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    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

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    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

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    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

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Fastest direct fibre link connects East to West Africa

The expansion connects millions of DRC citizens and thousands of businesses

Njenga Hakeenah by Njenga Hakeenah
November 14, 2019
in Countries, Infrastructure, Tech & Business
0
The Liquid fibre map with the East to West land-based fibre link. This expansion is connecting East to West Africa and millions of DRC citizens. www.theexchange.africa

The Liquid fibre map with the East to West land-based fibre link. This expansion is connecting East to West Africa and millions of DRC citizens. [Photo/ Liquid Telecom]

The fastest direct land-based fibre link connecting East to West Africa has been launched by pan-African telecoms group, Liquid Telecom.

This breakthrough coast-to-coast digital corridor follows the completion of Liquid Telecom’s new high-capacity fibre link running 2,600-kilometre (km) across the Democratic Republic of Congo (DRC).

The expansion connects millions of DRC citizens and thousands of businesses to Liquid Telecom’s ‘One Africa’ broadband network linking the African continent to the rest of the world.

High-speed connectivity to every African

This will help to create a foundation for social mobility, economic diversification and private sector-led growth both in the DRC and more widely across Africa.

It also underscores the company’s commitment to bring high-speed connectivity to every African on the continent.

Until recently, no direct, land-based fibre network existed between East and West Africa. Network traffic between Kinshasa in the DRC and Dar es Salaam in Tanzania, for example, was routed via London. Liquid Telecom’s East to West fibre link promises significantly reduced latency between major continents via Africa. It also meets the growing demand from global enterprises for fast, reliable, high-capacity and cost-effective communication across the southern hemisphere.

This new extension connects the DRC to neighbouring Tanzania and Zambia with onward connectivity to Liquid Telecom’s ‘One Africa’ broadband network fast approaching 70,000km.

It is central to the company’s vision to create a single fibre network spanning the entire African continent – North to South and East to West.

“Liquid Telecom has connected East to West Africa with the most direct digital corridor across the southern hemisphere. We have set a new benchmark and achieved a historic milestone in our vision to create a more connected Africa,” said Nic Rudnick, Group CEO, Liquid Telecom.

“By linking the DRC to Liquid Telecom’s rapidly expanding pan-African fibre network and the rest of the world, this transformative infrastructure is creating a foundation for digital growth. Fast, reliable broadband connectivity will advance society, fuel innovation and help champion pan-Africa trade,” he added.

Sound infrastructure development has the potential to transform the prosperity and livelihood of the DRC population.

Mobile broadband for Kinshasa’s 11 million people

In Kinshasa alone, for example, some of the city’s 11 million population will no longer have to rely solely on mobile broadband – they will have access to high-speed, reliable internet directly into their homes.

Similar outcomes will be available in other DRC cities along the route – collectively comprising approximately 5 million citizens.

“What Africa has been lacking until now was a direct east to west telecommunications backbone. Liquid Telecom has achieved what African states and organisations have been contemplating for years without success,” said Dobek Pater, Director at Africa Analysis.

Connecting East to West Africa via DRC

He adds that Liquid has deployed a high-capacity fibre optic backbone connecting subsea cables on the East Coast of Africa with cables on the West Coast of Africa.

“By doing this, it not only considerably shortened the communications route between East and West Africa and contributed to keeping the traffic local, but it also laid the groundwork for connecting millions of Africa’s citizens (especially in the DRC) to the internet and the world. This is a significant milestone in the continued expansion of modern telecommunications infrastructure across the African continent, supporting governments’ policies aimed at closing the digital divide within their countries and ultimately ensuring ubiquitous connectivity,” he noted.

“Bringing major continents closer together via the most direct fibre link connecting East to West Africa via DRC is history in the making,” added Rudnick.

“In 2018 Liquid Telecom launched a direct land-based fibre link between Cape Town and Cairo and in July this year, we started work on connecting South Sudan to the rest of the continent.

Rudnick said that by connecting East to West Africa via DRC with a direct land-based fibre link, more African cities, more communities and more businesses will have access to reliable and faster internet connections than ever, and many for the first time.

He added that this project will bring proven economic and social benefits throughout the country, including vastly improved healthcare, education, social welfare and trade as we continue to expand Liquid Telecom’s ‘One Africa’ Broadband Network.

Liquid Telecom’s latest fibre expansion connects the company’s network on the Atlantic coast at Muanda in the DRC, via Liquid Telecom’s international subsea cable partners.

It then runs directly East to Kinshasa and through the DRC onto Lubumbashi in the South, connecting with other cities in between, including Kikwit, Kananga and Kolwezi.

The link then crosses the DRC border into Zambia, integrating there with Liquid Telecom’s existing and rapidly expanding pan-African terrestrial fibre network.

Read: The day Africa connected itself

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Tags: Coast-to-coast digital corridorDemocratic Republic of CongoDRCEast AfricaLiquid TelecomPan-African fibre networkWest Africa
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