria  Names Gbenga Rotimi as Legal Director
Tuesday, July 22nd, 2014

Leading telecommunications services provider, Airtel Nigeria, has announced the appointment of Gbenga Rotimi as Director Legal Affairs and Company Secretary. Rotimi appointment takes effect immediately and he will be responsible for all company secretariat, board and legal matters for Airtel Nigeria. Rotimi joins Airtel with over 20 years professional experience covering legal and commercial roles across the United Kingdom, sub-Saharan ...  [Read more]

ITU Telecom World 2014 to Examine Current Realities of the ICT Industry
Tuesday, July 22nd, 2014

As the world looks forward to the International Telecommunication Union Telecom World 2014 event for new possibilities in the ICT Sector in Doha, Qatar, the forum is expected to delve deep into the driving forces behind the ongoing radical transformation of the ICT industry, by exploring three major key priorities and their relevance to the future, which are capable of shaping business and the society. The ITU event will examine realities ...  [Read more]

JUMIA Kenya Introduces Shopping App for Windows Phone
Tuesday, July 22nd, 2014

Online market place, JUMIA Kenya has unveiled a free “JUMIA Shopping App” for Windows phone on Windows 8, a move the e-commerce company says will enhance customer experience. Android users already have had the ability to shop on JUMIA Kenya using the JUMIA mobile app for Android. The app, currently available in five African countries (Nigeria, Kenya, Morocco, Egypt and Ivory Coast) enables you to browse and shop for products from ...  [Read more]

IBM’s ‘Blue Mix’ to Allow App Developers Roll out More  Quickly
Tuesday, July 22nd, 2014

IBM has announced  that its BlueMix cloud-based service will allow app developers to roll out their apps more quickly. Chidebele Ifediora, software IT architect at IBM West Africa, disclosed that the platform takes care of the burdens of infrastructure and management for emerging developers and companies. “The burden of infrastructure is already taken care off in addition to that of management. Apps can be rolled out in time and ...  [Read more]

AG-Placid Nigeria to Partner Tazca for Major LTE Pollout
Tuesday, July 22nd, 2014

Nigeria’s AG-Placid, a network company, has revealed plans to deploy Tazca Connects’ ‘LTE-as-a-Service’ solution for its metropolitan wireless network in Calabar, Gombe and Lafia, in a bid to expand broadband access to businesses, government, hospitals, schools and individual customers. Tazca Connects’ high speed internet service will be powered by a LTE software platform from Lemko Corporation, bringing cost-effective 4G LTE ...  [Read more]

Cloud Investment in EMEA to Hit $4 Billion By End of 2014- IDC
Tuesday, July 22nd, 2014

According to a new report from International Data Corporation (IDC), cloud technology is the major interruption factor in the EMEA infrastructure hardware market, accounting for a growing portion of hardware spending and exerting influence on hardware architectures and vendors. The study represents the usage of infrastructure hardware elements in different types of cloud environments in EMEA, including on-premises private clouds, hosted ...  [Read more]

MTN Rwanda Partners KCB, RSwitch, IM&M for Better Financial Services
Tuesday, July 22nd, 2014

MTN Rwanda has agreed a partnership with Kenya Commercial Bank (KCB), RSwitch and I&M in an effort to allow MTN customers to transfer money between their Mobile Money and KCB accounts and withdraw money from their Mobile Money wallets using I&M ATMs and other RSwitch connected ATMs without the use of a bank card. The new service will also make it possible for customers to receive money in a secure manner as well as pay for goods, ...  [Read more]

Acquisition of Maroc Telecoms Boosts Etisalat’s Revenue in Q2 Performance
Tuesday, July 22nd, 2014

The United Arab-Emirates based operator, Etisalat has announced that it recorded a healthy revenue and profit increase in its second quarter results, attributing the boost to its acquisition of a majority stake in Maroc Telecom. Consolidated revenue for the quarter was AED12.6 billion ($3.43 billion), a 27% year-on-year increase. Net profit was AED2.51 billion, also up 27% . By the end of the second quarter Etisalat had 182 million ...  [Read more]

World Bank to Improve Telecom Infrastructure in DRC with $92 Million
Tuesday, July 22nd, 2014

The World Bank has revealed plans to rehabilitate telecommunications infrastructure in the Democratic Republic of Congo (DRC) with a funding of $92 million, following the poor state of telecoms infrastructure in the country. The funding will be made available via the International Development Association (IDA) on a five-year basis, the Bretton Woods institution said. “For the first time ever the country’s main cities will come close to ...  [Read more]

Telkom SA Retracts on Proposed Job Cuts
Tuesday, July 22nd, 2014

Solidarity, Telkom SA’s Trade Union, has stated that Telkom has recently suspended its upcoming retrenchment process. The union stated that the suspension is due to the flawed processes undertaken by Telkom. According to the trade union, Telkom did not gather sufficient input from unions regarding its retrenchment plans. Solidarity met with Telkom on 17 July 2014, and reached a settlement which will be taken to court next week to be ...  [Read more]