Browsing: Telecommunication and Information Technology Holding Company

• With just $40, customers in Kenya will buy a locally assembled smartphone starting July, 2023.
• Kenya’s mobile network coverage stands at 89.1 percent and is a key enabler of the country’s digital economy.
• The government will lay around 52 percent of 100,000km fibre network while the private sector will handle the remaining 48 percent.

Kenya’s telecommunication industry is about to gain a significant boost as the government plans to roll out the first consignment of one million domestically manufactured smartphones. They will roll out the gadgets in two months even as plans on digital transformation and e-commerce gather pace.

Kenya has been at the forefront of East Africa’s digital economy for some time now. Numerous investment opportunities have come up within the East Africa’s biggest economy catching the eye of many investors. 

Transforming telecommunication industry

According to statistics, Kenya’s mobile network coverage stands at 89.1 percent, a wave that is …

• Vodafone Group developed a business tailor-made to deal with Africa’s rising digital economy
• Etisalat, Vodafone’s largest shareholder, is currently exploring options for investment in Vodacom Africa.
• A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table

Vodafone Group is mulling strategies of extracting more value from its 65% stake in Vodacom Africa. According to Bloomberg, the telco is working with several advisers to evaluate the various strategic options available including mergers and acquisitions. A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table With the recent decline in Vodacom Africa and its market value in Safaricom, the organization is considering other alternatives.

This new take is crucial given that Vodafone has acquired new interested investors. Liberty Global, Xavier Niel,…