Browsing: Elon Musk

• Safaricom has requested telco industry watchdog, the Communications Authority (CA) to block satellite internet providers, such as Elon Musk’s Starlink, from operating independently within Kenya.
• Kenya’s largest telco argues that allowing satellite providers to operate independently could lead to challenges in enforcing compliance with local laws.
• Safaricom insists satellite ISPs should only be allowed to operate under the license rights of a local company.

A fierce battle is looming in Kenya’s internet service provider (ISP) industry, with Safaricom PLC, the region’s largest telecommunications operator, requesting the Communications Authority (CA) to block satellite internet providers, such as Elon Musk’s Starlink, from operating independently within the country.

This development sets the stage for what could turn out to be a fierce contest over the control of Kenya’s lucrative internet market, as telco heavyweights Safaricom and Starlink vie for dominance in a rapidly digitizing economy.

Listed on the Nairobi Securities Exchange and …

• 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 …

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.…

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 …

• 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 …

• 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 …

• 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 …