Safaricom has announced a 47 per cent rise in its pre-tax profit to US$304mn, with profit after tax increasing 39 per cent from the previous year to $209mn
Mobile
Nigerian telecoms operators 'pay US$8mn in fines'
Nigerian telecoms operators, MTN, Glo, Etisalat and Airtel, have paid a total of US$8mn in fines to the Nigerian Communications Commission (NCC)
Globacom and Huawei seal US$750 million Nigeria infrastructure deal
Chinese company Huawei will assist the upgrade and expansion of Globacom’s telecommunications infrastructure in Nigeria as part of a recent agreement signed by the two companies worth US$750mn
Web and mobile technologies harnessed for anti-malaria campaign
Pharmaceutical company, Novartis, and the Malaria No More charity have announced that they are to join forces in the fight against malaria
MTN Nigeria signs US$3bn loan deal
Telecoms company MTN Nigeria has secured a US$3bn loan facility from a group of 17 local banks and seven foreign lenders to pay for an upgrade of Nigerias mobile network infrastructure