Browsing: Elon Musk

starlink-ElonMusk
  • Jumia will serve as the distributor of satellite terminals and connectivity kits for Starlink Ventures in Africa.
  • Jumia’s extensive reach throughout Africa enables it to pioneer in offering these kits.
  • E-commerce giant Jumia will initiate the sale of satellite terminals and related equipment in Nigeria.

In spite of the adverse effects of COVID-19 on Africa, the pandemic years became a significant turning point in the continent’s economic landscape. Over the course of just two years, Africa demonstrated its capabilities through its substantial growth in the realm of e-commerce. This surge in e-commerce activity underscores the immense potential that Africa holds, especially if it can bolster its Internet access infrastructure.

Notably, this potential has captured the attention of billionaire entrepreneur Elon Musk. He has taken proactive measures to accelerate Africa’s journey toward asserting itself in the online landscape. In recent developments, Elon Musk’s satellite internet company, Starlink Ventures, has entered

Mining in Tanzania Gold in Tanzania

The mining industry in Tanzania holds a unique position as one of the most financially rewarding sectors, consistently generating foreign currency. Beyond its economic significance, this sector also wields considerable political influence within the nation. Therefore, a recent multi-million-dollar agreement forged with Australia and the US for the extraction and processing of critical minerals positions Tanzania advantageously as it prepares to participate in the forthcoming Critical Minerals Summit 2023.…

Starlink in Tanzania. Starlink invests in Tanzania.

 

It all started with a Tweet which called out on Elon Musk to come and invest in Tanzania to which Musk responded that Starlink is soon coming to Tanzania and that they are just waiting for government approvals. The Minister for Information, Communication and Information Technology, Honourable Nape Nnauye, responded to Elon Musk’s twitter stating that the application was already reviewed and that Starlink was to meet some requirements that were outstanding.

Twitter Tanzania went wild! Everyone was scurrying to welcome Elon Musk’s investment in Tanzania and wondering why it was taking so long. The star effect of Elon Musk is undeniable however, regulatory officials need to look past the stardom and look at the merits of the investment.

Starlink is a satellite internet constellation operated by SpaceX providing satellite Internet access to most of the Earth. The constellation consists of about 2000 satellites and the number is growing. …

The Tanzania Communication Regulatory Authority (TCRA), has said Elon Musk's Starlink, the company that would provide the satellite internet services to remote areas in Tanzania, needs only to complete the required procedure to set up shop in the country. Photo/Sky News

Elon Musk applied for licensing to provide Tanzania with satellite Internet services; that was last year. This year, the Tanzania Communication Regulatory Authority (TCRA), has said, Musk’s Starlink, the company that provides the satellite internet services, needs only to complete the required procedure to set up shop in the country.

This response by Tanzania to Elon Musk’s application has stirred up controversy on Twitter with executives from both sides raising allegations and counter-allegations.

On Elon Musk’s side, you have allegations of foul play by existing telecom giants in Tanzania lobbying to keep his Starlink from entering the market.

Also Read: Nickel: Africa’s new opportunity as Russia-Ukraine crisis rages on

On Tanzania’s side, you have authorities playing it safe with a clean-cut statement saying Elon Musk’s Starlink needs only to comply with the country’s regulation requirements, otherwise, Starlink is more than welcome to enter the market.

If the Twitter exchange is

Tesla's gift to short sellers
  • Shares of Tesla the pioneer of electric vehicles fell spectacularly in 2022. This trend was the same for auto shares which list substantial amounts of value during the year.
  • Tesla despite its anemic showing in terms of share price performance managed to deliver a record number of EVs.
  • The EV company increased production of its products by as much as 40%.
  • This impressive development by Tesla failed to excite the market which hammered the share price resulting in the EV company shedding 64% of its value in 2022.
  • Notwithstanding the skepticism from the market Tesla has been making positive strides with its Gigafactory initiatives.
  • Africa has been the focus of the Gigafactory initiatives by Tesla. A Gigafactory is a massive manufacturing facility that aims to speed up and scale up the manufacture of electric vehicles.
  • The Gigafactory concept will contribute substantially to the economic wellbeing of African countries where Tesla
Elon Musk fortune stunning drop
  • Elon Musk, Tesla, and SpaceX command a cult following from legions of fans worldwide.
  • Musk’s fortune tumbled by a staggering 60% in 2022 according to reports by Forbes and Guinness.
  • Forbes magazine broke the news that Musk, the Tesla boss was no long the wealthiest person on the planet. He lost this position to Bernard Arnault of LVHM.

The billionaire’s interest in electric car maker lost more than half of its value in 2022 as shares in Tesla lost over 60% according to a report by Forbes which was quickly adopted by Guinness. Amazingly, despite the substantial loss of value of Musk’s Tesla shares he is still the second wealthiest person on the planet.

This is likely attributable to the high valuation that the market still attaches to the electric car manufacturer’s shares. Shares of the EV company began to tumble when investor’s lost confidence in the billionaire’s ability to …

Tanzania is set to become the fourth African country to allow internet service provision from Elon Musk Starlink’s LEO satellites. Photo/Pandasecurity

 

  • Elon Musk Starlink satellite internet in Tanzania expected as early as first quarter of 2023
  • Tesla to access nickel and cobalt from Tanzania’s Kabanga mines by 2025
  • Tanzania, Kabanga form Tembo Nickel Corporation at 16% and 84% shares respectively

Elon Musk in Tanzania: Did you know, there are over 3250 satellites hovering in the Lower Earth Orbit over you? The number is not shocking, what is impressive is the entire satellite constellation is owned by a single company, Elon Musk’s Starlink.

In his ambitious effort to offer faster internet coverage globally, the world’s richest man actually plans to have as many as 42,000 satellites in the Lower Earth Orbit (LEO).

As we enter the New Year 2023, Tanzania is set to become the fourth African country to allow internet service provision from Starlink’s LEO satellites.

Even though Tanzania has already laid down some 7,910Km of fibre optic cable that …

Starlink says that the company will kick off its operation in Nigeria next year. www.theexchange.africa
  • Starlink is an internet company owned by America’s billionaire Elon Musk.
  • The company targets to service five per cent of internet users in the world, inclusive of Africa’s biggest economy.
  • Starlink expects to start operation by the end of the year 2022.

It is about to go down in Nigeria!

This is if data from the Nigerian Communications Commission (NCC) is anything to go by. The data from this independent National Regulatory Authority for the telecommunications industry in Nigeria shows that two of the country’s telcos have lost over 1.37 million data users.

This is after Starlink, an internet company owned by America’s billionaire Elon Musk, revealed that it was planning to invest in the Nigerian internet service market. MTN and 9mobile have been the biggest casualties.

Read: Nigeria attracts Africa’s highest Foreign Direct Investments beating South Africa, Angola

Despite the hopes, questions abound if Starlink will manage to address …

106926992 1628885077267 elon
  • Elon Musk is ready to sell his Tesla shares if WFP will describe how it will spend it and display accounting reports
  • Nearly 42 million people are face starvation due to various factors including climate change 
  • 2 per cent of Elon Musk’s wealth could help the 42 million people facing hunger

Who would have thought that one man can solve a portion of global hunger?

The old saying, ‘numbers don’t lie’ has somehow shocked the world, as the director of the United Nation’s World Food Programme, David Beasley, recently challenged the world’s wealthiest individuals to ‘’step up now, on a one-time basis’’ and address global hunger.

“US$6 billion could help 42 million people that are going to die if we don’t reach them. It’s not complicated,” he added, as cited by CNN.

It seemed to be a normal statement, by when one of the most influential like Elon Musk, took …