Kenya’s CMA warns over ICO.

Kenya's CMA warns of danger

Initial Coin Offers unregulated, it says.

Zim TelOne rules out debt write-off

Friday, Feb 23rd

AI Technologies secures 84.51% stake in BusyInternet Ghana

AI Technologies secures 84.51% stake in BusyInternet Ghana

Ghanaian-incorporated company, AI Technologies has acquired 84.51% stake in 4G LTE mobile broadband network operator, BusyInternet Ghana, a subsidiary of Afrimax, a 4G-LTE telecommunications operator in sub-Saharan Africa.

AI Technologies is a subsidiary of ZFJ Investments, a Dubai-headquartered mobile device distributor/manufacturer operating across nine African countries.

Javed Muhammad, CEO ZFJ Investments Dubai says this was a strategic acquisition given Ghana's telecom and IT Ecosystem, "We are confident we will be able to provide top of the line products and services to our customers and value to our shareholders."

Amit Gaur, CEO, AI Technologies said, "We are happy to be part of Busy and its success in the Ghanaian market. We will be investing resources and funding to take this very popular local brand to the next level."

Lars Stork, Group CEO of Afrimax added, "The successful sale of our business in Ghana is in line with our restructuring strategy aimed at building a next-generation 4G business in Africa.

Stork told ITWeb Africa that BusyInternet only exists in Ghana, but "should there be any more restructuring, this will be communicated. Until then the Afrimax Group is focused on its core market. At present, we will continue to focus on our existing portfolio of markets. Our strategy remains unchanged - to be the #1 next-generation 4G operator on the continent. This is being moulded further by our restructuring and reorganising."

The company says it has an existing 4G License footprint covering 12 African countries, representing a population under license coverage of 250 million, with further Licenses being acquired.

Afrimax has established a strategic partnership with Vodafone in several markets in Africa, including in Zambia for the provision of data and fixed internet services.

Vodacom said the partnership will offer customers high speed 4G data services using the Vodafone Zambia brand.

ALSO ON ITWEB AFRICA

Entersekt partners with ForgeRock Published on 20 February 2018

As launch partner in the ForgeRock Trust Network, Entersekt will contribute mobile-first authentication and global expertise.

Nimbus acquires stake in Paratus Africa Published on 08 February 2018

Paratus CEO says company plans to invest over N$150 million on infrastructure, the bulk of which will be invested in fibre.

Leverage machine learning, cloud to bolster decision-making Published on 09 February 2018

Neil Herbert, Director: Business Analytics at SAP Africa says these key technologies are driving advancement of business analytics to support real-time decision-making in 2018.

AI Technologies secures 84.51% stake in BusyInternet Ghana Published on 12 February 2018

Company describes deal as a strategic investment in subsidiary of 4G-LTE telecoms operator Afrimax.